♟️ Thursday 29 October 2026 Thu, 29 Oct 2026

Boab Metals has emerged from FY26 with full ownership of Sorby Hills, construction underway and a larger reserve base, but the project’s crucial debt drawdown remains conditional. First concentrate is still targeted for the September quarter of 2027.

Lynas Rare Earths has reported its strongest September quarter in years, with sales revenue reaching A$310.1 million and NdPr production hitting a record 2,082 tonnes. The company is also advancing its Meteoric Resources acquisition and other supply-chain investments, although planned Malaysian maintenance will weigh on the December quarter.

Pancontinental Energy has expanded the prospective resource inventory at its offshore Namibia project while advancing seismic reprocessing and farm-out talks. Yet the annual report flags a material uncertainty over the company’s ability to continue funding exploration without new capital or a partner.

JB Hi-Fi delivered record FY26 sales and earnings, but its new financial year has opened unevenly, with Australian sales declining and October trading slowing ahead of Black Friday and Christmas. Strong New Zealand growth is cushioning weakness across the group’s other major retail businesses.

Capricorn Metals has completed and commissioned the Karlawinda expansion, lifting the project to a targeted 6.5Mtpa throughput rate while maintaining FY27 production guidance. The company also reported A$113.1 million in quarterly operating cash flow, a larger resource base and federal approval for its next major growth project at Mt Gibson.

VRX Silica has completed the Arramall farm purchase and secured a 21-year lease for Arrowsmith North’s proposed processing plant, but final regulatory approvals and project financing remain outstanding. The company ended September with A$4.364 million in cash while estimating Arrowsmith North’s capital requirement at approximately A$74.5 million.

Sun Silver’s latest quarter produced broad silver-gold-antimony intercepts beyond the current Maverick resource, alongside metallurgical recoveries above 84% and a new Nevada water permit. The results strengthen the technical case for further study, but the company remains an explorer with about 2.6 quarters of funding at its current spending rate.

Lion Rock Minerals has reported high-grade, surface-starting rare earth mineralisation at Minta Est, including 4.54% TREO over 2.3 metres and a 21.15% TREO saprolite interval. The results add a second exploration stream to its expanding Cameroon rutile province, although the company’s A$4.55 million cash balance provides an estimated 2.1 quarters of funding at the latest burn rate.

New Murchison Gold has struck its highest-grade one-metre RC sample at Garden Gully, with 14 metres grading 231.67g/t gold beneath the Crown Prince open pit. The result sits outside the current resource and near the proposed underground mine design, but its geometry and continuity remain unconfirmed.

Nelson Resources is preparing to drill up to 15 underground diamond holes at its high-grade Orleans Mine in Nevada, following assays of up to 113.5g/t gold and 3,840g/t silver. The exploration push is advancing, but the company ended September with A$1.285 million and an estimated 1.6 quarters of funding at its reported spending rate.

PC Gold has identified 37 exploration targets outside the Spring Hill resource after consolidating 40 years of historical data, including nine Tier 1 prospects scheduled for drilling. Newly recovered channel results may also contribute to the planned December 2026 resource update, although most historical results remain unverified.

Mamba Exploration has begun maiden RC drilling across a large, untested gold corridor at Meeka East, with up to 6,000 metres planned by mid-December. The company is also preparing a 2,000-metre diamond program at Copper Hills, where historical copper intersections still need to be tested for continuity.

Great Boulder Resources has completed more than 57,000 metres of drilling across Peak Hill and Side Well during the September quarter, with high-grade results supporting potential resource growth. The ASX-listed explorer ended the period with A$12.3 million in cash and no debt as it works towards a Peak Hill resource update by year-end.

Meeka Metals increased September-quarter gold production to 7,237oz while generating A$13.5 million in mine operating cash flow and ending the period with A$51.2 million in cash. The company is now moving from open-pit mining towards a two-underground-mine operation, with first ore from Fairway targeted for January 2027.

Vantage Metals has intersected the key geological contact targeted by its maiden Botswana drilling campaign, with trace copper sulphides observed and assays pending. The exploration progress comes alongside A$723,000 in quarter-end cash, equivalent to just 0.3 quarters of estimated funding at the reported outflow rate.

Immutep has identified structural differences between the efti used in its failed TACTI-004 Phase III trial and batches used in earlier successful studies, prompting a new 200 L manufacturing run. The biotech is narrowing efti’s future development focus while elevating autoimmune candidate IMP761 to co-priority status.

Ragusa Minerals has identified 14 priority drill targets at its Black Rock manganese prospect in Arizona, opening the next stage of its maiden resource campaign. The exploration milestone arrives alongside a stark funding warning: the company held about A$65,000 in cash at quarter-end, equivalent to 0.38 quarters of funding at reported outflow rates.

Freightways delivered double-digit growth across revenue and profit in FY26, but elevated fuel prices and weaker premium-service demand are now squeezing margins. The NZX and ASX-listed courier group expects volumes to remain subdued until fuel costs ease sustainably.

AoFrio’s nine-month revenue fell 20% to NZ$50.3 million as motor sales plunged, while EBITDA dropped to NZ$0.8 million. The NZX-listed refrigeration technology company is relying on new US bottler orders, Food Retail expansion and its IoT platform to support a more profitable 2027.

Singapore-based Navaa Holdings has agreed to invest an initial $3 million in WasteCo, with a further $6.07 million potentially giving it 50.1% of the voting rights. The larger investment still depends on due diligence and shareholder approval.