♟️ Wednesday 7 October 2026 Wed, 7 Oct 2026

Axel REE is moving its Caladão rare earths project into the next technical test: exploratory in-situ recovery work at the Woolrich deposit. The company says bench-scale testing has recovered up to 560ppm soluble TREO, but field performance, groundwater behaviour and project economics remain unproven.

West Wits Mining has received a second R236 million senior debt drawdown, taking total funding received for Qala Shallows to R575 million and supporting its claim that the project is funded through steady-state production. Underground development is accelerating, with stoping scheduled to begin in February 2027 and annual recovered gold targeted at 70,000 ounces by early 2029.

SKS Technologies’ Jinks family has sold 10 million shares in an on-market crossing, but will retain about 21% of the company and says no further sales are planned for the foreseeable future. The company also reaffirmed FY27 expectations of approximately $500 million in revenue and $60 million in PBT.

Zenith Minerals’ contested Forrestania takeover has drawn another Takeovers Panel application, this time challenging the board’s rejection of Aurenne’s proposed $5 million funding. The applicant alleges the decision was made without properly testing the proposal and involved directors whose performance rights could benefit from the bid proceeding.

FBR has secured the remaining A$1.846 million of its A$4 million capital raising through a subscription with Alpine Capital, giving the robotics developer funding for Mantis testing, Hadrian deployment, debt repayment and working capital. The deal also brings further potential dilution through options and ends the company’s previous underwriting arrangement.

Kalamazoo Resources has secured A$10 million from a Saudi-led strategic investor and existing shareholder YT International at a 29% premium to its last close. The funding gives the Ashburton Gold Project more room to advance drilling, feasibility work and the Xanadu prospect evaluation.

QMines has returned its first modern assay results from beneath the flooded Mt Chalmers pit, with two pontoon holes grading nearly 20% above the existing resource model. A high-grade polymetallic lens and 37 pending assays give the drilling campaign a substantial next phase.

Anson Resources has raised Green River’s modelled post-tax NPV8 to approximately US$1.046 billion after incorporating two conditional Utah incentives. The uplift leaves the project’s US$569 million capital estimate and lithium-price assumption unchanged, but the benefits remain tied to construction, performance and financing milestones.

TerraCom’s audited FY2026 results turned a previously reported A$45.6 million loss into a A$155.5 million statutory loss after A$103.5 million of non-cash impairments. The auditor highlighted material uncertainty over the company’s ability to continue as a going concern as Blair Athol remains below plan and new funding is not yet fully secured.

ION Video has issued 7.63 million shares and 3.81 million options under its September placement, with the options exercisable at $1.00 until September 2027. Directors are also seeking approval for a further 3 million shares and 1.5 million options.

Aurum Resources has confirmed that the Boundiali assay information was market-sensitive, while defending the timing and validity of a cleansing notice issued before the results were released. ASX has not indicated whether it accepts the company’s explanation.

Renascor has produced battery-grade purified spherical graphite at demonstration scale, achieving 99.97% carbon purity through its hydrofluoric acid-free process. The result strengthens the commercialisation case, but Siviour graphite trials, customer qualification and project financing are still ahead.

Kingsgate Consolidated has converted a full year of Chatree mining into record financial results, with revenue up 77% and net profit reaching A$277.9 million. The balance sheet is stronger, dividends have returned and Nueva Esperanza is moving towards a feasibility decision, but higher waste movement and project execution now replace the turnaround story.

BOA Resources has extended a run of strong copper results at Ricci Lee, with high-grade intersections in 20 of 23 RC holes reported so far. The results support continuity in the Main Lode and point to a second Hanging-Wall Lode, while another 23 RC assays remain pending.

EcoGraf has completed a A$4.727 million capital raising to support debt financing and development work at its Epanko graphite project in Tanzania. The raise combines a shareholder-backed SPP with a discounted placement to institutional and sophisticated investors.

Stakk has won a minimum two-year agreement to provide AI-powered cheque-processing and fraud-mitigation technology to Step, the US fintech platform owned by MrBeast’s Beast Industries. The contract went live on signing, but its value remains undisclosed because revenue will depend on processing volumes.

Barton Gold has completed its 38,760-metre Phase 2 drilling program at Tunkillia with a series of broad, high-grade gold intersections across planned starter pits. The results now feed into an updated gold Resource, followed by a silver update and pre-feasibility study targeted for the first quarter of 2027.

Southern Cross Gold’s latest infill drilling at Sunday Creek has delivered some of its strongest composite intersections, including 2.7 metres at 178.4 g/t gold and 6.8 metres at 49.8 g/t gold. The tighter drilling also extended Golden Dyke west towards Christina and uncovered four vein sets outside the current Exploration Target.

hipages Group delivered stronger FY26 cash generation, expanded into insurance and set higher targets for revenue, margins and free cash flow in FY27. The headline profit surge was substantially helped by an $8.9 million deferred tax benefit, making cash flow and platform adoption the more useful measures of progress.

NewPeak Metals has confirmed two more than 650-metre polymetallic intercepts at Las Opeñas in Argentina, with gold grades increasing towards an untested southwestern target. Phase 2 drilling is due to begin in mid-October, although the explorer reported only 0.81 quarters of funding at its current expenditure rate.

Redox enters FY27 from a position of record revenue, higher margins and a debt-free balance sheet, while its North American business passes $100 million in sales. The chemical distributor also reported 9% higher average selling prices in the first quarter, although volumes remained broadly flat and freight costs increased.

Sigma Lithium says a Federal Court of Appeals decision has restored the environmental licences supporting its Grota do Cirilo operation, allowing mining and processing to resume. The company has also reaffirmed its target of reaching 330,000 tonnes of annualised lithium oxide concentrate production by year-end 2027.

Sea Forest has signed Teys Australia as the potential exclusive distributor of SeaFeed across the Australian and New Zealand beef industries, targeting at least 480,000 cattle by June 2027. The agreement materially expands the herd covered by arrangements, but pricing, revenue and the volume commitment remain unresolved.

High-Tech Metals has installed a new leadership team and arranged an 11.9% share crossing as it shifts focus from exploration to production at its Western Australian gold projects. The strategy is backed by approximately A$9 million in cash, but still depends on studies, approvals and shareholder decisions.