Latest Options News

Lincoln Minerals has moved Minbrie’s Eagle Ridge prospect towards diamond drilling after air core work supported its geological model. But the ASX-listed explorer remains loss-making, cash-burning and dependent on further funding to continue its exploration program.

Octava Minerals is pursuing a staged acquisition of a 400km2 fluorspar project in Argentina’s historic Sierra Grande district, backed by an approximately A$1.8 million placement. The opportunity comes with substantial verification risk: the reported grades are historical, non-JORC compliant and have not been independently validated.

AnteoTech reduced its FY2026 loss and strengthened its balance sheet, but auditors warned that a material uncertainty remains over the company’s ability to continue as a going concern. Commercial revenue fell sharply as battery and diagnostics opportunities remained largely in evaluation or negotiation.

ABx Group has lodged a prospectus for a fully underwritten $2 million share purchase plan, forming part of a broader $4.1 million capital raising for its Deep Leads rare earths project and ALCORE pilot plant. The offer gives eligible shareholders discounted shares and options, but leaves the final price unknown until after applications close and remains subject to shareholder approval.

Nodestream has deferred four convertible note maturities worth A$8.325 million, including a secured A$4 million note, into October and November 2027. The price of that extra time is a proposed issue of up to 189.2 million options, subject to shareholder approval.

Karoon Energy has confirmed an electrical fault in the newly installed power cable serving Baúna’s SPS-92 well, deferring about 3,500 barrels of oil a day. The repair requires a rig-based intervention, prompting cuts to production guidance and higher unit cost forecasts for 2026.

Magnetite Mines is seeking up to A$1.5 million through a discounted share purchase plan and potential top-up placement to advance the Razorback green iron project. The raise offers free options, but also highlights the company’s continuing reliance on external funding and future strategic partners.

Tyranna Resources has signed a binding earn-in agreement covering the 830 km² Coola Rare Earths and Niobium Project in Angola, with two carbonatite-bearing intrusions already mapped. The deal remains conditional on renewal of the project tenement, while a proposed 500 million-option grant adds a significant shareholder-approval question.

Perpetual Resources has warned of material uncertainty over its ability to continue as a going concern after its FY2026 loss more than tripled. The ASX-listed explorer finished the year with A$2.34 million in cash, but remains dependent on further capital raisings to fund Nevada Scheelite and Brazilian exploration.

Lord Resources has extended copper mineralisation across multiple lodes at Ilgarari, but its FY2026 annual report carries a material uncertainty over whether the explorer can continue as a going concern. The company ended the year with $554,820 in cash after a $2.54 million loss and $1.87 million of operating cash outflows.

First Graphene expanded its product range and international footprint in FY2026, lifting revenue while narrowing its annual loss. But the company says continued operations depend on securing further equity funding, putting commercial execution and liquidity at the centre of its next phase.

Peregrine Gold has reported a $3.47 million FY2026 loss and $3.56 million operating cash outflow, with its auditor highlighting material uncertainty over the company’s ability to continue as a going concern. Against that financial pressure, the ASX-listed explorer is preparing RC drilling across two high-grade channel iron prospects and advancing several gold targets in the Pilbara.