News

17 July 2026 | Western Australia - Regis Resources has released its FY27 production and cost guidance, forecasting stronger group gold production across its Duketon and Tropicana operations.

The company expects group production of 360,000 to 400,000 ounces in FY27, comprising 240,000 to 270,000 ounces from Duketon and 120,000 to 130,000 ounces from its 30% interest in Tropicana.

Group all-in sustaining cost guidance has been set at $2,990 to $3,390 per ounce, including approximately $88 per ounce of non-cash stockpile movements.

Regis said Duketon production is expected to be higher than FY26 and slightly weighted toward the second half of the year, driven by higher production from Garden Well and Rosemont.

Why it matters: Regis is looking to take advantage of the strong gold price environment by using excess mill capacity at Moolart Well to process lower-margin but still profitable ounces, without deferring higher-margin production from the Garden Well and Rosemont mills.

The company said this approach is expected to increase gold production and deliver greater overall free cash flow in the current gold price environment.

At Tropicana, production guidance is slightly lower year-on-year due to lower open pit ore production at Havana, resulting in a higher proportion of lower-grade stockpile mill feed compared with FY26.

Regis has guided FY27 growth capital of $250 million to $270 million, including continued development of the Rosemont Stage 3 underground project, which is expected to enter commercial production in late FY27. The guidance also includes pre-strip work for several new open pits expected to ramp up in the second half of FY27.

The company has also planned $80 million to $90 million in exploration spending, reflecting what it describes as compelling opportunities across its portfolio.

Regis expects to spend $30 million to $35 million on the McPhillamys Project during FY27, in line with work required to support a Final Investment Decision in the first half of calendar year 2028.

For Australia’s gold sector, Regis’ guidance points to continued investment in production growth, underground development, open pit expansion and exploration across a major operating portfolio.

Source: Regis Resources ASX announcement, “Stronger Production Outlook Lifts FY27 Guidance”, 17 July 2026.

16 July 2026 | Western Australia - Lunnon Metals has reported its best month to date at the Lady Herial gold open pit, located within the Kambalda/St Ives gold district in Western Australia.

During June 2026, the company mined and delivered more than 62,000 tonnes at 1.73 g/t gold, containing 3,473 ounces of gold, to Gold Fields’ St Ives operation.

Lunnon said it received approximately $12.0 million from Gold Fields for June gold mined, compared with direct Lady Herial operating costs of approximately $3.0 million for the month, excluding GST and based on unaudited figures.

To date, nearly 207,000 tonnes at 1.59 g/t gold has been delivered to Gold Fields, containing 10,561 ounces. Under the ore purchase agreement, this has yielded 9,613 ounces of gold at the agreed 91% metallurgical recovery.

Why it matters: Lady Herial has become an important cash generator for Lunnon Metals, with the company reporting an estimated cash balance of more than $21 million at 30 June 2026.

The open pit remains on schedule, with operations expected to finish in August or September 2026. At the end of June, approximately 90% of the total pit volume had been mined and 66% of the gold had been delivered.

The company said total mining volumes and the waste-to-ore ratio are expected to reduce as the pit approaches completion, which should further improve operating margins over the remaining months.

Managing Director Edmund Ainscough said Lady Herial had recharged the company’s cash position, reinvigorated the team and put Lunnon in a strong position to pursue further discoveries across its 23km² landholding in the heart of the St Ives gold camp.

Lunnon said the A$ gold price applicable to June ore deliveries was $6,027.14 per ounce, while the average gold price realised to date is $6,429 per ounce, still above the level modelled in the company’s Feasibility Study.

For Western Australia’s gold sector, Lady Herial is a strong example of a smaller, near-term open pit delivering cashflow quickly through nearby processing infrastructure and an ore purchase agreement with an established operator.

Source: Lunnon Metals ASX announcement, “Lady Herial Gold Open Pit Update”, 16 July 2026.

15 July 2026 | Western Australia - Corazon Mining has identified additional high-grade gold mineralisation outside the current Mineral Resource at its Chalice Gold Project in Western Australia.

A systematic review of historical drilling has highlighted multiple intercepts outside the current 191,000oz at 2.7 g/t gold JORC 2012 Mineral Resource.

Near-surface intercepts outside the current resource include:

• 4.0m at 8.84 g/t gold from 55m
• 3.0m at 7.38 g/t gold from 28m
• 3.0m at 4.89 g/t gold from 35m
• 2.0m at 4.39 g/t gold from 24m

Corazon also identified deeper unmodelled intercepts beneath and beyond the existing underground workings, including:

• 5.1m at 2.44 g/t gold from 578.6m
• 6.9m at 2.36 g/t gold from 581.9m
• 3.8m at 4.03 g/t gold from 514.3m
• 5.0m at 2.45 g/t gold from 291m

Managing Director Simon Coyle said the review identified a coherent near-surface zone close to the current pit design, as well as a second zone extending high-grade mineralisation below the existing resource.

