Latest Capital Costs News

Astral Resources has strengthened its balance sheet and expanded its Mandilla gold resource as it moves from explorer toward developer. The next test is converting deep drilling, permitting progress and a proposed early-production joint venture into funded construction decisions.

EcoGraf has strengthened the technical and commercial case for its Tanzanian graphite strategy, including a larger Epanko ore reserve and planned downstream processing. But cash fell to A$3.8 million, and auditors flagged a material uncertainty over the company’s ability to continue as a going concern.

Stavely Minerals has outlined a potentially valuable 13-year copper-gold-silver project, but its latest annual report makes clear that funding remains the immediate constraint. The company ended June with A$3.1 million in cash and an auditor-flagged material uncertainty over its ability to continue as a going concern.

Legacy Minerals enters FY2027 with a larger Mt Carrington resource, a positive preliminary development study and fresh drilling underway, but the proposed mine still requires substantial funding. The ASX-listed explorer reported a A$1.85 million FY2026 loss and held A$6.07 million in cash at year-end.

Core Lithium has moved Finniss from care and maintenance back into active mining, with first spodumene concentrate produced after year end and a December-quarter shipment targeted. The restart leaves the company with A$181.8 million in cash, but also a substantial execution task ahead as Grants ramps up and BP33 is developed.

Cavalier Resources has lifted the Crawford Gold Project’s Stage 1 NPV by about 50% to A$77.2 million, while drilling supports extensions beyond the planned starter pit. But the annual report also flags a material uncertainty over going concern, with proposed project financing still subject to definitive documentation.

Lake Resources has reduced Kachi’s estimated capital cost by US$220 million and outlined a 25-year, 25,000-tonne-per-year operation. But the lithium developer still needs further funding, environmental approval, offtake and a final investment decision before construction can begin.

Australian Mines has appointed a specialist consultant team to complete the pre-feasibility study for its Flemington Scandium Project, targeting delivery in the first quarter of 2027. The study will retain a 60-tonne-per-year scandium oxide reference case while testing production scenarios of up to 180 tonnes per year.

PMET Resources says Koch Technology Solutions has demonstrated a more selective pathway for turning Shaakichiuwaanaan pollucite concentrate into multiple high-purity caesium chemicals. The result is promising, but the commercial case still depends on larger-scale testing, marketable samples and a planned economic assessment.

Capricorn Metals has completed its Karlawinda Expansion Project on schedule and achieved the targeted 6.5 million tonnes per annum throughput. The expanded operation is expected to produce about 150,000 ounces of gold annually, although the plant remains in its ramp-up phase.

Metals Australia has reported a 50 Mt graphite resource, a maiden 21.51 Mt probable ore reserve and strong study-stage economics for its Quebec project. The opportunity is substantial, but the company ended the year with just AUD 3.73 million in cash and no mining revenue.

Many Peaks Minerals has extended the tested vertical depth of gold mineralisation at its Ferké project by about 70%, with a deepest intercept returning 40.3 metres at 3.89g/t gold. The results support a planned resource update and preliminary assessment of underground mining, but remain exploration results outside the current resource.