Latest Permitting News

Kingsrose Mining is entering FY27 with A$18.1 million in cash, a fresh CEO and a portfolio that now depends more heavily on permitting, partnerships and capital discipline. The company’s nearest-term opportunity is Penikat drilling in Finland, while its Norwegian projects require new routes to funding or value realisation.

Grand Gulf Energy has reported a sharply wider FY2026 loss after impairing $15.03 million of Red Helium exploration assets. The auditor also flagged material uncertainty over the company’s ability to continue without further capital.

Strata Minerals has shifted from broad exploration to a Zelica-centred Western Australian gold strategy, pairing strong drilling results with a proposed capital-light mining pathway funded by BML Ventures. The opportunity is growing, but the company remains loss-making and warns that further funding may be required to continue as a going concern.

Evion Group has moved its flagship Maniry graphite project into the development stage and secured a binding German offtake terms sheet, but its FY2026 accounts carry a material going concern warning. The company also faces an unpaid A$730,000 placement shortfall as it funds graphite, fluorspar and downstream expansion plans.

Nordic Resources increased its FY2026 loss as it accelerated exploration in Finland, drilling nearly 11,500 metres across its gold projects and ending the year with A$8.48 million in cash. The next test is whether drilling, metallurgy and permitting can turn a growing resource base into a mine development case.

Zeus Resources has reported high-grade surface antimony results in Morocco while moving to acquire a copper-gold project in Mauritania. The exploration story is advancing, but the audited accounts flag a material uncertainty over the company’s ability to continue as a going concern.

Sovereign Metals has expanded Kasiya into a potential rutile, graphite and heavy rare earths project, with a rare earths study adding an estimated US$722 million of pre-tax NPV8. The opportunity comes with a sharper execution challenge: Rio Tinto will not become operator, while Sovereign still needs a mining licence, binding offtakes and substantial funding.

Equatorial Resources has completed the final procedural steps in its high-value Congo arbitration, with an ICSID award indicatively expected in the first half of 2027. The cash-backed explorer is also defending a separate A$4.85 million claim from former legal adviser Clifford Chance.

Astral Resources has strengthened its balance sheet and expanded its Mandilla gold resource as it moves from explorer toward developer. The next test is converting deep drilling, permitting progress and a proposed early-production joint venture into funded construction decisions.

Aurum Resources has extended gold mineralisation beyond the current resource at its BST1 deposit, with standout intercepts including 2.63 metres at 76.74 g/t gold and 24 metres at 6.31 g/t. The results will feed into a Boundiali resource update targeted for early Q4 2026 and a definitive feasibility study due late this year.

WIN Metals has lodged two major Western Australian permit applications covering the proposed restart of its Radio Gold Project. The milestone advances the project toward construction, but funding, approvals and a final investment decision remain outstanding.

MetalsGrove Mining has expanded its Côte d’Ivoire gold footprint and begun a 10,000-metre auger campaign, but its FY2026 annual report carries a material going-concern uncertainty. The company ended the year with $1.97 million in cash after raising $2.70 million, while exploration commitments due within 12 months total $1.09 million.