Latest Mineral Resources News

Pursuit Minerals posted an A$666,579 FY2026 profit, but the result was driven largely by a fair-value gain on its Kendrick Resources investment rather than operating revenue. The company’s more consequential development is in Argentina, where Rio Grande Sur now carries a 1.264 million tonne LCE resource, a maiden probable reserve and a pre-feasibility case for 5,000 tonnes per year of lithium carbonate.

Amara Minerals has warned of a material uncertainty over its ability to continue as a going concern after reporting an $8.79 million FY2026 loss and $2.08 million in cash. The company is advancing Victorian gold-antimony exploration, but further equity funding is required and a GST-related court dispute remains unresolved.

Australian Critical Minerals has emerged from a transformational year with six new Peruvian projects and early Flint drilling pointing towards a possible concealed porphyry system. But the annual report also flags a material uncertainty over going concern, with further funding required to sustain exploration.

Taruga Minerals has transformed its exploration strategy around two Papua New Guinea projects, but the next phase comes with a clear funding constraint. The ASX-listed explorer ended FY2026 with A$1.84 million in cash, a A$3.77 million loss and an auditor-highlighted material uncertainty over its ability to continue as a going concern.

Dalaroo Metals has moved from a Western Australian base-metals explorer into a three-country gold and critical-minerals play, but its next phase depends on drilling success and continued access to capital. The annual report records a $2.63 million loss, $509,442 in year-end cash and a material uncertainty over going concern.

Redcastle Resources reached its biggest operational milestone in FY2026 by starting mining at Redcastle Reef, but the project was temporarily suspended after Wiluna Mining halted relevant processing activities. The annual report also flags a material uncertainty over the company’s ability to continue as a going concern.

High-Tech Metals enters FY2027 with $9.8 million in cash after a major option exercise, while its Western Australian gold portfolio advances toward development. The company remains loss-making and has no Ore Reserves, leaving drilling, studies and future funding as the key tests.

Lode Resources has reported a statutory profit of A$456,296 after establishing an 8.2Moz silver-equivalent resource at its Montezuma project in Tasmania. The explorer is now moving from discovery toward scoping studies, but remains reliant on further drilling, metallurgy and funding to demonstrate an economic development case.

Koonenberry Gold posted a sharply wider FY2026 loss after impairing its namesake project, while exploration spending rose and Enmore drilling extended a gold system to depth. The company has since raised $3.78 million from a placement, but remains dependent on equity funding.

Adavale Resources is presenting its 610-square-kilometre Parkes Gold Project as a belt-scale opportunity with 383,300 ounces of reported gold resources and existing processing infrastructure. The next test is whether metallurgical work, a scoping study and funding can turn that inventory into a credible development plan.

Recharge Metals ended FY2026 with $5.61 million in cash after a $5.97 million capital raise and the acquisition of the Sunset Well gold project. The explorer now faces a sharper test: whether drilling can turn Prospero’s 94,500-ounce inferred resource and its broader exploration portfolio into something more substantial.

Estrella Resources has delivered a 27,371-tonne manganese stockpile and a maiden 621-million-tonne limestone resource in Timor-Leste, but the operational progress came alongside a $23.98 million FY2026 loss and a $21.13 million impairment of Western Australian assets. The next test is whether the manganese stockpile can become cash and whether Werumata can move beyond an Inferred resource.