Latest Plant Upgrades News

Cobre has completed its A$90 million capital raise, including an approximately A$17.7 million second tranche backed by its two largest shareholders and directors. The proceeds will support Sierra Atacama ownership, debt repayment, plant upgrades and exploration in Chile and Botswana.

Cobre Limited (ASX:CBE) says its Sierra Atacama turnaround delivered a first cash-positive quarter, higher recovery and 879 tonnes of copper cathode production. The company remains loss-making at group level, but enters FY27 with more cash, a larger project stake and an ambitious drilling and expansion programme.

Group 6 Metals has reported a sharp FY2026 turnaround, backed by stronger tungsten sales, improved plant performance and A$55.7 million in operating cash flow. The result also carries substantial accounting benefits, while the next test is whether underground mining can make the improvement durable.

Larvotto Resources has produced its first gold and antimony concentrate at the Hillgrove Mine in New South Wales, moving the project from plant commissioning towards a production ramp-up. The milestone comes with binding offtake agreements already in place with Wogen Resources and Glencore International AG.

Ramelius Resources has lifted its FY30 production outlook to as much as 610,000 ounces while committing up to A$570 million of growth capital in FY27. The plan puts a larger Mt Magnet processing hub at the centre of the company’s expansion, but also raises the execution and cost stakes.

Core Lithium has produced its first spodumene concentrate from the recommissioned Finniss processing plant, reaching its September-quarter target within six months of the restart decision. The plant is not yet at steady-state production, with optimisation continuing ahead of a targeted first shipment in the December quarter.

Tolu Minerals has locked in a K95 million (approx. A$30 million) debt facility from a Papua New Guinea bank, complementing its A$50 million cash reserves to fully fund the restart of its Tolukuma Gold Mine. Production is targeted for the first quarter of 2027, with an updated Mineral Resource Estimate due imminently.

Manuka Resources has recommenced gold processing at its Wonawinta facility using stockpiled Mt Boppy ore following a five-month upgrade program. Silver production is set to begin in the final quarter of 2026 after further plant enhancements.

Ramelius Resources delivered 192,182 ounces of gold in FY26, meeting guidance for the sixth year, while integrating the Spartan acquisition and advancing key projects including the Rebecca-Roe DFS and Mt Magnet plant upgrade.

Medallion Metals has appointed Macmahon Underground as the preferred contractor for its Ravensthorpe Gold Project underground mining, securing a $240 million, three-year deal that undercuts prior feasibility estimates by $20 million.

Austral Resources reported a standout high-grade copper-gold discovery at Snow Queen, secured a new SAG mill for Rocklands upgrades, and gained full ownership of Anthill copper production following agreement termination.

Ramelius Resources delivered solid June quarter results, hitting 53,466 ounces at an AISC of A$1,973/oz and generating A$138.3 million in underlying free cash flow. The company met full-year guidance for the sixth consecutive year, advanced key projects, and progressed a major asset sale.