Latest Production And Development News

GoldArc Resources has cleared a key regulatory hurdle for Mt Stirling, completed grade control drilling at Mt Stirling Well and continued to find high-grade gold across its Leonora projects. The company ended September with A$2.831 million in cash and A$2.5 million of unused funding facilities, but a mining start date remains unsettled.

NT Minerals ended September with $142,000 in cash and an estimated 0.47 quarters of funding, while its ASX suspension remained unresolved. The company is pursuing additional funding and disputing responsibility for potential rehabilitation costs at the McKinnons Gold Mine.

US1 Critical Minerals ended September with A$65,000 in cash against quarterly operating outflows of A$406,000, leaving an estimated 0.16 quarters of funding. Its proposed transfer of six Tanzanian uranium licences could provide US$1 million on completion, but remains subject to regulatory and other conditions.

Fulcrum Lithium has delivered a 10.7 million tonne lithium carbonate equivalent resource at Alkali Flats, while advancing acid-free extraction tests and securing approval to drill Dry Canyon. The progress comes with only A$875,000 in cash and no stated plan to raise more funds.

Norfolk Metals has extended the deadline for its proposed Ciclón copper acquisition to 31 December and reduced the minimum capital raising requirement to A$75 million. The deal remains dependent on funding, ASX reinstatement and other conditions, while the company reported just $155,000 in quarter-end cash before drawing a related-party loan.

Caravel Minerals has completed the mining component of its Caravel Copper Project feasibility study, but the full DFS has slipped into the fourth quarter of 2026. The company is also reviewing process plant costs while holding $16.8 million in cash and reporting an estimated 4.6 quarters of funding at the quarter’s outflow rate.

Haranga Resources has moved its Lincoln Gold Project closer to a formal redevelopment study after completing underground access works, securing adjacent land and returning a high-grade result from the first Phase 2 hole. The company ended September with $3.33 million in cash as it weighs the cost and scale of a potential restart.

AUCyber returned to positive operating cash flow in Q1 FY27 while securing $2.16 million of university-sector managed security contracts. The result is encouraging, but the company still ended the quarter with only $782,000 in cash and relies partly on an unsecured 5G Networks facility.

49 Metals has completed assays from all 22 holes in its maiden Gold Mountain RC program, with results pointing to a broad gold system and multiple higher-grade structures at the Adit Zone. A further 3,500 metres of drilling is now underway, while the company held $5.536 million in cash at quarter end.

Pancontinental Energy has applied to extend its PEL 87 exploration rights in Namibia, backed by a proposed firm well and 4,200 square kilometres of seismic reprocessing. The company has also awarded DUG Technology the reprocessing contract, while its $1.866 million cash balance leaves future exploration funding as a key consideration.

Lithium Universe ended September with A$429,000 in cash and estimated funding of just 0.82 quarters after reporting no exploration, development or production activity. The company says it is reducing operating expenditure and assessing further funding options.

Miramar Resources has reported a maiden Inferred gold resource of 39,764 ounces at its 80%-owned Gidji JV near Kalgoorlie and secured $1.25 million to fund follow-up work. The resource is shallow and potentially expandable, but remains entirely Inferred and unsupported by metallurgical test work.