Latest Operating Costs News

Freedom Bidco has increased its unsolicited cash offer for Strata Investment Holdings to A$0.22 per share, presenting shareholders with a premium liquidity option ahead of Strata’s imminent ASX delisting. The offer includes a cash alternative and a share swap, while Freedom Bidco accuses Strata’s board of obstructive tactics and governance failings.

Lindian Resources has terminated its monazite concentrate sales agreement with Gerald Metals, issuing 20 million shares as part of the deal and reclaiming full control over its Kangankunde Rare Earths Project sales strategy.

Reef Casino Trust projects a 6.83 cents per unit distribution for the first half of 2026, reflecting steady profitability amid ongoing takeover bid conditions.

Lunnon Metals reported its best month yet at Lady Herial with 2,865 ounces of gold produced in May 2026, generating $10.8 million in revenue and enabling early repayment of a $6 million working capital loan. Mining remains on schedule to complete by September, with strong cash reserves set to fund further exploration.

Regis Resources has reinstated the McPhillamys Gold Project Ore Reserve at 56Mt grading 1.1g/t Au for 1.89Moz, supported by a new Pre-Feasibility Study demonstrating strong economics and an alternative tailings strategy. The company targets a Final Investment Decision in H1 2028, pending permitting and judicial review outcomes.

Adslot Technologies, the wholly owned subsidiary behind Adslot's Marketplace platform, has appointed a voluntary administrator due to financial strain from its clearing house revenue model. The platform's operation now shifts to a fee-only basis under Adslot Limited.

VBX Limited has secured key environmental approvals that reduce the Wuudagu bauxite project footprint by nearly 10% while allowing mining rates up to 9 Mtpa. The project advances with a finalized Environmental Review Document and ongoing Definitive Feasibility Study, promising significant community and economic benefits.

PMET Resources has partnered with Mitsui and Microwave Chemical to test microwave calcination technology for on-site lithium refining at Shaakichiuwaanaan, aiming to leverage Quebec’s renewable hydro power to boost value capture and reduce logistics.

Iron Bear Resources (ASX:IBR) has detailed progress on its Canadian Iron Bear Project, highlighting a robust scoping study, a major joint venture with Vale, and strategic advantages in a growing direct reduction pellet market.

Turaco Gold’s pre-feasibility study for the Afema Gold Project in Côte d’Ivoire reveals a maiden 1.91 million ounce Probable Ore Reserve and robust project economics, underpinning a 10.3-year mine life producing over 2 million ounces of gold.

Victory Metals has achieved a major processing milestone at its North Stanmore Project, producing a 7.1% Total Rare Earth Oxide concentrate with 40% heavy rare earth oxides through continuous flotation at pilot scale.

Lithium Universe (ASX: LU7) has completed the detailed process flow sheet for a novel hydrometallurgical technology licensed from the University of Edinburgh to extract gold and copper from electronic waste. The low-temperature, reagent-recycling method aims to disrupt traditional smelting with environmental and cost benefits.