Latest Trucks News

Noble Helium has completed the groundwork for its Kinambo drilling campaign in Tanzania, but the program remains paused after wireline contractor SLB was delayed on another project. The company ended September with A$3.905 million in cash, equivalent to an estimated 1.61 quarters of funding at current outgoings, while expanding into Western Australia through the completed Earth Source Hydrogen acquisition.

Caravel Minerals is moving its 100%-owned Caravel Copper Project towards a Definitive Feasibility Study due in the fourth quarter, but the annual report also flags a material uncertainty over its ability to continue as a going concern. The company remains pre-revenue, with approvals, project finance and key commercial arrangements still incomplete.

Minbos Resources has extracted its first phosphate rock from the Cacata deposit in Angola, stockpiling material ahead of November rains and planned Subantando plant commissioning in Q2 2027. The milestone marks operational progress, although assay results, commercial approvals and tenement formalisation remain outstanding.

Freehill Mining Limited (ASX: FHS) halved its operating cash outflow to A$189,000 in the September quarter as record monthly sales in September helped offset weather disruption. The company is also moving towards November permitting for its Blanco y Negro copper-gold project, while seeking up to A$607,000 through an entitlement offer.

Janus Electric ended September with A$3.0 million in cash after a A$5.9 million operating outflow, but has since added A$11 million in CBA facilities and expanded its North American order book to 124 trucks. The next test is whether those funding arrangements convert a sizeable gross order book into customer receipts during Q2 FY2027.

Buru Energy has booked 15.25 million boe of 2P reserves for its Rafael gas and condensate project, while advancing environmental and production approvals. The company has $2.5 million in cash, no debt and only 1.24 quarters of estimated funding at its reported expenditure rate, making the next financing a critical step.

Metal Bank has shifted its first-production focus to the larger Homestead deposit in Western Australia, targeting production in 2027 as mining approvals and technical studies advance. The company also raised a further $752,400 after quarter end, but the path from resource to mine still depends on drilling, metallurgy, approvals and funding.

Electrovaya will invest approximately A$2.0 million in Janus Electric through a proposed placement, while Janus has placed initial battery orders worth about A$37.5 million for its North American truck programme. The investment remains subject to completion conditions, and the battery orders depend on agreed delivery schedules.

Rumble Resources has outlined a preliminary A$86 million pre-tax NPV for Western Queen, with a 45% IRR and almost four years of planned underground production. The study also leaves room for tungsten upside, but financing, approvals and a feasibility study remain unresolved.

Ore Resources has converted its Miriam drilling campaign into a 153,200-ounce JORC Mineral Resource, with most ounces shallow and Forrest still open along strike and at depth. A separate conceptual Exploration Target points to a further 200,000 to 400,000 ounces, but remains unconverted exploration potential.

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.

Alurion Resources has moved its Amargosa bauxite project into a field development program after completing its A$50 million IPO and ASX listing. Drilling, bulk sampling and logistics work are now feeding a direct-shipping-bauxite pre-feasibility study targeted for mid-2027.