Latest Northern Territory News

Beetaloo Energy has secured a 25% non-operated interest in a 305 square kilometre Taroom Trough block as part of a four-company joint venture selected as Queensland’s preferred tenderer. The position comes with no upfront consideration, while its initial two-year work program is intended to be funded from existing cash.

KGL Resources has awarded Sedgman the design, procurement and construction contract for the processing plant at its Jervois Copper Project, moving the Northern Territory development closer to a final investment decision. The expanded scope includes early installation work for future plant additions, while KGL says the contract remains consistent with its baseline cost and schedule assumptions.

Barkly Rare Earths has entered its first full year as an ASX-listed explorer with A$5.38 million in cash, a 10,000-metre drilling programme underway and an early 99% magnet rare earth oxide extraction result. The technical signals are encouraging, but both the drilling data and metallurgy remain at an early stage.

Kingsland Minerals has advanced its flagship Leliyn Graphite Project into pre-feasibility, backed by high-grade drilling, gallium testwork and a A$2.16 million capital raising. But the ASX-listed explorer finished FY2026 with only A$458,032 in cash and remains dependent on further funding.

Middle Island Resources has outlined a much larger Serbian exploration portfolio after acquiring Konstantin Resources, with Bobija emerging as a broad shallow gold-silver polymetallic system. But the ASX explorer also reported a $3.35 million loss, $2.39 million in cash and an auditor-flagged material uncertainty over its ability to continue without further capital.

Sabre Resources has expanded into a 4,000-square-kilometre Northern Territory gold and copper-gold portfolio, but its FY2026 loss more than doubled as cash declined. The company now has drilling underway and fresh capital, alongside a growing funding and dilution burden.

Westar Resources has reported a $3.30 million FY2026 loss after impairing $2.20 million of exploration assets, predominantly at Gidgee North. The explorer ended the year with $1.85 million in cash after raising $1.98 million, while adding several early-stage gold and copper projects.

Patronus Resources enters FY2027 with approximately 2.3 million ounces of gold-equivalent Mineral Resources, $65.1 million in cash and liquid investments, and a 30,000-metre Northern Territory drilling campaign underway. The annual report also records an $8.6 million net loss and a proposed uranium rights transaction that remains conditional.

DevEx Resources has emerged from FY2026 with a 9,200 square kilometre uranium landholding in the Northern Territory, $27.2 million in cash and a multi-target drilling campaign underway. Early alteration at KP and shallow mineralisation at Big Radon provide technical encouragement, but the exploration case remains dependent on follow-up drilling and assays.

Chalice Mining is moving Gonneville from study to execution, with a feasibility study underway and a targeted investment decision in the first half of 2028. The project’s sizeable economics sit alongside a A$26.2 million annual loss and a funding task that remains unresolved.

Tennant Minerals has reported a high-grade maiden resource and further strong drilling at its Bluebird copper-gold discovery, but the annual report carries a material uncertainty over the company’s ability to continue as a going concern. A $2.8 million capital raise completed around year-end provides near-term funding, while further exploration and processing studies remain ahead.

Avenira has pushed its first Wonarah phosphate shipment target into the first half of 2027, while its auditor warned that funding remains critical to the company’s survival. The annual report records project progress, but also a $3.34 million loss, $759,415 in year-end cash and a proposed $49 million rights issue.