Latest Resource Assessment News

Australian Oil Company (ASX:AOK) has kicked off Phase 1 development in Queensland's Surat Oil Basin, completing well interventions at Emu Apple-1 and revising plans for Riverslea-3 to boost production and exploration.

Bayan Mining has partnered with The University of Queensland to push forward its patented yttrium processing technology, aiming to validate and optimise the process using Australian rare earth feedstocks and support pilot-scale development.

Strike Energy’s Walyering West-1 well delivered a stabilised gas flow of 11 MMscf/d from the C1 sand, confirming a clean, condensate-rich gas accumulation near existing infrastructure in the Perth Basin.

Bindi Metals has kicked off its first diamond drilling campaign at the Ravni Gold Project, targeting a promising 2km mineralised corridor with high-grade gold results and strong geophysical anomalies.

Xstate Resources reports promising early production from its Diona-1 well in Queensland, with gas and condensate flowing during the flow-back phase following stimulation.

88 Energy has locked in a fully earned 20% stake in Namibia's PEL 93, eliminating $15 million in future funding obligations and sharpening its exploration focus with new technical data and regional activity.

Condor Energy has advanced its offshore Peru exploration with a new Raya West prospect, lifting its unrisked prospective resources above 3.3 billion barrels, while moving to 100% ownership of TEA 86 to streamline licence conversion and partnerships.

Nimy Resources has identified significant extensions to its high-grade gallium deposit at Mons Block 3 and shipped test material to the US as part of a strategic partnership. A scoping study is underway to evaluate mining and processing economics, while regional exploration continues across multiple targets.

Condor Energy has wrapped up its Technical Evaluation Agreement work programme ahead of schedule, reinforcing the multi-billion barrel oil and gas potential in Peru's Tumbes Basin and setting the stage for licence conversion and strategic partnerships.

Resolute Mining and Guinea’s state-owned Nimba Mining Company have signed a landmark MoU to jointly explore and potentially develop gold projects, marking a significant step in Guinea’s mineral diversification.

Vita Resources has unveiled a commissioned re-evaluation of its ICE Copper-Gold Project in Yukon, revealing significant silver, cobalt, and indium mineralisation that upgrades the project to polymetallic status. This fresh insight sets the stage for expanded exploration and resource assessment.

Metal Bank Limited has entered a non-binding MOU with Austral Resources to explore toll treatment of ore from the Millennium Project at Austral’s nearby Rocklands facility, aiming to advance a promising copper-cobalt-gold resource in NW Queensland.