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Anax advances Whim Creek toward FID despite funding uncertainty

8:18am on Tuesday 22nd of September, 2026 AEST Mining
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Anax advances Whim Creek toward FID despite funding uncertainty

8:18am on Tuesday 22nd of September, 2026 AEST
Key Points
  • Whim Creek DFS update shows A$501 million pre-tax NPV7 and 98% IRR on a 100% project basis
  • Indicative debt offers of up to US$40 million remain non-binding
  • FY2026 loss widened to A$6.04 million while cash rose to A$11.15 million
  • Mons Cupri drilling and FEED are advancing ahead of a targeted Q4 2026 FID
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