Latest Government It News

Lakes Blue Energy has completed drilling and begun production testing at its Wombat-5 well, while progressing plans for proof-of-concept drilling at the Portland Energy Project targeting up to 1 trillion cubic feet of gas.

Burgundy Diamond Mines disclosed a heavy cash burn from operations and investing in Q4 2025, offset partially by new and amended loan facilities extending maturities into the 2030s. The company ended the quarter with A$39.8 million cash and over A$76 million in unused financing.

USCOM Limited has completed the sale of its subsidiary Uscom SNG Pte. Ltd, marking a cessation of its operating activities and leaving the company with minimal cash reserves.

Moab Minerals has terminated its acquisition of the Sasare Cu-Au Project in Zambia and is now concentrating on advancing its Manyoni Uranium Project in Tanzania, buoyed by strong uranium prices and strategic tenement acquisitions.

Bridge SaaS Limited reports steady operational progress in its disability services division, highlighted by the launch of a wholly owned NSW subsidiary and solid cash flow results for the December 2025 quarter.

Northern Minerals Limited reported a $10 million net operating cash outflow for the December 2025 quarter, ending with a robust cash balance of nearly $49 million supported by recent equity raises.

Northern Minerals has made significant strides in developing its Browns Range Heavy Rare Earths Project, securing substantial funding support from US and Australian agencies alongside a $60.5 million capital raise. Exploration success and engineering progress position the company for a Final Investment Decision by late 2026.

Minbos Resources Limited reported a challenging quarter with significant cash outflows but plans a $1 million share purchase plan to bolster its funding position.

Minbos Resources advances key financing deals and unveils a cost-cutting plan for its Cabinda Phosphate Project, while forming a strategic joint venture to develop green ammonia production targeting 2028.

EcoGraf Limited has marked significant progress in its Epanko Graphite Project financing and expansion plans, while initiating a strategic gold farm-in agreement with AngloGold Ashanti in Tanzania.

RBR Group Limited reports a significant uptick in tender opportunities exceeding US$80 million following the restart of major LNG projects in Mozambique, alongside steady contract revenues and ongoing infrastructure investments.

Eastern Resources Limited reported a modest cash outflow from operations in the December 2025 quarter but retains a robust cash balance supporting over 18 quarters of funding.