Latest Construction News

GenusPlus Group has secured an approximately $135 million design and construct contract for the grid connection of Atmos Renewables’ 470MW Parron Maam Marang Farm in Western Australia. The award offers work through 2028, although the main construction phase remains conditional on project milestones including financial close and a Notice to Proceed.

Washington H. Soul Pattinson delivered a record statutory profit after its Brickworks merger, but the headline $2.191 billion result was dominated by accounting gains that will not recur. More durable measures also improved, with Net Cash Flow From Investments rising 11.5%, post-tax NAV reaching $14.5 billion and the final dividend increasing to 63 cents per share.

Lake Resources has reduced Kachi’s estimated capital cost by US$220 million and outlined a 25-year, 25,000-tonne-per-year operation. But the lithium developer still needs further funding, environmental approval, offtake and a final investment decision before construction can begin.

Centuria Industrial REIT delivered 4% growth in funds from operations for FY26 and expects another lift in FY27, supported by leasing momentum and embedded rental reversion. The opportunity comes with a more exposed interest-rate profile and a development pipeline that still depends on power, planning and execution.

Katana Capital Limited (ASX:KAT) delivered a 17.98% gross investment return in FY2026, beating the All Ordinaries by 15.55 percentage points as its portfolio benefited from defence, infrastructure, resources and technology exposures. Net profit rose to $3.808 million, while the listed investment company entered FY2027 with elevated cash and a deliberately cautious stance on banks.

VBX has secured $4.5 million in firm placement commitments and agreed to convert a further $2.5 million of loan notes, giving the Wuudagu bauxite project funding through its delayed feasibility study. The company has also abandoned a proposed $10 million offtake-linked facility while it tests alternative development funding options.

Aurum Resources has secured A$52.5 million from institutional investors to begin long-lead procurement and other early works at its Boundiali gold project before the definitive feasibility study is complete. The raise strengthens the balance sheet, but also adds 95.45 million shares ahead of two major technical milestones.

Delorean Corporation and Opal have completed the concept stage for a proposed anaerobic digestion facility at Opal’s Maryvale Mill in Victoria. The project could replace natural gas used by the mill’s rotary lime kiln, but still requires further engineering, commercial work and a final investment decision.

Astron Limited (ASX:ATR) says its Donald rare earths and mineral sands project is construction-ready, with a $759 million Phase 1 pre-tax NPV and first production targeted for 2028. The unresolved question is whether debt financing can convert the project’s strong study economics into a final investment decision.

Medallion Metals has shifted from project preparation to execution, with Ravensthorpe fully permitted, Forrestania acquired and Cosmic Boy refurbishment underway. The transition is funded by cash, equity and a US$50 million Trafigura facility, but production delivery and rehabilitation liabilities remain substantial tests.

Capricorn Metals has completed its Karlawinda Expansion Project on schedule and achieved the targeted 6.5 million tonnes per annum throughput. The expanded operation is expected to produce about 150,000 ounces of gold annually, although the plant remains in its ramp-up phase.

Finbar Group (ASX:FRI) delivered its strongest annual profit since FY2015, with net profit rising 40.9% to $20.3 million despite lower revenue. Record pre-sales, reduced debt and a $1.95 billion development pipeline give the Perth apartment developer a substantial FY27 workload.