Latest Cost Savings News

Alliance Nickel has begun vat leach testing on a bulk sample from its NiWest project, targeting a significant reduction in capital costs by replacing heap leaching with a lower-cost atmospheric process. Results are expected by late Q3 2026 and could reshape the project’s economics.

Cluey Ltd plans to voluntarily delist from the ASX, citing thin trading volumes, undervaluation, and cost savings of around A$500,000 annually. Shareholders will vote on the proposal in August 2026, alongside a small parcel buy-back and the closure of its UK subsidiary Code Camp.

Spenda Limited has accelerated its strategic turnaround by slashing operating costs by about $400,000 per month and locking in new retail contracts, while eyeing divestments and emerging tech opportunities.

European Metals Holdings reveals lithium chemical plant design improvements at Cinovec that could slash reagent and power costs by over US$54 million annually, potentially boosting the project’s pre-tax NPV beyond US$1.455 billion.

Reliance Worldwide Corporation plans to shutter its brass manufacturing in Melbourne, citing declining volumes tied to automation and supply chain shifts, while targeting a US$9 million boost to operating earnings by FY27.

FortifAI Limited (ASX: FTI) has laid out its vision for the burgeoning Agentic AI infrastructure sector, spotlighting its Nol8 AI Data Plane technology designed to tackle critical GPU underutilisation and data delivery bottlenecks. The company projects a $120 billion total addressable market by 2030, driven by explosive growth in AI agent workloads and data movement demands.

Pan African Resources PLC has delivered a 5.6% increase in gold production to 196,527 ounces for FY25, alongside a 60.5% jump in adjusted EBITDA to US$226.6 million. The group’s strategic acquisition of Tennant Mines in Australia and the early commissioning of the Mogale Tailings Retreatment operation mark significant milestones in its growth trajectory, underpinned by a robust sustainability and governance framework.

Eden Innovations has posted promising trial outcomes for its EdenCrete®Pz7 concrete additive across multiple sectors in India, highlighting performance gains and cost reductions amid the country’s rapid infrastructure growth.

3P Learning confirms FY26 guidance, wins a New Zealand Ministry of Education contract, secures a $5.5 million tax refund, and signals a return to dividends with a $9.6 million payout planned.

Red Metal’s large-scale column leach tests confirm high rare earth recoveries from coarsely crushed Sybella ores using weak sulphuric acid, underpinning a low-cost heap leach development pathway.

Hydralyte USA secures A$392,000 through a share placement, appoints two new non-executive directors, and implements significant cost reductions following CEO resignation as it targets cash-flow break-even and strategic expansion.

Microba Life Sciences secures $5 million in a placement led by Sonic Healthcare to fund its push towards cashflow break-even by 2027, backed by strong diagnostic sales and AI-driven efficiencies.