Latest Tax News

West Cobar Metals is preparing its first dedicated scandium drilling campaign at Salazar, with the programme expanded to include the Benriach prospect. But the company ended September with A$918,000 cash and an estimated 1.72 quarters of funding at the quarter’s reported expenditure rate.

Parkway Corporate delivered record quarterly revenue of $7.71 million and $1.08 million in operating cash flow as its mine dewatering contract expanded to about $2.1 million. The company also advanced its Queensland brine project, although its next test is turning approvals and technology development into funded commercial infrastructure.

Blue Star Helium has recorded its first commercial helium sales from the Pinon Canyon plant in Colorado, delivering five tube trailers during the September quarter. The milestone comes with an extended offtake agreement through March 2027, but production growth still depends on permits, well development and funding.

Sovereign Metals says a low-cost monazite by-product circuit could add US$722 million of pre-tax NPV8 to its Kasiya project in Malawi. The opportunity is commercially striking, but remains a preliminary scoping result requiring further studies, customer qualification, approvals and funding.

Altoro Metals has entered its next exploration phase with A$3.12 million in cash, fresh drilling underway and a planned 2027 resource update. But its annual report records a A$1.45 million loss, an unchanged mineral resource and a material uncertainty over its ability to fund the path from exploration to mine restart.

Miramar Resources has reported a maiden Inferred gold resource of 39,764 ounces at its 80%-owned Gidji JV near Kalgoorlie and secured $1.25 million to fund follow-up work. The resource is shallow and potentially expandable, but remains entirely Inferred and unsupported by metallurgical test work.

Vulcan Energy’s first matrix reinjection well delivered an estimated 64 standard litres per second, above the 40-litre assumption underpinning Lionheart’s development plan. The technical progress came alongside €98.0 million of quarterly investing outflows and a cash balance of €129.4 million ahead of expected project debt drawdown in Q1 2027.

Mantle Minerals is changing the geological model at Carlton Hill, moving away from shallow stratiform targets towards potentially structurally controlled zinc-lead and copper mineralisation. The explorer ended September with A$5.232 million in cash and says its current spending rate represents 31.59 quarters of funding.

Australian Gold and Copper has expanded the high-grade Evergreen discovery in NSW while pushing towards an initial mineral resource estimate. The exploration momentum is substantial, but the company’s reported 1.93-quarter funding runway puts future drilling and financing firmly on the agenda.

Hallenstein Glasson Holdings delivered a sharply stronger FY2026, with sales up 19.6% to NZ$563.0 million and net profit after tax rising 49.9% to NZ$59.2 million. The retailer enters FY2027 with strong early sales momentum, although management warns the opening 18.4% growth rate is unlikely to last.

Lloyds Banking Group delivered a sharp rise in nine-month profit, helped by stronger income, lower remediation costs and improving operating leverage. The UK lender maintained its 2026 targets, while higher impairments and unresolved motor finance litigation remain important caveats.

Sprintex has moved its €25.71 million Mest Water order book into commercial manufacturing after receiving A$1.3 million in customer payments. The progress comes alongside a sharply constrained funding position, with A$166,000 in cash and estimated funding of just 0.17 quarters at September-end.