Latest Tax News

Element 25 has moved its Butcherbird manganese expansion into physical execution, targeting mechanical completion in the first quarter of 2027 while pursuing a much larger battery-materials strategy. The company is also positioning a planned Louisiana HPMSM facility as a US$166 million-supported foothold in non-China supply chains, although financing and permitting remain outstanding.

American Rare Earths has moved Halleck Creek closer to development, expanding the proposed Cowboy State Mine, completing 18 feasibility-stage drill holes and beginning pilot plant processing. But with A$11.0 million in cash and an estimated 1.44 quarters of funding at current outgoings, the next phase will likely require fresh capital or another funding source.

Carnavale Resources has completed a bankable feasibility study for its 80%-owned Kookynie Gold Project, outlining an 18-month open-pit operation targeting 35.6koz of gold and A$104 million in pre-tax free cash flow. The economics are strong on paper, but funding, approvals, processing arrangements and a final investment decision remain ahead.

Port of Tauranga delivered a 23% lift in underlying FY2026 profit and raised its annual dividend, despite lower cargo volumes. The result comes as its capacity-expanding Stella Passage project faces three appeals and two judicial review applications.

AJ Lucas Group has started FY2027 with a sharp recovery from the previous quarter’s drilling disruption, although revenue and Australian EBITDA remain below last year’s levels. Negative operating cash flow, high borrowing costs and limited liquidity leave financing as the more consequential issue for investors.

Resources & Energy Group has signed the definitive Maranoa mining agreement under which Rembrandt Mining will fund all development, processing and rehabilitation capital. The quarter also delivered high-grade drilling results across East Menzies, although REZ produced no gold and cash fell to A$734,000.

IperionX has validated titanium powder capacity above 200 tonnes per annum and lifted quarterly production to 8.7 tonnes, while a new U.S. Army task order funds further manufacturing scale-up. The company ended September with US$63.0 million in cash and US$33.7 million of obligated government funding still available for reimbursement.

Marquee Resources advanced gold, lithium and antimony exploration during the September quarter, but ended with A$941,468 in cash and an estimated 1.85 quarters of funding. Yindi drilling stopped early in difficult ground, while West Spargoville produced encouraging surface results that now require follow-up work.

Ark Mines’ updated Sandy Mitchell study outlines a 26-year rare earths and heavy minerals operation with a post-tax NPV of A$883 million. The economics are substantial, but depend on refined garnet pricing, uncommitted funding, further approvals and metallurgical work.

Anson Resources has secured the final major approval for its planned 10,000 tpa Green River lithium plant, while reporting independently confirmed battery-grade product and approximately US$406.5 million of conditional Utah incentives. The project has moved closer to financing, but the incentives are post-performance and Anson says further funding is still required.

AnteoTech reported a quarter of technical milestones and commercial discussions across its battery and life sciences businesses, including new agreements with Xerabrid and Airspeeder. The company ended September with about A$11 million in cash, although an inconsistency in the Appendix 4C reconciliation needs clarification.

FireFly Metals has outlined a 4.6Mtpa Green Bay development case with an after-tax NPV of A$3.0 billion, while lifting resource confidence and ending the quarter with A$337.1 million in cash. The next test is whether the preliminary study can survive feasibility work, permitting and project financing.