Latest Refining News

Papyrus Australia has arranged a further $500,000 in unsecured loan facilities from four sophisticated investors, with conversion to unsecured convertible notes subject to shareholder approval at the 2026 AGM.

Nex Metals Explorations and Wangkatja Tjungula Aboriginal Corporation’s joint venture is set to acquire the East Scotia Gold Project, adding a strategically located asset with promising geology and minimal recent exploration to their portfolio.

Kincora Copper has accelerated exploration activities across its Australian portfolio, including partner-funded drilling with AngloGold Ashanti and sole-funded programs at Condobolin, while divesting its Mongolian assets for US$10 million to sharpen focus and strengthen its balance sheet.

Osmond Resources has reinforced the continuity of high-grade critical minerals at its Orión project in Spain, with drill hole SOR-07A delivering promising assay results. The company is on track to release its maiden Mineral Resource Estimate and Scoping Study by Q3 2026, supported by robust mineral processing testwork and a new Frankfurt listing.

Antares Metals has intersected copper mineralisation in all six holes of its maiden drilling at Conglomerate Creek Target 2, validating its geological model and setting the stage for further exploration in a prolific copper region.

Eminence Minerals is ramping up its Campo Grande drilling campaign in Brazil, adding two fresh high-priority targets to test rare earth and bauxite-gallium mineralisation models, while awaiting assay results from earlier drilling phases.

Challenger Gold has raised A$85 million and revamped its leadership to accelerate development of the Hualilán Gold Project, shifting from toll treatment to an integrated mining and processing operation backed by a new 35,000-metre drilling campaign.

GBM Resources has validated a major extension of the gold-bearing Milled Matrix Breccia horizon well beyond the existing 309 deposit at Twin Hills, Queensland, reshaping the project’s exploration potential.

Accelerate Resources has identified over 200 manganese outcrops spanning nearly 10 hectares at its Woodie Woodie North Project, with rock-chip assays hitting up to 58.4% manganese. The company is gearing up for its maiden reverse circulation drilling campaign in September 2026.

Podium Minerals has secured a $4 million underwritten share purchase plan to fund advancing metallurgical work and site rehabilitation at its Parks Reef PGM Project, following a significant step-change in concentrator performance.

Avira Resources has confirmed strong high-grade gold mineralisation continuing at depth at its Mt Cattlin Gold Project in Western Australia, with standout assay results from its maiden RC drilling program at Maori Queen. The company plans further drilling to test extensions and new prospects from September 2026.

FleetPartners has granted limited due diligence access to SG Fleet, Element Fleet Management, and ORIX following their indicative takeover proposals, signalling a cautious but open approach to potential acquisition bids.