Latest Lodging News

Vita Resources ended the September quarter with just A$77,000 in cash, equivalent to an estimated 0.2 quarters of funding, even as it expands Ninnis exploration and pursues new gold opportunities in New Zealand. The company is seeking up to A$500,000 through a non-underwritten share purchase plan while key exploration milestones remain ahead.

Jindalee Lithium has moved McDermitt drilling into the field and says its US Elemental NASDAQ transaction is in the final stages of SEC review. But the company ended September with A$6.7 million in cash, equivalent to about one quarter of funding at the latest spending rate, leaving the proposed PIPE financing central to its next steps.

ChemX Materials has drawn a further $167,000 under its unsecured Ovay loan while pursuing a recapitalisation that could support a return to ASX trading. The company reported no cash on hand at quarter-end and remains suspended after almost two years.

Norfolk Metals has extended the deadline for its proposed Ciclón copper acquisition to 31 December and reduced the minimum capital raising requirement to A$75 million. The deal remains dependent on funding, ASX reinstatement and other conditions, while the company reported just $155,000 in quarter-end cash before drawing a related-party loan.

Zelira Therapeutics has only A$47,000 in cash after a quarterly operating outflow of A$56,000, while the proposed US$32.98 million HOPE 1 fundraising remains unclosed. The company says the funds are needed for an FDA application and Phase 1 trial, as its ASX quotation suspension continues.

Carnaby Resources’ acquisition by Evolution Mining has become legally effective after court approval orders were lodged with ASIC. Trading suspension is expected from the close of 30 October, with implementation and ASX delisting scheduled for November.

Jade Gas has progressed a proposed consortium-backed development for its Mongolian coal bed methane project, with 100% of Phase 1 capital expenditure potentially funded by a Chinese-led group. The opportunity is substantial, but the agreement remains non-binding and binding documents are now targeted for November.

Haranga Resources has moved its Lincoln Gold Project closer to a formal redevelopment study after completing underground access works, securing adjacent land and returning a high-grade result from the first Phase 2 hole. The company ended September with $3.33 million in cash as it weighs the cost and scale of a potential restart.

Besra Gold is pushing for a three-year technical study program at its Bau project while negotiations over key Sarawak mining tenure remain unresolved. The Ontario Securities Commission cease trade order also remains in place, with the company holding A$7.586 million and reporting about 4.9 quarters of funding at its current cash burn.

Mount Ridley Mines has expanded its inferred scandium resource at Grass Patch to 946.1 million tonnes, while laboratory testing lifted scandium recovery to 91.8% using roughly half the previous reagent dose. The gains come with an important qualification: the resource remains Inferred, gallium recovery fell in the latest test and scale-up work is still ahead.

Eminence Minerals has expanded into a 1,508 km² Côte d’Ivoire gold portfolio while advancing rare earths exploration in Brazil and awaiting a key Hamersley court decision. The company ended September with A$2.869 million in cash, equivalent to 2.31 quarters of funding at the reported burn rate.

CZR Resources has extended gold mineralisation at Croydon, including its strongest Top Camp result to date, while high-grade iron sampling adds momentum across its Pilbara portfolio. But the company’s proposed Zuleika Gold takeover has run into a shareholder approval failure and now requires ASIC consent to be withdrawn.