🔥 Tuesday 20 October 2026 Tue, 20 Oct 2026

Yancoal’s September quarter brought stronger realised coal prices and a A$340 million rise in cash before its Kestrel acquisition and interim dividend. The US$1.85 billion deal now starts contributing earnings, although the mine’s first quarter will include a planned longwall relocation and additional debt funding.

VEEM has secured initial A$0.8 million purchase orders from HII for the Virginia Class submarine program, becoming the first Australian AUSSQ-qualified supplier to do so. The award gives the Perth defence manufacturer a foothold in the US submarine supply chain, although the value of future opportunities remains uncertain.

First Graphene reported unaudited first-quarter income of about A$201,000, up 21% year on year, as PureGRAPH moved into new cement, mining, composites and footwear applications. The commercial pipeline expanded, but A$915,000 of operating cash outflow left the company with A$1.831 million and an estimated two quarters of funding at the reported burn rate.

Accent Group reported a $13.8 million statutory loss for FY26 after a $48.6 million goodwill impairment, while underlying profit and dividends also fell. The footwear retailer is betting that store expansion, cost savings and portfolio closures can support its defence against Frasers Group’s $0.65 takeover bid.

Lachlan Star has extended shallow, high-grade gold mineralisation at New Waverley while identifying soil and magnetic anomalies across more than 4km of prospective strike. A project-wide RC drilling program is due to begin in late October, with the company holding $5.203 million in cash at quarter end.

Matsa Resources has received the final A$45 million payment from AngloGold Ashanti for five Lake Carey tenements, completing the transaction. Total payments under the agreement reached A$70.125 million including GST, while AngloGold retains a right of first refusal over Fortitude North until September 2027.

Superloop has completed its three-year Double Down strategy with revenue up 21.6% to A$664.3 million and net profit reaching A$17.5 million. The ASX-listed telco now turns to SuperCharge29, but its next growth phase begins with substantially higher debt and A$111.4 million of provisional goodwill from the Lightning Broadband acquisition.

Recce Pharmaceuticals says a review of blinded Phase 3 data for its RECCE 327 Gel showed strong efficacy and a positive safety profile. An independent committee is expected to assess unblinded data from 75 patients as soon as mid-November, while recruitment continues.

Percheron Therapeutics has secured a funded path towards a Vanderbilt Health-led HMBD-002 trial in high-risk AML and MDS, while ending September with $4.875 million in cash. The biotechnology company also installed a new chief executive and began a preclinical combination study with Invion.

PWR Holdings has lifted its FY27 Aerospace and Defence revenue growth outlook to around 50% after delivering record FY26 revenue of $170.7 million. A new US$4.6 million pre-contract order and a planned Polish manufacturing site are adding momentum, although the larger defence opportunity remains subject to customer and program decisions.

True North Copper says its Cloncurry Copper Project has reached a more substantial technical base, with Wallace North flotation tests averaging 88.9% copper recovery and contained copper-equivalent Resources rising 62% to 204kt. The pre-feasibility study remains targeted for completion in late 2026, but gold recovery, toll-processing terms and economic outcomes are still unresolved.

Verbrec has secured approximately A$22 million of water and wastewater infrastructure awards since the start of FY2027, led by a NZ$15.1 million headworks project in New Zealand. The contracts extend into FY2028 and support the company’s existing FY2027 revenue guidance, although margins and cash-flow timing remain undisclosed.

Ingenia Communities has granted Warburg Pincus comprehensive due diligence access as the parties work towards a process deed for the proposed $5.25-per-stapled-security takeover. The proposal remains non-binding, while Ingenia continues to progress its separate Peet transaction.

Ovanti sharply reduced its quarterly operating cash outflow to A$491,096, helped by higher customer receipts and cost reductions. But with only A$227,000 in cash, the ASX-listed fintech remains dependent on further funding, operating receipts and uncertain legal recoveries.

TMK Energy has secured Mongolian regulatory acceptance for a formal gas discovery at its Gurvantes XXXV Pilot Well Project, opening the next stage toward appraisal, reserves and a potential production licence. The milestone starts a 90-day window for an appraisal program, but no reserves or commercial production figures have yet been established.

Gold Hydrogen has completed helium flow testing across all three Ramsay wells, confirming reservoir continuity over 2.2 kilometres and average air-corrected helium concentrations of 15.2%. The company is now accelerating modular pilot planning, but its headline 37 Mscf per well per day production figure remains modelled rather than demonstrated.

Microba has secured a $2.025 million placement while cutting costs further, launching GI Navigator and advancing its proposed merger with Genetic Signatures. The funding comes as the company reports strong Australian testing growth but only about one quarter of cash cover before the raise.

Green360 Technologies has moved MKX further into commercial supply, with binding agreements covering up to 9,600 tonnes and more than 3,500m³ of concrete placed in Melbourne projects. Revenue rose and operating cash outflow narrowed sharply, although the reported contract volumes are maximums rather than guaranteed purchases.

Brazilian Rare Earths has strengthened the development case for its Brazilian rare earths portfolio, reporting high-grade Monte Alto drilling, a new Sulista discovery and first concentrate production at Camaçari. The company ended September with A$121.8 million in cash and no borrowings, although its headline US$6.0 billion project valuation remains based on a preliminary study with substantial inferred resources.

Lithium Plus Minerals has outlined a six-year underground direct shipping ore operation at Lei with a post-tax NPV of A$325 million and initial project capital of A$87.7 million. The attractive economics remain dependent on approvals, funding, resource conversion and a lithium price assumption that is not secured by a binding contract.

Kali Metals has expanded its Marble Bar gold pipeline after reporting shallow high-grade drilling and nine additional targets identified after quarter end. The explorer also ended September with $5.242 million in cash and a binding agreement for up to $700,000 of JX Advanced Metals-funded exploration in the Southern Lachlan Fold Belt.

Corporate Travel Management says IATA has released its $65 million security guarantee and restored the settlement cycles used before December 2025. The change is expected to improve CTM’s working capital by approximately $30 million.

Aurum Resources has reported gold mineralisation outside the current resource at BST1 and BMT2, including a 57-metre intercept grading 2.34 g/t gold. The results will be assessed in an updated Boundiali resource estimate due by the end of October, ahead of a planned definitive feasibility study.

Delorean has secured the operational licence needed for its SA1 Salisbury bioenergy project to begin receiving organic waste, with construction about 90% complete. The approval moves the facility into waste acceptance and biological commissioning ahead of its planned biomethane export into Adelaide’s gas network.