Latest Produce News

Rapid Critical Metals reported expanding high-grade silver mineralisation at Webbs and strong processing test results, but ended September with $3.548 million in cash against quarterly relevant outgoings of $3.824 million. The company said it has not yet started a funding process, although it expects to consider its options.

Taruga Minerals has mobilised its first diamond drill rig at the Weioko Gold Deposit since 2009, while preliminary oxide testwork returned gold recoveries of up to 96.27%. The results are encouraging, but the company’s cash position remains tight before a post-quarter option exercise raised A$1.5 million.

Pivotal Metals has put a A$920 million post-tax NPV on its Horden Lake copper project, while continued drilling and target generation broaden the company’s Quebec growth story. The attraction comes with familiar development-stage caveats: the study is preliminary, includes inferred material and leaves Pivotal with about 2.4 quarters of funding at the reported spending rate.

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.

Terrain Minerals has started its largest-ever Smokebush drilling campaign after establishing a 54,000-ounce inferred gold resource at Lightning, while newly identified tungsten adds a second critical-minerals angle. The exploration momentum comes with a clear funding constraint: quarter-end cash covered only 1.16 quarters of reported outgoings, before the company placed its remaining rights issue shortfall.

Middle Island Resources has connected three mineralised zones at its Bobija project in Serbia into an 80,000-square-metre shallow polymetallic system, while confirming sizeable copper and gold targets elsewhere in its portfolio. The explorer is also shedding its Northern Territory licences to reduce annual commitments by about $400,000, but reported only $1.694 million in quarter-end cash.

KALiNA Power says its Alberta gas-fired generation portfolio is moving closer to commercial contracting as data centre demand, regulatory reform and grid access rules converge. The company ended the September quarter with A$11.4 million in cash, no debt and an estimated 13 quarters of funding at its current operating burn.

Caravel Minerals has completed the mining component of its Caravel Copper Project feasibility study, but the full DFS has slipped into the fourth quarter of 2026. The company is also reviewing process plant costs while holding $16.8 million in cash and reporting an estimated 4.6 quarters of funding at the quarter’s outflow rate.

Haranga Resources has moved its Lincoln Gold Project closer to a formal redevelopment study after completing underground access works, securing adjacent land and returning a high-grade result from the first Phase 2 hole. The company ended September with $3.33 million in cash as it weighs the cost and scale of a potential restart.

Cyprium Metals has secured an approximately A$20.7 million institutional placement and outlined a proposed debt extension that could take its staged Nifty funding package to A$83 million. The capital is aimed at advancing the open-pit feasibility study, infrastructure upgrades and a major SXEW expansion while first cathode production remains targeted for Q4 2026.

Bathurst Resources lifted first-quarter consolidated EBITDA to NZ$9 million, helped by stronger export coal pricing and improved North Island domestic earnings. The miner held its FY27 EBITDA guidance at NZ$30 million to NZ$40 million while advancing two projects that could extend its operating life by up to 20 years.

AUCyber returned to positive operating cash flow in Q1 FY27 while securing $2.16 million of university-sector managed security contracts. The result is encouraging, but the company still ended the quarter with only $782,000 in cash and relies partly on an unsecured 5G Networks facility.