Bubalus Resources Announces Portfolio Optimization and Cost Reductions Amid Focus on Victorian Assets

Bubalus Resources Limited (ASX:BUS) has optimized its portfolio by withdrawing from the Avon Plains Gold Project to prioritize Victorian assets. The company retains five projects, including Crosbie South and Crosbie North, and has rationalized tenure at the Amadeus Project. A 25% reduction in fees for key executives reflects a commitment to cost control. Bubalus maintains over $3 million in cash reserves for exploration and evaluation of projects.

Published Mar 23, 2026

Bubalus Resources Limited (ASX:BUS) has announced a portfolio optimization strategy, withdrawing from the Avon Plains Gold Project to focus on priority assets in Victoria, including Crosbie South, Crosbie North, Wilson's Hill, Murrindindi, and Castleburn. The company now concentrates on EL32796 at the Amadeus Project, where gallium anomalism was identified.

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Bubalus holds five projects: the Victorian Gold Projects, Yinnietharra Lithium Project, Amadeus Project, Coomarrie Project, Nolans East Project, and Pargee Project. A 25% fee reduction for executives has been implemented to enhance financial discipline. The company has over $3 million in cash reserves to support exploration and project evaluation.