Latest Victoria News

Bubalus Resources has raised $1.5 million through a discounted share placement to fund exploration across its Victorian gold and Northern Territory critical minerals projects, with drilling programs set to commence imminently.

Aureka Limited has forged a capital-light land access deal and welcomed RDI Mining as a strategic partner, enhancing its exploration capabilities at key Victorian gold projects.

Aureka has reported compelling high-grade gold assay results from its ongoing drilling at the Irvine Project in Victoria, revealing a newly identified Resolution Footwall Vein and extending known mineralisation beyond the current resource boundary.

Adavale Resources has launched a technically advanced second phase drilling campaign at its London-Victoria Gold Mine, aiming to expand the gold resource beyond current estimates. Led by new Managing Director David Ward, the program builds on promising initial results and structural insights.

Falcon Metals has reported compelling high-grade gold assay results from its Blue Moon drilling program near the historic Bendigo Goldfield, revealing wide mineralised quartz zones and visible gold that underscore the project's potential.

North Stawell Minerals has raised $500,000 through a strategic share placement to fund ongoing gold exploration projects in Victoria’s Stawell Mineralised Corridor, reinforcing its position for growth into late 2026.

Big River Industries Ltd (ASX, BRI) is set to acquire John’s Building Supplies, a leading Western Australian distributor, in a $17 million deal that promises immediate earnings accretion and strategic growth in the WA market.

Metcash Limited reported a marginal rise in sales revenue to $8.48 billion for 1H26, with underlying EBITDA up 2% driven by Food pillar growth, while EBIT declined 2.4% amid challenges in Liquor and Hardware segments. The Board declared an interim fully franked dividend of 8.5 cents per share.

DGL Group reported a modest revenue increase in FY25 but faced a sharp decline in profitability, compounded by an auditor’s disclaimer and ERP rollout delays impacting FY26 start.

Delorean Corporation marks a pivotal shift to build-own-operate bioenergy projects with the completion of its $53 million Yarra Valley Water facility and strong progress on its SA1 Salisbury project, backed by $51.5 million in financing and robust market demand.

Bubalus Resources has confirmed a gold-bearing system at its Crosbie North prospect in Victoria following a maiden drilling program, with assays up to 1.32 g/t gold. The company is preparing for further drilling in 2026 to explore previously inaccessible targets and expand on these promising results.

Vysarn Limited has reported record FY25 profits and is aiming for a 33% NPBT increase in FY26, driven by acquisitions and progress on the Kariyarra Water Scheme. The company is expanding its national footprint amid growing water demand in mining and infrastructure sectors.