♟️ Friday 30 October 2026 Fri, 30 Oct 2026

Lithium Universe ended September with A$429,000 in cash and estimated funding of just 0.82 quarters after reporting no exploration, development or production activity. The company says it is reducing operating expenditure and assessing further funding options.

NGX Limited (ASX: NGX) is moving from a small exploration footprint to a district-scale Namibian gold and copper portfolio, backed by a post-quarter-end A$3.6 million placement. Early Malawi drilling also returned shallow rutile intersections, but the expanded program arrives with only A$1.188 million in cash at quarter end.

Infini Resources has launched its largest exploration campaign at Portland Creek, while maiden Saskatchewan drilling awaits assays and the company reports only 0.43 quarters of funding at current outgoings. The ASX-listed explorer ended September with A$1.897 million in cash after spending A$3.7 million on exploration during the quarter.

Encounter Resources has reported thick, high-grade niobium intersections across its Aileron project, while a new copper corridor at Yeneena adds another potential growth avenue. The September quarter also brought a strategic review of the copper portfolio, leadership changes and $20.35 million in cash.

Basin Energy’s Newmans rare earth discovery has expanded from 3.3 km to 6.7 km, with drilling producing the project’s strongest magnet rare earth results to date. The technical momentum comes with a sharper funding question, as cash stood at A$776,000 and covered an estimated 1.53 quarters of current outgoings.

Cavalier Resources has moved its Crawford Gold Project from permitting into execution, with primary mining approvals secured and site preparation underway. The next test is funding: the proposed A$23 million package remains under negotiation while the company holds A$2.694 million in cash.

Northern Minerals has advanced Browns Range through feasibility, engineering and exploration, but its flagship rare earths project remains stalled at the funding gate. The company missed its 30 September FID target, flagged material uncertainty over its ability to continue as a going concern and warned that Iluka may be able to terminate the project’s supply agreement.

Metals Australia has advanced feasibility, permitting and funding work at its Lac Carheil graphite project while establishing a 45.7Mt Manindi VTM resource. The progress sits alongside a modest A$2.575 million cash balance and no disclosed financing facilities.

DXN has delivered a sharp revenue rebound and lifted its backlog to A$30.8 million, but the growth story is complicated by the expected cancellation of its maiden A$8.8 million AI contract. The company is relying on a new A$12.2 million project, expanding factories and improved customer collections to convert momentum into cash.

Battery Age Minerals advanced its Bleiberg germanium permits and expanded Falcon Lake to about 60 km², but its cash position now covers an estimated 1.34 quarters of funding. Initial Apex fieldwork also failed to confirm the remote-sensing anomalies that had defined the Utah targets.

Vanadium Resources has entered the next phase of its V-Iron strategy after a preliminary study outlined a US$842 million post-tax NPV and 36% IRR. The figures are encouraging, but the project now faces its more consequential tests: funding, binding offtake, permitting and a definitive feasibility study.

Lac Gold says fresh assays from its Rouyn Gold Project show broad mineralised envelopes with higher-grade internal zones, supporting its plan to grow the existing 1.66Moz resource. The next major test is an updated resource estimate targeted for the March 2027 quarter, while the company’s A$9.85 million cash balance leaves limited room for delay or a sharp increase in drilling spend.

Kalamazoo Resources has reported a strong quarter at Ashburton, where high-grade Mt Olympus drilling is feeding an updated resource and pre-feasibility study. The company also secured A$18 million in placements, although its September cash balance was just A$670,000 before the post-quarter raise.

Berkeley Energia has completed follow-up drilling at its Conchas lithium-rubidium project while its US$1.25 billion arbitration claim against Spain moves towards a mid-2027 jurisdiction hearing. The company ended September with A$60 million in cash and no debt, but Salamanca’s permitting impasse remains unresolved.

GreenX Metals is moving Tannenberg toward a planned 2027 drilling campaign while completing fieldwork across its expanded Greenland portfolio. The company is also preparing enforcement action over a Poland arbitration award, although key legal decisions remain pending.

Rent.com.au has posted record quarterly revenue of $1.53 million, while recurring revenue surged 187% year on year and operating cashflow stayed positive for a third consecutive quarter. The renter-focused platform is broadening into bill payments, savings and lending, although tighter credit criteria reduced new RentBond lending during the period.

Parkway Corporate delivered record quarterly revenue of $7.71 million and $1.08 million in operating cash flow as its mine dewatering contract expanded to about $2.1 million. The company also advanced its Queensland brine project, although its next test is turning approvals and technology development into funded commercial infrastructure.

Resource Minerals International has identified multiple high-grade gold-silver quartz veins and a large copper-molybdenum-bismuth soil anomaly at Wadi Salamah in Saudi Arabia. The exploration progress comes with drilling and assay results still ahead, while RMI ended the quarter with A$477,000 in cash.

Blue Star Helium has recorded its first commercial helium sales from the Pinon Canyon plant in Colorado, delivering five tube trailers during the September quarter. The milestone comes with an extended offtake agreement through March 2027, but production growth still depends on permits, well development and funding.

Sovereign Metals says a low-cost monazite by-product circuit could add US$722 million of pre-tax NPV8 to its Kasiya project in Malawi. The opportunity is commercially striking, but remains a preliminary scoping result requiring further studies, customer qualification, approvals and funding.

Nexus Minerals has ended the September quarter with a 631,000oz Wallbrook gold resource, A$7.95 million in cash and a funded drilling program ahead. The company is now moving from resource growth towards processing, permitting and potential mine development, though no Ore Reserve has yet been defined.

AusQuest’s Cangallo discovery in Peru continues to grow, with broad copper intersections and geophysics outlining a porphyry system at least 2.5km by 1km. The exploration momentum comes alongside a sharp cash warning, with $2.1 million on hand representing only 0.41 quarters of funding at the reported spending rate.

Ariana Resources has returned broad, high-grade gold intercepts at its 100%-owned Dokwe project in Zimbabwe as feasibility work accelerates. The company also ended the quarter with £17.3 million in cash after selling its remaining Kiziltepe interest in Türkiye.

Andean Silver has expanded drilling to six rigs at Cerro Bayo while preparing a resource update and Scoping Study for early 2027. The Chilean project also delivered a new 2km silver-gold exploration target, backed by A$70.5 million in cash after a A$40 million placement.