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Korvest expects its first-half FY27 trading result to come in significantly above the prior corresponding period and ahead of the stronger second half of FY26. The outlook follows record FY26 revenue, a growing order book and major investment in manufacturing capacity.

Arrow Minerals is rapidly expanding its Pilbara footprint, with 13 new exploration applications covering about 979 square kilometres and a post-quarter-end deal for the Turee Creek project. The company also resumed work at its Niagara bauxite project in Guinea, but entered the next phase with $2.02 million in cash and an estimated 2.3 quarters of funding at its reported operating cash-use rate.

Comet Ridge has completed its Santos buyout, giving it full ownership and operatorship of the 677 PJ Mahalo Gas Hub resource base. The prize is greater control over a staged gas project, but $11.4 million of cash and incomplete funding arrangements leave a narrow runway ahead of a targeted mid-2027 investment decision.

OzAurum Resources has strengthened the technical case for a low-capex heap leach operation at Mulgabbie North, with column testing delivering up to 95% gold recovery. But the project’s next phase is now tied to a capital raise after cash fell to A$542,000, equivalent to just 0.8 quarters of estimated 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.

Civmec has started FY27 with a sharp rise in activity, lifting quarterly revenue about 70% to A$324 million and NPAT about 75% to A$18.4 million. Its order book stands at approximately A$1.4 billion as major resources, infrastructure and defence projects ramp up.

Bulletin Resources has expanded gold targets at Lake Rebecca, with soil sampling and geophysics defining new anomalies ahead of possible first-pass RC drilling. The explorer ended September with $11.63 million in cash and listed investments, although its stake in troubled Matsa Resources adds a separate layer of uncertainty.

Beonic has launched its in-house Vision platform across four countries while delivering a profitable first quarter, with EBITDA of A$853,000 and an 83.0% gross margin. The stronger operating result came alongside weaker total revenue, negative operating cash flow and only 1.7 quarters of estimated funding.

Mt Malcolm Mines has reported a strong exploration quarter at Golden Crown, where 24 RC holes produced high-grade shallow gold and extended the interpreted mineralised corridor westward. The next phase brings a sharper funding question, with just $215,000 in cash against an estimated 0.82 quarters of available funding.

Kalgoorlie Gold Mining has reported its strongest Lighthorse drilling results to date, including assays of 19.70 g/t and 16.50 g/t gold, while extending mineralisation beyond the existing Pinjin resource. The September quarter also brought a A$3.4 million capital raising, new exploration targets and a clearer funding runway for follow-up work.

Marquee Resources advanced gold, lithium and antimony exploration during the September quarter, but ended with A$941,468 in cash and an estimated 1.85 quarters of funding. Yindi drilling stopped early in difficult ground, while West Spargoville produced encouraging surface results that now require follow-up work.

Freehill Mining Limited (ASX: FHS) halved its operating cash outflow to A$189,000 in the September quarter as record monthly sales in September helped offset weather disruption. The company is also moving towards November permitting for its Blanco y Negro copper-gold project, while seeking up to A$607,000 through an entitlement offer.