Latest Produce News

Infinity Mining has signed a partially binding term sheet to sell its Cangai Copper Project for $1.0 million cash, plus the return of approximately $0.2 million in rehabilitation security. The proposed deal would leave Infinity with four years of rights to test and process Cangai slag while its exploration portfolio produces high-grade but early-stage results.

Blue Energy is positioning its Queensland gas portfolio for potential demand from LNG exporters under proposed federal reservation rules, while seeking a farm-in partner for ATP 854. The company ended September with A$3.2 million in unaudited cash, no debt and a more cautious approach to Sapphire spending.

Quantum Graphite has taken Uley 2 FEED work to 80% completion while finalising its Oman refinery plans and revised financing structure. The progress comes alongside A$1.272 million of quarterly operating and investing outflows, just A$50,000 of reported quarter-end cash and estimated funding of 1.33 quarters.

Waratah Minerals has expanded its Spur Gold Project across multiple targets, led by a 46-metre intercept grading 7.27g/t gold at Consols. The company also completed the Ironclad lease acquisition and ended the quarter with A$44.46 million in cash and listed investments.

Galan Lithium says first lithium chloride concentrate sales from Hombre Muerto West remain on track for Q4 2026, with plant data supporting the planned product quality. Earthworks have also started to lift Phase 1 capacity to 5.2ktpa, although development spending leaves the company with a measured funding runway under its Appendix 5B calculation.

Murray Cod Australia has posted record quarterly sales and expanded into hundreds of Woolworths and Coles stores, but the growth story still depends on turning distribution gains into recurring cash receipts. Underlying operating cash outflow remained A$4.27 million after excluding a one-off R&D tax incentive, while August fish mortality exposed an operational risk.

Dalaroo Metals has expanded its Bondoukou campaign to a fully funded 12,000 metres after early Wilfred assays included 18 metres at 7.31 g/t gold. The September quarter also delivered four new Greenland prospects, stronger Watheroo copper-nickel targets and an A$2.5 million capital raising.

Sky Metals has backed Tallebung with a strong pre-feasibility study, a 32.7-million-tonne resource and a new drilling campaign aimed at extending the mine life. The economics are compelling on the company’s assumptions, but financing, approvals and resource conversion remain the milestones between a study and a mine.

Australian Vanadium has moved its flagship project closer to an Optimised Feasibility Study while adding new industrial battery opportunities with Alcoa. But the September quarter also reduced cash to $12.4 million, leaving an estimated 2.5 quarters of funding at the reported spending rate.

Magnum Mining has completed its main Piracanjuba North drilling campaign and narrowed the Brazilian rare earths project to a 32.5 square kilometre priority zone ahead of a maiden resource estimate. The progress comes with a sharper constraint: A$2.0 million in cash covers only about 1.19 quarters at the latest spending rate.

True North Copper has extended Mt Oxide’s exploration story and lifted Cloncurry’s contained resource to 204kt CuEq, while an $18.75 million equity raise helps fund its next phase. The quarter also highlights the company’s continuing dependence on capital markets, with reported cash covering less than two quarters of current outgoings.

Environmental Clean Technologies has produced its first MXene on a US Flash Joule Heating reactor, marking a technical step in its defence materials strategy. The harder work now is proving repeatability, performance and customer qualification while building a separate PFAS pilot.