Sugarbag Hill declared prescribed project

Image celebrates Atlas’s successful debut Image Resources (ASX: IMA) has reported a successful Q4 FY25 for its flagship Atlas mineral sands project in WA. During Q4, the project generated positive cashflow of $5m and produced 45,900dmt of heavy mineral concentrate (HMC) from 674,000t of ore processed with shipments totalling 35,359dmt — exceeding forecasts of 30,000-35,000dmt. The company recorded revenue of $22.2m, averaging $624/t, with operating costs totalling $17.1m, averaging $396/t. Image Resources chief executive Patrick Mutz says achieving positive operating cash flow in Atlas’ first quarter of operations gives the team renewed confidence...

Rio overhauls operations and executive team Rio Tinto (ASX: RIO) is strategically reviewing its portfolio and undergoing major operational reform that will see two senior executives exit the company.   The company is consolidating its product group into three divisions — iron ore, aluminium and lithium, and copper — to maximise competitive advantage and growth potential while still benefiting from a diverse portfolio.   The company’s borates and iron and titanium businesses — spanning across Canada, Africa and the US — are being reviewed by the chief commercial officer following two consecutive cash flow negative years from Rio’s minerals division.  Rio Tinto chief...

RBA uncertain on Australia’s critical minerals future The Reserve Bank of Australia (RBA) has outlined an uncertain outlook for Australia’s critical minerals industry that depends on policy environments and investment levels amidst the global energy transition. The RBA research paper, The global energy transition and critical minerals, reports the magnitude of both long-term global demand projections and Australian production remains subject to considerable uncertainty with global price declines halting production and delaying investment plans such that growth is likely to remain subdued. However, the report found that critical minerals production in...

Liberty Bell Bay in Tasmania, one of billionaire Sanjeev Gupta’s last remaining Australian assets, has entered voluntary administration.