Latest Produce News

Oceana Metals has more than doubled the known rare earth mineralisation footprint at its Serra Negra project in Brazil to over 4.5 square kilometres, while drilling has accelerated to four rigs. The company has also completed the acquisition of the project, but key assays, mining-right amendments and a maiden resource remain ahead.

Mach7 Technologies has completed a costly FY26 reset, cutting operating expenditure by 16% while revenue fell 17% and the net loss widened to A$8.9 million. The company enters FY27 with a higher recurring-revenue mix, new customer orders and A$19.9 million in cash, but no earnings guidance and plenty to prove.

PDI Gold generated US$282.9 million in September-quarter revenue and ended the period with US$405 million in cash and bullion, despite weaker production at Nampala. The company maintained its 2026 output guidance as Kiniéro continued to carry the operating platform and Bankan moved closer to execution.

Centaurus Metals has advanced engineering, infrastructure and financing work at its Jaguar nickel project, while post-quarter offtake and strategic funding deals strengthen the path towards a Final Investment Decision. Its Boi Novo copper-gold project has also produced more than 20 drill-ready targets, but the company remains dependent on completing its debt and broader funding package.

Horizon Gold has reported its strongest Snook drilling results to date alongside resource-growth extensions across nine prospects at Gum Creek. The exploration success comes with A$16.945 million in cash and a major funding requirement still ahead for development.

Victory Metals has put a A$1.21 billion post-tax PFS value on North Stanmore, secured its mining lease and begun product qualification with potential offtake partners. The project remains pre-production, with DFS work, approvals, financing and metallurgical validation still ahead.

Wide Open Agriculture has completed the major physical steps in exiting its German manufacturing facility and is now testing four prospective Asian production partners. The transition could lower fixed costs, but commercial supply still depends on technical trials, partner selection and a definitive agreement.

CZR Resources has extended gold mineralisation at Croydon, including its strongest Top Camp result to date, while high-grade iron sampling adds momentum across its Pilbara portfolio. But the company’s proposed Zuleika Gold takeover has run into a shareholder approval failure and now requires ASIC consent to be withdrawn.

Critica has put a combined after-tax NPV of about A$3.0 billion across its Mt Lindsay and Jupiter projects, but ended September with just A$3.3 million in cash. Both developments remain at scoping-study stage and require substantial funding that has not yet been secured.

Terra Critical Minerals has secured formal access to Glen Eden Station in NSW, clearing a 30-year land access barrier ahead of planned tungsten drilling. The explorer ended September with A$274,000 in cash and an estimated four quarters of funding at its current spending rate, before the cost of drilling is considered.

OMG Group has confirmed its first positive quarterly EBITDA, with Q1 FY27 sales rising 59% to approximately $1.92 million and gross profit growing faster than revenue. The result marks an earnings milestone, but operating cash flow remained negative as the company invested heavily in inventory and supplier deposits.

Sultan Resources has ended the September quarter with $1.652 million in cash as it builds a copper-gold exploration portfolio spanning Namibia and New South Wales. The company’s most advanced near-term work remains contingent on a licence grant, geophysical reviews and shareholder approvals.