Latest Funds News

Emperor Energy has secured NOPSEMA approval for the Judith-2 appraisal well, removing a major regulatory barrier ahead of targeted drilling in April 2027. The well will test a 166 Bcf contingent gas resource and investigate deeper prospective sands, although commercial conversion remains unproven.

Paradigm Biopharmaceuticals has entered voluntary administration after its pivotal Phase 3 trial produced an interim efficacy result below the threshold required for continuation. The company’s securities will remain suspended while administrators assess its viability, liabilities and possible restructuring options.

Silver Mines has built a substantially larger economic case for Bowdens, but the project still needs NSW approval before its 93.5 million ounce reserve can become a mine. The company is now funding the next phase with a A$70 million placement while absorbing dilution and a major royalty buy-back.

Papyrus Australia has produced a second batch of TBS board samples, expanded pulp capacity in Adelaide and secured additional funding as it moves towards commercial supply. The progress comes with testing still incomplete and an estimated 4.87 months of funding available.

Felix Gold advanced bulk extraction, processing and refinery plans at its Alaska antimony project in FY26, but the push came with a larger loss, falling cash and an auditor-documented material uncertainty over going concern. A potential US$18 million Department of Energy award remains subject to negotiation rather than a committed funding source.

Accelerate Resources enters FY2027 with high-grade manganese targets at Woodie Woodie North and new gold zones at Balagundi, but a sharp annual loss and ongoing funding needs remain part of the story. The company plans maiden and follow-up drilling while seeking shareholder approval to rename itself Mango Metals.

Cyprium Metals says its long-delayed Nifty Copper Complex is entering the final commissioning phase, with first copper cathode production expected in the December quarter of 2026. The restart is backed by A$121 million in equity raisings, a refinanced US$27.3 million loan facility and A$68.5 million in cash at year-end.

Barton Gold has moved deeper into development after raising $40.9 million, completing its largest-ever drilling campaign and ending FY2026 with $31.9 million in cash. The progress came alongside a $22.4 million loss as spending accelerated across Tunkillia, Challenger, Tolmer and Wudinna.

Yugo Metals finished 2026 with A$6.29 million in cash after raising A$8.6 million, giving its Bosnia and Herzegovina exploration program more financial room. The trade-off was a net loss of A$3.93 million, more than double the previous year, alongside substantial equity issuance and ongoing funding risk.

Resolution Minerals has turned Horse Heaven into the centre of its strategy, pairing broad gold drilling with high-grade antimony and tungsten test work. The expansion came with a sharply higher A$53.3 million FY2026 loss and a disclosed dependence on future funding.

Osmond Resources has outlined a 60.0 million tonne maiden JORC resource at its Orión critical minerals project in Spain, but most of the inventory remains Inferred and unproven economically. The company will resume drilling in October, with an updated estimate targeted for the first quarter of 2027.

Ausbil Global SmallCap Fund reported A$19.38 million in total comprehensive income for the year ended 30 June 2026, up from A$14.67 million. Net assets rose to A$133.75 million while the fund’s management fee was reduced from 1.20% to 0.90% per annum during the year.