Latest Aggregates News

Aurum Resources has secured A$52.5 million from institutional investors to begin long-lead procurement and other early works at its Boundiali gold project before the definitive feasibility study is complete. The raise strengthens the balance sheet, but also adds 95.45 million shares ahead of two major technical milestones.

Riedel Resources has begun a 1,100-sample soil geochemistry program across its 580km² Cosmo Gold Project in Western Australia, targeting unexplored ground and existing gold anomalies. The work is designed to sharpen drill targets before the company’s maiden Cosmo drilling campaign, scheduled for October.

N1 Holdings increased FY26 revenue, profit and Management EBITDA while expanding commercial loan receivables to $239.6 million and committed lending capacity beyond $400 million. The stronger result comes with higher funding exposure, covenant waivers and a property-backed credit book that carries no recognised expected credit loss provision.

DeSoto Resources has assembled about 1,300 square kilometres of gold tenure in Guinea’s Siguiri Basin, but the expansion came with a A$15.0 million FY2026 loss and a A$6.35 million write-off of Northern Territory exploration assets. The company enters FY2027 with drilling, geophysics and tenure renewals still to convert its large portfolio into a defined resource.

Latrobe Magnesium has secured A$8.5 million in equity funding to complete its Latrobe Valley demonstration plant and advance a proposed South Carolina magnesium project. The raising gives the company near-term funding certainty, but also brings further dilution and leaves the larger US development dependent on future capital.

Microba shareholders would own about 67% of an enlarged Genetic Signatures under a proposed all-scrip merger valued at approximately A$51 million. The deal combines roughly A$29.6 million of FY2026 revenue and identifies up to A$3 million in potential annual cost synergies, but remains subject to a long list of approvals.

Carnaby Resources’ proposed acquisition by Evolution Mining has moved closer to completion after ASIC registered the scheme booklet and Evolution waived the ACCC clearance condition. The scrip deal still requires shareholder and Court approval, with the vote set for 26 October.

Advanced Engineered Materials is targeting a sharp increase in high-purity alumina sales while laying the groundwork for a possible doubling of Cap-Chat capacity to 6,000 tonnes per annum. The opportunity is substantial, but much of the customer pipeline remains uncontracted and the expansion still depends on feasibility work, financing and a final investment decision.

SQX Resources has raised $2.468 million before costs through a fully underwritten entitlement offer, with most new shares to be issued to the underwriter and sub-underwriters. The capital will fund exploration across its US and Queensland projects, but the deal will also expand the share count by almost 37.5%.

Enterprise Metals has secured $1.2 million in discounted equity funding alongside a proposed board overhaul led by mining executives Phillip Gallagher and Steven Zaninovich. The incoming team will review the company’s Western Australian portfolio and decide where its limited exploration capital should go next.

FireFly Metals has turned a year of aggressive drilling into a substantially larger, higher-confidence Green Bay resource, backed by an August PEA and fresh funding. The next test is execution: feasibility, permits, construction decisions and the capital required to build a mine.

Central Petroleum has swung to a $4.9 million FY2026 statutory loss after writing down two Amadeus Basin permits, but its gas business generated higher revenue and margins. The company is now betting on Palm Valley drilling, long-term contracts and new east coast acreage to restore growth.