Latest Zimbabwe News

Zimplats delivered a sharp FY2026 earnings rebound, with revenue up 57% and profit after tax rising to US$276.7 million. The result was driven mainly by stronger PGM prices, while lower sales volumes, higher unit costs, no dividend and rising sulphur dioxide emissions temper the celebration.

Invictus Energy has entered FY2027 with A$10.89 million in cash and a funded November drilling target, but its annual report warns that further financing may be required to continue operations. The company also reported a wider A$6.54 million loss for FY2026.

Ariana Resources has re-released its Dokwe drilling update after adding JORC disclosures, leaving the underlying results unchanged. The announcement reports broad gold intercepts, eight tonnes of samples sent to China for feasibility-level metallurgical testing and further work aimed at advancing the Zimbabwe project’s DFS.

Invictus Energy has awarded SLB a key well services contract for the Musuma-1 exploration well in Zimbabwe, adding another operational piece ahead of a planned November 2026 spud. Wellpad construction is progressing and Exalo has begun readiness work on Rig 202.

Ariana Resources has reported broad and high-grade gold intercepts from metallurgical and exploration drilling at its Dokwe project in Zimbabwe. The company has now shipped eight tonnes of samples to China for feasibility-level metallurgical testwork, while further drilling and DFS work remain ahead.

Zimplats Holdings reported a strong FY2026 with revenue climbing 57% to US$1.3 billion and profit before tax soaring 484% to US$387.5 million, driven by higher metal prices, increased ore volumes, and improved operational efficiency.

Advanced Braking Technology Ltd (ASX: ABV) posted a 22.7% revenue increase to $23.48 million and a 16.6% rise in net profit after tax to $2.075 million for FY26, driven by international expansion and advances in autonomous braking technology.

Invictus Energy has locked in a revised drilling contract with Exalo Drilling for the Musuma-1 exploration well, confirming a November 2026 spud date at Zimbabwe's Cabora Bassa Project. Preparations including rig maintenance, well services procurement, and wellpad construction are advancing steadily.

Ariana Resources has sold its remaining 9.9% stake in the Kiziltepe mine for US$3.7 million, boosting cash reserves to A$39 million and sharpening focus on its flagship 1.6Moz Dokwe Gold Project in Zimbabwe.

Invictus Energy has cemented its position in Zimbabwe's Cabora Bassa Basin with a landmark Petroleum Production Sharing Agreement and is progressing well towards drilling the high-impact Musuma-1 exploration well, backed by a fresh A$10 million capital raise.

Ariana Resources reports steady progress at its Tavşan gold mine in Türkiye with ramp-up completed and operational enhancements ongoing, while moving to simplify its Turkish portfolio by planning a sale of its Kiziltepe interest.

Tyranna Resources is divesting its Namibe Lithium and Caesium Project in Angola to Sinomine Resource for US$1.44 million, redirecting capital to its newly acquired Chinguar Gold Project.