Latest Development Funding News

Challenger Gold has set early 2029 as the target for commercial production from a stand-alone heap leach operation at its Hualilán project in Argentina. The roadmap brings engineering, drilling and financing into sharper focus, but still depends on a US$15 million debenture refinancing and a much larger project funding package.

Elixir Energy has confirmed it is in an exclusive due diligence and negotiation process with Beach Energy over a potential strategic farm-in to its Taroom Trough portfolio. The process runs until 1 October, but no transaction has been agreed or assured.

X2M Connect has signed a non-binding five-year partnership with Ethical Development Fund Australia to pursue a 20MW to 45MW GPU data centre and renewable energy precinct in North Queensland. The opportunity could generate both infrastructure delivery revenue and recurring platform fees, but remains subject to binding project agreements, funding and approvals.

VHM has taken Goschen from a permitted project to a more financeable development, with Iluka committing to buy all planned rare earth concentrate and providing A$40 million in convertible note funding. The company remains pre-revenue, has not made a Final Investment Decision and will need further funding before construction can begin.

Power Minerals has secured priority-project treatment from Minas Gerais for its Morro do Ferro rare earths project, directing future licensing through a specialised state pathway. The agreement improves institutional access but stops well short of environmental approval, project finance or a construction timetable.

Lithium Plus Minerals has significantly upgraded its Lei Lithium Project resource and secured a 20-year mining lease, positioning the company for near-term development and commercialisation.

Li-S Energy has inked a strategic collaboration with Australian defence firm EPE, unlocking pathways to international defence markets for its ultra-lightweight lithium sulfur batteries.

Minbos Resources edges closer to operational readiness at Cabinda with a US$1.3 million initial drawdown from Banco de Fomento Angola and steel framework shipment underway for Phase 2 construction.

Streamplay Studio Limited surged past $13 million in revenue for FY26, driven by a full year of Noodlecake Studios' contribution, while trimming its net loss by 15%.

Cedar Woods Properties delivered a record $65.6 million net profit after tax in FY26, up 36%, supported by strong presales and disciplined capital management, while targeting 15% NPAT growth in FY27.

Audalia Resources plans a $450,000 share placement to advance its Medcalf project and bolster working capital, while continuing to explore further funding options for regulatory approvals.

GoldArc Resources has cleared the last regulatory hurdle for its Mt Stirling gold project, enabling development to proceed under a 50/50 profit-share partnership with BML Ventures.