Latest Power News

Barramundi Limited (NZX:BRM) has reported the worst performance in its 20-year history, with a NZ$42.9 million net loss and a 17.0% fall in gross portfolio performance. The board is reviewing Fisher Funds’ management performance just weeks before its five-year agreement comes up for renewal.

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.

Prairie Lithium has moved its Saskatchewan project closer to commissioning, with Pad #1 construction advancing and Hydro Lithium agreeing to buy all Phase 1 output. The progress came alongside a A$3.46 million FY2026 loss, further equity issuance and a year-end cash balance of A$5.85 million.

Raiden Resources posted a wider FY2026 loss after impairing A$8.86 million of exploration assets, while its cash and term deposits fell to A$11.98 million. The company is now concentrating on Brazil’s Crixás gold tailings project, Bulgarian exploration and a proposed divestment of most of Mt Sholl.

Invictus Energy has entered FY2027 with A$10.89 million in cash and a funded November drilling target, but its annual report warns that further financing may be required to continue operations. The company also reported a wider A$6.54 million loss for FY2026.

Power Minerals has repositioned around two Brazilian critical minerals projects, led by Morro do Ferro’s thick, high-grade rare earth intersections and a conceptual 10.7Mt Exploration Target. The shift comes with stronger funding and no borrowings, but the audited accounts warn that further financing remains essential.

Global X China Tech ETF reported an AUD15.727 million profit for the year ended 30 June 2026, powered by gains in listed Chinese technology investments. But the fund disclosed that its net asset value has since fallen by more than 10%, leaving the audited result looking increasingly historical.

Lindian Resources has crossed a significant operational threshold, moving Kangankunde in Malawi from construction into active mining while targeting first production in Q4 2026. The transition was funded by A$191.5 million in placements, but the company still faces the harder test of commissioning, downstream integration and cash discipline.

Argo Global Listed Infrastructure Limited (ASX:ALI) delivered a 19.2% share price return and record fully franked dividends in FY2026, while assets passed $500 million after a $25 million Share Purchase Plan. Reported profit fell as portfolio valuations moved, but NTA per share and the investment portfolio both increased.

Volt Group delivered a steep lift in HY26 revenue, adjusted EBITDA, profit and operating cash flow, with the 4D Delta acquisition providing the largest contribution. The mining technology company also expanded its Westgold solar-lighting fleet and advanced Wescone’s crusher technology.

New Murchison Gold turned its Crown Prince operation into a powerful cash generator, reporting $146.95 million in net profit after tax and $201.7 million in cash for the nine months to 30 June 2026. The next test is whether Cloudkicker, Lydia and the Crown Prince underground opportunity can extend that performance.

Cobalt Blue has cleared important technical and regulatory hurdles at its Kwinana refinery, but the pre-revenue developer says further funding is needed and auditors flagged material uncertainty over its ability to continue as a going concern. The company reported an A$8.797 million loss for FY2026 despite ending the year with A$4.265 million in cash.