Latest Resources Sector News

Parkway Corporate has cleared major regulatory hurdles for its Queensland Brine Management Complex, the first Australian facility authorised to convert coal seam gas waste brine into industrial chemicals, setting a new benchmark in sustainable waste management.

Ironbark Balanced Income Limited reported a 5.6% decline in net profit to $2.89 million for FY2026, while its investment portfolio delivered a solid 7.8% return, outperforming its benchmark and maintaining fully franked dividends.

Boom Logistics reported a 38% rise in operating net profit after tax to $12.8 million on 2% revenue growth to $271 million, underpinned by contract wins and disciplined capital management.

Lowell Resources Fund plans to raise about A$10 million through a wholesale placement of nearly 5 million new units at A$2.01 each, matching its recent distribution reinvestment plan price. A Securities Purchase Plan at the same price will follow, aiming to extend the capital raise to retail unitholders.

BHP Group Limited posted robust FY2026 results with a 15% revenue increase, record copper production contributing over half of underlying EBITDA, and a total fully franked dividend of 172 US cents per share. The company advances growth projects, including the Jansen potash mine, while managing legacy Samarco liabilities and pursuing climate targets.

IPD Group reported record FY26 results, driven by robust data centre expansion and the Platinum Cables acquisition, delivering earnings above guidance and declaring a higher dividend.

Monadelphous has won new construction and maintenance contracts exceeding $110 million, extending its footprint in Papua New Guinea and Western Australia with projects set to run through 2028.

Australian Strategic Materials (ASM) held concurrent shareholder and optionholder meetings on 12 August 2026, approving the proposed acquisition by Energy Fuels Inc. The ASM Board unanimously recommends the schemes, supported by a positive Independent Expert opinion, with implementation expected by late August.

Tivan Limited has engaged ICA Natural Resources to lead the debt financing phase for its Speewah Fluorite Project, advancing the path to a Final Investment Decision amid secured equity backing and ongoing feasibility work.

Monadelphous has secured a $200 million contract from BHP to deliver key infrastructure works at the Nelson Point Port Facility in Port Hedland, signalling a significant boost for its engineering construction division.

St George Mining bolsters its Araxá niobium and rare earths project with a $60 million capital raise, appoints Worley as technical adviser, and reports strong metallurgical test results underpinning its dual commodity strategy.

Iondrive Limited has independently confirmed strong rare earth recoveries from U.S. magnet waste and gained Oklahoma government support for its first commercial processing module, advancing its U.S. commercialisation strategy.