Latest Suspensions News

Aguia Resources says operations at its Três Estradas phosphate project can continue despite a Brazilian appellate court majority finding its environmental licence invalid. The quarterly report also showed record Santa Barbara gold production, but only A$499,000 in cash and a non-binding US$3 million funding proposal.

Fatfish reported A$1.041 million in cash after selling Fatberry Thailand, but its delayed Q3 CY2025 update leaves the company suspended and unable to quantify the potential impact of alleged improper conduct. Operating cash outflows reached A$0.252 million during the quarter ended 30 September 2025.

MC Mining advanced its Makhado hard coking coal project through hot commissioning, but ended September with only US$170,000 of cash and facilities before temporarily suspending all operations. The company is relying on shareholder funding to restart and complete the project ramp-up.

NeuRizer has begun decommissioning plant at Leigh Creek for transport to Reliance Industries’ Indian underground coal gasification projects, while its cash position remains tight and its ASX suspension continues. The company ended September with $1.305 million in cash and estimated 1.4 quarters of funding on current outflows.

ChemX Materials has drawn a further $167,000 under its unsecured Ovay loan while pursuing a recapitalisation that could support a return to ASX trading. The company reported no cash on hand at quarter-end and remains suspended after almost two years.

Canyon Resources has withdrawn its target for a first bauxite shipment in Q4 2026 after AFG Bank suspended further drawdowns on its Cameroon project facility. Rail and road infrastructure advanced, but port dredging, transhipping and a broader funding review now stand between the project and operations.

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.

Carnaby Resources’ acquisition by Evolution Mining has become legally effective after court approval orders were lodged with ASIC. Trading suspension is expected from the close of 30 October, with implementation and ASX delisting scheduled for November.

Dome Gold Mines has reached a regulatory milestone at its Sigatoka heavy mineral sands project, but remains suspended from trading with no cash on hand and its annual audit unfinished. The company is seeking up to A$3 million through convertible notes while it negotiates funding for valuation work and working capital.

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.

American Tungsten & Antimony has completed its Nexus acquisition and secured ownership of the Del Sol hydrometallurgical refinery in Nevada, moving its US antimony strategy from transaction to execution. The Arizona White Spar acquisition remains conditional, while the completion consideration includes more than one billion shares and substantial performance rights.