Latest Audit News

Besra Gold is pushing for a three-year technical study program at its Bau project while negotiations over key Sarawak mining tenure remain unresolved. The Ontario Securities Commission cease trade order also remains in place, with the company holding A$7.586 million and reporting about 4.9 quarters of funding at its current cash burn.

Lion Selection Group’s FY2026 profit fell sharply from the prior year, but its Australian resources portfolio continued to expand, with post-tax NTA reaching 109.6 cents per share by 30 September. The investment company says its portfolio is positioned for an early-stage mining boom, while market valuations and unresolved litigation remain key risks.

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.

Raptor Metals has completed its first Chester drilling campaign, with broad copper intersections and electromagnetic conductors pointing to follow-up targets across the Canadian project. The company is now preparing 2,800 metres of maiden drilling at Silverjack and Turgeon while holding $1.325 million in cash.

Hydralyte LLC recorded its first monthly operating profit in August, while a major cost reset cut its quarterly operating loss to US$66,900. But revenue fell 21.9%, cash narrowed to US$173,400 and the company is seeking up to A$1.4 million through a rights issue.

Vitasora Health has signed a Florida healthcare agreement covering an initially addressable 9,000 Medicare patients while estimated October billable care minutes rose 50%. The ASX-listed company also agreed terms for an A$3 million secured facility, but the funding is not yet drawn and carries approval, interest and dilution conditions.

Nutritional Growth Solutions has cut quarterly net operating cash outflow by 54% while completing its Sprout Organic acquisition just after quarter end. The enlarged group starts with US$1.613 million in cash, no borrowings and a substantially larger share base.

xReality Group expanded its Operator XR customer base, recurring revenue and sales pipeline in the first quarter, while securing its first US Marine Corps order after quarter end. But the company remains focused on completing its FY26 audit and reinstating trading, with $1.4 million in quarter-end cash against $4.55 million of secured debt.

Native Mineral Resources’ first full year as a gold producer delivered A$24.1 million in revenue and a late-year production surge, but the balance sheet remains under acute pressure. The ASX-listed miner reported a A$34.8 million loss, negative operating cash flow and a material uncertainty over its ability to continue as a going concern.

Aurora Labs has moved another step from propulsion development toward commercial production, securing AS9100D certification and its first US engine order while customer enquiries expand. But with only A$1.148 million in cash at quarter-end and 1.5 quarters of funding estimated, the A$6 million raise is central to the next phase.

Blue Energy is positioning its Queensland gas portfolio for potential demand from LNG exporters under proposed federal reservation rules, while seeking a farm-in partner for ATP 854. The company ended September with A$3.2 million in unaudited cash, no debt and a more cautious approach to Sapphire spending.

Energy One has completed its acquisition of European energy software business GMSL, issuing 7,089,780 shares to Fluxys in the process. Fluxys is now Energy One’s largest shareholder and has secured a board seat through nominee director Erik Vennekens.