Latest Shareholders News

Pure Resources has moved its Garnet Hills strategy from concept towards laboratory validation, with heavy rare earths recovered into solution, CNTF fabrics manufactured in-house and garnet meeting key abrasive standards. The milestones remain early-stage, with no quantified rare earth recovery or commercial revenue reported.

Tesoro Gold has moved El Zorro’s Ternera deposit from a defined resource to a 1.28Moz mineable reserve, while a newly committed A$40 million placement addresses a reported 1.61-quarter cash runway. The next stage is less about proving the orebody and more about completing the DFS, permitting the project and converting funding into development progress.

Iron Bear Resources has retained full ownership of its Canadian iron ore project after Vale declined to advance under their development agreement. The company is now leaning on a completed PFS, a 3.3 billion tonne probable reserve and alternative funding partners to move the project forward.

Eastern Gas has completed its Venus-2H horizontal appraisal well with 445 metres of interpreted coal contact, but the result now faces a more immediate test: whether the company can fund flow testing with only A$654,000 in cash. Gas deliverability remains unproven, while a proposed A$10 million R&D-backed facility is yet to be finalised.

Kingsland Minerals ended the September quarter with $752,000 in cash and estimated funding for less than one quarter at current outgoings. Discussions with major shareholder Quinbrook remain non-binding, while the company has paused Leliyn exploration and is considering drilling its gold and uranium projects.

Arcadia Minerals says financing and offtake negotiations for its construction-ready Swanson tantalum project continued to advance as reported tantalum prices reached US$243.50/lb. The company is also preparing drill targets at its TVC polymetallic project, but both development pathways remain dependent on funding and definitive agreements.

Western Mines Group has completed its latest Mulga Tank drilling campaign and reported a 2,647Mt mineral resource containing 7.2Mt of nickel. The exploration milestone is significant, but the company’s reported cash covers less than half a quarter of recent outgoings.

Sheffield Resources says lenders to the Thunderbird mine have extended repayment deferrals and covenant waivers until 18 December 2026. A proposed standstill could push Kimberley Mineral Sands’ debt obligations out to June 2027, but the agreement remains unsigned.

Earth’s Energy has completed its exit from its geothermal joint venture, but has yet to identify a replacement asset capable of supporting a return to the ASX board. The company ended September with A$1.613 million in cash and its securities still suspended.

Zelira Therapeutics has only A$47,000 in cash after a quarterly operating outflow of A$56,000, while the proposed US$32.98 million HOPE 1 fundraising remains unclosed. The company says the funds are needed for an FDA application and Phase 1 trial, as its ASX quotation suspension continues.

TerraNova Metals has assembled six priority targets at its Nielle Gold Project in Côte d’Ivoire and is preparing a 2,500-3,000 metre maiden drilling campaign, backed by a $4.075 million placement. The headline Exploration Target spans up to 1.4 million ounces, but remains conceptual and depends on a permit that has not yet been granted.

Gibb River Diamonds is using a cash balance of A$6.35 million to pursue Western Australian gold acquisitions, while shareholders prepare to vote on a proposed name change. Edjudina drilling delivered a standout 7.80 grams-per-tonne result, but broader grades were below expectations.