Latest Resources News

Neometals reported high-grade gold and copper intersections at Barrambie during the September quarter, but its cash position remains tight after drawing a A$2 million secured loan. The company estimated only 1.08 quarters of funding and is still pursuing A$5 million in unpaid placement proceeds.

Talius Group returned to positive operating cash flow in the September quarter as revenue, subscriptions and annualised recurring revenue all increased. The next test is converting newly contracted work into active deployments, recurring revenue and cash receipts.

Fletcher Building has secured Fast Track approval to expand and deepen its Hunua Quarry, opening access to approximately 225 million tonnes of greywacke. The consent could support more than 50 years of quarry operations, although the announcement does not quantify development costs, timing or financial returns.

Matsa Resources says all conditions have been satisfied for AngloGold Ashanti’s acquisition of five Lake Carey tenements, putting a further A$45 million payment within 15 business days. The final settlement amount has not yet been received.

Kingsrose Mining has secured the key Finnish approvals needed to advance drilling at Area 6 of its Penikat project, with a January 2027 start still targeted. Appeals remain possible until 20 November, but a separate enforcement order could allow restricted drilling while any challenge is heard.

Antimony Resources has begun processing about 200 tonnes of Chinantla material through its Tecomatlán plant in Mexico, marking its first plant-scale campaign on third-party feed. The result that matters next is not the start-up itself, but whether independent assays validate a saleable concentrate and support continuous operations.

Recharge Metals has secured firm commitments for a $4.1 million placement ahead of its first 30,000-metre drilling campaign at Sunset Well. The raise lifts pro forma cash to approximately $8 million and also funds copper-tungsten work at Brandy Hill South.

Orezone Gold delivered record consolidated production of 59,674 ounces in the third quarter, with both Bomboré and Casa Berardi positioned for stronger output in the final quarter. The company has reiterated its 2026 production guidance despite a seven-day wildfire-related suspension at Casa Berardi.

KGL Resources has approved the final investment decision for its Jervois copper project, moving the Northern Territory development into full execution. About 60% of project costs are under executed contracts, while first concentrate remains targeted for the first half of 2028.

Midas Minerals has identified up to three high-grade copper positions at its Deblin deposit in Namibia, with assays returning intervals of up to 4.89% copper. The expanding target will now be tested with deeper drilling, additional rigs and metallurgical work ahead of a planned maiden resource estimate in early 2027.

DroneShield has reached A$261 million in FY2026 Committed Revenue, sitting at the midpoint of its existing A$250 million to A$270 million outlook. The counter-drone specialist also has A$29 million committed for FY2027 and A$17 million scheduled for FY2028 and beyond.

Estrella Resources has upgraded confidence in its Werumata limestone project, moving 274Mt into the Indicated category after expanding bulk-density data. The total resource falls to 533Mt from 621Mt, but the company says the change reflects revised density assumptions rather than less mineralised rock.