Latest Water Infrastructure News

Invictus Energy has cemented its position in Zimbabwe's Cabora Bassa Basin with a landmark Petroleum Production Sharing Agreement and is progressing well towards drilling the high-impact Musuma-1 exploration well, backed by a fresh A$10 million capital raise.

Saunders International has landed a $23 million head contract from the Australian Department of Defence to upgrade fuel infrastructure at RMAF Base Butterworth in Malaysia, reinforcing its Defence sector credentials and expected to boost earnings across FY2027 and FY2028.

Minerals 260 has completed a Pre-Feasibility Study and declared a maiden Ore Reserve for its Bullabulling Gold Project, revealing robust economics and a pathway to production by late 2028.

Culpeo Minerals (ASX:CPO) has launched a pro-rata entitlement issue of approximately 198 million unlisted options, aiming to raise nearly A$500,000 to fund accelerated copper exploration in Chile. The options offer a low exercise price and long expiry, providing shareholders with leveraged exposure to the company’s drilling programs at El Quillay and Vista Montana.

Invictus Energy has secured critical contracts and initiated rig mobilisation as it prepares to drill the high-impact Musuma-1 exploration well in Zimbabwe's Cabora Bassa Basin in H2 2026.

West Wits Mining has locked in a R875 million (~USD 53 million) senior loan facility, receiving an initial R339 million drawdown that fully funds its Qala Shallows project through to steady-state gold production of 70,000 ounces per annum.

Tesoro Gold has accelerated its Definitive Feasibility Study and development readiness for the 1.82Moz Ternera deposit, forming strategic alliances and advancing financing plans.

Alliance Nickel has begun vat leach testing on a bulk sample from its NiWest project, targeting a significant reduction in capital costs by replacing heap leaching with a lower-cost atmospheric process. Results are expected by late Q3 2026 and could reshape the project’s economics.

Native Mineral Resources Holdings Limited produced nearly 398 ounces of gold doré in its latest Blackjack smelt, with mining and processing activities progressing on schedule and larger campaigns expected next month.

Minerals 260 has kicked off early construction at its 4.5Moz Bullabulling Gold Project, aiming for plant construction in early 2027 and first gold output by late 2028. Key initiatives include a $59.1 million village contract, water infrastructure development, and extensive grade control drilling.

Native Mineral Resources (ASX:NMR) reported its strongest operational performance since restarting Blackjack, with a June gold smelt producing 488.5 oz doré and May metallurgical metrics showing record gold recovery over 95%. Multiple mining fronts and ongoing exploration position NMR for growth in FY2027.

Maritana Minerals has increased the processing capacity of its Black Swan Processing Hub to 2.5 million tonnes per annum, with construction set to begin mid-2026 and first production expected in the second half of 2027.