Latest Operational Testing News

Papyrus Australia moved its banana-fibre technology into early commercialisation during FY26, signing an estimated $4.2 million TBS supply contract and delivering commercial-scale samples. But the company ended the year with $257,077 cash, negative equity and an auditor-flagged material uncertainty over its ability to continue as a going concern.

DeSoto Resources has assembled about 1,300 square kilometres of gold tenure in Guinea’s Siguiri Basin, but the expansion came with a A$15.0 million FY2026 loss and a A$6.35 million write-off of Northern Territory exploration assets. The company enters FY2027 with drilling, geophysics and tenure renewals still to convert its large portfolio into a defined resource.

Larvotto Resources has produced its first gold and antimony concentrate at the Hillgrove Mine in New South Wales, moving the project from plant commissioning towards a production ramp-up. The milestone comes with binding offtake agreements already in place with Wogen Resources and Glencore International AG.

Pan African Resources delivered record FY26 production, earnings and cash generation, moving from net debt to a US$185.7 million net cash position. The gold producer is proposing a record dividend and launching a ZAR500 million buy-back, while warning that FY27 costs will rise as it funds further growth.

American Tungsten & Antimony has started an ahead-of-schedule campaign to produce antimony flake at its Del Sol refinery in Nevada, using material from Arizona. The first physical demonstration of its proposed US mine-to-metal chain could generate samples for customer qualification and government discussions, although the underlying asset acquisition remains incomplete.

Terrain Minerals has recorded gold recoveries of up to 93.7% from first-pass metallurgical testing at its Lightning Gold Project, using a conventional gravity and carbon-in-leach flowsheet. The results reduce a key technical uncertainty, although the work remains preliminary and is based on only three RC chip composites.

TMK Energy says average gas production at its Gurvantes XXXV pilot in Mongolia has risen 11% above August’s daily average, with several wells reaching record rates. The company is now pursuing higher production, a gas-to-power project and regulatory steps to convert its 2C resources into reserves.

Stonehorse Energy has added 262 BOEPD from two new Alberta wells, lifting production from its Drumheller area above 500 BOEPD. Two further wells are online but still cleaning up, while the company plans more drilling before year-end.

Aeris Resources delivered FY26 production within guidance while building a much larger investment program around Tritton, including the Constellation and Mallee Bull developments. The company enters FY27 with no debt, $202 million in cash and receivables, and a sharper test of whether higher spending can convert expanded resources into longer mine life and production.

Echelon Resources delivered a sharp FY26 earnings increase after selling its Cue Energy stake, repaying debt and simplifying its portfolio. The headline profit includes a substantial disposal gain, leaving Palm Valley drilling and Amadeus Basin production to demonstrate the next phase of value creation.

Livium says lithium-ion battery collections in the first two months of FY27 have already surpassed every quarter of FY26, led by 77 tonnes received under its Sell & Parker agreement. The company is also moving towards due diligence with a potential multinational partner for VSPC, while extending its A$0.0082-per-share SPP.

Sunshine Metals says refurbishment of its Mt Moss processing facility in north Queensland remains on schedule for commissioning and first gold in mid-2027. Construction is expected to begin in October or November, subject to final design work, tenders and contracts.