Latest Listings And Ipos News

Strike Resources has completed new exploration work at its Apurímac iron ore project, but its proposed A$5.5 million minority stake sale remains subject to conditions and has no confirmed completion date. The company ended September with A$877,000 in cash and estimated funding for about two quarters.

Pure Resources has moved its Garnet Hills strategy from concept towards laboratory validation, with heavy rare earths recovered into solution, CNTF fabrics manufactured in-house and garnet meeting key abrasive standards. The milestones remain early-stage, with no quantified rare earth recovery or commercial revenue reported.

PARKD has secured two early-stage contracts, added Symal as its exclusive partner in Victoria and South Australia, and lifted pro forma cash to about A$850,000 through a strategic placement. The progress comes against a sharp liquidity squeeze, with just A$53,000 in cash at 30 September and funding equivalent to 0.21 quarters before the raise.

Renascor Resources has produced battery-grade purified spherical graphite at 99.97% carbon purity from its Adelaide demonstration facility, strengthening technical validation of its HF-free process. The result came from third-party material, leaving Siviour graphite trials, customer qualification and project financing as the next tests.

Desert Metals has agreed to sell its 80% stake in Tengrela South to Waraba Gold for up to A$5 million, giving the cash-poor explorer a potential non-dilutive funding bridge. The company will redirect its focus to drilling the undrilled Nyan gold corridor and exploring new Agboville permits in Côte d’Ivoire.

Eastern Gas has completed its Venus-2H horizontal appraisal well with 445 metres of interpreted coal contact, but the result now faces a more immediate test: whether the company can fund flow testing with only A$654,000 in cash. Gas deliverability remains unproven, while a proposed A$10 million R&D-backed facility is yet to be finalised.

Fulcrum Lithium has delivered a 10.7 million tonne lithium carbonate equivalent resource at Alkali Flats, while advancing acid-free extraction tests and securing approval to drill Dry Canyon. The progress comes with only A$875,000 in cash and no stated plan to raise more funds.

Western Mines Group has completed its latest Mulga Tank drilling campaign and reported a 2,647Mt mineral resource containing 7.2Mt of nickel. The exploration milestone is significant, but the company’s reported cash covers less than half a quarter of recent outgoings.

Norfolk Metals has extended the deadline for its proposed Ciclón copper acquisition to 31 December and reduced the minimum capital raising requirement to A$75 million. The deal remains dependent on funding, ASX reinstatement and other conditions, while the company reported just $155,000 in quarter-end cash before drawing a related-party loan.

Earth’s Energy has completed its exit from its geothermal joint venture, but has yet to identify a replacement asset capable of supporting a return to the ASX board. The company ended September with A$1.613 million in cash and its securities still suspended.

Zelira Therapeutics has only A$47,000 in cash after a quarterly operating outflow of A$56,000, while the proposed US$32.98 million HOPE 1 fundraising remains unclosed. The company says the funds are needed for an FDA application and Phase 1 trial, as its ASX quotation suspension continues.

Carnaby Resources’ acquisition by Evolution Mining has become legally effective after court approval orders were lodged with ASIC. Trading suspension is expected from the close of 30 October, with implementation and ASX delisting scheduled for November.