Latest Expansion News

White Energy has added coal assets in Queensland and Alabama, raised $15 million and completed the South Galilee acquisition after quarter-end. The company ended September with $8.252 million in cash, while exploration delivered fresh copper-gold-silver indicators at Specimen Hill.

Visionflex ended the September quarter with A$657,000 in cash and estimated funding for just 2.1 quarters, while aged care subscription losses drove a 25% fall in reported ARR. Revenue edged higher and costs improved, but the company now needs hardware wins to become recurring income before liquidity tightens further.

Altair Minerals has reported gold in all six deep trenches at South Oko, led by a 10m interval grading 10.15g/t, while expanding Greater Oko and accelerating a fully funded drilling campaign. North Peters has also produced visible gold in core, although laboratory assays are still pending.

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.

Argent Minerals has added weight to the expansion case at its Kempfield silver project, with high-grade mineralisation extending beyond the current resource boundary. But the ASX-listed explorer ended September with A$1.725 million and an estimated 1.34 quarters of funding at its current cash outflow.

Paterson Resources has begun the next test of its Grace Gold Project, with a 9,200 metre drilling campaign targeting resource growth and a partial upgrade from Inferred to Indicated status. The ASX-listed explorer ended September with A$1.4 million in cash, no debt and a disputed contractor claim hanging over the balance sheet.

Codrus Minerals has completed its acquisition of EdgeMet, adding projects in Peru and Queensland while initial rock-chip sampling at Tiquihua returned results above 5% molybdenum and 10% copper. The explorer ended September with A$2.02 million in cash after a A$2.5 million placement.

Tungsten Mining has moved Watershed into early construction while financing proposals potentially cover about 70% of its A$274 million pre-production capital requirement. The September quarter also delivered a large-scale Mt Mulgine PFS, a A$50 million placement and A$70.1 million in cash.

Felix Group lifted contracted ARR 10.6% year on year to $13.5 million in Q1 FY27, led by Nexvia and enterprise expansion. The software company ended September with $1.5 million in cash and estimated funding of just 1.12 quarters before the latest capital raising is fully available.

Ark Mines has sharply expanded the reported Sandy Mitchell resource to 379.4Mt, with 97% now classified as Measured and Indicated. Early ANSTO testwork also returned up to 99.6% light rare earth extraction, although the project still faces funding, metallurgical and development hurdles.

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.

Narryer Metals is nearing completion of its Redhill Copper Project acquisition in Chile, adding an existing inferred resource and a much larger conceptual exploration target. The deal is backed by a proposed A$1 million placement from 29Metals, but Narryer ended the quarter with only A$927,000 in available cash.