♟️ Wednesday 28 October 2026 Wed, 28 Oct 2026

Iluka Resources delivered higher contracted zircon pricing and reduced mineral sands net debt in the September quarter, while the Eneabba rare earths refinery reached 65% construction completion. The update also showed the execution risks still attached to Balranald and a prolonged shutdown of synthetic rutile capacity.

Alice Queen has reported a 68.0g/t gold interval from its Horn Island drilling, alongside broader high-grade zones inside the existing resource and mineralisation beyond its boundary. Nine assays remain pending, leaving the scale and continuity of the potential extension unresolved.

Nova Minerals has secured the final approvals needed to build and operate its integrated Alaska antimony project, removing a major regulatory hurdle ahead of targeted 2027 production. The US$43.4 million Phase 1 program is funded and equipped, but the company has not yet disclosed production volumes, costs or a detailed construction schedule.

PT ANTAM (Persero) Tbk (ASX:ATM, IDX:ANTM) delivered stronger nine-month 2026 operating volumes across gold, ferronickel, bauxite and alumina, while advancing Indonesia’s battery and mineral-processing agenda. The unaudited report also details Rp5.05 trillion in dividends, but provides no nine-month revenue or profit figures.

Zenith Minerals has identified gold in 20 of 24 Dulcie Central holes, opening the possibility of a maiden resource in a corridor outside its existing 675,000-ounce estimate. At the same time, Forrestania’s unconditional takeover offer has reached a 61.42% relevant interest in Zenith.

Norwood Systems reported A$808,000 in September-quarter customer receipts and positive operating cash flow, but ended the period with only A$14,000 in cash. Its UK and US Tier-1 opportunities advanced towards commercial decisions without yet becoming production contracts.

Lunnon Metals has completed its first open pit broadly in line with feasibility expectations, lifting cash to $43 million and generating about $39 million in pre-tax free cash flow. The ASX-listed miner now faces a more speculative phase as it spends $13 million testing gold targets and weighs a possible return to nickel.

Deep Yellow has pushed back its targeted fourth-quarter Final Investment Decision for the Tumas uranium project, citing unfavourable equity market conditions. The delay comes as engineering reaches 85%, construction works begin and cash falls to A$144.7 million.

Forrestania Resources has completed its Edna May acquisition, raised approximately $310 million and secured a 62.04% relevant interest in Zenith Minerals. The company is now moving from development toward first processing at Edna May in the December quarter, while Lake Johnston refurbishment continues.

Many Peaks Minerals has extended the tested depth of its Ouarigue gold system beyond 900 metres, with a post-quarter hole returning 188.9 metres at 3.58g/t gold. The results will feed an updated resource estimate and a combined open-pit and underground assessment, while the company’s A$20.1 million cash balance supports the next phase of work.

Gulf Stream Energy ended the September quarter with just A$234,000 in cash after A$2.893 million of operating outflows, leaving an estimated 0.1 quarters of funding. The company says capital-raising activity has commenced after significant spending on the Zydeco-1 well.

Yari Resources has completed the Arcadia acquisition, lifting its combined reported Queensland coal resources to 504.9Mt and materially increasing its Indicated inventory. The enlarged portfolio brings product flexibility and infrastructure access, but also leaves Yari with technical work, contingent obligations and roughly two quarters of cash funding.

RLF AgTech improved margins and cut its quarterly loss sharply, even as revenue fell 18%. The more pressing issue is cash: operating outflow more than doubled to $3.6 million, leaving the fertiliser group with an estimated 1.8 quarters of funding.

Antipa Minerals has returned a 22-metre gold interval grading 8.2 grams per tonne at its Minyari deposit, including 5.1 metres at 27.4 grams per tonne. The latest assays also extend mineralisation at GEO-01, WACA, Rizzo, Tim’s Dome and Chicken Ranch as drilling continues across the project.

West African Resources delivered record quarterly gold production of 127,950 ounces and generated A$458.2 million in operating cash flow, lifting cash to A$1.195 billion. The strong quarter keeps 2026 production guidance within reach, while Kiaka’s explosives constraint and a pending ownership transaction remain key execution issues.

Accordant Group lifted first-half revenue 8% to NZ$88.5 million and cut its net loss to NZ$234,000, while reducing net bank debt by NZ$7 million since March. The staffing group still has a long way to go before returning to profit or restoring dividends.

Kingfish delivered a 10.2% gross return in the six months to September, but its shares ended the quarter at a 15.5% discount to NAV. The investment company also added Skellerup to its portfolio as Delegat, Vista and Fisher & Paykel Healthcare led quarterly gains.

PLS has paired record quarterly production with a 20-year Fortescue power agreement expected to cut Pilgangoora’s FOB operating costs by A$15 to A$20 a tonne. The deal adds to a much larger investment cycle, with the A$1.9 billion P2000 expansion now under construction and FY27 capital guidance lifted to A$1.13 billion to A$1.195 billion.