Latest Power News

Develop Global has issued its first full-year production, operating cost and capital guidance, pairing steady Woodlawn output with the planned start of Pioneer Dome lithium sales. The growth comes with a substantial A$411 million to A$458 million investment program, while Yitirrti remains a construction story until FY28.

Pantoro has increased Norseman’s Mineral Resources by 2% and Ore Reserves by 9% after mining depletion, with the Mainfield delivering the clearest growth. The company also reported a $113.2 million FY2026 profit, but the next test is converting a larger geological inventory into sustained production.

The Takeovers Panel has declared unacceptable circumstances at DGR Global after finding that Nicholas Mather, Paul Simpson and associated entities coordinated acquisitions that lifted their combined voting power to 45.43%. Final orders, which could determine the treatment of the transactions and voting rights, have not yet been made.

Global X Copper Miners ETF delivered a sharp rise in annual profit as copper-mining equities lifted fair values and investor applications accelerated. The result was dominated by market gains rather than recurring income, leaving the fund highly exposed to further moves in copper shares and currencies.

Global X ROBO Global Robotics and Automation ETF delivered a sharply higher annual profit, powered by fair-value gains across its robotics portfolio. But the fund disclosed that its net asset value has since fallen by more than 10%, leaving investors with a strong reported year and a materially weaker latest position.

Global X Ultra Long Nasdaq 100 Complex ETF delivered a sharply higher annual profit, driven largely by realised gains, but its net asset value has since fallen more than 10%. The result highlights both the attraction and the volatility of geared exposure to the Nasdaq 100.

Spacetalk Limited (ASX:SPA) has posted a sharply deeper FY26 loss and negative net assets, while its auditor flagged a material uncertainty over the company’s ability to continue as a going concern. The company says a $10 million post-year-end placement, note conversions and new telco agreements give its software-led strategy room to execute.

Global X Artificial Intelligence ETF reported a sixfold increase in annual profit, driven overwhelmingly by gains in the value of its listed technology portfolio. Net assets more than tripled as investor applications and market gains lifted the fund to AUD 273.1 million.

Zimplats delivered a sharp FY2026 earnings rebound, with revenue up 57% and profit after tax rising to US$276.7 million. The result was driven mainly by stronger PGM prices, while lower sales volumes, higher unit costs, no dividend and rising sulphur dioxide emissions temper the celebration.

Intelligent Investor Australian Equity Income Fund (ASX:INIF) more than quadrupled its annual profit to $8.701 million, lifting distributions to 32.62 cents per unit. But $14.443 million of redemptions exceeded new applications, while the proposed sale of the Intelligent Investor business to Teaminvest Private Group remains conditional.

Dateline Resources has gained a powerful ally in its bid to restart the Colosseum project, with the US Government asking a federal court to suspend the injunction blocking operations. A Department of War declaration argues the California rare earth project serves US economic and national security interests, but the stay remains undecided.

Karoon Energy has confirmed an electrical fault in the newly installed power cable serving Baúna’s SPS-92 well, deferring about 3,500 barrels of oil a day. The repair requires a rig-based intervention, prompting cuts to production guidance and higher unit cost forecasts for 2026.