🔥 Thursday 17 September 2026 Thu, 17 Sept 2026

Carnavale Resources is approaching the final stretch of its bankable feasibility study for the 80%-owned Kookynie Gold Project, backed by a 120,000-ounce resource and strong metallurgical recoveries. The project still requires financing, a toll-treatment agreement and final economic modelling before it can move from promising study to mine development.

Forrestania Resources has reported wide, high-grade gold intersections from 15 additional reverse circulation holes at British Hill in Western Australia. A diamond rig is now being mobilised to test below current RC drilling limits as the company works towards a larger mineral resource estimate.

Alchemy Resources finished FY2026 with a sharply wider loss, lower cash and a smaller asset base, even as drilling delivered strong copper-gold results at Yellow Mountain and high-grade iron results at Valley Bore. The explorer has reshaped its portfolio, but its next phase still depends on exploration success and further funding.

Terrain Minerals has posted a 54,000-ounce inferred gold resource at Lightning, alongside stronger exploration spending and a reduced FY2026 loss. The next test is whether further drilling, metallurgy and fresh capital can turn the starter resource into something more definitive.

Central Petroleum has swung to a $4.9 million FY2026 statutory loss after writing down two Amadeus Basin permits, but its gas business generated higher revenue and margins. The company is now betting on Palm Valley drilling, long-term contracts and new east coast acreage to restore growth.

Condor Energy has consolidated 100% ownership of its offshore Peru acreage and moved its 1 Tcf Piedra Redonda gas discovery closer to commercialisation. The company enters FY2027 with a larger resource base and stronger project control, but auditors have warned that additional funding is needed to sustain operations.

Austco Healthcare delivered record FY26 revenue and statutory profit, with stronger margins, cash generation and a modest recovery in contracted orders entering the new financial year. The company is pairing that momentum with further reseller consolidation, including the $2.88 million acquisition of Medical Communications Systems.

Skylark Minerals has pushed its Côte d’Ivoire gold strategy forward, with M’Basso now extending across about 2km of strike. But the annual report also highlights a material uncertainty over funding, after the company ended the year with A$4.85 million in cash and a A$3.01 million loss.

Ionic Rare Earths is pushing toward commercial magnet recycling in Belfast and the United States, but its FY2026 report flags a material uncertainty over its ability to continue as a going concern. The company reported a larger A$14.9 million loss and A$13.9 million in operating cash outflows, despite government support and new strategic partnerships.

Sky Metals has used FY2026 to move Tallebung from exploration toward development, combining more than 500 drill holes with strong ore-sorting results and progress into NSW’s environmental approval process. The advance came alongside a A$5.37 million loss and continuing reliance on equity funding.

Rox Resources has crossed the line from explorer to mine developer, with Youanmi underground mining underway, the processing plant under construction and a target of first gold in mid-2027. The project is financed on paper, but the A$350 million debt package remains subject to conditions precedent and the construction schedule still has to survive execution.

Orion Minerals has set out a clearer route towards first production at its Prieska copper-zinc project, but its audited FY2026 accounts warn that further funding remains essential. The company reported a A$12.69 million loss and A$14.46 million in cash while targeting first production in Q3 2027.

Codan Limited (ASX:CDA) has entered FY27 with record revenue, profit and a sharply larger Communications orderbook, while targeting approximately 20% Communications revenue growth. The forecast is conditional on supply-chain capacity as demand for unmanned systems and new gold detectors accelerates.

Data#3 delivered another record year, lifting gross sales 12.7% to $3.4 billion and profit before tax 14% to $78.8 million. The result came with a higher dividend and stronger recurring sales, but weaker Services performance, lower margins and softer operating cash flow leave FY27 with a clear execution challenge.

Nexus Minerals has more than doubled the Wallbrook Gold Project’s Mineral Resource to 631,000oz, adding maiden resources at Payns and Branches. Combined with Pinnacles, group resources now stand at 709,000oz, although most Wallbrook ounces remain Inferred and no Ore Reserve has been defined.

Altitude Minerals has secured a $1.215 million placement and plans a further $1.487 million rights issue to fund drilling at its Nevada gold-silver projects. The raising offers free options, but shareholders who do not participate in the non-renounceable offer face dilution.

ABx Group has locked in approximately $4.1 million through a placement and fully underwritten share purchase plan, with strategic partner Good Importing International committing $1 million. The funding will support the Deep Leads rare earths project and construction and commissioning of the ALCORE pilot plant, but comes with substantial new equity and options.

Chariot Resources has secured A$1.1 million from institutional and sophisticated investors to advance its proposed Nigerian lithium acquisition, exploration and partner-funded development program. The raising also brings potential option dilution and only partially addresses the company’s secured debt.

Atlantic Lithium has secured Australian foreign investment approval for Zhejiang Huayou Cobalt’s proposed acquisition, removing one condition to the scheme. Shareholder, court and other regulatory approvals are still required before the transaction can complete.

CZR Resources has expanded its exploration case at Croydon, with shallow gold at Frank’s Patch and Baskerville complemented by deeper mineralisation at Top Camp. The company has also lodged a mining lease application for its Buddadoo vanadium-titanium-magnetite project.

Omega Oil & Gas has been selected as preferred tenderer for 1,138 square kilometres of new Taroom Trough acreage, taking its operated position to 2,947 square kilometres. The award remains subject to Queensland Government processes, but would materially enlarge the company’s exploration inventory alongside Beach Energy and Tri-Star E&P.

MA Financial has agreed to buy a 50% interest in Melbourne’s The Glen Shopping Centre for $327.5 million while launching a fund targeting more than $500 million of large format retail assets. The transactions lift its retail property activity in the second half of 2026 to $500 million.

Altair Minerals has secured an exclusive option over eight permits adjoining its South Oko project in Guyana, adding 29km2 and lifting exposure to the Oko Shear Contact to about 18km of strike. The deal expands exploration optionality, but ownership remains subject to due diligence, staged payments and a future exercise decision.

Echo IQ says it sees a path to US FDA clearance for EchoSolv HF after receiving a Not Substantially Equivalent determination. The company is weighing an appeal, an Ombudsman review or a fresh 510(k) submission, but has not selected a route or set a firm timetable.