Latest Wonarah Phosphate Project News

Avenira has advanced the Wonarah phosphate project towards planned pre-strip work in late 2026 and a first direct shipping ore shipment in the first half of 2027, while securing access to up to A$85 million in post-quarter-end Hebang debt facilities. The timetable remains conditional on approvals, product qualification, pricing, logistics and funding execution.

Avenira’s approximately $48.9 million rights issue has received more than $44 million in applications and funds ahead of its 30 October close. The raise, combined with $85 million in debt facilities, is intended to fund the Wonarah Project’s direct shipping ore phase.

Avenira has pushed its first Wonarah phosphate shipment target into the first half of 2027, while its auditor warned that funding remains critical to the company’s survival. The annual report records project progress, but also a $3.34 million loss, $759,415 in year-end cash and a proposed $49 million rights issue.

Avenira has agreed to supply Hebang with 500,000 wet metric tonnes of Wonarah phosphate rock annually for four years, covering more than 80% of expected DSO production. The commercial opportunity is substantial, but pricing, approvals and project arrangements remain unresolved.

Avenira Limited (ASX: AEV) has pushed back the closing date of its $48.87 million renounceable rights issue by a week, responding to shareholder demand and expanding eligibility to overseas investors.

Avenira Limited has launched trading of rights for its renounceable rights issue, offering shareholders flexibility ahead of key development milestones at the Wonarah Phosphate Project.

Avenira Ltd (ASX:AEV) is raising nearly $49 million through a heavily discounted three-for-two renounceable rights issue to finance the transition of its Wonarah Phosphate Project from development to production.

Avenira Limited has approved a $2.6 million budget to kickstart a comprehensive drilling and sampling campaign at its Jundee South Gold Project in Western Australia, aiming to unlock new gold targets within the prolific Yandal-Wiluna province.

Avenira Limited has made significant strides in developing its Wonarah Phosphate Project, bolstered by strategic operational appointments and advancing infrastructure plans. Meanwhile, exploration at the Jundee South Gold Project is set to commence in 2026 amid ongoing regulatory challenges.

Avenira Limited reports significant progress at its Wonarah Phosphate Project, alongside key board and management changes, while maintaining a solid cash position at the end of Q3 2025.

Avenira Limited has appointed John He as Executive Chairman and CEO, marking a significant leadership reshuffle aimed at advancing the Wonarah Phosphate Project and strengthening strategic partnerships.

Avenira Limited has advanced its Wonarah Phosphate Project with Northern Territory Government approval of its Mine Management Plan and secured $7.57 million through a placement to Hebang, while deferring operational start to optimize costs.