Latest Turnaround News

Aquirian Limited reported a near tripling of EBITDA to $4.6 million in FY26, driven by a $48 million contract win for its Drillforce subsidiary and expanded production capacity at its Wubin facility.

Cobre Limited has secured A$90 million through a two-tranche placement to boost production and exploration at its Sierra Atacama copper mine while strengthening its balance sheet.

CZR Resources has reported promising assay results from its 2026 drilling and sampling campaigns across its Pilbara projects, highlighting significant copper-gold mineralisation at Croydon and strong iron ore potential at Yarraloola.

iTech Minerals reports standout soil sampling results at Reynolds Range, confirming field-portable XRF as a reliable exploration tool and uncovering a new gold-antimony zone at Falchion. Drilling results are imminent.

Cobre Limited’s Chilean subsidiary has increased its stake in the Sierra Atacama Copper Project from 45% to over 54% through a $12 million capital raise, with a clear path to majority control by year-end.

Zoono Group has reported a 94% jump in quarterly cash receipts to NZ$975K, turning cash flow positive amid expanding commercial rollouts of its shelf-life extension technology across multiple continents.

Promisia Healthcare’s aged care occupancy climbed to a record 96% in June 2026, underpinning its FY27 earnings growth guidance. Aldwins House led the turnaround, while solar initiatives and wellness programs roll out across sites.

Spenda Limited has completed the retail tranche of its $8.545 million entitlement offer, raising $1.15 million at $0.004 per share, with major shareholder Capricorn Society increasing its holding to nearly 20%.

Cobre Limited has achieved a swift operational turnaround at its Sierra Atacama copper mine, generating positive operating cash flow within two months of assuming control. The company targets a significant production ramp-up supported by capital investments and ongoing optimisation.

Patagonia Lithium has reached 38 metres in drilling Well 8 at its Cilon project in Argentina, with encouraging early core porosity and community approvals progressing.

Spenda Limited's SPXOB securities have been suspended from trading by the ASX due to non-compliance with listing requirements. The suspension affects only this security class, leaving other Spenda securities unaffected.

Lion Rock Minerals (ASX: LRM) has expanded its high-grade rutile footprint at the Minta Project in Cameroon, revealing a 130km² residual rutile corridor with peak rutile grades up to 72.7% heavy mineral and natural rutile nuggets exceeding 98% TiO2 purity.