🕒 Tuesday 29 September 2026 Tue, 29 Sept 2026

Tennant Minerals has reported a high-grade maiden resource and further strong drilling at its Bluebird copper-gold discovery, but the annual report carries a material uncertainty over the company’s ability to continue as a going concern. A $2.8 million capital raise completed around year-end provides near-term funding, while further exploration and processing studies remain ahead.

Finder Energy has shifted decisively from exploration towards development, with its Timor-Leste oil project backed by independent reserves, an acquired FPSO and expanded TIMOR GAP funding. The transition came at a steep cost, however, with a $30.0 million annual loss and Final Investment Decision still ahead.

Avenira has pushed its first Wonarah phosphate shipment target into the first half of 2027, while its auditor warned that funding remains critical to the company’s survival. The annual report records project progress, but also a $3.34 million loss, $759,415 in year-end cash and a proposed $49 million rights issue.

oOh!media’s $1.68-per-share takeover by I Squared Capital has cleared another formal milestone, with the scheme booklet now registered by ASIC. The independent expert considers the offer fair and reasonable, but shareholders must still vote before the proposed 26 November implementation.

Key Petroleum reduced its FY2026 loss, but the oil and gas explorer continues to rely on equity funding while awaiting Queensland Government decisions on ATP 920 and ATP 924. An auditor’s unmodified opinion still highlights material uncertainty over the company’s ability to continue as a going concern.

West Cobar Metals ended FY2026 with more cash but a larger loss and an auditor-highlighted material uncertainty over its ability to continue without further funding. Exploration advanced across Salazar and Cobar West, but the company remains dependent on equity markets to keep its programmes moving.

Santana Minerals has moved Bendigo-Ophir from study toward construction, securing a 30-year mining permit, strategic land control and A$188.3 million in cash. The decisive hurdle remains the Fast-track consent due on 20 January 2027, followed by financing and a final investment decision.

Falcon Metals has extended mineralised strike at its Blue Moon project beyond 850 metres while increasing exploration spending sharply and raising $30 million after year-end. The results remain exploration-stage, but the company now has substantially more drilling capacity and a second maiden campaign underway in Western Australia.

RPM Automotive Group’s audited FY26 accounts confirm a sharp deterioration in earnings, a $4 million goodwill impairment and banking covenant non-compliance. Management is now treating FY27 as a transition year focused on cash generation and operational repair.

Viva Leisure used FY2026 to prove its existing club network could generate stronger returns without rapid expansion, lifting revenue 12.2% and underlying NPAT 46.4%. The ASX-listed fitness group is now preparing to accelerate openings while reviewing options for its faster-growing payments and technology business.

Melbana Energy’s Block 9 project remains on care and maintenance after a partner default and US sanctions on CUPET, despite improved geological understanding from Amistad-2. The company ended FY2026 with $472,504 in cash and warned that additional funding is required to continue.

Green360 Technologies has moved its MKX metakaolin product from testing into commercial supply, securing a binding agreement with Holcim Australia while cutting annualised fixed cash costs by about $1.6 million. The progress comes against a $4.25 million FY2026 loss, $3.93 million in operating cash outflows and an explicit need to prove the business can scale before its cash buffer runs down.

Neuren says its partner Acadia has received a US Notice of Allowance for a trofinetide patent that could protect weight-banded dosing through 28 March 2041. The patent has not yet formally issued, but the allowance could extend US protection by almost five years beyond the existing method-of-use patent.

Kogan.com (ASX:KGN) crossed $1 billion in annual gross sales as stronger margins, cash generation and a Mighty Ape reset lifted FY26 results. The group returned to statutory profit, ended debt-free and declared another fully franked dividend.

Silver Mines has completed the $26 million buyback and extinguishment of two private royalties over its Bowdens Silver Project, paying $18 million in cash and issuing $8 million in shares. The move removes the royalty interests over EL5920 as the project enters its next approvals phase.

TradeWindow is targeting 13% to 18% revenue growth in FY27 and expects to approach EBITDA breakeven, while preparing to shift its primary listing from the NZX to the ASX. The freight software company also reported rising recurring revenue, stronger customer economics and NZ$4.0 million in cash at 30 June 2026.

Temas Resources and SAGA Metals have begun an eight-week optimisation program aimed at turning strong laboratory recoveries into a defined processing flowsheet and first high-purity titanium, vanadium and iron products. A successful stage could lead to a C$650,000-C$750,000 mini-pilot, although that funding remains subject to technical results and SAGA approval.

Mithril Silver and Gold has lifted the higher-confidence portion of its Copalquin Target 1 resource to 464,000 ounces of gold equivalent, giving the Mexican project a stronger base for mine planning. The upgrade comes alongside a larger loss, substantial exploration spending and an auditor’s warning that further funding is needed to support the company’s going-concern status.

The Takeovers Panel has allowed Pengana Capital Group to withdraw its challenge to Pengana International Equities’ buy-back and proposed rights issue, but stopped short of endorsing the transactions. The regulator said it remained concerned about the structure and warned that settlement terms must not obstruct future proceedings.

SciDev Limited (ASX:SDV) finished FY26 with a sharp annual earnings decline, but a leaner business and stronger second-half performance offer a potential reset. Revenue fell 17% and underlying EBITDA dropped 49%, while the company exited loss-making international operations and rebuilt net cash to $6.8 million.

Pantera Minerals is seeking a low-cost foothold in Western Australia’s Albany Fraser Orogen through the proposed acquisition of the 470km² Corona Gold Project. The tenure carries an 8km historical gold anomaly and untested auger targets, but the evidence remains reconnaissance-stage and the transaction terms contain a share-count discrepancy that investors will want clarified.

Li-S Energy has narrowed its FY26 loss and reached several commercialisation milestones, including a 2C Power Cell, international shipping approvals and its first lithium foil sale. But the ASX battery developer still needs customer offtake and fresh funding before its proposed 1 GWh manufacturing expansion can become reality.

Memphasys will receive an A$3.5 million advance from major shareholder Peters Investments to expand Felix production, inventory and sales capacity as repeat orders emerge across international markets. The funding carries a 12.5% interest rate, potential equity dilution and requires shareholder and ASX approvals before the convertible notes can be issued.

Estrella Resources has identified copper-bearing porphyritic diorite and gold at nine locations around Timor-Leste’s Laleno Dome, strengthening the case for a broader intrusion-related system. The geological signal is encouraging, but drilling approval and representative follow-up work remain outstanding.