Latest Operational Efficiency News

Cryosite Limited has inked a deal to acquire a strategic freehold warehouse in Auburn, NSW, doubling its storage capacity and positioning itself for significant growth in clinical trial logistics.

Excite Technology Services has raised $2.1 million through convertible notes from institutional investors, including key backer Belgravia Strategic Equities, to fund cost restructuring and operational improvements.

AXP Energy has successfully logged hydrocarbons across several zones in its Charlie #1 well in Oklahoma and is preparing for hydraulic fracturing with production expected by the end of October.

Bravura Solutions has raised its FY26 revenue and cash EBITDA guidance, citing a strong British pound and increased project activity in EMEA as key growth drivers.

Auric Mining has completed the acquisition of the Burbanks Gold Processing Facility for $4.4 million, positioning itself to control its gold production cycle and accelerate growth.

Westgold Resources unveils a conservative, fully funded three-year plan to increase gold production from 326koz to 470koz annually by FY28 while reducing costs. The strategy leverages existing assets and processing hubs, with key expansions and exploration investments underpinning growth.

Alma Metals reports steady progress on deep diamond drilling at the Briggs Copper Project, confirming mineralisation consistent with recent models and nearing completion of a key scoping study.

St Barbara Limited forecasts a 21% increase in gold production for FY26 at its Simberi Operations, with costs expected between A$4,000 and A$4,400 per ounce. However, key capital investment decisions hinge on unresolved Papua New Guinea tax assessments and mining lease approvals.

Tamboran Resources is set to acquire Falcon Oil & Gas, creating a dominant player with approximately 2.9 million net prospective acres in Australia's Beetaloo Basin. The deal, valued at over US$500 million pro forma, aims to strengthen Tamboran's development footprint and shareholder base.

Spirit Technology Solutions forecasts strong FY26 growth with revenue surpassing $114 million and underlying EBITDA rising between 14% and 23%. The company signals ongoing expansion through organic and potential inorganic avenues.

MC Mining’s FY2025 results reveal a sharp increase in losses driven by impairments and lower coal sales, while a strategic investment by Kinetic Development Group advances its flagship Makhado Project.

Asara Resources reports strong initial drilling results at its Massan prospect within the Kada Gold Project, confirming high-grade gold continuity and new deeper mineralisation zones. The ongoing program aims to expand the resource footprint with further drilling planned.