Latest Production And Development News

Lake Resources has moved its Kachi lithium project into front-end engineering after securing Catamarca’s Environmental Impact Declaration. A A$7.9 million ATM raising lifted quarter-end cash to A$10.1 million, although final capital costs and construction funding remain unresolved.

Cobalt Blue has moved closer to a commercial pathway for its Kwinana refinery with a non-binding cobalt metal offtake term sheet, while studies across its project portfolio gather pace. The September quarter also left the company with A$2.852 million in cash, equivalent to 2.24 quarters of estimated funding at the reported burn rate.

Stelar Metals is taking its Hill of Leaders tungsten project from spectacular surface assays to its first-ever bedrock drilling, backed by A$2.6 million in fresh funding. The 3,500-metre RC program will test whether high-grade mineralisation continues beneath a 2km-plus corridor in the Northern Territory.

Kaoko Metals has expanded its Chalkos exploration campaign to at least 15,000 metres after maiden drilling confirmed broad, shallow copper-silver mineralisation at Otniel. A $20 million placement leaves the ASX-listed explorer with $22.0 million in cash to fund the next phase, but the discovery remains at an early exploration stage.

Recharge Metals has moved its flagship Sunset Well project from preparation into drilling, while fresh re-assays point to a broader copper-tungsten system at Brandy Hill South. A $4.1 million placement has lifted pro forma cash to $8.6 million, giving the explorer room to pursue both programs.

Vital Metals has extended rare earth and niobium mineralisation beyond Tardiff’s 192.7 million tonne resource envelope, strengthening the case for an updated resource estimate and pre-feasibility study. But the ASX-listed developer ended September with A$2.4 million in cash, equivalent to just 1.87 quarters of funding before higher arbitration costs.

Everlast Minerals has moved from a maiden export to a second China shipment and a much larger trial-commercial cargo planned after quarter end. The progress comes as the company commissions new processing infrastructure, but commercial production remains unestablished and cash stood at A$2.252 million.

Hawsons Iron has confirmed a 69.3% Fe magnetite concentrate in bulk testwork and identified a possible second iron product from the processing waste stream. The gains arrive alongside a $1.23 million capital raise, but quarter-end cash covered only 1.22 quarters of reported outgoings before a later tax incentive receipt.

Ordell Minerals has reported broad, shallow gold intersections at McNabs East, with the results expected to support a maiden Mineral Resource Estimate in the December 2026 quarter. Deeper drilling is also extending mineralisation, while the company advances technical work on a potential Barimaia development opportunity.

High-Tech Metals has entered the December quarter with a 47% increase in the Mt Fisher Mineral Resource, $8.9 million in cash and a Wagtail development study approaching completion. The company now faces the harder test of converting resource growth into a credible production pathway.

Asara Resources has lifted the Kada Gold Project’s Mineral Resource by 125% to 2.08 million ounces, with Indicated Resources now accounting for 1.27 million ounces. The Guinea-focused explorer is directing its next phase towards a Definitive Feasibility Study while continuing resource conversion drilling and expanding its regional ground position.

First Au has spent the September quarter assembling a broader Western Australian gold portfolio, completing Riverina East, advancing First Hit drilling and pursuing a recommended takeover of Javelin Minerals. The expansion comes with $1.4 million in cash, multiple conditional transactions and assay results still pending.