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Developing Projects
As of July2026, the Northern Territory has 16 developing mining projects worth a combined estimated CAPEX of $6.2B, and an estimated 3200 jobs in construction and 2800 jobs in production. Of these, two developing mining projects have been put on hold. Nine major mines are currently in operation and seven advanced projects are under feasibility.
Download the July 2026 release of the Mining developments report PDF (6.0 MB).
Download the July 2026 release of the Major mines and projects map PDF (856.2 KB).
View NTGS defined terms for mines, projects and exploration.
Developing projects in the Northern Territory
Company | Project | Project status | Commodity | Proposed Construct | Proposed Production | Estimated CAPEX | Estimated Jobs (construct) | Estimated Jobs (operate) | Mine Life |
|---|---|---|---|---|---|---|---|---|---|
Arafura Rare Earths Ltd | Nolans | In construction | Rare Earth Elements, Phosphate | Full construction Q3 2026 | 2029 | US$1226M | 682 | 366 | 38+ yrs |
Tennant Mines | White Devil | Approvals in place | Gold | Q3 2026 | Q4 2026 | $11.8M (pre-prod) $32.8M (peak) | Up to 25 | Up to 50 | 7 yrs |
KGL Resources Ltd | Jervois | Approvals in place | Copper, Silver, Gold | 2026/27, subject to FID Q3 2026 | 2028 | $439M | 350 | 550 | 10 yrs |
Primary Gold Pty Ltd | Mount Bundy | Approvals in place | Gold | Early works commenced June 2026, full construction subject to FID Q3 2026 | 2028 | $394M | 400 | Up to 300 | 17 yrs |
Avenira Ltd | Wonarah | Approvals in place | Phosphate | Q4 2026 | 2027 | DSO: $11.5M | DSO – 50 jobs | 100 | 30+ yrs |
Verdant Minerals Pty Ltd | Ammaroo | Approvals in place | Phosphate | 2027/2028 | 2028/2029 | 900 | 400 | 250 | 25+ yrs |
PC Gold Ltd | Spring Hill | Approvals in place | Gold | TBA, awaiting outcome of PFS for standalone CIL | TBA | TBA | 40 - 180 (plant construction) | 145 | 5+ yrs |
Vista Gold Corporation | Mount Todd | Approvals in place | Gold | 2028, subject to finance | 2029 | Initial US$425M | 250-450 | 200-400 | 30 yrs* |
Patronus Resources Ltd | Fountain Head | Approvals in place | Gold | TBA | TBA | $46M | 50 | 134 | 5 yrs |
Lithium Plus Minerals Ltd | Lei | In approvals process | Lithium | 2027 | 2028 | TBA | TBA | TBA | 6 yrs |
Bacchus Resources Pty Ltd | Brocks Creek | In approvals process | Gold | 2027 | 2028/29 | $241M | 60 | 75 | 30+ yrs |
Tivan Ltd | Molyhil | In approvals process | Tungsten, Molybdenum | 2028 | 2029 | $187.3M | 60 | 70 | Initially 7 yrs** |
Castile Resources Ltd | Rover 1 | In approvals process | Gold, Copper, Cobalt, Magnetite, Bismuth | TBA, awaiting release updated PFS and Bismuth Scoping Study and subsequent BFS in 2026 | TBA | $279.5M | 200 | 140 | Initial 8 yrs |
Tellus Holdings Ltd | Chandler | In approvals process | Salt & storage | TBA, awaiting release of a feasibility review in 2026 | TBA | Approx $1000M | 300 | 150 | 25 yrs (minimum) |
| TOTAL | $6.2B | ~3200 | ~2800 |
Developing projects on hold in the Northern Territory
Developing mining projects on hold include those where the company have gone into administration or have withdrawn environmental or mining approval applications. These projects may permanently move from the developing projects list over time.
Company | Project | Project status | Commodity | Proposed Construct | Proposed Production | Estimated CAPEX | Estimated Jobs (construct) | Estimated Jobs (operate) | Mine Life |
|---|---|---|---|---|---|---|---|---|---|
Winchelsea Mining Pty Ltd | Winchelsea | In approvals process (on hold) | Manganese | TBA | TBA | $212M | 100 | 55 plus 100 personal support services staff | Estimated 11 yrs |
Linecrest Pty Ltd (under administration) | Frances Creek | In approvals process (on hold) | Iron Ore | On hold | On hold | TBA | TBA | TBA | TBA |
Advanced projects under feasibility in the Northern Territory
Advanced projects under feasibility include projects that have completed, or are currently undertaking, a Scoping Study, Pre-Feasibility Study, or are rapidly progressing toward this stage through substantial exploration and resource definition programs. Development approvals have not yet been submitted.
