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Developing Projects
As of May 2026, the Northern Territory has 16 developing mining projects worth a combined estimated CAPEX of $6B, and an estimated 2950 jobs in construction and 2450 jobs in production. Four developing mining projects have been put on hold. Nine major mines are currently in operation and seven advanced projects are under feasibility.
Download the February 2026 release of the Mining developments report PDF (6.6 MB).
Download the February 2026 release of the Major mines and projects map PDF (2.6 MB).
The next update of the Mining developments report will be released in July 2026.
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 (September 2026) | Rare Earth Elements, Phosphate | FID announced May 2026. Construction commences September 2026 | 2029 | US$1226M | 682 | 366 | 38 yrs+ |
KGL Resources Ltd | Jervois | Approvals in place | Copper, Silver, Gold | 2026, subject to FID | 2027/28 | $362M | 450 | 500 | 10 yrs |
Avenira Ltd | Wonarah | Approvals in place | Phosphate | 2026 | 2026/27 | Initial $11.5M | 50 | 100 | 30 yrs+ |
PC Gold Ltd | Spring Hill | Approvals in place | Gold | 2027/28, subject to gold processing options | TBA | $23M (subject to development options) | Up to 180 (plant construction) | 145 | Initial 5 yrs |
Vista Gold Corporation | Mount Todd | Approvals in place | Gold | 2027 - Subject to project financing | 2029 | Initial US$425M | 250–450 | 200–400 | 30 yrs |
Verdant Minerals Pty Ltd | Ammaroo | Approvals in place | Phosphate | 2027/28 | 2028/29 | $900M | 400 | 250 | 25 yrs+ |
Patronus Resources Ltd | Fountain Head | Approvals in place | Gold | TBA | TBA | $46M | 50 | 134 | 5 yrs |
Primary Gold Pty Ltd | Mount Bundy | Approvals in place (conditional) | Gold | Approval to commence early works mid 2026 | TBA | $394M | 150 | 200–300 | 11–13 yrs |
Tennant Mines (Tennant-Emmerson JV | White Devil | In approvals process | Gold | 2026/27 | TBA | $11.8M (pre-prod) $32.8M (peak) | TBA | TBA | Initial 7 yrs |
Castile Resources Ltd | Rover 1 | In approvals process | Gold, Copper, Cobalt, Magnetite | TBA, awaiting release of BFS in 2026 | TBA | $279.5M | 200 | 140 | Initial 8 yrs |
Lithium Plus Minerals Ltd | Lei | In approvals process | Lithium | 2027 | 2028 | TBA | TBA | TBA | TBA |
Tivan Ltd | Molyhil | In approvals process | Tungsten, Molybdenum | TBA, awaiting updated PFS in 2026 | TBA | TBA | TBA | TBA | Initial 7 yrs |
Winchelsea Mining Pty Ltd | Winchelsea | In approvals process | Manganese | 2027/28 | 2028 | $212M | 100 | 55 | 11 yrs |
Bacchus Resources Pty Ltd | Brocks Creek | In approvals process | Gold | TBA | TBA | $65M | 60 | 75 | 30+ yrs |
Tungsten Mining NL | Hatches Creek | In approvals process | Tungsten | TBA | TBA | TBA | TBA | TBA | TBA |
Tellus Holdings Ltd | Chandler | In approvals process | Salt & Storage | TBA, awaiting release of a feasibility review in 2026 | TBA | $1000M | 300 | 150 | 25 yrs+ |
| TOTAL | $6B | ~2950 | ~2450 |
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 |
|---|---|---|---|---|---|---|---|---|---|
Patronus Resources Ltd | Hayes Creek | On hold | Gold, Silver, Zinc | To be developed sequentially after Fountain Head | TBA | $65M | 150 | 130 | 6.6 yrs |
Northern Territory Iron Ore Pty Ltd (in voluntary administration) | Roper Valley | On hold | Iron Ore | On hold | TBA | $312M (from 2022) | 100 | 120 | 25 yrs+ |
Lucapa Diamond Company Ltd | Merlin | On hold | Diamonds | On hold | TBA | TBA | TBA | TBA | 14 yrs |
Linecrest Pty Ltd (in voluntary administration | Frances Creek | On hold |
Iron Ore |
On hold |
TBA | TBA | TBA | TBA | Initial 12 months |
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 | Leliyn | 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 testwork will assess the extraction of gallium and rutile. Kingsland is working to increase the proportion of Indicated Mineral Resources (ASX: 11 December 2025). The application for a Mining Lease is progressing (ASX: 11 Dec 2025). | ||||
