# Top 29 Oil & Gas Startups in Australia by Funding (2026)

> The 29 best-funded oil & Gas startups in Australia, ranked by total funding raised: $444M combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/oil-gas-startups-australia (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Fleet Space Technologies** Fleet Space Technologies is an Australian space company based in Adelaide, South Australia.](https://millionrounds.com/company/fleet-space-technologies) Fleet Space Technologies is an Australian space company based in Adelaide, South Australia. *Founded* 2015 Adelaide, Australia **$107M** last round Dec 2024
- 2 [**DryFlow Magnetics** DryFlow Magnetics is an Australian industrial technology company founded in 2024, specializing in patented dry magnetic separation for mineral processing.](https://millionrounds.com/company/dryflow-magnetics) DryFlow Magnetics is an Australian industrial technology company founded in 2024, specializing in patented dry magnetic separation for mineral processing. *Founded* 2024 Sydney, Australia **$44M** last round Oct 2026
- 3 [**Russell Mineral Equipment**](https://millionrounds.com/company/russell-mineral-equipment) *Founded* - Australia **$40M** last round Nov 2024
- 4 [**European Metals Holdings** European Metals Holdings is a mineral exploration and development company engaged in the exploration of tin and base metals.](https://millionrounds.com/company/european-metals-holdings) European Metals Holdings is a mineral exploration and development company engaged in the exploration of tin and base metals. *Founded* 2011 Perth, Australia **$36M** last round Nov 2025
- 5 [**Cobre** Cobre is a fintech company based in Bogotá, Colombia, founded in 2019.](https://millionrounds.com/company/cobre) Cobre is a fintech company based in Bogotá, Colombia, founded in 2019. *Founded* 2019 Bogota, Australia **$35M** last round Sept 2024
- 6 [**Delta Lithium** Delta Lithium is a lithium gold copper explorer, mining and development company.](https://millionrounds.com/company/delta-lithium) Delta Lithium is a lithium gold copper explorer, mining and development company. *Founded* 2021 Perth, Australia **$32M** last round Jun 2023
- 7 [**Orivium**](https://millionrounds.com/company/orivium) *Founded* - Australia **$21M** last round Aug 2026
- 8 [**Emesent** Emesent is a leader in autonomous mapping technology, focusing on advanced 3D data capture, processing, and visualization for challenging environments where GPS](https://millionrounds.com/company/emesent) Emesent is a leader in autonomous mapping technology, focusing on advanced 3D data capture, processing, and visualization for challenging environments where GPS *Founded* 2018 Brisbane, Australia **$18M** last round Jul 2026
- 9 [**Maronan Metals** Maronan Metals explores, evaluates, and develops lead, silver, copper, gold, and zinc mineral deposits.](https://millionrounds.com/company/maronan-metals) Maronan Metals explores, evaluates, and develops lead, silver, copper, gold, and zinc mineral deposits. *Founded* - Sydney, Australia **$16M** last round May 2026
- 10 [**Barton Gold** Barton Gold is a gold exploration company that focuses on exploration in two large-scale mineral systems.](https://millionrounds.com/company/barton-gold) Barton Gold is a gold exploration company that focuses on exploration in two large-scale mineral systems. *Founded* - Adelaide, Australia **$15M** last round Oct 2025
- 11 [**Atomionics** Atomionics is a Singapore-based deep tech startup founded in 2018, specializing in the development of quantum-grade sensors for subsurface exploration and unive](https://millionrounds.com/company/atomionics) Atomionics is a Singapore-based deep tech startup founded in 2018, specializing in the development of quantum-grade sensors for subsurface exploration and unive *Founded* 2018 Singapore, Australia **$13M** last round Sept 2025
- 12 [**Vecco Group** Vecco Group is an Australian integrated mining and manufacturing business specializing in critical minerals.](https://millionrounds.com/company/vecco-group) Vecco Group is an Australian integrated mining and manufacturing business specializing in critical minerals. *Founded* 2011 Brisbane, Australia **$12M** last round Sept 2025
- 13 [**Adyton Resources** Adyton Resources is a mining company focused on the development of gold and copper resources.](https://millionrounds.com/company/adyton-resources) Adyton Resources is a mining company focused on the development of gold and copper resources. *Founded* 2021 Brisbane, Australia **$10M** last round Jul 2025
- 14 [**MagnaTerra Technologies**](https://millionrounds.com/company/magnaterra-technologies) *Founded* - Australia **$7.2M** last round Jul 2025
- 15 [**Carbon280** Carbon280 is putting the Hydrilyte Hydrogen Storage System on the market.](https://millionrounds.com/company/carbon280) Carbon280 is putting the Hydrilyte Hydrogen Storage System on the market. *Founded* - Perth, Australia **$6.9M** last round Aug 2025
