Latest Capital Expenditure News

Amplitude Energy has approved development of its East Coast Supply Project, targeting first gas in 2028 and gross production of up to 90 TJ a day. The decision also adds an exploration well to the campaign, lifting FY27 capital expenditure guidance by up to $80 million.

Metallium has moved Flash Joule Heating from tiny laboratory tests to multi-reactor campaigns in Texas, backed by feedstock contracts, offtake and A$125 million raised during FY2026. Yet the ASX-listed group remains pre-revenue, lost A$42.8 million and says continued access to funding is a material uncertainty.

Liontown has approved a $389 million expansion of Kathleen Valley, targeting average spodumene concentrate production of about 780,000 dry metric tonnes a year from FY30. The project is expected to lower unit costs, but its economics rely on lithium price assumptions, execution and a production inventory containing 21.5% inferred resources.

The Warehouse Group (NZX:WHS) returned to profit in FY26 and cut net debt by more than 80%, despite broadly flat comparable sales. The recovery came with a clear catch: The Warehouse brand remains loss-making and shareholders will receive no final dividend.

Cettire returned to positive operating cash flow in FY26, but its annual report carries a material uncertainty over going concern after current liabilities exceeded current assets by A$51.8 million. The luxury e-commerce group also posted an A$8.5 million statutory loss and is relying on working-capital discipline, VAT recoveries and potentially conditional director support.

Critical Minerals Group has put a substantial economic case around its Lindfield vanadium project, but its FY26 accounts also flag a material uncertainty over funding. The company is targeting a 2027 investment decision while holding less than A$1 million in year-end cash and navigating a leadership change.

Finder Energy has shifted decisively from exploration towards development, with its Timor-Leste oil project backed by independent reserves, an acquired FPSO and expanded TIMOR GAP funding. The transition came at a steep cost, however, with a $30.0 million annual loss and Final Investment Decision still ahead.

Viva Leisure used FY2026 to prove its existing club network could generate stronger returns without rapid expansion, lifting revenue 12.2% and underlying NPAT 46.4%. The ASX-listed fitness group is now preparing to accelerate openings while reviewing options for its faster-growing payments and technology business.

Strike Energy is moving from construction into execution, with its 85 MW South Erregulla power project nearing commercial operations and a 251 PJ West Erregulla reserve base underpinning its next gas development. The opportunity comes with a weaker FY26 earnings result, A$111.4 million of net debt and major funding obligations arriving from late 2026.

IperionX has moved its Virginia titanium operation into 24/7 production, lifting nameplate powder capacity to about 200 tonnes a year while commissioning equipment aimed at higher-value components. The progress came alongside a US$66.8 million annual loss, US$63.5 million of operating and investing cash outflows, and continued reliance on government support, customer qualification and future capital.

Revolver Resources has taken its Dianne Copper Mine Project from study towards construction readiness, with a larger resource, secured approvals and a forecast $125.7 million pre-tax cash flow. But the restart still depends on project-level funding before a Final Investment Decision can be made.

Carnarvon Energy has expanded its Bedout prospective resource inventory by 92% and secured a rig for a 2027 exploration campaign, but Dorado remains stalled before FEED and FID. The company ended FY26 with A$97.7 million in cash, no debt and a A$4.2 million after-tax loss.