| Thessally Resources Pty Ltd | Huandot | 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 | Warrego | Copper, Gold | 16.5 Mt @ 1.3% Cu, 1.1g/t Au | Feasibility study underway on Warrego project including adding copper float circuit to Nobles gold plant. (Pan African Resources PLC presentation, 11 June 2025). The study is expected to be completed by the end of FY2026 (Pan African Resources, Annual Report, October 2025). | ||||
| CuFe Ltd (55%) Gecko Mining Pty Ltd (45%) | Gecko & Orlando |
Gold, Copper, Silver, Bismuth | 18.39 Mt @ 2.01% Cu, 5.996 Mt @ 1.16% Cu, 1.49 g/t Au, 1.37 g/t Ag and 0.07% 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). In May 2026, Tennant Mining announced a $15M strategic investment into CuFe Ltd, representing an almost 15% shareholding. | ||||
MGX Resources Ltd-Tanami Gold NL | Gold | 31 Mt @ 2.8g/t Au including Groundrush deposit containing 11 Mt @ 3.3g/t Au | 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 Howley, 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 | Barkly | 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 expect to progress an extension drillng 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 capitalisation: $1.07B |
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 |
Approvals | Environmental: NT EPA approval Dec 2017; variation assessment completed Sept 2019. EPBC approval Mining: Mining Authorisation issued Nov 2022 Community: Native Title Agreement executed with Native Title Holders in June 2020. Groundwater extraction licence granted in March 2023. |
Proposed schedule |
|
Jobs | Construction: 682 Production: 366 |
CAPEX | $US1225M (ASX: 20 May 2025) |
Agreements and | 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 500tpa 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 500tpa 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. These arrangements, together with existing agreements with Hyundai, Kia, Siemens Gamesa and Traxys Europe SA, satisfied Arafura’s targeted offtake requirements and supported the company’s subsequent Final Investment Decision for the Nolans Project (ASX: 21/05/2026). |
Approvals in place
Company | KGL Resources Ltd |
|---|---|
Authorised entity | Jinka Minerals Pty Ltd |
Listing | ASX : KGL Market capitalisation: $188.9M |
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, pending FID Production: 2027/28 |
Jobs | Construction: 450 Production: 500 |
CAPEX | $362M (ASX: 10 Feb 2025) |
| OPEX | $208M (ASX: 10 Feb 2025) |
Agreements and | 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). |
Company | Avenira Ltd |
|---|---|
Authorised entity | Minemakers Australia Pty Ltd |
Listing | ASX : AEV Market capitalisation: $20.9M |
Contact | Brett Clark – Deputy Executive Chairman Phone: (08) 9264 7000 Email: bclark@avenira.com |
Location | 250 kms east of Tennant Creek |
Mine classification | New greenfields mine |
Description | Open pit mining of 1.3 Mtpa of phosphate from the Arruwurra deposit at Wonarah, and production of a DSO product for export of phosphate rock. Feasibility underway for a beneficiation plant for lower grade feedstocks, and potential future Yellow Phosphorus plant. |
Proposed production | DSO: 1.3 Mt per annum |
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) |
Approvals | Environmental: Approved June 2013 |
Proposed schedule | Construction: 2026 Production: 2026/27 |
Jobs | Construction: 50 Production: 25–50 |
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). Avenira has boosted its technical team and engaged consultants to advance operational planning, technical verification, and tendering at Wonarah, targeting direct shipping ore production in CY 2026 (Q4 report 2025). |
Company | PC Gold Ltd |
|---|---|
Authorised entity | TM Gold Pty Ltd |
Listing | ASX: PC2 Market captialisation: $164.7M |
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 |
