Latest Construction Readiness News

Rumble Resources has renewed attention on its Earaheedy zinc-lead-silver project, pointing to a 94Mt inferred resource and metallurgical work that produced a 61% zinc-plus-lead bulk concentrate. The company is now testing separate concentrates and seeking strategic partners, but the project remains short of a definitive development case.

Ionic Rare Earths has moved its Belfast magnet recycling project closer to construction while expanding into the United States through a proposed US$100 million joint venture. The progress comes with key funding, approvals and definitive agreements still outstanding.

Wildcat Resources ended September with A$76.1 million in cash after completing the first tranche of a A$60 million placement, giving it room to push Tabba Tabba towards its definitive feasibility study. Drilling also continued to expand Bolt Cutter Central ahead of a maiden resource targeted for Q4 2026.

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.

Vanadium Resources has repositioned its Steelpoortdrift project around a proposed V-Iron plant producing pig iron and vanadium-bearing slag for Western markets. The strategy has secured a non-binding U.S. offtake framework and advanced site and funding work, but the auditor has flagged material uncertainty over the company’s ability to continue as a going concern.

Kingsland Minerals has advanced its flagship Leliyn Graphite Project into pre-feasibility, backed by high-grade drilling, gallium testwork and a A$2.16 million capital raising. But the ASX-listed explorer finished FY2026 with only A$458,032 in cash and remains dependent on further funding.

PDI Gold’s first full annual report after its Robex merger shows a transformed West African gold business with US$193.7 million in cash and two producing mines. The statutory result remains a US$63.7 million loss, while Bankan’s next phase still depends on an exploitation permit from Guinea.

Andromeda Metals completed key early works at its Great White kaolin project and achieved 99.9986% HPA purity at pilot scale. But a $98.9 million impairment, $3.2 million cash balance and material going-concern uncertainty leave funding as the decisive hurdle.

Santana Minerals has moved Bendigo-Ophir from study toward construction, securing a 30-year mining permit, strategic land control and A$188.3 million in cash. The decisive hurdle remains the Fast-track consent due on 20 January 2027, followed by financing and a final investment decision.

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.

Magnetite Mines is seeking up to A$1.5 million through a discounted share purchase plan and potential top-up placement to advance the Razorback green iron project. The raise offers free options, but also highlights the company’s continuing reliance on external funding and future strategic partners.

Australian Rare Earths has converted Koppamurra from an exploration story into a defined rare earths development case, with an A$858 million after-tax PFS NPV and a maiden Ore Reserve. The next test is less geological than financial: the company must fund the path from pilot processing to construction while carrying a material going-concern warning.