Latest Processing News

Apollo Minerals has completed a detailed airborne survey and identified the Véronique-Upper Zone as the first target for planned underground drilling at its Couflens tungsten-gold project in France. The company ended September with $6.4 million in cash and $0.4 million in listed investments, while its reinstated exploration permit remains subject to a five-year work plan.

Forrestania Resources has signed a 24-month ore purchase agreement with Star Minerals covering up to 400,000 tonnes of gold-bearing ore for processing at Edna May. Haulage is scheduled to begin on 23 October, giving the company an immediate third-party feed opportunity as it advances towards production.

Vault Minerals generated $95.7 million in underlying free cash flow during the September quarter, while completing its King of the Hills Stage 2 upgrade ahead of schedule and maintaining FY27 production guidance. Operational performance was mixed, with weather, lower grades and underground constraints weighing on output at several sites.

Harmoney has reaffirmed its A$16 million-plus FY27 Cash NPAT target after growing its loan book 9% to A$912 million. The new Australian intermediary channel generated A$7 million in loans within two months, while credit quality and margins remained stable.

Catalyst Metals delivered record Plutonic Gold Belt production and a sharp lift in earnings during FY2026, while its Ore Reserve base climbed to 1.971 million ounces. The company now has four operating mines, a large cash buffer and a pipeline aimed at doubling annual production, but safety performance and execution remain important tests.

Nick Scali expects first-half FY27 underlying net profit of $28 million to $32 million after a sharp slowdown in Australia and New Zealand. The UK business is growing strongly, but ANZ revenue is forecast to fall 11% to 14% and the company has booked almost $1 million in cyber incident costs.

Latrobe Magnesium has disclosed an ASX Listing Rule 7.1 breach linked to its A$8.5 million capital raising, affecting 37.7 million broker-underwriter options that have not yet been issued. The company says no securities issued to date are affected and has begun remediation as its entitlement offer approaches its closing date.

Wiluna Mining is asking investors to fund an $180 million relisting and mine-restart plan after a processing-tank rupture halted its revenue-generating operations. The company delivered a $59.5 million FY26 profit, but its prospectus warns that near-term gold sales are not expected and the restart remains unproven.

Nordic Resources has expanded its Kopsa gold-copper-silver resource to 1.52 million ounces of gold equivalent, with testwork confirming strong recoveries across different ore types and grades. The company is now drilling further while holding A$7.744 million in cash, but the project remains at the resource and exploration stage.

EQT Holdings delivered strong growth from its continuing businesses in FY26, but a superannuation exit, litigation and takeover uncertainty left group profit and dividends lower. The company says discussions with BGH Capital and TPG Global remain open, while targeting completion of the superannuation exit by the end of 2027.

Altech Batteries expects to receive A$5.8 million net from a Malaysian land sale, but the liquidity boost arrives alongside the collapse of its CERENERGY project and insolvency at its German subsidiary. A €2 million bond repayment has also been pushed out at a higher interest rate.

Sierra Nevada Gold has started a 25,000-metre second-phase drilling campaign at its As Safra copper-gold project in Saudi Arabia, with the first assay results due in November. The company is directing capital and management attention to Saudi Arabia while exploring commercial options for its Nevada portfolio.