Proposed production | Total production of 102 000 ounces 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 | Initial 5 yrs |
Feasibility | PFS study is ongoing, with GR Engineering Services Ltd appointed as study managers. A standard CIL plant is proposed, with gravity gold recovery, with a throughput of 2 – 3 Mtpa. DFS is progressing for the approved DML. It will include conceptual designs for a Tails Storage Facility with an estimated capacity of ~ 17 Mt and mine plans will be reoptimized and updated once an updated resource model is complete. (PC Gold presentation, February 2026) |
| Approvals | Environmental: NT EPA assessment not required (decision in July 2018); Federal approval under EPBCAct (March 2021) Mining: Authorisation issued April 2022 (DML for open cut mining only) |
Proposed schedule | Construction: TBA pending decision on ore processing options Production: TBA |
Jobs | Construction: up to 180 Production: 145 |
CAPEX | $23M (existing DML) |
Company | Vista Gold Corporation |
|---|---|
Authorised entity | Vista Gold Australia Pty Ltd |
Listing | NYSE : VGZ TSX : VGZ Market capitalisation: US$344.2M |
Contact | Brent Murdoch – Director & 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 onsite processing through newly |
Proposed production | Smaller scale, higher grade project with production of 146 koz per annum (Vista Gold news, 29 July 2025) |
| Ore Reserve | 172 Mt @ 0.94 g/t Au |
Mine 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), most recent Updated Feasibility study released in July 2025 for a 15 ktpd operation (N43-101 updates released on SEDAR 11 September 2025 |
Approvals | Environmental: June 2014 (NT), Federal EPBC approvals issued Jan 2018. Mining: Mining authorisation in June 2021. |
Proposed schedule | Construction: Subject to project finance, 2027 Production: 2029 |
Jobs | Construction: 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 |
|---|---|
Listing | ASX : PTN Market capitalisation: $105M |
Contact | John Ingram – Chief Executive Officer Phone: (08) 8364 3188 Email: j.ingram@patronusresources.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 |
Proposed production | Gold dore (147 000 oz Au and total over five years) |
Mineral Resource | Fountain Head: 2.94 Mt @ 1.7 g/t Au (includes the Tally Ho deposit) |
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 |
Proposed schedule | Construction: TBA Production: TBA |
Jobs | Construction: 50 Production: 134 |
CAPEX | $46M (ASX 20 Dec 2021) |
Agreements and | 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). |
Company | Verdant Minerals Ltd |
|---|---|
Authorised entity | Territory Phosphate Pty Ltd |
Listing | Private |
Contact | Chris Tziolis – Managing Director Phone: (08) 8942 0385 Email: ctziolis@verdantminerals.com.au |
Location | 220 kms 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 fertilizers. |
Proposed production | 400 kt to 500 kt per annum. |
Mineral Resource | 1145 Mt @ 14% P2O5 (10% cut-off) or 338 Mt @ 18% P2O5 (15% cut-off) |
Mine life | 25 years + |
Feasibility | Feasibility on phosphate rock concentrate project released (ASX: 17 May 2018) |
Approvals | Environmental: Approved October 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 Mining: EML approved 8 October 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 | Primary Gold Pty Ltd |
|---|---|
Authorised entity | Primary Minerals Pty Ltd |
Listing | Private (parent company China Hanking Holdings Ltd listed on the HKSE) |
Contact | Dr Mark Qiu – Managing Director & CEO Phone: 0424288016 Email: qiuym@hanking.com.au |
Location | 100kms SE of Darwin |
New brownfields mine | New brownfields mine |
Description | The operation will include open pit bulk mining at existing pits at Rustlers Roost and Quest 29, |
Proposed production | Average annual production of 131 790 oz Au for 11-13 years (November 2023 DFS) |