Company | Name | Commodity | Mineral Resource | Recent Activities | |||
|---|---|---|---|---|---|---|---|
Kingsland Minerals Ltd | Graphite | 192.5 Mt @ 7.3% Total Graphitic Carbon | Mineral Lease application submitted (ASX: 27 August 2024). Drilling and mineralogical studies indicate potential gallium and rutile by-products, with a gallium MRE targeted for late 2025 (ASX: 14 August 2025). Testwork produced 99.96–99.97% purified spherical graphite using low-temperature alkaline bake and acid wash methods, exceeding battery-grade specifications (ASX: 21 August 2025). A scoping study supports a 1.5 Mtpa open pit operation (strip ratio 0.8:1), producing graphite concentrate via flotation (ASX: 22 September 2025). A PFS has commenced, focused on graphite concentrate production. Recent metallurgical test work has demonstrated gallium recoveries of up to 94%. Kingsland are planning to release a Gallium JORC Resource later in 2026 (ASX, 9 April 2026). | ||||
Thessally Resources Pty Ltd | Magnesite | 15.7 Mt @ 43.3% MgO | Progressing Mining Studies with permits secured to produce a 20 000-tonne bulk sample for refinery trials. Bulk sample shipped to Japanese refinery for testwork in September 2025. A successful outcome could lead to a long-term DSO offtake agreement. | ||||
Tennant Mines | Gold, Copper | 16.5 Mt @ 1.3% Cu, 1.1g/t Au | The feasibility study is expected to be completed in early Q3. The target output for Warrego is 10 000–15 000 t/yr of copper as a by-product to gold production. With Warrego, Pan African Resources aim to produce 100 000 oz/yr gold from the Tennant Creek operations (Pan African Presentation, June 2026). | ||||
CuFe Ltd (55%) Gecko Mining Pty Ltd (45%) | Gold, Copper, Silver, Bismuth | Gecko: 17.773 Mt @ 1.92% Cu, 0.40 g/t Au,3.78 g/t Ag, 0.07% Bi Orlando: 5.678 Mt @ 1.11% Cu, 1.73 g/t Au,4.01 g/t Ag, 0.07 g/t Bi | CuFe released updated MREs for the Gecko Project (including Goanna) and Orlando in 2025, with the Orlando update incorporating Bi and Ag (ASX: 18 August; 24 November 2025). A July 2025 Scoping Study for a standalone open pit at Orlando outlined a post-tax NPV of ~$355 million and IRR of 59%, based on a new processing plant (ASX: 29 July 2025). Orlando sits on a current Mining Lease and has historic open pit and underground production. CuFe, via Tennant Creek Copper Alliance Pty Ltd,is progressing to a Feasibility Study for a shared processing plant, supported by Federal and NT Government grant funding (ASX: 3 February 2026). | ||||
MGX Resources Ltd-Tanami Gold NL | Gold | 31 Mt @ 2.8g/t Au including Groundrush deposit containing 11 Mt @ 3.3g/t Au (underground resource) | MGX Resources Ltd (previously Mount Gibson Iron) finalised the purchase of Northern Star Resource’s interest in the high-grade gold Central Tanami Project (CTP) Joint Venture (between Tanami Gold NL (50%) / MGX Resources (50%)). MGX have sold their iron ore assets in Western Australia, and are establishing CTP as their flagship project. They have announced their plans to advance the project towards production, first focused on the Groundrush deposit, with 1.2 Moz of contained gold. The total resource inventory at CTP comprises 2.8 Moz of contained gold (MGX presentation, February 2026). | ||||
Agnico Eagle Mines Ltd | Pine Creek (includes Union Reefs, Cosmo Deeps, Pine Creek and Maud Creek) | Gold | 40.1 Mt @ 2.29 g/t (2.95 Moz Au) TSX AEM 12 Feb 2026 | Agnico Eagle have significant land holdings in the Pine Creek area, comprising Union Reefs mill (in care and maintenance) and a number of prospective advanced exploration projects (Pine Creek, Cosmo Howley, Maud Creek). The total gold resources across their Pine Creek holdings contains roughly 3 Moz of gold. As part of its 2026 exploration program, the company has budgeted US$8.0 million of exploration spend in the Northern Territory, including approximately 48 600 m of surface drilling to follow up 2025 drilling results and test targets with potential for mineral resource growth. The current scenario analysis is focused on developing a decade-long sustainable ore supply from multiple sources to the Union Reefs processing facility with a potential upgrade of the processing facility to treat refractory ores. (Agnico Eagle exploration plans 2026, Q4 2025). | |||
Barkly Rare Earths Ltd | Rare Earth Elements (Neodymium, Praseodymium) | 40 Mt @ 0.21% TREO | Barkly Rare Earths Ltd successfully listed on the ASX on 10 January 2026. The current market capitalisation is $21.53M. Barkly Rare Earth’s main asset is the Barkly REE project in the Barkly Region of the NT, with an Inferred MRE of 40 Mt @ 0.21% TREO. Barkly Rare Earths expect to progress an extension drilling program and commence metallurgical testwork immediately, building on earlier results which achieved a mineral concentrate of 2.9% TREO through flotation and a 74% Magnet Rare Earth Oxide (MREO) extraction rate using conventional leaching (ASX: 30 January 2026). | ||||
