Latest Refining News

Tempest Minerals reports promising initial metallurgical test results from its Remorse Iron discovery in Western Australia, highlighting high-grade iron concentrate with low impurities. Further results are anticipated to refine the project’s development potential.

Somerset Minerals has significantly expanded its footprint in Nunavut’s Coppermine copper region, acquiring 458 km² to become the largest landholder and gearing up for a maiden drilling campaign.

Miramar Resources has reported significant initial aircore drilling results at its Gidji JV Project near Kalgoorlie, extending the high-priority Blackfriars gold target and confirming extensive supergene mineralisation beneath a paleochannel.

Chilwa Minerals has validated a significant swarm of carbonatites enriched with rare earth elements at its Lake Chilwa project, with ongoing diamond drilling underway and assay results expected soon.

AJ Lucas Group has extended and increased its senior debt facility to $50 million, fully repaid its junior loan, and secured a shareholder loan extension with lower interest rates, positioning the company for reduced financing costs and future growth.

Farm Pride Foods has locked in a $27.57 million financing deal with NAB, refinancing existing debt and backing key capital projects to strengthen its growth trajectory.

Arika Resources has expanded its drilling program across its Yundamindra and Kookynie gold projects to 10,000 metres, leveraging a recent $5 million capital raise and securing a versatile drill rig to accelerate exploration.

Australian Vanadium’s subsidiary VSUN Energy reports improved cost competitiveness for Project Lumina’s vanadium flow battery system, positioning it strongly in Australia’s growing long-duration energy storage market.

DeSoto Resources has expanded its gold-in-soil anomaly at the Dadjan Gold Project to 3.6km and reported promising high-grade gold zones at Timbakouna, reinforcing the prospectivity of its extensive landholdings in Guinea’s Siguiri Basin.

Macquarie Group reported a 5% rise in full-year net profit to A$3.715 billion for FY25, driven by growth across its diversified businesses and a solid capital position. The group’s assets under management reached A$941 billion, supported by strong home loan and deposit growth.

Tempest Minerals has announced its inaugural inferred resource estimate for the Remorse Magnetite Iron Deposit at the Yalgoo Project, marking a key step towards development with 63.5 million tonnes at 30.6% iron grade.

Gorilla Gold has reported further high-grade gold intercepts from extensional drilling at its Lakeview Prospect, revealing shallow mineralisation extending over 1000 metres along strike. Diamond drilling and environmental surveys are underway to support resource growth at the Comet Vale Project.