Latest Working Capital News

Infinity Mining Limited reported a net cash outflow of A$143,000 for the September quarter, with cash reserves dwindling to A$30,000. The company is pursuing cost-saving measures and an imminent capital raising to secure its short-term future.

Australian Oil Company Limited reports stronger gas production in California’s Sacramento Basin and an $800,000 capital raise to advance new ventures and operational upgrades.

DGR Global Limited’s Q3 2025 report reveals ongoing project development, strategic equity holdings, and complex legal proceedings shaping its resource company creation model.

Pure Foods Tasmania reported a $1 million operating cash outflow in the September quarter due to restructuring and timing factors but anticipates positive cash flow and growth driven by new Coles product launches and operational efficiencies.

Enova Mining confirms robust rare earth and titanium mineralisation across its Brazilian projects, advancing towards maiden drilling at East Salinas backed by a $0.85 million capital raise.

Pioneer Lithium has sharpened its focus on North American critical minerals, advancing uranium, antimony, and tungsten projects while securing $750,000 in fresh capital to fund exploration and working capital.

Oldfields Holdings navigated a challenging first quarter of FY2026 with tight cash flow and subdued sales but made strategic moves to streamline operations and bolster scaffold order backlogs for growth.

State Gas Limited is on the cusp of securing its first 2P Reserve certification for the Rolleston West Project, while progressing its innovative High Density Natural Gas technology despite financial and operational hurdles.

New Age Exploration advances its Pilbara and New Zealand gold projects with promising geological results and secures $3.75 million to fund further exploration.

Askari Metals has secured a major foothold in Ethiopia’s Arabian-Nubian Shield through the acquisition of the Nejo Gold and Copper Project, setting the stage for a high-impact exploration campaign supported by a new capital raise.

Diablo Resources reported a modest operating cash outflow and significant exploration spending in the September quarter, offset by a recent $2 million capital raise to support ongoing activities.

Conico Ltd has launched a $2.1 million entitlement offer to fund exploration at its Mt Thirsty Joint Venture and progress projects in Greenland, while aiming to clear its debt through shareholder-approved loan conversions.