Latest Audit News

Far East Gold’s cash position has tightened sharply, with only A$593,000 remaining after a September quarter of takeover costs and exploration spending. The company says it needs new funding while a board-control fight threatens to add further uncertainty.

Macro Metals lifted mining services work performed to approximately A$2.8 million in the September quarter as its first BHP Mt Goldsworthy package ran ahead of schedule. The operational progress comes alongside a thin A$392,000 quarter-end cash balance, followed by a proposed A$3.28 million funding package to accelerate Pilbara exploration.

Superior Resources has expanded its Queensland exploration portfolio and advanced the Steam Engine gold project, but its annual report carries a material uncertainty over going concern. The company ended June with $1.31 million in cash after a $2 million placement and says further funding will be needed to continue exploration and development.

Fatfish reported A$1.041 million in cash after selling Fatberry Thailand, but its delayed Q3 CY2025 update leaves the company suspended and unable to quantify the potential impact of alleged improper conduct. Operating cash outflows reached A$0.252 million during the quarter ended 30 September 2025.

Jindalee Lithium has moved McDermitt drilling into the field and says its US Elemental NASDAQ transaction is in the final stages of SEC review. But the company ended September with A$6.7 million in cash, equivalent to about one quarter of funding at the latest spending rate, leaving the proposed PIPE financing central to its next steps.

North Stawell Minerals has extended its Darlington gold system and sharpened its exploration focus, but the annual report carries a material uncertainty over the company’s ability to continue as a going concern. Cash fell to $701,960 as the explorer’s annual loss widened to $1.24 million.

Felix Group lifted contracted ARR 10.6% year on year to $13.5 million in Q1 FY27, led by Nexvia and enterprise expansion. The software company ended September with $1.5 million in cash and estimated funding of just 1.12 quarters before the latest capital raising is fully available.

Prominence Energy has expanded its South Australian exploration story from a single project to a portfolio with more than 4 Tscf of gross unrisked 2U hydrogen prospective resources. The company is targeting a multi-well drilling campaign in mid-2027, but its A$1.38 million cash balance leaves funding and permitting as important hurdles.

Strike Resources has completed new exploration work at its Apurímac iron ore project, but its proposed A$5.5 million minority stake sale remains subject to conditions and has no confirmed completion date. The company ended September with A$877,000 in cash and estimated funding for about two quarters.

FirstWave Cloud Technology delivered positive EBITDA in its first FY27 quarter, but cash fell to just A$83,000 before a post-quarter A$1.06 million placement restored near-term liquidity. The company is now balancing product launches and AI commercialisation against A$1.3 million of contract renewals due in December.

Dome Gold Mines has reached a regulatory milestone at its Sigatoka heavy mineral sands project, but remains suspended from trading with no cash on hand and its annual audit unfinished. The company is seeking up to A$3 million through convertible notes while it negotiates funding for valuation work and working capital.

Clime Investment Management delivered a 57% rise in FY26 net profit and lifted funds under management and advice by 9.4% in the September quarter. But additional valuation work on private credit and unlisted assets has delayed the audit process and payment of the performance fee.