Latest Permitting And Funding News

Latitude 66’s four exploration permits covering the KSB Project in northern Finland are now legally final after no further appeal was lodged by the deadline. The decision removes a regulatory obstacle as the company advances a project with a 650,000-ounce gold resource and a preliminary post-tax NPV8 of about US$485 million.

Rumble Resources has strengthened the development case for Western Queen with an underground-optimised resource, a projected A$133 million in free cash flow and a potential tungsten revenue stream. High-grade gold-copper drilling at Munarra Gully adds exploration momentum, but financing, approvals and feasibility work remain ahead.

Metals Australia has advanced feasibility, permitting and funding work at its Lac Carheil graphite project while establishing a 45.7Mt Manindi VTM resource. The progress sits alongside a modest A$2.575 million cash balance and no disclosed financing facilities.

Andean Silver has expanded drilling to six rigs at Cerro Bayo while preparing a resource update and Scoping Study for early 2027. The Chilean project also delivered a new 2km silver-gold exploration target, backed by A$70.5 million in cash after a A$40 million placement.

Anson Resources has secured the final major approval for its planned 10,000 tpa Green River lithium plant, while reporting independently confirmed battery-grade product and approximately US$406.5 million of conditional Utah incentives. The project has moved closer to financing, but the incentives are post-performance and Anson says further funding is still required.

Astral Resources has moved its Mandilla development closer to a definitive feasibility study while extending drilling at Theia and adding 281,000 ounces to its Spargoville resource base. The company ended September with A$59 million in cash after spending A$7.6 million during the quarter.

Southern Palladium’s Bengwenyama project has emerged from its latest study with a sharply higher forecast value, a 30-year mining right and a much larger chrome contribution. The development case is stronger, but the project still requires permits, external funding and further technical confirmation.

Alurion Resources has moved its Amargosa bauxite project into a field development program after completing its A$50 million IPO and ASX listing. Drilling, bulk sampling and logistics work are now feeding a direct-shipping-bauxite pre-feasibility study targeted for mid-2027.

Australian Mines has moved its Flemington scandium project into a larger pre-feasibility study while Boa Vista drilling adds a second growth track. But the FY2026 annual report also records a A$7.1 million loss, A$5.0 million in impairments and a material uncertainty over continued funding.

Energy Transition Minerals has completed the acquisition of the Penouta tin, tantalum and niobium mine in Spain and is advancing the studies and permits needed for a potential restart. The company ended September with A$28.93 million in cash, equivalent to 8.4 quarters of funding at the latest reported spending rate.

Bulletin Resources has shifted its exploration focus further towards Lake Rebecca after reporting a $569,632 loss for the year, with Chifley drilling pointing to a possible concealed gold source but stopping well short of a discovery. The company ended June with $13.5 million in cash and listed investments, although its exploration portfolio still carries permitting and funding risks.

Rox Resources has accelerated underground development and advanced construction at Youanmi, with the processing plant 39% complete and first gold still targeted for mid-2027. The project is now fully permitted and funded facilities have begun drawing, although construction spending and one major contract remain in focus.