Latest Western Australia News

Solara Minerals has reported a sharply wider FY2026 loss after impairing $3.14 million of exploration assets, while cash fell to $2.03 million. The early-stage explorer expanded its Bryah Basin portfolio but says further funding may be needed to continue exploration.

Empire Resources has expanded its Yuinmery exploration story with new copper, gold and PGE zones, but its FY2026 annual report carries a material uncertainty over whether the company can continue as a going concern. A $4.825 million capital raising lifted cash, yet losses and director-related debt also increased.

Avenira has pushed its first Wonarah phosphate shipment target into the first half of 2027, while its auditor warned that funding remains critical to the company’s survival. The annual report records project progress, but also a $3.34 million loss, $759,415 in year-end cash and a proposed $49 million rights issue.

West Cobar Metals ended FY2026 with more cash but a larger loss and an auditor-highlighted material uncertainty over its ability to continue without further funding. Exploration advanced across Salazar and Cobar West, but the company remains dependent on equity markets to keep its programmes moving.

Falcon Metals has extended mineralised strike at its Blue Moon project beyond 850 metres while increasing exploration spending sharply and raising $30 million after year-end. The results remain exploration-stage, but the company now has substantially more drilling capacity and a second maiden campaign underway in Western Australia.

Pantera Minerals is seeking a low-cost foothold in Western Australia’s Albany Fraser Orogen through the proposed acquisition of the 470km² Corona Gold Project. The tenure carries an 8km historical gold anomaly and untested auger targets, but the evidence remains reconnaissance-stage and the transaction terms contain a share-count discrepancy that investors will want clarified.

Strike Energy is moving from construction into execution, with its 85 MW South Erregulla power project nearing commercial operations and a 251 PJ West Erregulla reserve base underpinning its next gas development. The opportunity comes with a weaker FY26 earnings result, A$111.4 million of net debt and major funding obligations arriving from late 2026.

Catalyst Metals has established about 2Moz of probable Ore Reserves across the Plutonic Gold Belt, enough to underpin a targeted 200koz of annual production for roughly 10 years. The milestone strengthens the company’s growth case, but delivery still depends on mine development, permitting and conversion of additional resources.

Resources & Energy Group has reported a standout 9-metre gold intercept at Goodenough as it prepares a fresh resource estimate. The exploration progress arrives alongside an audited warning that further funding is needed to sustain the business.

Solstice Minerals has extended the Nanadie copper-gold system to at least 1.5km of strike, with deep diamond drilling returning broad mineralisation beyond the current resource boundary. The results include a 169.3m intercept at 0.87% copper and 0.29g/t gold, while more than 40 holes remain awaiting assays.

Redcastle Resources has quantified 6,600 ounces of gold already mined and sitting on its ROM pad, but the inventory remains a Mineral Resource rather than an Ore Reserve. The stockpiles are ready to move, although processing arrangements are still being negotiated and mining is currently suspended.

TG Metals has outlined a preliminary A$26.8 million pre-tax NPV for a low-capital heap leach operation at its Van Uden Gold Project in Western Australia. The economics are striking, but the study remains an early-stage assessment reliant on further drilling, approvals, financing and technical work.