News

22 August 2025 | Perth, WA – Regis Resources (ASX:RRL) has delivered a sharply improved FY25 result on the back of higher gold prices and resilient operations, reporting $1.65bn revenue (+30%) and a $254m NPAT turnaround from last year’s loss. The Board has reinstated dividends with a fully franked 5c final dividend payable 6 October 2025 (record date 11 September 2025).

FY25 highlights

• Gold production: 373koz, near the top end of guidance; AISC $2,531/oz.

• EBITDA: $780m (+163% YoY); operating cash flow $821m (+73% YoY).

• Balance sheet: $517m cash & bullion at 30 June; debt repaid and unhedged; new $300m RCF in place.

• Safety & ESG: LTIFR 0.4; 61MW hybrid renewables completed at Tropicana.

Operations & growth

• Duketon (WA): Continued push to at least four underground mines, with Garden Well Main and Rosemont Stage 3 on track for first production in FY26; open-pit reserves at Duketon lifted to 640koz.

• Tropicana (30% JV): FY25 production 140koz (Regis share), AISC $2,039/oz; Havana Underground development progresses toward H2 FY27.

McPhillamys update (NSW)
Following the Commonwealth Section 10 cultural heritage declaration over part of the approved project area in FY24, Regis has withdrawn the McPhillamys DFS outcomes and 1.89Moz of Ore Reserves and commenced Federal Court proceedings while assessing alternative project configurations.

Comment
With a debt-free, unhedged balance sheet and advancing underground pipeline, Regis says it is positioned to grow long-life, high-margin ounces from Tier-1 jurisdictions while maintaining returns to shareholders.

20 August 2025 | Subiaco, WA – Brightstar Resources (ASX:BTR) has reported another round of strong assays from 87 RC holes (~11,000m) across the Sandstone Hub, extending shallow mineralisation at multiple deposits and prospects as part of its ~100,000m growth program underpinning a PFS due in 2026.

Standout results include:

• Musketeer: 8m @ 4.50g/t Au from 95m (incl. 1m @ 19.5g/t), 4m @ 4.85g/t from 99m, 5m @ 4.12g/t from 157m; infill hits of 4m @ 5.50g/t from 82m (incl. 1m @ 20.1g/t) and 6m @ 3.47g/t from 94m.

• Indomitable East: 26m @ 1.39g/t from 22m (incl. 1m @ 10.4g/t) and 4m @ 2.06g/t from 189m.

• Cessna: 6m @ 6.91g/t from 28m (incl. 4m @ 9.44g/t) and 9m @ 2.20g/t from 18m (incl. 1m @ 12.4g/t).

• Lord Henry / Lords Corridor: 3m @ 9.29g/t from 55m (incl. 1m @ 25.1g/t) and 4m @ 19.3g/t from 98m (incl. 1m @ 58.5g/t); plus 24m @ 1.14g/t from 16m (incl. 4m @ 3.77g/t).

• Duplex / Whistler (Montague): 2m @ 7.94g/t from 145m (incl. 1m @ 15.4g/t); 5m @ 2.71g/t from 154m (incl. 1m @ 9.93g/t); and 3m @ 3.10g/t from 30m (incl. 1m @ 6.26g/t).

Brightstar says the new results support material resource growth at several deposits while confirming broader prospectivity outside the current 1.5Moz @ 1.5g/t Au MRE. Following completion of the Aurumin merger now underway, Brightstar expects to control ~2.4Moz @ 1.5g/t Au in the Sandstone district. Rigs have temporarily shifted to the Menzies and Laverton hubs (Second Fortune, Fish, Yunndaga) before returning to Sandstone in early September, with ~100km of drilling planned in FY26.

Managing Director Alex Rovira said the assays “demonstrate the potential for material resource growth” as the company advances infill, geotechnical and metallurgical programs to keep the Sandstone PFS on schedule for Q2 2026.

Source: Brightstar Resources ASX release, 20 August 2025.

15 August 2025 | Perth, WA – Great Western Exploration (ASX:GTE) says a close-spaced ground gravity survey at the Oval and Oval South targets (Yerrida North Project, WA) has outlined a density high coincident with its most prospective VHMS horizon—interpreted as the potential central “black-smoker” zone of a large DeGrussa-style copper-gold system.

Key points

• 200m × 200m ground gravity has defined an anomalous high that aligns with the geologically modelled VHMS horizon previously identified in drilling.

• Company interprets Oval and Oval South as part of one mineralising system; prior drilling likely tested the fringes of multiple VHMS horizons.

• The anomaly sits at the intersection of the Ida Fault and a GSWA-interpreted growth fault, a favourable structural setting for VHMS mineralisation.

• A 750m diamond hole is designed to test the anomaly; GTE will apply for EIS co-funding, with outcomes expected in October 2025.

• GTE reports a $2.7m cash position at 30 June 2025, funding upcoming programs.

The Oval Targets lie adjacent to the DeGrussa and Monty VHMS deposits, with geochemistry, stratigraphy and pathfinder element associations supporting a VHMS environment within rocks correlated to the DeGrussa Formation.

