Latest Jorc Resource News

Raptor Metals completed its transformation into a Canadian copper and polymetallic explorer in FY2026, backed by drilling success at Chester and new Bathurst Mining Camp acquisitions. But the company’s $3.28 million loss, $3.97 million operating cash outflow and auditor-flagged funding uncertainty leave the next capital raise as a central investor question.

Krakatoa Resources advanced drilling at its flagship Zopkhito antimony-gold project in Georgia, but the exploration push more than doubled its annual loss and reduced cash to $739,459. The company subsequently raised $4 million, highlighting the funding needed to keep moving towards a maiden JORC-compliant resource.

Wildcat Resources has entered FY27 with a $60 million placement, a $37.2 million year-end cash balance and its Tabba Tabba lithium project advancing towards a definitive feasibility study. The funding strengthens the development runway, but final investment approval, financing and approvals remain ahead.

Forrestania Resources has lifted the higher-confidence portion of its Lady Ada and Lady Magdalene gold resource by 43%, even as total contained ounces fall 4% to 285,700 ounces. The update strengthens the development case, but most of the resource remains Inferred and the tenements are subject to ongoing legal proceedings.

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.

Atomic Eagle has begun a technical review aimed at determining whether its 60%-owned Madaouela uranium project in Niger can support a materially larger development than outlined in the 2022 feasibility study. The company is targeting a JORC-compliant resource in Q4 2026 and a scoping study in Q1 2027.

Albright Metals has reported a sharply wider FY2026 loss and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company’s Canadian Golden Pike project has advanced to a 54,200-ounce JORC resource, but further development depends on funding.

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.

Altamin has completed the core technical work for its Lazio geothermal brine Scoping Study, but auditors have flagged material uncertainty over the company’s ability to continue as a going concern. The ASX-listed developer ended FY2026 with A$2.39 million in cash after raising A$5.39 million during the year.

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.

Oceana Metals has begun a 20,000-metre diamond drilling campaign at its Serra Negra rare earths project in Brazil, backed by high-grade historic assays and fresh capital. But the company’s $11.5 million FY2026 loss and an auditor-highlighted material uncertainty over going concern add a harder edge to the exploration story.

ASF Group strengthened its balance sheet in FY2026 by selling non-core investments and subsidiaries, lifting cash to A$5.19 million and eliminating borrowings. Profit attributable to shareholders fell sharply as the prior year benefited from a one-off gain, leaving the investment group reliant on future portfolio realisations and development projects.