Latest Office News

Volt Group has lowered its FY26 revenue and EBITDA guidance after weaker-than-expected EcoQuip sales, despite reporting stronger year-to-date operating cashflow and solid growth from 4D Delta. The company is committing $3.0 million to expand and refurbish its mobile solar-lighting fleet as it tries to convert customer trials into revenue.

Elixir Energy has reported materially stronger interim flow performance from Lorelle-3H after a 60-day soak, but a sand, scale and coal obstruction has interrupted the test. The company also received a $12.1 million R&D refund and repaid its debt facility, leaving a net cash inflow of $1.77 million.

ResMed has delivered a stronger first quarter for fiscal 2027, with revenue up 6% to US$1.415 billion and net income rising 20% to US$418 million. The headline result was helped by a preliminary gain on the MatrixCare sale, while the core Sleep and Breathing Health business continued to expand.

Accent Resources has reinforced its Magnetite Range strategy after independent testwork produced up to 68% Fe concentrate using a dry processing route. The company also reported cash of A$5.505 million, a Norseman sale worth up to A$4.0 million and an 11,568-metre drilling campaign now underway.

Image Resources delivered Atlas production above the midpoint of annual guidance, but port delays and an A$8.9 million quarterly operating cash outflow left the company with A$9.0 million and less than one quarter of funding. A proposed LB Group transaction may provide further support, although it remains subject to binding documents and approvals.

Critical Minerals Group has begun the first drilling campaign for its Lindfield vanadium project DFS, after securing the full PFS mine-plan area. But with A$246,000 in cash at 30 September and just 0.3 quarters of funding on the reported burn rate, the study’s next phase remains dependent on fresh capital.

Impact Minerals is shifting decisively towards Lake Hope’s high-purity alumina project after raising A$2.21 million and changing its leadership structure. The company now has A$2.61 million in cash, but still faces the more difficult task of funding pilot work, feasibility studies and eventual project development.

Chariot Resources has moved its Nigerian lithium strategy forward with licence approvals, geological mapping and a proposed partner-funded drilling and offtake program. But with A$600,000 in cash, A$3.19 million of borrowings and an estimated 0.75 quarters of funding, the next phase depends on securing more capital.

Rokeby Resources has completed its maiden Sunnyside drilling program and reported high-grade gold intercepts alongside an 11,337-ounce Inferred resource at Powers Gully. The exploration progress comes with just A$156,000 in cash, forcing a review of costs and funding options.

Zimplats will replace long-serving chief executive Alexander Mhembere with internal successor Dr Stanley Segula from 1 November. The handover preserves operational continuity while Mhembere remains chairman of the company’s Zimbabwean operating subsidiary.

Southern Hemisphere Mining has reported broad copper-equivalent intersections at its Llahuin project in Chile and launched a new 2,000-metre diamond drilling program. The exploration momentum comes with a financing constraint: the company had $466,000 of available funding at quarter-end, equivalent to about 1.02 quarters of reported outgoings.

LGP Cannatrek generated A$4.4 million in net operating cash flow on unaudited quarterly revenue of A$26.0 million, providing the first clean look at the merged group’s operations. Cost synergies, Danish production upgrades and UK expansion are advancing, while a pending TGA penalty remains an unresolved risk.