Latest Economic Impact News

Sigma Lithium has temporarily halted all mining and industrial production at its Grota do Cirilo operation in Brazil while awaiting a Federal Court of Appeals ruling over an environmental dispute involving Quilombola community rights. The company is maintaining its FY2027 production target of 330,000 tonnes, but has delayed its 240,000-tonne 12-month guidance by three months.

Ausgold has secured an ASX waiver allowing 6,000,004 vested unlisted warrants to be cancelled without a separate shareholder vote if OceanaGold’s proposed takeover scheme becomes effective. The unexercised warrants would instead convert into Ausgold shares eligible to participate in the scheme.

Lumos Diagnostics has increased live FebriDx sites to 215 and moved two additional top 100 US urgent care groups into network rollout across more than 40 sites. Two further health-system-owned groups are validating the test across more than 45 sites, but the announcement does not disclose contract values or guaranteed purchase volumes.

Boab Metals has reported high-grade silver-lead intercepts outside the current Sorby Hills FEED Study pit designs, led by 12.62 metres at 204g/t silver equivalent. The results have pushed the company to extend its growth drilling program as it assesses potential resource, reserve and mine-life additions.

GenusPlus Group has received the green light from TasNetworks to start the $750 million construction phase of the North West Transmission Developments Stage 1, with completion targeted for 2029.

PhosCo Ltd has achieved a metallurgical breakthrough at its Gasaat Phosphate Project, producing premium-grade phosphate concentrate with a simplified flotation process, potentially unlocking significant price premiums.

Kaiser Reef has quantified a 77,000-tonne tailings stockpile at its A1 Gold Mine in Victoria, containing an inferred 3,100 ounces of gold at 1.25g/t grade. Plans are underway to reclaim and process this higher-grade material alongside existing operations at Maldon.

Rua Gold’s Auld Creek Project has qualified for New Zealand’s new Fast-Track Approvals Act 2024, promising a faster permitting timeline and reduced regulatory risk as the company advances toward mine development.

Fletcher Building has confirmed the release of government grant funds to Golden Bay Cement, enabling the purchase of New Zealand Units that underpin the plant's operation through 2040 and safeguard over 600 jobs in Whangarei.

Boab Metals reports promising early results from its 2026 drilling program at Sorby Hills, with visual mineralisation suggesting Reserve growth and mine life extension beyond current plans.

Rapid Critical Metals has delivered striking ore sorting results at its Webbs Silver mine, nearly doubling silver grades in unprocessed stockpiled ore and achieving over 90% mass rejection in processed waste, potentially reshaping project economics.

TG Metals' recent drilling at Van Uden reveals extensive near-surface laterite gold mineralisation beyond existing resources, underpinning a promising heap leach development with low capital costs and high recoveries.