🔥 Monday 12 October 2026 Mon, 12 Oct 2026

Peninsula Energy’s low-pH uranium restart delivered stronger grades but failed to move enough solution through its Lance wellfields, forcing a guidance withdrawal and a US$50.1 million impairment. The company has fresh funding, but its auditor has warned of material uncertainty over its ability to continue as a going concern.

Mesoblast has reported a sharp commercial step-up in FY2026, with Ryoncil generating US$115.2 million in net sales and total revenue reaching US$120.3 million. The company has also completed treatment in its 350-patient back-pain trial and refinanced its debt, but remains loss-making and expects to need more capital beyond the next 12 months.

Glencore returned to reported profit in 2025 and lifted shareholder distributions, while a stronger second half and expanding copper pipeline helped offset weaker coal markets. The mining giant is targeting more than 1 million tonnes of annualised copper production by 2028, but the strategy remains exposed to execution, commodity prices and transition risks.

Eureka Group Holdings is reshaping its North Queensland seniors rental portfolio, selling half of two Cairns villages while acquiring half of two Townsville assets. The deal is expected to release approximately $10.4 million for development and debt reduction, but settlement is still pending.

Sena & Co has secured 98.796% of 2 Cheap Cars after its $0.90-per-share takeover offer closed, triggering compulsory acquisition of the remaining shares. Trading is due to end on NZX next week, with delisting expected on 21 October.

BOA Resources has reported further high-grade copper intersections at Ricci Lee, strengthening evidence of a continuous mineralised system rather than isolated historical hits. Assays from 12 more RC holes and five other Neds Creek prospects could now shape the path towards a maiden Mineral Resource.

Crimson Consulting Australia has raised its unconditional cash offer for Kip McGrath to A$0.75 per share and secured unanimous board backing. The bid now carries no defeating conditions, but the final control outcome depends on acceptances before the 19 October deadline.

FortifAI says independent verification found its NOL8 AI Data Plane delivered up to 118 times more data per infrastructure dollar than Google RE2 at the highest workload tested. The result supports NOL8’s commercialisation push, while also triggering the vesting of 52,516,667 Class C Performance Rights.

WhiteHawk has completed its Quixxi acquisition after shareholders approved every resolution with more than 95% of non-associated votes. The deal adds AI governance, mobile application security and an international customer base, but execution now matters more than the strategic pitch.

Horizon Gold has reported its strongest Snook intercept to date, including 44 metres at 5.08g/t gold, as drilling points to deeper resource potential at Gum Creek. Results at Cobia and Alma May could also support maiden resources, although further drilling and technical work remain ahead.

De.mem has reported its strongest quarterly operating cash flow on record, with September cash receipts rising 29% year on year to approximately $10.1 million. The water treatment company also secured an $800,000 antiscalant framework agreement and two equipment orders due for delivery in 2027.

Magnum Mining has added 119 assay results to its Piracanjuba North database, identifying four coherent high-desorption zones across roughly 7.19 square kilometres. The results strengthen the exploration case ahead of a targeted November resource estimate, although the desorption figures remain laboratory screening results rather than process recoveries.

Stakk’s unaudited pro-forma revenue rose 16.5% to A$16.1 million in the first quarter of FY2027, implying an illustrative annualised pace above its full-year objective. The company has kept its A$55.2 million revenue and A$18.5 million EBITDA targets unchanged, stressing that one quarter does not establish the year.

Metro Mining shipped 659,000 wet metric tonnes of bauxite in September, but a collapsed sand bank and workforce disruption have put its 2026 volume guidance under review. Channel repairs are under way, while the company works on longer-term dredging options with Ports North.

Arafura Rare Earths has signed a binding five-year offtake agreement covering up to 850 tonnes a year of NdPr oxide at nameplate production. The deal expands on an earlier term sheet, but leaves pricing mechanics, counterparty identity and conditions precedent undisclosed.

Acrux says the FDA has confirmed the evidence package required to take its female testosterone spray into Phase III trials for postmenopausal women with HSDD. The agency also indicated the company may apply for three years of data exclusivity if the product reaches submission.

Cobre has lifted its interest in the Sierra Atacama copper project to 62.86% after exercising a control option for approximately US$12 million. The move gives its Chilean subsidiary majority board representation as expansion, satellite pits and exploration plans advance.

Cooper Metals is pursuing an 85% interest in the Colet Copper Project in the Philippines, anchored by a large but unvalidated historical copper estimate. The acquisition would more than double the company’s share count and requires shareholder approval alongside a A$4.85 million capital raising.

Ballard Mining has secured A$45 million from institutional and sophisticated investors, giving its 1.84 million ounce Mt Ida project funding for drilling, infrastructure and development studies. A further A$5 million shareholder offer could take the raise to A$50 million, although the SPP is not underwritten.

Midas Minerals has extended confirmed mineralisation at its Spaatzu copper-silver deposit in Namibia to 1.5 kilometres, with broad shallow intercepts continuing to emerge from step-out drilling. Assays from another 19 holes are pending ahead of a planned initial resource estimate in the first quarter of 2027.

EBR Systems reported 40 WiSE commercial implants in Q3, down from 46 in Q2 and below its prior forecast, as leadership changes and a sales strategy reset disrupted activity. Higher Medicare reimbursement and progress at its new manufacturing facility offer potential offsets, but both remain dependent on execution and regulatory approval.

Hamelin Gold has expanded its Day Dawn drilling campaign after intersecting multiple high-grade gold lodes, including 3 metres at 93.4 g/t Au from 9 metres. The company raised approximately $8 million during the quarter and held $9 million in cash as it prepares for diamond drilling and further exploration across Western Australia.

OD6 Metals has completed its A$6.92 million placement, issuing 72.84 million new shares and giving the explorer funding to advance Quinn, Splinter Rock and Gulf Creek. The immediate test is whether that capital can translate into approvals, drilling and resource definition.

AXP Energy has launched a 1-for-1 non-renounceable entitlement offer seeking between A$1.2 million and A$2.249 million. The funding could support Oklahoma development, but the prospectus also highlights material going-concern uncertainty, creditor dependence and significant dilution for shareholders who do not participate.