Author: Chloe Coutinho

Perenti recorded zero fatalities in FY26.

Stronger margins lift Perenti’s earnings

Perenti (ASX: PRN) lifted underlying profit by 8% in FY26, despite broadly flat revenue, alongside the company’s ongoing shift towards Australia and North America.

Underlying earnings surged 1067% to $1.137b, up from $97m in FY25.

Lithium recovery pushes PLS back into profit

PLS (ASX: PLS) returned to profit in FY26 as record annual production and stronger lithium prices drove a 1067% surge in underlying EBITDA.

The remaining nominated directors are former Pacific Road Capital investment director Susan Corlett, former Metals Acquisition chief executive Mick McMullen, former Orion Resource Partners managing partner Peter Rozenauers and former Barrick and Randgold Resources chief financial officer Graham Shuttleworth.

Elliott names candidates for Northern Star board changes

Elliott Investment Management is pushing Northern Star (ASX: NST) for board changes, putting forward six candidates for the board enhancement it has been calling for since June.

The contract will have an initial term of 36 months.

Macmahon wins $240m underground development contract

Medallion Metals (ASX: MM8) has selected Macmahon Underground (ASX: MAH) as its preferred underground mining contractor at the Ravensthorpe gold project in WA.

Monadelphous operates across its engineering construction and maintenance division and industrial services division.

BHP awards $200m contract to Monadelphous

Monadelphous (ASX: MND) has been awarded a major construction contract at BHP’s (ASX: BHP) Nelson Point Port Facility in Port Hedland, WA.

The opportunity aligns with AVL’s strategy of participating across the vanadium value chain, including vanadium production, electrolyte manufacturing and deployment of vanadium flow battery systems through VSUN Energy.

Alcoa assesses vanadium battery for WA refineries

Alcoa (ASX: AAI) and Australian Vanadium (ASX: AVL) will work to evaluate the potential deployment of a vanadium flow battery (VFB) at Alcoa’s WA alumina refinery operations.

(Image source: Michael O’Rourke, Geoscience Australia)

Exploration spending holds at $3.9b

Australia’s total mineral exploration expenditure held steady in 2025 as increased spending on gold and silver-lead-zinc offset declines across other commodities.

Ms Lacaze’s appointment as an independent non-executive director is effective August 17.

Amanda Lacaze joins Vulcan board

Former Lynas Rare Earths (ASX: LYC) managing director and chief executive Amanda Lacaze has been appointed to the Vulcan Energy (ASX: VUL) board.

The proposed power station would replace the ageing Parkeston power station, which was commissioned in 1996.

EPA backs Northern Star’s Kalgoorlie power project

Northern Star Resources (ASX: NST) has secured an EPA recommendation for its proposed Kalgoorlie thermal power project, which would provide reliable power to the expanding Kalgoorlie Consolidated Gold Mines (KCGM) operations.

PLS expects the Ngungaju plant to reach its normalised production rate within the first four months of FY27.

PLS targets record output as Ngungaju ramps up

PLS (ASX: PLS) is targeting another production record in FY27, guiding spodumene output of 1.03–1.1mt as it ramps up the restarted Ngungaju plant.

MinRes says it continues to experience no disruption to its fuel supplies or operations as a result of the Middle East conflict.

Record production carries MinRes above guidance

Mineral Resources (ASX: MIN) met or exceeded its FY26 volume and cost guidance across all business segments, with record production from its mining services, iron ore and lithium businesses.