Mining magnate consortium wins Tahmoor sale

Perenti’s record $3.5b year Perenti has reported $333m in underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) and a 4% revenue increase for FY25.  Underlying EBITDA rose 6%, lifting margins to 9.6%, while underlying net-profit after tax (NPAT) increased 8% to $178m and statutory NPAT rose 29% to $137.8m with a normalised free cash flow of $195m.  Perenti chief executive and managing director Mark Norwell says the company is pleased to report another year of positive performance, achieving record revenue and EBITDA.  “Perenti’s strengthened EBITDA margin demonstrates our commitment to financial discipline across the...

Historic BHP data gives Adavale a golden boost Adavale Resources (ASX: ADD) has uncovered major gold resource growth potential at its London-Victoria pit in NSW using historic BHP (ASX: BHP) grade control data. The data highlighted thousands of drill holes from within the site’s mined pit, dating from the late 1980s to early 1990s, with peak grades of up to 37.4g/t of gold confirmed in historical grade control drilling. Integrated with new structural mapping undertaken by independent structural geologist Ian E. Nelson, the mineral system has been assessed...

Advanced Navigation’s autonomous mining breakthrough Advanced Navigation’s Boreas D90 Inertial Navigation System (INS) and Laser Velocity Sensor (LVS) were successfully demonstrated at Europe’s deepest underground mine. As part of BHP’s (ASX: BHP) deep mining challenge, the system was sent to the Pyhäsalmi zinc and copper mine in Finland and operated between 400m and 1,400m depth across 22km of tunnel. The system maintained a position error of less than .1% of distance travelled and, in some instances, exceeded global navigation system (GNSS)-level accuracy. The Hybrid Navigation System demonstrated long-range, infrastructure-free,...