Latest Lidar News

Albion Resources has secured $1.8 million from sophisticated and professional investors to expand drilling at its Gidgee Gold Project, after an initial aircore hole returned a high-grade gold intersection. The raise will also support the planned acquisition of additional exploration ground, although further drilling is needed to establish continuity and scale.

Pointerra3D delivered its strongest first-quarter customer receipts on record and returned to positive operating cash flow as enterprise deployments broadened across utilities, mining, transport and infrastructure. The ASX-listed software company ended September with A$1.95 million in cash, while several larger opportunities remain at proof-of-value or pending-award stages.

Coda Minerals has moved Elizabeth Creek closer to a targeted first-quarter 2027 pre-feasibility study, backed by improved leach recoveries, drilling and fresh funding. But the copper developer remains loss-making, burned A$8.87 million in operating cash and will likely need further capital to progress beyond the study stage.

Manhattan Gold’s first drilling at the Spectre VMS target has returned high-grade copper, gold, silver and zinc, including 6.10 metres at 3.18% copper. Mineralisation was repeated 77 metres along strike, but the early-stage results are reported as downhole lengths and do not yet establish true widths or a resource.

Blackstone Minerals has reported a larger FY2026 loss and warned of material uncertainty around its ability to continue as a going concern, despite ending the year with $13.7 million in cash. The company is directing its remaining financial capacity towards the Mankayan copper-gold project while seeking to reduce exposure to its Vietnam nickel assets.

Clara Resources has pivoted decisively from coal to gold, but its Mareeba ambition sits alongside a $7.36 million annual loss, only $112,000 in year-end cash and a disclosed material uncertainty over going concern. The company is now relying on drilling, asset-sale proceeds and further capital to keep the strategy moving.

Accelerate Resources enters FY2027 with high-grade manganese targets at Woodie Woodie North and new gold zones at Balagundi, but a sharp annual loss and ongoing funding needs remain part of the story. The company plans maiden and follow-up drilling while seeking shareholder approval to rename itself Mango Metals.

GWR Group has swung to a $26.84 million FY2026 loss after impairing Gold Valley receivables and booking a $10.19 million rehabilitation provision linked to Wiluna West. The company still holds $37.13 million in cash, but its accounts warn of material uncertainty after a $19.85 million capital distribution to shareholders.

Melbana Energy’s Block 9 project remains on care and maintenance after a partner default and US sanctions on CUPET, despite improved geological understanding from Amistad-2. The company ended FY2026 with $472,504 in cash and warned that additional funding is required to continue.

Mithril Silver and Gold has lifted the higher-confidence portion of its Copalquin Target 1 resource to 464,000 ounces of gold equivalent, giving the Mexican project a stronger base for mine planning. The upgrade comes alongside a larger loss, substantial exploration spending and an auditor’s warning that further funding is needed to support the company’s going-concern status.

Resources & Energy Group has reported a standout 9-metre gold intercept at Goodenough as it prepares a fresh resource estimate. The exploration progress arrives alongside an audited warning that further funding is needed to sustain the business.

Western Ridge Resources reported a $12.22 million loss for the year ended 30 June 2026, with cash falling to $407,860 and its auditor warning of a material uncertainty over the company’s ability to continue as a going concern. The company is now relying on Keystone drilling and further funding to advance its Nevada exploration strategy.