Latest Matter News

Cannindah Resources has increased the Cannindah Breccia Mineral Resource by 37% to 23.2 million tonnes, while new drilling and coarse-particle flotation results strengthen the case for further work at Mt Cannindah. The company ended September with A$10.86 million in cash and assays pending from 14 holes.

CZR Resources shareholders have rejected both approvals needed for the company to acquire Zuleika Gold shares from two major holders, while backing a proposed share buy-back. The vote leaves the broader takeover’s immediate status unclear.

Cycliq’s customer receipts rose 21% in the September quarter, but the cycling technology company ended the period with just $382,000 in cash and less than two quarters of funding on its current burn rate. Its proposed $1.5 million placement remains partly dependent on shareholder approval.

Sarytogan Graphite’s trading suspension is due to be lifted after the company releases details of a Supreme Court of Western Australia application over an inadvertently unlodged prospectus for SGAO Options. The filing provides no detail on potential orders, penalties or investor remedies.

Strata Minerals advanced technical and environmental work at its Zelica Gold Project during the September quarter, while a 42,000oz maiden resource announced after quarter end gave the project a clearer development base. The company ended the period with A$1.4 million in cash and no debt, but remains pre-production and dependent on approvals, further studies and its BML Ventures partnership.

Identitii has lodged a prospectus for up to 4.435 million free options, designed to give shareholders a way to partly offset dilution from its convertible note funding. The offer costs nothing upfront, but the options are unquoted, time-limited and sit alongside a funding package that still has $2.4 million to be received.

Australian Silica Quartz Group has completed a 200-tonne bulk sample at White Swan and is preparing 50 tonnes for shipment to prospective Chinese customers. The customer program is advancing, but ASQ held $912,000 in cash at quarter-end and estimated only 1.7 quarters of funding without proceeds from a Bindoon property sale.

Challenger Gold has completed the first US$15 million tranche of its convertible debenture raise, giving the Hualilan development a near-term funding base. A further US$15.3 million is agreed in principle, but part of it remains subject to shareholder and potentially ASX approval.

Carnegie Clean Energy has moved its flagship CETO wave-energy project towards offshore deployment in Spain, but the technology developer ended 2026 with a wider loss, $996,347 in cash and a material uncertainty over its ability to continue as a going concern.

Orbital Corporation has secured its first Power by the Hour agreement, converting its propulsion relationship with American Aerospace Technologies into a recurring service contract worth US$2.6 million through December 2027. The deal covers an AiRanger fleet growing to 10 unmanned aircraft, although further expansion remains conditional on new contracts.

Adslot reported stronger Viber advertising activity and lower operating costs in the September quarter, while restructuring payments continued to weigh on cash. The company ended the period with $1.28 million and a prescribed funding runway of 1.7 quarters.

New research from the NEPTUNE cohort has strengthened the biological rationale for Dimerix’s DMX-200 kidney drug, linking CCR2 activity and urinary MCP-1 levels with poorer outcomes in FSGS. The findings support the drug’s mechanism, but do not yet demonstrate Phase 3 efficacy.