Latest Expansion News

InteliCare ended the September quarter with A$1.394 million in cash after an operating cash outflow of A$1.271 million, leaving just 1.10 quarters of estimated funding. The company is relying on customer receipts from expanding deployments, while continuing to assess funding options.

Broken Hill Gold has increased the Vertigo resource by 43% while drilling continues to reveal high-grade gold-copper sulphides beneath White Dam’s Icebreaker prospect. The company ended September with A$12.6 million in cash, but its proposed production restart still depends on further drilling, refurbishment and mine economics.

SRJ Technologies has reported a sharp increase in commercial activity and a growing flow of Middle East and international contracts, but its cash position remains tight. The ASX-listed asset integrity specialist says it is considering a short-term equity placement while it converts awarded work into cash receipts.

Southern Hemisphere Mining has reported broad copper-equivalent intersections at its Llahuin project in Chile and launched a new 2,000-metre diamond drilling program. The exploration momentum comes with a financing constraint: the company had $466,000 of available funding at quarter-end, equivalent to about 1.02 quarters of reported outgoings.

LGP Cannatrek generated A$4.4 million in net operating cash flow on unaudited quarterly revenue of A$26.0 million, providing the first clean look at the merged group’s operations. Cost synergies, Danish production upgrades and UK expansion are advancing, while a pending TGA penalty remains an unresolved risk.

Frontier Energy has moved its Waroona Renewable Energy Project into construction, while higher capacity credits lift forecast annual revenue, EBITDA and free cash flow. The next major test is financial close on up to $280 million of project debt, expected in November.

Alligator Energy has extended uranium mineralisation south of its Blackbush resource at Samphire while field recovery results feed into the project feasibility study. A $17.1 million capital raising and other receipts lifted quarter-end cash to $25.4 million.

Helix Resources has won shareholder approval for two exploration acquisitions and completed a $2 million placement, but entered the new quarter with only $63,000 in cash. The company is also facing an adverse British Columbia court order that set aside its Gold Basin joint venture.

AXP Energy reported higher quarterly oil and gas production after commissioning a 320 kW gas-to-power system in Oklahoma, but its cash position remains tight and the report contains conflicting cash figures. The company is relying on a capital raise to fund a proposed seven-well acquisition and further development.

Alice Queen’s first 20 Horn Island RC holes all intersected mineralised geological features, with assays returning grades as high as 68.0g/t gold and extensions beyond the existing resource boundary. Nine assays remain pending as the company prepares to assess whether the results can support a larger resource and advance its development case.

Complii FinTech Solutions ended September with $168,000 in cash after a $1.20 million operating cash outflow, leaving just 0.14 quarters of funding at the reported burn rate. Management points to cost reductions, stronger revenue and a $1.24 million R&D rebate received in October as the route to improved liquidity.

BauMart ended the September quarter with negative cash and cash equivalents of $199,000, despite raising $244,000 and repaying $250,000 of borrowings. The company expects an $80,000 modular-pilot inflow in December and plans another capital raising after its November AGM.