🕒 Wednesday 30 September 2026 Wed, 30 Sept 2026

Black Cat Syndicate’s gold inventory has fallen to 2.31Moz of Resources and 272koz of Reserves after mining depletion and model revisions. The producer is responding with up to $35 million of FY27 exploration spending while targeting 80-90koz of output.

Cadoux says resampling of 21 historical Danube drill holes has extended rare earth-zircon mineralisation up to 1.4 kilometres north of its June Exploration Target and opened a southern target area. The results move the project towards planned infill drilling, a maiden Mineral Resource and a Scoping Study, but key mineralogy and access hurdles remain.

Ark Mines has reported a FY2026 profit after receiving Queensland-backed funding, while its Sandy Mitchell rare earths resource expanded to 379.4 million tonnes after year end. The project now has development approvals and commercial-grade testwork behind it, but no Ore Reserve or mining decision yet.

Athena Resources has expanded its Byro Magnetite Project resource to 76.3 million tonnes and begun drilling at Narryer, the prospect earmarked for potential early development. The progress came with a $1.11 million FY2026 loss, a non-binding joint venture and fresh funding still supporting an exploration-stage business.

Telix has secured FDA Fast Track designation for BiPASS, its Phase 3 program testing 68Ga-PSMA-PET alongside MRI before prostate biopsy. The milestone may support closer FDA engagement and faster review of a planned NDA, but the indication remains investigational and no BiPASS results were disclosed.

Tarrina Resources has identified five kilometre-scale IOCG target zones at Walparuta after soil sampling returned copper values up to 2,891 ppm and gold up to 466 ppb. The planned 23-hole drill campaign remains subject to native title, heritage, land access and government approvals.

Enova Mining has launched a 1-for-4 entitlement offer at A$0.001 a share to raise up to A$495,152 for exploration and working capital. The modest raising sits alongside a proposed A$2 million placement and potential Caraubas acquisition issues that could materially expand the share count.

New Murchison Gold has reported high-grade drilling across three Lydia deposits near its Crown Prince operation, led by a 1m interval at 47.20g/t gold. The results define shallow mineralised zones, but remain outside the current Lydia resource and still require further drilling and modelling.

Metallium has moved Flash Joule Heating from tiny laboratory tests to multi-reactor campaigns in Texas, backed by feedstock contracts, offtake and A$125 million raised during FY2026. Yet the ASX-listed group remains pre-revenue, lost A$42.8 million and says continued access to funding is a material uncertainty.

Atomic Eagle has begun a technical review aimed at determining whether its 60%-owned Madaouela uranium project in Niger can support a materially larger development than outlined in the 2022 feasibility study. The company is targeting a JORC-compliant resource in Q4 2026 and a scoping study in Q1 2027.

Parkway Corporate Limited (ASX:PWN) delivered a sharp revenue increase in FY26 and generated positive operating cash flow, but slipped into a statutory loss and flagged significant uncertainty around its ability to continue as a going concern. Key approvals for its Queensland brine project and a new $2 million mining contract offer commercial progress, while funding remains the central test.

Identitii’s BNDRY platform gained customers and recurring revenue in FY26, but the company ended the year with just $107,483 in cash, negative net assets and a material uncertainty over its ability to continue as a going concern. A subsequent convertible note facility provides a committed $5 million, while access to a further $15 million remains conditional.

Broken Hill Gold has won tenders for two South Australian exploration licences covering 751 square kilometres, doubling its regional tenure near White Dam to more than 1,500 square kilometres. The ground includes the historically productive Manna Hill and Waukaringa goldfields, but still requires formal grant, permitting and modern drilling before its potential can be tested.

White Cliff Minerals has expanded its Rae Copper-Silver Project into a multi-kilometre copper system, with a peak interval of 21.1% copper and recoveries reaching 95.4%. The exploration progress came alongside an A$18.8 million FY26 loss, A$14.5 million operating cash outflow and an auditor-highlighted material uncertainty over going concern.

American Tungsten & Antimony has paired a sharply higher FY2026 loss with its most consequential strategic step yet: a proposed US mine-to-metal chain anchored by the Del Sol refinery. The acquisition remains unfinished, but the company has produced antimony ingot from Arizona mine material and ended the year with $19.5 million in cash.

Gullewa’s full-year profit fell sharply despite a $2.98 million royalty stream from the Deflector Project. The company is expanding its property and gold exposure while maintaining a fully franked dividend of 0.7 cents per share.

Liontown has approved a $389 million expansion of Kathleen Valley, targeting average spodumene concentrate production of about 780,000 dry metric tonnes a year from FY30. The project is expected to lower unit costs, but its economics rely on lithium price assumptions, execution and a production inventory containing 21.5% inferred resources.

Castle Minerals has reported a $3.23 million net loss for FY2026, with its auditor highlighting material uncertainty over the explorer’s ability to continue without further capital or spending cuts. The company is redirecting its portfolio towards gold assets in Côte d’Ivoire and Western Australia, backed by a partly completed $4 million post-year-end placement.

Aureka’s inferred gold resources climbed to 454.8koz in FY2026 as the company moved closer to production through a proposed acquisition of the Fiddlers Creek mine and Wedderburn mill. The shift comes with a $5.75 million annual loss, $5.97 million operating cash outflow and further equity funding.

Black Canyon has established a maiden 23.6Mt manganese resource at Wandanya in Western Australia, alongside 12.5Mt of iron mineralisation. The high-confidence estimate includes potential direct-shipping material, while a scoping study is targeted for completion in December.

AI-Media has set FY27 targets for ARR of $44 million to $46 million and announced an on-market buy-back of up to 20.8 million shares. The combination gives shareholders a clearer scorecard for growth and capital allocation, but neither the guidance nor the full buy-back is guaranteed.

Nex Metals returned to profit in FY2026 after selling its remaining Arika joint venture interest, but the gain did not resolve its underlying funding pressure. The company ended the year with $422,452 in cash, net liabilities of $471,232 and a material uncertainty over its ability to continue as a going concern.

Core Energy Minerals has expanded into an advanced Namibian uranium joint venture, but its annual report flags a material uncertainty over continued operations. The explorer reported a $3.369 million loss, $469,346 in cash and a $1.49 million working-capital deficit for 2026.

Albright Metals has reported a sharply wider FY2026 loss and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company’s Canadian Golden Pike project has advanced to a 54,200-ounce JORC resource, but further development depends on funding.