Latest Development News

Norfolk Metals ended FY2026 with a sharply higher loss, just A$807,974 in cash and a material uncertainty over its ability to continue as a going concern. Its proposed Chilean copper expansion now depends on a minimum A$75 million capital raising, ASX re-compliance and completion of the Ciclón and Condor transactions.

Raiden Resources has resubmitted the environmental documentation needed to support a permit re-issue for its Crixás gold tailings project in Brazil. The company says approval would allow it to begin evaluating drilling, metallurgy and a potential near-term production pathway, although the project still has no JORC-compliant resource or reserve.

Encounter Resources has grown its Aileron niobium resource by 54% to 120 million tonnes while moving the West Arunta project into mining lease, metallurgical and development work. The company also ended FY2026 with $26.9 million in cash and term deposits, but still has no Ore Reserves or operating revenue base.

Atlantic Lithium has received FIRB approval for Zhejiang Huayou Cobalt’s proposed A$292 million takeover, while Huayou has completed the transfer of Elevra’s Ghana project rights and agreed to fund up to US$66 million of remaining development obligations. The scheme still requires shareholder and court approval, with the first hearing scheduled for 5 November.

Jatcorp’s Q1 FY27 revenue fell 52.4% to A$4.66 million as a sharper seasonal downturn in China hit brand sales and OEM orders. Cash fell to A$3.727 million after A$2.145 million of operating outflows, leaving the company’s reported funding estimate at 1.7 quarters.

Global Lithium’s annual report captures a pivotal shift from lithium developer to takeover target, after the Manna-Nova integration study lifted estimated post-tax NPV8 to about A$946 million and cut funded pre-production capital by 59%. The proposed A$333 million Titan transaction offers shareholders cash value while leaving Manna’s development timetable subject to approvals, funding and execution.

MCS Services reported a $467,000 net cash outflow for the September quarter, leaving $1.305 million in cash and no operating business after its Traffic Business sale. Its securities remain suspended while the company explores a potential acquisition and ASX recompliance transaction with no agreement yet signed.

Clean TeQ Water delivered a stronger FY26, with revenue up 71% to A$19.7 million, positive operating cash flow and a narrowed loss. The bigger shift is commercial: major water and critical-minerals contracts are moving into execution while the Rasp Mine agreement creates the company’s first recurring revenue stream.

Ballymore Resources has reported further high-grade silver-lead-zinc-indium mineralisation at Torpy’s while advancing underground work and exploration at Dittmer. The stronger exploration picture comes with a sharper funding question: the company held $2.67 million in cash at quarter end, equivalent to an estimated 1.2 quarters of funding at the reported spending rate.

Elixir Energy has reported encouraging early flow results from its Lorelle-3H appraisal well while securing a $205 million strategic farmout with Beach Energy. The deal offers a four-year funding pathway, but the well’s post-soak performance and transaction completion remain important next tests.

OncoSil Medical delivered sharper commercial growth and a string of regulatory milestones in FY26, but the oncology device company remains heavily loss-making and dependent on future sales or fresh capital. Revenue rose 44% to $1.68 million while operating cash outflow reached $10.47 million.

WIN Metals has strengthened the funding position for its proposed Radio gold restart, while retaining a project that still requires approvals, further financing and a final investment decision. The preliminary study forecasts A$18.1 million of pre-tax NPV8 and 20.2koz of recovered gold, but the company ended September with only A$1.16 million in cash before the post-quarter Astral receipt.