Latest Matter News

Right Resources has moved its Blue gold-tungsten project from surface mapping to its first subsurface test, with assays due in the December quarter. The exploration milestone comes alongside a tighter funding position, with reported cash coverage of 1.90 quarters and further financing under consideration.

The Australian Takeovers Panel has declared unacceptable circumstances in A2MP Investments’ lapsed A$0.05-a-share takeover bid for Canyon Resources, citing inadequate disclosure, the use of confidential information and potential coercion of shareholders. Final orders remain undecided.

Paradigm Biopharmaceuticals has secured court approval to delay its second creditors meeting until 27 January 2027, giving administrators more time to resolve outstanding matters. The meeting and administrators’ report could still arrive earlier, potentially within weeks.

Peppermint Innovation’s Philippine payments business delivered a sharp September-quarter acceleration, with customer receipts rising to A$1.18 million and operating cash outflow falling 55%. The company says early October volumes have already exceeded September’s full-month total, while ASX reinstatement remains conditional.

GCM Corporation has shipped 18 VHD heat-sink products for customer evaluation, while preliminary LED testing recorded lower surface temperatures than aluminium comparators. The commercial progress comes with qualification taking longer than expected and A$4.2 million of cash supporting an estimated two quarters of funding.

Elsight delivered US$25.8 million in unaudited revenue for the first nine months of 2026, up 91% on the prior corresponding period, but a weaker-than-expected third quarter produced a non-GAAP loss. The company is relying on expanded US defence procurement access, new products and a US$196 million opportunity pipeline to support future growth.

Turnstone Resources has completed portfolio-wide magnetic surveys in Sweden and begun reviewing strategic options for its German potash assets, while its September cash balance covered less than one quarter of reported outgoings. The ASX-listed explorer also secured A$1.1 million in placement commitments and expects lower corporate costs ahead.

Data#3 has upgraded its FY27 first-half profit projection after delivering record FY26 sales, earnings and dividends. The company expects strong early-year growth, although one-off transactions and a softer second-half growth rate will shape the full-year result.

Element 25 has completed the enabling works for its planned 1.1Mtpa Butcherbird manganese expansion, moving the project towards major plant construction. Financial close on the AU$50 million NAIF package remains unfinished, leaving funding and contract finalisation as the next key tests.

Asara Resources has lifted the Kada Gold Project’s Mineral Resource by 125% to 2.08 million ounces, with Indicated Resources now accounting for 1.27 million ounces. The Guinea-focused explorer is directing its next phase towards a Definitive Feasibility Study while continuing resource conversion drilling and expanding its regional ground position.

Echelon Resources’ newly tied-in Palm Valley 14 well has seen its gas rate fall to around 0.5 TJ/d, well below the 3-4 TJ/d potential indicated by pre-completion testing. The joint venture is assessing whether water loading is limiting output while Palm Valley 15 continues drilling.

OzAurum Resources has recorded 95% gold recovery in an independent heap leach column test on paleochannel material at Mulgabbie North. The result strengthens the case for a lower-capital processing route, but fresh rock testing remains the crucial next test because it contains most of the project’s resource ounces.