Latest Financial Modelling News

Canyon Resources has withdrawn its target for a first bauxite shipment in Q4 2026 after AFG Bank suspended further drawdowns on its Cameroon project facility. Rail and road infrastructure advanced, but port dredging, transhipping and a broader funding review now stand between the project and operations.

Wide Open Agriculture has completed the major physical steps in exiting its German manufacturing facility and is now testing four prospective Asian production partners. The transition could lower fixed costs, but commercial supply still depends on technical trials, partner selection and a definitive agreement.

PTR Minerals has identified potential 15-17% heavy mineral zones for early mining at Rosewood, while testing suggests a high-quality leucoxene product may be produced without dry separation. The project also cleared key water, customer and study milestones, although the work remains preliminary and includes Inferred Resources.

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.

Ark Mines’ updated Sandy Mitchell study outlines a 26-year rare earths and heavy minerals operation with a post-tax NPV of A$883 million. The economics are substantial, but depend on refined garnet pricing, uncommitted funding, further approvals and metallurgical work.

EVZ has started FY27 with an $80 million contract backlog, $17.7 million in cash and no drawn loan debt, while Brockman Engineering positions itself for Australia’s proposed fuel-storage expansion. The quarter also brought progress across defence, desalination, power services and potential acquisitions, although several growth opportunities remain prospective.

The Australian Takeovers Panel has declared unacceptable circumstances in A2MP Investments’ lapsed A$0.05-a-share takeover bid for Canyon Resources, citing inadequate disclosure, the use of confidential information and potential coercion of shareholders. Final orders remain undecided.

Deep Yellow has pushed back its targeted fourth-quarter Final Investment Decision for the Tumas uranium project, citing unfavourable equity market conditions. The delay comes as engineering reaches 85%, construction works begin and cash falls to A$144.7 million.

Antipa Minerals has selected a gold-and-copper processing pathway for its Minyari Dome project, bringing the pre-feasibility study closer to release in November. At the same time, drilling expanded Tim's Dome mineralisation across 2.2km, while quarterly exploration spending reduced cash to A$28.0 million.

Foresta has secured acceptance of a Japanese patent for its rosin and terpene extraction technology while moving the Kawerau pine chemicals project through front-end design. But with $2.47 million in cash and estimated funding for 2.65 quarters, the next development stage will bring a financing question into sharper focus.

Hawthorn Resources is nearing a financial investment decision on a larger Anglo-Saxon open pit after upgrading the project’s resource to about 200,000 ounces. The opportunity is advancing alongside a wider FY2026 loss, falling cash and pending exploration results at Pinjin East.

True North Copper says its Cloncurry Copper Project has reached a more substantial technical base, with Wallace North flotation tests averaging 88.9% copper recovery and contained copper-equivalent Resources rising 62% to 204kt. The pre-feasibility study remains targeted for completion in late 2026, but gold recovery, toll-processing terms and economic outcomes are still unresolved.