Latest Matter News

Valiant Gold has moved its Comet mine restart from re-entry into a construction and commissioning phase, with power, ventilation and dewatering systems advancing ahead of a H2 FY27 production target. The company ended the September quarter with $62.5 million in cash and term deposits while drilling at Reedy continued to test resource growth.

Cadoux has extended WIM-style rare earth-zircon mineralisation onto its Wimmera joint venture ground, with Toolondo returning 20 metres at 0.86% in-situ zircon from just 8 metres. The result is promising but remains early-stage: rare earth chemistry is incomplete and no resource has been estimated.

Pure Foods Tasmania reported a sharper September quarter, with customer receipts rising to A$1.22 million while operating cash outflow fell to A$311,000. The company remains cash flow negative and reliant on financing capacity, but says the figures mark progress towards a sustainable turnaround.

Biome Australia has reported record pharmacy sell-through, further market-share gains and positive operating cash flow as it begins manufacturing Activated Probiotics domestically. The quarter also moved its China expansion and BMB18 clinical trial closer to key execution milestones.

Metallium has signed a non-binding MOU with global commodity trader Traxys to explore feedstock, processing, offtake and financing opportunities for U.S. critical metals. The framework could improve the path to commercial scale, but it contains no binding volumes, prices, funding or sales commitments.

Brazilian Rare Earths has lifted Monte Alto’s Indicated ultra-high-grade resource by 41% to 3.54 million tonnes at 10.71% TREO, strengthening the geological base for mine planning. The company is now targeting a feasibility study for a staged concentrate-export operation by the end of 2026, although the updated resource is not yet an Ore Reserve or a new production forecast.

Ballard Mining has expanded its Mt Ida gold resource by 658,000 ounces to 1.84 million ounces and strengthened its funding position with a post-quarter-end equity raise of up to A$50 million. The pre-production developer is now moving from resource growth towards a feasibility study and maiden Ore Reserve targeted for mid-2027.

Capricorn Metals has reported further high-grade gold intersections at Mt Gibson, with Lexington mineralisation extending beyond current pit and underground designs. The results support a planned maiden underground resource at Lexington later this quarter, but remain exploration results rather than an Ore Reserve.

Echo IQ’s FDA-cleared EchoSolv AS platform processed 9,697 full-result assessments in the September quarter, while the company ended the period with A$107.8 million in cash. The stronger balance sheet gives it room to pursue US enterprise deployments, but commercial conversion and the unresolved EchoSolv HF regulatory pathway remain the key tests.

Peregrine Gold has advanced a portfolio of Pilbara gold targets, from a 4km auriferous palaeogravel zone at Capricorn to high-grade rock-chip results at Pilgangoora North. A $2.25 million placement strengthens the near-term exploration program, although quarter-end cash covered less than one quarter of reported outgoings before the raising.

Structural Monitoring Systems remained profitable in the September quarter, but revenue, earnings and free cash flow all fell as aircraft maintenance delays weighed on avionics sales. The company also said Boeing’s FAA approval pathway for its 737NG structural monitoring application is taking longer than expected, with no revised completion date.

Revolver Resources has secured a A$3 million bridge facility to fund the next stage of early works at its Dianne Copper Mine Project. The funding removes an immediate development hurdle, but the larger financing package needed for construction remains unfinished.