Latest Development News

Norwood Systems reported A$808,000 in September-quarter customer receipts and positive operating cash flow, but ended the period with only A$14,000 in cash. Its UK and US Tier-1 opportunities advanced towards commercial decisions without yet becoming production contracts.

WA1 Resources has reported further high-grade niobium intersections at Luni as it works towards completing its Pre-Feasibility Study this quarter. The project enters its next phase with A$113.2 million in cash, a commissioned airstrip and key 2026 fieldwork largely complete.

Lunnon Metals has completed its first open pit broadly in line with feasibility expectations, lifting cash to $43 million and generating about $39 million in pre-tax free cash flow. The ASX-listed miner now faces a more speculative phase as it spends $13 million testing gold targets and weighs a possible return to nickel.

Deep Yellow has pushed back its targeted fourth-quarter Final Investment Decision for the Tumas uranium project, citing unfavourable equity market conditions. The delay comes as engineering reaches 85%, construction works begin and cash falls to A$144.7 million.

Forrestania Resources has completed its Edna May acquisition, raised approximately $310 million and secured a 62.04% relevant interest in Zenith Minerals. The company is now moving from development toward first processing at Edna May in the December quarter, while Lake Johnston refurbishment continues.

Many Peaks Minerals has extended the tested depth of its Ouarigue gold system beyond 900 metres, with a post-quarter hole returning 188.9 metres at 3.58g/t gold. The results will feed an updated resource estimate and a combined open-pit and underground assessment, while the company’s A$20.1 million cash balance supports the next phase of work.

Yari Resources has completed the Arcadia acquisition, lifting its combined reported Queensland coal resources to 504.9Mt and materially increasing its Indicated inventory. The enlarged portfolio brings product flexibility and infrastructure access, but also leaves Yari with technical work, contingent obligations and roughly two quarters of cash funding.

Antipa Minerals has returned a 22-metre gold interval grading 8.2 grams per tonne at its Minyari deposit, including 5.1 metres at 27.4 grams per tonne. The latest assays also extend mineralisation at GEO-01, WACA, Rizzo, Tim’s Dome and Chicken Ranch as drilling continues across the project.

West African Resources delivered record quarterly gold production of 127,950 ounces and generated A$458.2 million in operating cash flow, lifting cash to A$1.195 billion. The strong quarter keeps 2026 production guidance within reach, while Kiaka’s explosives constraint and a pending ownership transaction remain key execution issues.

Kingfish delivered a 10.2% gross return in the six months to September, but its shares ended the quarter at a 15.5% discount to NAV. The investment company also added Skellerup to its portfolio as Delegat, Vista and Fisher & Paykel Healthcare led quarterly gains.

Venari Minerals has funded the next stage of its Red Mountain lithium project after raising $6.1 million, while drilling and permitting advance in Nevada. The company is also testing whether strontium and magnesium can add value beyond lithium carbonate, although commercial recovery remains unproven.

Vault Minerals delivered record FY2026 earnings, generated A$887.9 million in operating cash flow and ended the year debt-free before agreeing to combine with Genesis Minerals. The company now enters FY2027 fully exposed to spot gold prices, with its Leonora expansion and merger vote setting the next major tests.