Latest Mergers And Acquisitions News

Accent Resources has reinforced its Magnetite Range strategy after independent testwork produced up to 68% Fe concentrate using a dry processing route. The company also reported cash of A$5.505 million, a Norseman sale worth up to A$4.0 million and an 11,568-metre drilling campaign now underway.

Maverick Minerals has turned its expanded West Arunta portfolio into an active drilling campaign, but the September quarter left the explorer with A$1.503 million in cash and estimated funding for about two quarters. Pokali East assays expected in early 2027 could become the next major test of the strategy.

Austral Resources produced 1,457 tonnes of copper in the September quarter, 21% below the low end of guidance, after a crushing upgrade and sulphuric acid shortages disrupted Mt Kelly. The company expects output to recover late in the December quarter, but cash fell to $21.04 million by 30 October after major settlement and development payments.

Far East Gold’s cash position has tightened sharply, with only A$593,000 remaining after a September quarter of takeover costs and exploration spending. The company says it needs new funding while a board-control fight threatens to add further uncertainty.

Macro Metals lifted mining services work performed to approximately A$2.8 million in the September quarter as its first BHP Mt Goldsworthy package ran ahead of schedule. The operational progress comes alongside a thin A$392,000 quarter-end cash balance, followed by a proposed A$3.28 million funding package to accelerate Pilbara exploration.

KTEK Aerosystems has restarted deliveries under its main production program and is targeting 150 complete airframe sets per month. But the recovery is entering its most demanding phase, with A$2.31 million of quarterly operating cash outflow and only 1.1 quarters of funding under the ASX measure.

Somerset Minerals has completed its first drill campaign at Talisker in Nunavut, uncovering high-grade copper-silver mineralisation and extending the interpreted system across about 1.6km. The exploration result is encouraging, but the company ended September with A$1.057 million in cash and reported funding coverage of just 0.35 quarters at its recent spending rate.

Zuleika Gold will resume its exploration-led strategy after CZR Resources formally withdrew its all-scrip takeover offer. The company ended September debt-free with $42.1 million in cash and liquid assets, while assays and several drilling programmes remain ahead.

Alvo Minerals has expanded its Bluebush heavy rare earth project in Brazil, with new ground, encouraging clay intercepts and Florence drilling advancing toward a maiden resource. But quarter-end cash of A$227,000 covered only 0.28 quarters of reported outgoings before a subsequent A$1 million placement and option exercises.

Delorean’s flagship Salisbury bioenergy plant is 90% complete and now licensed to operate, while a proposed A$20 million Westpac facility could unlock its next major project. The catch is a quarterly operating cash outflow of A$2.52 million, leaving 2.52 quarters of funding on the company’s own calculation.

Felix Gold made substantial progress on its proposed Alaska antimony mine and US refinery during the September quarter, including 80 drill holes and pilot-scale production of cast antimony metal. The progress came at a cost: cash fell to A$1.267 million, equal to an estimated 0.1 quarters of funding on the quarter’s reported outgoings.

RareX has reported stronger Cummins Range recoveries, a preliminary 74-metre copper sulphide zone at Khaleesi and a submitted proposal for Kenya’s Mrima Hill project. The gains come with two important qualifications: Khaleesi assays remain outstanding and the company reported only 2.13 quarters of estimated funding at September-end.