Latest Renewables News

Australasian Metals is moving toward a December decision on its proposed Côte d’Ivoire expansion, with Atex auger drilling expected to begin in November. The explorer ended September with approximately $3 million in cash and no debt after a $1.05 million placement.

Orbital Corporation has secured its first Power by the Hour agreement, converting its propulsion relationship with American Aerospace Technologies into a recurring service contract worth US$2.6 million through December 2027. The deal covers an AiRanger fleet growing to 10 unmanned aircraft, although further expansion remains conditional on new contracts.

Adslot reported stronger Viber advertising activity and lower operating costs in the September quarter, while restructuring payments continued to weigh on cash. The company ended the period with $1.28 million and a prescribed funding runway of 1.7 quarters.

Beach Energy has agreed to spend A$25 million in cash and carry A$90 million of exploration costs to expand its Taroom Trough footprint to 1,481 km2. The deal gives Beach operatorship of key permits, but remains subject to approvals and pre-emptive rights.

Objective Corporation delivered 9% revenue growth and a 5% lift in net profit for FY2026, but the loss of a long-running Defence agreement and a separate NHVR contract will pressure recurring revenue in the year ahead. Management expects adjusted EBITDA of at least $40 million in FY2027 as it keeps investing in AI, sales capacity and potential acquisitions.

Equus Energy has secured a binding conditional 10-year gas sales agreement with Alcoa covering about 50 TJ a day, while receiving US$1.5 million to fund the next stage of project partnering. The milestone strengthens the commercial case for the Equus Gas Project, but the development remains pre-FID and requires substantial capital, partners and approvals.

Monash IVF Group’s underlying NPAT fell 41% to A$16.1 million in FY26, missing its recently reduced guidance as softer Australian IVF activity outweighed international growth. A second-half market-share recovery, lower planned capital spending and a new productivity program now carry the FY27 investment case.

Celsius Resources has cleared several hurdles to sell its 95% Opuwo cobalt-copper interest to Chinalco for US$15 million, but regulatory approvals are still outstanding. In the Philippines, criminal, regulatory, court and arbitration proceedings continue to cloud the company’s position in the Makilala project.

DeSoto Resources has expanded its Timbakouna power auger program by 200 holes after airborne geophysics generated new targets across Guinea’s Siguiri Basin. The company ended September with A$7.74 million in cash, while initial drilling assays are expected in early November.

MLG Oz delivered a stronger earnings year, with statutory NPAT rising 19.2% and underlying EBITDA margin expanding to 13.4%. The mining services group has resumed dividends while taking on higher fleet investment and debt ahead of FY2027.

Connexion Mobility delivered record Q1 FY27 revenue and profit as Hallam Road Automotive contributed for a full quarter. The company also began developing Hyundai Motor America’s Dealer Lot Management platform, while renewal talks with its largest disclosed OEM relationship remain unresolved.

TradeWindow has signed a 12-month agreement to provide its Prodoc export documentation software across Lactalis’ Australian and New Zealand operations. The contract is described as being of significant value, although its financial contribution remains undisclosed.