Latest Working Capital News

Mount Ridley Mines has used its FY2026 annual report to put scale and processing progress at the centre of its Grass Patch story, including a post-year-end scandium resource upgrade to 946.1 million tonnes. The company remains loss-making and pre-production, but September testwork reported approximately 92% scandium recovery and average heavy rare earth recovery of about 84%.

SOCO Corporation Ltd (ASX:SOC) reported a $6.35 million FY26 statutory loss after writing down its Axsym business, even as second-half revenue, margins and cash flow improved. The company enters FY27 with $9.5 million of contracted project value carried forward and a further $4 million secured since year-end.

Western Gold Resources has expanded the Gold Duke resource and production target, but its annual report carries a material uncertainty over the company’s ability to continue as a going concern. The project still needs a processing pathway, heritage consultation and further funding before production can begin.

Freehill Mining’s Chilean aggregates operation reached record quarterly sales as the company moved deeper into copper-gold development. But the stronger operating performance came alongside a larger loss, negative operating cash flow and a material uncertainty over its ability to continue as a going concern.

EcoGraf’s underwritten share purchase plan raised $3.552 million, well above its $2 million target, after shareholders applied for the full oversubscription. The result gives the company additional funding while leaving the final issue price and dilution to be confirmed.

Askari Metals cut its annual loss by half, but the improvement came alongside continued cash burn, heavy equity issuance and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company is now relying on further funding while it prepares exploration programs in Ethiopia and Namibia.

Cobre Limited (ASX:CBE) says its Sierra Atacama turnaround delivered a first cash-positive quarter, higher recovery and 879 tonnes of copper cathode production. The company remains loss-making at group level, but enters FY27 with more cash, a larger project stake and an ambitious drilling and expansion programme.

Victor Group Holdings has swung from a $1.43 million profit to a $3.93 million half-year loss after fully impairing its iRich Finance investment. Revenue rose sharply, but operating cash flow remained negative and auditors identified a material uncertainty over the company’s ability to continue as a going concern.

Killi Resources has emerged from FY2026 with $14.68 million in cash and a far larger strategic ambition, centred on its proposed 80% acquisition of the Lodestone Iron Ore Project. The company remains loss-making and the transaction was still conditional at year-end, but a 20,000-metre drilling campaign is now targeting rapid resource growth.

Raptor Metals completed its transformation into a Canadian copper and polymetallic explorer in FY2026, backed by drilling success at Chester and new Bathurst Mining Camp acquisitions. But the company’s $3.28 million loss, $3.97 million operating cash outflow and auditor-flagged funding uncertainty leave the next capital raise as a central investor question.

XPON Technologies has completed the sale of Datisan to Incubeta Australia, securing $8.1 million in cash and potential additional earn-out consideration of up to A$2 million. The transaction leaves XPON focused on its Wondaris AI Marketing Platform and AI-sector acquisitions.

Avira Resources has expanded its Mt Cattlin drilling story with encouraging high-grade results, but the explorer’s annual report carries a material uncertainty over its ability to continue without further capital. The company ended FY2026 with $1.45 million in cash against a $986,980 loss and $1.21 million in operating and investing outflows.