Latest Operational Updates News

Fitch Ratings has maintained Karoon Energy’s credit ratings while revising its outlook to Negative, citing operational disruptions and production decline risks despite solid liquidity and manageable debt. Karoon is actively working on restoring production at key assets with updates expected in its upcoming quarterly report.

Native Mineral Resources (ASX:NMR) has delivered strong diamond drilling results at its Blackjack Mine, Queensland, confirming and exceeding previous gold grades. Mining has resumed with ore processing underway, supported by new infrastructure and ongoing development.

Sheffield Resources reported a fire at its Thunderbird Mineral Sands Mine feed preparation plant during maintenance, causing limited damage and no injuries. Operations resumed within two days after safety checks.

Emu NL's EMUOA securities have been suspended from trading by the ASX, pending compliance with listing rules. This move affects only the EMUOA class and signals regulatory scrutiny ahead of the company's next steps.

Paladin Energy has lifted its uranium production guidance for FY2026 at the Langer Heinrich Mine, citing strong ramp-up progress and improved processing metrics. The company also trimmed capital expenditure forecasts while maintaining sales and cost outlooks amid geopolitical uncertainties.

Contact Energy Limited has issued 4.99 million shares at NZ$9.42 each as scrip consideration to acquire a stake in King Country Energy. The shares will be escrowed for 12 months, marking a strategic expansion without a capital raise from existing shareholders.

Horizon Oil has crossed the crucial 50.1% acceptance threshold in its off-market bid for Cue Energy, removing a key condition from the offer. Meanwhile, the Mereenie joint venture suspends planned drilling after gas sales talks with Northern Territory’s Power and Water Corporation expire.

Freehill Mining’s aggregate materials sales surged in March, with quarterly sales up 60%, while the company prioritises mine planning and permitting for its Blanco y Negro copper-gold project.

Contact Energy’s March 2026 report reveals a solid rise in electricity and gas sales alongside a notable decline in generation costs, driven by increased renewable output and strong hydro storage levels.

Haranga Resources has almost finished a 3,270m underground diamond drilling program at its Lincoln Gold Project in California, uncovering visual evidence of gold mineralisation repeating at depth. Assay results and a maiden JORC Mineral Resource Estimate are expected soon, alongside new exploration targets.

Promisia Healthcare lifted its group-wide care occupancy to 94% in March 2026, driven by a strong turnaround at Nelson Street and steady performances at key sites. The company also nears completion of its Ranfurly Manor care suite sales program and greenlights solar panel installations to curb energy costs.

NT Minerals targets ASX reinstatement by acquiring the Endeavour Project via Slipstream Paynes Find, backed by a $810,000 entitlement offer and a planned share consolidation.