Latest Refining News

Litchfield Minerals' recent VTEM survey at the Oonagalabi project has identified five conductor clusters with fourteen Priority 1 sulphide targets, setting the stage for a significant drilling campaign starting mid-September.

Universal Store Holdings delivered a robust FY25 performance with strong sales growth and margin expansion, driven by its Universal Store and Perfect Stranger brands. Despite a statutory profit hit from impairment charges, the company is optimistic about FY26 growth backed by new store openings and digital investments.

Sierra Nevada Gold (ASX – SNX) has qualified to bid for exploration licenses in Saudi Arabia’s Arabian Shield, leveraging its regional expertise to tap into a promising new frontier aligned with the Kingdom’s Vision 2030.

Titan Minerals has revealed significant new gold and silver mineralisation extensions at its Dynasty Gold Project in Ecuador, boosting prospects for resource growth and mine development.

Diablo Resources is progressing exploration at its Phoenix Copper Project in Utah, targeting copper mineralisation near the producing Lisbon Valley Mine. Assay results from ongoing drilling and sampling are expected soon, supported by streamlined US permitting.

Kingsland Minerals has achieved a major milestone with 99.97% purified spherical graphite from its Leliyn project, positioning itself as a key supplier for EV battery materials. The company is advancing processing optimisation and preparing for a September scoping study.

Brambles Limited reported a 10% rise in underlying profit for FY25, driven by operational efficiencies and digital initiatives, while announcing a US$400 million share buy-back for FY26. The company’s transformation program underpins a confident outlook despite macroeconomic headwinds.

VEEM Ltd posted a 15% revenue decline and a 57% net profit drop for FY25, reflecting cyclical defence contract impacts. The company secured a $65 million ASC contract extension and continues investing in R&D and automation to drive future growth.

Bayan Mining and Minerals Limited has reported a breakthrough in its exploration at the Bayan Springs South Project in Nevada, revealing gold grades up to 8.25 g/t and strong Carlin-type geochemical signatures. The company is now advancing towards geophysical surveys and drill planning to unlock the project’s potential.

Perseus Mining has formalised key agreements with Tanzania to advance its Nyanzaga Gold Project, targeting first gold production in early 2027. The project promises low-cost output and robust returns amid ongoing resource expansion efforts.

Golden Deeps Ltd has reported exceptional high-grade copper, silver, zinc, lead, and germanium results from surface sampling at its Graceland Prospect in Namibia, doubling the mineralised strike length and setting the stage for targeted drilling.

Octava Minerals reports impressive initial bioleaching recoveries of critical rare earth elements and lithium from its Byro Project, highlighting a promising, low-cost extraction pathway.