Latest Refining News

Strata Minerals has initiated its inaugural diamond drilling program at the Penny South Gold Project in Western Australia, supported by a co-funded deep drill hole from the WA Government. This marks a pivotal step in exploring extensions of gold mineralisation near the high-grade Penny Mine.

Eden Innovations Ltd has announced a non-renounceable entitlement offer to raise approximately $5.7 million, issuing new shares at $0.035 each alongside free options exercisable at $0.07. The capital raise aims to support business expansion and debt reduction.

OD6 Metals has successfully produced high-quality rare earth products from its Splinter Rock project, positioning itself for premium market payability and strategic global partnerships.

Redcastle Resources is progressing its Queen Alexandra gold project from scoping to pre-feasibility study preparation, focusing on closing critical data gaps and exploring funding options to accelerate development.

Kingsland Minerals has revealed breakthrough metallurgical test results at its Leliyn Graphite Project, identifying muscovite mica as the primary host of high-grade gallium mineralisation. This discovery opens the door to producing a valuable gallium by-product, potentially enhancing the project's economics amid soaring global demand.

Asra Minerals has initiated a 2,000-meter aircore drilling program targeting extensions of historic high-grade gold mineralisation at its Leonora South Gold Project in Western Australia.

FMR Resources has refined a significant copper porphyry drill target at its Southern Porphyry prospect in Chile, setting the stage for Phase I drilling early in Q4 2025. Integrated geophysical data and historic drillhole analysis underpin this high-priority exploration push.

Tartana Minerals has secured an additional $0.5 million in non-dilutive financing with plans to refinance into convertible notes, pending shareholder approval at the upcoming AGM.

Hawthorn Resources corrects its ASX announcement to include detailed Mineral Resource Estimates and confirms the Competent Person for its Anglo Saxon Gold Project. The company has also initiated an 8,000m drilling program aimed at expanding and de-risking the resource.

Nagambie Resources has completed a $1.2 million capital raise to fund diamond drilling at its Nagambie Mine, targeting a recent high-grade gold-antimony discovery and updating its mineral resource estimate.

Summit Minerals reports promising initial soil sampling results at its Equador Project in Brazil, revealing a 4km-plus geochemical anomaly and a newly discovered niobium-tantalum bearing pegmatite outcrop. These findings validate and extend the company’s ‘Fractionated Pegmatite Corridor’ model, setting the stage for targeted drilling and further metallurgical testing.

Beonic Limited has raised A$3.74 million through convertible notes, anchored by its largest shareholder, to accelerate growth, refinance debt, and support a major North African project.