Latest Local Content News

Prospect Resources has taken its flagship Mumbezhi Copper Project to 208.1 million tonnes, while lifting ownership to 90% and securing A$45 million for the next phase of work. The project remains pre-production, leaving the upcoming Scoping Study and further drilling to convert geological scale into an economic case.

Tivan has secured a 50 km² exploration concession immediately north of its Turiscai project in Timor-Leste, subject to formal regulatory grant. The addition would lift the project to eight licences covering approximately 394 km² ahead of planned maiden drilling in the fourth quarter.

Cycliq Group Limited reported a 20.7% revenue decline to AUD 3.79 million for FY2026, but reduced its net loss by 83% to AUD 85,897, driven by disciplined cost control and strategic platform investments.

Evolution Energy Minerals (ASX:EV1) has received official clearance from Tanzania’s Mining Commission to finalise its maiden drilling contract at the Chikundo Copper Project, advancing its local content strategy with three fully Tanzanian-owned contractors shortlisted.

Meteoric Resources has completed a Definitive Feasibility Study for its Caldeira Rare Earth Project in Brazil, revealing a large, high-grade ionic clay deposit with a 20-plus year mine life and strong financial metrics.

Black Rock Mining has secured an extension to its US$204 million credit facility to November 2026, providing crucial runway to finalise equity funding for its Mahenge Graphite Project. Early works are nearing completion, positioning the project for construction pending full funding and Final Investment Decision.

Deep Yellow Limited has accelerated progress at its flagship Tumas uranium project in Namibia, awarding major construction contracts and pushing detailed engineering close to 80% completion ahead of a Final Investment Decision expected in Q4 2026. Exploration activities in Namibia and Australia continue to build the company’s resource pipeline amid a strengthening uranium market.

Deep Yellow has awarded two major civil and concrete construction contracts worth about A$34 million to Namibian-owned companies for its Tumas uranium project, advancing its path to a Final Investment Decision in late 2026.

Tivan Limited has engaged Indigenous-owned MDM Mining & Civil under an Early Contractor Involvement contract to optimise the access road design for its Speewah Fluorite Project in WA, supporting the ongoing Definitive Feasibility Study.

International Graphite Limited has secured a construction contract for its Collie Micronising Facility, keeping the project on track for a mid-2027 completion and within budget.

Evolution Energy Minerals (ASX:EV1) is set to launch its maiden drilling campaign at Tanzania's Chikundo Copper Project, targeting multiple high-confidence copper anomalies defined by recent soil sampling and historical data.

Toubani Resources reports rapid earthworks progress and equipment deliveries at Kobada Gold Project, maintaining its target for first gold in Q3 2027.