Latest Technical Services News

Babylon Pump & Power capped FY25 with its strongest rental segment performance and is poised to expand significantly following imminent acquisitions of Matrix Hydro Services and Blue Hire.

Zuleika Gold Limited has scheduled a pivotal trial in October 2025 to resolve damages claims against Catalyst Metals Limited, while advancing exploration plans at its key Western Australian projects.

Carnaby Resources reports promising assay results from its Trekelano drilling program and maintains a robust cash balance as it advances the Greater Duchess Copper Gold Project towards a Q3 2025 Pre-Feasibility Study completion.

Odyssey Gold Limited has advanced its Tuckanarra Gold Project with a new mill access agreement, ongoing drilling, and a $4 million capital raise, positioning the company for a potential resource upgrade.

St Barbara Limited updates on its Nova Scotia operations with progress on the 15-Mile Processing Hub prefeasibility study, reclamation milestones at Touquoy, and a pioneering pumped hydro energy storage project, while weighing strategic options for its Atlantic Gold assets.

EVZ Limited has issued earnings guidance for FY2025, forecasting revenue between $108 million and $110 million with EBITDA expected around $5.2 million to $5.4 million. The final audited results will be released in late August.

Cleanaway Waste Management has secured regulatory approval to acquire Contract Resources, positioning itself as a leader in specialised industrial waste services. The deal, set to complete by the end of July, aims to accelerate growth in the decommissioning and remediation market.

Vertex Minerals confirms fully developed, accessible stope blocks at its Reward Mine, featuring a high-grade inferred resource that promises to accelerate underground production start-up.

Babylon Pump & Power Limited (ASX – BPP) announces transformational acquisitions of Blue Hire and Matrix Hydro Services, significantly expanding its equipment rental and water management capabilities. The company is funding this growth through a $3.5 million entitlement offer and a $21.2 million debt facility, targeting a doubling of EBITDA by FY26.

Macro Metals Limited has secured $2 million from a strategic placement to Paramount Earthmoving, advanced exploration across multiple Pilbara projects, and entered a second majority Indigenous-owned joint venture, positioning itself for growth in mining services.

Zuleika Gold Limited has progressed its exploration strategy with a comprehensive targeting review ahead of planned 2025 drilling, while also securing favorable court rulings in ongoing litigation related to the K2 Project.

Odyssey Gold Limited has made significant strides in its Tuckanarra Gold Project during the March 2025 quarter, completing a regional airborne electromagnetic survey and signing a joint venture Memorandum of Understanding for ore processing. The company also initiated a technical study and appointed Matthew Syme as Executive Director.