Latest Laverton News

Latitude 66 returned to a A$1.71 million FY2026 profit as asset sales funded a larger gold resource base and major KSB milestones. But the auditor flagged material uncertainty over the explorer’s ability to continue without further funding.

Riedel Resources has completed the equity-funded acquisition of the Cosmo and Mt Venn gold projects, expanding its exploration portfolio beyond Arizona. But the annual report carries a material going-concern uncertainty, leaving future drilling dependent on further capital and execution.

Matsa Resources has received a $10 million deposit from AngloGold Ashanti for the early acquisition of selected Lake Carey tenements. Ministerial consent has been secured, but the remaining $45 million depends on outstanding third-party approvals.

Great Southern Mining finished FY2026 with A$4.76 million in cash after selling Southern Star to Regis Resources and raising A$4.63 million, while drilling extended gold mineralisation at several Western Australian projects. The exploration story is advancing, but the annual report also contains an apparent inconsistency in the reported annual profit that warrants clarification.

Riedel Resources has begun a 1,100-sample soil geochemistry program across its 580km² Cosmo Gold Project in Western Australia, targeting unexplored ground and existing gold anomalies. The work is designed to sharpen drill targets before the company’s maiden Cosmo drilling campaign, scheduled for October.

AngloGold Ashanti has exercised early an option to acquire specified Lake Carey tenements from Matsa Resources for a fixed A$55 million, although most of the consideration remains conditional. The deal arrives as Matsa refinances existing debt, manages an operational review and remains suspended from trading.

Platina Resources has reshaped itself around a 312 square kilometre gold portfolio in Western Australia’s Laverton district, backed by $8.61 million in cash. The FY2026 annual report shows stronger exploration momentum, but the company remains loss-making and dependent on turning targets into discoveries.

Industrial Minerals has completed its shift from an industrial-minerals explorer towards Western Australia gold, adding a 205 square kilometre Laverton portfolio after year end. The company enters the next phase with historical high-grade intercepts, a planned maiden drilling campaign and $2.08 million in cash at 30 June.

Brightstar Resources will pay A$350,000 for five Panther Metals exploration licences beside its Laverton processing plant, securing ground needed for haul roads, water infrastructure and future tailings capacity. A separate, non-binding deal could also bring Panther’s Burtville East ore through the plant under a 50:50 net proceeds arrangement.

Panther Metals has secured $350,000 in cash from the sale of its Mikado Gold Project to Brightstar Resources, while opening a potential processing route for Burtville East. The proposed 50:50 arrangement remains non-binding and depends on further evaluation and definitive agreements.

Kalgoorlie Gold Mining has secured A$2.3 million through a placement and launched a fully underwritten A$1.1 million entitlement offer to fund exploration at its Pinjin Gold Project. The capital will target new drilling at the Lighthorse discovery, where earlier assays included high-grade gold within broader mineralised intervals.

Westar Resources has identified three high-priority gold targets at its Jerrys Bore project after analysing 1,167 UltraFine+ soil samples. The anomalies coincide with gold pathfinder elements and interpreted structures, but drilling is still needed to establish whether buried mineralisation exists.