Latest Refining News

Synlait Milk is on track to refinance its senior bank facilities by June 30, 2026, replacing a $130 million shareholder loan from Bright Dairy with a new two-year loan. The company reported a preliminary net loss of $12 million for the first four months of 2026, reflecting operational headwinds and the recent North Island asset sale.

Ryman Healthcare has launched a NZ$100 million fixed rate bond offer maturing in 2032, aiming to refinance existing debt and diversify its funding sources. The offer includes an exchange mechanism for existing bondholders, with trading in current bonds to be suspended during the transition.

Advance Metals Limited’s first diamond drill hole at the Gavilanes Project in Mexico has intersected a substantial high-grade silver zone, reinforcing plans for a JORC resource upgrade later in 2026 amid ongoing drilling.

South32 advances its stake in Hammer Metals’ Isa Valley project with a A$3 million exploration commitment, while Sumitomo Metal Mining Oceania signals withdrawal from the Bullrush joint venture.

Almonty Industries has announced a $700 million convertible senior notes offering due 2031, aiming to refinance existing debt and fund corporate initiatives amid rising tungsten demand.

Aureka Limited's latest high-resolution drone magnetic survey over its Irvine Gold Project has unveiled several new high-priority exploration targets, with ongoing diamond drilling aimed at expanding its 304koz JORC resource. The engagement of renowned geologist Dr Barry Murphy signals a strategic push to decode the project's complex structural geology.

Meridian Energy has secured a draft decision allowing greater access to Lake Pūkaki’s hydro storage contingent reserves, with plans to moderate usage amid supply risk concerns.

Right Resources’ drilling at the Pilot Project in Tumbarumba validates a large Reduced Intrusive Related Gold System, with assays highlighting low grades in the transitional halo but confirming the presence of a substantial mineralised footprint. The high-grade core remains untested, marking a key exploration focus.

Ballymore Resources has raised $4.7 million through a fully subscribed entitlement offer and a further placement, boosting funds for drilling and discovery at key Queensland projects.

Lac Gold has reported standout high-grade gold intersections at its Astoria deposit within the Rouyn Gold Project, including a blistering 0.5m intercept grading 1,580g/t Au. These results underpin a structurally complex, large-scale orogenic system and come as Phase 2 drilling ramps up.

Yojee Limited has secured Wayfinder Cargo Solutions as its second commercial customer for the MOSAIC freight forwarding platform, marking full operational coverage across all freight modes and directions ahead of its full commercial launch.

American West Metals has reported exceptional assay results from resampling historical drill core at its West Desert Project in Utah, revealing high-grade indium, copper, zinc, silver, and lead. The new data expands known mineralised intervals and supports ongoing drilling and government engagement.