Latest Government It News

Excite Technology Services has secured an additional $3.2 million in work from an Australian Federal Government agency over 24 months. The contract offers a meaningful test of the cybersecurity provider’s post-restructure momentum, although standard government terms leave the scope and value adjustable.

Element 25 has moved its Butcherbird manganese expansion from feasibility into project delivery, targeting mechanical completion and commissioning in the first quarter of calendar 2027. The company also strengthened funding and commercial support, although construction, financing conditions and the absence of FY2026 revenue leave execution as the central test.

Micro-X has secured an eight-month, US$0.75 million contract extension from the US Department of Homeland Security to upgrade its miniature CT baggage scanner for scaled manufacturing. The award advances a technology platform towards possible commercial use, but does not yet represent a product sale or customer deployment.

WhiteHawk has secured an unsecured A$1.5 million facility and says it does not currently expect to raise equity, after cutting annualised operating costs by about A$1.24 million. The funding comes at a 16% interest rate and must be repaid in full at maturity, leaving execution and cash receipts central to the plan.

Dateline Resources has gained a powerful ally in its bid to restart the Colosseum project, with the US Government asking a federal court to suspend the injunction blocking operations. A Department of War declaration argues the California rare earth project serves US economic and national security interests, but the stay remains undecided.

Tamboran Resources has moved into initial Beetaloo gas sales, but its first annual report after the milestone still records no fiscal 2026 revenue, a $30.5 million loss and substantial doubt about its ability to continue as a going concern. The company held $219.1 million in cash at June 30, yet faces heavy development spending, no proved reserves and a material weakness in financial controls.

EMVision Medical Devices has received a $4.3 million R&D tax refund, adding non-dilutive funding as it progresses clinical work on its emu™ and First Responder devices. The cash arrives against a last reported cash balance of $17.1 million and $4.6 million in remaining grant funding at 30 June 2026.

Vital Metals reported a A$16.63 million FY2026 loss after impairing its North T mine asset by A$12.73 million, while its auditor highlighted material uncertainty over the company’s ability to continue as a going concern. The balance sheet was strengthened by A$12.47 million in placements, but Tardiff’s encouraging drilling results must now translate into a larger resource and a credible pre-feasibility study.

Ardea Resources enters FY2027 with its flagship Goongarrie Hub still short of a completed definitive feasibility study, even as Japanese partners and governments deepen their support. The company reported a A$24.6 million consolidated loss, while future funding arrangements beyond the current DFS program remain unresolved.

Comvita shareholders will vote on a contested-looking board agenda featuring five director elections, three proposed removals and a 39.3% increase in total director remuneration. The proxy form provides no explanation for the removals, leaving the 28 October meeting as the key test of shareholder support.

Barramundi Limited (NZX:BRM) has reported the worst performance in its 20-year history, with a NZ$42.9 million net loss and a 17.0% fall in gross portfolio performance. The board is reviewing Fisher Funds’ management performance just weeks before its five-year agreement comes up for renewal.

Australian Vanadium reported progress across its mine, electrolyte and battery businesses, but auditors highlighted material uncertainty over the company’s ability to continue as a going concern. The group held $17.9 million in cash at 30 June, yet expects to need additional funding within 12 months.