Latest Commissioning News

St Barbara reported a $489.7 million FY26 statutory profit, but almost all of it came from the deconsolidation of New Simberi Gold rather than recurring operations. The annual report also confirms a debt-free balance sheet, a 5-cent fully franked dividend and a portfolio moving from transaction-making to project delivery.

Manuka Resources says Wonawinta has reached full gold processing capacity, with its second gold delivery now on route to the ABC refinery. The company plans to shift from fortnightly to weekly sales before commissioning the silver circuit in December.

Latrobe Magnesium says its Phase 1B demonstration plant is 95% installed and 35% commissioned, keeping first magnesium metal crowns above 98% purity on track for the end of 2026. The operational advance comes alongside a tight funding position, an extended A$3.4 million entitlement offer and an ambitious South Carolina expansion plan.

Forrestania Resources says Edna May could process first ore and begin gold production in mid-December 2026, bringing forward the company’s near-term production pathway. The target remains conditional on final equipment arriving and being installed on time.

InFocus Group has signed its first Codexa ROW customer, with a conditional agreement that could deliver at least USD 2.4 million over 24 months. The company must first build and validate a prediction markets module, secure regulatory readiness and complete the customer's licensing and SPV arrangements.

MGX Resources has reported a $30.2 million FY2026 net loss as it winds down Koolan Island and redirects its balance sheet towards the 50%-owned Central Tanami gold project. The company still held $412.1 million in cash and investments at year-end, but its next phase will require execution across approvals, drilling and underground development.

Alcoa delivered a $483 million third-quarter profit and its sixth consecutive quarter of higher aluminium production, while South32 shareholders approved the company’s planned upstream asset acquisition. The deal remains targeted for completion in the first half of 2027, with $2.6 billion of acquisition financing now raised.

Santana Minerals has moved the Bendigo-Ophir Gold Project closer to development, with a draft Fast-track Approvals decision expected in the December quarter and a competitive project debt process now underway. Strong Rise and Shine drilling and an A$179.7 million quarter-end cash balance provide further support, although construction remains conditional on approvals, financing and a final investment decision.

PLS has approved the A$1.9 billion P2000 expansion, targeting roughly 2 million tonnes a year of spodumene concentrate from Pilgangoora by 2029. The investment comes alongside a 31% increase in contained lithium reserves and a separate underground growth option.

Australian Finance Group used its 2026 AGM to highlight a stronger, less volume-dependent earnings base after statutory profit rose 39% in FY26. AFG Securities’ loan book has since reached $7.3 billion, while recent investments are expected to add $13 million to FY27 EBITDA under stated assumptions.

Elevate Uranium has reported strong early performance from its Namibia pilot plant while expanding its uranium resource base to 172.8 million pounds attributable to the company. The next test is whether the final flotation stage and technical studies can convert processing gains into a credible development case.

Kelly Partners Group Holdings has secured conditional ASX approval to delist, clearing a regulatory milestone in its proposed move to Nasdaq. The plan still depends on shareholder approval and the US listing process, with no effective delisting date set.