Latest Produce News

Red Metal’s Sybella project has moved closer to a development decision after heap-leach testing delivered strong rare earth extractions with low impurity levels. The company also reported a $19.17 million FY2026 profit, although most of that result came from the accounting gain tied to its Maronan Metals restructuring.

Empire Resources has identified rare earth oxide and phosphate mineralisation across three Yuinmery prospects, with new archived-drilling results reaching 1,712.5ppm TREO+Y. The early-stage opportunity now depends on additional assays, follow-up drilling and proof that the material can be upgraded economically.

Latrobe Magnesium has detailed the capital, feedstock and valuation assumptions behind its proposed 50 ktpa magnesium plant in South Carolina. The project retains strong headline economics, but funding, feasibility work and a final investment decision remain ahead.

Pan African Resources delivered record FY26 production, earnings and cash generation, moving from net debt to a US$185.7 million net cash position. The gold producer is proposing a record dividend and launching a ZAR500 million buy-back, while warning that FY27 costs will rise as it funds further growth.

Zinc of Ireland has transformed from a small Irish zinc explorer into a metals technology developer, acquiring Meclex, raising A$5.5 million and advancing ARGO and VOLTA. The opportunity is substantial, but both technologies remain uncommercialised and the VOLTA partnership requires formal renewal.

Seeka has raised its full-year profit before tax guidance after strong third-quarter trading, with citrus growth and New Zealand kiwifruit returns adding to margin gains. The company now expects profit before tax of $41.0 million to $45.0 million.

AXP Energy says its Charlie #1 well delivered an operating-rate equivalent of approximately 55 barrels of oil equivalent per day during a controlled 10-day test. The result is encouraging, but water-handling upgrades and longer-duration data are still needed before the well can move into permanent production.

Vicinity Centres used its 2026 Capability Showcase to make the case for a more concentrated, premium retail portfolio, led by Chadstone and Chatswood Chase. The presentation also set out development returns, balance-sheet capacity and a sizeable residential option beside Chatswood Chase, although much of the value remains dependent on stabilisation, approvals and market conditions.

Alvo Minerals has identified a high-conductance off-hole conductor and multiple untested targets at its Touro copper-zinc prospect in Brazil. An environmental licence now allows Phase 2 drilling across roughly 500 metres of previously inaccessible strike.

Bass Oil has put a 1,280-barrel-per-day Bunian 6 test and planned Vanessa gas sales at the centre of its next growth phase. The company is also promoting Kiwi as a larger, longer-dated development opportunity, although much of the upside remains subject to testing, funding and execution.

ION Video has secured an oversubscribed $4.25 million placement to fund independent trials of its video technology, with directors and management committing a further $1.2 million subject to shareholder approval. The capital will be used to test whether ION’s architecture can deliver measurable technical and financial benefits in real operating environments.

Horizon Oil has used its Pareto Securities presentation to put record FY26 production, enlarged reserves and a multi-country drilling pipeline at the centre of its growth case. The stronger platform comes with a test: convert a long list of projects into sustained cash flow while preserving shareholder returns.