🔥 Wednesday 30 September 2026 Wed, 30 Sept 2026

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.

Peak Processing delivered its first positive Group EBITDA quarter in FY2026, but the turnaround remains financially fragile. The ASX-listed THC beverage manufacturer reported a $7.8 million statutory loss, negative operating cash flow and an explicit material uncertainty over its ability to continue as a going concern.

Aguia Resources has begun commercial Pampafós phosphate production in Brazil and improved Santa Barbara gold recoveries, but its annual report carries a material going-concern warning. A Brazilian court has also declared the Três Estradas environmental licensing process null, leaving the company’s flagship new operation exposed to an unresolved legal fight.

SQX Resources Limited (ASX:SQX) has emerged from a transformational year with two advanced US gold projects, broad shallow mineralisation at Red Bird and exceptional underground assays at Williams. The exploration gains came alongside a $1.83 million loss, falling cash and a further $2.47 million capital raising completed after year-end.

Australian Bond Exchange Holdings improved revenue, reduced its annual loss and sharply cut operating cash outflow in FY2026. Yet with only A$249,000 in cash, net liabilities of A$1.43 million and A$2 million of convertible notes maturing from April 2027, the turnaround remains financially fragile.

Klevo Group has cut its FY2026 loss by more than three-quarters, turned operating cash flow positive and lifted cash to A$4.32 million. The ASX-listed fintech is now reporting USD 59.2 million of unaudited revenue from its post-year-end stablecoin rollout, although the figure remains difficult to reconcile with the earlier trial disclosure.

Pure Foods Tasmania has warned of a material uncertainty over its ability to continue as a going concern after reporting an $8.6 million FY2026 loss, negative cash and a breach of its Commonwealth Bank covenant. The company expects its existing funding facilities to fall short from approximately February 2027, with further equity funding still uncommitted.

MC Mining has warned of a material uncertainty over its ability to continue as a going concern, despite its flagship Makhado project entering hot commissioning. The company ended FY2026 with US$2.904 million in cash, a US$49.746 million net current liability position and continued reliance on shareholder funding.

Gold Mountain expanded its Brazilian rare earths portfolio during FY2026, taking Irajuba beyond its original conceptual target and confirming ionic adsorption clay characteristics at Capivara. The progress came alongside an $8.137 million loss, a $4.798 million impairment charge and continued reliance on equity funding.

Pursuit Minerals posted an A$666,579 FY2026 profit, but the result was driven largely by a fair-value gain on its Kendrick Resources investment rather than operating revenue. The company’s more consequential development is in Argentina, where Rio Grande Sur now carries a 1.264 million tonne LCE resource, a maiden probable reserve and a pre-feasibility case for 5,000 tonnes per year of lithium carbonate.

Vantage Metals has reported high-grade silver-zinc-copper-gold intersections in Argentina, but the exploration win sits alongside a A$26.7 million impairment and a material uncertainty over its ability to continue as a going concern. The company ended June with A$2.5 million in cash and remains reliant on further funding.

Amara Minerals has warned of a material uncertainty over its ability to continue as a going concern after reporting an $8.79 million FY2026 loss and $2.08 million in cash. The company is advancing Victorian gold-antimony exploration, but further equity funding is required and a GST-related court dispute remains unresolved.

Yojee enters FY27 with 12 signed MOSAIC customer agreements and $10.45 million in fresh funding, but the freight software company is still loss-making and yet to generate meaningful MOSAIC revenue. Management expects initial billings in the December quarter as it works to convert signed customers into live, billable usage.

Australian Critical Minerals has emerged from a transformational year with six new Peruvian projects and early Flint drilling pointing towards a possible concealed porphyry system. But the annual report also flags a material uncertainty over going concern, with further funding required to sustain exploration.

Taruga Minerals has transformed its exploration strategy around two Papua New Guinea projects, but the next phase comes with a clear funding constraint. The ASX-listed explorer ended FY2026 with A$1.84 million in cash, a A$3.77 million loss and an auditor-highlighted material uncertainty over its ability to continue as a going concern.

Redcastle Resources reached its biggest operational milestone in FY2026 by starting mining at Redcastle Reef, but the project was temporarily suspended after Wiluna Mining halted relevant processing activities. The annual report also flags a material uncertainty over the company’s ability to continue as a going concern.

Magnetite Mines has warned that its existing cash is insufficient to fund planned activities for the next 12 months, while auditors highlighted a material uncertainty over the company’s ability to continue as a going concern. The ASX-listed miner is cutting costs and reshaping Razorback around a lower-capital development pathway.

Lode Resources has reported a statutory profit of A$456,296 after establishing an 8.2Moz silver-equivalent resource at its Montezuma project in Tasmania. The explorer is now moving from discovery toward scoping studies, but remains reliant on further drilling, metallurgy and funding to demonstrate an economic development case.

Quantum Graphite has moved Uley 2 into front-end engineering and design, renewed key mining leases and formalised its downstream structure with Sunlands Pure Group. But the company ended FY2026 with just $210,710 in cash, $10.50 million in borrowings and an auditor-documented material uncertainty over its ability to continue as a going concern.

Koonenberry Gold posted a sharply wider FY2026 loss after impairing its namesake project, while exploration spending rose and Enmore drilling extended a gold system to depth. The company has since raised $3.78 million from a placement, but remains dependent on equity funding.

Radiopharm Theranostics reported a A$56.3 million comprehensive loss for fiscal 2026, with operating cash outflows rising to A$52.8 million and cash falling to A$4.1 million. The company says further funding is required, while auditors flag a material uncertainty over its ability to continue as a going concern.

Decidr AI Industries delivered 99% revenue growth and a A$13.6 million annualised exit rate in FY26, but the company’s A$32.4 million loss and auditor-highlighted going concern uncertainty put funding at the centre of its next chapter. Management is targeting A$5 million in annualised savings while seeking to convert early AI deployments into recurring revenue.

Infotrust has completed a sweeping reshaping of its business, exiting Cloud and Communications, repaying $27 million in bank debt and acquiring Canberra cyber specialist Catalyst Cyber. The balance-sheet reset leaves the ASX-listed group targeting more than $6 million in FY27 underlying EBITDA, but its continuing business remains loss-making and execution risks are plainly visible.

Recharge Metals ended FY2026 with $5.61 million in cash after a $5.97 million capital raise and the acquisition of the Sunset Well gold project. The explorer now faces a sharper test: whether drilling can turn Prospero’s 94,500-ounce inferred resource and its broader exploration portfolio into something more substantial.