In construction
Company | Arafura Rare Earths Ltd |
|---|---|
Authorised entity | Arafura Nolans Project Pty Ltd |
Listing | ASX : ARU Market capitalisation1: $1.24B |
Tenure | ML26659 |
Contact | Stewart Forrest – Northern Territory Manager Phone: (08) 6370 2800 Email: sforrest@arultd.com |
Location | 135 km northwest of Alice Springs |
Mine classification | New greenfields mine |
Description | Open cut mining, beneficiation to a mineral concentrate and on-site rare earth separation to produce |
Proposed production | 4440 tpa NdPr oxide; 470 tpa mixed middle-heavy rare earth (SEG/HRE) oxide; 144 000 tpa fertiliser |
Ore Reserve | 29.5 Mt containing 2.9% REO, 13% P2O5 |
Mineral Resource | 56 Mt containing 2.6% REO, 11% P2O5 |
Mine life | 38 years + |
Feasibility | DFS February 2019; Updated FS 11 May 2021; Project Update 11 Nov 2022 Study. Preliminary study completed for Nolans Phase 2 is considering third-party processing hub (AR 2024). |
Approvals | Environmental: NT EPA approval Dec 2017; variation assessment completed Sept 2019. EPBC approval May 2018. Mining: Mining Authorisation issued Nov 2022 |
Proposed schedule | Construction: Full construction Q3 2026 Production: 2029 |
Jobs | Construction: 682 Production: 366 |
CAPEX | $US1225M (ASX: 20 May 2025) |
Agreements and arrangements | Binding offtakes signed with Hyundai and Kia (ASX: 7 Nov 2022), Seimens Gamesa (ASX: 11 April 2023) and Traxys Europe SA (ASX: 20 March 2025). Conditional credit approvals for targeted US$775M senior debt funding secured from export credit agencies and commercial lenders (including EFA, NAIF, EDC, KEXIM), plus project completion support provided by an US$80M cost overrun facility and a standby liquidity facility of US$200M (ASX: 23 July 2024). Arafura executed a binding term sheet for A$200M of Convertible Notes with the National Reconstruction Fund Corporation (ASX: 15 January 2025). Currently seeking $660M remaining equity investment (ASX: 20 May 2025). The German Raw Materials Fund (GRMF) completed the appraisal phase, including due diligence with a potential equity investment of €50 million referred to the relevant legislative and regulatory authorities for approval. A potential second €50 million is subject to a separate decision upon securing an additional 500 tpa of offtake in Germany/Europe. Arafura was identified as one of two priority projects under the Australia – US Critical Minerals Framework. Export Finance Australia has provided conditional approval for equity investment up to US$100 million. The Export-Import Bank of the United States provided a non-binding letter of interest for financing support of up to US$300M. Arafura announced Hatch as the preferred Engineering, Procurement and Construction Management (EPCM) provider for the execution of the Nolans Project. They have less than 10% of the required funding outstanding and hope to reach FID in 2026 (ASX: 29 January 2026). In May 2026, Arafura announced a binding term sheet with Traxys North America for 500 tpa NdPr oxide and 7.5 tpa DyTb oxide for a minimum 5 year period. Arafura also announced that Export Finance Australia issued a non-binding Letter of Support for potential participation in the Critical Minerals Strategic Reserve, covering up to 500 tpa NdPr oxide. Arafura announced the Final Investment Decision for the Nolans Project on 21 May 2026 (ASX: 21 May 2026), following the satisfaction of its targeted offtake requirements through these arrangements and existing agreements with Hyundai, Kia, Siemens Gamesa and Traxys Europe SA. |
Approvals in place
Company | Tennant Mines |
|---|---|
Authorised entity | Tennant Consolidated Mining Group (TCMG) Pty Ltd |
Listing | ASX : PAR Market capitalisation1: GP$2.4B |
Tenure | ML31651 |
Contact | Peter Main – Managing Director Phone: (+61) 0893 817 838 Email: info@tennantmining.com.au |
Location | 37 km NW of Tennant Creek |
Mine classification | Reopen mine |
Description | High-grade historic mine with unmined resources, proposing an open pit and potential underground restart, with processing via Nobles CIL plant ~48 km away. |
Proposedproduction | 64 000 oz Au (Planned average from scoping study) |
Mineral Resource | 4.7 Mt @ 4.1 g/t Au |
Mine life | 7 years |
Feasibility | Scoping study completed (Jul 2025). Feasibility study underway with completion expected in 2026 |
Approvals | Mining: E(M)L authorised July 2026 |
Proposedschedule | Construction: Q3 2026 Production: Q4 2026 |
Jobs | Construction: Up to 25 Production: Up to 50 |
CAPEX | $11.8M (pre-prod) $32.8M (peak) |
