Latest Development News

Ballard Mining has expanded its Mt Ida gold resource by 658,000 ounces to 1.84 million ounces and strengthened its funding position with a post-quarter-end equity raise of up to A$50 million. The pre-production developer is now moving from resource growth towards a feasibility study and maiden Ore Reserve targeted for mid-2027.

Mount Hope Mining has completed 2,919 metres of Phase 3 drilling at Mt Solitary, with assays due early in the December quarter. The explorer also reported 98.4% indicative gold recovery from maiden metallurgy and ended September with $3.487 million in cash after a Ronin Metals-led placement.

NEXTDC will search for a new chairman and independent director after acknowledging investor disappointment over the M3 Melbourne power delay and revised FY27 guidance. The company has also withdrawn proposed increases to director fees and the CEO’s FY27 incentive package.

Vanadium Resources has begun a preparation phase aimed at securing development finance and shortening the route to a definitive feasibility study and final investment decision for its proposed South African V-Iron plant. The plan is constructive, but funding remains unapproved and the project still faces significant technical, permitting, offtake and equity hurdles.

Sarytogan Graphite has completed a 50,000-tonne-a-year upstream graphite DFS and extended copper porphyry exploration in Kazakhstan, but held only A$1.015 million in cash at quarter end. The company estimates that balance represents 0.88 quarters of funding at its recent spending rate, leaving project financing and potential capital raising firmly in focus.

Condor Energy has completed an independent development study for its 1 Tcf Piedra Redonda gas project and received formal qualification to negotiate a proposed offshore Peru licence. The company ended the September quarter with A$2.945 million in cash and estimated funding of 6.62 quarters.

Alchemy Resources has formalised a binding joint venture with Newcam Minerals, giving Newcam 60% of the Bryah Iron Ore Project and responsibility for advancing it towards feasibility. Alchemy retains a 40% interest free carried to a Decision to Mine, with drilling and environmental surveys due to begin shortly.

Ramelius Resources has kept its FY27 production and cost targets intact despite wet-weather disruption at Penny, while advancing the infrastructure needed for a much larger Western Australian gold operation. The company ended September with A$768 million in cash and gold and secured an EPC contractor for its planned 3Mtpa Mt Magnet expansion.

Greatland Resources has formally started construction at Havieron after a strong opening quarter for FY27, producing 70,131 ounces of gold at an AISC of A$2,925 per ounce. The company ended September with A$1.314 billion in cash and no drawn debt while maintaining full-year production guidance.

Echo IQ’s FDA-cleared EchoSolv AS platform processed 9,697 full-result assessments in the September quarter, while the company ended the period with A$107.8 million in cash. The stronger balance sheet gives it room to pursue US enterprise deployments, but commercial conversion and the unresolved EchoSolv HF regulatory pathway remain the key tests.

Vection Technologies has confirmed a $1.35m FY27 annual revenue order from a classified national security and law enforcement customer, extending a programme that has run continuously for more than five years. The revenue is expected to be fully recognised during FY27, although the customer and contract terms remain undisclosed.

Augustus Minerals has reported its strongest Clifton East gold intersection to date while preparing more drilling at Music Well and advancing contested licence applications in Papua New Guinea. The exploration push comes with $0.77 million in cash and $879,000 spent during the September quarter.