Latest Direct Shipping Ore News

Black Canyon has established a maiden 23.6Mt manganese resource at Wandanya in Western Australia, alongside 12.5Mt of iron mineralisation. The high-confidence estimate includes potential direct-shipping material, while a scoping study is targeted for completion in December.

Avenira has pushed its first Wonarah phosphate shipment target into the first half of 2027, while its auditor warned that funding remains critical to the company’s survival. The annual report records project progress, but also a $3.34 million loss, $759,415 in year-end cash and a proposed $49 million rights issue.

Develop Global has issued its first full-year production, operating cost and capital guidance, pairing steady Woodlawn output with the planned start of Pioneer Dome lithium sales. The growth comes with a substantial A$411 million to A$458 million investment program, while Yitirrti remains a construction story until FY28.

Accelerate Resources will issue 55 million shares to secure 100% ownership of its 432 square kilometre Woodie Woodie North manganese project, while removing up to $2 million in future milestone payments and other vendor rights. The restructuring is due to complete before 2 October 2026, ahead of planned drilling at the Gingarrigan prospect.

Australian Silica Quartz Group is shifting its centre of gravity from exploration to development after adding the 47.3Mt White Swan Kaolin Project. The project has an approved 250,000-tonne-per-year mining concept, but commercial offtake and feasibility work remain ahead.

Strike Resources delivered an A$8.58 million full-year profit, but the result was driven largely by its equity-accounted investment in LE Minerals rather than operating cash generation. The company is also relying on a conditional A$5.5 million Apurimac stake sale to strengthen its funding position in Peru.

TG Metals has strengthened its gold and lithium resource base, but the annual report carries a material uncertainty over its ability to continue as a going concern. The company ended June with $641,906 in cash, before securing a further $2.5 million placement after year end.

Chariot Resources has secured A$1.1 million from institutional and sophisticated investors to advance its proposed Nigerian lithium acquisition, exploration and partner-funded development program. The raising also brings potential option dilution and only partially addresses the company’s secured debt.

Global Lithium’s Manna-Nova integration study nearly doubles the project’s post-tax NPV to A$945.7 million while cutting funded pre-production capital by 59%. The plan targets first direct shipping ore in May 2027 and spodumene concentrate production by mid-2027, but still depends on funding, approvals and a final investment decision.

Ore Resources has extended lithium mineralisation beyond the current resource boundaries at its Big Red and Potoroo pegmatites, with drilling still open to the north and west. The results add exploration upside to Kangaroo Hills as the company advances strategic discussions and approvals for a potential DSO operation.

Polymetals Resources moved its Endeavor silver-zinc-lead mine from restart to commercial production in FY2026, generating A$100.0 million in revenue. The milestone came alongside a A$47.0 million loss, negative operating cash flow and an auditor warning over going-concern uncertainty.

EV Resources has produced a 68.3% antimony concentrate from preliminary bench-scale testing of material from the Vinatas operation in Mexico. The results support Tecomatlán as a potential regional processing hub, but the proposed ore supply remains non-binding and plant-scale performance is untested.