Ore Reserve | Open Pit: 53.6 Mt @ 0.8 g/t Au for 1.39 Moz Au (2023 DFS) |
Mineral Resource | 109 Mt @ 0.9 g/t Au for 3.0 Moz Au (Dec 2021) |
Mine life | 11-13 years |
Feasibility | DFS released 13 November 2023 |
Approvals | Environmental: Tom’s Gully environmental approval issued Feb 2020. Rustlers Roost and Quest 29 |
Proposed schedule | Construction: Early works in mid 2026 Production: TBA |
Jobs | Construction: 150 Production: 200-300 |
CAPEX | $394M (November 2023 DFS) |
| Agreements and arrangements | China Hanking Holdings Ltd announced to the HKSE the termination of its Share Sale Agreement with Huineng Gold Pty Ltd, a subsidiary of Inner Mongolia Huineng Coal and Electricity Group Co Ltd, for the sale of its subsidiary Primary Gold (HKSE: On 1 July 2025). Consequently, development of Mt Bundy will now progress through a new corporate structure through a separate listing of Hanking Gold. In May 2026, Primary Gold received conditional deemed mining licence to commence enabling works onsite to support the development of Mount Bundy gold project. |
In approvals process
Company | Tennant Mines - Emmerson Resources JV |
|---|---|
| Authorised entity | Santexco Pty Ltd |
Listing | ASX : ERM Market capitalisation: $192.3M |
Contact | Mike Dunbar – Managing Director and CEO, Emmerson Resources Ltd Phone: +61 8 9381 7838 Email: corporate@emmersonresources.com.au |
Location | 40km northwest 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. |
| Proposed production | ~64 000 oz Au (planned average under base case design in Scoping Study) |
| Mineral Resource | 4.7 Mt @ 4.1 g/t Au for 616 200 oz Au (ASX: 20 November 2025) |
| Mine Life | ~7 years (based on Scoping Study) |
| Feasibility | Scoping Study completed (July 2025). Feasibility Study work underway with completion expected in 2026. |
| Approvals | Mining: E(M)L submitted |
| Proposed schedule | Construction: 2026/27 Production: TBA |
| Jobs | Construction: TBA Production: TBA |
| CAPEX | $11.8M, with peak capital needs of about $32.8M during ramp-up (Scoping Study). |
| Agreements and arrangements | White Devil is now Major Mine status under the Tennant Creek JV, meaning Emmerson retains ~40% contributing interest and Tennant Mines (Pan African) ~60%. Tennant Mines will be the operating partner on the White Devil project. |
Company | Castile Resources Ltd |
|---|---|
Listing | ASX : CST Market capitalisation: $41.6M |
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 MASDP 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 and 22.92% Magnetite (JORC 2012) |
Mineral Resource | 7.86 Mt @ 1.35 g/t Au, 1.24% Cu, 0.07% Co, 0.11% Bi, 23.2% magnetite (ASX: 20 October 2025) |
Mine life | Initial 8 years |
Feasibility | PFS released (ASX: 5 Dec 2022) |
Approvals | Environmental: Referral to NT EPA submitted October 2023. Terms of Reference for EIS published 9 January 2024. An updated EIS was submitted to the NT EPA, and was accepted in December. A corresponding document was submitted to the Federal EPA under the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act). The updated EIS separates the activities proposed at Rover 1 from those at the MAP (ASX: 30 January 2026). Mining: To be submitted following environmental approvals |
Proposed schedule | Construction: TBA, awaiting release of BFS in 2026 Production: TBA |
Jobs | Construction: 200 Production: 140 |
CAPEX | Pre-Production Capex $279.5 Million (ASX: 5 Dec 2022) |
| Agreements and arrangements | Castile Resources is engaging with the NT Land Corporation regarding a parcel of land at the Middle Arm Sustainable 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). Bismuth as a by-product added to the BFS that is due in 2025 (ASX: 30 April 2025). |
Company | Lithium Plus Minerals Ltd |
|---|---|
Listing | ASX: LPM Market capitalisation1: $17.3M |
Contact | Bin Guo - Executive Chairman |
| Location | 72 km SW of Darwin Port by road |
| Mine classification | New greenfields mine |
