Latest Tax News

Legacy Minerals has lifted its Mt Carrington resource by 39% to 47.9 million tonnes, giving it scope to test a larger processing operation. The opportunity arrives alongside a tighter funding picture, with $3.5 million in cash and estimated funding of 1.75 quarters at current outgoings.

Private Land & Property Fund has agreed terms to release Booster Wine Group from its Hawke’s Bay vineyard leases, with consideration assessed to lift net asset value by 0.6%. The three vineyards and winery are now being marketed for sale, although the restructuring remains conditional and much of the consideration is deferred.

Epiminder has enrolled its 100th patient in the DETECT US epilepsy study ahead of schedule, while maintaining A$65.1 million in cash and no borrowings. The company says those reserves can fund clinical development and commercialisation work well into 2028.

Livium delivered its strongest lithium-ion battery collection quarter on record for FY26, lifting first-quarter revenue to A$1.84 million and gross profit to A$0.95 million. But operating cash flow remained negative at A$1.01 million, leaving the recycler with about 3.2 quarters of funding at the September quarter-end rate.

Imugene reported an 86% overall response rate in its BTK inhibitor combination cohort, but ended September with only 0.70 quarters of estimated funding at the reported cash burn. The biotechnology company is assessing further capital sources while navigating a leadership transition and convertible note obligations.

Otto Energy ended the September quarter with US$25.6 million in cash and no debt, despite weaker commodity prices cutting revenue by 8%. Oil output rose, but the company’s next moves now hinge on shareholder approval of a proposed A$20 million capital return and separate strategies for its Gulf assets.

Ore Resources closed September with a 153,200-ounce Coolgardie gold resource, expanding exploration ground and a preliminary lithium development case at Kangaroo Hills. The opportunity is growing, but A$3.81 million of cash represented only 1.4 quarters of funding at the latest spending rate.

Victory Metals has put a A$1.21 billion post-tax PFS value on North Stanmore, secured its mining lease and begun product qualification with potential offtake partners. The project remains pre-production, with DFS work, approvals, financing and metallurgical validation still ahead.

Wide Open Agriculture has completed the major physical steps in exiting its German manufacturing facility and is now testing four prospective Asian production partners. The transition could lower fixed costs, but commercial supply still depends on technical trials, partner selection and a definitive agreement.

Critica has put a combined after-tax NPV of about A$3.0 billion across its Mt Lindsay and Jupiter projects, but ended September with just A$3.3 million in cash. Both developments remain at scoping-study stage and require substantial funding that has not yet been secured.

Red Metal is advancing a pre-feasibility study for a potential 20 Mtpa heap leach operation at Sybella, backed by encouraging Fresh Granite test work and a 5,000 metre drilling program. The company ended September with A$3.031 million in cash, equivalent to an estimated 1.9 quarters of funding at the current operating cash rate.

HITIQ has expanded its military research ambitions and added fresh funding during the September quarter, but the company ended the period with $658,242 in cash and estimated funding for only one quarter. Its US collaboration remains non-binding, leaving financing and commercial execution as the immediate tests.