Latest Lead News

Xenora Minerals has reduced its annual loss and lifted cash to A$2.17 million while advancing geochemical targets at the Dudley Lithium Project. The next test is whether those anomalies can justify drilling and support the company’s next funding decision.

Lake Resources has reduced Kachi’s estimated capital cost by US$220 million and outlined a 25-year, 25,000-tonne-per-year operation. But the lithium developer still needs further funding, environmental approval, offtake and a final investment decision before construction can begin.

Great Southern Mining finished FY2026 with A$4.76 million in cash after selling Southern Star to Regis Resources and raising A$4.63 million, while drilling extended gold mineralisation at several Western Australian projects. The exploration story is advancing, but the annual report also contains an apparent inconsistency in the reported annual profit that warrants clarification.

Katana Capital Limited (ASX:KAT) delivered a 17.98% gross investment return in FY2026, beating the All Ordinaries by 15.55 percentage points as its portfolio benefited from defence, infrastructure, resources and technology exposures. Net profit rose to $3.808 million, while the listed investment company entered FY2027 with elevated cash and a deliberately cautious stance on banks.

Australian Gold and Copper has reported repeated broad zinc-gold-lead intersections at northern Evergreen, including a peak interval of 26.4% zinc. A 21-hole, 2,593-metre RC program has also finished testing extensions to the prospect’s recent high-grade gold-silver discovery, with assays due from late October to early November.

Prescient Therapeutics has raised approximately $6 million through its Share Purchase Plan and a shortfall placement, giving PTX-100 additional funding beyond a key clinical review in December. The next test is whether early results support a move into Phase 2b development.

Firebird Metals has prepared the first manganese feedstock for its Australian Demonstration Plant, marking a practical step towards testing its integrated pathway from Western Australian ore to battery materials. Equipment remains scheduled to arrive in October, with commissioning targeted for the fourth quarter of 2026.

Sultan Resources has secured firm commitments for a $1.316 million placement to fund its move into Namibia, including initial work at the 171.2 square kilometre Kaalkop project. The deal also carries a substantial option package, with key securities still requiring shareholder approval.

Orbit Resources enters FY2027 with a 17.52Mt Lewis Ponds resource, a preliminary study pointing to a A$481 million pre-tax NPV and a new polymetallic sulphide discovery outside the existing resource. The gains come with familiar junior-miner constraints: a A$3.49 million annual loss, A$3.69 million in cash and further funding still required.

QMines has reported a broad 44-metre copper intersection and high-grade zinc-lead-gold-silver mineralisation from six holes at Mt Chalmers. The results support ongoing Definitive Feasibility Study work, while a hole ending in copper mineralisation and upcoming barge drilling add further exploration interest.

Aurum Resources has secured A$52.5 million from institutional investors to begin long-lead procurement and other early works at its Boundiali gold project before the definitive feasibility study is complete. The raise strengthens the balance sheet, but also adds 95.45 million shares ahead of two major technical milestones.

Frontier Digital Ventures has shrunk its top line by 27% as it exits low-margin businesses, but the reset delivered higher EBITDA, a 17% margin and near-total free cash flow conversion in the first half of FY2026. The next test is whether pricing and cost discipline can lift earnings without further customer erosion.