Latest Materials News

Karoon Energy has successfully revived production at the Baúna SPS-92 well, lifting total output to 20,500 bopd and revising its 2026 capital expenditure guidance upward. Concurrently, the company plans a third phase of its on-market share buyback, citing undervaluation and disciplined capital allocation.

Orion Minerals has confirmed the down-dip continuity of a high-grade copper zone at its Flat Mine East prospect with a new drill intercept of 3.96m at 4.64% Cu, including 0.95m at 14.19% Cu, extending the deposit beyond previous drilling.

Greatland Resources has reported a 62% surge in its Group Ore Reserve to 5.0 million ounces of gold as of March 2026, driven by a 150% jump in the Telfer Ore Reserve to 1.8 million ounces following a major drilling campaign.

Lion Energy has locked in Indonesian government approval for a key farm-out deal, enabling OPIC to fund the majority of the Bula Karang-1 well costs while Lion retains a significant stake in the East Seram PSC.

Temas Resources' re-assay program at the Hervieux West deposit validates extensive high-grade titanium-vanadium mineralisation and reveals significant gallium, scandium, and chromium credits, accelerating resource development at the La Blache Project.

Elevra Lithium has commenced construction on its North American Lithium expansion, backed by a recent capital raise that fully funds the project. The expansion aims to boost spodumene concentrate output by up to 20% and reduce operating costs by mid-2027.

TruScreen Group posted a NZ$2.25 million loss for FY2026, with its auditor highlighting material uncertainty over the company’s ability to continue without further funding. Revenue rose to NZ$2.4 million amid geographic expansion, but cash burn and accumulated losses remain significant.

Healius has secured a national pathology services agreement with Ramsay Health Care subsidiaries, consolidating its role across 13 hospitals and stabilising a key revenue stream worth around $45 million annually.

Beonic Ltd has fully subscribed the shortfall placement from its recent pro-rata entitlement offer, with nearly 18 million shares set for issuance early next month.

CD Private Equity Fund I (ASX:CD1) posted a net loss of $6.96 million for the year ended 31 March 2026, driven by a $5.14 million fair value decline in its US private equity holdings and significant foreign exchange pressures. Despite near-term setbacks, the Fund has delivered an 8.3% post-tax annual return since inception.

CD Private Equity Fund III (ASX:CD3) posted a net loss of $9.01 million for FY26, weighed down by foreign exchange losses and fair value declines. Despite near-term challenges, the Fund sustains strong long-term performance and liquidity.

Australian Strategic Materials (ASM) has postponed its shareholder Scheme Meetings to early August 2026, following Energy Fuels’ major financing and acquisition moves. The updated timetable awaits court and regulatory approvals, with the ASM board maintaining its unanimous recommendation.