Latest Produce News

Sunstone Metals has lifted the Bramaderos Mineral Resource by 72% to 6.2Moz AuEq after drilling success, while restarting deep drilling at its much larger conceptual El Palmar target. The exploration gains come with a clear funding constraint: A$6.5 million of cash represented about 1.8 quarters of estimated funding at quarter-end.

Iondrive’s updated model points to a US$243 million post-tax NPV for its proposed Oklahoma rare earth module, but the headline economics now face their first substantial bulk-scale test. The company is targeting 1.4 tonnes of mixed rare earth oxides from a North American qualification campaign while pursuing debt, grants and incentives.

Beacon Minerals delivered a stronger September quarter, producing 6,250 ounces and recording A$21.6 million in net mine cash flow as throughput improved at its Jaurdi mill. The next test is whether the upgraded plant can sustain higher processing rates while the company advances its larger Iguana growth plan.

Ambertech has reported a $2.251 million FY26 statutory loss after taking about $3.2 million in goodwill, inventory and restructuring charges. Cash flow and inventory improved, but the ASX-listed technology distributor will not pay a final dividend as it turns FY27 into an execution test.

Botala Energy has achieved continuous gas flow from stimulated well 3.5B at its Serowe coal bed methane project in Botswana. The technical milestone comes with a significant funding constraint: cash stood at A$286,000 at quarter end, before a subsequent A$1.35 million placement and planned share purchase plan.

Strickland Metals has ended the September quarter with a 9.25Moz AuEq resource at its Rogozna project, new geophysical targets in Serbia and A$75.7 million in cash and liquid investments. The next test is execution: drilling did not begin, licence approvals remain pending and a new managing director is yet to be appointed.

St George Mining’s Araxá project advanced on several fronts in the September quarter, with a 155% increase in Measured and Indicated resources, new high-grade drilling and environmental permitting underway. The company ended the period with A$86.2 million in cash, but still has to convert a large Mineral Resource into an economically viable operation.

LCL Resources has added a second Rio Tinto-funded exploration program in Papua New Guinea, while completing a 5,598 line-kilometre survey at its Ono project. The deal could see Rio Tinto earn up to 80% of Liamu, leaving LCL with funded exposure to several undrilled targets and A$7.76 million in cash.

Blackstone Minerals is moving through the pre-feasibility study for its large Mankayan copper-gold-silver project, with drilling discussions continuing and completion scheduled in FY27. The company ended September with $12.2 million in cash after using $1.6 million during the quarter, while several Vietnam milestones remain subject to government approvals.

Vection Technologies has started FY27 with stronger customer receipts, a sharply narrower operating cash loss and A$7.0 million in quarter-end cash. The next test is whether Defence, Retelit and URBANnext commitments convert into reported revenue through the year.

Algorae Pharmaceuticals has moved closer to its first expected NSW Health supply orders while reporting stronger preclinical results from its AOS2 drug-discovery platform. The company ended September with $3.15 million in cash and a further $3 million undrawn facility, but its commercial contract carries no minimum volume commitment.

Wiluna Mining has emerged from a disrupted September quarter with a $180 million IPO, no secured debt and a renewed exploration program. The transformation came after a CIL tank rupture halted processing, drove 91 redundancies and left the company with $18.7 million in cash at quarter end.