Latest Annual Reports News

Rhythm Biosciences has moved ColoSTAT and geneType into commercial use, recording its first sales during FY2026. But with sales revenue of just $85,339, a $5.93 million loss and an auditor-flagged going-concern uncertainty, the next phase will be judged on cash generation and repeat adoption.

eMetals has shifted its exploration focus from Uganda to a larger Utah tungsten project, where high-grade re-assays have set up a 17-hole drilling campaign. But the ASX-listed explorer ended the year with $1.79 million in cash, $1.40 million of deferred consideration and an auditor-highlighted material uncertainty over its ability to continue as a going concern.

Riedel Resources has completed the equity-funded acquisition of the Cosmo and Mt Venn gold projects, expanding its exploration portfolio beyond Arizona. But the annual report carries a material going-concern uncertainty, leaving future drilling dependent on further capital and execution.

Solara Minerals has reported a sharply wider FY2026 loss after impairing $3.14 million of exploration assets, while cash fell to $2.03 million. The early-stage explorer expanded its Bryah Basin portfolio but says further funding may be needed to continue exploration.

Eclipse Metals has enlarged its flagship Grønnedal rare-earth resource to 208 million tonnes and added a maiden Ivigtût critical-minerals inventory. The gains came alongside a higher annual loss, a material going-concern uncertainty and an unresolved legal claim.

Emperor Energy has moved its Judith Gas Field closer to a targeted April 2027 appraisal well, with the VALARIS 107 rig lined up and regulatory work advancing. But the company’s auditor has highlighted a material uncertainty over its ability to continue as a going concern, with management forecasting a need to raise about $45 million through September 2027.

High Peak Royalties reported a A$1.59 million FY26 profit after completing its Northstar transaction, which generated a A$1.90 million accounting gain. The underlying royalty business was softer, with royalty revenue and operating cash flow both declining year on year.

Empire Resources has expanded its Yuinmery exploration story with new copper, gold and PGE zones, but its FY2026 annual report carries a material uncertainty over whether the company can continue as a going concern. A $4.825 million capital raising lifted cash, yet losses and director-related debt also increased.

Mammoth Minerals expanded its Nevada exploration portfolio and drilled more than 21,000 metres at the Buster Trend, but its FY2026 report also highlights a material uncertainty over its ability to continue as a going concern. The company posted a larger loss and remains dependent on future equity funding to sustain exploration.

New Frontier Minerals advanced its copper and rare earths portfolio during FY2026, but the annual report highlights a material uncertainty over its ability to continue as a going concern. The company ended the year with $1.23 million in cash after a $2.25 million placement and ongoing exploration spending.

Tennant Minerals has reported a high-grade maiden resource and further strong drilling at its Bluebird copper-gold discovery, but the annual report carries a material uncertainty over the company’s ability to continue as a going concern. A $2.8 million capital raise completed around year-end provides near-term funding, while further exploration and processing studies remain ahead.

Finder Energy has shifted decisively from exploration towards development, with its Timor-Leste oil project backed by independent reserves, an acquired FPSO and expanded TIMOR GAP funding. The transition came at a steep cost, however, with a $30.0 million annual loss and Final Investment Decision still ahead.