Public Company News

88 Energy is charging into a defining phase, with a strategic reset now culminating in a long-awaited test of its Alaska engine room. The company's Augusta-1 at South Prudhoe is shaping up as a near-term high-impact well, while Project Phoenix is closing in on a fully funded horizontal flow test. Backed by modern seismic and infrastructure access, the company is shifting towards potential development outcomes.

Triangle Energy has promoted Rory McGoldrick to chief executive officer as part of a broader reset following the spinout of its wholly owned Tetragon Energy. The company will focus on its Perth Basin and United Kingdom gas assets, while progressing the Cliff Head divestment. Former managing director Conrad Todd has shifted to a non-executive role and will lead Tetragon Energy ahead of its planned ASX listing.

Dalaroo Metals has consolidated its hold on the Blue Lagoon critical minerals project in Greenland, successfully transitioning its core exploration licence to granted status. The move gives the company full control over a confirmed 2.7-kilometre mineralised strike. Previous surface sampling at site returned peak values of 0.81 per cent total rare earth oxides. A major de-risking field program is now being fast-tracked for 2026.

Siren Gold has expanded its Queen Charlotte antimony-gold system in New Zealand's Marlborough District to almost eight kilometres of strike, with high-grade surface samples reinforcing scale and continuity. Historical and new sample assays have linked the Endeavour Inlet and Resolution Bay mine areas, suggesting a large, underexplored system rich in both gold and antimony, as the company advances toward drilling approvals.

Augustus Minerals has hit wide gold intersections in first-pass drilling at its Music Well project near Leonora, WA, returning shallow hits including 16m at 1.46g/t gold. The maiden program targeted a compelling gold-in-soil and rock chip anomaly at its Clifton East prospect, which had previously remained untouched despite sitting in one of the state's richest gold districts.

Pilot Energy has commissioned the first module of its Dongara data centre at the Cliff Head plant site near Dongara in Western Australia, marking a significant step in the company's diversification from oil and gas into high-performance computing. Delivered on schedule and within budget with UAE-based partner Kala Data, the initial 0.4MW of computing capacity is now live, with three additional 1MW modules planned for the second half of 2026 to take total capacity to 4MW.

Meeka Metals has boosted its cash to $50.1M despite a weather-hit quarter at its Murchison gold project. The company produced 6083 ounces in the quarter and is now upping the ante by moving into higher-grade underground ore. The transition will see high-grade ore sources at Andy Well and Turnberry bear much of the heavy lifting, with stoping at Andy Well expected to commence this quarter.

Octava Minerals has reported significant polymetallic mineralisation from a maiden diamond drilling program at its Federation project in western Tasmania. Initial results at Sweeney's and Anomaly 1 returned encouraging copper, zinc, tin, silver, indium and antimony intercepts, including a newly recognised antimony zinc lode. The company says the feeder style sulphide system remains open and underexplored

American West Metals has hit a thick 77.65-metre continuous interval of visual zinc and copper sulphides in the first hole of its West Desert campaign in Utah. The hole was a bold 430m step-out from the existing deposit and successfully tested a 4km-long magnetic anomaly, confirming it is associated with mineralisation. The second hole of the program is already underway.

Chariot Resources has edged closer to consolidating its two thirds stake in a massive 254-square-kilometre Nigerian lithium portfolio. The company has officially secured five of its ten targeted licences, prompting a deadline extension to August to finalise the remaining transfers. With spodumene already confirmed at two key project clusters, Chariot is positioning to become a big player in the African battery metals space.

Maritana Minerals has reported a strong March quarter, with cash soaring to $120.6M after positive operating cash flow, major funding and divestment receipts. The coffers swelled even further in April to $233.5M after completing a jumbo capital raising. The company, formerly Horizon Minerals, is progressing early works and engineering for its Black Swan processing hub near Kalgoorlie in WA, targeting first gold production from the plant in mid-2027.

Ora Banda Mining has appointed long-time mining executive John Richards as a non-executive director from 1 May and flagged him to become chair following the retirement of Peter Mansell from the role at the close of the November annual general meeting. Richards brings 40 years of experience in mining and metals and currently serves as the chairman of Sandfire Resources. The company says his appointment supports its next growth phase.