♟️ Friday 30 October 2026 Fri, 30 Oct 2026

Tetragon Energy has entered its first full quarter as an ASX-listed explorer with $3.96 million in cash and an expanded plan to use seismic data to attract a farm-in partner. The company is also reassessing an onshore gas discovery that could support power generation in northern Luzon.

St George Mining’s Araxá project advanced on several fronts in the September quarter, with a 155% increase in Measured and Indicated resources, new high-grade drilling and environmental permitting underway. The company ended the period with A$86.2 million in cash, but still has to convert a large Mineral Resource into an economically viable operation.

LCL Resources has added a second Rio Tinto-funded exploration program in Papua New Guinea, while completing a 5,598 line-kilometre survey at its Ono project. The deal could see Rio Tinto earn up to 80% of Liamu, leaving LCL with funded exposure to several undrilled targets and A$7.76 million in cash.

Nexalis Therapeutics ended September with $371,000 in cash, equivalent to just 0.9 quarters of funding at its recent operating burn. The company has settled its dispute with Linlithgow Family Office, but its clinical programs remain paused while it pursues R&D tax funding and a new capital raise.

Aura has reported 25% year-on-year exit ARR growth and positive underlying free cash flow in its first quarter after completing the Qoria acquisition. The company reaffirmed its 2026 targets, but the result remains pro forma and unaudited as integration work begins.

Wiluna Mining has emerged from a disrupted September quarter with a $180 million IPO, no secured debt and a renewed exploration program. The transformation came after a CIL tank rupture halted processing, drove 91 redundancies and left the company with $18.7 million in cash at quarter end.

Algorae Pharmaceuticals has moved closer to its first expected NSW Health supply orders while reporting stronger preclinical results from its AOS2 drug-discovery platform. The company ended September with $3.15 million in cash and a further $3 million undrawn facility, but its commercial contract carries no minimum volume commitment.

CAR Group enters FY27 with double-digit growth expectations after reporting A$1.253 billion in pro forma revenue and 100% EBITDA-to-cash conversion for FY26. Its next growth phase centres on AI agents, proprietary vehicle data and new products across its global marketplaces.

Talonx Resources has secured firm commitments for a discounted A$775,000 placement to expand exploration at its Kihabe copper project in Botswana and fund follow-up drilling at Viking’s Beaker 2 gold prospect. A proposed director tranche and Share Purchase Plan could provide additional funding, but both remain subject to further steps.

Antilles Gold remains largely stalled in Cuba after its joint venture was designated a US Specially Designated National, with only site security continuing at Nueva Sabana. A conditional GEM deal could bring US$18 million and a path towards sanction relief, but the company ended September with just US$882,000 in cash.

Sunshine Metals has advanced three Queensland development threads, with Liontown’s preliminary study outlining $179.8 million in estimated net operating cashflow after capital and Mt Moss still targeting first gold in mid-2027. The gains come with a funding question, as the company held $15.2 million in cash at quarter-end and has a financing update due in November.

Optiscan has moved its InForm and InVue medical-imaging devices into formal US FDA review after a quarter of intensive regulatory and clinical work. The milestone comes with $11.093 million in cash and a reported 3.5 quarters of funding at the latest operating burn rate.

Jupiter Mines delivered Tshipi production and sales ahead of plan in the September quarter, but weaker manganese prices, higher freight and lower sales volumes sharply reduced earnings. Attributable cash fell to A$52.7 million after dividends and working capital outflows.

Broken Hill Mines delivered its first quarterly silver output above 100,000 ounces as three ore feeds lifted mining and processing at Rasp. The September quarter also brought A$37.6 million in sales, an A$85 million capital raise and fresh high-grade drilling results at Centenary and Pinnacles.

Raiz Invest delivered solid Q1 FY27 growth, with funds under management rising 20.2% to $2.40 billion and customer numbers reaching 354,202. But the fintech still cannot reliably quantify the potential impact of historical tax matters now under expert and regulatory review.

Astron has cleared a major financing hurdle for its Donald Project, with government-backed lenders conditionally approving up to A$180 million toward a proposed A$200 million Phase 1 debt facility. The project still needs commercial lender commitments, joint venture approval and a final investment decision targeted for Q4 2026.

Osmond Resources has advanced its Spanish critical minerals project through a maiden resource, a striking but preliminary scoping study and a maximum government grant. Yet with A$3.15 million in cash against a development concept requiring US$299 million, financing remains the project’s defining test.

TALi Digital closed its September quarter with $3.9 million in cash after completing a $3.3 million capital raise and winning shareholder approval for the Datasphere transaction. The company has also exercised an option to negotiate exclusive worldwide rights to Technion in-memory computing technology, although the licence remains unsigned and the technology unproven at commercial scale.

Native Mineral Resources’ first full year as a gold producer delivered A$24.1 million in revenue and a late-year production surge, but the balance sheet remains under acute pressure. The ASX-listed miner reported a A$34.8 million loss, negative operating cash flow and a material uncertainty over its ability to continue as a going concern.

X2M Connect has raised A$1.4 million through a placement as it shifts capital and management focus towards regional data centres, AI infrastructure and energy management. The move comes after first-quarter revenue fell 34% and the company recorded a larger adjusted EBITDA loss, with a further A$3.6 million rights issue planned.

Powerhouse Ventures lifted quarterly pre-tax operating profit 46% to A$340,000 despite difficult microcap conditions, while completing three advisory transactions and launching its first private venture product. The investment house ended September with A$1.40 million in cash, A$5.75 million in listed assets and an estimated six quarters of funding.

Sparc Technologies has moved its graphene additive business from testing towards commercial adoption, with a first ecosparc® delivery to a tier 1 coatings manufacturer and more than 20 active qualification programs. The September quarter also delivered hydrogen progress and fresh funding, but the company reported only 1.14 quarters of cash coverage before subsequent receipts.

Silver Mines has entered the final stretch of the Bowdens approval process after reporting a 93.5 million ounce silver reserve, a completed A$26 million royalty consolidation and A$70 million of new funding. The project’s headline 26-year economics remain partly dependent on a Stage 2 design that is not yet at definitive feasibility level.

Tlou Energy has temporarily shut Lesedi 6 after recurring coal-fines inflows and pump inefficiencies, leaving Lesedi 4 to carry ongoing production testing. Kala Data Centre remains at proof-of-concept scale while Tlou holds just A$57,000 in unaudited cash and seeks funding for its next development phase.