Latest Farm In News

Supply Network is targeting around $50 million of additional revenue in FY2027 after delivering 15.5% sales growth and expanding its Multispares network across Australia and New Zealand. The next phase includes a planned $9 million Penrith branch and further capacity upgrades, although the company has not quantified the earnings return from that investment.

Elixir Energy has agreed to farm out half of its interests across much of the Taroom Trough to Beach Energy for $25 million in cash and a four-year, $180 million gross carried work program. The deal could materially reduce Elixir’s funding burden, but completion still depends on several approvals and conditions.

Beach Energy has agreed to spend A$25 million in cash and carry A$90 million of exploration costs to expand its Taroom Trough footprint to 1,481 km2. The deal gives Beach operatorship of key permits, but remains subject to approvals and pre-emptive rights.

Karoon Energy more than doubled quarterly production to 2.27 million barrels of oil equivalent as revenue climbed 64% to US$191.6 million. But the SPS-92 electrical fault remains unresolved, while the company balances growth spending, shareholder returns and US$269.2 million of net debt.

Prominence Energy has outlined 4,001 Bscf of gross unrisked 2U natural hydrogen prospective resources across 28 Northern Hinge leads in South Australia. The scale is notable, but the portfolio remains undiscovered, permits are still pending and RISC Advisory flagged potentially optimistic trap and seal assumptions.

Genesis Energy’s FY27 first quarter brought two tangible milestones for its growth plan: the first Huntly battery is commissioned and Leeston Solar Farm has reached final investment decision. The quarter also showed how favourable hydro conditions are reshaping generation, gas use and wholesale-market exposure.

Kantra Copper delivered a fifth consecutive quarter of higher copper production, with net group cash flow rising 72% to $14.2 million and cash reaching $44.1 million. The ASX-listed miner also began Emily Star development and moved its Coburn project closer to a pre-feasibility study.

Kali Metals has expanded its Marble Bar gold pipeline after reporting shallow high-grade drilling and nine additional targets identified after quarter end. The explorer also ended September with $5.242 million in cash and a binding agreement for up to $700,000 of JX Advanced Metals-funded exploration in the Southern Lachlan Fold Belt.

Symal has reaffirmed its FY27 guidance and raised its FY30 EBITDA ambition to more than $230 million, while pointing to $1.9 billion of work-in-hand and a $9.1 billion tendered pipeline. The contractor is increasingly leaning into energy, digital infrastructure, utilities and defence, with about 75% of FY27 revenue already secured.

Helix Resources says the Supreme Court of British Columbia has declared its Gold Basin earn-in and joint venture agreement unenforceable and ordered the company to pay petition costs. The ruling puts the Arizona project’s future with Helix in question, while the company says its White Hills project is unaffected.

Australian Dairy Nutritionals reported a 54% year-on-year revenue fall in the September quarter and held just A$513,000 in cash against a A$619,000 operating cash outflow. The infant formula group is pursuing a A$500,000 placement and a broader capital raise as it waits for China distribution growth and Vietnam sales to rebuild momentum.

GenusPlus has won approximately $255 million of power infrastructure work from Western Power and Fortescue, extending its project pipeline into 2029. The awards span renewable energy connections, network maintenance and mine-site decarbonisation infrastructure, although individual contract values and margins remain undisclosed.