Author: Samantha Bawden

Record cashflow for Liontown Despite a 9% quarter-on-quarter decrease in lithium prices, Liontown (ASX: LTR) has delivered strong results for Q4 FY25, closing out its first year with positive cash flow of $23m. The company produced more than 300,000t of spodumene concentrate in its first 11 months of operation, showcasing the successful design and ramp up of the Kathleen Valley processing plant. This marks the company’s third consecutive quarter of positive operating cash flows, achieved in a low-price environment. Open pit mining remains on schedule for completion in December this year, with access to the final major ore zone...

Industry to boost Queensland resources investment The Queensland Government has opened a targeted expression of interest (EOI) to gain industry input on the next tranche of resources exploration across the state. The EOI process will ask companies to nominate land for exploration in infill areas adjacent to existing coal and gas tenures to identify areas with resource development potential. Queensland Natural Resources and Mines Minister Dale Last says the Queensland Government is committed to attracting new investment in the state’s resources. “Maintaining a strong pipeline of exploration protects the future of Queensland’s resources sector, which returns billions...

Speewah gets funding boost Tivan (ASX: TVN) has progressed towards securing full project financing for the Speewah fluorite project in WA with support from the Federal Government. The company has received a non-binding conditional letter of support from the Federal Government’s Export Finance Australia (EFA) and progressed to the Northern Australia Infrastructure Facility (NAIF) due diligence phase. Located 100km south of the port of Wyndham in the Kimberley region, the operation was awarded major project status in 2024 following the addition of fluorine to...

Bellevue Gold’s record breaking Q4 Bellevue Gold (ASX: BGL) has delivered record throughput rates during the June quarter following improvements at its processing plant in the Goldfields region of WA. Gold production increased substantially for Q4 FY25 with 38,941oz and gold sold totalling 38,754oz at an average realised price of $5147/oz and an all-in sustaining cost (AISC) of $2253/oz. The company processed a record 287,000t at 4.5g/t of gold at 94.4% recovery, of which, 111,000t was processed at 5.4g/t of gold at 95% recovery for the month of June alone. Bellevue Gold reported the1.35mtpa processing plant...

ZESTY gets $44.9m boost Calix has secured funding from the Australian Renewable Energy Agency (ARENA) to advance its zero emissions steel technology (ZESTY) green iron demonstration plant. The demonstration plant will have a targeted capacity to produce 30,000tpa of hydrogen direct reduced iron (H2-DRI) or hot briquetted iron (HBI). ZESTY uses a combination of electric heating and hydrogen reduction, aiming to provide lowest cost pathways to green iron and steel by: Enabling flexible operations compatible with variable renewable energy sources Enabling theoretical minimum hydrogen use of 54kg/t of iron...

WA’s energy future boosted by metals hub Murdoch University has launched a new extractive metallurgy hub in Rockingham as part of WA’s transition to sustainable metals production. The new facility is a flagship for research, education and industry collaboration, focusing on the extraction, processing and recycling of critical minerals essential to battery technologies and green steel production. WA is already a world-leading producer of lithium, responsible for more than half of global production, according to Murdoch University, and holds globally significant stores of vanadium — two metals essential to battery production. The university’s...

FMG banks record shipments, backs down on green hydrogen Fortescue (ASX: FMG) has documented record annual iron ore shipments for FY25, totalling 198.4mt, 55.2mt of which was shipped during the June quarter. The company also mined 64.2mt and processed 54.4mt, a respective 16% and 14% increase from the previous quarter. Fortescue chief executive Dino Otranto says the company’s performance for the year has been exceptional and is credited to the relentless focus of its teams on safety, efficiency and operational excellence. “We met all aspects of our market guidance and cemented our position as the industry’s lowest cost producer, with our annual...

New funding backs Whyalla workers The Federal and South Australia Governments have allocated a further $275m in funding to continue operation of the Whyalla Steelworks as it transitions to new ownership. The funding will facilitate continued safe operations, pay wages and suppliers and undertake critical works to strengthen the steelworks positions as a viable long-term asset for a new owner. Whyalla Steelworks is one of the state’s most strategically important employers and a key part of Australia’s manufacturing capability. The additional funding follows the formal...

Onslow Iron leading hybrid energy A combination of gas and renewables is powering clean energy solutions at Mineral Resources (ASX: MIR) Onslow Iron project, in the west Pilbara region of WA. MinRes’ Ken’s Bore mine site, located 200km southwest of Onslow, is fully powered by a hybrid gas and solar system that supplies energy to key site infrastructure and facilities including crushers, loaders, reclaimers and the company’s Mungala Resort. At the centre of the project is the Ken’s Bore power station, boasting an installed capacity...

Pilbara Ports breaks records Pilbara Ports has achieved record throughput for the sixth consecutive year with 775.7mt of exports and imports moving through its ports in FY25. This throughput equates to around $153b worth of commodities across the ports of Ashburton, Dampier, Port Hedland and Varanus Island, highlighting the essential role Pilbara Ports plays in the global supply chain and the Australian economy. The Port of Port Hedland contributed 577.7mt to the total, a 1% increase to last financial years performance, securing its position as one of the most important ports in the country....

Rio to advance Chilean lithium Rio Tinto (ASX: RIO) has signed a binding agreement with Empresa Nacional de Minería (ENAMI) to form a joint venture lithium project in the Atacama region of Chile. The company was selected as the Salares Altoandinos project’s preferred partner after a competitive negotiation phase with BYD Chile SpA, Eramet Chile SA and POSCO Australia. With the agreement, Rio Tinto has agreed to acquire a controlling 51% stake in the project and will provide up to $425m, in both cash and non-cash contributions, to advance the project. The...