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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 expected for Q2 FY26. In Q4 FY25, the process plant saw record performance, with more than 95% availability and concentrate quality maintained while processing stockpiles…

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 of dollars to Queenslanders,” he said. “We’re asking industry to tell us where they are interested in exploring, which will inform our decisions over future land exploration releases.” The process…

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 the Federal Government’s critical minerals list. Downstream fluorine products are used in strategically important sectors including semiconductor manufacturing, electric vehicle (EV) batteries, refrigerants, aluminium fluxing and uranium enrichment. Tivan executive chairman Grant Wilson says the company is very pleased to…

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 upgrade is nearing completion with underground infrastructure now largely in place, following a year of ramping up operations. Bellevue Gold managing director Darren Stralow says the results reflect the…

CZR kicks off drilling CZR (ASX: CZR) is preparing to start an extensive drilling campaign at its Croydon gold project, located directly along strike from Northern Star Resources’ (ASX: NST) 11.2moz Hemi deposit. The company confirmed the Croydon gold discovery with limited drilling in 2019-2020 intersecting shallow high-grade gold at the Top Camp and Bottom Camp prospects. Results include: 27m at 3.2g/t of gold from 135m in CRC007, including 8m at 10g/t of gold from 135m 8m at 1.7g/t of gold from 66m in CRC018, including 1m at 9.4g/t of gold from 66m 2m at 22g/t of gold from 7m in CRC021 5m at 3.2g/t of gold from 132m in CRC032, including 2m at 7g/t of gold from 132m This…

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 Removing the need for ore pelletisation Enabling the use of fines and lower-grade ores The plant’s targeted benefits have the potential to substantially increase cost savings for green iron projects with traditional hydrogen direct reduced…

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 Harry Buttler Institute will operate the new hub which is set to open with research projects already underway in collaboration with major industry players, including Rio Tinto (ASX: RIO), IGO (ASX: IGO), Lynas (ASX:…

Newmont is on track to meet 2025 guidance after producing about 1.5moz of gold and generating an all-time record quarterly free cash flow of $2.5b (US$1.7b).  Attributable gold production decreased 4% to 1478koz from the prior quarter as expected, driven by the closing of non-core asset sales.  Newmont says this was partially offset by increased production at Yanacocha, in Peru, from improved injection leaching; Peñasquito, in Mexico, from higher gold grades; Nevada Gold Mines, in the US, and Boddington, in WA, from higher tonnes processed following planned maintenance.  Newmont saw an increase of $571/oz (US$376) in average realized gold price to $5044/oz (US$3,320) per ounce from Q1.   Newmont chief executive Tom Palmer says these results underscore the strength of the…

Northern Star had a strong finish to FY25, with the miner safely delivering its revised guidance, which included new milestones of 1.63moz gold sold and net mine cash flow of $1,189m.   As the Kalgoorlie Consolidated Gold Mines (KCGM) operation enters its final build year, Northern Star expects FY26 gold sold to be in the range of 1,700-1,850koz.   KCGM is forecast to deliver 550-600koz, with underground mined volumes at 3mtpa, while open pit mining productivity is forecast to increase throughout the year as mining in Golden Pike North returns to one mining horizon by H2 FY26.  Northern Star managing director Stuart Tonkin comments on the results.  “The June quarter completes a constructive year of growth investments to position our largest…

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 C1 cost declining for the first time since FY20,” he said. “As we look to FY26, we’re focused on building on this momentum — safely ramping up…

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 opening of the sale process in June, marking a crucial next step in securing a sustainable future for the steelworks and the region. South Australia Industry and Innovation Minister Tim Ayres says the funding will give certainty to the thousands…