♟️ Friday 30 October 2026 Fri, 30 Oct 2026

Cauldron Energy has completed its 10,506-metre Yanrey drilling campaign, extending uranium mineralisation around Manyingee North and South while preparing an updated JORC resource estimate. The exploration progress comes with a tighter funding position, with $2.43 million in cash and less than two quarters of cover on the company’s stated calculation.

Carbonxt is forecasting at least A$22 million of FY27 revenue after securing larger customer orders, but the growth plan remains tied to a delayed Kentucky facility and shareholder approval of a proposed balance sheet restructure. Cash stood at just A$0.7 million after a A$1.0 million operating outflow in the September quarter.

Surefire Resources has identified more than 5km of prospective gold corridor at Yidby and begun planning RC and diamond drilling, but ended September with just A$351,000 in cash. The exploration push comes alongside a proposed A$2.61 million capital raising and an estimated 1.11 quarters of funding at the quarter’s cash burn rate.

TZ Limited reduced net operating cash outflow to $275,000 in the September quarter, but ended with just $185,000 in cash against $5.055 million of drawn debt. The company says it has received funding proposals from more than one party, though no transaction has been completed.

McPherson’s has entered FY27 with first-quarter sales about 11% below the prior corresponding period, after a disappointing FY26 loss and a costly operating transition. The company says EBITDA growth remains achievable, but its transformation now faces a test of execution and leadership change.

Vintage Energy’s September quarter exposed a sharp liquidity squeeze, with unrestricted cash falling to $0.53 million and estimated funding covering just 0.7 quarters. The company is still advancing two gas wells and has accepted a new Queensland exploration tenement, but both initiatives depend on securing additional capital.

Dotz Nano has secured commitments for a A$2 million placement while proposing to acquire PRF Technologies’ GridFeed software for US$1 million paid over 21 months. The move would broaden its energy strategy from building-level cooling optimisation into renewable generation, storage and grid analytics, but the deal and much of the commercial pipeline remain conditional.

El Dorado Goldfields has begun testing a 180km² Guyana land package after securing an option to acquire a 90% interest in the Oko North and Oko South projects. Early rock-chip assays reached 2.32 g/t gold, but the greenfields projects remain undrilled and have no defined resources or reserves.

49 Metals has completed assays from all 22 holes in its maiden Gold Mountain RC program, with results pointing to a broad gold system and multiple higher-grade structures at the Adit Zone. A further 3,500 metres of drilling is now underway, while the company held $5.536 million in cash at quarter end.

Lion Selection Group’s FY2026 profit fell sharply from the prior year, but its Australian resources portfolio continued to expand, with post-tax NTA reaching 109.6 cents per share by 30 September. The investment company says its portfolio is positioned for an early-stage mining boom, while market valuations and unresolved litigation remain key risks.

NoviqTech says its Great Barrier Reef biochar project has passed harvesting, laboratory and Isometric eligibility assessments, while a potential offtake could cover at least 70% of planned credits. But the company ended September with A$151,000 in cash, an estimated 2.57 quarters of funding and no guarantee of returning to the ASX.

NOVONIX ended the September quarter with US$33.652 million in cash after burning US$9.765 million in operations and repaying US$7 million of Yorkville debt. Its amended PowerCo framework also removes previous volume, pricing and delivery commitments, leaving customer qualification and future funding as the company’s central tests.

Eden Innovations opened FY27 with US sales more than doubling to US$381,612, led by a sharp rise in OptiBlend orders and expanding EdenCrete plant installations. The company ended September with A$4.3 million in cash and no third-party debt, but still used A$892,000 in operating cash during the quarter.

Tolu Minerals has strengthened its case for an early 2027 Tolukuma restart, reporting record drilling, a 909,000-ounce resource and A$56.5 million in cash. The next test is execution: assays are delayed, plant refurbishment continues and underground development must translate into mineable reserves and ore supply.

Cokal has resumed mining and hauling at its 60%-owned Bumi Barito Mineral project after delayed Indonesian regulatory approval, but exceptionally low Barito River levels have pushed the next shipment to a tentative mid-November date. The company also bought three years of extra time on BBM's US$20 million repayment, while quarter-end cash stood at just US$193,000.

American Tungsten & Antimony has completed its Nexus acquisition and secured ownership of the Del Sol hydrometallurgical refinery in Nevada, moving its US antimony strategy from transaction to execution. The Arizona White Spar acquisition remains conditional, while the completion consideration includes more than one billion shares and substantial performance rights.

Pacific Lime and Cement has shifted its Central Lime Project from civil construction to equipment installation, with more than half of its major kiln and process plant materials now delivered. The A$129 million project forecast remains within its A$133 million funding envelope, but A$26 million of contingent funding is still undrawn or unrealised.

Element 25 has reshaped the commercial and funding framework for its planned Louisiana HPMSM facility, retaining a US$166 million U.S. Department of Energy grant while ending its existing GM agreements. Revised Stellantis arrangements are agreed in principle but still require definitive documents, leaving the project’s replacement financing plan central to the next phase.

Comet Ridge has completed its Santos buyout, giving it full ownership and operatorship of the 677 PJ Mahalo Gas Hub resource base. The prize is greater control over a staged gas project, but $11.4 million of cash and incomplete funding arrangements leave a narrow runway ahead of a targeted mid-2027 investment decision.

Green & Gold Minerals has identified follow-up targets across Copper Hills, Elizabeth Bluffs and Mt Wandoo after a quarter of strong polymetallic and gold exploration results. The company held $2.268 million in cash at quarter-end, with assays from the latest 3,000-metre Mt Wandoo program expected from late November.

Crimson Australia has reached 91.40% control of Kip McGrath, crossing the threshold needed to pursue compulsory acquisition of the remaining shares. Holdouts can still accept the offer before the scheduled 4 November deadline for faster payment.

Yandal Resources has locked in a $9 million placement and is seeking another $1 million from shareholders to accelerate drilling across its Western Australian gold projects. Gold Fields is expected to emerge with a 19.9% holding, while the raising will increase Yandal’s potential share count by roughly 35%.

Kingston Resources has reported high-grade polymetallic drilling results across Mineral Hill while advancing a 25,000-metre FY27 campaign and planning resource and reserve updates. The company ended September with A$14.54 million in cash and no debt, but the mine remains on care and maintenance and its strategic review has no guaranteed outcome.

Stakk delivered a second consecutive quarter of positive operating cash flow, reaching A$731,000 as its newly enlarged group reported A$16.075 million in unaudited pro-forma revenue. The more revealing test arrives next quarter, when ParaScript contributes a full period of statutory cash flows while acquisition-related obligations begin to bite.