Latest Apartments News

International Equities Corporation lifted September-quarter revenue 46.8% to A$753,000, but remained loss-making as apartment disposals and new borrowings supported liquidity. The company ended the quarter with A$1.207 million in cash and reported 5.7 quarters of funding based on cash and unused facilities.

Mustera Property Group has completed piling and erected the tower crane at its 42-apartment Verse on McCabe project, while the final Forbes Residences commercial lot has moved to an unconditional $2.4 million sale. The quarter also brought a $3.451 million operating cash outflow and $71.16 million in unused financing facilities.

Arika Resources has identified a previously unrecognised gold lode at its Kookynie project after drilling returned 19 metres at 7.99g/t gold, including 6 metres at 15.87g/t. The early-stage discovery sits above the historic Champion Main Reef and opens several follow-up targets along a 3km mineralised trend.

Cadoux has extended WIM-style rare earth-zircon mineralisation onto its Wimmera joint venture ground, with Toolondo returning 20 metres at 0.86% in-situ zircon from just 8 metres. The result is promising but remains early-stage: rare earth chemistry is incomplete and no resource has been estimated.

Great Bear Exploration has completed its maiden field campaign in Canada’s Northwest Territories, generating more than 200 high-priority targets ahead of planned 2027 drilling. The company ended September with $3.508 million in cash, but assays from 103 rock-chip samples are still pending and half of its airborne survey remains unfinished.

AuKing Mining has extended its high-grade rare earths story at Tundulu while reporting just 1.21 quarters of funding at its current cash burn. The company is also building a broader critical minerals portfolio across Malawi and Greenland, but much of the next phase depends on assays, option exercises and further funding.

Mt Malcolm Mines has reported high-grade shallow gold intercepts and mineralisation extending roughly 350 metres west of the previously drilled Golden Crown area. The results broaden the exploration target, but pending split assays and unknown true widths leave the resource-growth case unfinished.

Scorpion Minerals has outlined a materially larger open-pit opportunity at Old Prospect, with an optimisation identifying 16,159 ounces of gold from two pits. The result is an early development signal, but it depends on a A$6,000 per ounce gold assumption and is not yet a feasibility study or ore reserve.

Encounter Resources has extended a shallow, high-grade niobium zone at Joyce across more than 400 metres of strike, bringing a maiden resource estimate into view. The company has also identified copper anomalism in the southern part of the prospect, although that result remains early-stage.

International Equities Corporation has returned to a modest annual profit after exiting serviced apartments, but the recovery is fragile. Cash fell sharply, operating cash flow remained negative and the auditor highlighted material uncertainty over the group’s ability to continue as a going concern.

Cryosite delivered record first-quarter results, with revenue up 17% to $4.6 million and EBITDA rising 31% to $1.3 million. The more consequential test now sits with the TGA, which has audited the company’s Auburn facility as part of a potential licence expansion.

Rokeby Resources has extended a high-grade mineralised shoot at its Mt Wills Goldfield in Victoria, with a new intercept of 0.3 metres at 138 g/t gold. The result arrives as the company prepares an updated JORC 2012 resource estimate and awaits four more holes from its maiden drilling campaign.