Latest Audits News

Cettire returned to positive operating cash flow in FY26, but its annual report carries a material uncertainty over going concern after current liabilities exceeded current assets by A$51.8 million. The luxury e-commerce group also posted an A$8.5 million statutory loss and is relying on working-capital discipline, VAT recoveries and potentially conditional director support.

Ocean Sciences delivered a sharp increase in seaweed revenue during FY2026, but the audited report also records a A$1.612 million continuing-operations loss, A$2.319 million operating cash outflow and material uncertainty over its ability to continue as a going concern. The renamed ASX-listed group is now seeking up to A$3 million while building out its Indonesian platform.

PLC Resources has repositioned around Western Australian gold and copper exploration, securing a maiden 13,000-ounce Inferred Resource at Wadgingarra and full ownership of Yalgoo. But the FY2026 annual report also carries a material uncertainty related to going concern, leaving future exploration dependent on additional funding and exploration success.

Group One Capital delivered a sharp revenue increase and remained profitable in FY2026 as structured finance emerged as a material new income stream. The opportunity is significant, but future fee receipts remain tied to project settlements, refinancing and contractual conditions.

Canterbury Resources enters FY2027 with just $220,503 in cash, net current liabilities and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The explorer is targeting at least $2 million in additional funding while advancing the Monto and Briggs copper projects.

Orbminco has shifted from exploration to gold development, with Majestic North now carrying a 50,300-ounce JORC resource and a proposed low-capital route towards production. The annual report also flags material uncertainty over going concern as cash stood at $1.92 million after a loss-making year.

Ausmon Resources has outlined a potential path towards maiden rare earths resource work in South Australia, but the explorer remains heavily dependent on external funding. An auditor has identified a material uncertainty over the company’s ability to continue as a going concern.

Pioneer Minerals has warned of a material uncertainty over its ability to continue as a going concern after closing FY2026 with just A$80,302 in cash. The company is relying on a proposed A$2.5 million capital raising while pushing its Idaho tungsten-gold-gallium project towards maiden drilling.

Altamin has completed the core technical work for its Lazio geothermal brine Scoping Study, but auditors have flagged material uncertainty over the company’s ability to continue as a going concern. The ASX-listed developer ended FY2026 with A$2.39 million in cash after raising A$5.39 million during the year.

Omnia Metals has shifted its exploration focus to US antimony, silver, rare earths and gallium projects, backed by $3.1 million in equity raisings. Early Montana sampling produced follow-up targets, but the company remains loss-making and says the results are reconnaissance-scale rather than evidence of a resource.

Blaze Minerals reported a narrower FY2026 loss, but ended the year with just $43,552 in cash and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company is relying on shareholder-approved funding, a proposed 20:1 consolidation and a conditional Ugandan tungsten acquisition to reshape its next phase.

Green Technology Metals has cleared the environmental assessment for its Seymour lithium project, while a A$15.9 million capital raising leaves the company better placed to complete its definitive feasibility study. The next test is whether permitting, financing and Indigenous agreements can convert that progress into a Final Investment Decision in FY27.