Latest Mining Services News

Macro Metals turned a largely exploratory business into a revenue-generating mining services operator in FY26, with statutory revenue rising to A$1.72 million and approximately A$21.13 million of work awarded. The progress came with a material warning: the auditor said additional funding remains necessary to support the company as it grows.

Boab Metals has moved Sorby Hills from investment decision to construction, but its A$236 million debt facility is not yet available for project drawdowns. The company ended FY26 with A$60.9 million in cash after raising almost A$117 million, while reporting a wider A$7.2 million loss.

Parkway Corporate Limited (ASX:PWN) delivered a sharp revenue increase in FY26 and generated positive operating cash flow, but slipped into a statutory loss and flagged significant uncertainty around its ability to continue as a going concern. Key approvals for its Queensland brine project and a new $2 million mining contract offer commercial progress, while funding remains the central test.

PLC Resources has repositioned around Western Australian gold and copper exploration, securing a maiden 13,000-ounce Inferred Resource at Wadgingarra and full ownership of Yalgoo. But the FY2026 annual report also carries a material uncertainty related to going concern, leaving future exploration dependent on additional funding and exploration success.

SciDev Limited (ASX:SDV) finished FY26 with a sharp annual earnings decline, but a leaner business and stronger second-half performance offer a potential reset. Revenue fell 17% and underlying EBITDA dropped 49%, while the company exited loss-making international operations and rebuilt net cash to $6.8 million.

Develop Global has issued its first full-year production, operating cost and capital guidance, pairing steady Woodlawn output with the planned start of Pioneer Dome lithium sales. The growth comes with a substantial A$411 million to A$458 million investment program, while Yitirrti remains a construction story until FY28.

Perenti has secured drilling contracts across Australia, the United States and Canada expected to contribute about A$185 million in FY27 revenue, alongside an initial A$20 million underground development award in Senegal. A larger Sabodala-Massawa production phase remains conditional on Endeavour Mining issuing a notice to proceed.

Boab Metals has signed a binding Heads of Agreement with RE:GROUP for mining services at its Sorby Hills silver-lead project, clearing a key operational milestone ahead of planned production in the second half of 2027. Site establishment is scheduled for January, with mining services targeted to begin by March.

Strata Minerals has shifted from broad exploration to a Zelica-centred Western Australian gold strategy, pairing strong drilling results with a proposed capital-light mining pathway funded by BML Ventures. The opportunity is growing, but the company remains loss-making and warns that further funding may be required to continue as a going concern.

Astral Resources has strengthened its balance sheet and expanded its Mandilla gold resource as it moves from explorer toward developer. The next test is converting deep drilling, permitting progress and a proposed early-production joint venture into funded construction decisions.

Cavalier Resources is advancing site preparation, contractor negotiations and recruitment at its Crawford Gold Project, but its financing remains unfinished after Javelin Global Commodities’ exclusivity period expired. Shareholders have also approved a A$60,000 share subscription by interim CEO Daniel Tuffin.

Macmahon will acquire Aspect Engineering Solutions for a headline enterprise value of A$75 million, adding engineering, minerals processing and project delivery capabilities to its mining services platform. The deal is expected to lift underlying EPS by about 6.2% from inception, although completion and future earnings performance remain important variables.