♟️ Friday 30 October 2026 Fri, 30 Oct 2026

Felix Gold made substantial progress on its proposed Alaska antimony mine and US refinery during the September quarter, including 80 drill holes and pilot-scale production of cast antimony metal. The progress came at a cost: cash fell to A$1.267 million, equal to an estimated 0.1 quarters of funding on the quarter’s reported outgoings.

Axtec has moved several proptech partnerships towards commercial rollout, but its September quarter cash position leaves just 0.58 quarters of estimated funding. The company is pursuing strategic investment and expects an R&D rebate, neither of which has been secured in the filing.

RareX has reported stronger Cummins Range recoveries, a preliminary 74-metre copper sulphide zone at Khaleesi and a submitted proposal for Kenya’s Mrima Hill project. The gains come with two important qualifications: Khaleesi assays remain outstanding and the company reported only 2.13 quarters of estimated funding at September-end.

Rumble Resources has strengthened the development case for Western Queen with an underground-optimised resource, a projected A$133 million in free cash flow and a potential tungsten revenue stream. High-grade gold-copper drilling at Munarra Gully adds exploration momentum, but financing, approvals and feasibility work remain ahead.

FBR has converted its first Mantis welding robot sale into a binding A$990,000 order and secured a North American distributor. The commercial progress comes alongside A$2.073 million of quarterly operating cash burn and a reported 0.12 quarters of funding at period end.

Impact Minerals is shifting decisively towards Lake Hope’s high-purity alumina project after raising A$2.21 million and changing its leadership structure. The company now has A$2.61 million in cash, but still faces the more difficult task of funding pilot work, feasibility studies and eventual project development.

Atomic Eagle has formalised a 60% interest and operational control of the Madaouela uranium project in Niger while continuing exploration and metallurgical testing at Muntanga in Zambia. The company also secured approximately $10.9 million from an early option exercise after quarter end, but Madaouela’s large resource remains a foreign estimate pending JORC conversion.

Chariot Resources has moved its Nigerian lithium strategy forward with licence approvals, geological mapping and a proposed partner-funded drilling and offtake program. But with A$600,000 in cash, A$3.19 million of borrowings and an estimated 0.75 quarters of funding, the next phase depends on securing more capital.

Coppermoly ended the September quarter with $92,000 in cash and estimated funding for just 0.38 quarters of relevant outgoings. The mineral explorer is cutting costs, narrowing its Queensland portfolio and assessing potential funding and acquisition options after its managing director’s departure.

Aldoro Resources has increased its Kameelburg Mineral Resource by 35% to 804.5 million tonnes, including a maiden 162.1Mt Indicated category. The Namibia project is now moving towards development studies, backed by A$4.3 million in convertible notes but still carrying substantial geological and funding risks.

Rokeby Resources has completed its maiden Sunnyside drilling program and reported high-grade gold intercepts alongside an 11,337-ounce Inferred resource at Powers Gully. The exploration progress comes with just A$156,000 in cash, forcing a review of costs and funding options.

Admiralty Resources increased quarterly iron ore concentrate production at its Mariposa project by 32% to 41,792 tonnes, even as adverse weather suspended mining. The result relied on stockpiled ore while the processing plant remained in commissioning and the company carried A$9.66 million of drawn debt facilities.

Zimplats will replace long-serving chief executive Alexander Mhembere with internal successor Dr Stanley Segula from 1 November. The handover preserves operational continuity while Mhembere remains chairman of the company’s Zimbabwean operating subsidiary.

Cadoux Limited (ASX:CCM) has strengthened the technical case for its high-purity alumina and rare earths portfolio, including battery qualification and new Danube mineralisation beyond its previous exploration envelope. The progress comes with a thinner cash buffer, no listed financing facilities and several commercial milestones still ahead.

Palisade Metals has expanded its Finley Basin tungsten project and moved closer to maiden drilling in Montana, but ended September with A$1.46 million in cash and estimated funding for only 0.79 quarters. The company is considering asset sales and equity funding alternatives as it advances its North American critical minerals strategy.

Lithium Plus Minerals has outlined a preliminary A$325 million post-tax NPV for its Lei lithium project, alongside a six-year production target and a 34% resource increase. But the ASX explorer ended September with A$1.054 million cash, estimated funding of just 0.78 quarters and plans for an additional equity raising.

NT Minerals ended September with $142,000 in cash and an estimated 0.47 quarters of funding, while its ASX suspension remained unresolved. The company is pursuing additional funding and disputing responsibility for potential rehabilitation costs at the McKinnons Gold Mine.

Avenira has advanced the Wonarah phosphate project towards planned pre-strip work in late 2026 and a first direct shipping ore shipment in the first half of 2027, while securing access to up to A$85 million in post-quarter-end Hebang debt facilities. The timetable remains conditional on approvals, product qualification, pricing, logistics and funding execution.

Kore Potash says it is still negotiating how the Republic of Congo’s new Mining Law will apply to the Kola Mining Convention, with construction required to begin by 8 June 2027. Two parties remain in the Formal Sale Process, while Kola’s environmental assessment is paused and the company held approximately US$6.4 million in cash at quarter-end.

Core Energy has lined up a A$3.025 million placement and a maiden Barking Gecko drilling campaign as it builds its uranium position in Namibia. The immediate funding picture remains tight, with A$679,000 in cash at quarter-end and the company reporting less than one quarter of funding before the next placement tranche.

Gateway Mining has expanded its Cowza discovery to approximately 4.5 kilometres of mineralised strike and confirmed high-grade gold in fresh rock with a 41-metre intercept at 2.0g/t. A $45 million placement and $8.23 million securities sale left the explorer with $52.84 million in cash at quarter-end to accelerate drilling across Yandal.

Titanium Sands has completed the environmental fieldwork and technical studies needed to submit its Mannar Heavy Mineral Project assessment in Sri Lanka. But the ASX-listed explorer ended September with just $61,000 in cash, a fully drawn $1.8 million loan facility and estimated funding for only 0.21 quarters.

Culpeo Minerals has expanded its Chilean exploration footprint and advanced drilling across two copper projects, but ended September with only 1.4 quarters of estimated funding. The company says it is progressing an equity raising as assays and follow-up drilling become the next tests of its exploration strategy.

Aguia Resources says operations at its Três Estradas phosphate project can continue despite a Brazilian appellate court majority finding its environmental licence invalid. The quarterly report also showed record Santa Barbara gold production, but only A$499,000 in cash and a non-binding US$3 million funding proposal.