Latest Joint Venture News

Great Divide Mining and Dart Mining report record high-grade gold, silver, and antimony assays from ongoing drilling at the Banshee prospect, advancing the Coonambula project towards a maiden resource estimate.

Mitchell Services Limited reported a solid half-year performance with revenue up 3% to $102.4 million and EBITDA soaring 69% to $21.4 million, returning to profit after a prior loss. The company declared a fully franked 4 cent dividend, reflecting strong cash flow and disciplined capital management.

Dart Mining NL has reported record assay results for gold, silver, and antimony from its ongoing drilling at the Banshee prospect in Central Queensland, extending mineralisation and advancing towards a maiden resource estimate.

Downer EDI Limited reported a nuanced half-year performance ending December 2025, showing a decline in headline revenue and profit but growth in underlying earnings and a higher interim dividend.

Whitehaven Coal reported a 28% revenue decline to $2.48 billion and a net profit of $69 million for H1 FY26 amid softer coal prices and reduced equity sales. The company declared a fully franked 4 cent interim dividend and outlined ongoing development projects despite market headwinds.

Evion Group has secured formal notice from Madagascar’s Mines Ministry that its Maniry Graphite Project permits have passed technical assessment and are set for expedited approval, marking a key step towards production.

MGX Resources reported a $20.8 million half-year loss, driven by a major rockfall at Koolan Island that halted mining and triggered a $60 million asset impairment. The company is pivoting towards gold with its recent acquisition of a 50% stake in the Central Tanami Project.

Wesfarmers has reported a 9.3% rise in net profit after tax to $1.6 billion for H1 2026, driven by robust performances in Bunnings, Kmart Group, and lithium operations. The company also announced a 7.4% increase in its interim dividend amid ongoing cost pressures and strategic AI partnerships.

PLS Group has acquired Calix’s stake in their joint lithium processing venture, gaining full ownership and operational control while securing a royalty-free licence for Calix’s calciner technology.

Infragreen Group Limited reports a remarkable turnaround with a statutory net profit of A$3.64 million for H1 2025 and declares its inaugural interim dividend, underscoring confidence in its sustainable infrastructure investments.

Livium Ltd has turned a profit in the first half of FY26 despite lower revenues, supported by cost cuts and a new joint venture. The company also secured $4.5 million in fresh capital to expand its lithium-ion battery recycling and rare earth initiatives.

Albright Metals has agreed to sell a significant portion of its Bryah Basin tenements to Catalyst Metals for $1 million cash plus $800,000 in shares, enabling a sharper focus on its Canadian gold and antimony projects.