- 16 [**Kuniko** Kuniko is a mineral exploration company.](https://millionrounds.com/company/kuniko) Kuniko is a mineral exploration company. *Founded* 2017 Perth, Australia **$5.3M** last round Jun 2023
- 17 [**Alcyone Resources** Alcyone Resources is engaged in the exploration and evaluation of gold, silver, and other base metal projects in Australia.](https://millionrounds.com/company/alcyone-resources) Alcyone Resources is engaged in the exploration and evaluation of gold, silver, and other base metal projects in Australia. *Founded* 1992 Australia **$4.9M** last round Oct 2013
- 18 [**AuMEGA Metals** AuMEGA Metals is a mining company that produces various types of minerals and precious metals through the process of mining.](https://millionrounds.com/company/aumega-metals) AuMEGA Metals is a mining company that produces various types of minerals and precious metals through the process of mining. *Founded* - Osborne, Australia **$3.9M** last round Apr 2026
- 19 [**SprintSuite** SprintSuite is an Australian company that specializes in field service, project, and workshop management software.](https://millionrounds.com/company/sprintsuite) SprintSuite is an Australian company that specializes in field service, project, and workshop management software. *Founded* 2017 Melbourne, Australia **$3.5M** last round Aug 2025
- 20 [**CorePlan** CorePlan is a technology company based in Perth, Australia, specializing in an integrated drilling management platform for the mining and metals exploration industry.](https://millionrounds.com/company/coreplan) CorePlan is a technology company based in Perth, Australia, specializing in an integrated drilling management platform for the mining and metals exploration industry. *Founded* 2020 Perth, Australia **$3.5M** last round Feb 2026
- 21 [**Sarytogan Graphite** Sarytogan Graphite is Developing the giant and exceptionally high grade Sarytogan Graphite.](https://millionrounds.com/company/sarytogan-graphite) Sarytogan Graphite is Developing the giant and exceptionally high grade Sarytogan Graphite. *Founded* 2004 Perth, Australia **$3.2M** last round Nov 2025
- 22 [**Native Mineral Resources** Native Mineral Resources specializes in the exploration, mining, and development of mineral resources.](https://millionrounds.com/company/native-mineral-resources) Native Mineral Resources specializes in the exploration, mining, and development of mineral resources. *Founded* 2014 Port Macquarie, Australia **$2.5M** last round May 2026
- 23 [**Yandal Resources** Yandal Resources is a an exploration company engaged in a portfolio of gold projects in the Yandal Greenstone Belt of Western Australia.](https://millionrounds.com/company/yandal-resources) Yandal Resources is a an exploration company engaged in a portfolio of gold projects in the Yandal Greenstone Belt of Western Australia. *Founded* 2018 Nedlands, Australia **$1.4M** last round Oct 2022
- 24 [**Star Minerals** Star Minerals is a gold explorer, with an advanced development-ready project and extensive land holdings.](https://millionrounds.com/company/star-minerals) Star Minerals is a gold explorer, with an advanced development-ready project and extensive land holdings. *Founded* 2021 Perth, Australia **$1.0M** last round Jun 2025
- 25 [**Vanadium Resources** Vanadium Resources is a mineral exploration company working on steelpoortdrift vanadium licenced mining project.](https://millionrounds.com/company/vanadium-resources) Vanadium Resources is a mineral exploration company working on steelpoortdrift vanadium licenced mining project. *Founded* 2017 Altona, Australia **$721K** last round May 2026
- 26 [**Banksia Minerals Processing (BMP)**](https://millionrounds.com/company/banksia-minerals-processing-bmp) *Founded* - Australia **$668K** last round Feb 2025
- 27 [**Aurum Resources** Aurum Resources operates in the mining and mineral exploration industry specializing in gold exploration.](https://millionrounds.com/company/aurum-resources) Aurum Resources operates in the mining and mineral exploration industry specializing in gold exploration. *Founded* 2015 Brisbane, Australia **$588K** last round Jun 2026
- 28 [**Rumble Resources** Rumble Resources Limited is an Australian-based mineral exploration company.](https://millionrounds.com/company/rumble-resources) Rumble Resources Limited is an Australian-based mineral exploration company. *Founded* 2011 Perth, Australia **$345K** last round Jul 2025
- 29 [**Cygnus Metals** Cygnus Metals is an emerging exploration company focused on advancing the Pontax Lithium Project.](https://millionrounds.com/company/cygnus-metals) Cygnus Metals is an emerging exploration company focused on advancing the Pontax Lithium Project. *Founded* - Perth, Australia **$65K** last round Aug 2025

