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North Stawell Minerals has extended its Darlington gold system and sharpened its exploration focus, but the annual report carries a material uncertainty over the company’s ability to continue as a going concern. Cash fell to $701,960 as the explorer’s annual loss widened to $1.24 million.

Ark Mines has sharply expanded the reported Sandy Mitchell resource to 379.4Mt, with 97% now classified as Measured and Indicated. Early ANSTO testwork also returned up to 99.6% light rare earth extraction, although the project still faces funding, metallurgical and development hurdles.

Verity Resources has identified gold mineralisation across a 9km corridor at Monument and outlined a new intrusion-related target at Gum Well. The exploration progress comes with only $471,000 in cash, or an estimated 0.82 quarters of funding, leaving further work dependent on lower spending and potential capital raising.

Desert Metals has agreed to sell its 80% stake in Tengrela South to Waraba Gold for up to A$5 million, giving the cash-poor explorer a potential non-dilutive funding bridge. The company will redirect its focus to drilling the undrilled Nyan gold corridor and exploring new Agboville permits in Côte d’Ivoire.

Fulcrum Lithium has delivered a 10.7 million tonne lithium carbonate equivalent resource at Alkali Flats, while advancing acid-free extraction tests and securing approval to drill Dry Canyon. The progress comes with only A$875,000 in cash and no stated plan to raise more funds.

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.

Aruma Resources has extended the high-grade Tillex copper-silver zone to about 230 metres, with Phase-2 drilling returning several broad, near-surface intersections in Ontario. The explorer has also expanded the project’s interpreted trend to 3.2 kilometres and secured $3.5 million to keep drilling, although quarter-end cash stood at just A$214,690 before most placement proceeds arrived.

Jade Gas has progressed a proposed consortium-backed development for its Mongolian coal bed methane project, with 100% of Phase 1 capital expenditure potentially funded by a Chinese-led group. The opportunity is substantial, but the agreement remains non-binding and binding documents are now targeted for November.

Korvest expects its first-half FY27 trading result to come in significantly above the prior corresponding period and ahead of the stronger second half of FY26. The outlook follows record FY26 revenue, a growing order book and major investment in manufacturing capacity.

Middle Island Resources has connected three mineralised zones at its Bobija project in Serbia into an 80,000-square-metre shallow polymetallic system, while confirming sizeable copper and gold targets elsewhere in its portfolio. The explorer is also shedding its Northern Territory licences to reduce annual commitments by about $400,000, but reported only $1.694 million in quarter-end cash.

3D Energi says ConocoPhillips’ proposed buy-out of its 20% VIC/P79 stake relies on a valuation it considers materially too low. While the dispute develops, the company is advancing seismic work in Tasmania and seeking funding or partners for a major Western Australian survey.

Arrow Minerals is rapidly expanding its Pilbara footprint, with 13 new exploration applications covering about 979 square kilometres and a post-quarter-end deal for the Turee Creek project. The company also resumed work at its Niagara bauxite project in Guinea, but entered the next phase with $2.02 million in cash and an estimated 2.3 quarters of funding at its reported operating cash-use rate.