Latest Capital Costs News

Everest Metals has started a 6,000-metre drilling campaign at Revere while commissioning a Scoping Study targeted for March quarter 2027. A separate $150,000 cash and share transaction would lift EMC’s stated joint venture interest to 56% and halve a royalty burden over selected tenements.

VHM has taken Goschen from a permitted project to a more financeable development, with Iluka committing to buy all planned rare earth concentrate and providing A$40 million in convertible note funding. The company remains pre-revenue, has not made a Final Investment Decision and will need further funding before construction can begin.

Way2VAT has secured binding commitments for a A$2.109 million placement, giving the fintech capital to fund the next RBC acquisition payment and its e-invoicing expansion. The raise comes at a 29% discount and carries potential further dilution through free-attaching options.

Horizon Oil has brought its Nam Phong booster compressor online in Thailand, lifting gross field gas sales to approximately 10.3 TJ/d. The early result is expected to raise Thailand’s contribution to group production by about 500 boepd, although the company has not disclosed the project’s cost or stabilised production outlook.

Nova Minerals has received approximately 500 tons of processing and refining equipment at Port MacKenzie, bringing its planned Alaska antimony facility closer to construction. The company says the delivery arrived ahead of schedule and remains targeting production in 2027.

First Au Limited has secured a potential processing pathway for its Gimlet Gold Project through a conditional 24-month ore purchase agreement with Forrestania Resources. The arrangement could reduce the need for a standalone processing plant, but it remains dependent on permits, a board decision to mine, technical acceptance and commercial viability.

Lithium Universe’s Pre-Feasibility Study for its Brownsville Lithium Carbonate Refinery reveals robust economics and strategic US positioning, aiming to close North America’s lithium conversion gap.

Magnetite Mines has unveiled a revamped scoping study for its Razorback Iron Ore Project, introducing key design changes to reduce capital costs and boost project viability. The company is also actively pursuing funding options including royalty arrangements and strategic partnerships.

A2MP Investments has issued a third supplementary bidder's statement disputing the valuation and assumptions underpinning Canyon Resources' takeover response, highlighting persistent funding uncertainties and project execution risks. The bidder insists its offer remains the sole liquidity option for shareholders ahead of the September 21 deadline.

Elixir Energy has made significant progress on the Warkon Pilot in Queensland’s Taroom Trough, completing key feasibility studies for pipeline infrastructure and upstream plant design that position the project for commercial gas production.

Australian Unity Limited (ASX:AYU) posted a statutory loss of $155.2 million for FY2026, reflecting regulatory headwinds, transformation costs, and sector disruptions, while advancing its climate risk management and strategic portfolio adjustments.

Tungsten Mining’s Mt Mulgine Pre-Feasibility Study reveals a 21-year mine life with A$6.8 billion pre-tax NPV and production starting in 2029, positioning it as the globe’s most competitive tungsten operation.