Latest Produce News

Red Mountain Mining has completed its maiden 1,776-metre drill program at Oaky Creek, with antimony-gold assays due in November. In Montana, surface sampling confirmed tungsten mineralisation across three Pioneer prospects, while the company ended the quarter with A$1.022 million in cash and an estimated 2.2 quarters of funding.

Rubix Resources has reported encouraging copper exploration signals at Paperbark and stronger prospectivity at Redbeds, but ended the September quarter with just A$6,000 in cash. The company estimates it has 0.05 quarters of funding available and says it will need to raise more capital to continue operations.

Amara Minerals has reported broad gold intersections at its Apollo project in Victoria, including 102.3 metres at 2.29 g/t gold. The exploration momentum comes with just A$0.59 million in quarter-end cash and a stated need to assess further capital raising options.

Jade Gas has progressed a proposed consortium-backed development for its Mongolian coal bed methane project, with 100% of Phase 1 capital expenditure potentially funded by a Chinese-led group. The opportunity is substantial, but the agreement remains non-binding and binding documents are now targeted for November.

Aspire Mining has moved the Ovoot Coking Coal Project from planning into site establishment, while its new bond programme has raised US$11.2 million. The funding progress comes alongside only US$2.1 million in quarter-end cash and an estimated 1.8 quarters of available funding.

Power Minerals has reported its strongest Morro do Ferro drilling results yet, alongside a conceptual 9.2 million to 10.7 million tonne Exploration Target in Brazil. But the ASX-listed explorer ended September with A$4.5 million and says it is seeking a strategic capital raising while in a trading halt.

Identitii lifted annual recurring revenue 21% to $865,000 and expanded its sales pipeline 70% during the September quarter as new transaction-monitoring tools went live. But the fintech ended the period with negative cash of $44,000, leaving its near-term funding position dependent on further convertible-note proceeds and improved operating cash flow.

BCAL Diagnostics has completed clinical validation for BREASTESTplus 2 across all breast densities and is targeting a November launch, while expanding Avantect Multicancer access. The commercial push comes alongside $1.895 million in quarterly operating cash outflows, only $580,000 in cash at quarter end and a growing strategic stake in Genetic Signatures.

Sequoia Financial Group reported a sharp first-quarter revenue decline and pretax loss as authorised representatives left its InterPrac licence. Cash rose to A$11.4 million, but the balance was bolstered by the sale of Centrepoint Alliance shares while ASIC continues to question documentation linked to the InterPrac exit.

Great Divide Mining increased Challenger concentrate production and plant feed rates during the September quarter, but ended with A$433,000 in cash and an estimated 0.9 quarters of funding. The company is relying on higher production, cost control or potential equity funding while advancing Coonambula towards a maiden resource estimate.

Dome Gold Mines has reached a regulatory milestone at its Sigatoka heavy mineral sands project, but remains suspended from trading with no cash on hand and its annual audit unfinished. The company is seeking up to A$3 million through convertible notes while it negotiates funding for valuation work and working capital.

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.