# Mining News in New South Wales

Canonical page: https://atlas-extractions.minestarters.com/news?regions=australia_nsw

Atlas summarizes and classifies mining-industry stories from third-party publishers. Follow each source link for the original reporting.

Results: 36
Returned: 10
Coverage: drill results, resource updates, and metallurgy; primary commodity matching; all time unless dates are supplied.
Region: New South Wales (australia_nsw)
Applied filters: {"regions":["australia_nsw"],"document_types":["drill_results","resource_update","metallurgy"],"document_type_match":"any"}
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## Up the Curve: Explorers for copper, producers for lithium – how Rick Squire plays the metals

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/up-the-curve-explorers-for-copper-producers-for-lithium-how-rick-squire-plays-th--898d7cb3-abf6-410f-8c6b-0de97b6f3524) · [Markdown](https://atlas-extractions.minestarters.com/news/up-the-curve-explorers-for-copper-producers-for-lithium-how-rick-squire-plays-th--898d7cb3-abf6-410f-8c6b-0de97b6f3524.md)
- Original announcement: 2026-09-23T20:20:33.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Waratah Minerals (WTM)
- Original source: [stockhead](https://stockhead.com.au/resources/up-the-curve-explorers-for-copper-producers-for-lithium-how-rick-squire-plays-every-metal-differently/)
- Atlas sentiment: 0.649
- Atlas tags: Bonanza Intercept

Waratah Minerals (ASX:WTM) reported a significant drill result at its Spur gold project in New South Wales, featuring 46 metres at 7.27 g/t gold. The result is noted as the best to date for the site and has contributed to a 35% rise in share price.

## Red Mountain Mining Limited Drilling Completed at Armidal Antimony-Gold Project

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/red-mountain-mining-limited-drilling-completed-at-armidal-antimony-gold-project--be6277b4-2474-43b6-b4aa-059dbd61acfa) · [Markdown](https://atlas-extractions.minestarters.com/news/red-mountain-mining-limited-drilling-completed-at-armidal-antimony-gold-project--be6277b4-2474-43b6-b4aa-059dbd61acfa.md)
- Original announcement: 2026-09-22T21:57:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Red Mountain Mining Limited (RMX)
- Original source: [investingnews](https://investingnews.com/red-mountain-mining-limited-drilling-completed-at-armidal-antimony-gold-project/)
- Atlas sentiment: 0.149
- Atlas tags: Nearology Play, Infill Drilling

Red Mountain Mining has completed its maiden reverse circulation (RC) drilling program at the Oaky Creek antimony prospect in New South Wales. A total of 20 holes (1,776m) were drilled to test four priority targets, with assay results expected in mid-November 2026.

## Kincora Provides Drilling Update Supporting New Province-Scale Potential

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/kincora-provides-drilling-update-supporting-new-province-scale-potential--b79722e2-91dc-40f3-8acf-8148b63a07d8) · [Markdown](https://atlas-extractions.minestarters.com/news/kincora-provides-drilling-update-supporting-new-province-scale-potential--b79722e2-91dc-40f3-8acf-8148b63a07d8.md)
- Original announcement: 2026-09-22T11:30:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Kincora Copper Limited (KCC.V)
- Original source: [orestocks](https://orestocks.com/company/KCC.V/press-releases/8199526751292307)
- Atlas sentiment: 0.503
- Atlas tags: True Width Disclosed, QA/QC Disclosed, Compositing Transparent, QP/CP Signed, Step-Out Extension, Infill Drilling, Deleterious Elements Present

Kincora Copper Limited provides an update on drilling activities at its Nevertire South and Nyngan licences in the Northern Junee-Narromine Belt, Australia. The program, in partnership with AngloGold Ashanti, has identified porphyry-style copper-gold mineralization and expanded the prospective strike length to over 40km. While several holes returned encouraging copper and gold grades, particularly NEDD011, many assays are still pending, and true widths are not yet known.

## Adavale turns zero into 383koz gold in 20 months at Parkes

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/adavale-turns-zero-into-383koz-gold-in-20-months-at-parkes--c1908e2f-2169-4261-8d31-40758b9085c4) · [Markdown](https://atlas-extractions.minestarters.com/news/adavale-turns-zero-into-383koz-gold-in-20-months-at-parkes--c1908e2f-2169-4261-8d31-40758b9085c4.md)
- Original announcement: 2026-09-22T01:44:20.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Adavale Resources (ADD)
- Original source: [stockhead](https://stockhead.com.au/resources/adavale-turns-zero-into-383koz-gold-in-20-months-at-parkes/)
- Atlas sentiment: 0.706
- Atlas tags: Tonnage Growth, Indicated Resource, Maiden Resource, Cut-off Disclosed

Adavale Resources has expanded its Parkes gold project resource to 383,300oz of contained gold from a base of zero in early 2025. The update is driven by a modern 85-hole drilling campaign, significantly increasing the London-Victoria resource to 9.74Mt at 0.84g/t Au.

