Latest Distribution News

GWR Group returned $19.85 million to shareholders during the September quarter, but its balance sheet remains exposed to unresolved Wiluna West liabilities. The company says $12.69 million in State royalties is overdue while the transfer of the tenements to Gold Valley remains incomplete.

Xenitra has returned to positive quarterly gross profit as its new pharmaceutical and Web3 businesses begin generating revenue, but statutory operating cash flow remained negative at A$790,000. The company is now relying on procurement targets, repeat Web3 sales and further capital discipline to turn early commercial activity into sustainable cash generation.

Radiopharm Theranostics is preparing to start a pivotal RAD101 brain-metastases imaging trial in early 2027 after a successful FDA meeting. The clinical progress comes with a sharper funding question: the company reported A$7.46 million in cash against A$10.69 million of quarterly operating outflows, before a subsequent A$8 million tax-incentive-backed advance.

Noronex has completed its Sleitat tin project acquisition and expanded the mapped Alaskan greisen system beyond one kilometre, but the explorer ended September with A$1.135 million and only 1.28 quarters of estimated funding. Assay results, South32-backed drilling and a potential capital raise now sit alongside the company’s exploration ambitions.

Citigold has identified four priority exploration targets at Charters Towers, but no drilling was completed during the September quarter and its reported cash runway fell below half a quarter. The company is also heading into two meetings seeking to replace its board as it pursues funding for the mine restart.

Merino & Co. entered FY2027 with A$1.404 million in cash after a A$1.010 million capital raising, giving the company more room to develop its botanical dye project and expand fulfilment. The stronger balance sheet came alongside a A$164,000 operating cash outflow and fully drawn NAB loan facilities.

Third Age Health lifted first-half revenue 20.8% and statutory profit 38.4% as aged medical care services supplied almost all of the growth. The NZX-listed healthcare provider maintained its 4 cents per share quarterly dividend while warning that cybersecurity and technology investment could weigh on near-term earnings.

SportsHero says its rebuilt HeroPlay Gaming Universe is nearly ready for a November commercial launch after adding commerce, vouchers, payments and digital entertainment products. The expansion broadens the platform materially, but the next test is whether those capabilities translate into transaction revenue before cash burn becomes more pressing.

Strike Resources has completed new exploration work at its Apurímac iron ore project, but its proposed A$5.5 million minority stake sale remains subject to conditions and has no confirmed completion date. The company ended September with A$877,000 in cash and estimated funding for about two quarters.

Pure Resources has moved its Garnet Hills strategy from concept towards laboratory validation, with heavy rare earths recovered into solution, CNTF fabrics manufactured in-house and garnet meeting key abrasive standards. The milestones remain early-stage, with no quantified rare earth recovery or commercial revenue reported.

Redcastle Resources has reported a 6,600-ounce Mineral Resource on its ROM pad, while mining remains suspended because the planned third-party toll-treatment pathway has been deferred. The company ended September with $1.097 million in cash, equivalent to 1.54 quarters of funding at the reported expenditure rate.

Gibb River Diamonds is using a cash balance of A$6.35 million to pursue Western Australian gold acquisitions, while shareholders prepare to vote on a proposed name change. Edjudina drilling delivered a standout 7.80 grams-per-tonne result, but broader grades were below expectations.