Latest Refining News

Melbana Energy is poised to resume 100% ownership of its Cuban Block 9 after its partner Sonangol defaulted on US$23.5 million in cash calls. Fresh seismic data and well results have refined reservoir understanding, derisking future drilling plans.

Terrain Minerals has completed a critical four-hole diamond drilling program at its Lightning Gold Project, securing key structural and density data that de-risks the upcoming maiden Mineral Resource Estimate scheduled for July 2026. The results confirm continuity of high-grade gold mineralisation, underpinning the project's transition from exploration to resource definition.

Desane Group Holdings has locked in a decade-long lease with a leading national retailer at 322 Norton Street, Leichhardt, underpinning steady rental income and portfolio strength.

Sunshine Metals (ASX:SHN) has delivered strong final assay results from its extensive grade control drilling at Liontown, revealing multiple high-grade gold and silver intercepts that bolster the case for a resource upgrade and a revised mining study scheduled for mid-2026.

RPM Automotive has appointed Roy Norris as its new CEO, replacing Clive Finkelstein who served since September 2024. Norris brings extensive industry experience aimed at steering RPM's strategic growth.

Carnavale Resources has reinforced the high-grade nature of its Kookynie Gold Project with new drilling results, keeping its Bankable Feasibility Study on track for early Q3 2026 completion. The project’s robust economics and resource upgrades underpin growing investor interest.

Axel REE Limited has achieved a key operational milestone in its in situ recovery (ISR) development at the Woolrich deposit within the Caladão Project, confirming strong rare earth element leach performance under low-impact magnesium sulphate conditions.

Nex Metals Explorations is progressing metallurgical test work at its Kookynie Tailings Project, targeting a capital-light gold production pathway and completion of drilling by October 2026.

DeSoto Resources has reported strong gold assay results from artisanal workings at its Timbakouna Project and extensive soil sampling across multiple permits in Guinea’s prolific Siguiri Basin, underpinning plans for follow-up drilling and geophysical surveys.

Great Northern Minerals has confirmed a 1.25-kilometre quartz-stibnite vein at its Catalyst Ridge Project, revealing a vertically zoned system with near-surface antimony, tungsten, silver and deeper gold-silver potential in a prolific US mining belt.

Barton Gold's recent drilling at the Challenger Gold Project has revealed previously unmodelled high-grade gold mineralisation up to 170.7 g/t Au adjacent to historical open pits, boosting prospects for a low-risk operational restart.

Caprice Resources has identified multiple new gold anomalies at its Island Gold Project, setting the stage for deeper drilling follow-up amid a 50,000m program underway.