Agreements and arrangements | In March 2026, Pan African Resources announced the acquisition of Emmerson Resources Ltd. In July 2026, the takeover was complete with a condition that Pan African will list on the ASX. The acquisition consolidates 100% ownership of the Tennant Creek Joint Venture and more than 1700 km2 of exploration tenure. |
Company | KGL Resources Ltd |
|---|---|
Authorised entity | Jinka Minerals Pty Ltd |
Listing | ASX : KGL Market capitalisation1: $277M |
Tenure | ML30829 |
Contact | Jeff Gerard – Executive Chairman Phone: (07) 3071 9003 Email: info@kglresources.com.au |
Location | 270 km ENE of Alice Springs |
Mine classification | New brownfields mine |
Description | Initial mining from two open cut mines, moving to underground mining from four deposits. Ore to be |
Proposed production | Copper concentrate with silver and gold credits; with annual production of ~30 kt Cu, ~1,106 koz Ag and ~8.9 koz Au |
Ore Reserve | 14.38 Mt @ 1.77% Cu, 0.26 g/t Au & 26.27 g/t Ag (ASX: 10 Feb 2025) |
Mineral Resource | 28.95 Mt @ 1.76% Cu, 24.8 g/t Ag, 0.23 g/t Au (Company Presentation, Sept 2025) |
Mine life | 10 yrs |
Feasibility | DFS released (ASX: 15 Nov 2022). Feasibility Study Update (FSU) 2025 released (ASX: 10 Feb 2025). After release of the DFS, and metal prices above those used in the study persisting, KGL are continuing optimisation studies to identify incremental gains in mining and processing the ore (ASX: 24 September 2025). |
Approvals | Environmental: NT EPA approved 30 September 2019 Mining: Mining Authorisation issued Jan 2021 Groundwater extraction licence granted April 2021 & surface water licence in July 2021. |
Proposed Schedule | Construction: 2026/27, subject to FID Q3 2026 Production: 2028 |
Jobs | Construction: 350 Production: 500 |
CAPEX | $439M |
| OPEX | $208M (ASX: 10 Feb 2025) |
Agreements and arrangements | An updated contract for the offtake of up to 1 Mt of copper concentrate is currently being re-negotiated and is currently uncommitted. KGL are working to refine an optimal funding package (ASX: 24 September, 2025). Resource Capital Fund (RCF) became a major shareholder with an off-market share purchase giving them an 8.32% shareholding in KGL. KGL completed an $11 million capital raising to progress project-enabling works, advance project optimisation activities and funding discussions, and appoint an independent non-executive director and CEO to lead the company. They are engaging with a short list of potential funding partners and potential off-take agreements. In response to higher metal prices, KGL is undertaking further optimisation studies, including an updated open-pit plan, designed to deliver an incremental increase in contained metal in the ore feed (ASX: 30 January 2026). In April 2026, KGL announced it entered into a Precious Metals Purchase Agreement totalling $US300 million with Wheaton Precious Metals International Ltd, a wholly owned subsidiary of Canadian Wheaton Precious Metals Corp, to partly fund construction of the project. In return, Wheaton will have access to a proportion of silver and gold offtake from the project (ASX: 2 April 2026). KGL also released an updated baseline economic model (ASX: 24 April 2026). In June 2026, KGL conducted an equity raising, aiming to deliver $300 million. By the end of the month, they announced it had been successful. The company’s intention is to fully fund the development of Jervois through equity and the proceeds from Wheaton, without conventional project debt (ASX: 29 June 2026). |
Company | Primary Gold Pty Ltd |
|---|---|
Company | |
Authorised entity | Primary Minerals Pty Ltd |
Listing | Private (parent company China Hanking Holdings Ltd listed on the HKSE) |
Tenure | MLN1083 |
Contact | Dr Mark Qiu – Managing Director and CEO Phone: 0424 288 016 Email: qiuym@hanking.com.au |
Location | 100 km SE of Darwin |
Mine classification | New brownfields mine |
Description | The operation will include open pit bulk mining at existing pits at Rustlers Roost and Quest 29, underground mining at Toms Gully, and the construction of a new 5 Mtpa carbon-in-leach central processing plant and tailings storage facility at Rustlers Roost. A new open pit called Annie Oakley 800 m to the west of Rustlers Roost will also be mined. |
Proposed production | Average annual production of approximately 150 koz Au for 10–16 years (August 2025 updated DFS) |
Ore Reserve | Open Pit: 53.6 Mt @ 0.8 g/t Au Underground: 1.435 Mt @ 5.4 g/t |
Mineral Resource | 109 Mt @ 0.9 g/t Au incl. 14.1 Mt @ 1 g/t Au (Quest 29), 91.8 Mt @ 0.7 g/t Au (Rustler’s Roost), 2.54 Mt @ 6.3 g/t Au (Toms Gully) |
Mine Life | 17 years |
Feasibility | Updated DFS released 18 August 2025 |
Approvals | Environmental: Toms Gully environmental approval issued Feb 2020. Rustlers Roost and Quest 29 approvals issued June 2023. Mining: Deemed mining licence conditionally approved May 2026. |
