Latest Produce News

Orbit Resources has deferred the proposed Matrix Critical Minerals IPO after the offer failed to reach its minimum, cancelling next week’s shareholder meeting and returning funds received. The move preserves Orbit’s 100% ownership of the Narraburra rare earths project, but leaves its funding pathway unresolved.

Admiralty Resources increased quarterly iron ore concentrate production at its Mariposa project by 32% to 41,792 tonnes, even as adverse weather suspended mining. The result relied on stockpiled ore while the processing plant remained in commissioning and the company carried A$9.66 million of drawn debt facilities.

Kore Potash says it is still negotiating how the Republic of Congo’s new Mining Law will apply to the Kola Mining Convention, with construction required to begin by 8 June 2027. Two parties remain in the Formal Sale Process, while Kola’s environmental assessment is paused and the company held approximately US$6.4 million in cash at quarter-end.

Core Energy has lined up a A$3.025 million placement and a maiden Barking Gecko drilling campaign as it builds its uranium position in Namibia. The immediate funding picture remains tight, with A$679,000 in cash at quarter-end and the company reporting less than one quarter of funding before the next placement tranche.

Barys Resources has added a 110.8-square-kilometre gold exploration licence in Kazakhstan, taking its North Balkhash portfolio to 445.8 square kilometres. The expansion comes with a sharper funding constraint: cash fell to A$1.039 million at quarter-end, equivalent to about one quarter of funding at the reported spending rate.

Horseshoe Metals is consolidating high-grade material at Horseshoe Lights for potential 500-tonne DSO sales in the December quarter, while new exploration work points to a much larger copper system. The opportunity comes with important qualifiers: offtake proposals remain non-binding, the exploration target is conceptual and cash on hand was just $31,000.

Titanium Sands has completed the environmental fieldwork and technical studies needed to submit its Mannar Heavy Mineral Project assessment in Sri Lanka. But the ASX-listed explorer ended September with just $61,000 in cash, a fully drawn $1.8 million loan facility and estimated funding for only 0.21 quarters.

Culpeo Minerals has expanded its Chilean exploration footprint and advanced drilling across two copper projects, but ended September with only 1.4 quarters of estimated funding. The company says it is progressing an equity raising as assays and follow-up drilling become the next tests of its exploration strategy.

Aguia Resources says operations at its Três Estradas phosphate project can continue despite a Brazilian appellate court majority finding its environmental licence invalid. The quarterly report also showed record Santa Barbara gold production, but only A$499,000 in cash and a non-binding US$3 million funding proposal.

WhiteHawk reported a US$313,000 operating cash outflow for the September quarter, while a new A$1.5 million debt facility and A$1.24 million in annualised cost savings support its next phase. The post-quarter completion of Quixxi adds AI governance products, international customers and a four-year A$635,238 Italian contract, but revenue conversion remains the test.

Alpha HPA has moved closer to commissioning its flagship Stage 2 facility, with permanent plant energisation targeted for December while Stage 1 customer demand continues to outstrip available capacity. The company also began drawing funds from a $160 million government-backed commitment and reported $81.4 million in cash at quarter-end.

WA Gold has reported high-grade intercepts from Abercromby, including a narrow peak of 35.21 grams per tonne gold, while launching a 7,200-metre RC campaign aimed at upgrading the project’s resource. Bullabulling has also produced a larger pipeline of exploration targets, but the company had $2.5 million in cash at quarter-end and reported 3.47 quarters of funding at its latest spending rate.