Public Company News

Terrain Minerals says it is closing in on a maiden July mineral resource estimate for its Lightning gold project after ticking off key technical and approvals work. DGPS collar surveys, a topographic drone survey, metallurgical sampling and permitting are all part of the process, while recent IP targeting and test work continue to support the broader Smokebush gold story in WA's Mid West region.

88 Energy Limited says its Augusta-1 exploration well in Alaska is on track for a Q1 2027 spud, with the rig now locked in whilst camp, access planning and logistics are all progressing. The well will test 133.7 million barrels of gross unrisked prospective resources across three stacked reservoir targets, following a 35 per cent uplift in South Prudhoe's total 2U prospective resources announced two days ago.

Aguia Resources has transformed operations at its Santa Barbara project in Colombia, lifting processing head grades to 12 grams per tonne gold. The turnaround came after switching to high-grade, narrow-vein mining methods. With phase one site upgrades fully complete, the company is now rolling out phase two improvements, alongside the start of production at its recently licensed flagship Brazilian phosphate asset.

Corazon Mining has entered a binding agreement to acquire 100 per cent of Westgold Resources' Chalice gold project in Western Australia's Higginsville district. The transformational deal hands Corazon a granted mining lease hosting a high-grade 191,000-ounce gold resource. Backed by a heavily supported A$16.5 million capital raise, the company is launching an immediate 15,000-metre drilling campaign.

Terrain Minerals has kicked off metallurgical testwork at its Lightning gold project in WA's Mid West, where recent drilling has delivered high grade hits including 8m at 6.87g/t gold and 7m at 7.08g/t gold. Early work points to a likely non-refractory feed, implying conventional gravity coarse gold separation and carbon-in-leach processing ahead of a maiden resource estimate in July.

Neometals' latest induced polarisation survey has lit up multiple drill-ready copper targets around the historic Rinaldi workings at its Barrambie project in WA's Mid West, headlined by a standout anomaly stretching more than 300m vertically. The company is preparing to fold copper testing into a June drilling campaign centred on the nearby Ironclad gold prospect, while neighbouring success at Solstice Minerals' Nanadie project adds weight to the broader copper story.

Maritana Minerals will acquire Accelerate Resources' Kanowna East tenure near its Black Swan processing hub and Gordons Dam project while divesting non-core Balagundi ground. The dual transaction, due to complete in the June 2026 quarter, has sharpened the company's Kalgoorlie footprint and preserves future toll treatment optionality.

Estrella Resources has taken to the skies with a cutting-edge drone-borne electromagnetic survey at its Ira Miri manganese project in Timor-Leste. Developed by Expert Geophysics, the high-resolution system can penetrate up to 800 metres below surface to evaluate deep extensions beneath the current open pit. The system acquires near-continuous data at tight five-metre intervals to define high-priority targets for upcoming diamond and reverse circulation drilling campaigns.

Dalaroo Metals has secured two new exploration licences in Greenland at its Blue Lagoon project, tightening its grip on a rapidly emerging district-scale critical minerals system. The expanded footprint strengthens the company's exposure to rare earth elements, zirconium, niobium and hafnium across prospective onshore and offshore targets as it ramps up field programs testing a broader “source-to-sink” geological model.

Ora Banda Mining has massively lifted its gold resource to 3.57 million ounces and more than doubled reserves to 555,000 ounces, driven by strong gains at its Round Dam and Waihi deposits near Kalgoorlie. The company has also approved a new three-million-tonne-per-annum mill and a third underground mine to support its next stage of growth.

Augustus Minerals has received firm commitments to raise $2.5 million to fast-track stage two drilling at its Music Well gold project near Leonora. The raise follows hot on the heels of a successful maiden drill campaign that returned wide intersections, including 32m at 0.9g/t gold. The new funds will be used for a 2,800m reverse circulation and diamond drill program set to kick off in June.

Aguia Resources has hit a major milestone, securing the final operating licence for its Tres Estradas phosphate project in southern Brazil. With mining equipment already mobilised, the company has kicked off operations immediately, transitioning from developer to producer. The move establishes Aguia as a key domestic fertiliser supplier in a region heavily reliant on expensive and disrupted imports.