Latest Resource Extraction News

Buru Energy is actively pursuing funding for its 2026 drilling campaign to validate resources at the Rafael Gas Project, aiming for a Final Investment Decision in the second half of 2026 and first cashflow by 2028.

Boom Logistics has appointed Lester Fernandez as its permanent Managing Director and CEO, entrusting him to lead the company through its next phase of growth with a strong focus on safety and operational excellence.

Winchester Energy has commenced production from its Varn JVU-5 well in Texas, marking a significant step in its waterflood project with an initial oil output of 25 barrels per day.

Flagship Minerals has achieved a critical milestone with the approval of the ENAPAC Ruta Este desalination pipeline, securing a sustainable water supply for its Pantanillo Gold Project in Chile’s Maricunga Gold Belt. This development significantly reduces a major operational risk as the company advances its resource upgrade and project studies.

Group 6 Metals has materially improved its debt position by converting warrants under its April 2025 recapitalisation plan, signaling renewed shareholder confidence and operational momentum.

Carnavale Resources has significantly upgraded its Kookynie Gold Project with a new resource estimate and scoping study, underpinning strong economics and a clear path to production. A $3 million placement and a $4.09 million entitlement offer support advancing to a Bankable Feasibility Study in 2026.

Javelin Minerals has signed a pivotal Land Use Agreement with the Marlinyu Ghoorlie group and expanded its mining lease application, setting the stage for gold production at the Eureka Project by mid-2026.

Ausgold Limited has completed a $35 million capital raising and acquired critical freehold land, resolving a long-standing legal dispute and enabling a re-optimisation of its Katanning Gold Project mine plan. This strategic move sets the stage for an extensive drilling campaign and advances the project toward a final investment decision in mid-2026.

Broken Hill Mines has commenced mining and processing of the high-grade Blackwoods ore body at its Rasp Mine ahead of schedule, boosting exposure to precious metals amid soaring silver prices.

Australian Vanadium Limited has received a $4.9 million milestone payment from the federal government, advancing its integrated vanadium project aimed at supporting domestic battery energy storage solutions.

Carnavale Resources’ updated Scoping Study for the Kookynie Gold Project reveals a doubling in project value and robust economics, supporting a five-year mine life with 93,000 ounces of gold production.

Auric Mining has completed a strategic acquisition of nickel rights, water assets, and a mining camp from WIN Metals, enhancing operational control at its Munda Gold Mine.