Source: Great Western Exploration ASX announcement, “Yerrida North Project – Oval Targets: Gravity Survey Defines Potential Core of a Large VHMS Copper-Gold System,” 15 Aug 2025

4 August 2025 | Perth, WA – Genesis Minerals (ASX:GMD) has today unveiled its “Long Ore” growth strategy during the Diggers & Dealers 2025 conference, outlining a clear roadmap toward becoming Australia’s next mid-tier gold producer.

At the centre of the plan is the restart of operations at Leonora, where Genesis is executing a multi-stage transformation to consolidate and grow gold production across the region.

🔹 Key Highlights from the “Long Ore” Strategy:

• Production Restart on Track: Operations expected to recommence in mid-2026.

• Large-Scale Growth Plan: Targeting ~250koz annual production in the medium term.

• 300,000m Drill Program: One of Australia’s largest, focused on mine life extension and resource growth.

• Substantial Resource Base: ~15.5Moz gold inventory, with 3.5Moz in Reserves and 3.8Moz in M&I.

• Multiple Feed Sources: Including Admiral, Orient Well, Ulysses, Puzzle, Tower Hill, and the recently acquired Laverton assets.

Managing Director Raleigh Finlayson said:

“This is more than a restart — it’s a reimagination of Leonora’s gold potential. ‘Long Ore’ reflects our commitment to consistent, long-term growth supported by quality ounces.”

Genesis is advancing open pit and underground approvals across multiple deposits and has commenced infrastructure upgrades including shaft refurbishment, a new paste plant, and ventilation raises.

With a strong balance sheet, robust reserves, and infrastructure already in place, Genesis is positioned to deliver long-life, high-margin gold production in the heart of the Eastern Goldfields.

31 July 2025 | Perth, WA – Catalina Resources (ASX:CTN) has today announced the commencement of its maiden drilling campaign at the Laverton Gold Project, marking a significant milestone for the newly listed explorer.

The ~2,500m aircore program will target multiple gold and nickel anomalies across the Rum Punch and Whisky prospects, including:

• A 5km gold-in-soil anomaly at Whisky, supported by historical RAB drilling

• Magnetic signatures interpreted as ultramafic rocks with nickel sulphide potential

• Structural trends near known gold workings within the Laverton tectonic zone

The campaign builds on historical data from Metex and other past operators, with Catalina aiming to verify previous intercepts and identify new mineralised systems.

Managing Director Daniel Smith commented:

“We’re excited to hit the ground running so soon after listing. Laverton sits in a proven gold district with untapped potential, and this program is the first step in unlocking value.”

Catalina listed on the ASX in May and is fully funded to pursue early-stage exploration across both Laverton and its Gascoyne lithium project, where fieldwork is expected to commence later this quarter.

With assays expected from the Laverton drilling in Q3, Catalina is rapidly progressing toward defining new gold and base metal targets in one of WA’s most prolific belts.

1 July 2025 | West Perth, WA – Future Battery Minerals (ASX: FBM) has uncovered six broad surficial gold anomalies at its 100%-owned Burbanks East Project, part of the Coolgardie Gold Project in Western Australia, confirming significant untested potential near established gold operations.

A review of historical drilling and surface data revealed shallow, high-grade intercepts, including:

• 8m @ 3.37g/t Au from 32m (KSC3339)

• 6m @ 1.84g/t Au from 44m (KSC3336)

• 10m @ 0.9g/t Au from 36m, including 2m @ 3.1g/t Au (LEB122)

• 3m @ 4.57g/t Au from 28m (KSC3314)

A litho-structural review integrating geophysical data is underway to refine targets, with results expected in July 2025. The Company is also preparing an RC drilling program at the nearby Miriam Project, set to begin this month.

MD Nick Rathjen commented:

“We’ve grown Burbanks East five-fold in a month and identified six large gold anomalies, adding exciting upside to our Coolgardie Project.”

FBM holds over 75km² in the region and maintains a strong balance sheet of A$7.4 million in cash with zero debt, positioning it to advance both gold and lithium exploration programs.

30 June 2025 | Perth, WA – Brightstar Resources (ASX:BTR) and Aurumin Limited (ASX:AUN) have entered into active merger discussions aimed at consolidating their tenement holdings in the Sandstone region of Western Australia into a single, large-scale gold project.

The proposed combination would merge the companies’ assets into a ~2.4Moz gold resource base, creating one of the most significant near-term gold development opportunities in WA’s Goldfields. The two boards have agreed on non-binding indicative terms for a scheme of arrangement under which Brightstar would acquire Aurumin for scrip consideration, offering 1 Brightstar share for every 4.6 Aurumin shares.

Based on Brightstar’s 20-day VWAP of $0.54 per share, the deal implies:

• An Aurumin share value of $0.117,

• A 17% premium to Aurumin’s 27 June 2025 closing price, and

• A 26% premium to Aurumin’s 20-day VWAP.

