Latest Cashflow News

Australian Silica Quartz Group has completed a 200-tonne bulk sample at White Swan and is preparing 50 tonnes for shipment to prospective Chinese customers. The customer program is advancing, but ASQ held $912,000 in cash at quarter-end and estimated only 1.7 quarters of funding without proceeds from a Bindoon property sale.

Nickel Industries delivered US$125.9 million of adjusted EBITDA in the September quarter, led by a second consecutive record from the Hengjaya Mine. Its new ENC HPAL project reached 50% of nameplate capacity, but severe dry conditions delayed the next step: commercial sales.

Patagonia Lithium has completed its latest Cilon drilling campaign with Well 8 delivering 2,043 litres per hour and rapid aquifer recovery, while a corrected estimate put the pumped lithium at a preferred 30kg. The result now feeds into a resource upgrade, but a disappointing Well 9 infill hole adds uncertainty about aquifer continuity.

ACDC Metals has moved Mount Jackson from target generation towards field execution, with BLM approval now in hand for a 15-hole program and up to 2,500 metres of RC drilling. The company ended September with $2.744 million in cash after raising $976,000 from an entitlement offer shortfall.

Microba has secured a $2.025 million placement while cutting costs further, launching GI Navigator and advancing its proposed merger with Genetic Signatures. The funding comes as the company reports strong Australian testing growth but only about one quarter of cash cover before the raise.

Wia Gold has emerged from a pivotal quarter with a 1.95Moz Probable Ore Reserve, A$229.2 million in cash and a proposed US$360 million debt facility supporting its Kokoseb development plan. Construction preparations are advancing, but lender approval, definitive financing documents and Namibian permits remain crucial hurdles before early works can begin.

TG Metals has advanced its Van Uden gold development and Lake Johnston lithium project, including a high-return heap-leach study and a maiden 6.71Mt lithium resource. But the ASX explorer ended September with A$1.523 million in cash, equivalent to just 1.05 quarters of funding at the reported spending rate.

Hazer Group has expanded its commercial pipeline through a paid Japanese utility study assessing hydrogen facilities of up to 300,000 tonnes per year, while its KBR alliance advances a standardised commercial-scale design. The company ended September with A$8.3 million in cash and reported A$12.9 million in pro-forma funding, but remains pre-revenue in the quarter.

Buru Energy has applied for a Production Licence covering its wholly owned Rafael gas and condensate field in Western Australia, moving the project into another key regulatory phase. The application follows the booking of 15.25 MMboe of 2P Reserves and keeps planned 2027 drilling and early 2029 first gas in view, subject to approvals and funding.

Cue Energy delivered $19.8 million in operating cash flow and maintained its dividend in FY2026, despite lower profit, shrinking reserves and asset impairments. With Horizon Oil now controlling 57.03% of the register, the company enters FY2027 with a new board and an unusually busy drilling schedule.

Santana Minerals has moved the Bendigo-Ophir Gold Project closer to development, with a draft Fast-track Approvals decision expected in the December quarter and a competitive project debt process now underway. Strong Rise and Shine drilling and an A$179.7 million quarter-end cash balance provide further support, although construction remains conditional on approvals, financing and a final investment decision.

KGL Resources has approved the final investment decision for its Jervois copper project, moving the Northern Territory development into full execution. About 60% of project costs are under executed contracts, while first concentrate remains targeted for the first half of 2028.