Latest Development News

Kinetiko has received a further A$400,000 from its placement and now forecasts about A$6.0 million in pro forma funding for Brakfontein. Most of that funding remains conditional on shareholder approval and a separate project financial close.

Zimi has moved its next-generation Matter smart-home range closer to certification and production, while securing access to more than 10,000 retail outlets through Directed. But the company ended September with $344,000 in cash after burning $714,000 on operations, leaving further funding firmly in the frame.

Macallum New Energy has locked in an approximately A$3 million placement to fund EP 494 farm-out work, technical studies and preparations for potential drilling in late 2027. Most of the raising can proceed under existing placement capacity, while director participation and broker options require shareholder approval.

VBX has raised $4.5 million to advance its Wuudagu bauxite project, while extending the definitive feasibility study into the first quarter of 2027. The company is also assessing preliminary development funding proposals after terminating an indicative thyssenkrupp term sheet to preserve strategic flexibility.

Aurora Labs has secured $6 million to expand production of its additively manufactured turbojet systems, with Walkinshaw Group joining the placement as a strategic investor. The raise will fund equipment, production infrastructure and the company’s push from early deliveries towards scaled commercial manufacturing.

First Au has spent the September quarter assembling a broader Western Australian gold portfolio, completing Riverina East, advancing First Hit drilling and pursuing a recommended takeover of Javelin Minerals. The expansion comes with $1.4 million in cash, multiple conditional transactions and assay results still pending.

Nico Resources has completed about 70% of a 6,000-metre infill drilling program at its Wingellina nickel-cobalt project, with initial assays expected in November. The technical progress comes as nickel and cobalt prices weaken and a proposed downstream partnership remains non-binding.

Aurum Resources has expanded its Boundiali Mineral Resource by 19% to 3.84Moz, with Indicated Resources rising 37% to 2.33Moz after infill drilling. The Ore Reserve remains unchanged for now, leaving the late-2026 DFS and mining licence approvals as the next major tests.

Globe Metals & Mining Limited (ASX:GBE) has begun early mining at its Kanyika niobium and tantalum project in Malawi, moving from site preparation to physical excavation. The milestone comes with only 1.1 quarters of reported funding and a potential requirement for substantial additional capital.

Metal Bank has shifted its first-production focus to the larger Homestead deposit in Western Australia, targeting production in 2027 as mining approvals and technical studies advance. The company also raised a further $752,400 after quarter end, but the path from resource to mine still depends on drilling, metallurgy, approvals and funding.

Archer Materials has moved its IonQ relationship into early commercial activity and advanced its Biochip towards external testing, but its graphene spin qubit demonstration is taking longer than expected. The company ended September with $A13.0 million in cash and an estimated 4.68 quarters of funding at its quarterly operating burn.

betr Entertainment delivered a 19.1% lift in first-quarter turnover and reaffirmed its FY27 earnings target, but customer-favourable results pushed operating cash flow $6.8 million into the red. Early October trading points to a sharp margin recovery, putting the company's peak-season execution under scrutiny.