Latest Cash Flow Reports 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.

Famien Resources has reported gold mineralisation in most holes from a 3,672-metre RC program at the Bonougbara Trend in Côte d’Ivoire. The explorer is planning geophysical work and follow-up drilling while expanding its permit portfolio and redirecting focus away from Western Australia.

Brazilian Critical Minerals has moved its Ema rare earth project into FEED, raised approximately A$10 million and advanced the final land-access step for environmental licensing. Its proposed acquisition of a Brazilian magnesium sulphate plant could cover half of Ema’s early reagent needs, but remains subject to approvals, restructuring and plant modifications.

Platina Resources has confirmed a broad, shallow gold system at Sunrise Bore, with only about 200 metres of a 1.2km mineralised trend tested so far. The ASX-listed explorer ended September with A$10.746 million in cash after completing the US$14 million sale of its Owendale scandium project.

Antipa Minerals has selected a gold-and-copper processing pathway for its Minyari Dome project, bringing the pre-feasibility study closer to release in November. At the same time, drilling expanded Tim's Dome mineralisation across 2.2km, while quarterly exploration spending reduced cash to A$28.0 million.

Metal Hawk has reported its strongest Leinster South drilling result to date, including 9 metres at 12.3g/t gold at the Numbat lode. A $1.2 million placement is funding further RC and diamond drilling, with the next assays due in November.

Xpedra Resources has completed its first 31 Springfield RC holes with broad gold mineralisation now traced across 400 metres of strike and open at depth and along strike. A larger 4,000 to 5,000 metre drilling campaign is due to begin shortly, while the company has added the historic Neeld Gold Project to its NSW portfolio.

Union Star Metals ended September with A$220,000 in cash, enough for an estimated 0.44 quarters of funding at the quarter’s outflow rate. The company has completed its Brazilian asset sale and is pursuing portfolio disposals, but permitting delays have pushed back planned drilling at its main Nevada project.

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.

Industrial Minerals has cleared a key licensing hurdle at its newly acquired Laverton Gold Project, positioning the North Pool prospect for maiden RC drilling once heritage and regulatory approvals are complete. The company ended September with $2.50 million in cash after completing its $3 million placement and issuing shares tied to the acquisition and board changes.

Corazon Mining finished the September quarter with A$7.285 million in cash after raising A$16.5 million through equity issuance and spending A$7.75 million on tenements. The company reported an estimated 4.04 quarters of funding at its current cash outflow rate.

BMC Minerals has reported high-grade polymetallic drilling near its proposed Yukon mine, alongside a US$8.6 million quarterly operating cash outflow and five quarters of funding at current spending rates. The company also detailed the secured Wheaton financing arrangement that underpins part of the KZK project’s funding position.