Latest Block News

Impact Minerals is shifting decisively towards Lake Hope’s high-purity alumina project after raising A$2.21 million and changing its leadership structure. The company now has A$2.61 million in cash, but still faces the more difficult task of funding pilot work, feasibility studies and eventual project development.

Sagalio Energy produced 391 tonnes of crude oil and recorded US$109,094 in sales during the September quarter, while a completed A$221,033 placement strengthened its near-term funding position. The report also flags a potential breach of the agreement underpinning the company’s economic interest in its Kyrgyzstan assets.

Lithium Plus Minerals has outlined a preliminary A$325 million post-tax NPV for its Lei lithium project, alongside a six-year production target and a 34% resource increase. But the ASX explorer ended September with A$1.054 million cash, estimated funding of just 0.78 quarters and plans for an additional equity raising.

GoldArc Resources has cleared a key regulatory hurdle for Mt Stirling, completed grade control drilling at Mt Stirling Well and continued to find high-grade gold across its Leonora projects. The company ended September with A$2.831 million in cash and A$2.5 million of unused funding facilities, but a mining start date remains unsettled.

Broken Hill Gold has increased the Vertigo resource by 43% while drilling continues to reveal high-grade gold-copper sulphides beneath White Dam’s Icebreaker prospect. The company ended September with A$12.6 million in cash, but its proposed production restart still depends on further drilling, refurbishment and mine economics.

AXP Energy reported higher quarterly oil and gas production after commissioning a 320 kW gas-to-power system in Oklahoma, but its cash position remains tight and the report contains conflicting cash figures. The company is relying on a capital raise to fund a proposed seven-well acquisition and further development.

Tesoro Gold has moved El Zorro’s Ternera deposit from a defined resource to a 1.28Moz mineable reserve, while a newly committed A$40 million placement addresses a reported 1.61-quarter cash runway. The next stage is less about proving the orebody and more about completing the DFS, permitting the project and converting funding into development progress.

El Dorado Goldfields has begun testing a 180km² Guyana land package after securing an option to acquire a 90% interest in the Oko North and Oko South projects. Early rock-chip assays reached 2.32 g/t gold, but the greenfields projects remain undrilled and have no defined resources or reserves.

Mount Ridley Mines has expanded its inferred scandium resource at Grass Patch to 946.1 million tonnes, while laboratory testing lifted scandium recovery to 91.8% using roughly half the previous reagent dose. The gains come with an important qualification: the resource remains Inferred, gallium recovery fell in the latest test and scale-up work is still ahead.

PTR Minerals has identified potential 15-17% heavy mineral zones for early mining at Rosewood, while testing suggests a high-quality leucoxene product may be produced without dry separation. The project also cleared key water, customer and study milestones, although the work remains preliminary and includes Inferred Resources.

Emerald Resources delivered lower September-quarter production but generated A$112.4 million in pre-tax operating cash flow as its Cambodian mine sold gold at an average US$4,255 an ounce. The company kept FY27 guidance unchanged, advanced construction work at Dingo Range and Memot, and opened a potential US$400 million acquisition funding pathway.

Axel REE has produced its first mixed rare earth carbonate from Woolrich column-leach solutions, while expanding the Caladão resource to 708.6 million tonnes. The results strengthen the proposed ISR pathway, but the decisive test remains field-scale recovery and process consistency.