Latest Construction News

FireFly Metals reports exceptional drilling results at its Green Bay Copper-Gold Project, extending mineralisation well beyond current resources. Backed by a substantial A$145 million capital raise, the company is poised for a resource update and advancing mining studies.

Beach Energy reported a 9% rise in FY25 production to 19.7 million barrels of oil equivalent and a 13% increase in sales revenue to $2 billion, driven by strong basin performances and the Waitsia LNG project. However, a significant $674 million impairment charge due to lower commodity prices and reserves revision at Beharra Springs tempers the upbeat results.

Black Rock Mining advances its Mahenge Graphite Project with key power infrastructure agreements, a $25 million funding increase, and benefits from new US tariffs on Chinese graphite imports.

Finder Energy has fast-tracked its Kuda Tasi and Jahal (KTJ) oil field development in Timor-Leste through a strategic alliance with SLB, advancing key engineering design by 12 months and targeting a final investment decision in 2026. The company also strengthened its financial position with a $6 million placement, supporting ongoing exploration and development activities across its diverse portfolio.

Deterra Royalties reported a robust 44% jump in quarterly revenue to $89.1 million, driven by record iron ore royalties and advancing lithium project construction. The company’s diversified portfolio and strategic investments position it well for long-term growth.

BauMart Holdings reports progress in AI-enhanced international recruitment, sustainable building materials development, and expansion into off-grid energy solutions, alongside a partial rights issue raising $180,000.

Raptis Group has entered a facilitation agreement to source funding for the Sterling Residences Broadbeach project, potentially earning up to $16 million in commission fees upon completion and unit settlements.

Hastings Technology Metals has secured shareholder approval for a joint venture with Wyloo, granting Wyloo a 60% stake and operational control of the Yangibana Rare Earths Project, setting the stage for accelerated development and production.

Brockman Mining Limited reports steady progress on its Marillana and Ophthalmia iron ore projects through joint ventures with Mineral Resources and Hancock Prospecting, alongside ongoing infrastructure and social engagement efforts.

Rand Mining Ltd reports a solid increase in the East Kundana Joint Venture’s mineral resources and ore reserves for 2024, reflecting updated gold price assumptions and operational cost reviews.

Globe Metals & Mining has made significant strides in its Malawi-based Kanyika Niobium Project, adopting an Early Contractor Involvement model to optimize engineering and reduce costs, alongside key leadership changes and a strengthened cash position.

European Metals Holdings has received a $36 million EU grant to support its Cinovec Lithium Project in the Czech Republic, while progressing its Definitive Feasibility Study and environmental permitting.