Latest Refining News

Patronus Resources (ASX – PTN) reveals a robust financial position with $81 million in cash and investments against a $106 million market cap, underpinned by 2.3 million ounces of gold equivalent resources across Western Australia and Northern Territory.

Terrain Minerals has wrapped up a significant 4,995m drilling campaign at its Smokebush Gold Project, with assay results expected in September 2025. The company is simultaneously advancing exploration across multiple Australian projects targeting gold, gallium, copper, lithium, and rare earth elements.

S2 Resources has identified a significant copper-palladium-platinum-gold soil anomaly at its West Murchison project, with drilling approvals secured and exploration poised to advance.

WA1 Resources has successfully produced high-purity niobium oxide and ferroniobium from its Luni Niobium Project, highlighting the asset's potential to supply critical materials for aerospace, defence, and emerging battery markets.

Catalina Resources has reported promising wide gold mineralisation from its first reverse circulation drilling at the Laverton Project, Western Australia, signaling a potentially large intrusion-hosted gold system. Follow-up drilling is underway to explore strike and depth extensions.

Babylon Pump & Power has locked in a $21.15 million debt facility with NAB to refinance existing loans and support recent acquisitions, positioning the company for expanded operations.

The Star Entertainment Group has terminated its binding Heads of Agreement with joint venture partners over Brisbane and Gold Coast developments, retaining its assets but incurring significant repayment and reimbursement obligations.

Magmatic Resources and Fortescue have agreed on a $3.5 million exploration budget for FY25-26 at the Myall Project, focusing on extensive drilling to unlock copper-gold potential. Early results highlight promising mineralisation at the Calais prospect, setting the stage for accelerated exploration.

Whitebark Energy has confirmed a substantial update to its prospective hydrocarbon resources in South Australia's Officer Basin, with an independent assessment revealing 4.3 trillion cubic feet of gas and 1.3 billion barrels of liquids across key permits.

Zenith Minerals has kicked off its Phase 1 drilling campaign at the Dulcie Far North gold prospect, setting the stage for a larger exploration push later in 2025 aimed at expanding its mineral resource base.

Antipa Minerals reports significant assay results from its CY2025 Phase 1 drilling at the Minyari Gold-Copper Project, revealing substantial resource extensions and new discoveries. With Phase 2 drilling and a Pre-feasibility Study underway, the company is advancing towards a potential standalone gold development.

DeSoto Resources has secured a new reconnaissance permit for the Syncerus Gold Project in Guinea’s prolific Siguiri Basin, significantly expanding its exploration ground to over 1,000 square kilometres. The company is poised to accelerate fieldwork, leveraging a proven mineral systems approach to target multi-million-ounce gold deposits.