Latest Development News

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.

Canadian Phosphate has completed 18 Wapiti drill holes and visually traced its phosphate Main Zone across approximately 9km, although laboratory assays are still pending. The company has also completed its Utah acquisition, reported stronger rock phosphate orders and ended September with $3.144 million in cash.

Everest Metals’ Mt Edon project has been selected as Australia’s representative site in a five-year German-funded exploration program and accepted into the European Union’s Raw Materials Mechanism. The recognition may improve access to technical expertise, strategic partners and potential financing, although no funding, offtake or development commitment was announced.

Havilah Resources has swung to a $77.2 million FY2026 profit after securing the Kalkaroo transaction with Sandfire, but the result is dominated by deal accounting rather than mining revenue. The South Australian explorer ended the year with $40.9 million in cash and almost $100 million in listed investments.

Argosy Minerals has completed FEL-3 preliminary engineering for the evaporation and crystallisation circuit at its 12,000tpa Rincon Lithium Project in Argentina. The work gives the company a more mature design basis for the project’s definitive feasibility study, but updated economics and financing remain outstanding.

Key Petroleum recorded no exploration, development or production activity in the September quarter as eight Queensland applications remained undecided. A A$247,053 placement lifted cash to A$329,410, but the company’s own funding estimate points to a limited runway on current outflows.

Cycliq’s customer receipts rose 21% in the September quarter, but the cycling technology company ended the period with just $382,000 in cash and less than two quarters of funding on its current burn rate. Its proposed $1.5 million placement remains partly dependent on shareholder approval.

Sarytogan Graphite’s trading suspension is due to be lifted after the company releases details of a Supreme Court of Western Australia application over an inadvertently unlodged prospectus for SGAO Options. The filing provides no detail on potential orders, penalties or investor remedies.

Evion Group has secured mining permits for its flagship Maniry graphite project in Madagascar and signed its first binding supply commitment, while its Nevada fluorspar exploration and Indian downstream operations also advanced. The company ended September with A$5.755 million in cash, but major development milestones still depend on funding, approvals and final agreements.

Parabellum Resources has reported an initial 4.8 million tonne nickel-cobalt resource at its Redlands Project in New South Wales. The exploration-stage milestone comes with recommendations for more drilling and technical work, while the company held $689,000 in cash at quarter-end.

Exultant Mining has completed its maiden Balerion drilling program, with final assays confirming silver-zinc-lead-copper mineralisation and local gold enrichment. The explorer is now shifting its near-term attention to three targets across the 390km² Black Hammer project while holding A$2.729 million in cash.

International Graphite has moved its Collie graphite processing project closer to commissioning, with the production building about 30% complete and new finance and feedstock arrangements in place. Cash stood at approximately A$3.4 million at quarter-end, while the company continued developing its planned Italian joint venture.