Why it matters: Chalice is an advanced WA gold project on a granted Mining Lease in the Higginsville region, one of Western Australia’s most productive gold districts.

The newly identified near-surface mineralisation sits close to the existing pit design and may provide a priority target for low-cost open pit expansion, subject to further drilling and technical work.

Corazon is now finalising plans for an initial 10,000m Phase 1 drilling program, targeted to commence in Q3 CY2026. The program will initially focus on the near-surface priority zone, with additional areas to be tested as planning advances.

The company is also reviewing cut-off grades and pit shell assumptions in light of the current gold price environment, which is materially higher than the assumptions used in the existing resource estimate.

For Western Australia’s gold sector, Chalice adds another brownfields resource growth story, with historical data review now feeding directly into a near-term drilling campaign.

Source: Corazon Mining ASX announcement, “Chalice Data Review Identifies Additional Gold Mineralisation South of Pit and Outside Underground Workings”, 15 July 2026.

15 July 2026 | Western Australia - Kalamazoo Resources has completed the Mt Olympus Resource Definition Drilling Program at its 100%-owned Ashburton Gold Project in Western Australia, with new assays continuing to show broad, high-grade gold mineralisation.

The completed program included 72 holes for 13,726m, with results now received for almost half of the holes.

The latest assays included a strong intercept of:

• 31m at 5.2 g/t gold from 49m, including 15m at 7.5 g/t gold from 53m

Across the first 34 holes reported, Kalamazoo said the program has returned 16 significant intercepts above 50 gram-metres, supporting continuity of broad, high-grade mineralisation within the Mt Olympus system.

The company said the infill drilling has reduced drill spacing to around 20m by 20m, supporting potential conversion of additional Inferred Resources into the higher-confidence Indicated category.

Why it matters: Mt Olympus is the foundation deposit within Kalamazoo’s 1.44Moz Ashburton Gold Project, located about 35km south-east of Paraburdoo.

The drilling has confirmed mineralisation within the existing resource extents and also intersected mineralisation beyond the current resource envelope, but still within the conceptual Scoping Study pit shell. This could support future growth in mining inventory.

Kalamazoo is targeting an updated Mineral Resource Estimate in Q4 2026, followed by a Pre-Feasibility Study in Q1 2027.

The company has also commenced underground resource growth drilling at Mt Olympus, targeting extensions beneath and down-plunge of the current Scoping Study pit. Additional drilling is also continuing at the nearby high-grade Peake Deposit.

For Western Australia’s gold development sector, Ashburton remains a project to watch, with resource definition complete, growth drilling underway and the project moving toward a PFS.

Source: Kalamazoo Resources ASX announcement, “Significant Milestone Achievement in Mt Olympus Drilling Program”, 15 July 2026.

15 July 2026 | Western Australia - Evergold Minerals has completed its maiden 2026 RC drilling program at the Duchess of York Prospect, part of its Mt Monger Gold Project near Kalgoorlie, with final assays confirming further broad and high-grade gold mineralisation.

The final batch of results included the highest-grade intercept ever returned from Duchess of York:

• 25m at 3.47 g/t gold from 3m, including 1m at 52.74 g/t gold from 9m
• 6m at 5.43 g/t gold from 29m, including 2m at 12.25 g/t gold
• 2m at 4.46 g/t gold from 45m

The completed maiden RC program also returned previous standout intercepts including 22m at 1.80 g/t gold, 19m at 1.48 g/t gold, 3m at 5.11 g/t gold and 2m at 7.90 g/t gold.

Evergold said the program confirmed broad and high-grade zones of gold mineralisation, extended known mineralisation into previously untested areas and demonstrated that the system remains open at depth.

Why it matters: Duchess of York is Evergold’s most advanced prospect at Mt Monger, a highly prospective gold district located close to existing processing infrastructure.

The company said gold is associated with sulphide-bearing quartz veins, with pyrite, arsenopyrite, galena and sphalerite observed during logging. The mineralisation is interpreted as bulk-tonnage in style, with potential for higher-grade shoots within the broader system.

Evergold is now preparing a 10,000m-plus regional aircore drilling program across Mt Monger, with drilling scheduled to commence at Duchess of York next week. The program will test extensions and offsets at Duchess of York, as well as regional targets including Gladiator, Samurai, Hickman’s Find, Tiger Lily, Captain Hook, Crusader and Paladin.

For Western Australia’s gold sector, the result adds another active exploration story near Kalgoorlie, with shallow high-grade hits, regional follow-up drilling and potential for a maiden Mineral Resource pathway at Duchess of York.

