Latest Refining News

Native Mineral Resources Holdings Limited (NMR) has made significant progress on its Charters Towers Gold Project, completing key plant refurbishments and securing $15.9 million in funding to support a planned gold production restart in Q3 2025.

MAC Copper Limited reported steady Q1 2025 copper production amid rising costs but strengthened its balance sheet through a significant debt refinancing, positioning itself for a 23% production increase by 2026.

Rumble Resources advances its Western Queen Gold-Tungsten Project towards late 2025 production through a joint venture with Bain Global and MEGA Resources, while reporting significant high-grade gold and tungsten assay results. The company also expands its portfolio by acquiring 100% of the Thunderstorm Gold Project and initiates a scoping study on the Earaheedy Zinc-Lead-Silver Project.

Astral Resources has updated its Mandilla Gold Project resource to 1.43 million ounces and completed the acquisition of Maximus Resources, positioning itself for a major development milestone with a Pre-Feasibility Study due in June 2025.

Top End Energy has completed its strategic acquisition of Serpentine Energy, significantly expanding its natural hydrogen footprint in Kansas and advancing towards its first well drilling, while also progressing exploration in Australia’s Northern Territory.

Pancontinental Energy reports a significant 3.8 billion barrels of net prospective oil resources at its Saturn Complex in Namibia’s PEL 87, advancing farmout talks and environmental approvals for exploration drilling.

Middle Island Resources completed analysis of its maiden drilling at the Georgina Project and secured three new exploration permits in Queensland, while renewing its board with two new directors post-quarter.

Battery Minerals Ltd has launched comprehensive geophysical and geochemical programs at its El Aguila Gold-Silver Project in Argentina, setting the stage for maiden drilling in Q3 2025 pending approvals.

James Bay Minerals reports a maiden JORC Mineral Resource Estimate of approximately 1.7 million ounces gold equivalent at its Independence Gold Project in Nevada, alongside the start of metallurgical testing and a new drilling campaign targeting resource growth.

Botala Energy has secured a mining licence for its Serowe CBM Project and signed a binding LNG offtake agreement with South Africa’s SCAW, marking a pivotal step toward commercial production and regional energy supply.

Octava Minerals reports promising high-grade antimony intercepts at Yallalong and confirms extensive rare earth and lithium mineralisation at Byro, with metallurgical testwork now underway.

Industrial Minerals Ltd has reported promising progress in its high purity quartz beneficiation and ore-sorting trials at the Pippingarra Pegmatite Project, with growing interest from Asian markets and potential new co-products enhancing project economics.