Latest Tax News

Impact Minerals is shifting decisively towards Lake Hope’s high-purity alumina project after raising A$2.21 million and changing its leadership structure. The company now has A$2.61 million in cash, but still faces the more difficult task of funding pilot work, feasibility studies and eventual project development.

Rand Mining will pay a fully franked 10 cents per share dividend after operating cash flow swung to a A$2.339 million inflow in the September quarter. Gold production reached 2,908 ounces attributable to Rand, although group gold mined fell 11% from the previous quarter.

Lithium Plus Minerals has outlined a preliminary A$325 million post-tax NPV for its Lei lithium project, alongside a six-year production target and a 34% resource increase. But the ASX explorer ended September with A$1.054 million cash, estimated funding of just 0.78 quarters and plans for an additional equity raising.

Hastings Technology Metals has completed its 49% Thai processing plant acquisition and is targeting first mixed rare earth chloride production in the June 2027 quarter. But the company ended September with A$1.85 million in cash, leaving funding the immediate test for both its downstream strategy and Yangibana development.

WA Gold has reported high-grade intercepts from Abercromby, including a narrow peak of 35.21 grams per tonne gold, while launching a 7,200-metre RC campaign aimed at upgrading the project’s resource. Bullabulling has also produced a larger pipeline of exploration targets, but the company had $2.5 million in cash at quarter-end and reported 3.47 quarters of funding at its latest spending rate.

CONNEQT Health ended the September quarter with just A$501,000 in cash after a A$3.06 million operating outflow, equivalent to 0.16 quarters of funding at the reported burn rate. The company is pursuing R&D-backed debt, inventory finance and an equity raising as Pulse sales recover from an inventory disruption.

DGR Global ended September with A$54.4 million in cash after investing almost A$5 million in Sunstone Metals, while unpaid Savannah royalties and an Armour Energy appeal add uncertainty. The explorer is redirecting its post-SolGold balance sheet towards copper-gold projects in Queensland and Ecuador.

Proteomics International has begun the national rollout of its Promarker D and Promarker Eso blood tests through Healius, while a A$2 million tax incentive receipt has lifted pro forma cash to A$3.8 million. Promarker Endo also cleared an independent Oxford validation hurdle, but its commercial launch remains conditional.

Alligator Energy has extended uranium mineralisation south of its Blackbush resource at Samphire while field recovery results feed into the project feasibility study. A $17.1 million capital raising and other receipts lifted quarter-end cash to $25.4 million.

Strategic Elements has moved its EdgeiQ platform closer to commercial mining pilots while Energy Ink progresses towards a system-level demonstration. The ASX-listed venture developer ended September with $3.918 million in cash and an estimated 4.32 quarters of funding at the quarter’s spending rate.

RocketBoots has begun installing its global retail contract in US stores and received its first payment, but quarterly operating cash outflows of A$1.75 million left the company with an estimated 1.03 quarters of funding. Management is relying on incoming customer receipts, an R&D tax refund and a new A$5 million invoice financing facility to support the rollout.

Rivco Australia has reported a 1.2% quarterly decline in pre-tax NAV as softer water entitlement values offset the benefits of a more heavily leased portfolio. The company is shifting dividends towards operating earnings, while continuing its buyback at a substantial discount to NAV.