Latest Development Projects News

Santos Limited's 2024 Annual Report reveals a 5% drop in production and a 9% fall in sales revenue, offset by progress in carbon capture and storage projects and emissions reductions. The company posted a net profit of $1.224 billion, down 14% from 2023.

Deterra Royalties Limited reported a solid half-year profit of $63.9 million despite iron ore price pressures, supported by strong production volumes and gold offtake performance. The company declared a fully franked interim dividend of 9.0 cents per share and maintains robust liquidity for strategic investments.

The GPT Group reveals robust occupancy and leasing growth in 2024, offset by a statutory loss driven by property valuation declines. Strategic partnerships and development projects position the company for future earnings expansion.

Osteopore Limited has drawn down A$2 million from the first tranche of its redeemable convertible notes, using the proceeds to repay existing loans and support ongoing business activities.

Mirvac's 1H25 results reveal a modest decline in EBIT and operating profit, yet the company signals strong growth prospects fueled by residential sales momentum, sustainable development, and strategic capital partnering.

HealthCo Healthcare & Wellness REIT reports solid 5% growth in FFO and DPU for 1H FY25, maintaining strong occupancy and gearing levels despite ongoing Healthscope lease speculation.

Desane Group Holdings has secured a lease extension with Brisbane City Council for its Wacol industrial property, guaranteeing $4.5 million in rental income through to 2030. This deal underscores confidence in Desane’s strategic positioning in Brisbane’s industrial market.

Micro-X Ltd has secured a $6 million contract extension from the U.S. Department of Homeland Security to develop and test additional self-screening airport security checkpoints, marking a significant step forward in its innovative security technology program.

South32 reported a robust US$360 million net profit for H1 FY25, driven by strong commodity prices and operational execution, while investing heavily in growth projects like Hermosa and returning US$169 million to shareholders.

Riversgold Ltd is set to commence its 2025 drilling campaign at the Northern Zone gold project near Kalgoorlie, following a series of promising high-grade gold intercepts and a mining lease application.

South32 has obtained federal environmental approval for its Worsley Mine Development Project, paving the way for sustained bauxite mining and alumina production through at least fiscal year 2036.

Brightstar Resources has entered a strategic earn-in agreement with Cazaly Resources, allowing Cazaly to earn up to 80% of the Goongarrie Gold Project by funding $3 million in exploration. This move streamlines Brightstar’s portfolio, enabling a sharper focus on advancing key development projects.