Latest Development News

Hastings Technology Metals has completed its 49% acquisition of a Thai hydrometallurgical plant, with upgrades targeting 12,000 tonnes per annum of Mixed Rare Earth Chloride output. The company now faces the harder test: commissioning the facility, securing customers and converting a contracted feedstock position into sales.

Thrive Tribe Technologies has made progress on its defence and veteran software ambitions, but ended September with just A$20,000 in cash after a A$573,000 operating outflow. Its proposed A$2 million placement remains uncommitted and requires shareholder approval in November.

Biotron’s BIT-HBV001 produced up to a 99.7% reduction in HBV-DNA in cell-based studies, while combination testing with Myrcludex B showed antiviral synergy. The company is also refining SedRx’s European regulatory pathway, but had A$1.06 million in cash at quarter-end, equivalent to 2.15 quarters of funding at the latest operating burn rate.

Magnetite Mines has raised approximately $1.32 million after its shareholder purchase plan reached capacity and a follow-on placement absorbed excess demand. The funding gives the Razorback project more room to progress, although the proposed free options remain subject to shareholder approval.

AusQuest’s Cangallo copper-gold discovery has been declared a Project of National Interest by the Peruvian Government, strengthening surface-rights protection and project security for the next four years. The designation arrives as the company prepares a 20-pad drilling campaign and seeks approval for another 20 pads in 2027.

Warburg Pincus has raised its non-binding proposal for Ingenia to $5.45 per stapled security, potentially delivering up to $5.50 including a permitted distribution. The increase has triggered AVID Property Group’s right to match or exceed the offer, while Ingenia’s Peet transaction remains in force.

Oceana Metals is positioning its 100%-owned Serra Negra project in Brazil as a large-scale rare earths opportunity, backed by broad, high-grade exploration results and a four-rig drilling program. The next test is whether those results can be converted into a maiden mineral resource and, eventually, an economically viable project.

Strata Minerals has identified multiple untested structural trends across its Zelica Gold Project after interpreting high-resolution airborne magnetic data. The targets extend beyond a maiden 42,000-ounce resource, but still require geochemistry and drilling to determine whether they host additional gold.

Asara Resources has lifted the Kada Gold Project’s Mineral Resource by 125% to 2.08 million ounces, with Indicated Resources now accounting for 1.27 million ounces. The Guinea-focused explorer is directing its next phase towards a Definitive Feasibility Study while continuing resource conversion drilling and expanding its regional ground position.

Adheris Health delivered a stronger first quarter on revenue, margins and its CY27 sales pipeline, but ended September with US$3.5 million in cash after a US$3.1 million operating outflow. The company also disclosed the impending loss of a major pharmacy partner and a US$2.3 million-plus legal claim.

Mithril Silver and Gold (ASX:MTH) has identified Target 4 at Copalquin as a potential second resource area after drilling returned wide, high-grade silver-gold intercepts across a 550-metre strike. The company has also started a preliminary economic assessment for Target 1, but its A$4.1 million cash balance leaves limited room before further funding may be needed.

Alliance Nickel has approved a second phase of vat-leach testing at NiWest after preliminary results supported continued evaluation of an alternative processing route. The potential prize is a major reduction in water infrastructure, but the company still has to prove the metallurgy, groundwater supply and economics.