Latest Project Delays News

Ark Mines secured a $4.5 million strategic investment from QIC to fast-track its Sandy Mitchell Rare Earth Project, achieving key drilling and environmental milestones that pave the way for production by late 2027.

Ashley Services reported a challenging FY25 with a 7.3% revenue decline but kicked off FY26 with record quarterly revenues and improved profitability, signaling a strategic turnaround.

Perseus Mining reported steady gold production and cashflow growth in Q1 FY26, while progressing key projects including the CMA Underground and Nyanzaga development. The company also completed a CEO transition and renewed its share buyback program.

Tourism Holdings Limited (thl) reported a challenging FY25 with a significant profit decline but is confident in a growth rebound supported by international tourism recovery and strategic initiatives.

Adavale Resources has achieved a crucial milestone by securing 100% Native Title consent for its Marree uranium project in South Australia, paving the way for advanced exploration activities.

VHM Limited has secured a significant offtake framework with Mitsui and a US$200 million financing interest from the US Export-Import Bank for its Goschen Rare Earths and Mineral Sands Project, alongside key environmental approvals. These milestones set the stage for a Final Investment Decision in the first half of 2026.

NH3 Clean Energy updates investors on the WAH2 clean ammonia project, highlighting strong market potential, strategic partnerships, and robust project economics as it moves toward a Final Investment Decision.

Delorean Corporation has clarified the timing and rationale behind its delayed disclosure of a $3.3 million profit reduction linked to grid connection delays on its Yarra Valley Water project.

icetana Limited reveals delays and payment uncertainties in its Baghdad Safe City project, raising questions about revenue timing and project execution.

Synertec Corporation Limited reported an 8% revenue decline to $18.2 million in FY2025 alongside a $7.64 million net loss, yet its Engineering segment showed a strong EBITDA rebound and its Powerhouse renewable technology revenue nearly doubled.

WestStar Industrial reports a 36% revenue decline and a $3.4 million net loss in FY25, driven by reduced activity at SIMPEC. New contract wins post-year-end signal a potential turnaround for FY26.

Coventry Group Ltd reported a 1.7% revenue decline and a 40.9% drop in EBITDA for FY25, prompting a major restructuring and a bullish FY26 earnings target above $20 million.