Latest Produce News

Metals Australia has advanced feasibility, permitting and funding work at its Lac Carheil graphite project while establishing a 45.7Mt Manindi VTM resource. The progress sits alongside a modest A$2.575 million cash balance and no disclosed financing facilities.

Battery Age Minerals advanced its Bleiberg germanium permits and expanded Falcon Lake to about 60 km², but its cash position now covers an estimated 1.34 quarters of funding. Initial Apex fieldwork also failed to confirm the remote-sensing anomalies that had defined the Utah targets.

Vanadium Resources has entered the next phase of its V-Iron strategy after a preliminary study outlined a US$842 million post-tax NPV and 36% IRR. The figures are encouraging, but the project now faces its more consequential tests: funding, binding offtake, permitting and a definitive feasibility study.

Swift TV expanded its contracted footprint and qualified pipeline in the September quarter, but ended with $1.047 million in cash and only 0.9 quarters of funding at the reported burn rate. The company is relying on customer receipts, an expected $1.5 million R&D incentive and lending arrangements as commercial deployments accelerate.

Lac Gold says fresh assays from its Rouyn Gold Project show broad mineralised envelopes with higher-grade internal zones, supporting its plan to grow the existing 1.66Moz resource. The next major test is an updated resource estimate targeted for the March 2027 quarter, while the company’s A$9.85 million cash balance leaves limited room for delay or a sharp increase in drilling spend.

Ardea Resources and its Japanese consortium partners will add an approximately nine-month Pre-FEED phase before finalising the Goongarrie Hub feasibility study and moving to FEED. The decision resets the previously advised DFS timing and funding arrangements while opening new work on cost reduction, scandium and gold.

GreenX Metals is moving Tannenberg toward a planned 2027 drilling campaign while completing fieldwork across its expanded Greenland portfolio. The company is also preparing enforcement action over a Poland arbitration award, although key legal decisions remain pending.

West Cobar Metals is preparing its first dedicated scandium drilling campaign at Salazar, with the programme expanded to include the Benriach prospect. But the company ended September with A$918,000 cash and an estimated 1.72 quarters of funding at the quarter’s reported expenditure rate.

Parkway Corporate delivered record quarterly revenue of $7.71 million and $1.08 million in operating cash flow as its mine dewatering contract expanded to about $2.1 million. The company also advanced its Queensland brine project, although its next test is turning approvals and technology development into funded commercial infrastructure.

Resource Minerals International has identified multiple high-grade gold-silver quartz veins and a large copper-molybdenum-bismuth soil anomaly at Wadi Salamah in Saudi Arabia. The exploration progress comes with drilling and assay results still ahead, while RMI ended the quarter with A$477,000 in cash.

Blue Star Helium has recorded its first commercial helium sales from the Pinon Canyon plant in Colorado, delivering five tube trailers during the September quarter. The milestone comes with an extended offtake agreement through March 2027, but production growth still depends on permits, well development and funding.

Sovereign Metals says a low-cost monazite by-product circuit could add US$722 million of pre-tax NPV8 to its Kasiya project in Malawi. The opportunity is commercially striking, but remains a preliminary scoping result requiring further studies, customer qualification, approvals and funding.