Latest Boardroom Shifts News

Industrial Minerals has cleared a key licensing hurdle at its newly acquired Laverton Gold Project, positioning the North Pool prospect for maiden RC drilling once heritage and regulatory approvals are complete. The company ended September with $2.50 million in cash after completing its $3 million placement and issuing shares tied to the acquisition and board changes.

C29 Metals ended September with $219,000 in cash and estimated funding for just 0.59 quarters, while its proposed $2.4 million placement remains subject to shareholder approval. The explorer reported no on-site exploration during the quarter, as it moved to cut costs and rationalise its portfolio.

Lithium Universe’s CEO and chief technical officer will leave on 30 October, prompting a search for a new chief executive while the company advances its lithium refining and recycling plans. No interim CEO or successor has been announced.

Beamtree Holdings has paired 10% recurring revenue growth with a $13.1 million non-cash impairment and a year-end debt covenant breach. The ASX-listed healthcare software company is betting that a tighter product portfolio, new leadership and FY27 execution can stabilise the balance sheet.

AIC Mines delivered record FY26 revenue, profit and operating cash flow while advancing Jericho and the Eloise processing plant expansion. The growth plan is gaining operational momentum, but it is also increasing debt, execution demands and exposure to copper and diesel prices.

Mineral Resources has maintained FY27 guidance after a record quarter for mining services and lithium sales, while Onslow Iron delivered its strongest export month yet. The gains came with a sharp fall in lithium prices, elevated Mt Marion costs and a leadership change in the lithium division.

MLG Oz delivered a stronger earnings year, with statutory NPAT rising 19.2% and underlying EBITDA margin expanding to 13.4%. The mining services group has resumed dividends while taking on higher fleet investment and debt ahead of FY2027.

Australian Oil has moved its Surat Basin restart strategy closer to production, with Emu Apple-1 producing about 14 barrels of oil a day without water and Major-4 preparations advancing. The company ended the quarter with A$1.415 million in cash after raising A$1.404 million, but reported funding of about 2.7 quarters at its current outgoings.

Investor Centre is pursuing a restructuring and potential ASX reinstatement after Pulse Markets lost its financial services licence, while the group reported $35,000 in cash and $3.213 million of drawn debt at 30 September. The company says a new Lake Volta funding arrangement could support working capital, but the filing leaves important questions about the facility and the proposed recapitalisation unanswered.

Maronan Metals has completed more than 15,000 metres of a 40,000-metre infill program and is preparing to accelerate work at its Queensland project with a proposed A$20 million placement. The funding remains subject to shareholder approval, while a new chief executive is due to take charge in November.

Northern Star has completed the crucial tie-in for KCGM’s expanded mill, but the integrated plant remains in the early stages of commissioning after a weaker September quarter. FY27 production and cost guidance is unchanged, while negative underlying free cash flow and a A$500 million debt draw add financial tension.

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.