Latest Processing News

Bougainville Copper’s half-year loss widened to K13.4 million as operating cash outflows accelerated and a one-off partner termination fee added to costs. The company also faces continuing uncertainty over its rights to the Panguna mine after its exploration licence was subordinated to a new 25-year mining lease.

Otto Energy has strengthened its balance sheet and lifted FY2026 profit despite falling production, setting up a proposed A$20 million return of capital. The catch is that reserves are declining, asset-sale plans remain unresolved and part of the cash remains tied to offshore obligations.

Larvotto Resources has moved Hillgrove from commissioning into revenue-generating operations, shipping its first 68 tonnes of antimony concentrate to offtake partner Wogen Resources. The delivery satisfies a condition for an initial payment, while the company prepares its first gold concentrate shipment.

Javelin Minerals has advanced its proposed all-scrip takeover by FirstAU while securing Eureka’s final mining approval and reporting further gold intersections. The deal offers a broader exploration portfolio, but the loss of Eureka’s processing pathway and a cash runway of about 2.57 quarters remain material constraints.

QEM has completed its move into Idaho, acquiring the Big It and Garden Valley projects and outlining staged exploration of historical tungsten, antimony, gold and rare-metal targets. The company ended September with $3.98 million in cash while keeping major Julia Creek expenditure on hold.

Locality Planning Energy has returned to statutory profit and sharply reduced borrowings, but its next test is converting a large contracted pipeline into active service points. The company has given no numerical FY2027 guidance and is operating under an interim leadership structure while it searches for a permanent CEO.

MB Gold has secured up to $220,000 in Western Australian government co-funding for a 2,000-metre diamond drilling campaign at its Murphy Well Prospect. The program will test three previously untested geophysical anomalies, with assays expected in the first quarter of 2027.

Delorean is repositioning itself from an engineering contractor into an owner and operator of renewable gas infrastructure, with five projects representing $214 million of stated total capital expenditure. The near-term test is whether it can close funding for NSW1 while bringing its largely completed Salisbury plant into revenue.

Alara Resources’ independently audited reserve statement supports about eight more years of production at its Oman copper mine, with 7.70 million tonnes classified as Probable Ore Reserves. The update also reveals the limits of the mine plan: the licence expires before the scheduled mine life ends, while several technical studies remain unfinished.

Dundas Minerals has secured firm commitments for a $2.88 million placement to fund drilling and exploration across its Kalgoorlie and Romano gold projects. Forrestania Resources chairman David Geraghty will invest $750,000 and emerge with a 5.57% stake, while directors have committed a further $235,000 subject to shareholder approval.

Podium Minerals has improved flotation recovery at its Parks Reef PGM project to 67% while maintaining overall concentrator recovery near 80%, with a smaller targeted downstream circuit. The September quarter also delivered the full A$4 million underwritten raising and a proposed Australia-US processing partnership, though both the flowsheet and funding pathway still require further validation.

Strata Minerals has established a maiden JORC 2012 resource of 42,000 ounces at its Zelica Gold Project in Western Australia, with 68% classified as Indicated. The resource provides a technical base for further drilling and development studies, but does not yet represent an Ore Reserve or confirmed mining operation.