Latest Resources News

Eastern Gas Corporation Limited is set to raise $5.5 million through an IPO to fund drilling and flow testing at its Queensland gas exploration permits, aiming to prove commercial viability in the Surat and Cooper Basins.

Aeris Resources has reported a robust half-year performance with a 62% jump in profit, a successful $101.6 million equity raise, and a strategic divestment of North Queensland assets. The company also announced plans to acquire Peel Mining’s South Cobar Copper Project, signaling an aggressive growth trajectory.

Reward Minerals confirms historic high-grade copper mineralisation and expands exploration targets at its Copper Lance Project in Newfoundland, revealing promising new copper-gold prospects along an 8km magnetic trend.

Paterson Resources has reported high-grade, shallow gold mineralisation from the second batch of assays at its Grace Gold-Copper Project, confirming promising results that exceed initial expectations and pave the way for an expanded drilling program.

Ausmon Resources has reported encouraging partial pXRF results from its recent drilling program at the Beelitz Prospect in South Australia, highlighting potential for rare earth elements. Full laboratory assays are underway to refine resource estimates and guide future exploration.

Olympio Metals has secured binding agreements to acquire two historically high-grade silver and antimony projects in the US, backed by a $3 million capital raise including vendor participation.

Greenwing Resources has significantly enhanced the economics of its Que River Project following a sharp rise in key metal prices, nearly doubling projected cash flows and advancing a two-stage development plan.

Felix Group Holdings reports a 35% increase in half-year losses to $3.3 million, driven by strategic acquisition and enterprise growth. The company’s revenue rose 33%, supported by the Nexvia acquisition and expanding vendor marketplace.

Bass Oil has received a $3.5 million grant from the South Australian Government to fund pipeline construction for its Kiwi liquids rich gas project in the Cooper Basin, marking a key step towards production by 2028.

Stonehorse Energy is advancing its Canadian footprint with a CAD 1.85 million investment in the second well of a promising three-well program in Alberta’s Drumheller area, targeting production start in early Q2 2026.

EQ Resources has refinanced €15 million of debt for its Spanish subsidiary through a three-year prepayment facility and locked in a five-year tungsten sales agreement valued at A$678 million.

MEC Resources updates investors on the recent Federal Court hearing concerning the judicial review of the PEP 11 permit extension refusal, with a decision now pending. The outcome could significantly impact MEC’s investee Advent Energy and the broader exploration landscape.