Latest Resources News

Basin Energy's maiden drilling at Newmans Prospect outlines a 3.3 km corridor of magnet rare earth mineralisation, validating a preserved-weathering exploration model and identifying two priority target zones for follow-up.

Pan African Resources PLC has delivered a 5.6% increase in gold production to 196,527 ounces for FY25, alongside a 60.5% jump in adjusted EBITDA to US$226.6 million. The group’s strategic acquisition of Tennant Mines in Australia and the early commissioning of the Mogale Tailings Retreatment operation mark significant milestones in its growth trajectory, underpinned by a robust sustainability and governance framework.

Magnetic Resources NL has completed its takeover by Genesis Minerals, with shares transferred and consideration paid. Magnetic will delist from the ASX on 23 June 2026.

Etherstack's North American arm has landed a US$0.83 million follow-on deal with Codan subsidiary Daniels Electronics, extending a major contract from late 2023. The revenue is expected to be recognised fully in FY26, reinforcing the company’s growth trajectory.

Whitefield Industrials delivered a $21.1 million net profit for FY2026, upheld its long-standing dividend track record, and outperformed its benchmark despite geopolitical tensions and market volatility.

Peel Mining's acquisition by Aeris Resources has cleared its final legal hurdle, with the Supreme Court of NSW approving the scheme of arrangement. Peel shares will suspend trading from 22 June, with implementation slated for 1 July 2026.

Renascor Resources has begun processing graphite through its hydrofluoric acid-free purification flowsheet at its Adelaide demonstration plant, marking a key milestone in its sustainable battery materials strategy.

The court-approved scheme for Pan African Resources to acquire Emmerson Resources has taken effect, leading to Emmerson shares being suspended and shareholders set to receive Pan African CDIs.

Minbos Resources has secured a US$13.8 million Phase 2 construction contract with Grupo Arliz, marking a pivotal step toward completing its Cabinda Phosphate Fertilizer Plant in Angola. With key equipment already on site and funding in place, the project moves closer to operational readiness.

Critical Minerals Group (ASX: CMG) has secured $1.5 million through a discounted two-tranche placement to accelerate its vanadium electrolyte strategy, including feasibility studies and offtake negotiations.

Axel REE has confirmed that its Woolrich deposit in Brazil is amenable to in situ recovery (ISR) using a mild magnesium sulphate solution, recovering high-grade rare earths with low impurities. This breakthrough supports the design of field-scale ISR tests planned for late 2026.

ClearVue Technologies has secured A$6 million through a $5 million institutional placement and a fully underwritten $1 million Share Purchase Plan, aiming to bolster its balance sheet and fund international expansion and product development.