Latest Perth News

Three historical stockpile samples from Narryer Metals’ Redhill Copper Project returned copper grades of up to 14.9%, alongside elevated silver and bismuth. The results strengthen the case for follow-up mapping and drilling, but do not yet demonstrate comparable grades in undisturbed mineralisation.

GDI Property Group enters FY27 with full occupancy at its flagship Perth offices, a 25% lift in Funds From Operations and a plan to sell more than $100 million of non-core assets. Management is also targeting another 5.0 cents per security distribution, while warning that it may be paid partly or wholly from capital.

SSH Group has reduced hire purchase debt by approximately $7.5 million to $12.8 million while retaining a fleet of more than 250 rental assets. The company has also completed the first phase of its EMS integration, but its proposed Crawford Gold mining contract remains unsigned.

Native Mineral Resources delivered a record 1,300.2oz of refined gold from Blackjack in October, supported by higher grades, throughput and plant recovery. A further 895.9oz doré smelt has opened November, although its final Perth Mint outturn remains pending.

Macallum New Energy has completed the first tranche of its placement, raising A$2.88 million before costs through the issue of 20.6 million shares. The company has also lodged a cleansing notice confirming that no excluded information required disclosure at the notice date.

FBR has converted its first Mantis welding robot sale into a binding A$990,000 order and secured a North American distributor. The commercial progress comes alongside A$2.073 million of quarterly operating cash burn and a reported 0.12 quarters of funding at period end.

Broken Hill Gold has increased the Vertigo resource by 43% while drilling continues to reveal high-grade gold-copper sulphides beneath White Dam’s Icebreaker prospect. The company ended September with A$12.6 million in cash, but its proposed production restart still depends on further drilling, refurbishment and mine economics.

Reedy Lagoon has moved its Burracoppin projects closer to drilling while securing up to $2.5 million in new capital, though no field exploration occurred during the September quarter. The company ended the period with just $90,000 in cash and still faces access, environmental and funding hurdles.

Midas Minerals has extended copper-silver mineralisation across its Otavi project in Namibia, with standout results from T-13, Spaatzu and Deblin. Eight rigs are now operating ahead of an updated T-13 resource and maiden estimates for Spaatzu and Deblin targeted for early 2027.

PARKD has secured two early-stage contracts, added Symal as its exclusive partner in Victoria and South Australia, and lifted pro forma cash to about A$850,000 through a strategic placement. The progress comes against a sharp liquidity squeeze, with just A$53,000 in cash at 30 September and funding equivalent to 0.21 quarters before the raise.

Focus Minerals generated A$180.1 million in customer receipts during the September quarter, while Bonnie Vale underground production rose alongside stable processing at Coolgardie. The company finished with A$184.6 million in cash, a A$95.1 million term deposit and a fully franked dividend paid to shareholders.

Spectur closed the September quarter with $762,000 in cash after a $1.10 million operating outflow, leaving it with an estimated 0.69 quarters of funding. The company is relying on cost savings, stronger seasonal receipts, collections of $1.1 million in receivables and a proposed $770,000 R&D tax credit advance to improve liquidity.