Latest Operating Costs News

Knosys has locked in a two-year, $3.8 million contract extension with ANZ, with full payment received upfront. This deal underpins Knosys’s role in ANZ’s AI integration efforts and strengthens the company’s cash position.

BWP Group has successfully closed its $228 million fully underwritten entitlement offer, with retail investors contributing $19 million and institutional investors covering the balance.

Prodigy Gold’s scoping study for the Hyperion Gold Deposit confirms a viable open pit project with a 4-year mine life and strong financial metrics, underpinned by a 454,000-ounce resource.

VRX Silica’s updated 2026 Bankable Feasibility Study for Arrowsmith North confirms robust economics with an ungeared NPV8 of A$179.2 million and binding offtake contracts securing nearly 1 million tonnes annually.

Sovereign Metals has verified that its Kasiya project hosts monazite concentrates rich in critical heavy rare earths Dysprosium, Terbium, and Yttrium, with oxide ratios far exceeding global benchmarks. This discovery could add a valuable by-product stream at near-zero incremental cost, enhancing the project’s economics amid growing Western supply chain security concerns.

West Cobar Metals reports promising metallurgical results from its Salazar project, highlighting a potential low-cost scandium production route via atmospheric leaching and bioleaching. The findings reinforce Salazar’s strategic value amid rising global scandium demand and ongoing U.S. critical minerals engagement.

Savor Limited has swung back to profitability in FY26, delivering a net profit after tax of $1.3 million alongside its strongest operating margin ever at 14.5%. The hospitality group also reduced leverage significantly and is set to pay its first dividend, marking a milestone after years of losses.

PhosCo Ltd reveals a simplified single-stage flotation process for its Gasaat Phosphate Project that promises lower costs and reduced complexity, boosting prospects ahead of its Q3 2026 scoping study update.

Thrive Tribe Technologies (ASX:1TT) has locked in A$4 million through a share placement to accelerate its AI-enabled workforce engagement software, targeting enterprise and defence sectors.

Meeka Metals is transitioning to underground mining at its Murchison Gold Project, with capital investment tapering and exploration drilling underway to support resource growth and production expansion.

Viridis Mining has produced its first batch of high-grade Mixed Rare Earth Carbonate at its Poços de Caldas Demonstration Plant, advancing key milestones for the Colossus Project and setting the stage for commercial-scale rare earth production.

Hawsons Iron Ltd’s May 2026 Pre-Feasibility Study update reveals a 37% jump in project NPV to AU$1.87 billion, driven by a switch from truck haulage to a conveyor waste system that cuts costs and carbon emissions.