Latest Produce News

Daly Resources has extended the known Huckitta fluorite system more than 5km west of its historical focus, with rock-chip assays reaching 91.2% CaF2 across a vein mapped for more than 700m. The explorer is now preparing a regional soil campaign to rank targets for maiden drilling, while advancing copper-zinc work at Broughton and zinc-lead-copper exploration at Batten.

Clara Resources has finalised an initial 25-hole drilling campaign at Mareeba after rock chips returned up to 27.3 g/t gold, but entered October with only A$185,000 in cash. The explorer is relying on a delayed Kildanga sale and the second tranche of a placement to fund its next phase.

SportsHero says its rebuilt HeroPlay Gaming Universe is nearly ready for a November commercial launch after adding commerce, vouchers, payments and digital entertainment products. The expansion broadens the platform materially, but the next test is whether those capabilities translate into transaction revenue before cash burn becomes more pressing.

Reedy Lagoon has moved its Burracoppin projects closer to drilling while securing up to $2.5 million in new capital, though no field exploration occurred during the September quarter. The company ended the period with just $90,000 in cash and still faces access, environmental and funding hurdles.

Pure Resources has moved its Garnet Hills strategy from concept towards laboratory validation, with heavy rare earths recovered into solution, CNTF fabrics manufactured in-house and garnet meeting key abrasive standards. The milestones remain early-stage, with no quantified rare earth recovery or commercial revenue reported.

Verity Resources has identified gold mineralisation across a 9km corridor at Monument and outlined a new intrusion-related target at Gum Well. The exploration progress comes with only $471,000 in cash, or an estimated 0.82 quarters of funding, leaving further work dependent on lower spending and potential capital raising.

PARKD has secured two early-stage contracts, added Symal as its exclusive partner in Victoria and South Australia, and lifted pro forma cash to about A$850,000 through a strategic placement. The progress comes against a sharp liquidity squeeze, with just A$53,000 in cash at 30 September and funding equivalent to 0.21 quarters before the raise.

Tesoro Gold has moved El Zorro’s Ternera deposit from a defined resource to a 1.28Moz mineable reserve, while a newly committed A$40 million placement addresses a reported 1.61-quarter cash runway. The next stage is less about proving the orebody and more about completing the DFS, permitting the project and converting funding into development progress.

Oakridge International reported a $267,000 operating cash outflow for the September quarter, leaving $343,000 in cash and an estimated 1.28 quarters of funding. The healthcare technology company expects collections and customer orders to improve cash flow, while evaluating additional funding and continuing to manage a potential historical claim from Teko International.

Renascor Resources has produced battery-grade purified spherical graphite at 99.97% carbon purity from its Adelaide demonstration facility, strengthening technical validation of its HF-free process. The result came from third-party material, leaving Siviour graphite trials, customer qualification and project financing as the next tests.

Iron Bear Resources has retained full ownership of its Canadian iron ore project after Vale declined to advance under their development agreement. The company is now leaning on a completed PFS, a 3.3 billion tonne probable reserve and alternative funding partners to move the project forward.

Koba Resources has reported a 29-metre tin intersection grading 1.2% near the historic Gilmore Tin Mine in North Queensland, alongside tin mineralisation extending across 2km at Stannex. The company has started another 3,000m drilling program, but held only $1.97 million in cash at quarter-end and expects to seek equity funding.