Latest Balance Sheet News

Krakatoa Resources advanced drilling at its flagship Zopkhito antimony-gold project in Georgia, but the exploration push more than doubled its annual loss and reduced cash to $739,459. The company subsequently raised $4 million, highlighting the funding needed to keep moving towards a maiden JORC-compliant resource.

Clara Resources has pivoted decisively from coal to gold, but its Mareeba ambition sits alongside a $7.36 million annual loss, only $112,000 in year-end cash and a disclosed material uncertainty over going concern. The company is now relying on drilling, asset-sale proceeds and further capital to keep the strategy moving.

Pilbara Gold has lifted the Mt York resource by 50% to 2.08 million ounces while advancing a prefeasibility study and restarting drilling at Roe Hills. The annual report also warns that planned exploration spending could require another capital raise within 12 months.

Titanium Sands has warned of material uncertainty over its ability to continue as a going concern, with just $112,578 in cash and $1.8 million of convertible notes due for repayment or conversion. The warning comes as the company prepares to submit the Environmental Impact Assessment for its Mannar Island mineral sands project in October.

1414 Degrees reported a wider FY2026 loss, falling cash reserves and a material uncertainty over its ability to continue as a going concern. The company is nevertheless pressing ahead with SiNTL battery commercialisation, a proposed 1 GW data centre precinct and full ownership of Aurora.

Emu NL has moved from geological validation at Fiery Creek into a larger drilling campaign at its Yataga Valley copper project, after ending FY2026 with $3.15 million in cash. The progress comes with a material warning: the auditor said the company’s ability to continue as a going concern depends on securing further capital.

Right Resources posted a A$5.16 million loss for FY2026 and warned of material uncertainty over its ability to continue as a going concern, despite A$3.24 million in cash at year-end and a subsequent A$2.94 million capital raise. The explorer is betting that new drilling at Blue and a revised geological model at Pilot can improve the investment case.

Surefire Resources has flagged a material uncertainty over its ability to continue as a going concern after reporting a $2.07 million annual loss and $1.30 million in operating cash outflows. The company is advancing Victory Bore and Yidby, but both projects remain tied to funding, approvals and further execution.

Minerals 260 has emerged from FY26 with a 6.2Moz Bullabulling resource, a maiden 2.5Moz reserve and a pre-feasibility study pointing to a 19-year gold operation. The project is now moving into definitive feasibility, but debt funding, approvals and a final investment decision remain ahead.

Ridley Corporation’s first full reporting year with the Incitec Pivot Fertilisers distribution business produced a sharp lift in underlying earnings and cash flow, despite a steep fall in statutory profit after a $31.8 million NovaqPro impairment. Management expects earnings growth across all three segments in FY27, but the enlarged group now carries significantly more debt and integration work.

Liberty Group delivered a second consecutive year of profit growth in FY26 as record loan originations lifted financial assets to A$15.2 billion. The result supports a 15-cent fully franked special dividend, although credit provisions and cash flow remain important tests for the lending model.

European Lithium reported a A$930.6 million FY2026 profit, but the headline result was dominated by a A$1.276 billion accounting gain after losing control of Critical Metals Corp. The company now heads towards an October vote on a merger that would fold its cash, CRML stake and mineral assets into a single NASDAQ-listed group.