Latest Feed News

Ardea Resources and its Japanese consortium partners will add an approximately nine-month Pre-FEED phase before finalising the Goongarrie Hub feasibility study and moving to FEED. The decision resets the previously advised DFS timing and funding arrangements while opening new work on cost reduction, scandium and gold.

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.

Elevate Uranium has reported pilot-scale results that removed about 88% of Marenica ore mass across the first four U-pgrade stages, while lifting uranium grade sevenfold and recovering 79% of uranium. The decisive test now shifts to Stage 5, where integrated results are expected in the December 2026 quarter.

Metallium has moved its Texas processing strategy closer to commercial testing, recording its first US$500,000 technology-services payment and preliminary PCB recoveries above 90%. The next proof point is whether those results can survive commissioning, product qualification and the funding demands of an 8,000-tonne-per-year operation.

Group 6 Metals has lifted Dolphin Tungsten Mine processing to a quarterly record as underground mining begins supplying fresh ore. The stronger operating performance came with lower grades and concentrate output, leaving the next quarter’s test firmly focused on grade, delivery and cash generation.

Cobre has reported record quarterly revenue and positive EBITDA at Sierra Atacama, while taking control of the Chilean copper project and mapping a potential path to 50,000 tonnes per annum. The next test is whether higher recovery and additional feed can convert operational momentum into cash flow.

HyTerra Limited (ASX: HYT) will not proceed with a second McCoy-1 test for now after the Kansas well produced only about 0.1 Mscf/d of gas, with air-corrected hydrogen of 0.4%. The company is reassessing the Ridge Play while shifting attention to its larger Rift Play and preserving cash.

Norwest Minerals has completed oxide column leach testing at its Bulgera gold project, recording extraction rates of 80% for highly weathered material and 78% for moderately weathered material. The company is now targeting completion of its delayed Scoping Study in November after raising A$1.89 million for development work.

Element 25 has moved its Butcherbird manganese expansion into physical execution, targeting mechanical completion in the first quarter of 2027 while pursuing a much larger battery-materials strategy. The company is also positioning a planned Louisiana HPMSM facility as a US$166 million-supported foothold in non-China supply chains, although financing and permitting remain outstanding.

American Rare Earths has moved Halleck Creek closer to development, expanding the proposed Cowboy State Mine, completing 18 feasibility-stage drill holes and beginning pilot plant processing. But with A$11.0 million in cash and an estimated 1.44 quarters of funding at current outgoings, the next phase will likely require fresh capital or another funding source.

Lake Resources has moved its Kachi lithium project into front-end engineering after securing Catamarca’s Environmental Impact Declaration. A A$7.9 million ATM raising lifted quarter-end cash to A$10.1 million, although final capital costs and construction funding remain unresolved.

Resources & Energy Group has signed the definitive Maranoa mining agreement under which Rembrandt Mining will fund all development, processing and rehabilitation capital. The quarter also delivered high-grade drilling results across East Menzies, although REZ produced no gold and cash fell to A$734,000.