Latest Cash Flow Reports News

Australian Oil has moved its Surat Basin restart strategy closer to production, with Emu Apple-1 producing about 14 barrels of oil a day without water and Major-4 preparations advancing. The company ended the quarter with A$1.415 million in cash after raising A$1.404 million, but reported funding of about 2.7 quarters at its current outgoings.

Pantoro Gold delivered 21,864 ounces from Norseman in the September quarter, while cash and gold rose to $240 million despite $36.3 million of project and exploration spending. Underground staffing recovered, Green Lantern began mining and Racetrack drilling returned further high-grade results.

OD6 Metals has converted a run of high-grade Nevada fluorspar discoveries into a proposed 10,000-metre maiden drilling and bulk-sampling campaign. The company ended September with A$1.775 million in cash, but a subsequent A$6.92 million placement lifted pro forma funds to about A$8.695 million before costs and later movements.

Harris Technology has started FY27 with $4.3 million in quarterly revenue, positive operating cash flow and a sharp reduction in borrowings. Refurbished technology accounted for about 60% of sales, although parts delays constrained August and September activity.

Solara Minerals has identified gold and silver in selective rock-chip samples along a quartz vein extending more than 400 metres at Myrnas Hill. The explorer is also preparing follow-up drilling at Wilgeena, while its $1.642 million cash balance points to a measured exploration runway.

Xstate Resources ended September with A$676,000 in cash and an estimated 0.97 quarters of funding based on historical outgoings. The company says lower future activity, A$300,000 of receivables and potential equity funding should support operations while Diona-1 flow testing remains under review.

Duketon Mining has completed 17 reverse-circulation holes at its Barlee gold project, while re-split assays confirmed several gold-bearing zones across five prospects. The next market test is pending assay data from 2,150 metres of follow-up drilling, expected in roughly two to three weeks.

Sierra Nevada Gold has started a 25,000-metre second-phase drilling campaign at its As Safra copper-gold project in Saudi Arabia, with the first assay results due in November. The company is directing capital and management attention to Saudi Arabia while exploring commercial options for its Nevada portfolio.

InVert Graphite has secured outright ownership of Curtin University’s RapidPulse technology while advancing a 2.56 million tonne contained graphite resource at Kumba. The company ended September with A$3.2 million in cash, giving it an estimated 5.5 quarters of funding at the latest spending rate.

Golden Dragon Mining has finished an approximately 2,800-metre RC drilling program at its Cue Gold Project after reporting high-grade results and a more than 3-kilometre gold corridor. The company also ended the September quarter with A$4.11 million in cash following a strategic A$2.2 million investment from Chengtun Gold.

Maronan Metals has completed more than 15,000 metres of a 40,000-metre infill program and is preparing to accelerate work at its Queensland project with a proposed A$20 million placement. The funding remains subject to shareholder approval, while a new chief executive is due to take charge in November.

Star Minerals has completed mining to 445mRL at Tumblegum South, with mineralised material stockpiled and awaiting transport to the mill. The next test is whether drilling, processing and a cash balance covering an estimated 2.09 quarters can carry the project into production.