♟️ Thursday 29 October 2026 Thu, 29 Oct 2026

Cue Energy Resources (ASX:CUE) increased quarterly cash receipts 29% to A$17.5 million and finished September with A$18.1 million in cash. Mahato’s PB-42 well exceeded pre-drill expectations, while Palm Valley’s PV14 entered production and PV15 drilling began, although total production fell from the previous quarter.

BSA Limited (ASX:BSA) suffered a steep first-quarter revenue decline after the nbn contract expired, with underlying EBITDA falling to a $0.6 million loss. The company is now relying on pipeline conversion and the proposed Eonetics acquisition to rebuild its earnings base.

IGO delivered record Greenbushes spodumene production and a 49% jump in underlying EBITDA in the September quarter, while Nova approaches its final days of operation. The result strengthens the lithium portfolio’s earnings contribution, but Kwinana remains a substantial drag and Greenbushes’ next growth plan is not yet valued.

Solis Minerals has completed 2,926 metres of drilling across three projects in Brazil and Peru, with assay results still pending. The explorer is moving into a 5,000-metre Cucho copper programme while holding A$3.97 million in cash, equivalent to about 2.12 quarters of funding at the latest reported operating outflow.

Killi Resources has extended its Lodestone magnetite system beyond the existing 110Mt Inferred Resource, with step-out drilling intersecting broad visual zones south of the resource boundary. The company ended September with A$16.4 million in cash as a second rig and a high-resolution magnetic survey moved the project into its next phase.

Stelar Metals is taking its Hill of Leaders tungsten project from spectacular surface assays to its first-ever bedrock drilling, backed by A$2.6 million in fresh funding. The 3,500-metre RC program will test whether high-grade mineralisation continues beneath a 2km-plus corridor in the Northern Territory.

Lac Gold has reported broad and high-grade gold intersections from nine diamond holes at Astoria, including a 50-metre mineralised interval with a higher-grade core. The results are feeding a revised geological interpretation ahead of a Rouyn resource update targeted for Q1 2027.

Sinclair Gold has doubled the Mt Henry Gold Project’s Mineral Resource to 1.8 million ounces within six months of acquisition, with most of the estimate in Measured and Indicated categories. Five rigs remain active across Mt Henry and Selene, but the company’s cash balance fell to $24.8 million after a quarter of heavy exploration and transaction spending.

Tesoro Gold has secured A$40 million from institutional and sophisticated investors to fund development, permitting and exploration at its El Zorro project in Chile. The company will also seek to acquire the remaining minority interest in its Chilean subsidiary, lifting effective project ownership to 95.4%.

AnteoTech reported a quarter of technical milestones and commercial discussions across its battery and life sciences businesses, including new agreements with Xerabrid and Airspeeder. The company ended September with about A$11 million in cash, although an inconsistency in the Appendix 4C reconciliation needs clarification.

QMines has delivered its strongest pontoon copper intersection so far beneath the flooded Mt Chalmers pit, with mineralisation beginning immediately below the historical floor. The results may add weight to a resource update and feasibility study, while stockpile potential remains unquantified.

Meteoric Resources says approval for its Caldeira rare earths project in Brazil is now expected in early 2027 after regulators requested further information. The delay has not, according to the company, changed the proposed Lynas acquisition timetable, with an initial A$35 million tranche of interim funding received.

Terramin has fully subscribed its $28.65 million entitlement offer, giving the company funding to pursue development of its flagship Tala Hamza zinc project after ending September with only $188,000 in cash. Site works, tenders and financing discussions are advancing in Algeria, while a copper recovery trial in South Australia has delivered a sharp increase in dissolved copper.

Black Rock Mining has extended the financial close deadline for its US$204 million Mahenge debt facilities to 30 November, but the Tanzanian graphite project remains dependent on new equity. The company held A$2.1 million in cash at quarter end, equivalent to 0.75 quarters of estimated funding.

Minbos Resources has extracted its first phosphate rock from the Cacata deposit in Angola, stockpiling material ahead of November rains and planned Subantando plant commissioning in Q2 2027. The milestone marks operational progress, although assay results, commercial approvals and tenement formalisation remain outstanding.

Auravelle Metals has extended the anomalous gold trend at Nuckulla Hill beyond 3km, with aircore intersections reaching 10m at 1.4g/t gold. But the explorer ended September with $1.3 million cash and estimates only 1.9 quarters of funding, leaving further capital raising firmly in the frame.

Liontown has set a quarterly record for underground development at Kathleen Valley while approving a $389 million expansion designed to lift steady-state concentrate production from FY30. The ramp-up is progressing, but lower plant feed, weaker recovery and higher unit costs show the transition is not yet frictionless.

MRG Metals has secured A$1.20 million for diamond drilling at its high-grade Garies rare earth project, while its South African mining right application has moved into formal evaluation. The explorer also ended September with A$495,000 in cash and 1.10 quarters of estimated funding, making the post-quarter SPP proceeds important to its next phase.

Chilwa Minerals finished the September quarter with only A$5,000 in cash, but its completed Nasdaq IPO has since delivered about A$4.5 million net and reopened the funding runway. The company is now pressing ahead with Mpyupyu West and Nakombe drilling, although the key exploration results remain outstanding.

Enlitic’s Ensight platform reached approximately US$760,000 in annualised recurring revenue as two more US deployments went live and a US$806,000 University of Michigan migration project progressed. The company also ended the quarter with US$9.453 million in cash after completing its capital raise and converting its notes into equity.

FireFly Metals has outlined a 4.6Mtpa Green Bay development case with an after-tax NPV of A$3.0 billion, while lifting resource confidence and ending the quarter with A$337.1 million in cash. The next test is whether the preliminary study can survive feasibility work, permitting and project financing.

Saluda Medical delivered a strong operational start to FY27, with US implants up 55% and quarterly revenue rising 26% to US$23.1 million. But the medical device company ended September with US$73.6 million in cash, US$100 million of secured debt drawn and estimated funding for just 2.3 quarters at the quarter’s cash-use rate.

InFocus has reduced quarterly operating cash outflow by 40% while advancing Codexa and securing a conditional first customer for its overseas real-money gaming platform. The USD 2.4 million minimum fee commitment is substantial for the company, but it depends on development, licensing and launch milestones that have not yet been completed.

Kaoko Metals has expanded its Chalkos exploration campaign to at least 15,000 metres after maiden drilling confirmed broad, shallow copper-silver mineralisation at Otniel. A $20 million placement leaves the ASX-listed explorer with $22.0 million in cash to fund the next phase, but the discovery remains at an early exploration stage.