🔥 Tuesday 8 September 2026 Tue, 8 Sept 2026

Peppermint Innovation has shifted from building its Philippines payments platform to commercialising it, but the FY26 report shows the business remains loss-making, balance-sheet constrained and dependent on future funding. The company reported A$217,720 in revenue, a A$2.40 million net loss and negative net assets of A$578,233.

Equus Energy has completed Pre-FEED on its large North West Shelf gas project and signed a conditional 10-year gas sales agreement with Alcoa. But the annual report also shows a $25 million loss, a $12 million rehabilitation provision and substantial funding and permitting hurdles before development can begin.

Polymetals Resources moved its Endeavor silver-zinc-lead mine from restart to commercial production in FY2026, generating A$100.0 million in revenue. The milestone came alongside a A$47.0 million loss, negative operating cash flow and an auditor warning over going-concern uncertainty.

Ballymore Resources has reported its strongest Torpy’s intersection yet, with shallow drilling returning 580.4g/t silver, 25.88% lead, 10.08% zinc and 8.7g/t indium over 2 metres. The result extends mineralisation 40 metres up-dip and supports the company’s emerging high-grade shoot model, although the project remains at the exploration stage.

Astral Resources has reported a 1.54g/t Au weighted average across 41 infill holes at Theia, including several high-grade intervals that exceed the existing Stage 1 resource grade. A separate deviated hole returned 1m at 219g/t Au, adding further support to the early mining inventory while deeper drilling continues.

Encore Minerals has approved development of the Windarra Tailings Project, triggering a $400,000 payment to Maritana Minerals and preserving the company’s exposure to future gold production through royalties. Encore will carry the project’s development and operating costs, although key execution milestones remain ahead.

Sunrise Energy Metals has put its Syerston scandium project on a stronger financial footing, ending FY2026 with A$115.4 million in cash and a conditional US$400 million debt commitment. The project still faces a decisive sequence of tests: final investment approval, binding offtake agreements, financing conditions and construction execution.

Botala Energy has secured three wholly owned Botswana prospecting licences covering 1,812km², taking its Serowe CBM footprint beyond 6,000km². The expansion comes as the company prepares to flow-test Serowe-3.5B, while the new acreage remains an interpreted exploration opportunity rather than a booked resource.

Magnum Mining has confirmed broad shallow TREO enrichment across the 8.3 km² Feirinha target in Brazil, led by a 15-metre interval grading 2,190 ppm. The result is encouraging, but recoverability and mineral continuity remain untested as the company shifts to laboratory work.

Brazilian Rare Earths has commissioned its Stage I beneficiation pilot plant in Bahia and produced its first rare earth mineral concentrate. Partners will contribute R$6.4 million, or about A$1.7 million, towards the next hydrometallurgical stage planned for commissioning in Q2 2027.

Kingston Resources says infill drilling at Jack’s Hut has confirmed the location and continuity of polymetallic mineralisation targeted for potential underground mining at Mineral Hill. The results will feed into a resource update, while surface drilling in October will test extensions beyond the current resource.

Emperor Energy has signed a term sheet to secure the Valaris 107 jack-up rig for its Judith-2 appraisal well, targeted for April 2027. The deal commits US$3.5 million before the full drilling contract is finalised, while environmental approval remains outstanding.

Element 25 has signed a binding AU$50 million NAIF facility agreement for its Butcherbird Expansion Project, replacing an earlier funding commitment with a contractual financing framework. The money is not yet available: financial close, first drawdown and other conditions precedent remain outstanding.

Amplitude Energy has intersected at least 60 metres of gas-bearing Waarre C sandstone at its Juliet-1 exploration well, including 49 metres of interpreted high-quality net pay. The result is ahead of schedule and budget, but commercial recoverability, gas composition and deliverability remain unconfirmed.

Select Harvests expects a near-record FY26 almond crop and stronger pool pricing, but wet-weather harvesting has pushed operational costs to A$13.9 million. Net debt is forecast below A$65 million at year-end, leaving the key earnings impact for the full-year results.

Sigma Lithium says its Brazilian mining and processing operations remain active after reports of a preliminary court ruling allegedly suspending its environmental licences. The ASX-listed producer says it has received no legal notice and will begin its formal defence when Brazilian courts resume on September 8.

Titan Minerals has extended high-grade gold-silver mineralisation at its Dynasty project in Ecuador and reported broad infill results that could support resource classification upgrades. The company is adding drilling capacity ahead of a Mineral Resource Estimate and Scoping Study targeted for the first quarter of 2027.

Sky Metals has identified high-grade tungsten mineralisation at the Theirman Mines Prospect, 20 kilometres north of its Tallebung project in NSW. The results validate historical sampling and move the prospect towards drilling within weeks, although the evidence remains limited to surface rock chips.

Recharge Metals has identified materially higher tungsten grades in selected re-assayed pulps from its Brandy Hill South copper project in Western Australia. The results strengthen the case for a broad Cu-W-Mo system, but the most important evidence still sits in more than 1,000 samples awaiting testing.

Gryphon Capital Income Trust has secured firm commitments for an $86.25 million wholesale placement, giving the fund fresh capital for incremental portfolio management. A further unit purchase plan of up to $30,000 per existing unitholder is also planned for the coming months.

Core Lithium has produced its first spodumene concentrate from the recommissioned Finniss processing plant, reaching its September-quarter target within six months of the restart decision. The plant is not yet at steady-state production, with optimisation continuing ahead of a targeted first shipment in the December quarter.

Cazaly Resources has extended anomalous gold mineralisation more than 400 metres south at Hastings, including a shallow 7-metre zone grading 1.2g/t. The company now plans 2,500 metres of RC drilling at Hastings and an initial test of unverified historical high-grade results at Gulls Blow.

Krakatoa Resources has reported high-grade gold and antimony results from the first batch of its 2026 Zopkhito drilling assays, including 1.8 metres at 11.09 g/t gold and 3.56% antimony. The results support continuity at Vein 6 and identify mineralisation outside the project’s existing foreign estimate, but remain exploration results pending further drilling and a JORC assessment.

Trek Metals has reported a second batch of shallow, high-grade manganese assays from Kuro, including 7 metres at 40.2% Mn from just 7 metres. The results bring the discovery into a larger 2,500-metre Phase 2 drilling campaign targeting geophysical anomalies across the Christmas Creek project.