Latest Funds News

Group 6 Metals has posted a dramatic FY26 turnaround, with revenue reaching $129.0 million and net profit after tax rising to $148.2 million. The stronger balance sheet now faces its next test: converting stockpile-fed production and newly started underground mining into repeatable cash generation.

Codrus Minerals has completed its acquisition of EdgeMet, adding copper and molybdenum exploration projects in Queensland and Peru alongside early-stage technology from Rice University. The transaction was funded with 230 million shares, 60 million performance rights and A$100,000 in upfront cash.

APC Minerals has replaced its FY2026 annual report after finding a version-control error in the independent auditor’s report. The corrected filing leaves a more consequential warning intact: the explorer needs near-term equity funding to remain a going concern.

FirstWave Cloud Technology has sharply reduced its FY26 loss and generated positive operating cash flow as network monitoring and Latin American revenue accelerated. But a $5.35 million net current asset deficiency, covenant breach and planned capital raise leave the turnaround dependent on continued execution.

Riversgold has lodged the Mine Development and Closure Proposal for its Northern Zone open-pit project near Kalgoorlie, moving the planned mine into its final major approval phase. The project remains conditional on regulatory sign-offs, but MEGA Resources is set to fund development under an extended cooperation agreement.

Flagship Minerals has outlined a conceptual 22 million to 40 million tonne tungsten Exploration Target at its Khao Soon project in southern Thailand. The company is now weighing a sale, spin-out or joint venture for the non-core asset, but the target remains well short of a Mineral Resource.

Investor Centre’s FY2025 report lays bare the financial strain behind its proposed revival: revenue collapsed, cash fell to just $3,320 and liabilities exceeded assets by $3.81 million. The company is now relying on an unsecured Lake Volta Investments facility and a non-binding restructuring plan after its brokerage subsidiary lost its AFSL.

Tolu Minerals has set out a Q1 2027 restart target for its Tolukuma gold-silver mine in Papua New Guinea, backed by a recently upgraded 909,000-ounce resource and refurbishment of an existing processing plant. The company says it has sufficient funding to reach production, but the timetable remains dependent on mine development, plant work and operating execution.

Aurum Resources has reported its best-ever grade-thickness intercept at the Boundiali Gold Project, led by 28.8 metres at 22.92 g/t gold from the BST1 deposit. The results are intended to support an early fourth-quarter resource update and a definitive feasibility study due late in 2026.

Yancoal has completed its US$1.85 billion purchase of an 80% interest in Queensland’s Kestrel metallurgical coal mine, materially expanding its operating portfolio. The deal also leaves up to US$550 million in contingent payments tied to future coal prices.

Australian Foundation Investment Company (ASX:AFI) plans to pay a fully franked 37 cents per share in FY27, including a 10-cent special dividend. The listed investment company will also replace its traditional payment pattern with four quarterly distributions of 9.25 cents.

Lynas Rare Earths has agreed to acquire Meteoric Resources in an all-share deal valued at about A$968 million, adding the Caldeira rare earths project in Brazil to its portfolio. The proposed transaction would materially expand Lynas’ resource base, but still depends on shareholder, court and Brazilian regulatory approvals.