Source: Evergold Minerals ASX announcement, “High-Grade Gold caps off maiden RC program at Duchess of York”, 15 July 2026.

14 July 2026 | Western Australia - Killi Resources has launched an aggressive exploration campaign aimed at rapidly expanding the resource base at its Lodestone Iron Ore Project in Western Australia’s Mid-West region.

The Lodestone Project currently hosts a 110Mt JORC Inferred Mineral Resource, with the existing resource covering only about 5km of a broader 25km-long mineralised system.

Killi is planning an initial 20,000m drilling program, including reverse circulation and diamond drilling, to extend the current resource, upgrade confidence in existing mineralisation and test parallel zones that could add further scale to the project.

The company said recent government approvals have been received for the large drilling program, with drilling contracts now being finalised and drilling expected to begin by the end of July.

At the same time, Killi’s geological team has started mapping and surface sampling to identify additional mineralised horizons and parallel zones. Geophysical contractors have also been engaged to complete a detailed drone-based magnetic survey across the full recrystallised magnetite system.

Why it matters: Lodestone is strategically located in WA’s Mid-West iron ore district, about 200km from the Port of Geraldton, with access to sealed roads, rail and grid power. The project sits between the Karara and Koolanooka iron ore mines.

Killi said Lodestone’s coarse-grained recrystallised magnetite has the potential to produce a premium, high-purity direct-reduction grade concentrate in the range of 68% to 70% iron. The company believes this could allow Lodestone to target the high-value electric arc furnace steelmaking market, where higher-quality iron ore products can attract a premium to the benchmark 62% iron price.

The current Inferred Resource is reported at 110Mt at 33% Davis Tube Recovery mass recovery, grading 69% iron in concentrate.

Chairman Nev Power said the company’s technical team had “hit the ground running”, with geologists already on site, geophysical surveys locked in and drilling contracts being finalised.

He said Killi’s goal is to establish a development pathway that takes advantage of Lodestone’s ore characteristics, strong infrastructure access and potential to produce a high-purity magnetite concentrate.

Killi said the upcoming drilling will also provide metallurgical samples and geological information for future processing and engineering studies, with the aim of delivering multiple resource updates over coming quarters.

For Western Australia’s iron ore sector, Lodestone represents an early-stage but potentially significant Mid-West magnetite growth story, with resource expansion, metallurgical test work and development studies now being advanced.

Source: Killi Resources ASX announcement, “Killi Targets Rapid Resource Growth with Aggressive Exploration Campaign”, 14 July 2026.

14 July 2026 | Queensland - Hammer Metals has reported further strong results from resource upgrade drilling at its 100%-owned Kalman Copper-Gold-Molybdenum-Rhenium Project in north-west Queensland.

The latest assays extended the previously reported intercept in drill hole K162, with the updated result now standing at:

• 165m at 1.96% recovered copper equivalent from 175m, including:
  • 50m at 3.17% recovered copper equivalent
  • 62m at 2.32% recovered copper equivalent

Other significant intercepts included:

• 98m at 1.36% recovered copper equivalent from 97m in K163
• 175m at 0.84% recovered copper equivalent from 167m in K164
• 142m at 0.71% recovered copper equivalent from 166m in K165

Managing Director Daniel Thomas said the results continue to demonstrate the broad and continuous nature of copper, gold, molybdenum and rhenium mineralisation at Kalman, both along strike and at depth.

Why it matters: Kalman is a polymetallic critical minerals project, with copper, gold, molybdenum and rhenium all contributing to the project’s potential value.

Hammer said the program was designed to upgrade Inferred Resources to Indicated Resources, supporting a planned Scoping Study. Early results have validated the geological model and intersected broad mineralisation within the conceptual open pit shell.

The company has also completed drilling at the Black Rock IOCG target and Lady Jenny Copper-Gold Prospect, with assays pending.

For Queensland’s base metals and critical minerals sector, Kalman is shaping as a strong development-style exploration story, with broad intercepts, resource upgrade work and future study activity all underway.

Source: Hammer Metals ASX announcement, “Outstanding Kalman Intercept Grows 165m @ 1.96% CuEqRec in K162”, 14 July 2026.

14 July 2026 | Western Australia - Astral Resources has reported further strong diamond drilling results from Theia Deeps, part of the company’s 100%-owned Mandilla Gold Project near Kalgoorlie in Western Australia.

The deep drilling program is testing resource growth potential beneath the cornerstone 1.4Moz Theia Deposit.

