Latest Renewables News

ASF Group finished FY2026 with A$5.19 million in cash, no outstanding borrowings and a materially stronger net asset position after selling several investments. But the A$4.09 million profit was still largely disposal-led, while operating cash flow remained negative and recurring revenue declined.

Pacific Resources has reported encouraging high-grade results from Snowstorm and Dogwood, including 17.15 g/t gold and 1.10% copper. The exploration progress comes with a sharp funding constraint: cash fell to A$63,000 and the company is seeking further capital after taking a A$100,000 short-term loan from its chairman.

Singular Health has moved closer to a proposed A$3.5 million Florida Medicaid imaging repository while deploying 1,000 physician licences through its largest customer network. The September quarter also exposed the execution risks ahead, with the Florida MOU still subject to definitive agreements and the PNS contract due for renewal by year-end.

Swoop ended Q1 FY27 with $5.9 million in cash after a $2.0 million operating outflow, but is progressing two conditional fibre asset sales worth about $15.5 million. The TPG mobile migration also produced less customer churn than expected, giving the challenger telco some operational momentum as it works to reduce debt.

Bounty Oil & Gas is pursuing a 2,322 km² deepwater block offshore Liberia, but the asset remains unlicensed and requires parliamentary approval before a production sharing contract can be executed. The proposed acquisition brings major exploration potential alongside substantial dilution, contingent payments and a fresh $3.5 million capital raise.

Saunders International says it expects revenue growth and sustained second-half margin improvement in FY27 after reporting record FY26 revenue of A$305.6 million. Its opportunity pipeline reached A$5.1 billion, although converting that pipeline into profitable work remains the central test.

NGX Limited (ASX:NGX) has secured rights to earn up to 85% in a large group of Namibian gold and copper exploration licences while raising A$3.6 million to fund the work. The transaction brings substantial exploration scale, but several licence transfers, renewals and environmental approvals remain outstanding.

Resonance Health has secured an oversubscribed $6.0 million placement to fund MRI endpoint expansion, new TrialsWest sites and development of its non-invasive liver fibrosis device. The raise lifts pro forma net cash to $7.9 million, but the most consequential project remains an investigational technology backed by a small preliminary dataset.

Chalice Mining is preparing to run an eight-week full-flowsheet pilot plant at Gonneville as it advances feasibility work, environmental approvals and formal copper and nickel offtake talks. The company ended September with A$53 million in cash and listed investments, but major project funding remains unresolved.

Universal Store has opened FY27 with 9.3% growth in direct-to-customer sales, led by a sharp lift from Perfect Stranger. The retailer is maintaining its plan for 16 to 20 new stores despite continued weakness in CTC’s wholesale channel.

IDP Education has reaffirmed FY27 Adjusted EBIT guidance of A$95 million to A$115 million after using cost control, stronger yields and cash generation to cushion another sharp fall in international student volumes. The AGM also disclosed that the board had rejected an unsolicited acquisition proposal and had completed about A$11 million of a planned A$50 million buyback.

Locksley Resources is redirecting its exploration effort towards a district-scale copper-gold strategy in New South Wales, backed by A$13.383 million in cash. The company has also abandoned further investment in its Rice University antimony technology after concluding the commercial case was too uncertain.