♟️ Thursday 29 October 2026 Thu, 29 Oct 2026

HyTerra Limited (ASX: HYT) will not proceed with a second McCoy-1 test for now after the Kansas well produced only about 0.1 Mscf/d of gas, with air-corrected hydrogen of 0.4%. The company is reassessing the Ridge Play while shifting attention to its larger Rift Play and preserving cash.

D3 Energy has expanded its South African acreage and secured Strategic Integrated Project status after drilling two gas-bearing wells at Nooitgedacht. A 5.2% helium sample is encouraging, but production testing, methane retesting and funding remain unresolved.

Carma delivered record Q1 FY2027 revenue of $44.3 million and gross profit of $3.5 million after retail vehicle sales more than doubled year on year. The stronger trading result came with lower total gross profit per unit and $10.2 million of operating cash outflow.

Dateline Resources has a funded but halted California gold project after a preliminary injunction suspended Colosseum activities, just as the company completed engineering and advanced financing. Its September quarter also delivered rare earth results of up to 7.13% TREO at Music Valley, but cash fell to A$70.2 million and the reported runway was about 4.2 quarters.

RMA Global delivered positive underlying EBITDA of A$0.12 million in the first quarter of FY27, despite weaker customer receipts and revenue. More than A$1.50 million in annualised costs has been removed, but cash of A$1.66 million leaves limited room for execution missteps.

Global Lithium’s September quarter combined a recommended A$333 million cash takeover with a sharply improved development case for its Manna lithium project. The proposed Titan deal remains conditional, while the new study’s strong returns depend on lithium prices, exchange rates and execution.

Northstone Resources has completed its Barje infill program in Serbia with results that challenge the historical interpretation of the deposit, including a 36-metre intersection at 5.85 g/t AuEq. The company is now balancing an expanded exploration campaign and development work against $3.7 million of cash and a reported 1.61 quarters of funding at the latest spending rate.

Mindax ended FY2026 with just A$83,116 in cash and a A$2.49 million loss before tax, prompting its auditor to highlight material uncertainty over the company’s ability to continue as a going concern. Post-year-end funding has lifted cash to A$4.079 million, although much of that support remains tied to convertible debt and approvals.

The Supreme Court of Western Australia has approved Evolution Mining’s scheme to acquire the Carnaby Resources shares it does not already own. The transaction is expected to become effective on 30 October, with Carnaby’s ASX delisting targeted for 11 November.

Olympio Metals has extended the Bousquet gold system to 1.3 kilometres while its maiden Jacknife silver drilling campaign gathers pace in Idaho. The exploration progress comes with a sharper funding question: A$1.178 million in cash covered just 0.98 quarters of reported outgoings at 30 September.

Charter Hall Retail REIT has set a floor of 3.5% growth for FY27 operating earnings and distributions, while its chair acknowledged the units are trading below net tangible assets. The convenience property group enters the year with 99.1% occupancy, lower debt margins and a portfolio evenly split between shopping centres and net lease assets.

Finder Energy has secured the principal regulatory approvals for its Timor-Leste oil development and confirmed 22.2 MMstb of gross 2P reserves for the initial three wells. A conditional rig contract and advancing debt process move the project closer to FID, but financing, joint venture approvals and major contracts remain outstanding.

Ragnar Metals has identified at least five interpreted open gold shoots at its Harnäs project in Sweden, including a 13.6 g/t Au interval. The exploration upside arrives alongside just A$87,000 in cash and a stated 0.16 quarters of funding, leaving the company reliant on fresh funding or liquid investments.

Hammer Metals has reported a A$2.20 million FY2026 loss as its proposed Austral Resources takeover moves towards shareholder and court approval. The annual report also highlights strong Kalman drilling, but flags a material funding uncertainty if the transaction does not proceed.

Southern Palladium has secured a 30-year mining right for its Bengwenyama PGM-Chrome Project, while improved metallurgical test work points to a much larger chrome operation than originally envisaged. The company remains pre-production, with its definitive feasibility study pushed into early 2027 and further approvals and funding still required.

Kalgoorlie Gold Mining has reported its strongest Lighthorse drilling results to date, including assays of 19.70 g/t and 16.50 g/t gold, while extending mineralisation beyond the existing Pinjin resource. The September quarter also brought a A$3.4 million capital raising, new exploration targets and a clearer funding runway for follow-up work.

Skylark Minerals has more than tripled the Inferred Resource at its Zaranou Gold Project to 1.20 million ounces and agreed to lift its ownership to 90% for US$1.2 million. The stronger project position arrives alongside A$2.3 million in cash and a disclosed 0.9-quarter funding runway, with a proposed capital raising now central to the next drilling campaign.

Gowing Bros has reported a $3.49 million FY2026 net loss, with Surf Hardware International remaining deeply loss-making and shopping centre values falling by $3 million. The diversified investment group maintained a fully franked 3 cents per share final dividend as cash declined and borrowings increased.

Transmetro Corporation (ASX:TCO) delivered a 50% increase in FY2026 net profit to A$4.49 million, while cash rose to A$13.94 million and the fully franked dividend increased to 6 cents per share. The debt-free hotel operator is preparing to open Metro Hotel Martin Place Sydney and support a major refurbishment of its 220-room Marlow property.

Orion Minerals has moved Prieska’s Uppers Mine closer to construction after Glencore’s US$40 million Tranche A financing became unconditional. The company ended September with A$9.62 million in cash, while the larger US$210 million Tranche B package remains conditional.

4DS Memory has completed its acquisition of Jenesys and appointed founder Jaspal Sarai as CEO, combining autonomous-systems software with its ReRAM technology. The company has A$6.6 million in quarter-end cash plus a further A$2 million placement, but has yet to secure a binding customer agreement.

Xref reported A$4.7 million of unaudited Q1 FY2027 revenue and positive EBITDA of A$0.6 million, as its newer platform generated 48% revenue growth. Trust Marketplace checks, Pulse surveys and employee lifecycle products all recorded sharp increases, while stronger liquidity is supporting renewed marketing investment.

1414 Degrees has sharpened the commercial case for its Aurora precinct, signing a pathway agreement for up to 1 GW of AI data centre infrastructure and attracting potential partners for a A$350 million to A$550 million first-stage energy project. Its SiNTL battery material also showed sustained performance over more than 640 cycles, although both programs remain some distance from binding commercial revenue.

Element 25 has moved its Butcherbird manganese expansion into physical execution, targeting mechanical completion in the first quarter of 2027 while pursuing a much larger battery-materials strategy. The company is also positioning a planned Louisiana HPMSM facility as a US$166 million-supported foothold in non-China supply chains, although financing and permitting remain outstanding.