Latest Australia News

Innovaero Technologies has reported a $5.917 million FY2026 loss as it prepares to scale OWL drone production after its ASX debut and $40 million capital raise. The annual report shows a better-funded business, but one still reliant on government contracts, certification and forecast production work.

Octava Minerals is pursuing a staged Argentine fluorspar option while its auditor flags material uncertainty over the explorer’s ability to continue as a going concern. The company ended September with A$322,000 in cash and is relying on shareholder-backed funding to advance both the new project and its Byro critical minerals target.

Australia United Mining generated a $20,803 share of gold and silver proceeds from its Ropewalk operation, but ended September with only about $20,000 in cash. The company says it may sell a listed investment and rely on related-party support to meet its commitments.

Matsa Resources has reported a $39.4 million FY2026 loss, negative net assets and a $28 million operating cash outflow after Devon operated at a loss and was suspended following a contractor dispute. A $55 million AngloGold tenement sale offers a potential liquidity reset, but the annual report says material uncertainty remains over the group's ability to continue as a going concern.

PARKD’s FY26 annual report puts the company’s funding position under sharper scrutiny after a steep revenue decline, a $1.26 million loss and $367,714 in cash. Its east-coast expansion produced new facilities, partnerships and demonstrations, but the next test is converting that platform into contracted work quickly enough.

Richmond Vanadium Technology has submitted a revised preliminary environmental impact statement for its North Queensland vanadium project, setting up a possible public review in early 2027. The company ended September with A$3.49 million in cash and estimated funding for 2.6 quarters.

European Lithium has confirmed that each eligible EUR option will convert into 0.0353158621 new Critical Metals shares under the now-effective acquisition scheme. Holders of 991 or fewer options will instead receive cash from the sale of their entitlement.

Strata Minerals has identified multiple untested structural trends across its Zelica Gold Project after interpreting high-resolution airborne magnetic data. The targets extend beyond a maiden 42,000-ounce resource, but still require geochemistry and drilling to determine whether they host additional gold.

Element 25 has completed the enabling works for its planned 1.1Mtpa Butcherbird manganese expansion, moving the project towards major plant construction. Financial close on the AU$50 million NAIF package remains unfinished, leaving funding and contract finalisation as the next key tests.

OzAurum Resources has recorded 95% gold recovery in an independent heap leach column test on paleochannel material at Mulgabbie North. The result strengthens the case for a lower-capital processing route, but fresh rock testing remains the crucial next test because it contains most of the project’s resource ounces.

Avecho has resumed recruitment for the final cohort of its pivotal Phase III insomnia trial after an interim review supported continuing at the original 519-participant target. The biotechnology company is also pursuing international licensing while holding $5.3 million in cash.

Vicinity Centres has reaffirmed its FY27 earnings guidance after a resilient first quarter, with occupancy steady at 99.6%, leasing spreads widening to 5.1% and total portfolio sales rising 3.0%. The AGM also marked Trevor Gerber’s retirement as chairman and the formal leadership transition to Patrick Allaway.