Latest Engineering News

Matrix Composites & Engineering Ltd has entered into an exclusivity deed with Advanced Innergy Holdings Limited (ASX: AIH) following AIH's non-binding proposal to acquire all Matrix shares at $0.40 each. The exclusivity period extends until 28 April 2026, during which AIH has exclusive due diligence rights.

Caravel Minerals has extended its Definitive Feasibility Study (DFS) deadline by three months to September 2026 to refine critical water and environmental assessments, while maintaining its regulatory approval target for the end of 2027.

The Environmental Group’s TAPC division has secured a significant A$9 million contract to supply emissions control technology for a key rare earth project in Angola, marking a strategic move into the critical minerals sector.

NH3 Clean Energy has entered a pivotal phase in its WAH2 Project development, partnering with global engineering giant Linde and progressing funding discussions to secure up to A$567 million. This collaboration aims to reduce capital and operational risks as the project moves closer to a final investment decision.

Alliance Nickel Limited (ASX:AXN) has launched a non-renounceable entitlement offer to raise approximately A$4.15 million, aiming to fund capital cost optimisation for its NiWest Nickel-Cobalt Project and support general working capital.

Duratec Limited is set to acquire Newcastle-based Pacific Welding Australia for up to $12 million, boosting its Energy and Mining sector footprint in NSW. The deal enhances Duratec’s self-perform capabilities and access to key Hunter Region clients.

Advanced Innergy Holdings Ltd has responded to ASX inquiries denying any media leak regarding its proposed $0.40 cash bid for Matrix Composites & Engineering, reaffirming its commitment to strict disclosure policies.

Arovella Therapeutics has demonstrated that its novel CLDN18.2-targeting CAR incorporated into iNKT cells effectively eliminates pancreatic and gastric cancer cells in vitro, with IL-12-TM armouring enhancing potency and durability.

Lithium Universe Limited appoints Iggy Tan as full-time CEO and Executive Chairman, signalling a strategic push to fast-track lithium refinery projects and innovative recycling technologies.

Perenti Limited has appointed Dr Vanessa Torres as its new Managing Director and CEO, succeeding Mark Norwell. With over 25 years of global mining leadership experience, Torres is set to lead Perenti into its next chapter of growth and diversification.

FortifAI Limited has unveiled benchmark results showing its Nol8 AI Data Plane technology outperforms Google’s RE2 engine by over 200,000 times under demanding AI workloads, signalling a breakthrough in data processing scalability.

OzAurum Resources reports exceptional heap leach test results at Mulgabbie North, confirming rapid gold recovery and advancing a low-capex development strategy with near-complete plant refurbishment.