Latest Operating Costs News

Lunnon Metals delivered its best month yet at the Lady Herial open pit, mining over 62,000 tonnes at 1.73 g/t gold and securing a $12 million payment from Gold Fields, setting the stage for a robust finish to operations and a solid cash position for FY2027.

Meridian Energy's June 2026 report reveals record-high hydro inflows and storage, robust generation growth, and rising retail sales, offset by sharply lower wholesale prices and rising costs.

Phoslock Environmental Technologies increased production significantly in the June quarter but faced a higher operating cash flow deficit and ongoing legal disputes.

Centaurus Metals has gained regulatory approval to connect its Jaguar Nickel Sulphide Project in Brazil to the national 230kV power grid, securing 20MW of low-cost, reliable electricity that will reduce operating costs and de-risk the project ahead of a Final Investment Decision.

Freehill Mining’s aggregates business posted a record $1.36 million in quarterly sales, up 47% from the prior quarter, driven by plant improvements and a broadening customer base. June alone saw a record $496,000 in sales, underpinning the company’s copper project ambitions.

Lindian Resources has secured independent validation from ANSTO of a complete hydrometallurgical flowsheet for its Kangankunde monazite concentrate, achieving near-complete NdPr extraction and producing a non-radioactive mixed rare earth carbonate product ready for commercial processing.

Admiralty Resources has pushed its Mariposa Iron Ore Project into pre-production, completed initial shipments, and raised $7 million in a rights issue, while reporting a $4 million loss for FY25 amid ongoing operational and financial challenges.

Polymetals Resources accelerated production and revenue growth in the June quarter, underpinned by high-grade drilling results that suggest a smaller historic collapse and expanded resource potential at the Endeavor Mine.

Killi Resources is launching a major exploration push at its Lodestone Iron Ore Project, targeting rapid growth of its 110Mt inferred resource through an extensive drilling and geophysical campaign.

Octava Minerals has outlined a colossal exploration target of up to 7.4 billion tonnes of mineralised black shale at its Byro Project, featuring rare earths, lithium, and vanadium grades that align with promising bioleaching recoveries. Further drilling and metallurgical testing aim to advance the project towards a maiden resource.

ABx Group’s ALCORE subsidiary has begun civil construction at its Bell Bay pilot plant, advancing a novel process to produce hydrogen fluoride from aluminium smelter by-products, addressing Australia’s dependence on imports.

Aguia Resources has delivered a breakthrough month at its Santa Barbara Gold Project in Colombia, tripling gold production to 851.9 grams from 100 tonnes processed in June while cutting capital and operating costs dramatically.