Latest Construction News

Nick Scali delivered a sharp recovery in FY26 earnings, with net profit rising 31.2% to $75.7 million as gross margins widened and the UK loss narrowed. The furniture retailer is entering FY27 with a larger showroom network, a new distribution centre and four further ANZ openings planned.

Legacy Minerals enters FY2027 with a larger Mt Carrington resource, a positive preliminary development study and fresh drilling underway, but the proposed mine still requires substantial funding. The ASX-listed explorer reported a A$1.85 million FY2026 loss and held A$6.07 million in cash at year-end.

Comet Ridge now controls the entire Mahalo Gas Hub after completing its Santos buyout, but the annual report flags a material uncertainty over funding and a potential $28.7 million CleanCo settlement. The company is targeting a final investment decision while remaining pre-production and reliant on further finance.

Iron Bear Resources says a new federal-provincial assessment framework, major Labrador clean-energy investment and strategic-project coordination could improve the development pathway for its Canadian iron ore project. The initiatives are supportive, but they do not yet represent project approvals, secured power or construction funding.

Globe Metals & Mining has completed compensation payments to all 203 households affected by Phase 1 of its Kanyika niobium project in Malawi, clearing a major land-access milestone. The company now targets initial pit opening, mining and stockpiling in the coming weeks, while relocation and cultural heritage work remain unfinished.

Lindian Resources says its Kangankunde rare earths project in Malawi has stockpiled about 125,000 tonnes of ore ahead of schedule as construction shifts toward commissioning and first monazite concentrate targeted by year-end. The company also lifted the annual base salaries of its two senior executives to A$1 million each.

NRW Holdings subsidiary Fredon has secured a roughly $115 million off-site fabrication package for Stack Data Centre MEL03 in Melbourne. The award is the first stage of a broader package valued at approximately $300 million, although the full amount remains tied to Fredon’s preferred-contractor status.

International Graphite has arranged approximately $1.5 million in non-dilutive finance with National Australia Bank to fund construction of its Collie graphite processing facility. The project remains targeted for production building completion in Q2 2027, but the funding adds future repayment obligations as the company moves closer to commissioning.

Critica Limited (ASX:CRI) has delivered stronger technical results across its Jupiter rare earths and Mt Lindsay tin-tungsten projects, but the developer remains dependent on further funding. Two scoping studies targeted for Q3 2026 now carry the burden of translating resource potential and laboratory results into project economics.

Galan Lithium says first lithium chloride concentrate sales from its Hombre Muerto West operation remain on track for the fourth quarter of 2026, while plant performance improves and expansion earthworks begin. The company has also reported at least 98% sulphate rejection from its nanofiltration plant across more than three months of data.

Bannerman Energy has moved its Etango uranium project materially closer to construction after completing a A$124 million placement and clearing conditions for its CNOL strategic investment. The project is advancing on site, but full-scale construction still depends on Final Investment Decision and completion of the joint venture documentation.

Wia Gold has moved Kokoseb from exploration into a proposed mine development backed by a 1.95 million ounce Probable Ore Reserve, A$217 million in equity raised since May and indicative US$360 million debt terms. The funding pathway is substantial, but it still depends on permits, lender approvals and final documentation before construction can fully proceed.