| Description | Underground mine producing total of ~3.1 Mt of spodumene ore to an approximate depth of 700 m, with onsite crushing and screening to produce a DSO product at 1.43% Li2O. |
| Proposed production | 600 kt DSO per annum |
| Mineral Resource | 4.1 Mt @ 1.48%Li2O |
| Mine life | 6 years |
| Feasibility | Currently undertaking an economic evaluation of an underground mine and direct shipping ore pathway for the Lei deposit |
| Approvals | Environment: Notice of decision and Statement of Reasons – assessment by Supplementary Environmental Report (SER) issued by the NT EPA for the Lei project on 4 February 2025. Mining: To be submitted following environmental approvals. Lithium Plus are continuing to progress their Supplementary Environmental Report, with further studies on socio-economic impact, cultural heritage and inland water quality to begin (ASX: 23 July 2025). Lithium Plus was granted a 20-year Mining Lease (ML) 33873 for the Lei Lithium project (ASX: 30 January 2026). |
| 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 | Tivan Ltd |
|---|---|
Authorised entity | MNT SPV Pty Ltd |
Listing | ASX : TVN Market capitalisation: $973.9M |
Contact | Grant Wilson – Executive Chairman |
Location | 240 km northeast of Alice Springs |
Mine classification | New brownfields mine |
Description | Proposed open pit mining operation with on-site processing by flotation to produce tungsten and |
Proposed production | Total production 8583 t WO3 and 3133 t Mo in scheelite and molybdenite concentrates, over 7 year |
Ore Reserve | Open cut Ore Reserve of 3.5 Mt at 0.29% WO3 and 0.12% Mo (probable) (2018 DFS) |
Mineral Resource | 4.65 Mt @ 0.26% WO3, 0.09% Mo (ASX: 28 May 2024) |
Mine life | Initially 7 year as open pit, with substantial upside potential from subsequent underground potential and from nearby outcropping Bonya tungsten resources, and copper resource at Bonya. |
Feasibility | DFS released (THR ASX: 23 Aug 2018). |
Approvals | Environmental: Approved Nov 2011 |
Proposed schedule | Construction: TBA Production: TBA |
Jobs | Construction: 60 Production: 70 |
Capex | $69M |
Agreements / | 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). In November, 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 are now preparing a development plan for the project, to identify new areas of mineralization for the project and conducting preliminary commercial and technical assessment in support of a PFS (ASX: 19 January 2026). |
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 | Bacchus Resources Pty Ltd |
|---|---|
Listing | Private |
Contact | Vaughan Cullen – Managing Director
|
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 |
Proposed production | Gold dore; initial 210 kt pa |
Mineral Resource | Woolwonga Mineralised Waste - 4.2 Mt @ 0.75 g/t Au (101 kOz) |
Mine life | 30 years + |
Feasibility | Feasibility study not publicly available |
Approvals | Mining: Woolwonga Bulk Sample 120kt Approved. EML submitted December 2023; under assessment |
Proposed schedule | Construction: TBA Production: TBA |
Jobs | Construction: 60 Production: 75 |
CAPEX | $65M |
Company | Tungsten Mining Ltd |
|---|---|
Listing | ASX : TGN Market capitalisation: $335.1M |
Contact | TBA |
Location | Approx 375 km north east of Alice Springs |
Mine classification | New brownfields mine |
Description | Two-stage development strategy for the Hatches Creek project: initially processing historic surface stockpiles to enable near-term production, followed by mining and processing of the tungsten-copper mineralisation defined in the project’s Mineral Resource Estimate (MRE). |
| Proposed production | TBA |
| Mineral Resource | 12 Mt @ 0.17% WO3, 0.12% Cu (tungsten domain) 6.1 Mt @ 0.29% Cu (copper domain) |
| Mine Life | TBA |
| Feasibility | TBA |
