Latest Refining News

GBM Resources has reported a successful Stage 1 drilling campaign at its Twin Hills gold project in Queensland, revealing significant high-grade gold mineralisation beyond existing resources. The company also advanced its portfolio strategy by divesting non-core assets and securing a substantial capital raise.

Rincon Resources has advanced its strategic partnership with Greatland Resources through a staged farm-in and joint venture agreement, while delivering promising drilling results that extend the Hasties gold-copper deposits near the Telfer mine.

DeSoto Resources has advanced its exploration in Guinea’s Siguiri Basin with a new JV alongside Fortuna Mining and impressive high-grade gold intercepts, supported by a recent $14 million capital raise.

Enegex Limited has reported promising gold exploration results in Côte d’Ivoire and Western Australia, supported by a $5 million capital raise and strategic board appointments.

Develop Global Limited reports strong December quarter progress with Woodlawn mine commissioning on track, a major contract win, and a significant value uplift at Sulphur Springs ahead of a mid-2026 investment decision.

Ampol Limited reports a robust fourth quarter Lytton Refiner Margin of US$15.14 per barrel, underpinning a strong preliminary FY25 earnings update with an expected EBIT of approximately $945 million.

Beforepay Group reported a 17% rise in advances and an 18% increase in revenue for Q2 FY26, while profit fell sharply due to holiday-season defaults and strategic investments.

Australian Mines Limited reports strong gold drilling results at its Boa Vista project in Brazil and initiates new scandium-nickel-cobalt drilling in NSW, supported by a $4 million capital raise to accelerate exploration.

Finder Energy Holdings has completed the acquisition of the Petrojarl I FPSO, a critical step that de-risks the KTJ Project and accelerates its path to a Final Investment Decision expected by mid-2026. The company also secured A$25 million in funding and achieved a significant resource upgrade.

Strategic Elements Ltd reports steady progress in its cutting-edge ventures across automation, AI, and material science, supported by a strong cash position and government-backed innovation incentives.

Cosmo Metals has identified two promising volcanic massive sulphide targets within the Mt Everest – Mona corridor at its Bingara Project, setting the stage for the first drilling campaign in this historically underexplored VMS belt.

Auric Mining Limited has reported a standout December quarter, delivering strong gold production and cashflow from its Munda Gold Mine while advancing key projects at Burbanks and Lindsay’s.