♟️ Friday 30 October 2026 Fri, 30 Oct 2026

Lodestar Minerals has established a maiden 221,000oz gold resource at Ned’s Creek, while expanding its heavy rare earth and Chilean copper portfolios. The milestone comes with only A$2.027 million in cash and an estimated 1.15 quarters of funding at the reported quarterly spend rate.

Accent Resources has reinforced its Magnetite Range strategy after independent testwork produced up to 68% Fe concentrate using a dry processing route. The company also reported cash of A$5.505 million, a Norseman sale worth up to A$4.0 million and an 11,568-metre drilling campaign now underway.

Maverick Minerals has turned its expanded West Arunta portfolio into an active drilling campaign, but the September quarter left the explorer with A$1.503 million in cash and estimated funding for about two quarters. Pokali East assays expected in early 2027 could become the next major test of the strategy.

Pathkey.AI has secured its first Chipforge customer contract ahead of the semiconductor platform’s commercial release, while a $2.8 million placement lifted quarter-end cash to $5.83 million. The company remains early-stage, with just $10,000 in customer receipts during the September quarter and further commercial conversion still to prove.

European Metals says a single tunnel kiln could cut Cinovec’s capital cost by about US$112 million and operating costs by US$10 million a year, but the savings remain preliminary. The company also has until 13 November to secure EUR6.448 million if it wants to restore its 49% stake in the project vehicle.

Image Resources delivered Atlas production above the midpoint of annual guidance, but port delays and an A$8.9 million quarterly operating cash outflow left the company with A$9.0 million and less than one quarter of funding. A proposed LB Group transaction may provide further support, although it remains subject to binding documents and approvals.

Austral Resources produced 1,457 tonnes of copper in the September quarter, 21% below the low end of guidance, after a crushing upgrade and sulphuric acid shortages disrupted Mt Kelly. The company expects output to recover late in the December quarter, but cash fell to $21.04 million by 30 October after major settlement and development payments.

RBR Group has secured its first post-restart Mozambique LNG contract, but the A$2 million-scale award arrives alongside just A$32,000 in cash and overdue convertible notes. The company is relying on further contract wins, debt restructuring and new capital to bridge the gap.

Macarthur Minerals has secured a second Programme of Work approval for proposed bulk sampling at its Lake Giles Ularring Hematite Project. The milestone advances planning with Gold Valley and Destec, but the company stresses that it does not authorise mining, prove economic viability or amount to a final investment decision.

Far East Gold’s cash position has tightened sharply, with only A$593,000 remaining after a September quarter of takeover costs and exploration spending. The company says it needs new funding while a board-control fight threatens to add further uncertainty.

Activeport’s Q1 FY27 revenue rose 18% to A$1.72 million as software sales more than doubled, while a completed restructure promises A$2 million in annualised savings. The sharper growth story arrives with a pressing funding question: quarter-end cash covered only 0.7 quarters of reported operating outflows.

Macro Metals lifted mining services work performed to approximately A$2.8 million in the September quarter as its first BHP Mt Goldsworthy package ran ahead of schedule. The operational progress comes alongside a thin A$392,000 quarter-end cash balance, followed by a proposed A$3.28 million funding package to accelerate Pilbara exploration.

KTEK Aerosystems has restarted deliveries under its main production program and is targeting 150 complete airframe sets per month. But the recovery is entering its most demanding phase, with A$2.31 million of quarterly operating cash outflow and only 1.1 quarters of funding under the ASX measure.

Talga has begun commercial deliveries of Swedish-made Talnode-C to Nyobolt, marking a shift from customer qualification to ongoing supply. The ASX-listed battery materials developer also advanced a 2,000-tonne-per-year Japanese offtake pathway, but ended September with A$10.8 million in cash after A$7.6 million of operating and investing outflows.

FortifAI has launched the production-ready version of its NOL8 AI Data Plane ahead of schedule, opening the door to paid enterprise proof-of-value engagements. The ASX-listed technology company ended September with A$17.3 million in cash and no debt, but still needs to convert technical validation into contracts and revenue.

Superior Resources has expanded its Queensland exploration portfolio and advanced the Steam Engine gold project, but its annual report carries a material uncertainty over going concern. The company ended June with $1.31 million in cash after a $2 million placement and says further funding will be needed to continue exploration and development.

Somerset Minerals has completed its first drill campaign at Talisker in Nunavut, uncovering high-grade copper-silver mineralisation and extending the interpreted system across about 1.6km. The exploration result is encouraging, but the company ended September with A$1.057 million in cash and reported funding coverage of just 0.35 quarters at its recent spending rate.

Marmota’s 2026 annual report charts a rapid expansion from a single gold focus to a multi-asset exploration portfolio, led by more than 2km of high-grade Greenewood and Mainwood mineralisation. The company finished the year with A$14.36 million in cash after a A$15 million placement, but remains firmly in the exploration stage.

Critical Minerals Group has begun the first drilling campaign for its Lindfield vanadium project DFS, after securing the full PFS mine-plan area. But with A$246,000 in cash at 30 September and just 0.3 quarters of funding on the reported burn rate, the study’s next phase remains dependent on fresh capital.

Riversgold has lodged the final major operating proposal for its Northern Zone gold project near Kalgoorlie, with MEGA Resources committed to fund mining under a 50/50 profit-sharing arrangement. But the explorer ended September with $465,000 in cash, equivalent to just 0.63 quarters of funding on its reported burn rate.

Alvo Minerals has expanded its Bluebush heavy rare earth project in Brazil, with new ground, encouraging clay intercepts and Florence drilling advancing toward a maiden resource. But quarter-end cash of A$227,000 covered only 0.28 quarters of reported outgoings before a subsequent A$1 million placement and option exercises.

Enterprise Metals has formalised Phillip Gallagher’s executive chairman appointment and increased the second tranche of its placement to approximately $880,000. The package ties his potential equity incentives to share-price, resource and strategic milestones, but both the placement and incentives require shareholder approval.

Provaris Energy advanced DNV approval work for its 25,000 cubic metre LCO₂ tank and completed further stages of its hydrogen prototype during the September quarter. The technical progress came alongside a funding push, with $777,000 in cash at quarter-end and an oversubscribed $914,500 share purchase plan completed after the period.

Peak Processing has kept Group EBITDA positive for a second consecutive quarter while reducing operating cash outflow by about 79% to A$317,000. The improvement comes with lower quarterly revenue, A$813,000 of cash and fully drawn debt facilities, leaving execution in the December quarter crucial.