Latest Development News

OzAurum Resources has recorded 95% gold recovery in an independent heap leach column test on paleochannel material at Mulgabbie North. The result strengthens the case for a lower-capital processing route, but fresh rock testing remains the crucial next test because it contains most of the project’s resource ounces.

Ocean Sciences has committed A$100,000 to a 12-month research program testing whether Sargassum-derived alginate can recover gold, silver and potentially rare earth elements from retired data centre hardware. The project gives the seaweed company a new industrial angle, but remains firmly at the laboratory stage.

Vicinity Centres has reaffirmed its FY27 earnings targets after a resilient first quarter, with occupancy steady at 99.6%, leasing spreads widening to 5.1% and portfolio sales rising 3.0%. The AGM also marked the retirement of chairman Trevor Gerber and director Tim Hammon.

Avecho has resumed recruitment for the final cohort of its pivotal Phase III insomnia trial after an interim review supported continuing at the original 519-participant target. The biotechnology company is also pursuing international licensing while holding $5.3 million in cash.

Vicinity Centres has reaffirmed its FY27 earnings guidance after a resilient first quarter, with occupancy steady at 99.6%, leasing spreads widening to 5.1% and total portfolio sales rising 3.0%. The AGM also marked Trevor Gerber’s retirement as chairman and the formal leadership transition to Patrick Allaway.

Grange Resources has approved the Savage River North Pit Underground Project, targeting underground development from Q1 2027 and production continuity to 2035. The decision arrived alongside stronger September-quarter production, sales, realised pricing and cash reserves.

Centaurus Metals has secured binding five-year offtake agreements with Glencore and CNGR covering all forecast Jaguar nickel concentrate production during the project’s first five years. The two groups will also invest a combined US$40 million, although part of that funding remains conditional on regulatory, shareholder and project-development milestones.

RooLife Group opened FY2027 with A$7.9 million in unaudited revenue and customer cash receipts up 884% year on year. The stronger quarter comes as its Aurora renewable energy division shifts from acquisition and product development towards project execution, although operating cash flow remains negative.

Kinetiko has received a further A$400,000 from its placement and now forecasts about A$6.0 million in pro forma funding for Brakfontein. Most of that funding remains conditional on shareholder approval and a separate project financial close.

Zimi has moved its next-generation Matter smart-home range closer to certification and production, while securing access to more than 10,000 retail outlets through Directed. But the company ended September with $344,000 in cash after burning $714,000 on operations, leaving further funding firmly in the frame.

Macallum New Energy has locked in an approximately A$3 million placement to fund EP 494 farm-out work, technical studies and preparations for potential drilling in late 2027. Most of the raising can proceed under existing placement capacity, while director participation and broker options require shareholder approval.

VBX has raised $4.5 million to advance its Wuudagu bauxite project, while extending the definitive feasibility study into the first quarter of 2027. The company is also assessing preliminary development funding proposals after terminating an indicative thyssenkrupp term sheet to preserve strategic flexibility.