Latest Transport News

Pilbara Gold’s latest drilling has extended broad gold mineralisation as much as 200 metres below parts of its 2.1Moz Mt York resource, strengthening the case for an updated estimate ahead of a prefeasibility study. Roe Hills has also produced wide, high-grade hits, but both growth stories still depend on further drilling, assays and resource modelling.

Tambourah Metals has confirmed a high-grade primary gold interval at Baxter South while progressing drilling toward a maiden resource at Tambourah King. The ASX-listed explorer ended September with A$4.037 million in cash and estimated funding for 4.53 quarters at the quarter’s reported spending rate.

Conrad Asia Energy has moved the US$320 million Mako gas project into full-scale fabrication after completing its 75% farm-down to Nations and securing a domestic gas sales route into Batam. The project remains fully funded, with first gas targeted for the fourth quarter of 2027, although Conrad’s cash position remains modest and further carry-loan drawdowns are expected.

South Port has entered FY27 with record full-year earnings behind it and first-quarter cargo volumes still rising, while a new chair takes over during a fresh investment cycle. The port is also preparing to add staff and potentially replace major equipment as regional development opportunities build.

Transurban has clarified that the I-24 Southeast Choice Lanes award involves US$21 billion in present-value payments to Tennessee, rather than the previously published US$24.8 billion headline figure. The concession also includes revenue-sharing provisions that could increase the state’s take if toll revenues or returns exceed agreed thresholds.

Andromeda Metals has produced 99.9986% purity High Purity Alumina at continuous pilot scale and raised A$3.04 million to advance its next study. But the Great White Project still needs about A$40 million in equity before a final investment decision.

Global Lithium’s annual report captures a pivotal shift from lithium developer to takeover target, after the Manna-Nova integration study lifted estimated post-tax NPV8 to about A$946 million and cut funded pre-production capital by 59%. The proposed A$333 million Titan transaction offers shareholders cash value while leaving Manna’s development timetable subject to approvals, funding and execution.

Kelsian Group has entered FY27 after a record financial year, the $149.9 million sale of its Tourism Portfolio and a sharp reduction in leverage. But the transport operator is also awaiting an independent review into a fatal June bus incident as it pursues fresh international growth.

Boab Metals has strengthened the case for its Sorby Hills silver-lead project, extending the mine life to 10.5 years while reporting construction progress and higher Norton recoveries. The project remains targeted for first concentrate in Q3 2027, but the quarter also consumed A$30.9 million in cash and left the A$236 million debt facility undrawn.

Universal Store has opened FY27 with 9.3% growth in direct-to-customer sales, led by a sharp lift from Perfect Stranger. The retailer is maintaining its plan for 16 to 20 new stores despite continued weakness in CTC’s wholesale channel.

Janus Electric has secured a repeat A$3.1 million order from California operator King Fio Trucking, lifting its North American order book to 124 trucks. The expansion reuses existing charging and battery-swapping infrastructure, but remains conditional on California incentive approval.

S2 Resources reported a $12.7 million profit after selling its Greater Fosterville licence to Agnico Eagle, which also invested $3 million in the explorer. With $18.6 million in cash, S2 is now moving toward drilling across gold and copper targets, though access, approvals and rig availability remain the immediate constraints.