Latest Joint Venture News

Fletcher Building expects FY26 EBIT of $375m-$380m, bolstered by $40m in property sale gains, while executing significant divestments to reduce net debt. The company will withdraw its Moody’s credit rating as it targets a simpler capital structure.

Karoon Energy has pushed back production restoration at the Who Dat E manifold to the second half of 2027, prompting a significant downgrade to its 2026 output forecast. Operational setbacks at Who Dat and weather-impacted Baúna interventions weigh on near-term volumes.

Reach Resources has bolstered its war chest by $800,000 through the sale of non-core lithium assets to Delta Lithium, receiving half in cash and half in shares. This deal terminates their joint venture, cutting future holding costs and sharpening focus on the Murchison South gold project.

Alice Queen’s Project Definition Study for Horn Island reveals robust economics, including a pre-tax NPV of A$706 million and an IRR of 109%, underpinning plans to advance to feasibility stages.

Delta Lithium Limited has acquired key tenements at its Yinnetharra Project, gaining full control over 170 km2 of lithium prospective ground. The company also reports a notable gold occurrence at Mason’s prospect and continues extensive exploration across its large tenure.

Redcastle Resources has formalised its acquisition of a 60% interest in the Kilkenny Belt Package, expanding its tenement holdings by over 6,400 hectares and setting the stage for exploration funded by ongoing mining cash flow.

Centuria Industrial REIT (ASX: CIP) detailed its strategy to expand data centre assets leveraging its urban infill industrial portfolio, aiming for real estate returns through development and long-term leases.

Great Plains Metals has secured a 51% interest in Godolphin’s Yeoval and Goodrich copper-gold projects and is moving to increase its stake to 70%, committing another $1 million in exploration. Godolphin will continue as operator while drilling progresses, with assay results due by mid-July.

Centuria Capital Group unveils a vertically integrated AI and data centre strategy through its partnership with ResetData, aiming to capture surging sovereign AI demand amid global supply constraints.

Contact Energy's May 2026 report reveals increased mass market electricity and gas sales alongside reduced generation costs and robust hydro storage levels. The company continues to invest heavily in renewable projects amid mixed wholesale price trends.

Vintage Energy has locked in $5 million in South Australian government grants to co-fund drilling two new gas wells, aiming to boost output from the Southern Flank projects in the Cooper Basin.

Wia Gold’s latest drilling at Kokoseb uncovers a new high-grade mineralised zone beneath the Central Zone, extending underground potential and supporting an updated resource estimate ahead of a Q3 2026 feasibility study.