Mining

•The model indicates a 52% post-tax internal rate of return and a 20-month payback period.

•Novex constructs a small continuous pilot plant with two linked solvent-extraction circuits in the United States.

•Cross Fault material is to be included in the project’s heap-leach scoping-study work.

•The company completes 241 exploration drill holes for 33,223 metres during the September quarter.

In April 2025 the company signed a non-binding memorandum of understanding with Neo Performance Materials for 150 tonnes a year of refined high-purity niobium pentoxide. That equals about 50% of expected Phase 1 output of 313 tonnes a year. The two parties planned to …

As at 15 June 2026, Cerro Bayo hosts a Mineral Resource of 20.0 million tonnes at 211 grams per tonne silver equivalent for 136 million ounces. Indicated resources total 4.7 million tonnes at 395 grams per tonne for 60 million ounces, up 230%, while …

Revenue rose 56% to A$90.88 million for the year to 30 June 2026. The company reported a loss after tax of A$48.83 million, compared with a profit of A$3.18 million a year earlier, which included a bargain purchase gain that does not recur. Loss …