Latest It Infrastructure News

Lycopodium has secured a A$49.4 million EPCM contract to lead the preproduction delivery phase of Greatland Resources’ Havieron gold-copper project in Western Australia. Work has already begun under a limited notice of award issued in June.

icetana AI has signed a five-year, $675,480 plus GST Antara Core contract with Millennium Services Group for deployment to one of Australia’s largest retail property groups. The deal is the third Antara Core sale in three months and is expected to add $135,096 to annual recurring revenue from 1 November 2026.

Innovaero Technologies is seeking A$40 million through a proposed ASX listing to advance its OWL loitering munition program and expand manufacturing capacity. The replacement prospectus also makes clear that the company remains loss-making and heavily dependent on the Department of Defence converting development work into production orders.

TechGen Metals has emerged from a year of lower losses and stronger cash reserves with three gold projects lined up for drilling, while copper and base-metal targets remain in the portfolio. The funding runway is improved, but the August capital raising and new director securities add a material dilution question.

WA1 Resources has ended FY26 with a larger, higher-confidence Luni niobium resource, encouraging processing results and A$123.8 million in cash. The project now moves towards a targeted Q4 CY2026 Pre-Feasibility Study, with permitting, funding and commercial viability still ahead.

Lefroy Exploration is considering folding the high-grade portion of its Burns deposit into the Mt Martin Scoping Study, broadening the development case while pushing delivery into the December quarter. At Lucky Strike, a newly granted licence removes one hurdle but several approvals still stand between the mine and a targeted early 2027 restart.

Bannerman Energy has opened a non-underwritten share purchase plan targeting approximately A$10 million to support construction and working capital at its Etango uranium project in Namibia. The offer gives eligible Australian and New Zealand shareholders access to the same A$4.00 issue price as the company’s A$124 million institutional placement.

Tesoro Gold has established a maiden 1.28 million-ounce JORC Ore Reserve at Ternera in Chile, entirely within a single open pit. The reserve gives the El Zorro project a 13-plus-year production base, but the next test is funding and permitting a development still at PFS stage.

Antipa Minerals has expanded its Minyari Project resource to 3.6 million ounces of gold equivalent and advanced key pre-feasibility work, including conventional processing and deeper open-pit studies. The progress comes with an auditor-highlighted going-concern uncertainty as the company prepares for further exploration and development spending.

Macmahon will acquire Aspect Engineering Solutions for a headline enterprise value of A$75 million, adding engineering, minerals processing and project delivery capabilities to its mining services platform. The deal is expected to lift underlying EPS by about 6.2% from inception, although completion and future earnings performance remain important variables.

Central Petroleum has swung to a $4.9 million FY2026 statutory loss after writing down two Amadeus Basin permits, but its gas business generated higher revenue and margins. The company is now betting on Palm Valley drilling, long-term contracts and new east coast acreage to restore growth.

Condor Energy has consolidated 100% ownership of its offshore Peru acreage and moved its 1 Tcf Piedra Redonda gas discovery closer to commercialisation. The company enters FY2027 with a larger resource base and stronger project control, but auditors have warned that additional funding is needed to sustain operations.