♟️ Thursday 29 October 2026 Thu, 29 Oct 2026

Mont Royal Resources has begun testing whether Ashram’s mixed rare earth carbonate can be upgraded into separated, high-purity oxides, while a US defence consortium adds strategic visibility to the Quebec project. The company ended September with A$5.03 million in cash after receiving a C$2.22 million Quebec tax credit.

Recharge Metals has moved its flagship Sunset Well project from preparation into drilling, while fresh re-assays point to a broader copper-tungsten system at Brandy Hill South. A $4.1 million placement has lifted pro forma cash to $8.6 million, giving the explorer room to pursue both programs.

Appen has delivered its strongest quarterly result of FY26, with revenue rising 34% to US$73.9 million and underlying EBITDA increasing more than tenfold to US$10.3 million. Appen Global returned to profit while China continued to drive growth, although FY26 revenue is expected to land in the lower half of guidance.

Strike Energy has selected Hancock Energy’s Belisama facility as the preferred processing route for West Erregulla and agreed terms for up to A$30 million in pre-FID funding. Walyering production and reserves also improved, but Strike ended the quarter with A$40.16 million in cash, no undrawn debt and A$188.01 million drawn.

Connected Minerals has moved its Bailundo niobium and rare earths project from acquisition into active drilling, backed by A$4.5 million in fresh capital and A$5.15 million in quarter-end cash. Historical results are striking, but the company has yet to report an assay from its current programme or establish a mineral resource.

Heavy Rare Earths has identified 10 interpreted high-grade heavy rare earth oxide domains within its Subron project, while expanding the project footprint and advancing drilling across South Australia. The company also completed the components of a capital raising worth up to $2.028 million, although several key milestones remain dependent on approvals, access and further technical work.

BlinkLab has reported 82% sensitivity and 83% specificity from an exploratory ADHD study in 208 children, while preparing a US regulatory program for a second product. Its autism diagnostic remains on track for pivotal study completion this quarter, with A$16.2 million in cash at 30 September.

Beforepay Group will replace CEO Jamie Twiss with deputy CEO Kasey Kaplan on 7 December, making an internal succession change as the fintech enters its next growth phase. Kaplan’s package includes A$600,000 fixed remuneration, annual incentives, equity rights and a potential six-year milestone plan worth up to A$10 million.

Medallion Metals has moved Ravensthorpe into mine development and is preparing Cosmic Boy for gold processing, backed by approximately $175 million in available liquidity. The September quarter also delivered high-grade drilling extensions and major construction progress, but commissioning and execution now carry the story.

Challenger has used its 2026 AGM to showcase stronger earnings, record annuity sales and a substantial capital buffer while keeping discussions open with TAL Daiichi Life over its $11.80-per-share approach. The board still does not consider the proposal sufficient to recommend to shareholders.

Sentinel Metals has completed its first 15-hole Columbia drilling program, with fire assays confirming a broad high-grade intercept and extending mineralisation beyond the existing pit shell. The company will now turn to a November Mineral Resource update while advancing its newly acquired 1.01Moz Big Springs project in Nevada.

ION Video has moved its video technology into a series of externally funded and independently assessed validation programs, including an AWS proof of concept and a potential Nordic data centre trial worth at least A$1 million. The company ended September with A$3.522 million in cash, but remains pre-revenue and expects higher spending as commercialisation efforts expand.

BetMakers delivered a step-change in Q1 FY27 profitability, with constant-currency revenue rising 16.3% and adjusted EBITDA climbing 176% to $5.9 million. Positive operating cash flow and stronger margins add weight to the company’s technology-led growth story, although the figures remain unaudited.

Resolute Mining delivered 44,398 ounces of gold in the September quarter, while elevated costs and weaker shipments reduced EBITDA and net cash. Doropo construction and exploration advanced, but Syama’s recovery and the company’s full-year guidance now hinge on a stronger final quarter.

Magontec’s nine-month revenue rose 28.9% to A$59.4 million as stronger electronic anode sales and a recovery in Metals lifted gross profit to A$12.8 million. The turnaround is generating cash before working-capital movements, but Chinese demand, European automotive weakness and near-term debt maturities remain live risks.

GBM Resources has extended gold mineralisation beyond the existing 1Moz Twin Hills resource, including an 18-metre intersection grading 12.01g/t gold. Early flotation tests returned recoveries of up to 99%, while the company held $23.3 million in cash and no debt at quarter end.

Syrah Resources delivered a stronger Balama quarter and began ramping Vidalia’s US anode-material facility towards commercial sales. But higher cost guidance, negative operating cash flow and unresolved loan defaults leave the balance sheet as the central risk.

Challenger Gold has reset its Hualilan strategy around a larger integrated mine after ending the Casposo toll-milling campaign, while new debt funding extends the project’s runway. The company is targeting early 2029 production, but only A$25.8 million was held in cash at quarter-end and part of the proposed financing remains conditional.

Regener8 Resources has expanded its strongest soil signal at the Srebrenica North project, with Gradina defining a 1.5km by 900m zinc-lead anomaly and peak results of 15.3g/t silver. The explorer ended September with A$2.693 million in cash, providing an estimated 5.32 quarters of funding at the quarter’s spending rate.

Me Today says more than 80% of its Series 1 warrants have been exercised, delivering $2.31 million of new capital as the nutraceuticals company forecasts stronger first-half FY27 revenue. FY26 gross revenue rose 36% to $7.96 million while the EBITDA loss narrowed substantially.

Vital Metals has extended rare earth and niobium mineralisation beyond Tardiff’s 192.7 million tonne resource envelope, strengthening the case for an updated resource estimate and pre-feasibility study. But the ASX-listed developer ended September with A$2.4 million in cash, equivalent to just 1.87 quarters of funding before higher arbitration costs.

Lotus Resources lifted Kayelekera’s uranium recovery to 80% in September after recommissioning its sulphuric acid plant, while securing the approvals and funding needed for its first shipment since the restart. The company still faces power, acid capacity and cash-flow risks as it moves from restarting production to generating sales.

Fluence has already exceeded its full-year 2025 EBITDA after nine months of 2026, but delayed customer decisions have cut order intake and pushed operating cash flow into the red. The ASX-listed water treatment group is betting on a stronger fourth quarter to convert its improving margins into cash and backlog.

Green Technology Metals has completed a key environmental assessment for its Seymour lithium project in Ontario, but has pushed the definitive feasibility study into Q1 2027 as it coordinates permitting and consultation. The company ended September with A$7.8 million in cash and reported an estimated 5.4 quarters of funding at the latest burn rate.