## StockTake: Adavale lifts Parkes gold resource to 383koz

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/stocktake-adavale-lifts-parkes-gold-resource-to-383koz--5c6eeea1-72af-4cb5-8439-4098b7764ee7) · [Markdown](https://atlas-extractions.minestarters.com/news/stocktake-adavale-lifts-parkes-gold-resource-to-383koz--5c6eeea1-72af-4cb5-8439-4098b7764ee7.md)
- Original announcement: 2026-09-22T01:20:07.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Adavale Resources (ADD)
- Original source: [stockhead](https://stockhead.com.au/stockhead-tv/stocktake/stocktake-adavale-lifts-parkes-gold-resource-to-383koz/)
- Atlas sentiment: 0.686
- Atlas tags: Contained Metal Growth

Adavale Resources has increased its Parkes gold resource in New South Wales to 383,000oz. This growth was primarily driven by a major uplift at the London-Victoria zone, which now contains approximately 263,000oz of gold following a significant drilling campaign.

## Waratah Minerals strikes 46m at 7.27g/t gold as Spur discovery grows

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/waratah-minerals-strikes-46m-at-7-27g-t-gold-as-spur-discovery-grows--442a95f3-d237-4235-9a49-909f021915f3) · [Markdown](https://atlas-extractions.minestarters.com/news/waratah-minerals-strikes-46m-at-7-27g-t-gold-as-spur-discovery-grows--442a95f3-d237-4235-9a49-909f021915f3.md)
- Original announcement: 2026-09-22T01:09:07.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Waratah Minerals (WTM)
- Original source: [stockhead](https://stockhead.com.au/resources/waratah-minerals-strikes-46m-at-7-27g-t-gold-as-spur-discovery-grows/)
- Atlas sentiment: 0.748
- Atlas tags: Bonanza Intercept, Apparent Width Only, Step-Out Extension

Waratah Minerals has reported significant gold drill results at the Spur project in NSW, highlighted by a 46m intercept at 7.27 g/t gold. The drilling (hole SPD075) extended the Consols zone and identified multiple high-grade domains, providing evidence of a large-scale, coherent gold system.

## Assays at Trunkey show more gold at play than what the old timers turned up

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/assays-at-trunkey-show-more-gold-at-play-than-what-the-old-timers-turned-up--e511ba9d-dbe0-434a-9cfb-caef75a07ab2) · [Markdown](https://atlas-extractions.minestarters.com/news/assays-at-trunkey-show-more-gold-at-play-than-what-the-old-timers-turned-up--e511ba9d-dbe0-434a-9cfb-caef75a07ab2.md)
- Original announcement: 2026-09-21T03:17:13.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Argent Minerals (ARD)
- Original source: [stockhead](https://stockhead.com.au/resources/assays-at-trunkey-show-more-gold-at-play-than-what-the-old-timers-turned-up/)
- Atlas sentiment: 0.456
- Atlas tags: Step-Out Extension, Infill Drilling, Nearology Play

Argent Minerals' maiden diamond drilling at the Trunkey Creek project has confirmed gold mineralisation beyond the limits of historic underground workings. High-grade intercepts of up to 15.84 g/t gold were reported in narrow quartz veins, providing a calibration point for future deeper testing.

## Larvotto Strikes Gold at Midas as Hillgrove Transitions into Active Commercial Production

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-p--560bdc11-6bb0-42be-a795-c6d756268078) · [Markdown](https://atlas-extractions.minestarters.com/news/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-p--560bdc11-6bb0-42be-a795-c6d756268078.md)
- Original announcement: 2026-09-18T00:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Larvotto Resources (LRV)
- Original source: [cruxinvestor](https://www.cruxinvestor.com/posts/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-production)
- Atlas sentiment: 0.701
- Atlas tags: Production, Step-Out Extension, High Recovery, Mill Route, Single Domain Only

Larvotto Resources has successfully commissioned the Hillgrove processing plant in New South Wales, hitting its production timeline. The company has also identified the Midas gold discovery near existing workings and is successfully recovering tungsten (90% recovery) as a third payable metal.

