Latest Lodging News

Xenora Minerals has advanced planning for up to 600 metres of RC drilling at its Dudley lithium project on Kangaroo Island, targeting primary minerals beneath deeply weathered pegmatite. The explorer ended September with A$1.94 million in cash and an estimated 8.56 quarters of funding at the reported spending rate.

RooLife Group opened FY2027 with A$7.9 million in unaudited revenue and customer cash receipts up 884% year on year. The stronger quarter comes as its Aurora renewable energy division shifts from acquisition and product development towards project execution, although operating cash flow remains negative.

VBX has raised $4.5 million to advance its Wuudagu bauxite project, while extending the definitive feasibility study into the first quarter of 2027. The company is also assessing preliminary development funding proposals after terminating an indicative thyssenkrupp term sheet to preserve strategic flexibility.

Metal Bank has shifted its first-production focus to the larger Homestead deposit in Western Australia, targeting production in 2027 as mining approvals and technical studies advance. The company also raised a further $752,400 after quarter end, but the path from resource to mine still depends on drilling, metallurgy, approvals and funding.

Saturn Metals has secured the key mining lease for its 2.83Moz Apollo Hill project, lodged its environmental review and kept its definitive feasibility study on track for the December quarter. The company ended September with $110.7 million in cash, although a further $39.79 million placement tranche remains subject to FIRB approval.

Latrobe Magnesium has completed its fully underwritten $3.4 million entitlement offer, with sub-underwriters absorbing roughly 91% of the available shares. The company says the funding carries its Victorian demonstration plant through to targeted first magnesium production by the end of 2026.

Cygnus Metals has completed its acquisition by Central Asia Metals, transferring all Cygnus shares to the London-listed miner. Eligible shareholders received 0.06 new CAML shares for each Cygnus share, as Cygnus moves towards its final ASX delisting.

Encounter Resources has grown its Aileron niobium resource by 54% to 120 million tonnes while moving the West Arunta project into mining lease, metallurgical and development work. The company also ended FY2026 with $26.9 million in cash and term deposits, but still has no Ore Reserves or operating revenue base.

The Takeovers Panel has ordered the forced sale of a substantial parcel of DGR Global shares after finding undisclosed associations and takeover-law breaches pushed related parties’ voting power as high as 45.43%. The orders also open the way for a takeover bid or scheme while imposing new controls on DGR’s board and major shareholders.

WIN Metals has strengthened the funding position for its proposed Radio gold restart, while retaining a project that still requires approvals, further financing and a final investment decision. The preliminary study forecasts A$18.1 million of pre-tax NPV8 and 20.2koz of recovered gold, but the company ended September with only A$1.16 million in cash before the post-quarter Astral receipt.

European Lithium’s share and option schemes with Critical Metals Corp. are now effective after the Supreme Court of Western Australia’s orders were lodged with ASIC. EUR securities are expected to stop trading on the ASX, with implementation scheduled for 5 November and CRML shares due to begin trading on Nasdaq the following day.

Rhythm Biosciences has widened access to its ColoSTAT blood test, lifted quarterly revenue 64% and advanced reimbursement and NHS evaluation work. The progress sits alongside A$1.803 million in cash and an estimated 1.22 quarters of funding at the current operating burn.