Latest Water News

WIN Metals has lodged two major Western Australian permit applications covering the proposed restart of its Radio Gold Project. The milestone advances the project toward construction, but funding, approvals and a final investment decision remain outstanding.

Cobalt Blue has cleared important technical and regulatory hurdles at its Kwinana refinery, but the pre-revenue developer says further funding is needed and auditors flagged material uncertainty over its ability to continue as a going concern. The company reported an A$8.797 million loss for FY2026 despite ending the year with A$4.265 million in cash.

Comet Ridge now controls the entire Mahalo Gas Hub after completing its Santos buyout, but the annual report flags a material uncertainty over funding and a potential $28.7 million CleanCo settlement. The company is targeting a final investment decision while remaining pre-production and reliant on further finance.

Unico Silver has secured approximately A$60 million from institutional and sophisticated investors, taking pro forma cash to about A$110 million. The capital will fund 20,000 metres of drilling, a maiden PFS due in January 2027 and continued advancement of a DFS through 2027.

Brookside Energy has started stimulation work on two wells at its Suttles Pad in Oklahoma, with 64 stages planned before drill-out, flowback and production. The milestone brings the company’s approximately 70% working interest in the development closer to first sales, although no production date or volume guidance was provided.

Bannerman Energy has moved its Etango uranium project materially closer to construction after completing a A$124 million placement and clearing conditions for its CNOL strategic investment. The project is advancing on site, but full-scale construction still depends on Final Investment Decision and completion of the joint venture documentation.

Wia Gold has moved Kokoseb from exploration into a proposed mine development backed by a 1.95 million ounce Probable Ore Reserve, A$217 million in equity raised since May and indicative US$360 million debt terms. The funding pathway is substantial, but it still depends on permits, lender approvals and final documentation before construction can fully proceed.

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.

PTR Minerals has identified water-bearing aquifers at all three paleochannel targets tested at its Rosewood Titanium Project, addressing a key requirement for its proposed gravity-based processing operation. The company has also cleared access for infill drilling and broader exploration in South Australia.

VBX has secured $4.5 million in firm placement commitments and agreed to convert a further $2.5 million of loan notes, giving the Wuudagu bauxite project funding through its delayed feasibility study. The company has also abandoned a proposed $10 million offtake-linked facility while it tests alternative development funding options.

PTR Minerals has confirmed water-bearing aquifers at all three palaeochannel targets tested near its Rosewood Titanium Project, supporting the proposed gravity-based processing route. The result improves the project’s water supply outlook, but yield, quality and long-term sustainability still require testing.

Australian Mines has appointed a specialist consultant team to complete the pre-feasibility study for its Flemington Scandium Project, targeting delivery in the first quarter of 2027. The study will retain a 60-tonne-per-year scandium oxide reference case while testing production scenarios of up to 180 tonnes per year.