Latest Customer Qualification News

Victory Metals has set out a 20-year development case for North Stanmore, backed by a 47 million tonne Probable Ore Reserve and a pre-tax NPV8 of A$1.76 billion. The project remains pre-feasibility stage, while the company ended FY2026 with A$11.18 million in cash and no operating revenue.

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.

Advanced Engineered Materials is forecasting a sharp lift in second-half sales as its Quebec high-purity alumina operation moves from qualification work towards commercial production. The larger prize is a possible 6,000-tonne-per-year expansion, but that plan still depends on feasibility, financing and final investment approval.

Advanced Engineered Materials is targeting a sharp increase in high-purity alumina sales while laying the groundwork for a possible doubling of Cap-Chat capacity to 6,000 tonnes per annum. The opportunity is substantial, but much of the customer pipeline remains uncontracted and the expansion still depends on feasibility work, financing and a final investment decision.

American Tungsten & Antimony has produced antimony ingot from Arizona-mined material at its Nevada refinery, providing the first physical demonstration of its proposed US mine-to-metal chain. The milestone creates samples for testing and customer qualification, but the underlying asset acquisition remains incomplete and product quality is yet to be disclosed.

Impact Minerals has completed its renounceable rights issue, raising $2.205 million before costs to fund work on its Lake Hope and Alluminous high-purity alumina projects. The raise also brings a substantial new pool of quoted options, while leaving room for further shortfall placements.

Li-S Energy says its Geelong lithium-sulfur production line is complete and has delivered 10Ah Power Cells to the US Army for testing. The company is targeting its first commercial battery sale in 2027, while holding A$15.6 million in cash and investments and A$9.3 million in secured grants yet to be received.

American Tungsten & Antimony has started an ahead-of-schedule campaign to produce antimony flake at its Del Sol refinery in Nevada, using material from Arizona. The first physical demonstration of its proposed US mine-to-metal chain could generate samples for customer qualification and government discussions, although the underlying asset acquisition remains incomplete.

Volt Resources has secured US$5.4 million in fully government-funded support for its US graphite refinery and customer application centre. The award is positive for project funding, but the company’s ASX securities remain suspended as it works with the exchange to satisfy reinstatement requirements.

Environmental Clean Technologies says its proposed Xenica acquisition has gained a defence-market sublicence for MXenes, adding a potential route to customers for its Flash Joule Heating platform. The agreement is not a customer contract, and revenue still depends on acquisition completion, repeatable production and qualification.

Australian Rare Earths has moved its Koppamurra pilot plant beyond heap leaching, recovering rare earths from about 5,000 litres of leach solution into a Mixed Rare Earth Hydroxide intermediate product. The result provides an early test of the downstream flowsheet, although commercial economics and final product quality remain unproven.

Sovereign Metals says a simple add-on circuit at its Malawi project could generate US$722 million of pre-tax value from monazite by-product recovery. The opportunity is commercially striking, but remains a preliminary scoping result dependent on further testwork, approvals, funding and customer qualification.