Proposed schedule | Construction: Early works commenced June 2026, full construction subjet to FID Q3 2026 Production: 2028 |
Jobs | Construction: 400 Production: up to 300 |
CAPEX | $394M |
OPEX | $178M |
Agreements and arrangements | China Hanking Holdings Ltd underwent a corporate restructure and renamed Hanking Gold International Ltd, who own 100% of the Mount Bundy project. Currently securing contracts for full construction and delivery of gas pipeline. |
Company | Avenira Ltd |
|---|---|
Company | |
Authorised entity | Minemakers Australia Pty Ltd |
Listing | ASX : AEV Market capitalisation1: $15.3M |
Tenure | ML33343 |
Contact | Brett Clark – Deputy Executive Chairman Phone: (08) 9264 7000 Email: bclark@avenira.com |
Location | 245 km east of Tennant Creek |
Mine classification | New greenfields mine |
Description | DSO Open pit phosphate mining of 1.3 Mt at Wonarah, leveraging the existing Mining Authorisation 1170-01 and the updated MMP. Feasibility underway for beneficiation plant for lower grade feedstocks, and potential future yellow phosphorous plant at Wonarah. |
Proposed production | DSO operation: 1.3 Mt phosphate operation |
Mineral Resource | 66 Mt @ 30% P2O5 (27% cut-off); 812 Mt @ 18.1% P2O5 (15% cut-off) |
Mine life | 30+ years |
Feasibility | DFS released on DSO phosphate operation (ASX: 19 Oct 2023). Considering co-location of Yellow Phosphorus plant at Wonarah. |
Approvals | Environmental: Approved June 2013. Mining: MMP for trial mining approved. Deemed mining licence granted for 1.3 Mt of DSO approved September 2025. |
Proposed schedule | Construction: Q4 2026 Production: 2027 |
Jobs | Construction: 50 Production: 100 |
CAPEX | Initial $11.5M |
Agreements and arrangements | Hebang Biotechnology, Avenira’s largest shareholder, secured its interest to 49% (ASX: 10 March 2025). The License and Technology Transfer Agreement and Subscription Agreement with Advanced Lithium Electrochemistry Co Ltd (“Aleees”) has been terminated (ASX: 12 February 2025). |
Company | Verdant Minerals Ltd |
|---|---|
Company | |
Authorised entity | Territory Phosphate Pty Ltd |
Listing | Private |
Tenure | ML29854, ML29463, EL31789 |
Contact | Chris Tziolis – Managing Director Phone: (08) 8942 0385 Email: ctziolis@verdantminerals.com.au |
Location | 220 km SSE of Tennant Creek |
Mine classification | New greenfields mine |
Description | Open cut strip mining operations with crushing, screening and beneficiation to produce phosphate rock concentrate for export. The product will be suitable for conversion to phosphoric acid for the manufacture of ammonium phosphate fertilisers. |
Proposed production | Initial 400 kt to 500 kt per annum |
Ore Reserve | 32.4 Mt @ 18.2% P2O5 |
Mineral Resource | 1145 Mt @ 14% P2O5 (10% cut-off) or 338 Mt @ 18% P2O5 (15% cut-off) 138 Mt @ 15.7% P2O5 (10% cut-off JORC Measured Resource) |
Mine life | 25+ years |
Feasibility | Feasibility on phosphate rock concentrate project released (ASX: 17 May 2018) |
Approvals | Environmental: Approved Oct 2018 (NT) & June 2018 (Federal) for rock phosphate project. Revised Terms of Reference for an EIS for fertiliser production were issued by the NT EPA on 14 June 2023. Mining: Mining licence approved for 1.2 Mtpa September 2025 |
Proposed schedule | Construction: 2027/28 Production: 2028/29 |
Jobs | Construction: 400 Production: 250 |
CAPEX | Estimate $900M for full capacity |
Agreements / arrangements | 66.6% ownership by UK-based CD Capital, 33.4% Owned by Washington H. Soul Pattinson (SOL). 25 year 3.6 gl/y water licence granted. ILUA agreed to and signed awaiting registration with the Commonwealth. Mining Leases granted in April 2025 (ML29854, ML29463). |
Company | PC Gold Ltd |
|---|---|
Company | |
Authorised entity | TM Gold Pty Ltd |
Listing | ASX : PC2 Market capitalisation1: $214M |
Tenure | ML23812 |
Contact | Ashley Pattison – Executive Chair Phone: 08 6313 3996 Email: admin@pcgold.com.au |
Location | 27 km NNW of Pine Creek |
Mine classification | New brownfields mine |
Description | Mining of oxide ore from three open pits at the Spring Hill gold deposit, targeting the Hong Kong lode and Main lode. Ore to be processed at a third-party processing site. |
Proposed production | Total production of 102 000 oz of gold in initial stage of mining (source: DML) |
Mineral Resource | 25.6 Mt @ 1.00 g/t Au (0.5 g/t Au cutoff) |
Mine life | 5+ yrs |
Feasibility | PFS study ongoing with GR Engineering Services Ltd as study managers. A standard CIL plant is proposed with gravity gold recovery, throughput 2–3 Mtpa. DFS is progressing for the approved DML. It will include conceptual designs for a Tailings Storage Facility with estimated capacity for ~17 Mt and mine plans will be reoptimised and updated once an updated resource model is complete (PC Gold presentation, Feb 2026). |
