Latest Papua New Guinea News

Lakes Blue Energy has secured $6.5 million in new capital and is set to begin drilling the Wombat-5 gas well, targeting near-term supply to Victoria’s east coast market. Meanwhile, its Nangwarry carbon dioxide project moves forward with a fully funded feasibility study.

LCL Resources has secured a A$14 million cash deal plus royalty rights by divesting its Colombian projects to Tiger Gold Corporation, while advancing promising exploration programs in Papua New Guinea.

Tolu Minerals reports significant progress at its Tolukuma Gold Mine, unveiling infrastructure upgrades and a $14.3 million exploration program aimed at boosting production and extending mine life.

St Barbara Limited reports steady gold production and strong financials while progressing the Simberi Expansion Project, though a PNG tax dispute delays funding decisions.

RocketDNA reported steady revenue for the June 2025 quarter while significantly expanding its autonomous drone services across Australia, Africa, and Papua New Guinea. New contracts and operational milestones underscore its growing footprint in mining and government sectors.

Geopacific Resources has launched a major drilling campaign at its Woodlark Gold Project, unveiling high-grade surface results and new exploration targets, while St Barbara Limited moves to become a strategic shareholder.

Advanced Braking Technology Ltd (ABT) posted a robust FY25 with sales up 27% and underlying profits nearly doubling, driven by strong international demand and innovation milestones.

Augustus Minerals has signed a Heritage Protection Agreement with the Watarra Aboriginal Corporation, clearing the way for heritage surveys and imminent drilling at its promising Music Well Gold Project near Leonora, WA.

Kingston Resources has completed the $95 million sale of its Misima Gold Project, bolstering its balance sheet and enabling accelerated growth at its Mineral Hill mine in NSW. The company reports strong operational progress and promising high-grade drilling results.

Ardea Resources is progressing its Kalgoorlie Nickel Project with a fully funded Definitive Feasibility Study by Sumitomo Metal Mining and Mitsubishi Corporation, aiming to deliver a long-life, low-cost nickel-cobalt supply from Australia’s largest resource.

Canterbury Resources advances its flagship Briggs Copper Project with a near-complete scoping study and imminent deep drilling, while expanding exploration across Queensland and Papua New Guinea.

Streamplay Studio Limited has posted a positive operating cash flow for the first time since its acquisition-led growth strategy began, buoyed by strong game launches and a new multi-year licensing agreement with Amazon.