Latest Milestone Payments News

Emu NL could receive A$2.2 million if Catalina Resources completes its conditional purchase of Coruscant Minerals from Badja Gold by 31 January 2027. The payment is accelerated from production-linked milestones, but remains dependent on shareholder and government approvals.

Auric Mining has agreed to acquire the Iron Maiden Gold Project near Norseman for A$1 million upfront, while taking on project loans, deferred consideration and potential milestone payments. The shallow historical resource offers a new feed option for Burbanks, but it is not yet JORC 2012 compliant and the acquisition remains conditional.

Skylark Minerals is expanding its Côte d’Ivoire exploration footprint with staged earn-ins over the Amie and Yaou gold projects, targeting up to 97% ownership of each. The early-stage acquisitions add prospective ground, but both projects remain subject to permits, validation work and years of exploration.

BTC Health has expanded its exclusive ExoVasc PEARS distribution rights from Australia into India under a new five-year agreement. The opportunity is potentially significant, but Indian sales remain dependent on CDSCO import approval.

onsemi has raised its 2030 AI data centre revenue target above US$3 billion after AI sales surged 175% year over year. The semiconductor maker is also buying Ferric for up to US$775 million while reshaping its planned Synaptics acquisition.

Delorean’s flagship Salisbury bioenergy plant is 90% complete and now licensed to operate, while a proposed A$20 million Westpac facility could unlock its next major project. The catch is a quarterly operating cash outflow of A$2.52 million, leaving 2.52 quarters of funding on the company’s own calculation.

GoldArc Resources has cleared a key regulatory hurdle for Mt Stirling, completed grade control drilling at Mt Stirling Well and continued to find high-grade gold across its Leonora projects. The company ended September with A$2.831 million in cash and A$2.5 million of unused funding facilities, but a mining start date remains unsettled.

Adherium delivered a fifth consecutive quarterly record for remote patient monitoring revenue, but ended September with only A$120,000 in cash after a A$3.499 million operating outflow. Post-quarter loans and an AstraZeneca milestone payment have improved near-term liquidity, although further funding remains central to the company’s plans.

Frontier Energy has moved its Waroona Renewable Energy Project into construction, while higher capacity credits lift forecast annual revenue, EBITDA and free cash flow. The next major test is financial close on up to $280 million of project debt, expected in November.

Codrus Minerals has completed its acquisition of EdgeMet, adding projects in Peru and Queensland while initial rock-chip sampling at Tiquihua returned results above 5% molybdenum and 10% copper. The explorer ended September with A$2.02 million in cash after a A$2.5 million placement.

Narryer Metals is nearing completion of its Redhill Copper Project acquisition in Chile, adding an existing inferred resource and a much larger conceptual exploration target. The deal is backed by a proposed A$1 million placement from 29Metals, but Narryer ended the quarter with only A$927,000 in available cash.

Micro-X has reported a sharp improvement in Rover order activity and more than $3 million in annualised cost savings, while redirecting its strategy towards medical CT. The September quarter still consumed $4.4 million in operating cash, leaving funding dependent on further note proceeds, an expected tax refund and milestone receipts.