Latest Square News

Cazaly Resources has secured a 51% stake in the Goongarrie Gold Project a year ahead of schedule, while early Hastings drilling extended anomalous gold mineralisation along the Bardoc Tectonic Zone. The explorer is now testing another historical target at Gulls Blow as a new managing director begins a review of the wider portfolio.

First Au has spent the September quarter assembling a broader Western Australian gold portfolio, completing Riverina East, advancing First Hit drilling and pursuing a recommended takeover of Javelin Minerals. The expansion comes with $1.4 million in cash, multiple conditional transactions and assay results still pending.

Bubalus Resources has secured firm commitments for a $3.0 million placement to fund the proposed Skyline Copper-Gold Project acquisition, initial exploration and working capital. The transaction remains conditional, with a substantial portion of the placement and the acquisition still requiring shareholder approval.

Pilbara Gold’s latest drilling has extended broad gold mineralisation as much as 200 metres below parts of its 2.1Moz Mt York resource, strengthening the case for an updated estimate ahead of a prefeasibility study. Roe Hills has also produced wide, high-grade hits, but both growth stories still depend on further drilling, assays and resource modelling.

Equatorial Resources is awaiting a final ICSID ruling on its Congo iron ore dispute, with a decision indicatively possible in the first half of 2027. The company also remains unable to confirm the status of its Guinea permits, while holding A$6.8 million in cash.

Frasers Group has declared its A$0.65 per share cash offer for Accent Group best and final, removing the prospect of a higher bid from Frasers before the takeover closes. Accent shareholders now have until 29 January 2027 to decide whether immediate cash certainty outweighs the company’s standalone growth plans.

Agrimin is preparing a maiden drilling program at Mount Squires for 2027, but ended September with A$678,000 in cash and an estimated 1.33 quarters of funding. The company says further capital raising initiatives will be pursued when appropriate as Mackay Potash rehabilitation continues.

Deep Yellow has pushed back its targeted fourth-quarter Final Investment Decision for the Tumas uranium project, citing unfavourable equity market conditions. The delay comes as engineering reaches 85%, construction works begin and cash falls to A$144.7 million.

Axiant Resources has completed geophysical work that identified new, untested targets beneath and beside historical drilling at its Shoobridge Gold Project. The newly listed explorer held $6.1 million in cash at quarter-end and is preparing to begin its maiden drilling campaign.

E79 Gold is preparing to start more than 12,000 metres of drilling at its Cue Gold Project in November, subject to final heritage clearance. The explorer ended September with $1.946 million in cash as it moves from target generation to field testing.

Many Peaks Minerals has extended the tested depth of its Ouarigue gold system beyond 900 metres, with a post-quarter hole returning 188.9 metres at 3.58g/t gold. The results will feed an updated resource estimate and a combined open-pit and underground assessment, while the company’s A$20.1 million cash balance supports the next phase of work.

Elixir Energy has reported encouraging early flow results from its Lorelle-3H appraisal well while securing a $205 million strategic farmout with Beach Energy. The deal offers a four-year funding pathway, but the well’s post-soak performance and transaction completion remain important next tests.