♟️ Friday 30 October 2026 Fri, 30 Oct 2026

Rivco Australia has reported a 1.2% quarterly decline in pre-tax NAV as softer water entitlement values offset the benefits of a more heavily leased portfolio. The company is shifting dividends towards operating earnings, while continuing its buyback at a substantial discount to NAV.

Advance Metals has extended high-grade silver and polymetallic mineralisation at its Gavilanes project in Mexico, including its strongest silver assay to date. The exploration progress comes with a funding question: the company ended September with A$2.106 million in cash, or an estimated 0.97 quarters of funding, and is discussing a capital raising.

Alice Queen’s first 20 Horn Island RC holes all intersected mineralised geological features, with assays returning grades as high as 68.0g/t gold and extensions beyond the existing resource boundary. Nine assays remain pending as the company prepares to assess whether the results can support a larger resource and advance its development case.

Complii FinTech Solutions ended September with $168,000 in cash after a $1.20 million operating cash outflow, leaving just 0.14 quarters of funding at the reported burn rate. Management points to cost reductions, stronger revenue and a $1.24 million R&D rebate received in October as the route to improved liquidity.

GWR Group returned $19.85 million to shareholders during the September quarter, but its balance sheet remains exposed to unresolved Wiluna West liabilities. The company says $12.69 million in State royalties is overdue while the transfer of the tenements to Gold Valley remains incomplete.

Ocean Sciences has completed its first direct seaweed shipment from Indonesia to China, but ended September with just A$72,000 in cash and an estimated 0.4 quarters of funding. The company says it expects to raise capital in November as it develops its trading operations and Takalar innovation centre.

BauMart ended the September quarter with negative cash and cash equivalents of $199,000, despite raising $244,000 and repaying $250,000 of borrowings. The company expects an $80,000 modular-pilot inflow in December and plans another capital raising after its November AGM.

White Energy has added coal assets in Queensland and Alabama, raised $15 million and completed the South Galilee acquisition after quarter-end. The company ended September with $8.252 million in cash, while exploration delivered fresh copper-gold-silver indicators at Specimen Hill.

US1 Critical Minerals ended September with A$65,000 in cash against quarterly operating outflows of A$406,000, leaving an estimated 0.16 quarters of funding. Its proposed transfer of six Tanzanian uranium licences could provide US$1 million on completion, but remains subject to regulatory and other conditions.

Tartana Minerals has accelerated exploration after a shareholder-driven leadership overhaul, but its cash runway is shorter than the time to its next major debt maturity. Assays from Nightflower, copper drilling and regional sampling now carry added significance as the company negotiates refinancing and reviews its stalled copper sulphate operation.

Western Ridge Resources has completed its first modern drilling campaign at the Keystone silver-gold project in Nevada in more than 80 years, with assays from nine holes still pending. The company is also expanding into Western Australia’s Murchison region, but ended the quarter with only A$495,000 in cash and less than one quarter of estimated funding.

OpenLearning reached record SaaS ARR of A$3.44 million after securing more than A$2.8 million in minimum contract value during the quarter. But with only A$204,000 in cash and reported funding of 0.31 quarters, the ASX-listed education software company is preparing an entitlement issue and exploring a placement.

Enova Mining has reported encouraging rare earth exploration and metallurgical results across Brazil and Australia, but ended September with just A$333,000 in cash. A proposed A$2 million placement, A$495,200 rights issue and revised 25-for-1 consolidation now sit at the centre of its next phase.

Riedel Resources has completed its transformation into a three-project gold explorer and is preparing to drill Cosmo in Western Australia for the first time since the 1990s. The company ended September with A$3.4 million in cash after a A$2.7 million equity raise, but its projected funding period is based on spending before the main drilling campaign begins.

Radiopharm Theranostics is preparing to start a pivotal RAD101 brain-metastases imaging trial in early 2027 after a successful FDA meeting. The clinical progress comes with a sharper funding question: the company reported A$7.46 million in cash against A$10.69 million of quarterly operating outflows, before a subsequent A$8 million tax-incentive-backed advance.

ClearVue Technologies has converted its Canva project into a binding subcontract and secured certifications that broaden the market for its solar glass. But the ASX-listed company ended Q1 FY27 with A$2.281 million in cash, A$2.666 million of quarterly operating outflows and estimated funding for just 1.3 quarters.

Breakthrough Minerals has extended copper-gold mineralisation beyond Turpentine’s existing resource model, with its northernmost hole returning 14 metres at 1.57% CuEq. The exploration progress comes alongside A$2.484 million in cash and a reported 0.81 quarters of funding based on recent outgoings.

Altair Minerals has reported gold in all six deep trenches at South Oko, led by a 10m interval grading 10.15g/t, while expanding Greater Oko and accelerating a fully funded drilling campaign. North Peters has also produced visible gold in core, although laboratory assays are still pending.

Gold Hydrogen says its Ramsay project has demonstrated helium flow across three wells, with concentrations averaging 15.2% and modelled potential of up to 37 Mscf per well per day. The technical progress comes with a sharper financial constraint: cash fell to A$3.96 million, equal to only 0.57 quarters of reported funding, while a capital raising remains in prospect.

Noronex has completed its Sleitat tin project acquisition and expanded the mapped Alaskan greisen system beyond one kilometre, but the explorer ended September with A$1.135 million and only 1.28 quarters of estimated funding. Assay results, South32-backed drilling and a potential capital raise now sit alongside the company’s exploration ambitions.

Argent Minerals has added weight to the expansion case at its Kempfield silver project, with high-grade mineralisation extending beyond the current resource boundary. But the ASX-listed explorer ended September with A$1.725 million and an estimated 1.34 quarters of funding at its current cash outflow.

PointsBet’s H1FY27 revenue fell to A$112.7 million and the group swung to a A$17.3 million statutory loss, with weaker Australian betting driving the deterioration. Canadian iGaming growth provided some relief, but the balance sheet shows rising reliance on parent-company funding.

Titan Minerals has uncovered a new shear-hosted gold-silver zone outside its existing Dynasty resource, while drilling continues to extend and define the Cerro Verde orebody. The exploration momentum comes with a sharper funding issue: Titan ended September with US$2.84 million and less than one quarter of estimated cash cover.

Lakes Blue Energy has secured approvals for the next Wombat-5 testing phase, with work expected to begin in mid-November. The milestone comes as the company reports $4.16 million in cash but only 1.68 quarters of funding at the September quarter’s spending rate.