🔥 Monday 12 October 2026 Mon, 12 Oct 2026

Altitude Minerals is abandoning its Byrock copper-gold earn-in after disappointing assays and redirecting exploration towards drill-ready silver and gold targets in Nevada. The pivot comes with $817,000 in cash, 1.5 quarters of estimated funding and further capital still to be secured.

Firebrick Pharma has raised approximately $732,000 from strategic investors, with its Philippines licensing partner investing $631,750 to lift its holding above 10%. The funding will support US retail production, a Singapore product launch and working capital.

VHM has agreed a non-binding term sheet with Mitsui covering up to 65,000 tonnes a year of heavy mineral concentrate from its Goschen project. The proposed deal could add a cornerstone customer and potential trade-finance support, but a binding agreement and funding remain outstanding.

Caspin Resources has increased the Kelpie Deposit’s contained tin resource by 45% to 28kt, with the entire 6.5Mt estimate constrained within an optimised open-pit shell. The upgrade adds a maiden Indicated component, but most of the resource remains Inferred and no Ore Reserve has yet been declared.

Nordic Resources has increased the pit-constrained resource at its Kopsa gold-copper-silver deposit in Finland by 86% to 1.52 million ounces of gold equivalent. The update gives the company a larger, more defined resource base, but the project remains at the Mineral Resource stage rather than a development decision.

Austral Resources has extended the known McLeod Hill copper system to more than 1km of strike, well beyond its existing 470m Mineral Resource footprint. The shallow mineralisation sits within existing mining leases and 4.5km of the company’s Western Operations processing facility, but still requires further drilling, modelling and metallurgical work.

Activeport has reported a sharp first-quarter acceleration in software revenue, alongside a leaner cost base and expanding GPU deployments. The company says $4.05 million of software project contract value was activated during the quarter, but the cash flow payoff still depends on customer usage and execution.

Kaoko Metals has confirmed broad, shallow copper-silver mineralisation at Otniel after its first two diamond holes returned strong grades, including intervals above 3% copper. The early results support expanded drilling across the 400km² Chalkos project, but true widths, continuity and metallurgy remain unresolved.

GenusPlus will acquire New Zealand telecommunications construction and maintenance provider UCG for about NZ$40 million upfront and deferred consideration, with a further NZ$25 million tied to performance. The deal expands GenusPlus’s communications capability and is expected to be immediately earnings accretive, subject to regulatory and contractual approvals.

Southern Cross Electrical Engineering will acquire Victorian fire and HVAC services group Entire Operations for up to $112.1 million, funded from existing cash reserves. The deal adds mechanical services, expands SCEE’s national fire platform and lifts FY27 EBITDA guidance to at least $110 million.

Critica has converted 160 million tonnes of its Jupiter rare earths resource into the higher-confidence Indicated category after infill drilling across about 10% of the deposit. The upgrade comes ahead of a scoping study that is expected shortly, although most of Jupiter remains Inferred and no Ore Reserve has been declared.

Tāiko Critical Minerals has completed the final resource estimate for its Barrytown project, taking the project-wide inventory to 35.0 million tonnes. The result strengthens the base for feasibility work, but the extension still depends on consent and further drilling to address sampling uncertainty.