Approvals | Environmental – NT EPA assessment not required (decision in July 2018); Federal approval under EPBC Act March 2021. Mining: Authorisation issued April 2022 (DML for open cut mining only) |
Proposed schedule | Construction: TBA, awaiting outcome of PFS for standalone CIL Production: TBA |
Jobs | Construction: 40–180 (plant constuction) Production: 145 |
CAPEX | TBA |
Company | Vista Gold Corporation |
|---|---|
Company | |
Authorised entity | Vista Gold Australia Pty Ltd |
Listing | NYSE : VGZ TSX : VGZ Market capitalisation1: US$269M |
Tenure | MLN1070 |
Contact | Brent Murdoch – Director and General Manager Australia Phone: (08) 8941 9105 Email: bmurdoch@mttodd.com.au |
Location | 41 km north of Katherine |
Mine classification | Reopen mine |
Description | Conventional open pit mining extracting up to 17.75 Mtpa of ore for on-site processing through newly constructed CIL Plant. |
Proposed production | Average 497 000 oz Au per annum gold dore in years 1–7 (FS March 2024). Currently evaluating a smaller scale project with production of 146 koz per annum with an initial CAPEX of $400M and an updated feasibility yet to be released (Visa Gold presentation, October 2024) |
Ore Reserve | 172 Mt @ 0.94 g/t Au |
Mineral Resource | 398 Mt @ 0.82 g/t Au |
Mine life | 30 years (including 2 years construction plus 5 years closure/reclamation) |
Feasibility | Feasibility Study released Feb 2022; updated March 2024 (TSX and NYSE: 13 Mar 2024). Feasibility study on 15 ktpd operation released in July 2025 |
Approvals | Environmental: Approved June 2014 (NT), Federal EPBC approvals issued Jan 2018. Mining: MMP approval in June 2021. Replacement licence application submitted in June 2026. |
Proposed schedule | Construction: 2028, subject to finance Production: 2029 |
Jobs | Construction: up to 250–450 Production: 200–400 |
CAPEX | Initial US$425M from smaller scale study released in July 2025 (Vista Gold news, 29 July 2025) |
Agreements and arrangements | Vista Gold are pursuing modifications to existing permits and completing technical work in advance of a decision to commence detailed engineering. They have outlined a pathway to initiate detailed engineering and design by early 2027, and anticipate a 27 month design, construction and commissioning process, putting first production in 2029 (TSX: 13 January 2026). |
Company | Patronus Resources Ltd |
|---|---|
Company | |
| Authorised entity | PNX Metals Ltd |
Listing | ASX : PTN Market capitalisation1: $68.2M |
Tenure | MLN4, MLN1020, MLN1034, ML31124 |
Contact | John Ingram – Chief Executive Officer Phone: (08) 8364 3188 Email: j.ingram@partonusresources.com.au |
Location | 54 km NW of Pine Creek |
Mine classification | New brownfields mine |
Description | Open cut mining at the existing Fountain Head pit, based on conventional drill and blast mining techniques using excavators and haul trucks. Ore will be crushed, screened and processed through a CIL plant. Ore mined at the Glencoe and Mount Porter deposits is also planned to be processed at Fountain Head. |
Proposed production | Gold dore (147 000 oz Au total over five years) |
Mineral Resource | 2 Mt @ 1.5 g/t Au (Fountain Head) 2.1 Mt @ 1.2 g/t Au (Glencoe) 940 kt @ 2 g/t Au (Tally Ho) 681 kt @ 2.2 g/t Au (Mount Porter) |
Mine life | 5 years |
Feasibility | PFS for sequential development of Fountain Head and Hayes Creek released (ASX: 17 June 2021) |
Approvals | Environmental: NT EPA Assessment Report issued Feb 2023. Mining: Authorised November 2024 |
Proposed schedule | Construction: TBA Production: TBA |
Jobs | Construction: 50 Production: 134 |
CAPEX | $46M (ASX: 20 December 2021) |
Agreements and arrangements | PNX acquisition of Mount Porter gold project completed (ASX: 12 April 2024). Kin Mining NL and PNX merger complete, entity now known as Patronus Resources Ltd (ASX: 1 October 2024). |
In approvals process
Company | Lithium Plus Minerals Ltd |
|---|---|
Company | |
Listing | ASX : LPM Market capitalisation1: $15.3M |
Tenure | ML33873 |
Contact | Bin Guo –Executive Chairman Phone: (+61) 0421 176 099 Email: bguo@lithiumplus.com.au |
Location | 72 km SW of Darwin Port by road |
Mine classification | New greenfields mine |
Description | Underground mine producing a total of ~3.1 Mt of spodumene ore to an approximate depth of 700 m, with on-site crushing and screening to produce a DSO product at 1.43% Li2O. |
Proposed production | 600 kt DSO per annum |
Mineral Resource | 4.1 Mt @ 1.43% Li2O |
Mine life | 6 years |
Feasibility | Currently undertaking an economic evaluation of an underground mine and direct shipping ore pathway for the Lei Deposit. Lithium Plus are working on completing the mine design, and capital and operating cost assessments, and advancing downstream processing arrangements (ASX: 30 January 2026) Scoping Study due Q3 2026 (ASX: 9 June 2026). |
Approvals | 20 year Mining lease granted ML33873 on 21 October 2025 |
