Latest Quarterly Activity Report News

WIN Metals has strengthened the funding position for its proposed Radio gold restart, while retaining a project that still requires approvals, further financing and a final investment decision. The preliminary study forecasts A$18.1 million of pre-tax NPV8 and 20.2koz of recovered gold, but the company ended September with only A$1.16 million in cash before the post-quarter Astral receipt.

Moab Minerals has secured four additional prospecting licences around its Manyoni uranium project in Tanzania, but ended September with just A$21,000 in cash. Planned testwork and 2027 drilling now depend on a conditional A$350,000 loan, further fundraising and creditor support.

Austral Gold lifted third-quarter production by 50% and moved into a US$2.5 million net cash position, but operational problems at Guanaco have forced a substantial reduction in full-year output guidance. Casposo is ramping up, although its cost outlook has also worsened.

Black Canyon has put a 36.1Mt manganese and iron resource behind its Wandanya development push, supported by promising beneficiation testwork and a 3.4km mineralised base case. The next test is whether the December Scoping Study can turn those geological results into a credible project case.

Barton Gold has delivered more high-grade Tunkillia drilling, cleared an environmental approvals milestone and advanced feasibility work across its South Australian portfolio. The trade-off is a quarterly cash outflow of A$8.5 million, leaving 2.73 quarters of funding on the Appendix 5B calculation.

Almasar Minerals ended its first post-listing quarter with A$10.24 million in cash and a pipeline of geophysical surveys and auger drilling across its Saudi Arabian licences. The company has yet to report new exploration results, leaving execution and target quality as the next tests for the newly listed explorer.

Patronus Resources has reported gold mineralisation below the existing Tally Ho resource, shallow results at Davies No. 2 and a broad intercept at Hydra. The ASX-listed explorer ended September with $72.029 million in cash and liquid investments, giving it room to keep drilling while assays remain outstanding.

Latitude 66 ended September with A$4.647 million in cash after asset disposals supplied most of the quarter’s funding, while exploration spending and KSB development work move into a more active phase. The company now has a 2,500-metre Finnish drilling program underway, but no financing facilities available.

New Frontier Minerals has strengthened its exploration case at Mt Storm, where surface samples returned up to 6.88% copper, while advancing targets at Eldorado and Harts Range. The sharper investor question is funding: the company ended September with 1.9 quarters of estimated cash coverage and is monitoring options to raise capital.

Elevra Lithium delivered record mining volumes and US$74 million in North American Lithium revenue during the September quarter, while unit costs fell and cash increased to US$319 million. The company has now moved its NAL expansion into execution, but six recordable injuries and unsettled shipment pricing add important caveats to an otherwise strong operational update.

Mustera Property Group has completed piling and erected the tower crane at its 42-apartment Verse on McCabe project, while the final Forbes Residences commercial lot has moved to an unconditional $2.4 million sale. The quarter also brought a $3.451 million operating cash outflow and $71.16 million in unused financing facilities.

Unity Metals has identified a broad, open stockwork gold zone at its O’Phlay project in Cambodia, with drilling returning intersections of up to 70.4 metres at 1.1 grams per tonne. The explorer has now started a 3,000-metre follow-up program, backed by a $3.5 million placement and $3.399 million in cash.