## Argent confirms visible gold where Trunkey’s old-timers left off

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/argent-confirms-visible-gold-where-trunkey-s-old-timers-left-off--c68c2345-f874-4fb0-a6b6-e51dce9b3324) · [Markdown](https://atlas-extractions.minestarters.com/news/argent-confirms-visible-gold-where-trunkey-s-old-timers-left-off--c68c2345-f874-4fb0-a6b6-e51dce9b3324.md)
- Original announcement: 2026-09-16T04:35:43.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Argent Minerals (ARD)
- Original source: [stockhead](https://stockhead.com.au/resources/argent-confirms-visible-gold-where-trunkeys-old-timers-left-off/)
- Atlas sentiment: 0.311
- Atlas tags: Step-Out Extension, No QA/QC Disclosure

Argent Minerals has reported visible gold in two quartz veins within hole ATDD002 at the Trunkey Creek project in NSW. The gold was observed at depths of 91.8m and 98.1m, below historical underground workings.

## Waratah’s Consols gold delivers up to 93pc recovery

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/waratah-s-consols-gold-delivers-up-to-93pc-recovery--9c59aa26-5610-402f-a476-353fa44cb4cd) · [Markdown](https://atlas-extractions.minestarters.com/news/waratah-s-consols-gold-delivers-up-to-93pc-recovery--9c59aa26-5610-402f-a476-353fa44cb4cd.md)
- Original announcement: 2026-09-16T02:57:15.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Waratah Minerals (WTM)
- Original source: [stockhead](https://stockhead.com.au/resources/waratahs-consols-gold-delivers-up-to-93pc-recovery/)
- Atlas sentiment: 0.467
- Atlas tags: Free Milling, Mill Route, Gravity Route, Multi-Domain Tested

Waratah Minerals reported strong gold recoveries of 89-93% from early testwork on the Consols Zone at its Spur project in NSW. The results, achieved via gravity recovery followed by conventional cyanide leaching, mirror previous successful testwork on the neighbouring Spur Zone and support a straightforward processing flowsheet.

