Latest Victoria News

Dart Mining has entered a $3.4 million option agreement with Infinity Lithium to divest its non-core Victorian exploration assets, enabling Dart to sharpen its focus on Queensland projects while Infinity expands in Victoria.

Adavale Resources has identified additional exploration targets at its Parkes Project and remains on track for maiden drilling in Q2 2025, reinforcing its position in the highly prospective Lachlan Fold Belt.

Cleanaway Waste Management reported a 3.7% revenue increase to $1.94 billion for the half-year ending December 2024, while profit after tax remained flat at $74.2 million amid operational challenges including a significant fire at its St Marys facility.

Iluka Resources has released its inaugural Mineral Resource estimate for the Goschen South deposit in Victoria, revealing a substantial 630 million tonnes grading 3.7% heavy minerals. This discovery positions Iluka to significantly enhance feedstock supply for its pioneering rare earth refinery at Eneabba.

Iluka Resources posted a solid 2024 performance with stable market conditions and sound margins despite inflationary pressures, while progressing key projects like Balranald and Eneabba.

Antilles Gold Limited is raising $1 million through a share and option placement to support working capital and development of its Nueva Sabana copper-gold mine in Cuba.

Waratah Minerals has initiated diamond drilling at its Spur Gold-Copper Project in New South Wales, targeting promising porphyry copper-gold-molybdenum mineralisation at the Breccia West Prospect. This move follows recent high-resolution magnetic surveys that have refined exploration targets and aims to deepen understanding of the region's epithermal-porphyry link.

Environmental Clean Technologies Limited (ECT) has raised $750,000 through a two-tranche placement to fund its innovative COLDry Fertiliser Project and pursue strategic acquisitions, alongside key board changes.

Adavale Resources is set to launch a detailed geochemical survey at its Ashes and Myalls prospects within the Parkes Project, aiming to refine drilling targets in a highly prospective gold-copper region.

Big River Industries reported a 3.3% revenue decline and a 26% drop in EBITDA for 1H FY25, reflecting ongoing residential market challenges. Despite this, the company is investing in growth and operational efficiencies, maintaining a cautiously optimistic outlook for FY26 and beyond.

HMC Capital has reported a record half-year performance with pre-tax operating earnings soaring 240% to $202 million, driven by robust asset growth and strong returns across its diversified platforms.

Big River Industries reports a 3.3% revenue decline in 1H FY25 but shows signs of operational resilience and strategic progress amid challenging market conditions.