Latest Turnaround News

Falcon Metals has confirmed gold mineralisation over 750 metres of strike at its Blue Moon project in Victoria, unveiling a fifth stacked gold-bearing structure and returning multiple high-grade visible gold intercepts.

AdNeo Limited achieved a record positive operating cash flow of $451k in Q4 FY26 and secured significant customer contracts, setting the stage for disciplined growth in FY27.

Tivan Limited has appointed Robert Gerrard as CEO (Australia), elevated Dr Ellin Lede to the Board, and named Brendon Nicol as CTO to sharpen its leadership as it moves towards key project milestones at Speewah and Molyhil.

Kalgoorlie Gold Mining (ASX: KAL) completed a major RC drilling campaign at its Pinjin Gold Project with assays pending, launched a large aircore program at a new LTZ Flexure target, and acquired the Central Yandal Gold Project, expanding its footprint in Western Australia’s prolific gold belts.

Ariadne Australia anticipates a net profit of $2.0 million to $3.0 million for FY26, a sharp turnaround from the previous year's loss, driven by strong contributions from Orams Group and gains in key investments despite currency headwinds.

ECS Botanics delivered a fourth consecutive quarter of positive operating cash flow in Q4 FY26, with a full-year turnaround of $5.9 million. The company’s branded B2C revenue surged 31% year-on-year, supported by product launches and European market expansion.

International Equities Corporation Ltd (ASX:IEQ) posted a modest profit for the June 2026 quarter, reversing prior losses amid a challenging economic backdrop that forced the company to exit its hotel and tourism activities.

Coventry Group’s Q4 FY26 results show a strong operational turnaround with sales up 11.7% quarter-on-quarter and EBITDA almost doubling to $4.1 million, backed by a $10 million cost reduction program and positive cash flow.

Immuron Limited reported a 6% increase in FY26 sales to AUD 7.7 million, driven by strong gains in Canada and the US despite mixed Australian performance. Marketing initiatives and retail expansion underpin growth.

Falcon Metals has pushed its Blue Moon gold mineralisation beyond 600 metres of strike, uncovering a new Jasmine Zone and confirming visible gold in multiple locations. The company also advanced its Pyramid Hill and Errabiddy projects while maintaining a robust A$15.4 million cash position.

Coronado Global Resources has promoted CFO Barrie van der Merwe to CEO, tasking him with steering the coal miner back to profitability and lowering its debt burden.

Aguia Resources has delivered a breakthrough month at its Santa Barbara Gold Project in Colombia, tripling gold production to 851.9 grams from 100 tonnes processed in June while cutting capital and operating costs dramatically.