Latest Operational Challenges News

African Gold Ltd has proposed a scheme of arrangement for Montage Gold Corp to acquire 100% of its shares, with an independent expert endorsing the deal as fair and reasonable. The African Gold board unanimously recommends shareholder approval, setting the stage for a significant consolidation in Côte d'Ivoire’s gold sector.

The NSW Department of Planning and Environment has approved a six-year extension for the Dartbrook underground coal mine, pushing its operational horizon to 2033 despite ongoing financial administration challenges.

Austin Engineering has addressed ASX concerns over its half-year earnings, confirming compliance with disclosure rules despite downward revisions to FY26 guidance.

Tartana Minerals has launched a targeted $0.435 million upgrade to its Copper Sulphate Pentahydrate plant, aiming to increase production capacity and reliability amid rising copper prices. The move follows positive test results on higher-grade pit fill material, potentially adding new feedstock without extra crushing.

PolarX Limited reports impressive high-grade gold assay results from its inaugural drilling at the Ridgeline prospect within Nevada’s Humboldt Range, revealing wide mineralised zones and plans for extensive follow-up drilling.

MCS Services Limited reported a 32% revenue decline for the half-year ending December 2025, alongside improved EBITDA and no significant impairments. The company is moving forward with a proposed sale of its Highways Traffic business, though an auditor’s going concern warning casts a shadow over its near-term outlook.

Mayfield Childcare reported FY25 revenue growth driven by acquisitions but faced EBITDA decline due to occupancy and integration issues. Embark Education’s takeover bid adds a new dimension to the company’s strategic outlook.

The ASX has suspended trading in eight companies for failing to lodge their periodic reports on time, raising fresh questions about compliance and market confidence.

Litchfield Minerals has released new induced polarisation survey results that reinforce and expand the mineral systems model at its Oonagalabi Project, Northern Territory, ahead of resumed diamond drilling.

Galan Lithium’s Hombre Muerto West project in Argentina is 92% through Phase 1 construction, with commissioning and first lithium chloride concentrate production expected in 2026.

Nexion Group Ltd reports a striking turnaround to a $6.3 million net profit in H1 2026, driven by gains from subsidiary sales, while continuing operations still face losses amid efforts to regain ASX trading status.

Resolute Mining Limited reported a robust financial turnaround in 2025, posting a $126.7 million net profit driven by higher gold prices and cost efficiencies despite lower production volumes. The granting of the Doropo mining permit and strategic asset sales mark key milestones in its West African expansion.