Latest Strategy Changes News

Auravelle Metals has agreed to divest its Skeleton Rocks Project in Western Australia to Forrestania Resources for $250,000 in cash or shares. The deal remains subject to due diligence and other conditions, as Auravelle narrows its exploration focus to Nuckulla Hill and Crown.

Vulcan Energy has started commercial-scale production in Germany of VULSORB, the proprietary adsorbent at the centre of its planned direct lithium extraction process. The material will supply first-fill volumes for Project Lionheart, although lithium production remains targeted for the second half of 2028.

Pantoro Gold says Norseman has produced 19,130 ounces quarter-to-date, keeping FY2027 output within reach of its 90,000 to 105,000-ounce target. A second open pit is now delivering ore while Racetrack drilling continues to build a potential future mine source.

Argosy Minerals says laboratory-scale crystallisation testing has demonstrated a potential lithium chloride product yield above 99% at its 12,000-tonne-per-year Rincon project in Argentina. The results remove a key process uncertainty, but the project still depends on engineering completion, financing and a broader Definitive Feasibility Study.

Ramelius Resources has lifted its FY30 production outlook to as much as 610,000 ounces while committing up to A$570 million of growth capital in FY27. The plan puts a larger Mt Magnet processing hub at the centre of the company’s expansion, but also raises the execution and cost stakes.

CGN Resources has expanded its exploration footprint across gold and copper, but the annual report pairs that growth with a material going-concern uncertainty. The company ended FY2026 with $2.11 million in cash against $1.99 million of operating cash outflows.

Broken Hill Gold has lifted the Vertigo deposit’s Indicated oxide resource by 160% and increased White Dam’s global resource to 118,496 ounces. The company is now testing whether shallow material can support a heap-leach restart while drilling deeper gold-copper sulphide potential.

Terrain Minerals has lodged a prospectus for a $1.6 million entitlement offer, with the proceeds earmarked mainly for drilling at Smokebush and Lightning. The raise comes with a substantial dilution warning and a going-concern qualification if funding is not secured.

Tower has renewed its FY27 reinsurance programme with $970 million of catastrophe protection, higher limits for a third catastrophe event and a lower expected reinsurance cost ratio. The insurer says several new multi-year agreements should also improve certainty around future costs and catastrophe excesses.

Innovaero Technologies is seeking A$40 million through a proposed ASX listing to advance its OWL loitering munition program and expand manufacturing capacity. The replacement prospectus also makes clear that the company remains loss-making and heavily dependent on the Department of Defence converting development work into production orders.

Platinum Asia Fund Complex ETF delivered a 31.2% return for the year ended 30 June 2026, while net assets climbed to $280.9 million after the PAI scheme of arrangement. The result was strong in absolute terms but trailed its Asian equity benchmark by 6.7 percentage points.

Everest Metals moved Mt Dimer into mining, established a 260,780-ounce Revere gold resource and upgraded its Mt Edon rubidium project in FY2026. Yet the company remains loss-making, has impaired its Mt Dimer development assets and warns that future funding and project cash inflows are needed to support its going-concern assessment.