Supercars and TCR Australia promoters Australian Racing Group are the final two bidders in contention for a new event at Mount Panorama.
The Bathurst Regional Council has confirmed that the original shortlist of three has been further cut down to two, with Mountain Motor Sports now out of the running.
That means there are just two bidders remaining, Supercars and ARG.
The former is understood to be planning a Goodwood Festival of Speed-style moving motor show and hillclimb event, to run alongside the Bathurst 12 Hour and Bathurst 1000 events it already runs.
ARG, meanwhile, is looking to run a 500-kilometre international TCR race, and could even look to attract the WTCR in the future.
“Council is currently finalising the tender specification and we expect the two companies invited to take part in that process will receive those documents before the end of the month,” said Bathurst mayor Graeme Hanger.
“We anticipate Council will consider these tenders in September.”
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