♟️ Thursday 29 October 2026 Thu, 29 Oct 2026

American Rare Earths has moved Halleck Creek closer to development, expanding the proposed Cowboy State Mine, completing 18 feasibility-stage drill holes and beginning pilot plant processing. But with A$11.0 million in cash and an estimated 1.44 quarters of funding at current outgoings, the next phase will likely require fresh capital or another funding source.

Carnavale Resources has completed a bankable feasibility study for its 80%-owned Kookynie Gold Project, outlining an 18-month open-pit operation targeting 35.6koz of gold and A$104 million in pre-tax free cash flow. The economics are strong on paper, but funding, approvals, processing arrangements and a final investment decision remain ahead.

Port of Tauranga delivered a 23% lift in underlying FY2026 profit and raised its annual dividend, despite lower cargo volumes. The result comes as its capacity-expanding Stella Passage project faces three appeals and two judicial review applications.

AVA Risk Group has opened FY27 with A$6.7 million in quarterly bookings and a 1.2 book-to-bill ratio, while acknowledging that FY26 revenue and profitability fell short of expectations. The company is betting that sharper commercial discipline, US expansion and a broader solutions model can turn a large pipeline into more dependable growth.

European Lithium’s proposed merger with Critical Metals Corp. has cleared shareholder and court approval, with implementation scheduled for 5 November and EUR expected to leave the ASX. The quarterly report also puts a $296.5 million cash balance, Tanbreez drilling and Greenland mining approvals at the centre of the company’s final standalone update.

Cyclopharm has reported record third-quarter US Technegas revenue of A$1.62 million, with 76% generated by recurring consumable orders. Its installed base and hospital pipeline expanded sharply after new clinical guidelines preferred Technegas when available, while quarterly cash burn fell to A$0.9 million.

Lake Resources has moved its Kachi lithium project into front-end engineering after securing Catamarca’s Environmental Impact Declaration. A A$7.9 million ATM raising lifted quarter-end cash to A$10.1 million, although final capital costs and construction funding remain unresolved.

Bannerman Energy has cleared the two gates that mattered most for Etango: funding and Final Investment Decision. The Namibia uranium project now enters full-scale construction, with first production targeted for 2028 and construction cash largely in place.

Atomos generated positive operating cash flow of A$0.9 million in Q1 FY27, although quarterly sales fell to A$9.2 million and cash remained modest against A$21.1 million of borrowings. The company is relying on seasonal strength, Shinobi 7 II demand and new Flanders Scientific products to lift the December quarter.

Unico Silver ended September with A$100.2 million in cash after completing a A$60 million placement, securing critical land for Joaquin and expanding its exploration footprint. The trade-off is a later maiden PFS, now scheduled for January 2027 as the company incorporates more drilling and metallurgical work.

Turaco Gold has secured firm commitments for a A$120 million placement to fund its proposed acquisition of Afema’s remaining 20% interest and push the Côte d’Ivoire project towards a definitive feasibility study. The transaction would simplify ownership, but still depends on shareholder approval and further development funding.

Firebird Metals has secured its first A$1 million ARENA payment and produced 99.999% manganese sulphate as work advances on its Perth demonstration plant. The next test is whether the company can reproduce those results with Oakover ore and move from pilot validation to customer-ready samples.

IperionX has validated titanium powder capacity above 200 tonnes per annum and lifted quarterly production to 8.7 tonnes, while a new U.S. Army task order funds further manufacturing scale-up. The company ended September with US$63.0 million in cash and US$33.7 million of obligated government funding still available for reimbursement.

Torque Metals has reported a 351,000-ounce Mineral Resource Estimate for its Ritz Gold Project, alongside a string of high-grade drilling results including 11 metres at 456 grams per tonne gold. An A$25 million institutional placement completed after quarter-end gives the explorer funding to pursue further growth, but the resource remains partly based on older estimates and the million-ounce ambition is explicitly aspirational.

Mesoblast has posted a 44% rise in first-quarter Ryoncil revenue to US$28 million while sharply reducing operating cash use. The biotechnology company also completed treatment in its 350-patient chronic low back pain trial and received FDA confirmation that a heart-failure BLA filing may proceed.

Koonenberry Gold has moved three NSW exploration fronts into the next phase, with Dunedoo drilling complete, Wilga Flats drilling underway and Newmont-funded Junee results pending. The company ended September with A$4.35 million in cash and reported about three quarters of funding at its current expenditure rate.

Aeris Resources delivered 9.3kt of copper equivalent production in the September quarter, ahead of plan, while its Golden Plateau gold resource tripled to 200koz. The growth push is gathering pace, but cash and receivables fell to $178.7 million as Constellation investment accelerated.

Emyria has reported record quarterly revenue of approximately $1.42 million after opening its first Sydney Empax clinic and expanding national treatment capacity. The growth comes with $2.28 million in operating cash outflows and an estimated 2.08 quarters of funding at quarter-end.

Horizon Oil delivered record September-quarter production, sales, revenue and operating cash flow, with the first full-quarter contribution from its Cue acquisition adding scale across five countries. Cash reserves rose to US$50.4 million before the company paid its FY26 final dividend.

Integral Diagnostics has opened FY27 below expectations, with radiologist and sonographer shortages limiting revenue growth and pushing labour costs ahead of sales. The company expects FY27 revenue growth of 4% to 6% and a full-year operating EBITDA margin of 19.5% to 20.5%, with improvement weighted to the second half.

Ark Mines’ updated Sandy Mitchell study outlines a 26-year rare earths and heavy minerals operation with a post-tax NPV of A$883 million. The economics are substantial, but depend on refined garnet pricing, uncommitted funding, further approvals and metallurgical work.

Adisyn has identified graphene at all 12 sampled locations on a full 200mm wafer, moving its low-temperature deposition platform beyond 1cm² laboratory coupons. The ASX-listed technology company ended September with A$14.4 million in cash and no debt, but commercial qualification remains ahead.

Anson Resources has secured the final major approval for its planned 10,000 tpa Green River lithium plant, while reporting independently confirmed battery-grade product and approximately US$406.5 million of conditional Utah incentives. The project has moved closer to financing, but the incentives are post-performance and Anson says further funding is still required.

Iltani Resources reported 59 substantial silver-equivalent intercepts at its Orient project during a busy September quarter, including several exceptionally high-grade zones. The explorer also completed a $4.6 million placement after quarter-end, giving its next drilling and metallurgical work a stronger funding base, while adding dilution and options to the capital structure.