Latest Impairments News

Canterbury Resources enters FY2027 with just $220,503 in cash, net current liabilities and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The explorer is targeting at least $2 million in additional funding while advancing the Monto and Briggs copper projects.

Orbminco has shifted from exploration to gold development, with Majestic North now carrying a 50,300-ounce JORC resource and a proposed low-capital route towards production. The annual report also flags material uncertainty over going concern as cash stood at $1.92 million after a loss-making year.

Pioneer Minerals has warned of a material uncertainty over its ability to continue as a going concern after closing FY2026 with just A$80,302 in cash. The company is relying on a proposed A$2.5 million capital raising while pushing its Idaho tungsten-gold-gallium project towards maiden drilling.

Blaze Minerals reported a narrower FY2026 loss, but ended the year with just $43,552 in cash and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company is relying on shareholder-approved funding, a proposed 20:1 consolidation and a conditional Ugandan tungsten acquisition to reshape its next phase.

Tempest Minerals has reported a $4.62 million FY2026 loss after impairing $3.28 million of exploration assets, while cash fell to $969,693. The company retains exposure to Range gold drilling, the Remorse iron deposit and a $3.08 million Capricorn Metals shareholding, but says further funding will be needed to sustain exploration.

Duxton Farms has warned of a material uncertainty around its ability to continue as a going concern after a merger-driven loss, sharply higher borrowings and heavy cash outflows. The agricultural group is relying on asset sales, cost reductions and fresh funding while it tries to shift from mature broadacre assets into longer-dated development projects.

Resource Base Limited (ASX:RBX) reduced its FY2026 loss, but ended the year with only $140,776 in cash and an auditor warning of material uncertainty over its ability to continue as a going concern. The company is relying on fresh capital to advance early-stage titanium targets in South Australia.

AdNeo Limited (ASX: AD1) nearly doubled operating revenue in FY26 and delivered its first full-year operating cash inflow, marking a sharp turnaround after the Learnt Global acquisition. The recovery remains incomplete, with a $3.97 million loss, significant current liabilities and an auditor-drawn material uncertainty over going concern.

Juno Minerals has completed the sale of its Mount Mason project for A$6 million plus a 2% production royalty, but the buyer has pushed development into 2027. The company is now concentrating on finding a partner for its large, capital-intensive Mount Ida magnetite project.

TrivarX has made Stabl-Im its central development bet, but the ASX-listed health technology company also reported an $8.76 million FY2026 loss and an auditor-flagged material uncertainty over its ability to continue without further funding. The planned Phase 1 study remains subject to regulatory, ethics and operational clearances.

eMetals has shifted its exploration focus from Uganda to a larger Utah tungsten project, where high-grade re-assays have set up a 17-hole drilling campaign. But the ASX-listed explorer ended the year with $1.79 million in cash, $1.40 million of deferred consideration and an auditor-highlighted material uncertainty over its ability to continue as a going concern.

Riedel Resources has completed the equity-funded acquisition of the Cosmo and Mt Venn gold projects, expanding its exploration portfolio beyond Arizona. But the annual report carries a material going-concern uncertainty, leaving future drilling dependent on further capital and execution.