Latest Leasing News

Surefire Resources has flagged a material uncertainty over its ability to continue as a going concern after reporting a $2.07 million annual loss and $1.30 million in operating cash outflows. The company is advancing Victory Bore and Yidby, but both projects remain tied to funding, approvals and further execution.

International Equities Corporation Ltd (ASX:IEQ) returned to a statutory profit in FY2026, but the result was largely supported by discontinued tourism operations while continuing activities remained loss-making. An auditor’s material uncertainty warning and a new secured $1.2 million loan put liquidity at the centre of the investment case.

Larvotto Resources has extended high-grade antimony-gold-tungsten mineralisation at Clarks Gully about 100 metres beyond its 2025 resource model, with drilling also identifying several hanging-wall lodes. The results could support a larger resource and a potential underground feed source for Hillgrove, but assays, modelling and permitting work remain outstanding.

Odyssey Gold has secured a native vegetation clearing permit and a new mining lease at Tuckanarra, while refurbishment work at the planned Kirkalocka processing facility moves ahead. The first toll milling parcel is targeted for June 2027, but a required joint venture agreement remains unresolved.

Barton Gold has moved deeper into development after raising $40.9 million, completing its largest-ever drilling campaign and ending FY2026 with $31.9 million in cash. The progress came alongside a $22.4 million loss as spending accelerated across Tunkillia, Challenger, Tolmer and Wudinna.

Ark Mines has reported a FY2026 profit after receiving Queensland-backed funding, while its Sandy Mitchell rare earths resource expanded to 379.4 million tonnes after year end. The project now has development approvals and commercial-grade testwork behind it, but no Ore Reserve or mining decision yet.

New Murchison Gold has reported high-grade drilling across three Lydia deposits near its Crown Prince operation, led by a 1m interval at 47.20g/t gold. The results define shallow mineralised zones, but remain outside the current Lydia resource and still require further drilling and modelling.

White Cliff Minerals has expanded its Rae Copper-Silver Project into a multi-kilometre copper system, with a peak interval of 21.1% copper and recoveries reaching 95.4%. The exploration progress came alongside an A$18.8 million FY26 loss, A$14.5 million operating cash outflow and an auditor-highlighted material uncertainty over going concern.

Gullewa’s full-year profit fell sharply despite a $2.98 million royalty stream from the Deflector Project. The company is expanding its property and gold exposure while maintaining a fully franked dividend of 0.7 cents per share.

Nex Metals returned to profit in FY2026 after selling its remaining Arika joint venture interest, but the gain did not resolve its underlying funding pressure. The company ended the year with $422,452 in cash, net liabilities of $471,232 and a material uncertainty over its ability to continue as a going concern.

Ocean Sciences delivered a sharp increase in seaweed revenue during FY2026, but the audited report also records a A$1.612 million continuing-operations loss, A$2.319 million operating cash outflow and material uncertainty over its ability to continue as a going concern. The renamed ASX-listed group is now seeking up to A$3 million while building out its Indonesian platform.

Green Technology Metals has cleared the environmental assessment for its Seymour lithium project, while a A$15.9 million capital raising leaves the company better placed to complete its definitive feasibility study. The next test is whether permitting, financing and Indigenous agreements can convert that progress into a Final Investment Decision in FY27.