Latest Produce News

Radiopharm Theranostics is preparing to start a pivotal RAD101 brain-metastases imaging trial in early 2027 after a successful FDA meeting. The clinical progress comes with a sharper funding question: the company reported A$7.46 million in cash against A$10.69 million of quarterly operating outflows, before a subsequent A$8 million tax-incentive-backed advance.

Breakthrough Minerals has extended copper-gold mineralisation beyond Turpentine’s existing resource model, with its northernmost hole returning 14 metres at 1.57% CuEq. The exploration progress comes alongside A$2.484 million in cash and a reported 0.81 quarters of funding based on recent outgoings.

Altair Minerals has reported gold in all six deep trenches at South Oko, led by a 10m interval grading 10.15g/t, while expanding Greater Oko and accelerating a fully funded drilling campaign. North Peters has also produced visible gold in core, although laboratory assays are still pending.

RTG Mining says its Mabilo copper and gold project is moving towards a Final Investment Decision, with Glencore financing up to US$30 million of Stage 1 development. Permitting remains the critical hold-up, while fresh drilling at Chanach has produced no assays yet.

Gold Hydrogen says its Ramsay project has demonstrated helium flow across three wells, with concentrations averaging 15.2% and modelled potential of up to 37 Mscf per well per day. The technical progress comes with a sharper financial constraint: cash fell to A$3.96 million, equal to only 0.57 quarters of reported funding, while a capital raising remains in prospect.

Paterson Resources has begun the next test of its Grace Gold Project, with a 9,200 metre drilling campaign targeting resource growth and a partial upgrade from Inferred to Indicated status. The ASX-listed explorer ended September with A$1.4 million in cash, no debt and a disputed contractor claim hanging over the balance sheet.

Codrus Minerals has completed its acquisition of EdgeMet, adding projects in Peru and Queensland while initial rock-chip sampling at Tiquihua returned results above 5% molybdenum and 10% copper. The explorer ended September with A$2.02 million in cash after a A$2.5 million placement.

Lakes Blue Energy has secured approvals for the next Wombat-5 testing phase, with work expected to begin in mid-November. The milestone comes as the company reports $4.16 million in cash but only 1.68 quarters of funding at the September quarter’s spending rate.

North Stawell Minerals has extended its Darlington gold system and sharpened its exploration focus, but the annual report carries a material uncertainty over the company’s ability to continue as a going concern. Cash fell to $701,960 as the explorer’s annual loss widened to $1.24 million.

Tungsten Mining has moved Watershed into early construction while financing proposals potentially cover about 70% of its A$274 million pre-production capital requirement. The September quarter also delivered a large-scale Mt Mulgine PFS, a A$50 million placement and A$70.1 million in cash.

Vertex Minerals has secured approval for round-the-clock underground operations at its Reward Gold Mine, removing the company’s stated biggest production constraint. The operational opening arrives alongside modest quarterly output, a sharply revised resource and reported cash coverage of less than half a quarter.

Merino & Co. entered FY2027 with A$1.404 million in cash after a A$1.010 million capital raising, giving the company more room to develop its botanical dye project and expand fulfilment. The stronger balance sheet came alongside a A$164,000 operating cash outflow and fully drawn NAB loan facilities.