🔥 Wednesday 30 September 2026 Wed, 30 Sept 2026

ION Video has reported a $4.52 million FY2026 loss and a $3.21 million operating cash drain, even as a post-year-end $4.25 million placement lifted its balance sheet. Auditors have preserved their opinion but flagged material uncertainty over the company’s ability to continue as a going concern.

CONNEQT Health delivered sharp FY26 revenue growth and reduced its statutory loss as Pulse sales and clinical subscriptions expanded. But the ASX-listed medtech group ended the year with negative net assets, heavy cash burn and a material uncertainty over its ability to continue as a going concern.

MCS Services has completed the sale of its Traffic Business and now has no operating business, while its ASX securities remain suspended pending a possible recompliance transaction. The company reported $1.77 million in cash at 30 June 2026, but also faces a $495,000 legal settlement and no recurring operating revenue.

Manuka Resources has moved its Wonawinta and Mt Boppy restart from planning towards production, but its FY26 annual report carries a qualified audit opinion and warns of material uncertainty over its ability to continue as a going concern. The company recorded no sales revenue, a $28.1 million loss and $26.1 million of operating cash outflows.

Aurora Energy Metals (ASX:1AE) swung to a $21.8 million profit after selling its Oregon uranium project, but the result was driven largely by a non-cash accounting gain. The company’s concentrated Eagle Nuclear Energy stake was valued at about $15.5 million by the annual report date, down from $23.9 million at 30 June.

Cokal returned to coal sales at its BBM project during FY2026, but regulatory suspensions and weak cash generation pushed the company to a US$11.3 million loss and US$29.6 million of net liabilities. An auditor-highlighted material uncertainty over going concern remains, despite a post-year-end extension of major debt repayments.

Indiana Resources has finished FY2026 with A$30.1 million in cash and term deposits, promising exploration results in South Australia and an unresolved dispute over 18% of its Tanzania settlement proceeds. The company is also preparing for Managing Director and CEO Matthew Bowles to leave in November.

RareX has moved Cummins Range through key permitting and heritage milestones, while stronger metallurgical results broaden the project’s critical-minerals potential. But the explorer’s annual loss widened to A$5.07 million, cash burn remained high and its going-concern assessment still depends on future funding and project development.

Kelsian Group has completed the $149.9 million sale of its Tourism Portfolio to Journey Beyond, reducing pro forma leverage to approximately 2.0x. The transport operator has reset FY27 Underlying EBITDA guidance to $295 million-$310 million as it shifts towards commuter and contracted services.

Viking Mines has repositioned itself around Nevada tungsten, with Linka producing a 56.9% WO₃ concentrate at 76.0% recovery and gaining approval for a 63-hole maiden drilling programme. The opportunity is advancing, but the company remains loss-making, has no JORC resource at Linka and will need further funding as work accelerates.

WA Gold has posted a A$2.36 million annual loss and warned that additional working capital is needed to continue as a going concern. The company is nevertheless pressing ahead with Abercromby drilling and a potential 114,000-ounce staged development.

Lakes Blue Energy reported a $19.67 million FY26 loss, ended the year with just $433,804 in cash and disclosed a material uncertainty over its ability to continue as a going concern. Its key Wombat-5 well found gas-bearing zones but failed to establish commercial deliverability, leaving the company dependent on further remediation, flow testing and capital.

Vanadium Resources has repositioned its Steelpoortdrift project around a proposed V-Iron plant producing pig iron and vanadium-bearing slag for Western markets. The strategy has secured a non-binding U.S. offtake framework and advanced site and funding work, but the auditor has flagged material uncertainty over the company’s ability to continue as a going concern.

Alara Resources has swung from a $19.03 million loss to a $19.67 million net profit after tax as its Oman copper operation generated $135.35 million in revenue. The turnaround comes with a material going-concern uncertainty, planned further equity funding and a legal appeal due in November.

NeuRizer has secured agreements worth AUD$12.7 million with Reliance Industries, offering a potential funding bridge for its coal-gasification technology. But the company’s FY2025 accounts show a larger loss, just $183,666 in year-end cash and a material dependence on continued funding and creditor support.

Desert Metals expanded its Côte d’Ivoire exploration portfolio during FY2026, with high-grade results at King Kong and Tiogo and a new 7km Nyan gold corridor. The operational progress sits alongside a sharp fall in cash to A$409,355 and an auditor warning that further funding is critical to continuing as a going concern.

Boab Metals has moved Sorby Hills from investment decision to construction, but its A$236 million debt facility is not yet available for project drawdowns. The company ended FY26 with A$60.9 million in cash after raising almost A$117 million, while reporting a wider A$7.2 million loss.

QMines has moved its Mt Chalmers copper-gold project into a Definitive Feasibility Study after securing a $15 million strategic package from QIC. The development push comes alongside a larger annual loss, $9.21 million in operating cash outflow and continued reliance on future funding.

Caprice Resources has put its Murchison gold portfolio at the centre of a larger exploration campaign after extending Vadrians mineralisation and raising A$12.8 million. The company remains pre-production and loss-making, with a maiden resource estimate still to come.

Rokeby Resources has shifted its centre of gravity to the Omeo Gold Project, but the strategic reset comes after a near-doubling annual loss and with substantial future funding obligations. The company ended FY2026 with A$3.39 million in cash and drilling underway at Sunnyside.

Altair Minerals finished 2026 with A$33.7 million in cash after major equity raisings, giving it room to pursue a large Greater Oko drilling campaign in Guyana. The balance-sheet improvement came alongside a wider A$4.81 million loss, substantial dilution and an unresolved dispute with BHP over Olympic Domain.

Blackstone Minerals has reported a larger FY2026 loss and warned of material uncertainty around its ability to continue as a going concern, despite ending the year with $13.7 million in cash. The company is directing its remaining financial capacity towards the Mankayan copper-gold project while seeking to reduce exposure to its Vietnam nickel assets.

Noronex Limited (ASX:NRX) swung to a A$1.145 million statutory profit in FY2026, but the result was driven mainly by tenement disposal gains while operating cash outflows increased sharply. The auditor also highlighted material uncertainty over the explorer’s ability to continue without further funding.

Gateway Mining has reported a year of aggressive expansion across Western Australia, led by new gold discoveries at Yandal and a sharp increase in exploration spending. The company remains loss-making and pre-revenue, but entered the new financial year with a larger funding base after a further $45 million placement.