Latest Engineering Services News

Brightstar Resources has secured over A$380 million in funding to fully finance its Goldfields Project, commencing construction of a 1.5Mtpa Laverton processing plant with first gold targeted mid-2027, while expanding its Sandstone resource base to 2.9Moz.

GR Engineering Services launches a $10 million share purchase plan at the same price as a recent $100 million institutional placement, offering eligible shareholders a chance to invest up to $30,000 each.

Maritana Minerals is steadily progressing its Black Swan Processing Hub project, with demolition, earthworks, and procurement well underway, aiming for first gold production in the second half of 2027.

Medallion Metals has awarded a $50 million EPC contract to GR Engineering to convert its Cosmic Boy Concentrator into a standalone facility producing copper concentrate and gold doré, aligning with feasibility estimates and advancing production timelines.

GR Engineering Services has landed a $50 million EPC contract to convert the Cosmic Boy Concentrator into a standalone copper and gold processing facility, marking a strategic return to a site it originally built.

GR Engineering Services secured $100 million through a heavily supported institutional placement priced at $6.10 per share, alongside a $10 million Share Purchase Plan for retail investors. The capital raise aims to bolster the balance sheet ahead of a busy contract delivery phase.

Duratec Limited (ASX:DUR) reported a 4.1% rise in net profit after tax to $23.8 million for FY26 on stable revenue, underpinned by a record $650.8 million order book and multiple strategic acquisitions expanding its service portfolio.

Metallium has resolved a key permitting constraint at its Texas Gator Point campus, enabling chlorinated Flash Joule Heating testing to resume ahead of a major September campaign. The company also marks first revenue from its MXene development program and strengthens engineering leadership.

WIN Metals has completed a preliminary study for the Radio Gold Project, revealing a low-capital restart plan targeting 20,200 ounces of gold production over 29 months with an 11-month payback period.

GR Engineering Services delivered a record EBITDA of $63.1 million in FY26, secured over $1 billion in new contracts, and announced a $110 million equity raise to support a forecast revenue surge in FY27.

Audeara Limited has raised $1.26 million through a two-tranche share placement to back its expanding technology licensing and retail channels, following a year of revenue growth and reduced cash burn.

GR Engineering Services has locked in a $275 million EPC contract for the Yitirrti Copper-Silver-Zinc Project, reinforcing its position as a leading Australian minerals processing contractor.