♟️ Thursday 22 October 2026 Thu, 22 Oct 2026

Eagle Mountain Mining has emerged from FY2026 with no borrowings, a A$7.27 million accounting profit and a funded 20% interest in its Oracle Ridge copper project. The next test is whether Nittetsu’s drilling and earn-in spending can add value to an asset whose mineral resource has not changed since 2023.

Energy Resources of Australia has pushed back its critical Pit 3 capping schedule by about 14 months and flagged a potential A$25 million to A$95 million increase in Ranger rehabilitation costs. The warning comes as ERA burns A$62.3 million in quarterly operating cash and awaits a November appeal hearing over Rio Tinto’s compulsory acquisition.

Strike Resources swung to an $8.58 million FY2026 profit, largely through its stake in LE Minerals rather than iron ore operations. The company is also relying on a conditional Apurimac sale for cash while withdrawing its previously reported mineral resource estimate.

Bentley Capital returned to profit in FY2026 after receiving $300,000 from legal-cost and deposit settlements. The result lifted net tangible assets, but the listed investment company remains heavily dependent on Strike Resources and has limited cash relative to its liabilities.

RAM Essential Services Property Fund has completed the $218.6 million sale of five retail assets, with proceeds earmarked for debt repayment. The settlement advances REP’s healthcare-focused strategy while leaving refinancing and capital management decisions as the next major tests.

Energy World has completed a major delivery milestone in its US$350 million turbine sale, receiving US$50 million and securing a further US$265 million in escrow. Most of the remaining proceeds still depend on inspection, refurbishment costs and final completion in early 2027.

MLG Oz delivered a stronger earnings year, with statutory NPAT rising 19.2% and underlying EBITDA margin expanding to 13.4%. The mining services group has resumed dividends while taking on higher fleet investment and debt ahead of FY2027.

Bulletin Resources has shifted its exploration focus further towards Lake Rebecca after reporting a $569,632 loss for the year, with Chifley drilling pointing to a possible concealed gold source but stopping well short of a discovery. The company ended June with $13.5 million in cash and listed investments, although its exploration portfolio still carries permitting and funding risks.

Jatcorp’s revenue rose 23% to $38.9 million in FY2026, but weaker margins, negative operating cash flow and a material going-concern uncertainty leave the nutritional products maker’s recovery unfinished. The company ended the year with $5.6 million in cash after a $4.2 million entitlement offer, while Neurio trademark litigation in China remains unresolved.

European Lithium has completed the shareholder and optionholder meetings on Critical Metals Corp.’s proposed acquisition, but the verified poll results were not included in the announcement. Proxy votes showed overwhelming support for both schemes, leaving Court approval and final conditions as the next hurdles.

Energy Technologies has outlined two signed commercial arrangements for its Cogenic laser display technology, including a SYNCH purchasing framework worth up to US$10 million and a 5% royalty licence with Amalgamated Vision. The opportunity is meaningful, but the SYNCH arrangement carries no minimum order commitment and still depends on product specifications, acceptance and purchase orders.

Starpharma has submitted its European trial application for DEP HER2-Lu and completed manufacture of clinical material, bringing its lead radiopharmaceutical closer to first patient dosing. The biotech also took control of Petalion, collected a Radiopharm option fee and finished the quarter with AUD $34.4 million in cash.

Aeris Resources has more than tripled the Golden Plateau mineral resource at its Cracow operation to 200,000 ounces of contained gold, supported by new drilling and a revised geological model. The deposit is not yet an Ore Reserve, but Aeris has begun mine design and permitting work around a potential open-pit and underground development.

Racura Oncology says both Phase 1 RC220 programs have cleared their opening dose cohorts without dose-limiting toxicities, while its Korean expansion broadens the CPACS trial. The company ended September with $30.7 million in cash, which management says funds committed activities into mid-2028.

NOVONIX has made a second US$7 million amortisation payment under its convertible debenture funding agreement with Yorkville affiliate YA II PN, Ltd. The payment reduces the amount outstanding to US$21 million, but further cash demands may follow if the company’s share price remains below A$0.12.

Nickel Industries delivered US$125.9 million of adjusted EBITDA in the September quarter, led by a second consecutive record from the Hengjaya Mine. Its new ENC HPAL project reached 50% of nameplate capacity, but severe dry conditions delayed the next step: commercial sales.

Power Minerals has extended rare earth oxide mineralisation to 242 metres downhole at Morro do Ferro, including a 2-metre zone grading 6.88% TREO. The result adds two deeper high-grade targets to the Brazilian project’s resource-definition campaign, although their true geometry and economic significance remain unproven.

Manuka Resources has received A$1.64 million from a Wonawinta shipment that yielded 267 ounces of gold and 453 ounces of silver. Weekly deliveries are now planned, while the company prepares to add silver processing in early 2027.

Australian Oil has moved its Surat Basin restart strategy closer to production, with Emu Apple-1 producing about 14 barrels of oil a day without water and Major-4 preparations advancing. The company ended the quarter with A$1.415 million in cash after raising A$1.404 million, but reported funding of about 2.7 quarters at its current outgoings.

Santos has reached the production and cash-flow inflection point it promised, posting record third-quarter output and approximately US$1.069 billion in free cash flow from operations. But Pikka’s commissioning interruptions have narrowed full-year guidance just as the company takes on more Papua LNG exposure.

Scott Technology delivered record FY26 revenue and operating EBITDA, lifted its full-year dividend to 9 cents per share and issued FY27 guidance for further growth. The harder question is whether a lighter forward-work balance and higher investment can support the next phase of its Destination 2030 plan.

Tivan Limited (ASX:TVN) is moving several projects towards major technical and financing milestones, including a proposed $50 million Molyhil joint venture and maiden drilling in Timor-Leste. The company ended September with $19.925 million in cash, equivalent to about 2.3 quarters of funding at the quarter’s reported spending rate.

BOA Resources has secured firm commitments for a $9.245 million placement to fund the next phase of exploration across its 100%-owned Neds Creek copper project in Western Australia. The raise comes as high-grade Ricci Lee results build momentum, with further assays from 104 holes still pending.

Tambourah Metals has reported high-grade gold at Baxters Sth, including a fresh-rock intersection of 3 metres at 35.5 g/t, while opening a $2.2 million entitlement offer to fund its exploration program. The results are encouraging, but the mineralisation remains an early-stage discovery with continuity and orientation yet to be established.