Latest Materials News

Grand Gulf Energy has secured an exclusive option for a major offshore Namibia oil block with over a billion barrels prospective resource and signed a strategic MoU to jointly explore helium and potash in Utah’s Paradox Basin.

Vulcan Energy has marked significant milestones in its Phase One Lionheart Project, including drilling progress, a landmark heat supply deal, and a substantial lithium resource upgrade in Germany.

My Foodie Box Ltd reported a $1.39 million profit for FY24 following the sale of its meal kit business to MFB (WA) Pty Ltd, receiving a 40% stake and vendor financing arrangements. The company now seeks new assets to restore shareholder value amid ongoing financial uncertainties.

Rand Mining Ltd and its joint venture partners have completed over 10,600 metres of drilling at the East Kundana Joint Venture, confirming continuity of mineralisation and identifying high-grade gold zones that underpin upcoming resource updates.

AuKing Mining Limited has strengthened its financial position with a $5 million loan facility and progressed its strategic Cloncurry Gold Project acquisition, while its Koongie Park JV reports promising scoping study results.

EcoGraf Limited has advanced its vertically integrated battery anode materials business with a US$105 million financing mandate for its Epanko Graphite Mine and positive momentum in US and EU government support.

Kore Potash has issued 500 CHESS Depositary Interests (CDIs) at AUD 0.0543 each, with shares set to commence trading on AIM, JSE, and ASX from 1 August 2025. This move finalizes a cleansing prospectus process and updates the company’s total voting rights.

Australian Mines Limited has executed a binding earn-in agreement for up to 80% of the Boa Vista Gold Project in Brazil, backed by a recent $2.5 million capital raise to fund extensive drilling and exploration across its portfolio.

Focus Minerals reported a record gold pour in June 2025 at its Three Mile Hill plant, alongside significant mining progress and infrastructure upgrades at Coolgardie. The company also completed a $250 million sale of its Laverton Gold Project, strengthening its balance sheet.

Centuria Capital No. 2 Fund confirms full compliance with note terms and stable loan positions in its Q4 FY25 report, reassuring investors amid a steady operational quarter.

Riedel Resources Limited has progressed its Kingman Project in Arizona, securing $1.4 million in fresh capital to fund drilling and development activities at the high-grade Tintic deposit. The company also strengthened its board with the appointment of an experienced independent director.

Haranga Resources is poised to complete its acquisition of the Lincoln Gold Project in California, bolstered by strong due diligence results, while advancing uranium and gold exploration projects in Senegal with permit renewals and maiden drilling.