Latest Options News

Australian Critical Minerals has emerged from a transformational year with six new Peruvian projects and early Flint drilling pointing towards a possible concealed porphyry system. But the annual report also flags a material uncertainty over going concern, with further funding required to sustain exploration.

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.

Dalaroo Metals has moved from a Western Australian base-metals explorer into a three-country gold and critical-minerals play, but its next phase depends on drilling success and continued access to capital. The annual report records a $2.63 million loss, $509,442 in year-end cash and a material uncertainty over going concern.

Redcastle Resources reached its biggest operational milestone in FY2026 by starting mining at Redcastle Reef, but the project was temporarily suspended after Wiluna Mining halted relevant processing activities. The annual report also flags a material uncertainty over the company’s ability to continue as a going concern.

High-Tech Metals enters FY2027 with $9.8 million in cash after a major option exercise, while its Western Australian gold portfolio advances toward development. The company remains loss-making and has no Ore Reserves, leaving drilling, studies and future funding as the key tests.

Magnetite Mines has warned that its existing cash is insufficient to fund planned activities for the next 12 months, while auditors highlighted a material uncertainty over the company’s ability to continue as a going concern. The ASX-listed miner is cutting costs and reshaping Razorback around a lower-capital development pathway.

Radiopharm Theranostics reported a A$56.3 million comprehensive loss for fiscal 2026, with operating cash outflows rising to A$52.8 million and cash falling to A$4.1 million. The company says further funding is required, while auditors flag a material uncertainty over its ability to continue as a going concern.

Adavale Resources is presenting its 610-square-kilometre Parkes Gold Project as a belt-scale opportunity with 383,300 ounces of reported gold resources and existing processing infrastructure. The next test is whether metallurgical work, a scoping study and funding can turn that inventory into a credible development plan.

Decidr AI Industries delivered 99% revenue growth and a A$13.6 million annualised exit rate in FY26, but the company’s A$32.4 million loss and auditor-highlighted going concern uncertainty put funding at the centre of its next chapter. Management is targeting A$5 million in annualised savings while seeking to convert early AI deployments into recurring revenue.

Recharge Metals ended FY2026 with $5.61 million in cash after a $5.97 million capital raise and the acquisition of the Sunset Well gold project. The explorer now faces a sharper test: whether drilling can turn Prospero’s 94,500-ounce inferred resource and its broader exploration portfolio into something more substantial.

Antares Metals delivered its busiest exploration year yet, reporting high-grade copper, uranium and gold results across Queensland and Western Australia. But the explorer ended FY2026 with just $581,438 in cash, while its auditor flagged a material uncertainty over its ability to continue as a going concern.

Rimfire Pacific Mining has expanded its NSW scandium inventory and reported preliminary leach results that could support a simpler extraction route. But the ASX explorer ended FY2026 with $583,770 in cash, negative working capital and an auditor-highlighted material uncertainty over its ability to continue as a going concern.