Latest Mining And Development News

Rapid Critical Metals reported expanding high-grade silver mineralisation at Webbs and strong processing test results, but ended September with $3.548 million in cash against quarterly relevant outgoings of $3.824 million. The company said it has not yet started a funding process, although it expects to consider its options.

Pacific Lime and Cement has shifted its Central Lime Project from civil construction to equipment installation, with more than half of its major kiln and process plant materials now delivered. The A$129 million project forecast remains within its A$133 million funding envelope, but A$26 million of contingent funding is still undrawn or unrealised.

Victory Metals has put a A$1.21 billion post-tax PFS value on North Stanmore, secured its mining lease and begun product qualification with potential offtake partners. The project remains pre-production, with DFS work, approvals, financing and metallurgical validation still ahead.

Mont Royal Resources has begun testing whether Ashram’s mixed rare earth carbonate can be upgraded into separated, high-purity oxides, while a US defence consortium adds strategic visibility to the Quebec project. The company ended September with A$5.03 million in cash after receiving a C$2.22 million Quebec tax credit.

MB Gold has finished its latest Marble Bar drilling campaign with assays pending, while a geophysical survey has opened several deeper targets across the project. The explorer ended September with $4.84 million in cash after spending $1.19 million on exploration during the quarter.

Globe Metals & Mining Limited (ASX:GBE) has begun early mining at its Kanyika niobium and tantalum project in Malawi, moving from site preparation to physical excavation. The milestone comes with only 1.1 quarters of reported funding and a potential requirement for substantial additional capital.

Yari Resources has completed the Arcadia acquisition, lifting its combined reported Queensland coal resources to 504.9Mt and materially increasing its Indicated inventory. The enlarged portfolio brings product flexibility and infrastructure access, but also leaves Yari with technical work, contingent obligations and roughly two quarters of cash funding.

Emerald Resources delivered a sharp lift in FY26 profit as its Okvau gold mine generated the cash to fund two new developments. The debt-free, unhedged producer is now moving Dingo Range and Memot from permitting and study work towards construction, while warning that key reserves and timing milestones are still ahead.

White Energy has completed the A$0.5 million acquisition of the South Galilee Coal Project, taking control of the entities that hold its tenements. The transaction gives the company another coal asset, but the filing provides no development timetable, resource figures or production outlook.

Rincon Resources posted a $6.96 million FY2026 loss after writing down $5.53 million of exploration assets, while its cash balance rose following a $3.1 million placement. The explorer has narrowed its focus to Telfer South and Crackerbox, but remains dependent on future drilling and funding.

Critical Minerals Group has put a substantial economic case around its Lindfield vanadium project, but its FY26 accounts also flag a material uncertainty over funding. The company is targeting a 2027 investment decision while holding less than A$1 million in year-end cash and navigating a leadership change.

Vital Metals reported a A$16.63 million FY2026 loss after impairing its North T mine asset by A$12.73 million, while its auditor highlighted material uncertainty over the company’s ability to continue as a going concern. The balance sheet was strengthened by A$12.47 million in placements, but Tardiff’s encouraging drilling results must now translate into a larger resource and a credible pre-feasibility study.