Latest Rehabilitation News

IRIS Metals posted a $22.3 million loss for FY26, driven by major impairments on exploration assets and elevated share-based payments. The company pivots away from Edison and Tin Mountain projects, focusing on lithium-rubidium in South Dakota and tungsten in Montana.

New Talisman Gold Mines commissioned its processing plant and secured commercial offtakes while reporting a $2.26 million net loss in FY26. The company is refocusing on geological modelling and targeted drilling to boost resource confidence and production.

Control Bionics has locked in $9.5 million through a discounted share placement, complemented by a $0.5 million Share Purchase Plan, to back its commercial growth and technology development.

Australian Rare Earths (ASX: AR3) has announced a maiden Ore Reserve of 26 million tonnes at 920 ppm TREO for its Koppamurra Rare Earths Project, underpinned by a robust Pre-Feasibility Study delivering an A$858 million post-tax NPV and a rapid payback of less than one year.

Li-FT Power Ltd. has obtained a binding call option to acquire the Renard diamond mine site or its owning companies, aiming to repurpose its processing infrastructure for lithium production. The deal hinges on Canadian court approval and involves a significant option fee and care commitments.

Comet Ridge has locked in $40 million through a two-tranche placement and plans a $5 million share purchase plan to fund full ownership and development of its Mahalo Gas Project.

Aurelia Metals has completed financial close on a A$150 million senior secured financing package, enhancing liquidity and releasing A$46 million of restricted cash.

Atomic Eagle Limited has obtained crucial environmental and social approvals for its Muntanga Uranium Project in Zambia, significantly reducing permitting risk and positioning the project as development-ready while maintaining focus on resource expansion.

Titanium Sands Limited has completed a hydrology study for its Mannar Island heavy mineral sands project, confirming no significant groundwater impact under proposed dredging methods.

Pan African Resources PLC has delivered a 5.6% increase in gold production to 196,527 ounces for FY25, alongside a 60.5% jump in adjusted EBITDA to US$226.6 million. The group’s strategic acquisition of Tennant Mines in Australia and the early commissioning of the Mogale Tailings Retreatment operation mark significant milestones in its growth trajectory, underpinned by a robust sustainability and governance framework.

Native Mineral Resources is on track to deliver its highest monthly gold output since recommissioning, targeting over 800 ounces in June 2026 at the Blackjack Gold Project.

Lunnon Metals reported its best month yet at Lady Herial with 2,865 ounces of gold produced in May 2026, generating $10.8 million in revenue and enabling early repayment of a $6 million working capital loan. Mining remains on schedule to complete by September, with strong cash reserves set to fund further exploration.