♟️ Friday 30 October 2026 Fri, 30 Oct 2026

Altoro Metals has entered its next exploration phase with A$3.12 million in cash, fresh drilling underway and a planned 2027 resource update. But its annual report records a A$1.45 million loss, an unchanged mineral resource and a material uncertainty over its ability to fund the path from exploration to mine restart.

Miramar Resources has reported a maiden Inferred gold resource of 39,764 ounces at its 80%-owned Gidji JV near Kalgoorlie and secured $1.25 million to fund follow-up work. The resource is shallow and potentially expandable, but remains entirely Inferred and unsupported by metallurgical test work.

Moho Resources has confirmed two shallow, multi-lode gold systems at its Bush Chook project in Western Australia, but ended September with just $738,000 in cash and less than one quarter of funding at the quarter’s reported spending rate. The company is targeting broader exploration and follow-up drilling in 2027 while saying it expects to raise capital when required.

Vulcan Energy’s first matrix reinjection well delivered an estimated 64 standard litres per second, above the 40-litre assumption underpinning Lionheart’s development plan. The technical progress came alongside €98.0 million of quarterly investing outflows and a cash balance of €129.4 million ahead of expected project debt drawdown in Q1 2027.

Mantle Minerals is changing the geological model at Carlton Hill, moving away from shallow stratiform targets towards potentially structurally controlled zinc-lead and copper mineralisation. The explorer ended September with A$5.232 million in cash and says its current spending rate represents 31.59 quarters of funding.

Fitzroy River Corporation has finished the September quarter with A$24.96 million in cash after monetising its Bowdens Silver royalty, while a New Zealand court case could determine whether it still holds a potentially more valuable Snowy River royalty. Weeks royalty receipts declined year on year, leaving the company reliant on asset sales and future project milestones for its next phase.

Krakatoa Resources has reported further high-grade gold and antimony intersections at its Zopkhito project in Georgia, including mineralisation outside the historical foreign resource estimate. The results advance drilling towards a maiden JORC-compliant resource, but the company’s cash position leaves little room for delay or funding surprises.

Australian Gold and Copper has expanded the high-grade Evergreen discovery in NSW while pushing towards an initial mineral resource estimate. The exploration momentum is substantial, but the company’s reported 1.93-quarter funding runway puts future drilling and financing firmly on the agenda.

Peninsula Energy has reported materially stronger flow rates at several Lance header houses and reconfirmed its 500,000 to 600,000-pound CY2027 production target. The operational gains come alongside a US$30 million convertible debt draw, US$11.5 million of quarterly operating cash outflows and only 2.9 quarters of estimated funding at the current burn rate.

Elevate Uranium has reported pilot-scale results that removed about 88% of Marenica ore mass across the first four U-pgrade stages, while lifting uranium grade sevenfold and recovering 79% of uranium. The decisive test now shifts to Stage 5, where integrated results are expected in the December 2026 quarter.

Metallium has moved its Texas processing strategy closer to commercial testing, recording its first US$500,000 technology-services payment and preliminary PCB recoveries above 90%. The next proof point is whether those results can survive commissioning, product qualification and the funding demands of an 8,000-tonne-per-year operation.

Civmec has started FY27 with a sharp rise in activity, lifting quarterly revenue about 70% to A$324 million and NPAT about 75% to A$18.4 million. Its order book stands at approximately A$1.4 billion as major resources, infrastructure and defence projects ramp up.

Argosy Minerals has completed key process engineering work and lifted the Rincon Lithium Project’s JORC resource to 790,000 tonnes of Li2CO3. The project is technically advancing, but funding, lithium prices and the final DFS remain significant hurdles.

Morella Corporation Limited (ASX:1MC) has put a maiden 5.44 million tonne Inferred resource at Mt Edon on the books, but entered the next phase with only A$555,000 in cash and an estimated 0.7 quarters of funding. Mac Well exploration and a proposed Elevra portfolio expansion add upside, while further drilling and metallurgical work remain unfunded beyond the near term.

Truscott Mining is preparing a 3,000 to 4,000 metre diamond drilling program at its Westminster gold project, with drilling intended to support a JORC 2012 resource estimate. The ASX-listed explorer ended September with A$626,000 in cash and reported estimated funding for 3.62 quarters, including an unused facility.

Precinct Properties will no longer pursue its Auckland Downtown Car Park redevelopment under current market conditions, citing higher interest rates, inflation and construction risk. The decision unlocks a NZ$103 million capital distribution, a buyback of up to NZ$50 million and a lower FY27 dividend.

Hallenstein Glasson Holdings delivered a sharply stronger FY2026, with sales up 19.6% to NZ$563.0 million and net profit after tax rising 49.9% to NZ$59.2 million. The retailer enters FY2027 with strong early sales momentum, although management warns the opening 18.4% growth rate is unlikely to last.