Latest Power News

Boom Logistics has secured an expected $18 million, 35-week contract to provide crane services for Neoen’s 179 MW Narrogin Wind Farm in Western Australia. The award gives its FY27 wind division an early revenue platform, although the announcement does not disclose margins or earnings contribution.

Prodigy Gold has launched a fully underwritten $7.92 million entitlement offer to fund exploration and project approvals, but the capital raising could also lift three existing substantial holders above their current voting stakes. The non-renounceable offer is priced at $0.047 a share, below the stock’s recent three-month low of $0.049.

Servcorp Limited (ASX:SRV) has posted a third consecutive record year, with underlying profit, free cash flow and dividends all rising sharply. The debt-free workspace operator is guiding to another year of strong cash generation while investing in Saudi Arabia, technology and AI-enabled services.

Ausgold advanced construction, permitting and drilling at its Katanning Gold Project during the September quarter, while its proposed A$776 million takeover by OceanaGold began to reshape the development timetable. The planned end-2026 resource update and final investment decision have both been deferred as shareholders prepare to vote on the scheme.

West African Resources produced a record 127,950 ounces of gold in the September quarter, keeping its 2026 guidance within reach. Strong output at Kiaka offset weaker Sanbrado production, although explosives permitting remains an unresolved operational constraint.

West Wits Mining has received a second R236 million senior debt drawdown, taking total funding received for Qala Shallows to R575 million and supporting its claim that the project is funded through steady-state production. Underground development is accelerating, with stoping scheduled to begin in February 2027 and annual recovered gold targeted at 70,000 ounces by early 2029.

CZR Resources has proposed spending up to $15 million of existing cash on a share buy-back if its Zuleika Gold takeover succeeds and shareholders approve the plan. The transaction could leave Mark Creasy and associated entities with more than 56% of the combined group if they do not participate.

Anson Resources has raised Green River’s modelled post-tax NPV8 to approximately US$1.046 billion after incorporating two conditional Utah incentives. The uplift leaves the project’s US$569 million capital estimate and lithium-price assumption unchanged, but the benefits remain tied to construction, performance and financing milestones.

Kingsgate Consolidated has converted a full year of Chatree mining into record financial results, with revenue up 77% and net profit reaching A$277.9 million. The balance sheet is stronger, dividends have returned and Nueva Esperanza is moving towards a feasibility decision, but higher waste movement and project execution now replace the turnaround story.

Stakk has won a minimum two-year agreement to provide AI-powered cheque-processing and fraud-mitigation technology to Step, the US fintech platform owned by MrBeast’s Beast Industries. The contract went live on signing, but its value remains undisclosed because revenue will depend on processing volumes.

PhosCo has paired a non-binding development partnership with a proposed $1.4 million investment from Tunisia’s STUDI International, giving the Gasaat project a local engineering partner as feasibility work approaches. The funding and collaboration remain subject to formal documentation, leaving execution as the next test.

hipages Group delivered stronger FY26 cash generation, expanded into insurance and set higher targets for revenue, margins and free cash flow in FY27. The headline profit surge was substantially helped by an $8.9 million deferred tax benefit, making cash flow and platform adoption the more useful measures of progress.