Latest Audit News

Antimony Resources has moved closer to first production in Mexico, but its FY2026 annual report carries a material going-concern warning after a A$7.0 million loss and sharply reduced cash reserves. The company now faces the harder test of turning its Tecomatlán plant and Los Lirios project into cash-generating operations.

Eden Innovations has transformed its balance sheet, cutting interest-bearing liabilities from $16.97 million to negligible levels after year-end. But revenue fell 19%, the Group remained deeply loss-making and its auditor flagged a material uncertainty over going concern.

Macro Metals turned a largely exploratory business into a revenue-generating mining services operator in FY26, with statutory revenue rising to A$1.72 million and approximately A$21.13 million of work awarded. The progress came with a material warning: the auditor said additional funding remains necessary to support the company as it grows.

Streamplay Studio lifted FY26 revenue to A$13.80 million as Noodlecake Studios contributed for a full year, while the statutory loss narrowed and operating cash flow turned positive. The result also highlights falling cash, substantial equity-based compensation and continued reliance on successful game releases.

QX Resources reduced its annual loss and ended June with $1.64 million in cash, but its auditor has warned that the company must raise more money to keep operating. The Madaba uranium project has produced a sizeable conceptual exploration target, yet it remains some distance from a mineral resource.

Manuka Resources has moved its Wonawinta and Mt Boppy restart from planning towards production, but its FY26 annual report carries a qualified audit opinion and warns of material uncertainty over its ability to continue as a going concern. The company recorded no sales revenue, a $28.1 million loss and $26.1 million of operating cash outflows.

Aurora Energy Metals (ASX:1AE) swung to a $21.8 million profit after selling its Oregon uranium project, but the result was driven largely by a non-cash accounting gain. The company’s concentrated Eagle Nuclear Energy stake was valued at about $15.5 million by the annual report date, down from $23.9 million at 30 June.

Cokal returned to coal sales at its BBM project during FY2026, but regulatory suspensions and weak cash generation pushed the company to a US$11.3 million loss and US$29.6 million of net liabilities. An auditor-highlighted material uncertainty over going concern remains, despite a post-year-end extension of major debt repayments.

WA Gold has posted a A$2.36 million annual loss and warned that additional working capital is needed to continue as a going concern. The company is nevertheless pressing ahead with Abercromby drilling and a potential 114,000-ounce staged development.

Lakes Blue Energy reported a $19.67 million FY26 loss, ended the year with just $433,804 in cash and disclosed a material uncertainty over its ability to continue as a going concern. Its key Wombat-5 well found gas-bearing zones but failed to establish commercial deliverability, leaving the company dependent on further remediation, flow testing and capital.

Vanadium Resources has repositioned its Steelpoortdrift project around a proposed V-Iron plant producing pig iron and vanadium-bearing slag for Western markets. The strategy has secured a non-binding U.S. offtake framework and advanced site and funding work, but the auditor has flagged material uncertainty over the company’s ability to continue as a going concern.

Redstone Resources has expanded its exploration portfolio and reported deep copper intersections at West Musgrave, but its auditor has flagged material uncertainty over the company’s ability to continue without further funding. The ASX junior ended FY2026 with A$557,426 in cash against A$636,787 of annual Australian tenement commitments.