Latest Northern Territory News

MGX Resources reported a $20.8 million half-year loss, driven by a major rockfall at Koolan Island that halted mining and triggered a $60 million asset impairment. The company is pivoting towards gold with its recent acquisition of a 50% stake in the Central Tanami Project.

Tivan Limited has initiated comprehensive geophysical surveys across its Molyhil Tungsten and Sandover Fluorite Projects, aiming to refine exploration targets and guide drilling in 2026. The program includes advanced airborne and ground surveys designed to reveal new mineralisation beneath cover.

Tivan Limited has taken significant steps forward at its 100% owned Molyhil Tungsten Project, awarding major engineering contracts and preparing for a maiden drilling program aimed at expanding its resource base.

Tamboran Resources Corporation reported a 26% reduction in half-year losses as it progresses key natural gas projects in Australia’s Beetaloo Basin and prepares for a major acquisition of Falcon Oil & Gas Ltd.

Tamboran Resources has appointed Todd Abbott as CEO and made significant progress in drilling and infrastructure development in the Beetaloo Basin, aiming for first gas sales in the third quarter of 2026.

Tivan Limited’s maiden drilling at the Sandover Fluorite Project has delivered ultra high-grade fluorite assays, confirming a robust mineralised system with promising metallurgical qualities. The company is gearing up for a significant follow-up drilling campaign to expand resource definition.

Encounter Resources is set to launch a major 2026 exploration program at its Jessica Copper Project in the Northern Territory, partnering with South32 to test multiple high-potential copper targets identified through recent geophysical surveys.

Westar Resources outlines ambitious 2026 exploration plans across Western Australia and the Northern Territory, focusing on gold and base metals with new drilling and sampling programs.

PC Gold Limited has raised approximately A$24 million through a placement led by institutional investors, including a A$5 million cornerstone from Macquarie Bank, to accelerate exploration and development at its Spring Hill Gold Project.

MGX Resources has completed its $50 million acquisition of a 50% stake in the Central Tanami Gold Project, positioning itself for a major push in one of Australia's highest-grade gold ventures.

Litchfield Minerals has confirmed thick, continuous copper and zinc mineralisation at its Oonagalabi Project, with standout drill results reinforcing the system's scale and potential. The company plans further drilling and geophysical work to target higher-grade zones and expand the mineralised footprint.

Orpheus Uranium Limited has raised $4.36 million through a share placement anchored by IsoEnergy’s $1.5 million investment, aiming to accelerate uranium exploration across three Australian states.