Latest It Infrastructure News

Tanami Gold has entered FY27 with funding in place for a 3,500-metre underground decline at Groundrush, after raising $70.5 million and reporting a 2.8 million ounce Central Tanami resource. The project remains in the study and resource-definition phase, with no Ore Reserve or production decision yet disclosed.

Latrobe Magnesium has secured A$8.5 million in equity funding to complete its Latrobe Valley demonstration plant and advance a proposed South Carolina magnesium project. The raising gives the company near-term funding certainty, but also brings further dilution and leaves the larger US development dependent on future capital.

Simble Solutions is extending its NanoSensor technology into terrestrial solar monitoring, using its existing SimbleSense and CarbonView platforms as a potential route to commercialisation. The opportunity remains at the benchmark-testing stage, with space-based solar identified as a longer-term possibility rather than an immediate product or revenue stream.

Many Peaks Minerals has extended the tested vertical depth of gold mineralisation at its Ferké project by about 70%, with a deepest intercept returning 40.3 metres at 3.89g/t gold. The results support a planned resource update and preliminary assessment of underground mining, but remain exploration results outside the current resource.

Adavale Resources has lifted its Parkes Project gold inventory to 383,300 ounces, led by a 228% increase at London-Victoria after an 85-hole drilling campaign. The company is now moving from resource definition towards metallurgical testing and a Scoping Study, although no production decision or project economics has been disclosed.

Cavalier Resources is advancing site preparation, contractor negotiations and recruitment at its Crawford Gold Project, but its financing remains unfinished after Javelin Global Commodities’ exclusivity period expired. Shareholders have also approved a A$60,000 share subscription by interim CEO Daniel Tuffin.

Anax Metals has moved its Whim Creek copper-zinc project closer to a targeted investment decision, backed by strong feasibility economics and new drilling. But the annual report makes clear that development still depends on securing further funding, with the auditor warning of a material uncertainty over going concern.

Bellevue Gold delivered record FY26 production and free cash flow while cutting its hedge book by more than half. The next test is whether higher FY27 output and greater spot-price exposure can convert operational progress into materially stronger cash generation.

Zeotech Limited (ASX:ZEO) is moving Toondoon toward its first direct-shipping kaolin export after securing a potential A$200 million offtake agreement, while AusPozz™ and zeoteCH₄® produce encouraging trial results. The progress came alongside an A$8.15 million FY26 loss, negative operating cash flow and an acknowledgement that further funding may be required.

Carnaby Resources’ proposed acquisition by Evolution Mining has moved closer to completion after ASIC registered the scheme booklet and Evolution waived the ACCC clearance condition. The scrip deal still requires shareholder and Court approval, with the vote set for 26 October.

Future Metals has reshaped its Panton development plan around a potentially lower-capital Savannah processing route, but entered FY27 with only A$1.46 million in cash and a formal warning over future funding. A post-year-end A$3.56 million raising now funds the next study phase, including a larger updated resource base.

Meeka Metals has reported its first full-year profit as a gold producer, but the $51.3 million result came after a difficult second half and $107 million of growth investment. The company is now betting that higher-grade underground ore, processing upgrades and a fresh Mt Holland portfolio can improve cash generation.