Latest Expansion News

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.

GenusPlus has completed its acquisition of New Zealand telecommunications contractor UCG, extending the group’s communications infrastructure footprint into New Zealand and the Pacific Islands. The upfront consideration was funded from existing cash reserves and a debt facility, but the company has not disclosed the purchase price or expected earnings contribution.

PARKD has secured two early-stage contracts, added Symal as its exclusive partner in Victoria and South Australia, and lifted pro forma cash to about A$850,000 through a strategic placement. The progress comes against a sharp liquidity squeeze, with just A$53,000 in cash at 30 September and funding equivalent to 0.21 quarters before the raise.

Tesoro Gold has moved El Zorro’s Ternera deposit from a defined resource to a 1.28Moz mineable reserve, while a newly committed A$40 million placement addresses a reported 1.61-quarter cash runway. The next stage is less about proving the orebody and more about completing the DFS, permitting the project and converting funding into development progress.

Kingsland Minerals ended the September quarter with $752,000 in cash and estimated funding for less than one quarter at current outgoings. Discussions with major shareholder Quinbrook remain non-binding, while the company has paused Leliyn exploration and is considering drilling its gold and uranium projects.

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.

Fulcrum Lithium has delivered a 10.7 million tonne lithium carbonate equivalent resource at Alkali Flats, while advancing acid-free extraction tests and securing approval to drill Dry Canyon. The progress comes with only A$875,000 in cash and no stated plan to raise more funds.

Diatreme Resources has set out a sizeable economic case for its Northern Silica Project, with a pre-tax NPV of $1.29 billion for the base case and $2.419 billion if production expands. The catch is more immediate: the company held $1.9 million in corporate cash at quarter-end, equivalent to about 2.4 quarters of funding at its reported spending rate.

Norfolk Metals has extended the deadline for its proposed Ciclón copper acquisition to 31 December and reduced the minimum capital raising requirement to A$75 million. The deal remains dependent on funding, ASX reinstatement and other conditions, while the company reported just $155,000 in quarter-end cash before drawing a related-party loan.

Aruma Resources has extended the high-grade Tillex copper-silver zone to about 230 metres, with Phase-2 drilling returning several broad, near-surface intersections in Ontario. The explorer has also expanded the project’s interpreted trend to 3.2 kilometres and secured $3.5 million to keep drilling, although quarter-end cash stood at just A$214,690 before most placement proceeds arrived.

Invex Therapeutics has paired its proposed acquisition of Rekover Therapeutics with a $10 million equity raising to fund a Phase 2a multiple sclerosis study and its existing Exenatide programs. The biotech ended September with A$3.59 million in cash, with shareholder approval still required for the larger part of the transaction.

FirstWave Cloud Technology delivered positive EBITDA in its first FY27 quarter, but cash fell to just A$83,000 before a post-quarter A$1.06 million placement restored near-term liquidity. The company is now balancing product launches and AI commercialisation against A$1.3 million of contract renewals due in December.