Latest Strategy Changes News

Western Gold Resources has signed a 30-month ore purchase agreement with Forrestania Resources covering up to 1.1 million tonnes from its Gold Duke Project. The deal opens a potential path to production and cash flow, but haulage costs, plant availability and an updated mine plan still need to be resolved.

Sarama Resources posted a US$2.27 million nine-month profit after selling its Western Australian gold projects, but the gain was largely accounting-based and management says further funding is required. Cash stood at US$619,667 as the company advances a US$245.3 million Burkina Faso arbitration claim.

US Masters Residential is now debt free after repaying its remaining Global Atlantic facility, leaving future property sale proceeds available for security holders after reserves and operating costs. The group sold 38 properties in the September quarter and expects only a small asset stub to remain at year-end.

Creditors have approved Matsa Resources’ proposed Deed of Company Arrangement for its two wholly owned subsidiaries, clearing a major restructuring hurdle. Formal execution, outstanding conditions and court proceedings still stand between approval and the return of control to Matsa-nominated directors.

PMET Resources enters the next stage of its Shaakichiuwaanaan project with C$168.9 million in cash, an 83.0 million-tonne probable lithium-tantalum reserve and a planned lithium-caesium-tantalum PEA. The six-month accounts also show rising project expenditure, no operating revenue and continued reliance on financing.

DPM Metals reported US$610.1 million of nine-month free cash flow and expects to finish 2026 at the high end of production guidance. But the Vareš mine’s legal foundation remains under review in Bosnia and Herzegovina, creating a sharp contrast between operational momentum and regulatory risk.

Talonx Resources has launched a non-underwritten share purchase plan targeting up to A$1 million from eligible Australian and New Zealand shareholders at A$0.005 a share. The funds are earmarked for expanded copper and base-metals exploration in Botswana, further gold drilling in Western Australia and working capital.

Carma has reaffirmed its target for FY27 revenue growth above 80% and says it expects to reach positive EBITDA before the end of calendar 2027. The online used-car retailer is relying on record early trading, AI-led productivity gains and a second reconditioning shift to close the gap between scale and profitability.

Centrepoint Alliance has used its annual meeting presentation to outline the next stage of growth after normalised EBITDA rose 16% to $12.3 million in FY26. Salaried advice, IconiQ platform flows and in-house artificial intelligence now sit at the centre of the expansion plan.

Wide Open Agriculture has secured a $1 million placement to fund manufacturing trials, commercial development and working capital as it targets a return to lupin ingredient production in Q2 2027. The raise strengthens its cash position, but production still depends on selecting a partner and completing technical validation.

Big River Industries has agreed to a $1.62-a-share cash scheme with CTL, valuing its equity at approximately $156 million and securing support from shareholders controlling 59.5% of the register. The deal remains conditional on ACCC, Court, independent expert and shareholder approvals, with completion targeted for early 2027.

Kincora Copper has used a US$10 million Mongolian asset sale and AngloGold Ashanti-backed exploration to broaden its New South Wales copper-gold portfolio. The quarter ended with approximately A$13 million in cash, but the unaudited accounts still flag material uncertainty over ongoing funding.