Latest Produce News

AXP Energy reported higher quarterly oil and gas production after commissioning a 320 kW gas-to-power system in Oklahoma, but its cash position remains tight and the report contains conflicting cash figures. The company is relying on a capital raise to fund a proposed seven-well acquisition and further development.

New Age Exploration has logged more than 100 metres of alteration, veining and sulphides at its Wallah Silver Project, but laboratory assays are still needed to establish whether the zone contains silver mineralisation. At Lammerlaw, a standout gold hole is driving a larger 2027 trenching and drilling campaign while cash of $728,000 covers only 0.87 quarters of reported outgoings.

MC Mining advanced its Makhado hard coking coal project through hot commissioning, but ended September with only US$170,000 of cash and facilities before temporarily suspending all operations. The company is relying on shareholder funding to restart and complete the project ramp-up.

Rivco Australia has reported a 1.2% quarterly decline in pre-tax NAV as softer water entitlement values offset the benefits of a more heavily leased portfolio. The company is shifting dividends towards operating earnings, while continuing its buyback at a substantial discount to NAV.

Advance Metals has extended high-grade silver and polymetallic mineralisation at its Gavilanes project in Mexico, including its strongest silver assay to date. The exploration progress comes with a funding question: the company ended September with A$2.106 million in cash, or an estimated 0.97 quarters of funding, and is discussing a capital raising.

Ocean Sciences has completed its first direct seaweed shipment from Indonesia to China, but ended September with just A$72,000 in cash and an estimated 0.4 quarters of funding. The company says it expects to raise capital in November as it develops its trading operations and Takalar innovation centre.

BauMart ended the September quarter with negative cash and cash equivalents of $199,000, despite raising $244,000 and repaying $250,000 of borrowings. The company expects an $80,000 modular-pilot inflow in December and plans another capital raising after its November AGM.

White Energy has added coal assets in Queensland and Alabama, raised $15 million and completed the South Galilee acquisition after quarter-end. The company ended September with $8.252 million in cash, while exploration delivered fresh copper-gold-silver indicators at Specimen Hill.

Tartana Minerals has accelerated exploration after a shareholder-driven leadership overhaul, but its cash runway is shorter than the time to its next major debt maturity. Assays from Nightflower, copper drilling and regional sampling now carry added significance as the company negotiates refinancing and reviews its stalled copper sulphate operation.

OpenLearning reached record SaaS ARR of A$3.44 million after securing more than A$2.8 million in minimum contract value during the quarter. But with only A$204,000 in cash and reported funding of 0.31 quarters, the ASX-listed education software company is preparing an entitlement issue and exploring a placement.

Enova Mining has reported encouraging rare earth exploration and metallurgical results across Brazil and Australia, but ended September with just A$333,000 in cash. A proposed A$2 million placement, A$495,200 rights issue and revised 25-for-1 consolidation now sit at the centre of its next phase.

Xenitra has returned to positive quarterly gross profit as its new pharmaceutical and Web3 businesses begin generating revenue, but statutory operating cash flow remained negative at A$790,000. The company is now relying on procurement targets, repeat Web3 sales and further capital discipline to turn early commercial activity into sustainable cash generation.