Latest Processing Infrastructure News

Austral Resources’ proposed acquisition of Hammer Metals has cleared its first Federal Court hurdle, with ASIC registration of the Scheme Booklet and a shareholder vote now set for 9 November. The transaction still needs shareholder approval, a second Court hearing and other conditions before implementation.

Accelerate Resources has completed three large-diameter diamond holes at its Area 42 manganese project, with visual mineralisation recorded in each hole. The standout hole covered a 72m downhole span and ended in mineralised chert breccia, but assays and metallurgical results are still pending.

Adavale Resources is presenting its 610-square-kilometre Parkes Gold Project as a belt-scale opportunity with 383,300 ounces of reported gold resources and existing processing infrastructure. The next test is whether metallurgical work, a scoping study and funding can turn that inventory into a credible development plan.

Cassius Mining reported a deeper FY2026 loss, negative net assets and a material uncertainty over its ability to continue as a going concern. The company is relying on further funding, a possible Ghana arbitration award and progress at its Soalara limestone project to support its next phase.

Forrestania Resources has lifted the higher-confidence portion of its Lady Ada and Lady Magdalene gold resource by 43%, even as total contained ounces fall 4% to 285,700 ounces. The update strengthens the development case, but most of the resource remains Inferred and the tenements are subject to ongoing legal proceedings.

Liontown has approved a $389 million expansion of Kathleen Valley, targeting average spodumene concentrate production of about 780,000 dry metric tonnes a year from FY30. The project is expected to lower unit costs, but its economics rely on lithium price assumptions, execution and a production inventory containing 21.5% inferred resources.

Nex Metals returned to profit in FY2026 after selling its remaining Arika joint venture interest, but the gain did not resolve its underlying funding pressure. The company ended the year with $422,452 in cash, net liabilities of $471,232 and a material uncertainty over its ability to continue as a going concern.

Lycopodium has won an approximately A$42.9 million engineering and procurement contract for Endeavour Mining’s Assafo-Dibibango gold project in Côte d’Ivoire. Work has begun, but continued execution and full implementation remain conditional on Endeavour approving its final investment decision, expected before the end of 2026.

Ardea Resources enters FY2027 with its flagship Goongarrie Hub still short of a completed definitive feasibility study, even as Japanese partners and governments deepen their support. The company reported a A$24.6 million consolidated loss, while future funding arrangements beyond the current DFS program remain unresolved.

Mt Malcolm Mines has moved closer to an integrated gold development model, combining a maiden 13,200-ounce resource with ownership of major 500,000-tonne-per-year processing plant components. The shift came with a $1.639 million loss, $1.445 million of operating cash outflows and a warning that further working capital is likely to be required within 12 months.

Lefroy Exploration has moved from explorer to gold producer after Lucky Strike delivered its first gold, while Mt Martin and Burns advanced towards potential development. The milestone comes alongside a $2.136 million loss and an auditor warning that uncertain profit distributions may require further funding.

Australian Mines has appointed a specialist consultant team to complete the pre-feasibility study for its Flemington Scandium Project, targeting delivery in the first quarter of 2027. The study will retain a 60-tonne-per-year scandium oxide reference case while testing production scenarios of up to 180 tonnes per year.