Monadelphous secures $145m in contracts

Bellevue Gold shines with $75m maiden net profit Bellevue Gold (ASX: BGL) has announced a maiden net profit of $75m for FY24 following the start of production at its Bellevue gold mine in WA. Bellevue generated free cash flow of $41m in the June 2024 quarter from production of 42,705oz, highlighting the cash flow potential of the project as production continues to grow. Bellevue managing director Darren Stralow says the company has achieved many major milestones during the year as it made the transition to gold producer. “Production commenced in October 2023, and we are pleased to report profit of $75m for FY24...

Liontown working its way out of the red  Liontown (ASX: LTR) is nearing a break-even point as the miner ramps up its underground production and with the open pit nearing completion at its Kathleen Valley operations.   The underground operations achieved a 1mtpa run-rate in September, six months after first stoping. 225kt of underground ore was mined in Q1 FY26, marking a 105% increase from Q4 FY25.   Liontown also saw a 77% increase in open pit ore mined for the quarter with a total of 292kt mined at a weighted average grade of 1.3% lithium oxide.  Liontown managing director and chief...

Rio takes full control of Jabiluka Rio Tinto (ASX: RIO) announced its compulsory acquisition of all remaining Energy Resources Australia (ERA) (ASX: ERA) shares that it does not currently own. This follows a ruling by the Takeovers Panel that Rio would assume control over rehabilitation activities at Jabiluka. As a result of Rio Tinto taking up its pro rata entitlements in the entitlement offer and the level of participation by other ERA shareholders, Rio Tinto will hold over 98% of ERA’s shares. Rio intends to proceed with the compulsory acquisition at $0.002 per ERA share, being the same...

Element 25 (ASX: E25) has secured commitments for an $18m share placement to fund the expansion of its Butcherbird manganese project in WA to 1.1mtpa of manganese oxide concentrate.