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed in this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

Open any company for its rounds and investors, or search the investors who back oil & Gas startups in Australia in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More oil & gas lists

[See all](https://millionrounds.com/top-lists?t=Oil%20%26%20Gas)

[*AG* *SR* *GM* **Oil & Gas startups in Canada** 98 companies · $2.8B](https://millionrounds.com/top-lists/oil-gas-startups-canada)[*SV* *AG* *BT* **Oil & Gas startups that raised in 2026** 84 companies · $2.9B in 2026](https://millionrounds.com/top-lists/oil-gas-startups-raised-2026)[*KM* *NM* *NM* **Oil & Gas startups in the United States** 52 companies · $4.7B](https://millionrounds.com/top-lists/oil-gas-startups-united-states)[*AG* *AG* *FC* **Oil & Gas startups in Vancouver** 50 companies · $1.2B](https://millionrounds.com/top-lists/oil-gas-startups-vancouver)[*AG* *GM* *NF* **Oil & Gas startups in Canada that raised in 2026** 44 companies · $1.3B in 2026](https://millionrounds.com/top-lists/oil-gas-startups-canada-raised-2026)[*TR* *KP* *SR* **Oil & Gas startups in the United Kingdom** 22 companies · $5.2B](https://millionrounds.com/top-lists/oil-gas-startups-united-kingdom)[*GM* *NF* *CM* **Oil & Gas startups in Toronto** 21 companies · $896M](https://millionrounds.com/top-lists/oil-gas-startups-toronto)[*TR* *KM* *GM* **Oil & Gas startups founded in 2018** 15 companies · $4.5B](https://millionrounds.com/top-lists/oil-gas-startups-founded-2018)

## More lists for Australia

[See all](https://millionrounds.com/top-lists?r=Australia)

[*FT* *F* *I* **Startups in Australia** 1,387 companies · $54B](https://millionrounds.com/top-lists/startups-australia)[*FT* *F* *I* **AI startups in Australia** 163 companies · $33B](https://millionrounds.com/top-lists/ai-startups-australia)[*A* *HH* *H* **Healthcare startups in Australia** 93 companies · $2.2B](https://millionrounds.com/top-lists/healthcare-startups-australia)[*CA* *V* *D* **IT Services startups in Australia** 85 companies · $762M](https://millionrounds.com/top-lists/it-services-startups-australia)[*M* *W* *H* **Financial Services startups in Australia** 82 companies · $2.1B](https://millionrounds.com/top-lists/financial-services-startups-australia)[*A* *CG* *B* **Fintech startups in Australia** 77 companies · $3.6B](https://millionrounds.com/top-lists/fintech-startups-australia)[*TP* *A* *H* **Biotech startups in Australia** 71 companies · $2.8B](https://millionrounds.com/top-lists/biotech-startups-australia)[*EE* *AE* *VE* **Energy startups in Australia** 70 companies · $8.2B](https://millionrounds.com/top-lists/energy-startups-australia)