🕒 Thursday 24 September 2026 Thu, 24 Sept 2026

Murray Cod Australia posted a $5.37 million FY2026 loss after the prior year’s $8.56 million profit, despite higher fish biomass and improved fourth-quarter performance. The company ended the year with $4.14 million in cash after raising capital, while operating cash outflow reached $26.57 million and a Westpac interest-cover covenant was breached and waived.

Bindi Metals has converted its Ravni project in Serbia from surface exploration into a drill-tested gold-silver system, but the discovery story arrives alongside a larger loss and an auditor’s going-concern warning. The company ended June with $1.68 million in cash and a pipeline of follow-up drilling still dependent on future funding.

Iris Cairns Property has lodged a formal, unconditional cash offer for the Reef Casino Trust units it does not already own, valuing the maximum transaction at about A$33.1 million. The bid gives remaining unitholders a 29.54% premium to the latest pre-offer closing price, but points towards tighter liquidity, possible delisting and lower future distributions.

Prospect Resources has taken its flagship Mumbezhi Copper Project to 208.1 million tonnes, while lifting ownership to 90% and securing A$45 million for the next phase of work. The project remains pre-production, leaving the upcoming Scoping Study and further drilling to convert geological scale into an economic case.

Moho Resources has expanded its Bush Chook exploration story with new shallow gold systems, but its auditor has warned that ongoing cash outflows and reliance on future funding create material uncertainty over its ability to continue as a going concern. The company held $1.27 million in cash at 30 June 2026 after raising $2 million and selling Silver Swan North.

Lake Resources will issue 67.5 million shares to raise A$3 million for work on its Kachi lithium project in Argentina. The shares are priced at a 4.6% premium to recent trading, although the raise adds another layer of dilution while the project advances toward construction-phase engineering.

Australian Agricultural Projects reported a lower FY2026 profit as it shifted 285 hectares from leasing to direct farming, but the new model generated a $2.36 million net benefit and stronger operating cash flow. Debt fell, equipment improved and management is budgeting for an 800,000 to 870,000 litre harvest next season.

Immuron delivered record FY26 sales, a narrower loss and a much stronger cash balance, while shifting clinical development towards commercial partners. The annual report also flags a material weakness in inventory controls and confirms that IMM-529 remains dependent on a future licensing deal.

VRX Silica has assembled much of the commercial and regulatory case for Arrowsmith North, including 960,000 tonnes per annum of binding offtakes and a reported A$179.2 million project NPV. The harder test now is funding construction while final approvals, logistics contracts and a final investment decision remain outstanding.

Western Mines Group has reported its richest basal nickel intersection yet at Mulga Tank, including 38 metres at 0.71% nickel from more than 1.3 kilometres underground. The exploration progress is substantial, but the company also recorded a larger annual loss, limited year-end cash and a material going-concern uncertainty.

EcoGraf’s preliminary review has identified potential to lift Epanko Stage 1 production from 73,000 to 87,600 tonnes per annum, while reducing first-10-year C1 costs by 5.8%. The higher-output case remains subject to further engineering, financing work and a Final Investment Decision.

Nick Scali delivered a sharp recovery in FY26 earnings, with net profit rising 31.2% to $75.7 million as gross margins widened and the UK loss narrowed. The furniture retailer is entering FY27 with a larger showroom network, a new distribution centre and four further ANZ openings planned.

Leeuwin Metals ended FY2026 with a 342,300-ounce Marda resource, which increased to 378,600 ounces shortly after year end following further Evanston drilling. The gold explorer is now shifting towards permitting and mine planning, although it remains loss-making, has no Ore Reserves and expects to require further funding.

Peninsula Energy expects to book an approximately US$50 million non-cash impairment against legacy assets at its Lance uranium project in Wyoming. The charge removes value from Mine Units 1, 2 and 3 as the company concentrates capital and technical resources on Mine Unit 4 and future development.

KALiNA Power returned to profit in FY2026 after booking A$19.6 million from the sale of a 180 MW Alberta load allocation linked to Meta. The company now has A$12.3 million in cash and four gas-fired power projects targeting about 900 MW, but future progress depends on fresh capital and project approvals.

The Queensland Government has deferred the planned 90-day suspension of The Star Gold Coast’s casino licence until 31 March 2027. The reprieve comes with continued independent oversight and a clear warning that key remediation work remains unfinished.

Legacy Minerals enters FY2027 with a larger Mt Carrington resource, a positive preliminary development study and fresh drilling underway, but the proposed mine still requires substantial funding. The ASX-listed explorer reported a A$1.85 million FY2026 loss and held A$6.07 million in cash at year-end.

Comet Ridge now controls the entire Mahalo Gas Hub after completing its Santos buyout, but the annual report flags a material uncertainty over funding and a potential $28.7 million CleanCo settlement. The company is targeting a final investment decision while remaining pre-production and reliant on further finance.

Paradigm will return the US$2 million drawn from Obsidian earlier this month and cancel the associated convertible notes, without an additional payment. The decision comes as the biotechnology company reviews interim data from its pivotal knee osteoarthritis trial and prepares a separate update on funding and operations.

SKS Technologies delivered a sharp step-up in FY26 earnings, with revenue rising 33% to A$347.9 million and net profit attributable to members increasing 95.3% to A$26.9 million. The company also lifted its fully franked annual dividend to 10 cents per share.

Lachlan Star’s 2026 annual report puts its 90%-owned New Waverley project at the centre of the company’s exploration strategy after drilling outlined shallow, high-grade gold mineralisation across roughly 400 metres. The company ended the year with $6.52 million in cash, but remains loss-making and without a mineral resource or ore reserve.

Podium Minerals says optimisation work has maintained approximately 80% overall 3E recovery while cutting the targeted size of its downstream recovery circuit by about half. The technical gains came alongside a larger annual loss and an explicit reliance on further funding to advance Parks Reef.

Tambourah Metals has reported high-grade exploration results at Beatty Park South and Tambourah King, alongside a stronger cash position and a reduced annual loss. The projects remain at exploration stage, with drilling and resource modelling now carrying the story forward.

PaySauce has moved its Global Payroll Platform from development into commercial operation in Australia, while first-quarter FY27 ARR rose 8% to $9.5 million. The expansion is supported by a stronger cash position, but higher customer acquisition costs and lower profitability leave execution firmly in focus.