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Condor Energy has completed an independent development study for its 1 Tcf Piedra Redonda gas project and received formal qualification to negotiate a proposed offshore Peru licence. The company ended the September quarter with A$2.945 million in cash and estimated funding of 6.62 quarters.

Sheffield Resources reported record quarterly ore mining and lower unit costs at its 50%-owned Thunderbird mine, while zircon shipments nearly doubled and pricing improved. The operational gains arrive as lenders consider a standstill that could defer Kimberley Mineral Sands’ debt obligations until June 2027, but no agreement is guaranteed.

White Cliff Minerals has intersected high-grade copper beneath a spectacular historic surface trench at Bornite Hills, adding a second exploration front to its Rae Copper Project. The early results are encouraging, but the geometry and true thickness of the mineralisation remain unresolved.

Westgold Resources delivered record FY26 production, earnings and cash generation while expanding its gold reserves and laying out a path towards 500,000 ounces a year. The challenge now shifts from funding growth to executing a crowded pipeline of mine, mill and exploration projects without losing operational discipline.

Bass Oil’s September-quarter production rose 21% to 23,944 barrels after Bunian 6 came online, while sales revenue reached A$2.82 million. Cash fell to A$2.07 million as drilling and development spending continued, leaving the company with an estimated two quarters of funding under its Appendix 5B calculation.

Carnegie Clean Energy has moved its flagship CETO wave-energy project towards offshore deployment in Spain, but the technology developer ended 2026 with a wider loss, $996,347 in cash and a material uncertainty over its ability to continue as a going concern.

AIC Mines delivered record FY26 revenue, profit and operating cash flow while advancing Jericho and the Eloise processing plant expansion. The growth plan is gaining operational momentum, but it is also increasing debt, execution demands and exposure to copper and diesel prices.

Sunrise Energy Metals has completed key Syerston engineering work and received a conditional commitment for up to US$400 million in long-term debt from the U.S. Office of Strategic Capital. The project’s revised scope now carries an estimated A$450 million to A$475 million capital cost, while the proposed Nasdaq redomiciliation remains subject to multiple approvals.

Patagonia Lithium’s application for a 1,000-tonne lithium carbonate demonstration plant has passed the gazettal stage in Argentina, but final environmental approval remains outstanding. The company has also pushed back its Mineral Resource Estimate update by five weeks while it resolves conflicting porosity data.

Equus Energy has secured a binding conditional 10-year gas sales agreement with Alcoa covering about 50 TJ a day, while receiving US$1.5 million to fund the next stage of project partnering. The milestone strengthens the commercial case for the Equus Gas Project, but the development remains pre-FID and requires substantial capital, partners and approvals.

Black Cat Syndicate maintained its FY27 production and cost guidance despite a capital-heavy quarter that pushed cash and liquid investments down by A$27.7 million. Paulsens remained steady, while Kal East’s ramp-up and a new A$30 million cash improvement program now dominate the execution story.

Mineral Resources has maintained FY27 guidance after a record quarter for mining services and lithium sales, while Onslow Iron delivered its strongest export month yet. The gains came with a sharp fall in lithium prices, elevated Mt Marion costs and a leadership change in the lithium division.