Latest Joint Venture News

Vitura Health has opened FY2027 with a sharp improvement in EBITDA and lower operating costs, while revenue growth continued across its digital health businesses. The figures are unaudited, and the company still needs to prove that the improvement can survive the wind-down of Bupa-related telehealth volumes.

Eureka Group Holdings is reshaping its North Queensland seniors rental portfolio, selling half of two Cairns villages while acquiring half of two Townsville assets. The deal is expected to release approximately $10.4 million for development and debt reduction, but settlement is still pending.

Altitude Minerals is abandoning its Byrock copper-gold earn-in after disappointing assays and redirecting exploration towards drill-ready silver and gold targets in Nevada. The pivot comes with $817,000 in cash, 1.5 quarters of estimated funding and further capital still to be secured.

Simonds Group delivered a sharp FY26 earnings rebound, with NPAT rising 950% to $10.5 million as revenue, site starts and margins all improved. The annual report also flags a qualified sustainability reporting outcome and a new Western Australian venture that will require execution and cash.

Dalaroo Metals will drill five holes totalling about 1,250 metres around its high-grade Wilfred gold intercept in Côte d’Ivoire. The work is designed to establish whether the 18-metre zone at 7.31 g/t gold extends at depth and along strike, while new assays and a diamond rig add near-term exploration catalysts.

Carnarvon Energy is lining up Ara as the likely firm well in its 2027 Bedout campaign, backed by a contracted rig, environmental approvals progressing and A$97 million in cash. The prospect carries 191 million barrels of oil equivalent in gross unrisked prospective resources, but only a 37% geological chance of success and uncertain fluid type.

Echelon Resources has completed the Palm Valley 14 appraisal well as a gas producer after a flow test recorded approximately 3 million standard cubic feet per day with no water or oil. First gas is expected before the end of October, with the well forecast to deliver 3-4 terajoules a day once tied in.

Central Petroleum will put PV14 into production despite an initial 3.2 TJ/d flow test that fell below its target and recent Palm Valley wells. Water seen during vacuum flow leaves the well’s sustainable output uncertain as attention shifts to PV15.

Boom Logistics has secured an expected $18 million, 35-week contract to provide crane services for Neoen’s 179 MW Narrogin Wind Farm in Western Australia. The award gives its FY27 wind division an early revenue platform, although the announcement does not disclose margins or earnings contribution.

Prodigy Gold has launched a fully underwritten $7.92 million entitlement offer to fund exploration and project approvals, but the capital raising could also lift three existing substantial holders above their current voting stakes. The non-renounceable offer is priced at $0.047 a share, below the stock’s recent three-month low of $0.049.

Antilles Gold’s significantly oversubscribed rights issue has expanded into a $3.45 million capital raising, giving the company additional funding while it seeks to lift US sanctions affecting its Cuban joint venture. The extra $900,000 is earmarked largely for La Demajagua drilling, but only if the sanction is removed.

Corazon Mining has exercised its option to secure an 80% interest in the 154-square-kilometre Feather Cap Gold Project after drilling confirmed shallow, high-grade mineralisation at Wembley. The company now faces the more difficult task of proving scale, continuity and economic significance through follow-up drilling.