Latest Distribution News

Arika Resources has identified a previously unrecognised gold lode at its Kookynie project after drilling returned 19 metres at 7.99g/t gold, including 6 metres at 15.87g/t. The early-stage discovery sits above the historic Champion Main Reef and opens several follow-up targets along a 3km mineralised trend.

Djerriwarrh Investments has declared a fully franked first-quarter FY27 dividend of 3.75 cents per share and is targeting the same payment for the second quarter. The second distribution remains subject to market conditions and final Board approval.

Venus Metals has completed a second 1,541-metre RC drilling program at Bellchambers after intersections including 20 metres at 2.72 g/t gold. The explorer ended September with $25.8 million in cash and Rox Resources shares, despite returning about $35 million to shareholders during the quarter.

Cadoux has extended WIM-style rare earth-zircon mineralisation onto its Wimmera joint venture ground, with Toolondo returning 20 metres at 0.86% in-situ zircon from just 8 metres. The result is promising but remains early-stage: rare earth chemistry is incomplete and no resource has been estimated.

Carnaby Resources shareholders supplied strong proxy backing for Evolution Mining’s proposed takeover, with 94.99% of proxy votes cast in favour. The final poll result was not included in the announcement, leaving Court approval as the next major hurdle if the scheme passes.

Pure Foods Tasmania reported a sharper September quarter, with customer receipts rising to A$1.22 million while operating cash outflow fell to A$311,000. The company remains cash flow negative and reliant on financing capacity, but says the figures mark progress towards a sustainable turnaround.

Biome Australia has reported record pharmacy sell-through, further market-share gains and positive operating cash flow as it begins manufacturing Activated Probiotics domestically. The quarter also moved its China expansion and BMB18 clinical trial closer to key execution milestones.

Tartana Minerals has reported striking reconnaissance assays from historic workings across its Far North Queensland portfolio, led by 26.7% copper at Ortona. The results broaden the exploration pipeline, but follow-up mapping and drilling are still needed to establish continuity and scale.

Capricorn Metals has reported further high-grade gold intersections at Mt Gibson, with Lexington mineralisation extending beyond current pit and underground designs. The results support a planned maiden underground resource at Lexington later this quarter, but remain exploration results rather than an Ore Reserve.

Echo IQ’s FDA-cleared EchoSolv AS platform processed 9,697 full-result assessments in the September quarter, while the company ended the period with A$107.8 million in cash. The stronger balance sheet gives it room to pursue US enterprise deployments, but commercial conversion and the unresolved EchoSolv HF regulatory pathway remain the key tests.

Vection Technologies has confirmed a $1.35m FY27 annual revenue order from a classified national security and law enforcement customer, extending a programme that has run continuously for more than five years. The revenue is expected to be fully recognised during FY27, although the customer and contract terms remain undisclosed.

Peregrine Gold has advanced a portfolio of Pilbara gold targets, from a 4km auriferous palaeogravel zone at Capricorn to high-grade rock-chip results at Pilgangoora North. A $2.25 million placement strengthens the near-term exploration program, although quarter-end cash covered less than one quarter of reported outgoings before the raising.