Latest Quarterly Activity Report News

ADX Energy lifted average net production 23% to 242 barrels of oil equivalent per day in the September quarter, although cash revenue was broadly flat at A$3.13 million. The company is now preparing for deeper HOCH-1 gas testing, GOLD-1 drilling and further Vienna Basin workovers.

Maritana Minerals has moved the Black Swan Processing Hub into active construction after securing all statutory process-plant approvals. The gold developer ended September with A$214.5 million in cash, a larger resource base and first gold still targeted for the second half of 2027.

6K Additive delivered 61% year-on-year revenue growth in the September quarter as its order backlog jumped 52% to US$18.1 million. The company is pairing that demand with a funded manufacturing expansion, but the next test is converting commitments into production and cash.

Valiant Gold has moved its Comet mine restart from re-entry into a construction and commissioning phase, with power, ventilation and dewatering systems advancing ahead of a H2 FY27 production target. The company ended the September quarter with $62.5 million in cash and term deposits while drilling at Reedy continued to test resource growth.

Galileo Mining has expanded its near-term exploration pipeline at Norseman, with mineralised outcrop north of Callisto, two kilometre-scale PGM target zones at Mission Sill and a new gold prospect. The company ended September with approximately A$6.9 million in cash, funding aircore and RC programs already under way or scheduled.

Ramelius Resources has kept its FY27 production and cost targets intact despite wet-weather disruption at Penny, while advancing the infrastructure needed for a much larger Western Australian gold operation. The company ended September with A$768 million in cash and gold and secured an EPC contractor for its planned 3Mtpa Mt Magnet expansion.

Greatland Resources has formally started construction at Havieron after a strong opening quarter for FY27, producing 70,131 ounces of gold at an AISC of A$2,925 per ounce. The company ended September with A$1.314 billion in cash and no drawn debt while maintaining full-year production guidance.

Canadian Phosphate has completed 18 Wapiti drill holes and visually traced its phosphate Main Zone across approximately 9km, although laboratory assays are still pending. The company has also completed its Utah acquisition, reported stronger rock phosphate orders and ended September with $3.144 million in cash.

Parabellum Resources has reported an initial 4.8 million tonne nickel-cobalt resource at its Redlands Project in New South Wales. The exploration-stage milestone comes with recommendations for more drilling and technical work, while the company held $689,000 in cash at quarter-end.

Bass Oil’s September-quarter production rose 21% to 23,944 barrels after Bunian 6 came online, while sales revenue reached A$2.82 million. Cash fell to A$2.07 million as drilling and development spending continued, leaving the company with an estimated two quarters of funding under its Appendix 5B calculation.

Orpheus Uranium has begun maiden drilling at its Frome Project while expanding its Marree landholding and raising $4.25 million to fund exploration. The quarter ended with $7.45 million in cash and liquid investments, but the company is still awaiting results and several transaction milestones.

Black Cat Syndicate maintained its FY27 production and cost guidance despite a capital-heavy quarter that pushed cash and liquid investments down by A$27.7 million. Paulsens remained steady, while Kal East’s ramp-up and a new A$30 million cash improvement program now dominate the execution story.