NOVONIX Limited (ASX: NVX)
In the March 2025 quarter, NOVONIX Limited (ASX: NVX) saw strong progress at its Riverside site and moved closer to reaching a yearly production target of 3,000 tonnes. The facility is being equipped with systems for processing, shaping, and refining graphite to supply its existing agreements with global battery manufacturers. Meanwhile, a finalized deal was reached to acquire 182 acres in Chattanooga for a second facility, which will eventually contribute over 31,000 tonnes annually, supporting rising customer demand. Together with Riverside, total capacity is set to exceed 50,000 tonnes per annum. Local authorities approved the acquisition, and substantial local incentives totaling around $54 million over 15 years are expected, pending key funding approvals.
U.S based graphite firms, including NOVONIX, secured a favorable interim ruling in a federal trade case targeting unfair pricing practices by Chinese exporters. This outcome supports efforts to foster domestic supply resilience. Novonix also entered into a new licensing arrangement with Harper International, extending its rights to cutting-edge graphitization technology. This will allow the company to develop and refine thermal processing equipment using licensed methods, boosting efficiency in producing battery-grade materials.
The company secured $20.1 million from a share purchase plan and received an additional $5 million from a key investor. Grant reimbursements reached nearly $20 million by March, with an extra $4.9 million received in April. Battery Technology Solutions expanded its precision testing equipment business by adding seven new clients, with strong performance from its research services. As of quarter-end, available funds stood at $47.9 million, supporting ongoing development and innovation initiatives.
Nexus Minerals Ltd (ASX: NXM)
Nexus Minerals Ltd (ASX: NXM) delivered outstanding exploration outcomes at its Wallbrook Gold Project during the March 2025 quarter. A large-scale aircore drilling campaign covering 313 holes for 11,691 metres revealed two entirely new gold zones – Payns and Godfrey Prospects – with broad, shallow high-grade mineralisation. Payns shows strong gold continuity across a 900m x 750m area, while Godfrey hosts a 1,200m x 100m anomalous system, located just 600m from the existing Crusader-Templar resource. Clement Prospect’s footprint has grown to 650m x 250m, potentially extending mineralisation northward from the neighbouring Wallbrook Gold Mine. These results enhance Wallbrook’s credentials as an emerging multi-target gold district.
The Crusader-Templar area is advancing toward development, with studies showing potential for a multi-pit open cut operation. With a granted mining lease and all heritage and environmental surveys completed; Nexus is preparing essential mine approval documentation. A scoping study based on a $3,000–$3,500 gold price indicates 1.5Mt of material at 1.75g/t for 80,000 ounces of gold, generating a projected surplus of $67 million. Mining would proceed in stages over roughly 28 months with minimal upfront capital. The proximity to an operating mine also supports toll treatment options and minimises processing risks.
In New South Wales, Nexus secured over 15,000km² of highly prospective ground as part of one of the state’s most extensive mineral tenure acquisitions. This first-mover landholding within the Wagga-Omeo Zone is strategically focused on uncovering gold and key battery metals, including lithium, caesium, tantalum, tin, and copper.
(Source: Company Announcements)
Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.