Key potential benefits of the merger include:
✅ De-risking and accelerating the development of the consolidated Sandstone Gold Project
✅ Greater certainty for new regional infrastructure
✅ Unlocking exploration and operational synergies

The combined entity would control granted mining leases hosting major deposits such as Montague-Boulder, Whistler, Lord Nelson, and Two Mile Hill, positioning the Sandstone Gold Project as a standout regional opportunity.

The companies emphasised that the transaction remains subject to satisfactory mutual due diligence, execution of a scheme implementation deed, and other customary conditions. There is no certainty a transaction will proceed, and shareholders are advised no immediate action is required.

Both companies’ boards have approved the announcement and committed to updating shareholders on any material developments.

17 June 2025 | Perth, WA – Cazaly Resources (ASX:CAZ) has commenced RC drilling at the Duke of York prospect, marking the first phase of exploration at its recently acquired Goongarrie Gold Project, 90km north of Kalgoorlie in Western Australia’s Eastern Goldfields.

The initial 2,000m drill campaign targets historic workings and will validate previous high-grade intercepts, including:

• 13m @ 3.5g/t Au

• 8m @ 10.7g/t Au

The prospect lies along the Bardoc Tectonic Zone, a fertile structure associated with major deposits throughout the Kalgoorlie region. The drilling will inform follow-up programs targeting mineralisation along strike and down plunge.

Managing Director Tara French commented:

“This is the first of many gold targets we plan to test across the district. Our team has moved quickly—just three months from option execution to drilling—and we’re excited to see what lies beneath these historical workings.”

The Duke of York and adjacent Star of Goongarrie prospects are localised within a structurally complex zone with strong geological potential. Historical work by Red Back Mining and Metaliko Resources highlighted the presence of oxide gold, but Cazaly’s campaign is the most substantial to date.

Goongarrie covers 70km² of greenstone stratigraphy along a 12km stretch of the BTZ. The area has seen renewed interest following recent high-grade hits at Gorilla Gold’s nearby Lakeview prospect (e.g. 96m @ 2.5g/t Au), confirming the region’s potential.

With drill rigs turning and approvals in place, Cazaly is positioning itself to rapidly define shallow, high-grade gold mineralisation across a historically underexplored district.

16 June 2025 | Perth, WA – Nimy Resources (ASX:NIM) has reported standout results from the first four holes of its Phase 2 drilling program at the Block 3 Gallium Project within the broader Mons Belt in Western Australia. These results confirm the project's high-grade potential and highlight the emerging significance of this critical mineral discovery.

Drill highlights include:

• NRRC137:

  • 240m @ 55g/t Ga₂O₃

  • 56m @ 101g/t Ga₂O₃ from 60m

  • 1m @ 285g/t Ga₂O₃ from 115m

• NRRC136:

  • 240m @ 57g/t Ga₂O₃

  • 20m @ 102g/t Ga₂O₃ from 40m

  • 1m @ 376g/t Ga₂O₃ from 117m

• NRRC135: 240m @ 30g/t Ga₂O₃

• NRRC134: 240m @ 37g/t Ga₂O₃ with 8m @ 108g/t Ga₂O₃ from 144m

All four holes intercepted mineralisation from surface to the end-of-hole depth (240m), with gallium remaining open in all directions. The results have extended the high-grade footprint well beyond the current exploration target.

Phase 3 drilling is nearing completion, with assays from the remaining Phase 2 and 12 additional Phase 3 holes expected shortly. The company plans to deliver a maiden JORC resource in the December quarter.

Managing Director Luke Hampson said:

“These results give us confidence in targeting a substantial high-grade gallium resource. We are defining a globally significant project capable of helping meet Western demand for this critical metal.”

Nimy is also assessing outcropping chlorite schist zones, which host the gallium mineralisation and extend beyond the known areas, further boosting exploration potential.

With gallium listed as a critical mineral for electronics and defence, Nimy’s Block 3 is rapidly positioning itself as a strategic supply opportunity for global markets.

16 June 2025 | Perth, WA – Black Cat Syndicate (ASX:BC8) has unveiled a bold move in its gold strategy, announcing it has built up $24 million (~4,500oz) in physical gold bullion, with plans to maintain a minimum of $20 million (~4,000oz) in dedicated gold storage moving forward.

As production ramps up across its WA operations—including Paulsens, Kal East, and the planned restart at Coyote—the company’s decision to retain gold highlights a growing confidence in the long-term value of bullion over cash reserves.

“It is hard to justify producing a safe haven asset like gold and then converting it into an asset losing its purchasing power in cash,” said Managing Director Gareth Solly.

Black Cat’s strategy is a rare play on gold exposure. By holding gold as inventory and valuing it conservatively, the company allows investors to gain unhedged leverage to bullion and its growing 2.5Moz Resource base. Profits will only be taxed when gold is sold, enhancing capital flexibility.

Upcoming Milestones:

• Kal East surface drilling: June–July

• Myhree/Boundary open-pit mining: June–October

• Paulsens underground & regional drilling: June–September

• Coyote and Mt Clement exploration continuing through Q3

With visible gold in core, gold in stockpiles, and gold in circuit and bullion, Black Cat is truly covering the full spectrum of the gold production cycle.