🕒 Friday 25 September 2026 Fri, 25 Sept 2026

Lord Resources has extended copper mineralisation across multiple lodes at Ilgarari, but its FY2026 annual report carries a material uncertainty over whether the explorer can continue as a going concern. The company ended the year with $554,820 in cash after a $2.54 million loss and $1.87 million of operating cash outflows.

Australian Vanadium reported progress across its mine, electrolyte and battery businesses, but auditors highlighted material uncertainty over the company’s ability to continue as a going concern. The group held $17.9 million in cash at 30 June, yet expects to need additional funding within 12 months.

First Graphene expanded its product range and international footprint in FY2026, lifting revenue while narrowing its annual loss. But the company says continued operations depend on securing further equity funding, putting commercial execution and liquidity at the centre of its next phase.

Magmatic Resources has used FY2026 to turn the newly acquired Weebo Gold Project into its main exploration engine, while Fortescue-funded drilling continued to test copper-gold targets at Myall. The company ended the year with $5.54 million in cash, but a larger annual loss and continued exploration spending keep execution and funding firmly in focus.

Group 6 Metals has reported a sharp FY2026 turnaround, backed by stronger tungsten sales, improved plant performance and A$55.7 million in operating cash flow. The result also carries substantial accounting benefits, while the next test is whether underground mining can make the improvement durable.

Peregrine Gold has reported a $3.47 million FY2026 loss and $3.56 million operating cash outflow, with its auditor highlighting material uncertainty over the company’s ability to continue as a going concern. Against that financial pressure, the ASX-listed explorer is preparing RC drilling across two high-grade channel iron prospects and advancing several gold targets in the Pilbara.

US1 Critical Minerals has warned of a material uncertainty over its ability to continue as a going concern, with only $302,641 in cash at year-end. Its forecast depends heavily on completing a conditional sale of Tanzanian uranium licences for an initial US$1 million.

Nico Resources is advancing drilling, metallurgical studies and a potential downstream battery-materials partnership at Wingellina, despite a subdued nickel market and a larger annual loss. The company ended FY2026 with $4.73 million across cash and short-term investments after raising $3.73 million in equity.

Talisman Mining’s Sheepyard prospect has emerged as the company’s clearest exploration opportunity after drilling outlined shallow gold mineralisation across an unconstrained 800-metre strike. But the annual report also shows a shrinking royalty income stream, a $2.705 million loss and fresh reliance on equity funding.

Mt Malcolm Mines has moved closer to an integrated gold development model, combining a maiden 13,200-ounce resource with ownership of major 500,000-tonne-per-year processing plant components. The shift came with a $1.639 million loss, $1.445 million of operating cash outflows and a warning that further working capital is likely to be required within 12 months.

Arika Resources has consolidated full ownership of its two Western Australian gold projects after a year of expanding mineralisation and fresh high-grade targets. The exploration story is gathering momentum, but auditors have flagged material uncertainty around funding as the company moves into a more than 20,000-metre drilling campaign.

Kingsrose Mining is entering FY27 with A$18.1 million in cash, a fresh CEO and a portfolio that now depends more heavily on permitting, partnerships and capital discipline. The company’s nearest-term opportunity is Penikat drilling in Finland, while its Norwegian projects require new routes to funding or value realisation.

Global X EURO STOXX 50 ETF delivered a higher annual profit and a sharp increase in net assets as investor applications accelerated. The audited report also highlights the fund’s sizeable exposure to European equities and euro-Australian dollar movements.

Global X Defence Tech ETF reported a $13.84 million loss for the year ended 30 June 2026, reversing a $7.50 million profit a year earlier. The result was driven by $14.48 million in net losses on investments and foreign exchange, even as investor applications lifted net assets to $112.56 million.

Global X Australian Bank Credit ETF more than doubled its net assets to $184 million in the year to 30 June 2026, while profit rose to $6.9 million. The audited report also shows a larger exposure to BBB-rated debt and a sharp increase in distributions payable.

GCM Corporation’s FY26 report charts its shift from explorer to thermal-management manufacturer, with independent VHD validation, 44 products and first reported product sales. But the company remains loss-making, cash-burning and dependent on further funding, while its auditor warns of material uncertainty over going concern.

Grand Gulf Energy has reported a sharply wider FY2026 loss after impairing $15.03 million of Red Helium exploration assets. The auditor also flagged material uncertainty over the company’s ability to continue without further capital.

Strata Minerals has shifted from broad exploration to a Zelica-centred Western Australian gold strategy, pairing strong drilling results with a proposed capital-light mining pathway funded by BML Ventures. The opportunity is growing, but the company remains loss-making and warns that further funding may be required to continue as a going concern.

Prairie Lithium has moved its Saskatchewan project closer to commissioning, with Pad #1 construction advancing and Hydro Lithium agreeing to buy all Phase 1 output. The progress came alongside a A$3.46 million FY2026 loss, further equity issuance and a year-end cash balance of A$5.85 million.

Bubalus Resources finished 2026 with $3.03 million in cash after posting a $1.62 million loss and writing off $1.01 million of exploration assets. The exploration company is narrowing its focus across Victorian gold, rare earths and lithium targets, but says further funding may be required.

Barys Resources reported a wider A$2.30 million loss for FY2026 as it secured two gold exploration licences in Kazakhstan but made no progress at its Niger uranium project. With A$2.06 million in cash at year-end, the company is now pursuing a partially underwritten A$2.6 million entitlement offer to fund its next phase of exploration.

Ozz Resources has emerged from suspension after raising $4.8 million, acquiring the Bedaburra nickel-copper-cobalt project and reshaping its exploration portfolio. The annual report also highlights a still-loss-making balance sheet and unresolved funding demands ahead.

Raiden Resources posted a wider FY2026 loss after impairing A$8.86 million of exploration assets, while its cash and term deposits fell to A$11.98 million. The company is now concentrating on Brazil’s Crixás gold tailings project, Bulgarian exploration and a proposed divestment of most of Mt Sholl.

Victory Metals has set out a 20-year development case for North Stanmore, backed by a 47 million tonne Probable Ore Reserve and a pre-tax NPV8 of A$1.76 billion. The project remains pre-feasibility stage, while the company ended FY2026 with A$11.18 million in cash and no operating revenue.