Proposed schedule | Construction: 2027 Production: 2028 |
Jobs | Construction: TBA Production: TBA |
CAPEX | TBA |
Agreements / arrangements | Non-binding Memorandum of Understanding (MoU) signed with Canmax for a spodumene offtake agreement (ASX: 11 March 2025). |
Company | Bacchus Resources Pty Ltd |
|---|---|
Company | Bacchus Resources Pty Ltd |
Listing | Private |
Tenure | MLN1139, MLN176 |
Contact | Vaughan Cullen – Managing Director Phone: 03 5448 8880 Email: vpcullen@bacchusresources.com |
Location | Approx 150 km SSE of Darwin |
Mine classification | Reopen mine |
Description | Reopen the historic Brocks Creek and Woolwonga mines. The proposal will involve reprocessing (XRT ore sorting) of 4.2 Mt of mineralised waste contained within the Woolwonga open pit followed by conventional open pit mining methods of the hard rock resource. Reopening of historic open pits at Brocks Creek starting on Faded Lily and then moving onto the Alligator Deposits. Ore from both sites will be processed at a newly constructed conventional CIL process plant at Brocks Creek. |
Proposed production | Gold dore; initial 210 kt pa |
Mineral Resource | 4.2 Mt @ 0.75 g/t Au (Woolwonga Mineralised Waste) 10.9 Mt @ 0.9 g/t Au (Woolwonga Hard Rock) 20.1 Mt @ 0.9 g/t Au (Brocks Creek Hard Rock) excludes Rising Tide and Zappopan deposits |
Mine life | 30+ years |
Feasibility | Feasibility study not publicly available |
Approvals | Mining: Woolwonga Bulk Sample 120 kt Approved. Mining approvals submitted December 2023; under assessment. |
Proposedschedule | Construction: 2027 Production: 2028/29 |
Jobs | Construction: 60 Production: 75 |
CAPEX | $241M |
Company | Castile Resources Ltd |
|---|---|
Company | |
Listing | ASX : CST Market capitalisation1: $26.6M |
Tenure | ELR29957, ELR29958 |
Contact | Mark Hepburn – Managing Director Phone: 08 9488 4480 Email: mark.hepburn@castile.com.au |
Location | 68 km WSW of Tennant Creek |
Mine classification | New greenfields mine |
Description | Development of an underground mine with beneficiation facility and associated infrastructure. Processing will include magnetic separation of magnetite to produce 96.4% magnetite concentrate, gravity separation of gold to produce gold dore, and then flotation of a sulphide concentrate to be shipped to Middle Arm Precinct (MAP) to be processed through a pressure oxidation plant that will produce 99% cobalt and 99% copper, with additional gold and possibly bismuth. |
Proposed production | Annual production of 28 700 oz Au, 6900 t Cu, 300 t Co, 73 300 t magnetite |
Ore Reserve | 3.11 Mt @ 2.02 g/t Au, 1.52% Cu, 0.07% Co, 22.92% magnetite (JORC 2012) |
Mineral Resource | 7.86 Mt @ 1.35 g/t Au, 1.24% Cu, 0.07% Co, 0.11% Bi, 23.97% magnetite |
Mine life | Initial 8 years |
Feasibility | PFS released (ASX: 5 Dec 2022). Awaiting release of updated PFS and Bismuth Scoping Study and subsequent BFS in 2026. |
Approvals | Environmental: Referral to NT EPA submitted October 2023. Terms of Reference for EIS published 9 January 2024. Updated EIS submitted and accepted in Dec 2024. Corresponding documents submitted to Federal EPA under EPBC Act. Updated EIS separates activities proposed at Rover 1 from those at the MAP (ASX Jan 2026). Mining: To be submitted following environmental approvals. |
Proposed schedule | Construction: TBA, awaiting release updated PFS and Bismuth Scoping Study and subsequent BFS in 2026. Production: TBA |
Jobs | Construction: 200 Production: 140 |
CAPEX | Pre-production CAPEX $279.5M (ASX: 5 December 2022) |
Agreements and arrangements | Castile Resources is engaging with the NT Land Corporation regarding a parcel of land at the Middle Arm Development precinct as an alternative location for the downstream processing plant (ASX: 16 July 2024). Significant mine optimisation will be incorporated into BFS update (ASX: 21 Oct 2024). Castile added Bismuth as a by-product (ASX: 30 April 2025). |
Company | Tivan Ltd |
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Company | |
Authorised entity | MNT SPV Pty Ltd |
Listing | ASX : TVN Market capitalisation1: $800.8M |
Tenure | ML23825 |
Contact | Grant Wilson – Executive Chairman Phone: +61 8 9327 0900 |
Location | 240 km NE of Alice Springs |
Mine classification | New brownfields mine |
Description | Proposed open pit mining operation with on-site processing by flotation to produce tungsten and molybdenum concentrates. |
Proposed production | Total production 8583 t WO3 and 3133 t Mo in scheelite and molybdenite concentrates, over 7-year mine life (2018 DFS) |
Mineral Resource | 4.65 Mt @ 0.26% WO3, 0.09% Mo |
Ore Reserve | Open cut Ore Reserve of 3.5 Mt at 0.29% WO3 and 0.12% Mo (probable) (2018 DFS) |
Mine life | Initially 7-year as open pit, with upside potential from subsequent underground potential and from nearby outcropping Bonya tungsten resources, and copper resource at Bonya |
