Latest Block News

Carnaby Resources shareholders have approved Evolution Mining’s proposed scrip acquisition, leaving Court approval as the key remaining hurdle. The September quarter also delivered a 10% increase in Greater Duchess resources, although Carnaby ended the period with $6.4 million in unrestricted cash.

Latitude 66 ended September with A$4.647 million in cash after asset disposals supplied most of the quarter’s funding, while exploration spending and KSB development work move into a more active phase. The company now has a 2,500-metre Finnish drilling program underway, but no financing facilities available.

Caspin Resources has reported a 45% increase in contained tin at its Kelpie Deposit, with a 6.5Mt resource now sitting within an optimised open-pit shell. The explorer is moving towards development-style work while awaiting assays from deeper drilling and testing a growing list of regional targets.

Avira Resources has completed its 4,234-metre Mt Cattlin drilling campaign, with assays still pending from first-pass holes at the historically high-grade Sirdar and Ellendale prospects. The exploration momentum comes alongside $860,000 in cash and an estimated 1.45 quarters of funding.

EMVision Medical Devices has taken its pivotal emu™ trial beyond 230 participants while preparing to add acute ischaemic stroke detection to the FDA validation program. The ASX-listed medtech ended September with $18.1 million in cash and $3.7 million in remaining grant funding.

Kincora Copper has paid A$100,000 for a nine-month option over six exploration licences covering 1,147km² across New South Wales and Victoria. The package includes Boree Creek, where a historical drill hole returned a 48-metre copper-gold interval that Kincora plans to test with diamond drilling.

Condor Energy has completed an independent development study for its 1 Tcf Piedra Redonda gas project and received formal qualification to negotiate a proposed offshore Peru licence. The company ended the September quarter with A$2.945 million in cash and estimated funding of 6.62 quarters.

OZZ Resources has completed its return to the ASX with a new critical minerals focus, but its $3.884 million cash balance is yet to translate into Bedaburra exploration spending. The company is now seeking to expand the Western Australian project while it rebuilds its exploration pipeline.

Great Bear Exploration has completed its maiden field campaign in Canada’s Northwest Territories, generating more than 200 high-priority targets ahead of planned 2027 drilling. The company ended September with $3.508 million in cash, but assays from 103 rock-chip samples are still pending and half of its airborne survey remains unfinished.

Alara Resources has reported its first full-year profit after its Oman copper operation produced above nameplate capacity, lifting revenue 145% to A$135.3 million. The turnaround is substantial, but negative operating cash flow and a planned A$6 million equity raise keep the balance sheet firmly in focus.

Elixir Energy has agreed to farm out half of its interests across much of the Taroom Trough to Beach Energy for $25 million in cash and a four-year, $180 million gross carried work program. The deal could materially reduce Elixir’s funding burden, but completion still depends on several approvals and conditions.

Beach Energy has agreed to spend A$25 million in cash and carry A$90 million of exploration costs to expand its Taroom Trough footprint to 1,481 km2. The deal gives Beach operatorship of key permits, but remains subject to approvals and pre-emptive rights.