Latest Materials News

Condor Energy has unveiled a significant upgrade to its offshore Peru portfolio with the addition of the Raya West prospect, pushing the Greater Raya area’s prospective oil resources beyond 900 million barrels. This milestone enhances Condor’s position as a major player in the Tumbes Basin exploration landscape.

Pioneer Minerals has identified a major geophysical breakthrough at its Springfield Prospect in Idaho, revealing a district-scale tungsten system linked to a large magnetic anomaly. This discovery significantly expands the known mineralised footprint and elevates exploration potential across the North Pine Project.

Catalina Resources has appointed Core Drilling Pty Ltd to commence a 3,000-metre RC drilling program at its Breakaway Dam Copper VMS Project, aiming to expand on recent promising copper sulphide discoveries in Western Australia.

Lunnon Metals has officially begun mining at its Lady Herial project, marking the first new mine on the Foster belt in over 30 years and targeting significant gold production amid record prices.

Altamin Limited has obtained a retrospective Environmental Impact Assessment approval for its Gorno Project in Italy, strengthening its regulatory footing and supporting strategic options for development.

News Corporation reported a 4% revenue increase to US$4.506 billion for the half-year ended December 2025, while net income declined 9% to US$305 million. The company declared an interim dividend and continued its stock repurchase program amid mixed segment performances and ongoing legal challenges.

Audalia Resources has released supplementary details to its January 2026 Prefeasibility Study update, confirming a maiden ore reserve and outlining plans for construction to begin in late 2026, contingent on funding and approvals.

Nimy Resources has dispatched its first shipment of high-grade gallium mineralised test material from Western Australia to the United States, marking a key step in developing a secure Western supply chain for this critical mineral. The collaboration with M2i Global aims to identify optimal processing routes to support U.S. defence and semiconductor industries.

Web Travel Group has responded to an ASX price query following significant share price swings, confirming no undisclosed material information exists. The company links recent trading activity to a publicly announced Spanish tax audit of its subsidiary.

Estrella Resources has ramped up extraction at its Ira Miri manganese project in Timor-Leste, targeting a significant 30,000 tonne market sample as it advances towards commercial production.

Aguia Resources reports a significant jump in gold recovery rates at its Santa Barbara project, with production gains achieved despite processing lower grade ore. The company aims to further enhance output through selective mining and mechanisation upgrades.

Anson Resources has intersected lithium-rich brines at the Mt Fuel-Skyline Geyser well in Utah, advancing plans to upgrade its JORC resource at the Green River Lithium Project.