♟️ Tuesday 27 October 2026 Tue, 27 Oct 2026

Reach Resources has identified shallow, higher-grade gold zones in grade control drilling at the proposed NW Pit, including 2 metres at 24.6 g/t Au within a broader 7-metre interval grading 7.5 g/t Au. The results largely support the existing resource model while pointing to additional grade and width that could influence mine scheduling.

IDP Education has reaffirmed FY27 Adjusted EBIT guidance of A$95 million to A$115 million after using cost control, stronger yields and cash generation to cushion another sharp fall in international student volumes. The AGM also disclosed that the board had rejected an unsolicited acquisition proposal and had completed about A$11 million of a planned A$50 million buyback.

Range International sharply reduced its quarterly cash outflow while lifting pallet volumes and building a larger rental fleet. But the next phase still depends on a partly subscribed entitlement offer, external funding and several customer opportunities that remain indicative.

West Wits Mining has nearly tripled monthly underground development at Qala Shallows and says the project remains funded through to steady-state production. Stoping is scheduled to begin in February 2027, while surface infrastructure has reached 61% completion.

The Star Entertainment returned to positive quarterly EBITDA in Q1 FY27, with Sydney and Gold Coast revenue recording year-on-year growth for the first time since quarterly reporting began. The improvement comes alongside negative reported operating cash flow, continuing casino licence restrictions and unresolved going-concern uncertainties.

Locksley Resources is redirecting its exploration effort towards a district-scale copper-gold strategy in New South Wales, backed by A$13.383 million in cash. The company has also abandoned further investment in its Rice University antimony technology after concluding the commercial case was too uncertain.

Pure Foods Tasmania has reported a deeper FY26 loss, negative cash and a material uncertainty over its ability to continue as a going concern. The company says existing facilities may be insufficient from February 2027, with further equity funding uncommitted and a second bank covenant breach possible.

Omni Bridgeway reported A$135.8 million of proceeds from 20 investment completions in the September quarter, generating a 3.9x MOIC. Management fees rose 24% and Funds 4/5 Series II reached its full US$1 billion target, giving the legal finance manager a strong opening quarter.

Centuria Capital Group delivered record assets under management and double-digit operating earnings growth in FY26, while setting a 14% operating profit growth target for FY27. The next test is whether ResetData can convert its expanding AI infrastructure pipeline into revenue without diluting the strength of the property platform.

Connected Minerals says historical drilling at its Bailundo project in Angola has identified broad niobium and rare earth mineralisation, including 205.5 metres at 1.0% Nb₂O₅ and 227.3 metres at 2.0% TREO. The company also has roughly 1,534 metres of historical core left to assess, but the results are not yet a mineral resource.

L1 Global Long Short Fund has completed its entitlement offer, shortfall offers and institutional placement, raising the maximum A$565.4 million available. The capital will be invested under the L1 Global Long Short Strategy, with 321.2 million new shares due to begin trading next week.

Kingsrose Mining has cleared a major Finnish permitting hurdle that supports a targeted January 2027 drilling campaign at Penikat, although appeals remain possible until 20 November. The explorer also reported A$16.7 million in cash, late-year Finnmark assays and ongoing efforts to secure a funding partner for its Norwegian portfolio.

Lincoln Minerals says air core drilling has confirmed that mineralisation at Eagle Ridge continues up dip, strengthening the case for a targeted diamond drilling program at Minbrie in the December quarter. The explorer ended September with A$3.085 million in cash after receiving A$2.1 million from equity issues.

Stanmore Resources has declared a fully franked interim dividend of 2.2 US cents per share after a strong third quarter cut net debt by US$53 million. Record South Walker Creek production, higher coal prices and progress on the US$105 million Moranbah South acquisition strengthened the company’s position heading into the final quarter.

Barton Gold has delivered more high-grade Tunkillia drilling, cleared an environmental approvals milestone and advanced feasibility work across its South Australian portfolio. The trade-off is a quarterly cash outflow of A$8.5 million, leaving 2.73 quarters of funding on the Appendix 5B calculation.

SCX.ai has reported positive operating cash flow in its first quarter as an ASX-listed company, alongside a 54% increase in annualised recurring revenue since its prospectus. The sovereign AI infrastructure provider also has more than 100 commercial customers and $23.9 million in cash, but its next test is converting new capacity and partnerships into durable revenue.

Almasar Minerals ended its first post-listing quarter with A$10.24 million in cash and a pipeline of geophysical surveys and auger drilling across its Saudi Arabian licences. The company has yet to report new exploration results, leaving execution and target quality as the next tests for the newly listed explorer.

Black Horse Mining has uncovered a previously unrecorded underground crosscut at Mt Egerton, where face samples returned more than 10 grams per tonne of gold over two narrow intervals. The discovery comes as a silenced drill rig begins testing the project, with A$4.41 million in cash supporting an estimated 5.46 quarters of funding.

Minerals 260 has strengthened the funding and development position of its Bullabulling gold project, reporting approximately A$600 million of pro forma cash and a definitive feasibility study still targeted for Q1 2027. The company has also completed initial grade-control drilling, expanded its mining tenure and advanced village and water infrastructure.

Fitzroy River has sold the Silver Mines shares received in its Bowdens royalty transaction, taking total realised proceeds to A$15.7 million before costs. The company says surplus proceeds will be distributed to shareholders, but has not yet disclosed the amount or timing.

Carnaby Resources shareholders have approved Evolution Mining’s proposed scrip acquisition, leaving Court approval as the key remaining hurdle. The September quarter also delivered a 10% increase in Greater Duchess resources, although Carnaby ended the period with $6.4 million in unrestricted cash.

Polymetals Resources fell short of its September production plan as ventilation work and a switch to contract mining disrupted Endeavor Mine operations. The company is betting on the Upper Main Lode and higher December-quarter throughput to restore momentum, but unrestricted cash fell to A$7.4 million after the rehabilitation bond exchange.

Amotiv has cut its FY27 revenue and underlying EBITA outlook by up to 5% after first-quarter revenue fell 5% on weaker vehicle demand and Thailand flooding. The ASX-listed automotive parts group will nevertheless launch another buyback of up to 5% of its shares, betting its depressed valuation will recover.

Plenti has exceeded its FY27 lending run-rate target early, reporting record quarterly originations of $613 million and an expanded loan portfolio of $3.5 billion. Growth accelerated across renewable energy and personal lending, although higher funding costs and a small rise in credit losses remain important watchpoints.