Latest Shareholders News

Environmental Clean Technologies has produced its first MXene on a US Flash Joule Heating reactor, marking a technical step in its defence materials strategy. The harder work now is proving repeatability, performance and customer qualification while building a separate PFAS pilot.

NGX Limited (ASX: NGX) is moving from a small exploration footprint to a district-scale Namibian gold and copper portfolio, backed by a post-quarter-end A$3.6 million placement. Early Malawi drilling also returned shallow rutile intersections, but the expanded program arrives with only A$1.188 million in cash at quarter end.

Tribune Resources generated $8.0 million of operating cash in the September quarter, lifted its cash balance to $11.8 million and declared a fully franked 20 cents per share dividend. The result came despite an 11% quarter-on-quarter fall in group gold mined as lower grades weighed on output.

Gwardar Resources has begun trading on the ASX after an oversubscribed $6 million IPO, leaving the explorer with a reported $5.63 million cash position at quarter-end. Its first exploration quarter produced no drilling results, but advanced target generation across two Western Australian projects.

Northern Minerals has advanced Browns Range through feasibility, engineering and exploration, but its flagship rare earths project remains stalled at the funding gate. The company missed its 30 September FID target, flagged material uncertainty over its ability to continue as a going concern and warned that Iluka may be able to terminate the project’s supply agreement.

Heavy Minerals has delivered a maiden Ore Reserve and a A$322.8 million post-tax NPV for Port Gregory, while Kanmantoo engineering advances toward a Final Investment Decision. The projects now have more defined technical foundations, but the company’s cash position and non-binding funding discussions leave execution as the central question.

Kalamazoo Resources has reported a strong quarter at Ashburton, where high-grade Mt Olympus drilling is feeding an updated resource and pre-feasibility study. The company also secured A$18 million in placements, although its September cash balance was just A$670,000 before the post-quarter raise.

Ardea Resources and its Japanese consortium partners will add an approximately nine-month Pre-FEED phase before finalising the Goongarrie Hub feasibility study and moving to FEED. The decision resets the previously advised DFS timing and funding arrangements while opening new work on cost reduction, scandium and gold.

Critical Resources has expanded its Suriname gold strategy to three projects covering about 228 km² under exclusivity, while advancing exploration in New Zealand and Canada and laboratory-stage battery technology. The company ended September with A$1.58 million in cash and an estimated 1.87 quarters of funding based on reported outgoings.

AusQuest’s Cangallo discovery in Peru continues to grow, with broad copper intersections and geophysics outlining a porphyry system at least 2.5km by 1km. The exploration momentum comes alongside a sharp cash warning, with $2.1 million on hand representing only 0.41 quarters of funding at the reported spending rate.

Altoro Metals has entered its next exploration phase with A$3.12 million in cash, fresh drilling underway and a planned 2027 resource update. But its annual report records a A$1.45 million loss, an unchanged mineral resource and a material uncertainty over its ability to fund the path from exploration to mine restart.

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.