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Mamba Exploration cut its FY2026 loss sharply and ended the year with A$1.19 million in cash after acquiring 70% of the Meeka East Gold Project. But the annual report says additional debt or equity funding is required to sustain exploration, creating a clear financial test for the new Western Australian strategy.

Hawk Resources has reported broad near-surface copper mineralisation at its Cactus project, while its FY2026 loss widened and the company flagged a continuing need for fresh funding. The explorer ended June with A$4.52 million in cash after substantial equity raisings and has since secured an 80% Olympus scandium interest for A$1.36 million.

DevEx Resources has emerged from FY2026 with a 9,200 square kilometre uranium landholding in the Northern Territory, $27.2 million in cash and a multi-target drilling campaign underway. Early alteration at KP and shallow mineralisation at Big Radon provide technical encouragement, but the exploration case remains dependent on follow-up drilling and assays.

Cettire returned to positive operating cash flow in FY26, but its annual report carries a material uncertainty over going concern after current liabilities exceeded current assets by A$51.8 million. The luxury e-commerce group also posted an A$8.5 million statutory loss and is relying on working-capital discipline, VAT recoveries and potentially conditional director support.

Ocean Sciences delivered a sharp increase in seaweed revenue during FY2026, but the audited report also records a A$1.612 million continuing-operations loss, A$2.319 million operating cash outflow and material uncertainty over its ability to continue as a going concern. The renamed ASX-listed group is now seeking up to A$3 million while building out its Indonesian platform.

Group One Capital delivered a sharp revenue increase and remained profitable in FY2026 as structured finance emerged as a material new income stream. The opportunity is significant, but future fee receipts remain tied to project settlements, refinancing and contractual conditions.

Orbminco has shifted from exploration to gold development, with Majestic North now carrying a 50,300-ounce JORC resource and a proposed low-capital route towards production. The annual report also flags material uncertainty over going concern as cash stood at $1.92 million after a loss-making year.

St George Mining’s Araxá project now boasts a 111.2Mt rare earths resource after a major post-year-end upgrade, alongside 630,000 tonnes of contained niobium. The 2026 annual report shows a company moving rapidly towards development, but still without an ore reserve, mine design or production decision.

Blaze Minerals reported a narrower FY2026 loss, but ended the year with just $43,552 in cash and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company is relying on shareholder-approved funding, a proposed 20:1 consolidation and a conditional Ugandan tungsten acquisition to reshape its next phase.

Valiant Gold’s first annual report shows a newly listed gold company with $62.8 million in cash, no debt and two Western Australian projects moving from demerger to execution. The immediate test is whether Comet can be restarted while drilling at Reedy converts resource potential into something mineable.

PTR Minerals has posted a 463 million tonne maiden resource for its Rosewood titanium project, backed by strong early processing results and fresh funding. The next test is whether the large geological inventory can become an economically viable mine.

AdNeo Limited (ASX: AD1) nearly doubled operating revenue in FY26 and delivered its first full-year operating cash inflow, marking a sharp turnaround after the Learnt Global acquisition. The recovery remains incomplete, with a $3.97 million loss, significant current liabilities and an auditor-drawn material uncertainty over going concern.