Latest Produce News

LE Minerals finished FY2026 with a $48.17 million statutory profit, but the result was dominated by a one-off $58.14 million gain from selling its Solaroz lithium project interest. The company now has a substantial cash buffer to fund Queensland and Utah exploration while it seeks approval for a conditional $20 million graphite sale and spin-out.

ResMed has delivered a stronger first quarter for fiscal 2027, with revenue up 6% to US$1.415 billion and net income rising 20% to US$418 million. The headline result was helped by a preliminary gain on the MatrixCare sale, while the core Sleep and Breathing Health business continued to expand.

Macmahon has completed its A$75 million acquisition of Aspect Engineering Solutions after the ACCC confirmed the transaction did not require notification. The mining services group expects the deal to be underlying EPS accretive from inception, before synergies, as it builds an engineering and minerals processing platform.

KMD Brands has granted US consumer brand group Bluestar Alliance exclusive access to confirmatory due diligence and ongoing talks over a possible acquisition of all KMD shares. The discussions remain non-binding, with no transaction terms or certainty of completion disclosed.

Manuka Resources has restarted gold production at Wonawinta and reached full processing capacity after quarter end, marking the first operating revenues from the plant. The stronger production narrative is tempered by A$581,000 in cash, A$60.1 million of borrowings and a reported funding runway of just 0.37 quarters on the September cash burn.

Accent Resources has reinforced its Magnetite Range strategy after independent testwork produced up to 68% Fe concentrate using a dry processing route. The company also reported cash of A$5.505 million, a Norseman sale worth up to A$4.0 million and an 11,568-metre drilling campaign now underway.

Pathkey.AI has secured its first Chipforge customer contract ahead of the semiconductor platform’s commercial release, while a $2.8 million placement lifted quarter-end cash to $5.83 million. The company remains early-stage, with just $10,000 in customer receipts during the September quarter and further commercial conversion still to prove.

Image Resources delivered Atlas production above the midpoint of annual guidance, but port delays and an A$8.9 million quarterly operating cash outflow left the company with A$9.0 million and less than one quarter of funding. A proposed LB Group transaction may provide further support, although it remains subject to binding documents and approvals.

Austral Resources produced 1,457 tonnes of copper in the September quarter, 21% below the low end of guidance, after a crushing upgrade and sulphuric acid shortages disrupted Mt Kelly. The company expects output to recover late in the December quarter, but cash fell to $21.04 million by 30 October after major settlement and development payments.

Macarthur Minerals has secured a second Programme of Work approval for proposed bulk sampling at its Lake Giles Ularring Hematite Project. The milestone advances planning with Gold Valley and Destec, but the company stresses that it does not authorise mining, prove economic viability or amount to a final investment decision.

Far East Gold’s cash position has tightened sharply, with only A$593,000 remaining after a September quarter of takeover costs and exploration spending. The company says it needs new funding while a board-control fight threatens to add further uncertainty.

Macro Metals lifted mining services work performed to approximately A$2.8 million in the September quarter as its first BHP Mt Goldsworthy package ran ahead of schedule. The operational progress comes alongside a thin A$392,000 quarter-end cash balance, followed by a proposed A$3.28 million funding package to accelerate Pilbara exploration.