Latest Investment News

The Warehouse Group (NZX:WHS) returned to profit in FY26 and cut net debt by more than 80%, despite broadly flat comparable sales. The recovery came with a clear catch: The Warehouse brand remains loss-making and shareholders will receive no final dividend.

Latitude 66 returned to a A$1.71 million FY2026 profit as asset sales funded a larger gold resource base and major KSB milestones. But the auditor flagged material uncertainty over the explorer’s ability to continue without further funding.

Truscott Mining has confirmed gold mineralisation at a new Westminster structural target and is preparing diamond drilling ahead of a JORC 2012 resource update. The exploration progress comes alongside a larger loss, ongoing funding dependence and an auditor-highlighted material uncertainty over its ability to continue as a going concern.

Cauldron Energy has expanded its defined Yanrey uranium resource to 55.6 million pounds of U3O8 after a successful exploration year, while warning that further funding will be needed to continue operations. The project remains dependent on a change to Western Australia’s uranium mining policy.

Hawk Resources has reported broad near-surface copper mineralisation at its Cactus project, while its FY2026 loss widened and the company flagged a continuing need for fresh funding. The explorer ended June with A$4.52 million in cash after substantial equity raisings and has since secured an 80% Olympus scandium interest for A$1.36 million.

Andromeda Metals completed key early works at its Great White kaolin project and achieved 99.9986% HPA purity at pilot scale. But a $98.9 million impairment, $3.2 million cash balance and material going-concern uncertainty leave funding as the decisive hurdle.

Ten Cap Alpha Plus Fund swung to a $53.5 million operating loss in FY2026 as every unit class lagged the S&P/ASX 200 benchmark. Net assets fell to $1.38 billion, while its new TCAP active ETF completed its first partial year on the ASX.

Golden Dragon Mining’s first full financial year as an ASX-listed explorer delivered high-grade shallow gold results at Cue, but also a $735,073 loss and an auditor-highlighted material uncertainty over going concern. A subsequent $2.2 million placement has strengthened the balance sheet, leaving drilling results and funding discipline as the key tests for FY2027.

Minerals Exploration has pivoted decisively into New Zealand gold and tungsten, but its annual report carries a material going-concern warning after a $2.66 million loss and $949,097 operating cash outflow. Exploration has produced encouraging surface samples and broad gold zones, though no mineral resource has been established.

North Stawell Minerals has expanded and refined its Darlington-Caledonia exploration targets, including a post-year-end intercept of 0.4 metres at 17.1 g/t gold. But the gold explorer ended FY2026 with $701,960 in cash, a deeper loss and an auditor warning that further funding is needed to sustain operations.

NuEnergy Gas is moving its Tanjung Enim coal bed methane project towards targeted first gas sales in early 2027, backed by a US$88 million field service contract. But the ASX-listed developer ended FY2026 with only A$552,509 in cash, substantial liabilities and a material uncertainty around its ability to continue as a going concern.

Red Mountain Mining’s annual report shows a sharp rise in losses and continued reliance on equity funding, with auditors flagging material uncertainty over the company’s ability to continue as a going concern. Exploration has expanded across antimony, tungsten and gold projects, but the portfolio remains dependent on future funding and successful drilling.