Latest It Infrastructure News

Mineral Resources Limited posted a substantial $809 million loss for the half-year ending December 2024, driven by lower revenues and significant impairment charges, notably at its Bald Hill lithium project. The company also announced no interim dividend as it focuses on liquidity and operational transitions.

AUCyber Limited has announced a significant reshuffle of its leadership team, appointing Chris Wright as CEO and welcoming three new non-executive directors, signaling a strategic pivot for the cyber security firm.

Ardea Resources Limited has made significant progress on its Kalgoorlie Nickel Project (KNP) Goongarrie Hub, supported by a fully funded $98.5 million Definitive Feasibility Study (DFS) led by a Japanese consortium. The project is positioned as a long-life, low-cost nickel-cobalt operation critical to the global battery supply chain.

5G Networks Limited has closed its on-market takeover offer for AuCyber Limited, acquiring an 89.685% stake but falling short of the 90% threshold needed for compulsory acquisition.

Critica Minerals Limited has announced a significant milestone with its Jupiter Project, revealing Australia’s largest and highest-grade clay hosted rare earth resource alongside successful metallurgical test results that promise substantial mass reduction and grade upgrade.

Cobalt Blue Holdings Limited is set to rebrand as Core Blue Minerals Limited, reflecting its strategic shift to diversify beyond cobalt into copper and other base metals through a new Earn-in agreement for the Halls Creek Project.

Humm Group Limited has reported a remarkable 119% increase in cash profit after tax for the half-year ended December 31, 2024, alongside improved capital efficiency and reduced operating expenses. The company declared a fully franked interim dividend, underscoring its strengthened financial position.

Propel Funeral Partners has agreed to acquire two historic New Zealand funeral service providers, marking a strategic expansion into new regional markets with an acquisition valued at up to A$7.3 million.

NAOS Small Cap Opportunities Company Limited reveals that BSA Limited, a significant investee, was not selected for the new NBN Field Services Contract, potentially impacting NAOS’s investment returns.

Hot Chili Limited reveals a significant copper-gold porphyry discovery at La Verde, underpinning the growth of its Costa Fuego project in Chile with strong resource expansion and strategic infrastructure advantages.

Diablo Resources has unveiled a high-grade copper discovery at its newly acquired Phoenix Copper Project near the prolific Lisbon Valley Mine in Utah, with initial rock samples returning up to 45.7% copper and 219 g/t silver. The company is advancing exploration with drilling planned for 2025.

Provaris Energy has launched a capital-lite revenue model designed to generate early cash flow with minimal capital expenditure, alongside securing a major hydrogen supply agreement with Uniper Global Commodities. The company targets first hydrogen deliveries by early 2029, advancing its position in Europe's hydrogen supply chain.