Latest Nova News

Gold Mountain has reported a busy September quarter across its Brazilian exploration portfolio, led by strong Irajuba rare earth intersections and encouraging metallurgical results at Capivara. The company ended the quarter with $6.397 million in cash after spending $1.828 million on exploration and raising $1.5 million through equity issues.

IGO delivered record Greenbushes spodumene production and a 49% jump in underlying EBITDA in the September quarter, while Nova approaches its final days of operation. The result strengthens the lithium portfolio’s earnings contribution, but Kwinana remains a substantial drag and Greenbushes’ next growth plan is not yet valued.

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.

Nova Minerals has secured the final approvals needed to build and operate its integrated Alaska antimony project, removing a major regulatory hurdle ahead of targeted 2027 production. The US$43.4 million Phase 1 program is funded and equipped, but the company has not yet disclosed production volumes, costs or a detailed construction schedule.

Global Lithium’s annual report captures a pivotal shift from lithium developer to takeover target, after the Manna-Nova integration study lifted estimated post-tax NPV8 to about A$946 million and cut funded pre-production capital by 59%. The proposed A$333 million Titan transaction offers shareholders cash value while leaving Manna’s development timetable subject to approvals, funding and execution.

Nova Eye Medical delivered 30% year-on-year sales growth in the September quarter, alongside positive operating cash flow and EBITDA. The company confirmed FY27 guidance, but is still seeking to replace a related-party funding facility carrying 15% interest.

St Barbara is positioning itself as a debt-free Nova Scotia gold developer after agreeing to sell its remaining New Simberi interest to Lingbao for A$453 million in cash and capital repayments. The deal could fund a larger 15-Mile project while leaving shareholders with a possible special dividend and buy-back, but completion and distributions remain conditional.

Galileo Mining has expanded its near-term exploration pipeline at Norseman, with mineralised outcrop north of Callisto, two kilometre-scale PGM target zones at Mission Sill and a new gold prospect. The company ended September with approximately A$6.9 million in cash, funding aircore and RC programs already under way or scheduled.

Airtasker delivered its strongest GMV growth in four years in FY26, but the expansion still consumed cash as international investment accelerated. The ASX-listed marketplace is now targeting positive free cash flow in FY27 while scaling membership and reducing UK investment.

St Barbara reported a $489.7 million FY26 statutory profit, but almost all of it came from the deconsolidation of New Simberi Gold rather than recurring operations. The annual report also confirms a debt-free balance sheet, a 5-cent fully franked dividend and a portfolio moving from transaction-making to project delivery.

Airtasker’s Australian marketplace reached a record $57.3 million in first-quarter GMV, while paid subscribers more than doubled in three months. The company reaffirmed FY27 guidance as international growth continued, though seasonal weakness is expected in the UK and US.

Netwealth has pushed total funds under administration to a record $139.2 billion, with managed accounts driving a quarterly surge in funds under management. But the company has lowered FY27 net-flow guidance and flagged fresh investment in loss-making acquisition Paradino, while defending First Guardian-related class action proceedings.