Latest Refining News

Gale Pacific has reported a stronger-than-expected first half for FY26, delivering EBITDA of $5.7 million and positive operating cash flow despite challenging market conditions. Strategic restructuring and cost efficiencies are driving improved financial health.

Centaurus Metals has achieved a key milestone with the granting of the Jaguar Nickel Sulphide Project mining lease and bolstered its copper-gold portfolio through the acquisition of the Rio Novo tenure, setting the stage for accelerated development and exploration in Brazil’s Carajás Mineral Province.

GreenX Metals has raised A$13.6 million through a share placement to fund exploration at its Tannenberg Copper Project in Germany and Eleonore North Gold and Antimony Project in Greenland, reinforcing its balance sheet for 2026.

Volt Resources has made significant strides in its US graphite refinery project and secured major funding for its Bunyu Graphite Mine in Tanzania, positioning itself strongly in the critical minerals sector.

Australian Vanadium Limited has made significant strides in its integrated vanadium project, advancing its feasibility study and securing key environmental approvals while preparing to bid for a major Western Australian battery storage project.

American Rare Earths has successfully produced Mixed Rare Earths Oxide from its Halleck Creek ore, marking a key technical milestone. The company also updated its resource estimate and strengthened leadership as it advances towards becoming a major U.S. rare earths supplier.

Diablo Resources has pinpointed nine priority drilling targets at its Star Range Silver-Antimony-Copper Project in Utah, with the standout North Star prospect boasting exceptional surface grades and extensive mineralised trends.

PhosCo Ltd has reported outstanding assay results from its KM Prospect within the Gasaat Phosphate Project in Tunisia, setting the stage for a maiden Mineral Resource Estimate this quarter. These high-grade phosphate intercepts promise to enhance the project's economics ahead of an updated Scoping Study.

Infini Resources has identified a significant extension of conductive trends at its Reitenbach Lake uranium project, boosting confidence ahead of a maiden drill campaign planned for mid-2026.

GBM Resources has reported a successful Stage 1 drilling campaign at its Twin Hills gold project in Queensland, revealing significant high-grade gold mineralisation beyond existing resources. The company also advanced its portfolio strategy by divesting non-core assets and securing a substantial capital raise.

Rincon Resources has advanced its strategic partnership with Greatland Resources through a staged farm-in and joint venture agreement, while delivering promising drilling results that extend the Hasties gold-copper deposits near the Telfer mine.

DeSoto Resources has advanced its exploration in Guinea’s Siguiri Basin with a new JV alongside Fortuna Mining and impressive high-grade gold intercepts, supported by a recent $14 million capital raise.