♟️ Wednesday 28 October 2026 Wed, 28 Oct 2026

VBX has raised $4.5 million to advance its Wuudagu bauxite project, while extending the definitive feasibility study into the first quarter of 2027. The company is also assessing preliminary development funding proposals after terminating an indicative thyssenkrupp term sheet to preserve strategic flexibility.

Aurora Labs has secured $6 million to expand production of its additively manufactured turbojet systems, with Walkinshaw Group joining the placement as a strategic investor. The raise will fund equipment, production infrastructure and the company’s push from early deliveries towards scaled commercial manufacturing.

First Au has spent the September quarter assembling a broader Western Australian gold portfolio, completing Riverina East, advancing First Hit drilling and pursuing a recommended takeover of Javelin Minerals. The expansion comes with $1.4 million in cash, multiple conditional transactions and assay results still pending.

4DMedical reported a record first quarter, with scan volumes up 61% to 119,672 and unaudited operating revenue rising 66% to $2.3 million. New contracts across the US, Germany and Australia broaden the commercial story, while $242.8 million in cash gives the company room to keep investing.

Aurum Resources has expanded its Boundiali Mineral Resource by 19% to 3.84Moz, with Indicated Resources rising 37% to 2.33Moz after infill drilling. The Ore Reserve remains unchanged for now, leaving the late-2026 DFS and mining licence approvals as the next major tests.

Globe Metals & Mining Limited (ASX:GBE) has begun early mining at its Kanyika niobium and tantalum project in Malawi, moving from site preparation to physical excavation. The milestone comes with only 1.1 quarters of reported funding and a potential requirement for substantial additional capital.

Perpetual Resources has expanded its Nevada Scheelite tungsten project more than 15-fold and reported selective underground samples grading up to 12.03% WO₃. The exploration momentum comes with a sharper funding question, with A$1.639 million in cash and an estimated 2.37 quarters of funding at 30 September.

Archer Materials has moved its IonQ relationship into early commercial activity and advanced its Biochip towards external testing, but its graphene spin qubit demonstration is taking longer than expected. The company ended September with $A13.0 million in cash and an estimated 4.68 quarters of funding at its quarterly operating burn.

Peako has completed its Saudi Arabian gold portfolio acquisition and identified multiple high-grade surface targets ahead of a maiden RC drilling campaign expected to begin in November. The results are encouraging exploration signals, but remain rock-chip and historical drilling data rather than a mineral resource.

Bubalus Resources has secured firm commitments for a $3.0 million placement to fund the proposed Skyline Copper-Gold Project acquisition, initial exploration and working capital. The transaction remains conditional, with a substantial portion of the placement and the acquisition still requiring shareholder approval.

Pilbara Gold’s latest drilling has extended broad gold mineralisation as much as 200 metres below parts of its 2.1Moz Mt York resource, strengthening the case for an updated estimate ahead of a prefeasibility study. Roe Hills has also produced wide, high-grade hits, but both growth stories still depend on further drilling, assays and resource modelling.

WhiteRock Lithium has confirmed broad, high-grade lithium mineralisation in the first 17 holes from its completed Spodumene Mountain drilling program, extending the interpreted pegmatite system to about 1.4km. The results strengthen the case for a maiden Mineral Resource Estimate, but further assays and geological modelling are still required.

White Cliff Minerals has expanded copper mineralisation at Danvers to 4.75km, added a new Bornite Hills discovery and secured A$8.77 million from Hancock Prospecting. The funding improves the immediate exploration position, but the project remains at the drilling and assay stage.

Saturn Metals has secured the key mining lease for its 2.83Moz Apollo Hill project, lodged its environmental review and kept its definitive feasibility study on track for the December quarter. The company ended September with $110.7 million in cash, although a further $39.79 million placement tranche remains subject to FIRB approval.

Conrad Asia Energy has moved the US$320 million Mako gas project into full-scale fabrication after completing its 75% farm-down to Nations and securing a domestic gas sales route into Batam. The project remains fully funded, with first gas targeted for the fourth quarter of 2027, although Conrad’s cash position remains modest and further carry-loan drawdowns are expected.

Equatorial Resources is awaiting a final ICSID ruling on its Congo iron ore dispute, with a decision indicatively possible in the first half of 2027. The company also remains unable to confirm the status of its Guinea permits, while holding A$6.8 million in cash.

Encounter Resources has reported thick, high-grade niobium intersections at Green and deeper mineralisation at Emily, while gold anomalism has emerged within niobium-bearing carbonatites. The gold opportunity remains preliminary, with re-assays and mineralogical work now underway to test whether it could become a co-product.

Electrovaya will invest approximately A$2.0 million in Janus Electric through a proposed placement, while Janus has placed initial battery orders worth about A$37.5 million for its North American truck programme. The investment remains subject to completion conditions, and the battery orders depend on agreed delivery schedules.

South Port has entered FY27 with record full-year earnings behind it and first-quarter cargo volumes still rising, while a new chair takes over during a fresh investment cycle. The port is also preparing to add staff and potentially replace major equipment as regional development opportunities build.

SHAPE Australia has lifted FY27 project wins above $1.4 billion after securing an approximately $800 million DigiCo data centre contract, with the project expected to add about $200 million of revenue in each of FY27 and FY28. The award comes alongside stronger modular revenue, a new Western Australian facility and a quarter-end backlog up 21%.

Barton Gold has more than doubled the reported Challenger underground resource to 230koz of gold at 3.65 g/t, lifting its combined Challenger and Tarcoola resource base to about 400koz. The upgrade strengthens the case for a restart built around the permitted Central Gawler Mill, although most of the new underground ounces remain Inferred and are not Ore Reserves.

SciDev has secured approximately $8 million of committed MaxiFlox chemistry contracts across mining, utilities and infrastructure, with about $5 million expected to be recognised in FY27. The awards could reach $12 million if customer extension options are exercised, although those options are not guaranteed.

Latrobe Magnesium has completed its fully underwritten $3.4 million entitlement offer, with sub-underwriters absorbing roughly 91% of the available shares. The company says the funding carries its Victorian demonstration plant through to targeted first magnesium production by the end of 2026.

Metals X finished the September quarter with A$434.87 million in cash, but Renison production and recovery fell while unit costs rose. The Rentails project’s engineering completion and final investment decision have also moved into the first half of calendar 2027.