Latest Development Projects News

Vicinity Centres delivered a robust FY26 with a $1.39 billion statutory net profit, strategic acquisitions in key growth corridors, and a strengthened premium retail portfolio.

Horizon Oil’s Sinphuhorm Pad D facility in Thailand has achieved first gas well ahead of schedule, with strong initial production rates validating the project's potential to unlock underutilised reserves.

Whitehaven Coal reported a 29% drop in underlying net profit to $227 million for FY26, despite record safety outcomes and successful debt refinancing that lowered funding costs and extended maturities.

Evolution Mining delivered record FY26 profit and cash flow, declaring a 21-cent final dividend and setting a higher 60% payout policy while advancing key growth projects and acquisitions.

Mirvac Group delivered a robust FY26 with a 7% rise in operating profit to $508 million, a staggering 896% jump in statutory profit to $677 million, and announced a $200 million on-market buy-back, signalling confidence in its growth trajectory.

Aspen Group delivered a robust FY26 with 27% profit growth and an 11 cents distribution, underpinned by rental portfolio expansion and a 71% surge in development profit. The company also upgraded its FY27 guidance, supported by fresh development approvals and strategic acquisitions.

Great Southern Mining has reported significant down-dip and down-plunge extensions to its Mon Ami gold resource near Laverton, highlighted by a 16-metre intercept grading 3.37 g/t gold. The results reinforce Mon Ami’s potential as a near-term development project with further assays pending.

The GPT Group reported a solid first half in 2026, posting 5% growth in funds from operations and expanding its assets under management to $41.6 billion. Major development projects and capital initiatives underpin its steady momentum.

Tian An Australia Limited posted a significant half-year loss of $3.9 million for June 2026, reversing prior profits as revenue plunged 86% due to lower sales at The Henley, Enfield. The company continues development across multiple residential projects while supported by a $230 million interest-free loan facility.

Laramide Resources has raised $5 million through a private placement of 8.35 million shares at $0.60 each to a strategic investor, bolstering working capital for its uranium projects in the US and Australia.

Storage King Group (ASX:SKG) reported a 46.6% drop in net profit for FY26, completing internalisation of its management platform and maintaining distributions, while setting a cautious but growth-focused FY27 outlook.

Sarama Resources has offloaded its Cosmo and Mt Venn gold projects to Riedel Resources, securing a substantial equity stake while progressing a US$242 million arbitration claim against Burkina Faso.