♟️ Tuesday 22 September 2026 Tue, 22 Sept 2026

Michael Hill International has returned to profit growth and restored its dividend after a year of sharper execution, brand simplification and stronger cash generation. Record revenue and a 57% rise in comparable EBIT mark a meaningful recovery, although the reset remains unfinished.

Biome Australia Limited (ASX:BIO) delivered its second consecutive profitable year in FY26, with revenue rising 30% to $23.9 million and operating cash flow turning positive. But the headline $3.6 million profit includes a $2.4 million deferred tax benefit, leaving FY27 execution as the real test of the company’s growth plan.

Latrobe Magnesium has secured A$8.5 million in equity funding to complete its Latrobe Valley demonstration plant and advance a proposed South Carolina magnesium project. The raising gives the company near-term funding certainty, but also brings further dilution and leaves the larger US development dependent on future capital.

Solstice Minerals has emerged from FY2026 with a larger exploration story, a A$45.3 million liquidity base and drilling that extends Nanadie beyond its existing resource footprint. The company remains loss-making and pre-production, leaving future value tied to resource growth and exploration execution.

Narryer Metals is buying the Redhill Copper Project in southern Chile from 29Metals, gaining an existing 4.3Mt inferred resource and a much larger conceptual exploration target. The deal also brings a A$1 million strategic investment from 29Metals at a 54% premium to Narryer’s pre-announcement share price.

AngloGold Ashanti has exercised early an option to acquire specified Lake Carey tenements from Matsa Resources for a fixed A$55 million, although most of the consideration remains conditional. The deal arrives as Matsa refinances existing debt, manages an operational review and remains suspended from trading.

Bounty Oil & Gas NL (ASX:BUY) is pursuing a 2,322 km² deepwater exploration block offshore Liberia, backed by a $3.55 million placement and major vendor-linked securities. The opportunity remains conditional: the block has no executed production sharing contract, no independent resource estimate and has not yet been reviewed directly by Bounty.

Emerald Resources-backed Manda Resources has completed a suite of North Queensland asset acquisitions, lifting its combined global JORC gold resource to 1.33Moz. The vehicle has started drilling and appointed experienced explorer Tara French as CEO ahead of a proposed ASX listing later in 2026.

Microba shareholders would own about 67% of an enlarged Genetic Signatures under a proposed all-scrip merger valued at approximately A$51 million. The deal combines roughly A$29.6 million of FY2026 revenue and identifies up to A$3 million in potential annual cost synergies, but remains subject to a long list of approvals.

Five of nine diamond holes at Minrex's Barje deposit have returned the widest and highest-grade intersections drilled there, challenging the historical model of a low-grade central corridor. The results arrive ahead of a maiden JORC resource estimate planned for next quarter.

Iron Road’s largest shareholder has distributed its remaining 59.72% stake just as the company prepares to restart delayed nickel-copper-gold drilling at Irria. The transition also includes the November retirement of long-serving chief executive Larry Ingle, with no successor named.

Tungsten Mining has secured firm commitments for a $50 million placement at $0.32 a share, giving its Watershed tungsten project fresh funding as it moves toward a final investment decision. The raise comes at a discount to recent market prices and will also support the company’s broader project portfolio.

Magnum Mining has completed a 10,000-metre auger programme at its Piracanjuba North ionic adsorption clay rare earths project in Brazil, shifting its focus to a 32.5km² plateau zone. The company is targeting a maiden JORC 2012 Mineral Resource Estimate in November, but the project remains at an early exploration stage with no declared resource or reserve.

FFI Holdings lifted underlying pre-tax profit 6.8% to $4.62 million in FY2026, while food manufacturing delivered stronger earnings and operating cash flow rebounded sharply. The ASX-listed group now plans a $5.1 million factory and warehouse development in Cockburn, funded from existing resources.

Many Peaks Minerals has extended the tested vertical depth of gold mineralisation at its Ferké project by about 70%, with a deepest intercept returning 40.3 metres at 3.89g/t gold. The results support a planned resource update and preliminary assessment of underground mining, but remain exploration results outside the current resource.

Gold Hydrogen has advanced Ramsay drilling, testing and commercial studies, but its annual report carries a material uncertainty over the company’s ability to continue as a going concern. The pre-revenue explorer ended FY2026 with $9.42 million in cash after spending heavily on exploration.

Advance Metals has recorded its strongest silver assay yet at the Gavilanes Project in Mexico, with drilling also returning the project’s highest-grade zinc-lead interval. The mineralised system remains open at depth and to the southwest, while metallurgical work and further drilling target a maiden JORC resource in the December quarter of 2026.

Waratah Minerals has reported its strongest drilling result to date at the Spur Gold Discovery, with a deep hole returning 46 metres at 7.27 g/t gold. The result extends the Consols Zone and supports four high-grade footwall domains, although the project remains at an early exploration stage.

Rox Resources is pitching Youanmi as a fully funded, near-term gold producer while outlining an ambition to lift output beyond 150,000 ounces a year. The mine’s initial plan remains materially smaller, with first gold targeted for mid-2027 and average production of about 117,000 ounces a year.

Adavale Resources has lifted its Parkes Project gold inventory to 383,300 ounces, led by a 228% increase at London-Victoria after an 85-hole drilling campaign. The company is now moving from resource definition towards metallurgical testing and a Scoping Study, although no production decision or project economics has been disclosed.

Broken Hill Gold has completed the transfer of its North Queensland exploration portfolio to Manda Resources, setting up a separate vehicle for the assets and a potential in-specie share distribution to BH6 holders. The company will now concentrate on White Dam in South Australia, although shareholder approval and the final Manda IPO structure are still pending.

M3 Mining reduced its FY2026 loss and more than doubled cash after a $2.25 million placement, while exploration work at Edjudina produced priority gold targets. The improvement comes with an auditor-highlighted material uncertainty over the company’s ability to continue as a going concern.

Anax Metals has moved its Whim Creek copper-zinc project closer to a targeted investment decision, backed by strong feasibility economics and new drilling. But the annual report makes clear that development still depends on securing further funding, with the auditor warning of a material uncertainty over going concern.

Bellevue Gold delivered record FY26 production and free cash flow while cutting its hedge book by more than half. The next test is whether higher FY27 output and greater spot-price exposure can convert operational progress into materially stronger cash generation.