Latest Operational Costs News

Vulcan Energy Resources has raised €398 million through a fully underwritten institutional placement and entitlement offer to fund the construction and commissioning of its Lionheart lithium project, marking a pivotal step from development to execution.

Finder Energy has acquired the Petrojarl I FPSO from Amplus Energy for US$15 million, aiming to fast-track its KTJ oil development project with a targeted final investment decision by mid-2026 and first oil by the end of 2027. This move is supported by a two-tranche institutional placement raising A$25 million at a 21.3% discount.

Native Mineral Resources Holdings Limited has entered a binding joint venture with Haoma Mining NL to develop the Ravenswood Gold Project, leveraging NMR’s Blackjack Operations as a regional processing hub.

Lindian Resources confirms a high-grade, ultra-low-radiation rare earth carbonate product from its Kangankunde project, achieving 97% recovery of critical neodymium and praseodymium. The breakthrough promises simpler processing and competitive operating costs.

Magnum Mining & Exploration has launched a two-rig drilling campaign at its high-grade Feirinha Rare Earth Element Prospect in Brazil, aiming to unlock a potentially low-cost REE discovery. Initial metallurgical tests suggest promising recoverability of these critical minerals.

Nelson Resources secures regulatory approval for a major 11,544m drilling program at its Yarri Gold Project, with MEGA Resources backing the $10 million funding and operational management.

Verbrec Limited has completed the sale of its Competency Training business for $11.2 million, positioning itself for strategic growth in energy transition and automation sectors.

Green Technology Metals has appointed Altris Engineering to complete the Definitive Feasibility Study for its Seymour Lithium Project in Ontario, advancing towards a mid-2026 Final Investment Decision amid a disciplined cash strategy.

Greatland Resources has released a comprehensive feasibility study for its Havieron gold-copper project, outlining a long-life, low-cost operation fully funded through cash reserves and debt facilities. The study highlights robust economics and significant upside potential.

Greatland Resources confirms Havieron as a world-class, long-life gold-copper mine with robust economics and full funding secured. The feasibility study outlines a 17-year mine life with steady production and competitive costs leveraging existing Telfer infrastructure.

Ryzon Materials Ltd has lodged a prospectus to raise up to $10 million through a share placement with free-attaching options, aiming to meet ASX conditions for lifting its securities suspension and advancing its Nachu graphite project.

ikeGPS Group Limited reported a modest revenue increase for the first half of FY2025 but faced a significant rise in net losses, with no dividend declared.