Latest Government Support News

Australian Rare Earths has converted Koppamurra from an exploration story into a defined rare earths development case, with an A$858 million after-tax PFS NPV and a maiden Ore Reserve. The next test is less geological than financial: the company must fund the path from pilot processing to construction while carrying a material going-concern warning.

VRX Silica has assembled much of the commercial and regulatory case for Arrowsmith North, including 960,000 tonnes per annum of binding offtakes and a reported A$179.2 million project NPV. The harder test now is funding construction while final approvals, logistics contracts and a final investment decision remain outstanding.

Advanced Engineered Materials is targeting a sharp increase in high-purity alumina sales while laying the groundwork for a possible doubling of Cap-Chat capacity to 6,000 tonnes per annum. The opportunity is substantial, but much of the customer pipeline remains uncontracted and the expansion still depends on feasibility work, financing and a final investment decision.

G11 Resources has designed three drill holes to test the Northeast Pyrite copper-gold target in western Tasmania, close to the Great Lyell Fault and Mt Lyell deposits. The program may receive up to $120,000 in Tasmanian Government co-funding, but the geological case still rests heavily on unverified historical data.

Ionic Rare Earths is pushing toward commercial magnet recycling in Belfast and the United States, but its FY2026 report flags a material uncertainty over its ability to continue as a going concern. The company reported a larger A$14.9 million loss and A$13.9 million in operating cash outflows, despite government support and new strategic partnerships.

Daly Resources ended FY2026 with $11.05 million in cash after its $12 million IPO, but reported a $3.63 million loss dominated by share-based remuneration. The ASX-listed explorer has no defined mineral resources or ore reserves and must now convert its exploration portfolio into results.

Volt Resources has secured US$5.4 million in fully government-funded support for its US graphite refinery and customer application centre. The award is positive for project funding, but the company’s ASX securities remain suspended as it works with the exchange to satisfy reinstatement requirements.

Falcon Metals has started its first-ever drilling at the Olsen Well gold target in Western Australia, expanding the campaign to approximately 6,000 metres after a recent capital raising. The program will test the central portion of a 5.8-kilometre gold-in-soil anomaly supported by rock-chip results of up to 6.42 grams per tonne gold.

Latrobe Magnesium is shifting its growth priority to a proposed 50 ktpa magnesium plant in South Carolina, backed by 32 ktpa of non-binding customer interest and a 20-year feedstock agreement. The project carries substantial indicative economics, but still needs funding, site acquisition, feasibility work, permits and binding offtake contracts.

Silex Systems’ 51%-owned Global Laser Enrichment has secured Cameco as the exclusive buyer for all future production from its planned Kentucky uranium enrichment facility. The deal strengthens the project’s commercial case, but construction, licensing and a final investment decision remain outstanding.

Sunrise Energy Metals has put its Syerston scandium project on a stronger financial footing, ending FY2026 with A$115.4 million in cash and a conditional US$400 million debt commitment. The project still faces a decisive sequence of tests: final investment approval, binding offtake agreements, financing conditions and construction execution.

Viridis Mining has placed its first major equipment order for the Colossus Rare Earth Project, securing critical-path pressure filtration technology that underpins its 2028 production target.