Latest Development Funding News

Elevra Lithium delivered record mining volumes and US$74 million in North American Lithium revenue during the September quarter, while unit costs fell and cash increased to US$319 million. The company has now moved its NAL expansion into execution, but six recordable injuries and unsettled shipment pricing add important caveats to an otherwise strong operational update.

Metgasco’s independently assessed 2P reserves have fallen to 6.2 PJe from 36.45 PJe, despite unchanged gas-in-place estimates at its Odin and Vali fields. The company says the change reflects current capital expenditure plans rather than a geological reduction, with 31.45 PJe now classified as 2C contingent resources.

Elevra Lithium has completed the sale of its Ghanaian Ewoyaa project interest to Zhejiang Huayou Cobalt for US$71 million in cash before fees and taxes. The deal removes its development funding obligations and transfers its spodumene offtake rights, leaving the company more focused on its North American portfolio.

Revolver Resources has secured a A$3 million bridge facility to fund the next stage of early works at its Dianne Copper Mine Project. The funding removes an immediate development hurdle, but the larger financing package needed for construction remains unfinished.

Amplia Therapeutics has received an A$4.78 million refundable R&D tax rebate, giving the clinical-stage biotechnology company additional cash to advance its FAK inhibitor programs. The funds will support multiple narmafotinib trials and related research, including studies involving Lilly.

Evolution Energy Minerals has moved its Chikundo copper project into maiden drilling, with chalcopyrite seen in two of the first three holes after quarter end. The company also cleared a Tanzanian licence default notice, while its A$2.25 million cash balance leaves the larger Chilalo development still dependent on funding and execution.

CuFe is seeking to take full ownership of its Tennant Creek copper-gold-bismuth project by issuing 1.6 billion shares to the holders of the remaining 45% interest. The deal could simplify development decisions, but would also leave Gold Valley and its associates with about 53% of CuFe if completed.

MONEYME opened FY27 with stronger growth, record-low net credit losses and its third consecutive quarter of positive Normalised NPAT. The unaudited result supports the lender’s reaffirmed FY27 target of breakeven to $7 million, while its expanding unsecured portfolio remains an important test.

Auric Mining has moved from study work towards execution at its Burbanks-Munda gold plan, securing processing infrastructure for A$1.2 million and reporting strong Munda drilling results. The company is targeting mining at Munda in late 2027 and first gold from Burbanks in early 2028, subject to approvals and project execution.

Po Valley Energy will distribute approximately A$500,000 through its second dividend, supported by gas production from the Podere Maiar 1 well. The payment comes as the company reports €1.26 million in half-year profit and retains development funding capacity.

Horizon Gold has reported its strongest Snook intercept to date, including 44 metres at 5.08g/t gold, as drilling points to deeper resource potential at Gum Creek. Results at Cobia and Alma May could also support maiden resources, although further drilling and technical work remain ahead.

Meeka Metals has begun underground decline development at Fairway, its second mine at the Murchison Gold Project, with first ore targeted for January 2027. The project carries a 50koz initial Ore Reserve, while drilling below the planned mine points to potential reserve growth and a longer mine life.