| Approvals | Environmental: EPA referral and mining license for the long-term open-pit plan are still pending. Mining: Environmental (Mining) Licence for Stage 1 has been submitted (ASX: 20 March 2025) and Tungsten Mining continue to progress the mining application for Stage 2 (ASX: 30 January 2026). |
| Proposed schedule | Construction: TBA Production: TBA |
| Jobs | Construction: TBA Production: TBA |
| CAPEX | TBA |
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 | Patronus Resources Ltd |
|---|---|
Listing | ASX : PTN Market capitalisation: $105M |
Contact | John Ingram – Chief Executive Officer Phone: (08) 8364 3188 Email: j.ingram@patronusresources.com.au |
Location | 45 km NW of Pine Creek |
Mine classification | New brownfields mine |
Description | Open cut and underground mining operations at the historic Iron Blow and Mt Bonnie mines with |
Proposed production | 18 300 tpa Zn, 14 700 tpa Au, and 1.4 Mozpa Ag in a zinc concentrate and a precious metals concentrate |
Mineral Resource | 4.1 Mt @ 4.35% Zn, 1.81 g/t Au, 124 g/t Ag, 0.91% Pb and 0.25% Cu (ASX: 3 May 2017) |
Mine life | 6.6 years |
Feasibility | Scoping Study completed Mar 2016 & PFS completed in July 2017. Updated PFS for sequential |
Approvals | Environment: Terms of Reference for EIS issued by EPA on 2 August 2019. Environmental approvals |
Proposed schedule | Construction: TBA, sequentially after Fountain Head Production: TBA |
Jobs | Construction: 150 Production: 130 |
CAPEX | Approximately $65M (PFS June 2021) |
Agreements / | 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). |
Company | Northern Territory Iron Ore Pty Ltd |
|---|---|
| Authorised entity | Northern Territory Iron Ore Pty Ltd (wholly owned subsidiary of NRR Pty Ltd) |
Listing | Private |
Contact | Simon Peat – Project Director |
Location | 135 km ENE of Mataranka |
Mine classification | Reopen mine |
Description | Conventional open pit mining from Deposit C. On-site processing will involve conventional crushing and screening, to produce 1-2 Mtpa of saleable DSO. |
Proposed production | Iron Ore (1-5 Mtpa) |
Mineral Resource | 488.1 Mt @ 41.7% Fe incl. 41.1 Mt @ 57.8% Fe |
Mine life | 25 years + |
Approvals | Environmental: NT EPA in May 2014 & EPBC in April 2015. |
Proposed schedule | Construction: TBA Production: TBA |
Jobs | Construction: 100 Production: 120 |
Capex | $312M (from 2022) |
Company | Lucapa Diamond Company Ltd |
|---|---|
Authorised entity | Australian Natural Diamonds Pty Ltd (under voluntary administration) |
Listing | ASX : LOM Market capitalisation1: N/A |
Contact | Neil Kaner – Project Director |
Location | 80 km south of Borroloola |
Mine classification | Reopen mine |
Description | Proposed open pit and veritcal pit mining of existing and remaining kimberlite diamond pipes. The mine operated from 1999-2003, during which time it produced about 500,000 carats (100 kg) of high quality diamonds. |
Proposed production | 314,000 ct total over 4 year mine life |
Mineral Resource | 27.8 Mt @ 0.16 ct/t diamonds |
Mine life | 14 years |
Feasibility | Scoping Study released in 2022 (ASX: 3 March 2022). Results of smaller scale project study released (ASX: 25 November 2024). |
Approvals | Mining: EML application for smaller scale project on hold. |
Proposed schedule | Construction: On hold Production: On hold |
Jobs | Construction: TBA Production: 128 |
CAPEX | TBA |
| Agreements/arrangements | Lucapa Diamonds entered voluntary administration in May 2025 (ASX: 23 May 2025). In August 2025, it was reported that the Administrators for Lucapa Diamonds had signed a deed of company arrangement with Gaston International, which agreed to inject about a $15M. The deal would see creditors paid in full. Gaston International is the energy and precious metals arm of Jemora Group, a UAE-based metals and mining conglomerate. There have been no recent announcements. |
Company | Linecrest Pty Ltd |
|---|---|
Authorised entity | Ridgepeak Holding Pty Ltd (under voluntary 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 21/02/2026