Latest Operations News

Chimeric Therapeutics remains suspended from ASX trading after failing to lodge its FY2026 financial statements, with the company reporting an approximate $7.7 million net asset deficiency and unresolved creditor negotiations. Potential recapitalisation interest has emerged, but no binding funding or settlement agreement has been reached.

Morningstar International Shares Active ETF reported a $53.035 million profit for the year ended 30 June 2026, supported by a large trust distribution despite a loss on fair value movements. Distributions rose to 196.258 cents per unit as net assets expanded to $326.395 million.

Prophecy International entered FY27 with sharply lower revenue, negative net assets and just $1 million in cash after a difficult restructuring year. Management has cut costs and launched its ProdataIQ AI product, but the auditor has warned of material uncertainty around the company's ability to continue as a going concern.

Alma Metals is pushing the Briggs Copper Project through a substantial drilling and metallurgical program, with a 2027 resource update planned to support a prefeasibility study. The project’s 932Mt resource contains about 2Mt of copper, but the company still faces the usual funding, technical and development hurdles of a large undeveloped mine.

ASX has suspended 15 listed companies from quotation after they failed to lodge required periodic reports by their deadlines. Trading may resume quickly if the outstanding reports are lodged, but the announcement gives no detail on the cause or length of each delay.

Xamble has appointed Adrian Tan permanent CEO and elevated Georg Johann Chmiel to chair as it seeks to convert recent operating improvements into sustained growth. Ganesh Kumar Bangah is stepping down from the board to take a senior Malaysian government-linked role but will remain involved as an adviser and substantial shareholder.

Manuka Resources has received its first gold revenue after restarting processing at the Wonawinta plant in New South Wales. The company expects fortnightly gold revenue of A$3.0 million to A$4.0 million through the end of 2026, although sales remain dependent on the plant reaching steady state.

Group 6 Metals has posted a dramatic FY26 turnaround, with revenue reaching $129.0 million and net profit after tax rising to $148.2 million. The stronger balance sheet now faces its next test: converting stockpile-fed production and newly started underground mining into repeatable cash generation.

APC Minerals has replaced its FY2026 annual report after finding a version-control error in the independent auditor’s report. The corrected filing leaves a more consequential warning intact: the explorer needs near-term equity funding to remain a going concern.

FirstWave Cloud Technology has sharply reduced its FY26 loss and generated positive operating cash flow as network monitoring and Latin American revenue accelerated. But a $5.35 million net current asset deficiency, covenant breach and planned capital raise leave the turnaround dependent on continued execution.

OMG Group has reported its first positive quarterly EBITDA, with preliminary Q1 FY27 net sales rising 59% to approximately $1.92 million. The result marks a potential inflection point for the health and wellness food company, although the figures remain unaudited and do not establish cash profitability.

Nutritional Growth Solutions has completed its acquisition of Sprout Organic, installing founder Selasi Berdie as CEO and reshaping the group around infant, toddler and children’s nutrition. The deal lifts shares on issue to 964 million, while management targets A$870,000 in annualised savings.