# Atlas tag definitions

- **Bonanza Intercept:** Exceptionally high-grade zone, well above the deposit-type norm.
- **Metal Equivalent Opaque:** Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
- **True Width Disclosed:** Actual thickness perpendicular to structure is stated, not just downhole length.
- **Apparent Width Only:** Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
- **QA/QC Disclosed:** Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
- **Compositing Transparent:** Cut-off grade and internal dilution rules are clearly stated for reported intervals.
- **No QA/QC Disclosure:** Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Step-Out Extension:** Mineralization extended beyond the previously known limit.
- **Infill Drilling:** Confirmatory drilling to raise resource confidence, not new discovery.
- **Stale Data Re-release:** Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
- **Deleterious Elements Present:** A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Nearology Play:** Value premise rests on proximity to a known deposit rather than own results.
- **Measured Resource:** Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
- **Indicated Resource:** Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
- **Proven Reserve:** Measured Resource with demonstrated economic viability after applying modifying factors.
- **Probable Reserve:** Indicated Resource with demonstrated economic viability after applying modifying factors.
- **Inferred Resource:** Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
- **All Inferred:** M&I share below the weak bound — very early stage, no engineering confidence.
- **Tonnage Growth:** Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
- **Grade Improvement:** Average resource grade improved vs prior estimate — better deposit economics.
- **Contained Metal Growth:** True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
- **Category Upgrade:** Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
- **Tonnage Decline:** Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
- **Grade Decline:** Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
- **Contained Metal Decline:** Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
- **Category Downgrade:** Resource confidence decreased — Measured downgraded to Indicated, or Indicated to Inferred. Unusual and concerning.
- **Dilutive Growth:** Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
- **Cut-off Lowered:** Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Stale Estimate:** Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
- **QP/CP Signed:** Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
- **Cut-off Disclosed:** Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
- **JORC Compliant:** Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
- **NI 43-101 Compliant:** Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
- **Historical Estimate Only:** Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
- **No Contained Metal:** Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
- **No QP/CP Disclosure:** No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
- **Maiden Resource:** First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.
- **Resource Update:** Revised estimate for an existing resource — compare to prior to assess progress.
- **PEA-Supporting:** Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
- **PFS-Supporting:** Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
- **DFS-Supporting:** Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
- **High Recovery:** Recovery at or above the exceptional band for the commodity and processing route.
- **Pilot Scale Complete:** Pilot or demonstration plant testing completed under continuous operation.
- **Free Milling:** Simple, clean ore amenable to standard processing without oxidation.
- **Multi-Domain Tested:** Variability across ore domains (oxide, transition, fresh) has been addressed.
- **Recovery Improving:** Recovery improved versus a like-for-like prior test program on the same domain and route.
- **Low Recovery:** Recovery below the weak band for the commodity and processing route.
- **Bench Scale Only:** Only preliminary bench tests completed — no locked-cycle or pilot work.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Single Domain Only:** Testing limited to one composite or domain — representativeness not established.
- **Recovery Stagnant:** No improvement across multiple test programs on comparable material.
- **Theoretical Recovery Only:** Only theoretical or liberation-derived recovery reported, with no actual test result.
- **Heap Leach Route:** Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
- **Mill Route:** Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
- **Gravity Route:** Gravity separation forms a material part of the flowsheet.
- **POX/BIOX Route:** Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
- **Byproduct Commodity:** The tested commodity is a byproduct rather than the primary economic driver.
- **DFS Bankable:** AACE Class 2-1 study complete and within the staleness window.
- **PFS Complete:** AACE Class 3 study complete.
- **PEA Only:** Only Class 4 / Initial Assessment economics available. Not bankable.
- **No Study:** No formal economic study — no engineering basis for the economics quoted.
- **Stale Study:** Beyond the staleness window measured from the estimate base date.
- **Inferred Heavy Feed:** Material Inferred share of LOM mill feed, or the share is undisclosed.
- **Resource Governance Undisclosed:** No QA/QC, top-cut methodology or QP independence disclosed. Caps study quality at the moderate tier.
- **NPV Cut vs Prior Study:** A restated study reduces NPV materially against its own predecessor on the same asset.
- **High IRR:** Post-tax real unlevered IRR in the strong tier or better.
- **Low IRR:** IRR below the moderate tier.
- **Below Jurisdiction Hurdle:** IRR below the greenfield or brownfield hurdle for its jurisdiction tier.
- **IRR Basis Undisclosed:** Real vs nominal not stated, so the tier is not comparable across studies.
- **Undervalued PNAV:** Funding-adjusted P/NAV in the strong tier or better.
- **Overvalued PNAV:** Funding-adjusted P/NAV in the red-flag tier.
- **Fast Payback:** Payback in the strong tier or better, on the required basis.
- **Slow Payback:** Payback in the weak tier or worse.
- **Bottom Quartile Cost:** P0-25 of the relevant commodity cost curve.
- **Top Quartile Cost:** P75-100 of the relevant commodity cost curve — first to cut in a downturn.
- **Cost Basis Undisclosed:** By-product vs co-product not stated, so quartile placement is unreliable.
- **Low Capital Intensity:** Below the benchmark for its project type.
- **High Capital Intensity:** Above the benchmark for its project type.
- **Conservative Pricing:** Conservative on the worst of the spot, 3-year and consensus comparisons.
- **Aggressive Pricing:** The study only works on a stretched price deck.
- **No Price Sensitivity:** No price sensitivity disclosed — treated as a deliberate signal, not a neutral gap.
- **No Discount Rate Sensitivity:** Blocks NPV normalisation to the common rate without reconstruction.
- **Price Deck Unstructured:** Prices given only as free text, so conservatism cannot be scored.
- **Long Reserve Life:** Reserve life index in the top tier of the single ladder.
- **Short Reserve Life:** Reserve life index in the critical tier.
- **Resource Life Upside:** Wide gap between reserve life and resource life — conversion upside rather than discovery dependence.
- **Fully Funded:** Funding coverage at or above 1.0x counting committed facilities only.
- **Material Funding Gap:** Funding coverage below the substantially-funded band.
- **Funding Gap Exceeds Market Cap:** Red flag regardless of headline NPV — the upside is not reachable by the current equity holder.
- **Encumbered by Stream:** An existing stream or royalty reduces attributable NAV and restricts future financing.
- **Stability Agreement:** Fiscal terms fixed, with a term covering the mine life.
- **High Government Take:** Total government take above the regional norm as a share of pre-tax cash flow.
- **Fully Permitted:** Key permits granted with no unresolved challenge.
- **Permit Challenge Outstanding:** An appeal or legal challenge is unresolved, which can defer first production indefinitely.
- **No Community Agreement:** Permits held but no IBA or benefit agreement — the start date is unsupported.
- **Closure Underprovisioned:** Closure provision materially below peers, unfunded, or undisclosed.
- **Upstream TSF:** Upstream tailings construction, which is banned in Brazil and Ecuador.