Latest Trucks News

Forrestania Resources has increased the British Hill JORC Mineral Resource Estimate by 21% to 212,400 ounces of gold, with higher-confidence Indicated ounces rising 37%. Drilling is continuing, but the project remains at the resource and study stage rather than production.

Bass Oil’s Bunian 6 well has confirmed oil in a previously unproduced zone, with the company targeting a potential threefold increase in Tangai-Sukananti field production. August sales also improved as Cooper Basin exports resumed, while Vanessa and Kiwi advanced toward future gas development.

The Colonial Motor Company (NZX:CMO) increased shareholder profit, lifted its annual dividend and sharply reduced borrowings and inventory in 2026. The New Zealand automotive group is entering a more difficult trading period, however, with price pressure, new-brand competition and a chair transition ahead.

Tesoro Gold has established a maiden 1.28 million-ounce JORC Ore Reserve at Ternera in Chile, entirely within a single open pit. The reserve gives the El Zorro project a 13-plus-year production base, but the next test is funding and permitting a development still at PFS stage.

Western Gold Resources has sharply expanded the proposed Gold Duke mine, lifting its production target by 62% and forecasting A$72.9 million in operating surplus. The preliminary study is stronger on paper, but still depends on funding and the restart of toll treatment at Wiluna.

Estrella Resources has expanded its Timor-Leste exploration footprint by 100km2 while securing conditional approval to export a 100-tonne manganese sample to an Indonesian customer. The company is also preparing 3,000 metres of drilling and a possible upgrade to part of its 621Mt Werumata limestone resource.

Charger Metals has mobilised an RC rig for a 10,000m programme aimed at expanding and upgrading confidence in its 10.6Mt Medcalf lithium resource. The work is funded by the $3.752 million cash sale of the Bynoe Lithium Project and comes as Charger commits to a scoping study at Lake Johnston.

Manuka Resources has reported several high-grade, shallow gold intersections from its Pipeline Ridge drilling campaign, led by 32 metres at 7.98 grams per tonne. The results support a maiden resource estimate, but metallurgy, true widths and resource classification remain unresolved.

Latitude 66’s KSB project has returned a striking preliminary economic case, with a post-tax NPV8 of US$485 million and an 85% IRR at a US$3,500 per ounce gold price. The opportunity remains unbuilt, unfunded and subject to further study, permitting and a production target containing 10% Inferred Resources.

Oceana Metals has begun its first rare earths-focused drilling campaign at Serra Negra in Brazil, targeting a high-grade central corridor ahead of a maiden JORC resource estimate. The program starts with two rigs and is backed by A$8.16 million in cash plus a further $12.6 million from a July placement tranche.

Cobre has secured two ore supply agreements that could add about 300 tonnes of copper cathode a month from Q4 2026, without changing its existing production guidance. The deal is designed to lift utilisation of the under-used Sierra Atacama plant while the company transitions from underground to open-pit mining in 2027.

Sky Metals has identified high-grade tungsten mineralisation at the Theirman Mines Prospect, 20 kilometres north of its Tallebung project in NSW. The results validate historical sampling and move the prospect towards drilling within weeks, although the evidence remains limited to surface rock chips.