♟️ Friday 30 October 2026 Fri, 30 Oct 2026

Hastings Technology Metals has completed its 49% Thai processing plant acquisition and is targeting first mixed rare earth chloride production in the June 2027 quarter. But the company ended September with A$1.85 million in cash, leaving funding the immediate test for both its downstream strategy and Yangibana development.

WhiteHawk reported a US$313,000 operating cash outflow for the September quarter, while a new A$1.5 million debt facility and A$1.24 million in annualised cost savings support its next phase. The post-quarter completion of Quixxi adds AI governance products, international customers and a four-year A$635,238 Italian contract, but revenue conversion remains the test.

Alpha HPA has moved closer to commissioning its flagship Stage 2 facility, with permanent plant energisation targeted for December while Stage 1 customer demand continues to outstrip available capacity. The company also began drawing funds from a $160 million government-backed commitment and reported $81.4 million in cash at quarter-end.

Adherium delivered a fifth consecutive quarterly record for remote patient monitoring revenue, but ended September with only A$120,000 in cash after a A$3.499 million operating outflow. Post-quarter loans and an AstraZeneca milestone payment have improved near-term liquidity, although further funding remains central to the company’s plans.

Vita Resources ended the September quarter with just A$77,000 in cash, equivalent to an estimated 0.2 quarters of funding, even as it expands Ninnis exploration and pursues new gold opportunities in New Zealand. The company is seeking up to A$500,000 through a non-underwritten share purchase plan while key exploration milestones remain ahead.

Fatfish reported A$1.041 million in cash after selling Fatberry Thailand, but its delayed Q3 CY2025 update leaves the company suspended and unable to quantify the potential impact of alleged improper conduct. Operating cash outflows reached A$0.252 million during the quarter ended 30 September 2025.

Revolver Resources has secured a A$3 million bridge facility to advance early works at its Dianne copper project, while its quarter-end cash balance covered less than one quarter of reported outgoings. The company still needs a broader package for construction, working capital and offtake before it can reach a Final Investment Decision.

Broken Hill Gold has increased the Vertigo resource by 43% while drilling continues to reveal high-grade gold-copper sulphides beneath White Dam’s Icebreaker prospect. The company ended September with A$12.6 million in cash, but its proposed production restart still depends on further drilling, refurbishment and mine economics.

Jindalee Lithium has moved McDermitt drilling into the field and says its US Elemental NASDAQ transaction is in the final stages of SEC review. But the company ended September with A$6.7 million in cash, equivalent to about one quarter of funding at the latest spending rate, leaving the proposed PIPE financing central to its next steps.

SRJ Technologies has reported a sharp increase in commercial activity and a growing flow of Middle East and international contracts, but its cash position remains tight. The ASX-listed asset integrity specialist says it is considering a short-term equity placement while it converts awarded work into cash receipts.

CONNEQT Health ended the September quarter with just A$501,000 in cash after a A$3.06 million operating outflow, equivalent to 0.16 quarters of funding at the reported burn rate. The company is pursuing R&D-backed debt, inventory finance and an equity raising as Pulse sales recover from an inventory disruption.

Piche Resources has identified more than 19 new epithermal structures at its Cerro Chacón project in Argentina, including a 2km vein and rock-chip results of up to 10.41 g/t gold and 553.42 g/t silver. The next test is whether those surface signals translate into a coherent mineralised system at depth.

LGP Cannatrek generated A$4.4 million in net operating cash flow on unaudited quarterly revenue of A$26.0 million, providing the first clean look at the merged group’s operations. Cost synergies, Danish production upgrades and UK expansion are advancing, while a pending TGA penalty remains an unresolved risk.

Gorilla Gold has extended high-grade mineralisation at Sovereign, Lakeview and Vivien, with Mineral Resource updates planned across its Western Australian projects by year-end. The exploration momentum comes with A$9.5 million in cash and less than one quarter of funding at the reported spending rate, leaving additional financing under consideration.

Frontier Energy has moved its Waroona Renewable Energy Project into construction, while higher capacity credits lift forecast annual revenue, EBITDA and free cash flow. The next major test is financial close on up to $280 million of project debt, expected in November.

Manuka Resources has moved Wonawinta from a five-month recommissioning effort into gold production, with first revenues received after quarter end and full processing capacity reached in October. The operational progress comes alongside A$60.1 million of borrowings, A$581,000 in cash and an Appendix 5B funding estimate of just 0.37 quarters.

Hot Chili has confirmed a second porphyry centre at La Verde South, extending the copper-gold project’s interpreted mineralised footprint to 1,400 metres. The discovery arrives with Phase 2 drilling complete, A$29.3 million in cash and a maiden resource estimate still ahead.

DGR Global ended September with A$54.4 million in cash after investing almost A$5 million in Sunstone Metals, while unpaid Savannah royalties and an Armour Energy appeal add uncertainty. The explorer is redirecting its post-SolGold balance sheet towards copper-gold projects in Queensland and Ecuador.

Adavale Resources has lifted its Parkes Project gold inventory to 383,300 ounces after completing an 85-hole drill programme and consolidating the London-Victoria to Calarie corridor. The gains come with only A$535,000 in quarter-end cash, although a A$4.65 million placement is now being deployed to fund drilling and a November Scoping Study.

McLaren Minerals has completed its 663-hole McLaren Titanium drilling campaign and reported consistently strong heavy mineral grades. But with A$1.145 million in cash, only 0.8 quarters of funding and a planned equity raise, the next stage comes with a clear financing question.

Helix Resources has won shareholder approval for two exploration acquisitions and completed a $2 million placement, but entered the new quarter with only $63,000 in cash. The company is also facing an adverse British Columbia court order that set aside its Gold Basin joint venture.

AXP Energy reported higher quarterly oil and gas production after commissioning a 320 kW gas-to-power system in Oklahoma, but its cash position remains tight and the report contains conflicting cash figures. The company is relying on a capital raise to fund a proposed seven-well acquisition and further development.

RocketBoots has begun installing its global retail contract in US stores and received its first payment, but quarterly operating cash outflows of A$1.75 million left the company with an estimated 1.03 quarters of funding. Management is relying on incoming customer receipts, an R&D tax refund and a new A$5 million invoice financing facility to support the rollout.

MC Mining advanced its Makhado hard coking coal project through hot commissioning, but ended September with only US$170,000 of cash and facilities before temporarily suspending all operations. The company is relying on shareholder funding to restart and complete the project ramp-up.