♟️ Monday 26 October 2026 Mon, 26 Oct 2026

Beforepay has opened FY27 with record quarterly revenue of A$16.5 million and Cash NPAT of A$5.7 million, while total advances reached A$264.7 million. The stronger result came alongside higher net bad debts and a new A$100 million funding facility that was only partly drawn at quarter-end.

Wiluna Mining has repaid its remaining approximately $40 million Byrnecut loan from IPO proceeds, leaving the gold developer with no secured debt or borrowings. The company now plans 220,000 metres of drilling over two years to support potential underground and open pit restarts.

BlueScope Steel has raised its 1H FY2027 underlying EBIT guidance to approaching $1.1 billion, well above its previous $860 million to $960 million range. Stronger US steel spreads are driving the upgrade, with Australian demand also exceeding expectations.

Ballard Mining has expanded its Mt Ida gold resource by 658,000 ounces to 1.84 million ounces and strengthened its funding position with a post-quarter-end equity raise of up to A$50 million. The pre-production developer is now moving from resource growth towards a feasibility study and maiden Ore Reserve targeted for mid-2027.

NEXTDC will search for a new chairman and independent director after acknowledging investor disappointment over the M3 Melbourne power delay and revised FY27 guidance. The company has also withdrawn proposed increases to director fees and the CEO’s FY27 incentive package.

Sarytogan Graphite has completed a 50,000-tonne-a-year upstream graphite DFS and extended copper porphyry exploration in Kazakhstan, but held only A$1.015 million in cash at quarter end. The company estimates that balance represents 0.88 quarters of funding at its recent spending rate, leaving project financing and potential capital raising firmly in focus.

Condor Energy has completed an independent development study for its 1 Tcf Piedra Redonda gas project and received formal qualification to negotiate a proposed offshore Peru licence. The company ended the September quarter with A$2.945 million in cash and estimated funding of 6.62 quarters.

Ramelius Resources has kept its FY27 production and cost targets intact despite wet-weather disruption at Penny, while advancing the infrastructure needed for a much larger Western Australian gold operation. The company ended September with A$768 million in cash and gold and secured an EPC contractor for its planned 3Mtpa Mt Magnet expansion.

Dynamic Metals is reshaping its Western Australian portfolio through two gold asset sales worth up to A$4.15 million, while fresh soil sampling at Widgiemooltha creates a near-term assay catalyst. The company ended September with A$1.568 million in cash, equivalent to an estimated 2.7 quarters of funding at the reported rate of outgoings.

Greatland Resources has formally started construction at Havieron after a strong opening quarter for FY27, producing 70,131 ounces of gold at an AISC of A$2,925 per ounce. The company ended September with A$1.314 billion in cash and no drawn debt while maintaining full-year production guidance.

Echo IQ’s FDA-cleared EchoSolv AS platform processed 9,697 full-result assessments in the September quarter, while the company ended the period with A$107.8 million in cash. The stronger balance sheet gives it room to pursue US enterprise deployments, but commercial conversion and the unresolved EchoSolv HF regulatory pathway remain the key tests.

Perpetual Resources has returned selective underground tungsten assays of up to 12.03% WO₃ at its Nevada Scheelite project, with eight of nine underground samples above 1%. The results are encouraging but do not yet establish grade continuity, mineralised widths or a resource.

Immutep’s FY2026 filing puts the full cost of the failed TACTI-004 Phase III trial on display: a larger loss, an impaired efti asset and a manufacturing investigation that remains unresolved. The company has A$68.9 million in cash and term deposits, which it forecasts will fund operations into the first half of calendar 2028 under current plans.

Elevra Lithium has completed the sale of its Ghanaian Ewoyaa project interest to Zhejiang Huayou Cobalt for US$71 million in cash before fees and taxes. The deal removes its development funding obligations and transfers its spodumene offtake rights, leaving the company more focused on its North American portfolio.

Carnavale Resources has completed a bankable feasibility study for its Kookynie Gold Project, outlining an 18-month open-pit operation with A$104 million in pre-tax free cash flow at a A$6,000/oz gold price. The project now has a maiden 35.6koz Ore Reserve, but still needs funding, approvals and a third-party processing deal before construction can begin.

Sheffield Resources reported record quarterly ore mining and lower unit costs at its 50%-owned Thunderbird mine, while zircon shipments nearly doubled and pricing improved. The operational gains arrive as lenders consider a standstill that could defer Kimberley Mineral Sands’ debt obligations until June 2027, but no agreement is guaranteed.

Revolver Resources has secured a A$3 million bridge facility to fund the next stage of early works at its Dianne Copper Mine Project. The funding removes an immediate development hurdle, but the larger financing package needed for construction remains unfinished.

White Cliff Minerals has intersected high-grade copper beneath a spectacular historic surface trench at Bornite Hills, adding a second exploration front to its Rae Copper Project. The early results are encouraging, but the geometry and true thickness of the mineralisation remain unresolved.

Everest Metals’ Mt Edon project has been selected as Australia’s representative site in a five-year German-funded exploration program and accepted into the European Union’s Raw Materials Mechanism. The recognition may improve access to technical expertise, strategic partners and potential financing, although no funding, offtake or development commitment was announced.

Mamba Exploration has secured approvals for a maiden 6,000m RC drilling programme at Meeka East, while historical data supports a 3km copper corridor between Copper Hills and Lady Alma. A post-quarter $6.0 million placement leaves the explorer funded for its next phase, subject to the remaining tranche and exploration execution.

Cannindah Resources has increased the Cannindah Breccia Mineral Resource by 37% to 23.2 million tonnes, while new drilling and coarse-particle flotation results strengthen the case for further work at Mt Cannindah. The company ended September with A$10.86 million in cash and assays pending from 14 holes.

Havilah Resources has swung to a $77.2 million FY2026 profit after securing the Kalkaroo transaction with Sandfire, but the result is dominated by deal accounting rather than mining revenue. The South Australian explorer ended the year with $40.9 million in cash and almost $100 million in listed investments.

Austin Metals has sharpened its gold targets at Brunswick Hill and Mt Sandy after completing 4,215 metres of reverse circulation drilling, including a standout 12-metre intersection at 1.67 g/t gold. The exploration progress comes with a near-term funding question, as the company ended September with $1.091 million in cash and estimated funding of 1.11 quarters.