Latest Commercialization News

Cavalier Resources has secured all primary approvals needed to advance Stage 1 mining at its Crawford Gold Project near Leonora. The regulatory milestone shifts attention to funding, site preparation and the finalisation of mining arrangements with SSH Mining.

Elevra Lithium has signed a binding supply agreement with LG Energy Solution for 240,000 dry metric tonnes of spodumene concentrate from Québec over the stated three-year term. The market-linked deal gives North American Lithium a committed battery-sector customer while preserving exposure to lithium prices.

SRJ Technologies has moved its Dubai Petroleum relationship from proof of concept into revenue-generating field operations, with an indicative opportunity pipeline of up to US$4.4 million. Angola mobilisation and an expanded emissions programme add near-term activity, although several opportunities remain uncommitted.

Everest Metals has converted part of its Mt Dimer gold resource from Inferred into higher-confidence Measured and Indicated categories, while mining has produced a 142,000-tonne stockpile ahead of planned toll treatment. The immediate test is whether that stockpile can become cash flow, while deeper drilling seeks to expand confidence below the current pit.

Noxopharm says the FDA has supported its proposed Phase II design and chemical manufacturing strategy for SOF-SKN, its topical treatment candidate for cutaneous lupus erythematosus. The feedback improves regulatory clarity, but the trial remains targeted for the first half of calendar 2028 and is subject to further studies and regulatory requirements.

Tāiko Critical Minerals has submitted its response to Expert Panel comments on the Southern Block of its Barrytown project, with the approval decision still scheduled for 8 December. The company says it has met every deadline so far, but the filing does not indicate whether consent will be granted.

Metal Hawk’s Leinster South project produced its strongest drilling results yet, led by a 9-metre intersection grading 12.3g/t gold at the Numbat lode. But the FY26 annual report also flags a material uncertainty over going concern, despite a subsequent $1.2 million placement.

Gold Fields’ proposed acquisition of BHP’s Kambalda Nickel Concentrator could give Lunnon Metals a new processing angle for its nearby Foster-Baker nickel assets. The opportunity remains exploratory, with completion not expected until 2027 and no commercial arrangement disclosed.

Axel REE is moving its Caladão rare earths project into the next technical test: exploratory in-situ recovery work at the Woolrich deposit. The company says bench-scale testing has recovered up to 560ppm soluble TREO, but field performance, groundwater behaviour and project economics remain unproven.

West Wits Mining has received a second R236 million senior debt drawdown, taking total funding received for Qala Shallows to R575 million and supporting its claim that the project is funded through steady-state production. Underground development is accelerating, with stoping scheduled to begin in February 2027 and annual recovered gold targeted at 70,000 ounces by early 2029.

FBR has secured the remaining A$1.846 million of its A$4 million capital raising through a subscription with Alpine Capital, giving the robotics developer funding for Mantis testing, Hadrian deployment, debt repayment and working capital. The deal also brings further potential dilution through options and ends the company’s previous underwriting arrangement.

Kantra Copper says laboratory testing achieved copper recoveries above 90% and gold recoveries above 50% from Coburn mineralisation using the existing Kanmantoo processing flowsheet. The result reduces a key metallurgical risk in the Pre-Feasibility Study, although rail logistics and deposit variability remain unresolved.