♟️ Friday 30 October 2026 Fri, 30 Oct 2026

Pinnacle Minerals is seeking shareholder approval for a securities-funded acquisition of five early-stage tungsten projects in Utah, alongside a proposed A$1.3 million placement. The transaction would bring new management, substantial exploration commitments and a sharply larger pool of performance securities.

Synertec Corporation (ASX: SOP) has entered FY27 with $74.3 million of contracted work-in-hand, up 395% on the prior year, while maintaining revenue guidance of $37.5 million to $40.0 million. Revenue rose 18% in the first quarter and monthly EBITDA reached breakeven in September, although cash remained under pressure as project delivery accelerated.

Livium delivered its strongest lithium-ion battery collection quarter on record for FY26, lifting first-quarter revenue to A$1.84 million and gross profit to A$0.95 million. But operating cash flow remained negative at A$1.01 million, leaving the recycler with about 3.2 quarters of funding at the September quarter-end rate.

Aurum Resources has lifted Boundiali’s mineral resource to 3.84Moz and group resources to 5.0Moz, while a A$52.5 million placement gives the Côte d’Ivoire developer funding for drilling and early infrastructure. The next test is whether resource growth can translate into a definitive feasibility study late this year.

Imugene reported an 86% overall response rate in its BTK inhibitor combination cohort, but ended September with only 0.70 quarters of estimated funding at the reported cash burn. The biotechnology company is assessing further capital sources while navigating a leadership transition and convertible note obligations.

Mithril has extended the high-grade Copalquin-Zaragoza silver-gold structure to 700 metres, while sampling at the nearby San Manuel workings returned grades of up to 16.55 g/t gold and 616 g/t silver. The results add exploration scale, but Target 4 remains an exploration story rather than a defined resource.

Cassius Mining ended the September quarter with A$1.159 million in cash, equivalent to 0.35 quarters of funding at its reported current outgoings. The company is advancing environmental and social studies at its large Madagascar limestone project while awaiting a final Ghana arbitration award and seeking additional funding or a development partner.

Mount Ridley Mines has expanded its inferred scandium resource at Grass Patch to 946.1 million tonnes, while laboratory testing lifted scandium recovery to 91.8% using roughly half the previous reagent dose. The gains come with an important qualification: the resource remains Inferred, gallium recovery fell in the latest test and scale-up work is still ahead.

Otto Energy ended the September quarter with US$25.6 million in cash and no debt, despite weaker commodity prices cutting revenue by 8%. Oil output rose, but the company’s next moves now hinge on shareholder approval of a proposed A$20 million capital return and separate strategies for its Gulf assets.

Orange Minerals has moved its 166km² Tepa Gold Project in Ghana into systematic exploration, but ended September with enough cash for an estimated 1.44 quarters of current outgoings. The company says it has not yet taken steps to raise more capital.

Ore Resources closed September with a 153,200-ounce Coolgardie gold resource, expanding exploration ground and a preliminary lithium development case at Kangaroo Hills. The opportunity is growing, but A$3.81 million of cash represented only 1.4 quarters of funding at the latest spending rate.

Volt Resources has secured US$5.4 million in fully funded support for its Alabama graphite strategy, but ended the September quarter with only A$170,000 in cash. The company is also managing lower-than-planned Ukrainian production, cancelled Tanzanian mining licences and a partly conditional A$1.5 million capital raising.

Oceana Metals has more than doubled the known rare earth mineralisation footprint at its Serra Negra project in Brazil to over 4.5 square kilometres, while drilling has accelerated to four rigs. The company has also completed the acquisition of the project, but key assays, mining-right amendments and a maiden resource remain ahead.

Mach7 Technologies has completed a costly FY26 reset, cutting operating expenditure by 16% while revenue fell 17% and the net loss widened to A$8.9 million. The company enters FY27 with a higher recurring-revenue mix, new customer orders and A$19.9 million in cash, but no earnings guidance and plenty to prove.

PDI Gold generated US$282.9 million in September-quarter revenue and ended the period with US$405 million in cash and bullion, despite weaker production at Nampala. The company maintained its 2026 output guidance as Kiniéro continued to carry the operating platform and Bankan moved closer to execution.

Horizon Gold has reported its strongest Snook drilling results to date alongside resource-growth extensions across nine prospects at Gum Creek. The exploration success comes with A$16.945 million in cash and a major funding requirement still ahead for development.

Victory Metals has put a A$1.21 billion post-tax PFS value on North Stanmore, secured its mining lease and begun product qualification with potential offtake partners. The project remains pre-production, with DFS work, approvals, financing and metallurgical validation still ahead.

Aland Equity Group has launched its first property fund, targeting $4.1 million in management fees and investment returns from 56 Bungendore lots. But the ASX-listed funds manager ended September with $1.96 million in cash and only 1.83 quarters of estimated funding at its reported burn rate.

CuFe has begun a 20,100 metre drilling campaign at Tennant Creek while pursuing a conditional deal to take full ownership of the copper-gold-bismuth project. The proposed 1.6 billion-share acquisition could give Gold Valley and its associates about 53% of CuFe, making project consolidation and dilution central to the next stage of the story.

Eminence Minerals has expanded into a 1,508 km² Côte d’Ivoire gold portfolio while advancing rare earths exploration in Brazil and awaiting a key Hamersley court decision. The company ended September with A$2.869 million in cash, equivalent to 2.31 quarters of funding at the reported burn rate.

Duxton Farms returned to positive operating cash flow in the September quarter, but its balance sheet remains stretched with a $13.98 million net overdraft and $103.25 million of drawn financing. A secured convertible note raise and a delayed asset sale are now central to the company’s funding position.

CZR Resources has extended gold mineralisation at Croydon, including its strongest Top Camp result to date, while high-grade iron sampling adds momentum across its Pilbara portfolio. But the company’s proposed Zuleika Gold takeover has run into a shareholder approval failure and now requires ASIC consent to be withdrawn.

Critica has put a combined after-tax NPV of about A$3.0 billion across its Mt Lindsay and Jupiter projects, but ended September with just A$3.3 million in cash. Both developments remain at scoping-study stage and require substantial funding that has not yet been secured.

Metal Powder Works has secured its first multi-year order, lifting backlog to approximately A$1.3 million and bringing forward its 800-tonne annual capacity target. The commercial progress comes with a sharper funding question, as quarterly operating cash outflow reached A$3.3 million against A$6.9 million of cash.