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Auric Mining has moved from study work towards execution at its Burbanks-Munda gold plan, securing processing infrastructure for A$1.2 million and reporting strong Munda drilling results. The company is targeting mining at Munda in late 2027 and first gold from Burbanks in early 2028, subject to approvals and project execution.

CSL has secured an exclusive agreement to co-develop and co-promote Alentis Therapeutics’ investigational drug lixudebart, committing US$355 million upfront and funding a multi-trial development programme. The antibody remains unapproved, with its commercial potential dependent on results from ongoing and planned clinical studies.

Terra Critical Minerals has expanded across tungsten, tin and uranium in three mining jurisdictions, but its FY2026 accounts put the funding challenge front and centre. The ASX-listed explorer ended the year with $336,585 in cash and an auditor-flagged material uncertainty over its ability to continue as a going concern.

FBR has cut its annual loss dramatically and moved its first Mantis welding robot into commissioning, but year-end cash of just A$27,814 leaves the company dependent on fundraising, tax funding and successful delivery. Its audited accounts flag a material uncertainty over whether the robotics developer can continue as a going concern.

Aurora Energy Metals (ASX:1AE) swung to a $21.8 million profit after selling its Oregon uranium project, but the result was driven largely by a non-cash accounting gain. The company’s concentrated Eagle Nuclear Energy stake was valued at about $15.5 million by the annual report date, down from $23.9 million at 30 June.

Viking Mines has repositioned itself around Nevada tungsten, with Linka producing a 56.9% WO₃ concentrate at 76.0% recovery and gaining approval for a 63-hole maiden drilling programme. The opportunity is advancing, but the company remains loss-making, has no JORC resource at Linka and will need further funding as work accelerates.

Taruga Minerals has transformed its exploration strategy around two Papua New Guinea projects, but the next phase comes with a clear funding constraint. The ASX-listed explorer ended FY2026 with A$1.84 million in cash, a A$3.77 million loss and an auditor-highlighted material uncertainty over its ability to continue as a going concern.

Patronus Resources enters FY2027 with approximately 2.3 million ounces of gold-equivalent Mineral Resources, $65.1 million in cash and liquid investments, and a 30,000-metre Northern Territory drilling campaign underway. The annual report also records an $8.6 million net loss and a proposed uranium rights transaction that remains conditional.

Oceana Metals has begun a 20,000-metre diamond drilling campaign at its Serra Negra rare earths project in Brazil, backed by high-grade historic assays and fresh capital. But the company’s $11.5 million FY2026 loss and an auditor-highlighted material uncertainty over going concern add a harder edge to the exploration story.

Empire Resources has expanded its Yuinmery exploration story with new copper, gold and PGE zones, but its FY2026 annual report carries a material uncertainty over whether the company can continue as a going concern. A $4.825 million capital raising lifted cash, yet losses and director-related debt also increased.

New Frontier Minerals advanced its copper and rare earths portfolio during FY2026, but the annual report highlights a material uncertainty over its ability to continue as a going concern. The company ended the year with $1.23 million in cash after a $2.25 million placement and ongoing exploration spending.

Accelerate Resources will issue 55 million shares to secure 100% ownership of its 432 square kilometre Woodie Woodie North manganese project, while removing up to $2 million in future milestone payments and other vendor rights. The restructuring is due to complete before 2 October 2026, ahead of planned drilling at the Gingarrigan prospect.