Latest Expansion News

Sovereign Metals says a low-cost monazite by-product circuit could add US$722 million of pre-tax NPV8 to its Kasiya project in Malawi. The opportunity is commercially striking, but remains a preliminary scoping result requiring further studies, customer qualification, approvals and funding.

AusQuest’s Cangallo discovery in Peru continues to grow, with broad copper intersections and geophysics outlining a porphyry system at least 2.5km by 1km. The exploration momentum comes alongside a sharp cash warning, with $2.1 million on hand representing only 0.41 quarters of funding at the reported spending rate.

Sabre Resources has completed the first 54 holes at its newly acquired Kurundi North copper-gold project, with laboratory results due within four to five weeks. The explorer ended September with $4.232 million in cash after completing the second tranche of its $2 million placement.

Altoro Metals has entered its next exploration phase with A$3.12 million in cash, fresh drilling underway and a planned 2027 resource update. But its annual report records a A$1.45 million loss, an unchanged mineral resource and a material uncertainty over its ability to fund the path from exploration to mine restart.

RemSense reported stronger customer receipts, an 89% rise in invoiced services and further expansion across Woodside-operated assets in the September quarter. The progress comes with negative operating cash flow and a reported 2.32 quarters of funding, keeping execution and cash conversion firmly in focus.

Brookside Energy completed its Suttles drilling and stimulation program and began early sales from the Sabres and Whalers wells, but quarterly production and realised prices declined. The company also added producing assets through a US$1.114 million acquisition while funding-heavy development pushed cash down sharply.

Mantle Minerals is changing the geological model at Carlton Hill, moving away from shallow stratiform targets towards potentially structurally controlled zinc-lead and copper mineralisation. The explorer ended September with A$5.232 million in cash and says its current spending rate represents 31.59 quarters of funding.

Civmec has started FY27 with a sharp rise in activity, lifting quarterly revenue about 70% to A$324 million and NPAT about 75% to A$18.4 million. Its order book stands at approximately A$1.4 billion as major resources, infrastructure and defence projects ramp up.

Morella Corporation Limited (ASX:1MC) has put a maiden 5.44 million tonne Inferred resource at Mt Edon on the books, but entered the next phase with only A$555,000 in cash and an estimated 0.7 quarters of funding. Mac Well exploration and a proposed Elevra portfolio expansion add upside, while further drilling and metallurgical work remain unfunded beyond the near term.

Hallenstein Glasson Holdings delivered a sharply stronger FY2026, with sales up 19.6% to NZ$563.0 million and net profit after tax rising 49.9% to NZ$59.2 million. The retailer enters FY2027 with strong early sales momentum, although management warns the opening 18.4% growth rate is unlikely to last.

Eclipse Metals has begun a 17-hole, 2,355-metre drilling campaign at its 208Mt Grønnedal rare earths project, while reporting $2.987 million in cash and an estimated 2.8 quarters of funding. The quarter also delivered a maiden Ivigtût critical-minerals resource and restored full ownership of the Liverpool uranium portfolio.

Lloyds Banking Group delivered a sharp rise in nine-month profit, helped by stronger income, lower remediation costs and improving operating leverage. The UK lender maintained its 2026 targets, while higher impairments and unresolved motor finance litigation remain important caveats.