Latest Production Optimisation News

ADX Energy has secured A$3.58 million through a discounted placement to fund multi-zone testing at its HOCH-1 gas discovery in Austria, follow-up drilling, and offshore Sicily exploration amid Europe's tight gas market.

Lotus Resources has completed key acid plant repairs at its Kayelekera uranium mine, targeting production restart in early August 2026 and steady-state output by late year. The company also formalised a binding commitment with Mercuria for a US$30 million prepayment facility amid ongoing funding negotiations.

Anson Resources has appointed Baker Hughes to lead critical wellfield engineering for its Green River Lithium Project, advancing plans for a 10,000 tonne per annum lithium carbonate operation in Utah.

Galan Lithium has finished commissioning at its Hombre Muerto West project in Argentina, processing its first lithium chloride and aiming for product sales in the second half of 2026. The company is also preparing to expand production capacity by 30% in early 2027.

Xstate Resources has confirmed a significant over-pressured Permian gas and condensate discovery at its Diona-1 well in Queensland, with ongoing flow testing revealing promising transient gas responses constrained by hydrostatic fluid columns.

Tartana Minerals revises its corporate presentation to clarify prior disclosures while spotlighting a $4.5 million capital raise to boost copper sulphate production and expand drilling across its Far North Queensland portfolio.

Pure Resources has launched an integrated Defence Materials Platform Strategy for its Garnet Hills Project, leveraging US government collaborations to diversify from commodity mining into advanced defence supply chains.

Pacgold has confirmed new shallow gold mineralisation at its Vertigo deposit within the White Dam Project, suggesting a potential increase to its Mineral Resource Estimate. Infill drilling results support upgrading resource confidence, with further drilling planned to refine the resource and support mine planning.

Cann Group’s CEO Jenni Pilcher steps down after leading a dramatic debt reduction and cost overhaul. Chairman Mike Ryan takes interim charge as the company hunts for a new CEO.

Nexsen Limited has cleared a major FDA regulatory hurdle for its StrepSure rapid Group B Streptococcus test, confirmed a clear 510(k) submission pathway, and secured over A$1.7 million in non-dilutive grants to expand clinical validation and market rollout in Asia-Pacific and neonatal diagnostics.

Stonehorse Energy Limited reported steady operational and financial performance for Q1 2026, driven by successful drilling in Canada and solid oil and gas production across its North American portfolio.

Argent BioPharma has finalized the acquisition of CannPal Animal Therapeutics, securing a Phase 3 veterinary epilepsy asset with near-term commercial prospects and an option to acquire the Neuvis® drug delivery platform, enhancing its neurological portfolio and U.S. market ambitions.