Latest Produce News

The Australian Taxation Office has confirmed the tax treatment of Brazilian Rare Earths’ Alurion Resources demerger, including roll-over relief and the split of shareholders’ cost bases. The ruling gives eligible BRE investors a clearer framework for handling the distribution in their tax records.

Voltaic Strategic Resources has identified malachite-rich copper mineralisation across an approximately 100-metre area at its El Dinero prospect in Western Australia. Preliminary pXRF readings reached an average 8.31% copper in one selected sample, although laboratory assays are needed before the results can be treated as representative.

Tivan has secured the regulatory and cultural heritage clearances needed to advance an 8,000-metre drilling campaign at its Molyhil tungsten project in the Northern Territory. The company will also issue 3.84 million shares as part-payment for the project acquisition, while its feasibility and proposed funding plans remain unfinished.

Alkane Resources has lifted group Ore Reserves to 1.374 million ounces after exploration and resource conversion replaced depletion across its operating portfolio. The FY26 update also puts Björkdal’s open-pit restart and Costerfield’s extended mine life into sharper focus.

BPM Minerals has secured the final approvals for a maiden approximately 10,000-metre RC drilling campaign at its untested Bonnie and Clyde prospect in Western Australia. Drilling is expected to begin within 5-10 days, putting a more than 6-kilometre gold-in-soil anomaly to its first meaningful test.

Vulcan Energy has secured a second lithium production licence for its Lionheart project in Germany, removing another regulatory milestone on the path to targeted production in 2028. The Ilka licence is initially valid for six years, leaving a future consolidation and extension process still to complete.

Blackpearl Group more than doubled annual recurring revenue to NZ$26.8 million in FY26, but the growth came alongside an NZ$17.8 million loss and a formal material uncertainty over its ability to continue as a going concern. The company says cost reductions, faster cash conversion and its refinanced BNZ facility can support the next phase.

Marlin Global delivered a 3.0% gross performance return in August, beating its benchmark as software holdings rebounded sharply. The Fisher Funds-managed portfolio is also preparing to exit some investments and add businesses in three sectors.

New Age Exploration reported its strongest exploration results to date across three projects, including a 11.0 g/t gold intercept at Wagyu and a new mineralised zone at Lammerlaw. But the explorer’s $4.21 million loss, $2.48 million impairment and auditor-flagged going concern uncertainty leave its next drilling campaign dependent on further funding.

Pan African Resources expects FY26 EPS to rise as much as 151% and headline EPS to more than triple, driven by higher realised gold prices and sales. The company also projects further production growth in FY27, with formal results due next week.

Bass Oil has returned to profit for the first half of 2026, with EBITDA rising 80% and cash reserves strengthening while the company remains debt-free. The result comes as it moves towards first gas from Vanessa, advances the Kiwi project and prepares to tie in the stronger-than-expected Bunian 6 well.

Venari Minerals says it knows of no undisclosed information behind a sharp rise in its share price and trading volume. The company points instead to ongoing Red Mountain drilling and a proposed exploration program still awaiting US regulatory approval.