Latest Produce News

Hiremii’s revenue fell 11.1% to A$7.056 million in Q1 FY2027 as adjusted EBITDA slipped further into loss, testing the company’s transition towards AI-powered workforce intelligence. The new AQYR brand and two platform launches offer a growth narrative, but cash discipline remains central with A$1.789 million of total available funding.

Jupiter Mines delivered Tshipi production and sales ahead of plan in the September quarter, but weaker manganese prices, higher freight and lower sales volumes sharply reduced earnings. Attributable cash fell to A$52.7 million after dividends and working capital outflows.

Coda Minerals has reported strong preliminary copper and silver extraction from Elizabeth Creek samples while testing whether cobalt can add an unmodelled revenue stream. The project’s processing route, water requirements and updated economics remain unresolved as the pre-feasibility study moves towards completion.

Broken Hill Mines delivered its first quarterly silver output above 100,000 ounces as three ore feeds lifted mining and processing at Rasp. The September quarter also brought A$37.6 million in sales, an A$85 million capital raise and fresh high-grade drilling results at Centenary and Pinnacles.

Raiz Invest delivered solid Q1 FY27 growth, with funds under management rising 20.2% to $2.40 billion and customer numbers reaching 354,202. But the fintech still cannot reliably quantify the potential impact of historical tax matters now under expert and regulatory review.

Astron has cleared a major financing hurdle for its Donald Project, with government-backed lenders conditionally approving up to A$180 million toward a proposed A$200 million Phase 1 debt facility. The project still needs commercial lender commitments, joint venture approval and a final investment decision targeted for Q4 2026.

Osmond Resources has advanced its Spanish critical minerals project through a maiden resource, a striking but preliminary scoping study and a maximum government grant. Yet with A$3.15 million in cash against a development concept requiring US$299 million, financing remains the project’s defining test.

Native Mineral Resources’ first full year as a gold producer delivered A$24.1 million in revenue and a late-year production surge, but the balance sheet remains under acute pressure. The ASX-listed miner reported a A$34.8 million loss, negative operating cash flow and a material uncertainty over its ability to continue as a going concern.

Sparc Technologies has moved its graphene additive business from testing towards commercial adoption, with a first ecosparc® delivery to a tier 1 coatings manufacturer and more than 20 active qualification programs. The September quarter also delivered hydrogen progress and fresh funding, but the company reported only 1.14 quarters of cash coverage before subsequent receipts.

Novatti’s AU/NZ quarterly transaction value rose to $1.2 billion, but regulatory disruption to international BPAY payments pushed revenue lower and left Cash EBITDA negative. The company is targeting an early 2027 relaunch while relying on pipeline conversion and product mix improvements to support its next phase of growth.

Australian Rare Earths has produced its first Mixed Rare Earth Hydroxide at the Koppamurra pilot plant while extending an interpreted carbonatite system at Overland by roughly 5km. The operating progress comes with two important qualifiers: Koppamurra still needs further product refinement and Overland assays remain pending.

Aurora Labs has moved another step from propulsion development toward commercial production, securing AS9100D certification and its first US engine order while customer enquiries expand. But with only A$1.148 million in cash at quarter-end and 1.5 quarters of funding estimated, the A$6 million raise is central to the next phase.