Significant results from AMRCD260 include:

• 52.60m at 1.48 g/t gold from 389.4m
• 7.0m at 5.22 g/t gold from 583.0m
• 43.86m at 0.87 g/t gold from 605.0m
• 16.52m at 1.54 g/t gold from 272.48m

Results from AMRCD261 included:

• 54.0m at 2.38 g/t gold from 316.0m
• 5.0m at 2.72 g/t gold from 582.0m
• 14.77m at 0.78 g/t gold from 601.13m

Astral said AMRCD261 ended in mineralisation, with visible gold observed on the non-sample side of the core at 603.33m down-hole.

Why it matters: Theia is already a major gold deposit, and these deeper results point to further resource growth potential below and around the current April 2026 Mineral Resource shell.

Managing Director Marc Ducler said the Theia Deeps program continues to show significant growth potential beyond the current resource, while also confirming mineralisation inside the current pit shell.

Astral has now completed nine holes in the expanded deep diamond drilling program, which has grown from an original six-hole, 3,000m program to 12 holes for 7,500m.

For Western Australia’s gold sector, Mandilla remains one of the more important open-pit development stories near Kalgoorlie, with deep drilling continuing to test whether Theia can grow into a larger and longer-life gold system.

Source: Astral Resources ASX announcement, “Deep Drilling Continues to Expand Theia Deeps with Broad Zones of Mineralisation Intersected”, 14 July 2026.

14 July 2026 | Western Australia - New Murchison Gold has reported high-grade gold intercepts from grade control and resource definition drilling at the Cloudkicker deposit, part of the company’s Garden Gully Gold Project in Western Australia.

Cloudkicker is located next to the existing Crown Prince open pit but is considered a separate deposit. Importantly, it is already included in the approved mining proposal for M51/886, allowing mining to commence immediately.

Best results from recent drilling include:

• 10m at 13.61 g/t gold from 44m, including 3m at 32.17 g/t gold
• 9m at 9.31 g/t gold from 3m, including 3m at 14.30 g/t gold
• 8m at 9.22 g/t gold from 62m, including 3m at 14.32 g/t gold
• 7m at 8.70 g/t gold from 55m, including 1m at 38.30 g/t gold
• 1m at 54.80 g/t gold from 58m

The company said the results confirm shallow, high-grade gold mineralisation at Cloudkicker, with some areas returning higher grades and better widths than the recent resource estimate.

Why it matters: Cloudkicker is not just an exploration story. Mining has already commenced, and New Murchison expects the open pit to add around 20,000 ounces of gold in ore to the production profile over the next 12 to 18 months.

CEO Alex Passmore said Cloudkicker sits within the footprint of existing operations and can be brought into production with very little additional site resourcing. First caprock ore is expected to be crushed in September 2026.

For the WA gold sector, this is a practical near-term production story: high-grade shallow results, existing approvals, mining underway and additional ounces expected to feed into the company’s production profile.

Source: New Murchison Gold ASX announcement, “High-Grade Gold Intercepts at Cloudkicker Deposit”, 14 July 2026.

14 July 2026 | Western Australia - Ora Banda Mining has reported a major increase in Mineral Resources and Ore Reserves across its Davyhurst Gold Project, strengthening the company’s pathway toward a larger, longer-life production base.

The company’s total Mineral Resource Estimate has increased by 75% to 56.5Mt at 2.0 g/t gold for 3.69Moz, up by 1.58Moz since 1 July 2025.

Ora Banda’s total Ore Reserve Estimate has increased by 159% to 8.4Mt at 2.3 g/t gold for 610,000 ounces, net of mining depletion to 1 April 2026.

The standout growth came from Round Dam, where the open pit Mineral Resource increased to 25.4Mt at 1.6 g/t gold for 1.33Moz, up from 125,000 ounces. Round Dam also delivered a maiden Ore Reserve of 3.7Mt at 1.9 g/t gold for 223,000 ounces.

Managing Director Luke Creagh said the result represented a “step-change” for Ora Banda and materially strengthened the company’s production platform at Davyhurst.

Why it matters: Davyhurst is becoming a larger and more diversified gold production centre, with Ore Reserves now spread across Waihi Underground, Waihi Open Pit, Round Dam Open Pit, Sand King Underground and Riverina Underground, together with low-grade in-situ material and stockpiles.

Ora Banda said it invested around $75 million in drilling during FY26, completing more than 310,000m of reverse circulation and diamond drilling. The company plans a further 340,000m of drilling in FY27, excluding grade control drilling.

For Western Australia’s gold sector, the update highlights the scale of organic growth being generated from exploration and resource conversion at established operations. Ora Banda said the growth provides a clear line of sight toward its ambition to become Australia’s next 300,000oz-plus gold producer.

Source: Ora Banda Mining ASX announcement, “Annual Mineral Resource and Ore Reserve Statement”, 14 July 2026.