Feasibility | Revised Scoping Study released April 2026. PFS scheduled for Q4 2026, DFS for Sept 2027. FID Oct 2027. |
Approvals | Environmental: Approved Nov 2011 Mining: Pending submission and approval of EML |
Proposed schedule | Construction: 2028 Production: 2029 |
Jobs | Construction: 60 Production: 70 |
CAPEX | $187.3M |
Agreements / arrangements | Tivan Ltd completed acquisition of 100% of the Molyhil Project from Investigator Resources Ltd and Thor Energy PLC for a total consideration of $8.75 million (ASX: 19 January 2026). Tivan and Sumitomo Corporation of Japan signed a Memorandum of Understanding for the Molyhil project. In the agreement, they agree to knowledge sharing and research on identified opportunities for potential collaboration with respect to exploration, development planning, funding, construction, marketing and distribution of the Molyhil project. No party is bound to enter into any commercial agreement, and formalisation of collaboration is subject to negotiation and execution of commercial agreements (ASX: 3 November 2025). Tivan announced a benefits sharing plan with Traditional owners and MoU with Aboriginal Investment NT for a framework for collaborative opportunities to progress the Project (ASX: 24 June 2026). Tivan announced $50 million of staged-terms with Sumitomo Corporation and ETFS Capital with Tivan to retain 82.5% of project interest (ASX: 24 June 2026). |
Company | Tellus Holdings Ltd |
|---|---|
Listing | Private |
Contact | Mr Nate Smith – Managing Director and CEO Phone: (02) 8257 3395 Email: info@tellusholdings.com.au |
Location | 120 km south of Alice Springs |
Mine classification | New greenfields mine |
Description | Underground mine development and integrated waste facility. Development of an underground halite (rock salt) mine, reusing the mined voids for the permanent isolation of hazardous wastes (as listed under the NT Schedule 2 of the Waste Management Pollution Control Regulations). |
Proposed production | Mining of up to 750,000 tpa of salt. Receive up to 400,000 tpa of hazardous waste at the facility gate |
Mineral Resource | 309 Mt Halite (NaCl) (JORC Measured Resource) |
Mine life | 25 years (minimum) |
Feasibility | PFS (FEL 2.5) completed (not publically available) and is progressing to a BFS (FEL 3) |
Approvals | Environmental: NT EPA assessment report issued 30 Nov 2017. Project section 14A Amendment approved by NT EPA in June 2020. Federal EPBC Act approvals issued 5 September 2018. |
Proposed schedule | Construction: TBA awaiting release of a feasibility review Production: TBA |
Jobs | Construction: 300 Production: 150 |
CAPEX | Approx $1,000M |
Developing projects on hold
Company | Winchelsea Mining Pty Ltd |
|---|---|
Listing | Private |
Contact | Mark Hewitt – CEO Winchelsea Mining Phone: (02) 9146 6360 Email: office@wmining.com.au |
Location | Winchelsea Island, off NW coast of Groote Eylandt |
Mine classification | New greenfields mine |
Description | The Winchelsea project involves extraction of manganese ore from nine separate areas on Winchelsea |
Proposed production | Between 0.64-1.01 Mtpa of lump and fine manganese ore |
Ore Reserve | 11.8 Mt @ 26.4% Mn (From Draft EIS) |
Mineral Resource | 18.5 Mt @ 20.9 % Mn (From Draft EIS) |
Mine life | Estimated 11 years |
Feasibility | Feasibility Study completed, not publicly released |
Approvals | Environmental: EIS submitted December 2023; currently under assessment. NT EPA request for additional information in the supplement (16 July 2024). |
Proposed schedule | Construction: 2027/28 Production: Late 2028 |
Jobs | Construction: 100 Production: 55 plus 100 personal support services staff |
CAPEX | $212M |
Agreements / | Winchelsea Mining Pty Ltd is a joint venture between the Anindilyakwa Advancement Aboriginal |
Company | Linecrest Pty Ltd |
|---|---|
Authorised entity | Ridgepeak Holding Pty Ltd (under administration) |
Listing | Private |
Contact | Rodney Illingworth – Managing Director Phone: 0439 844 830 Email: rodney@rai.net.au |
Location | 25 kms NNE of Pine Creek. |
Mine classification | Reopen mine |
Description | Reopen the Frances Creek Iron Ore Mine to extract remnant ore from existing open pits. Conventional |
Proposed production | 1.5 Mtpa of iron ore lump and fines at ~ 60% Fe |
Mineral Resource | 23 Mt @ 53% Fe |
Mine life | Initial 12 months |
Feasibility | No feasibility study publicly reported |
Approvals | Environmental: Approved 2006. Mining: DML approved, Notice to commence mining pending |
Proposed schedule | Construction: On hold Production: On hold |
Jobs | Construction: TBA Production: TBA |
CAPEX | TBA |
| Agreements / arrangements | There have been no recent announcements. |
1All market capitalisation at 01/07/2026