🕒 Wednesday 21 October 2026 Wed, 21 Oct 2026

SEEK has reset the economics of its Growth Fund’s second five-year phase, targeting at least $840 million in investor liquidity and approximately $700 million for itself. The plan reduces fees, separates core from non-core assets and ends further capital contributions from SEEK, but distributions remain dependent on asset sales and market conditions.

Telix reported US$245 million in unaudited third-quarter revenue, with Precision Medicine sales up 30% and full-year revenue and other income still expected to exceed US$1 billion. The quarter also advanced the proposed US$1.65 billion ITM merger, added FDA-approved Pixclara to the commercial portfolio and narrowed the R&D spending range.

Silver Mines has begun its first modern drilling program at the Kramer Hills gold project in California, targeting shallow oxide mineralisation and possible deeper sulphide zones. The 22-hole campaign will test a conceptual exploration target of up to 445,000 ounces, but the project remains well short of a JORC Mineral Resource.

Evergold Minerals will acquire the Rabbit Warren tenements near Leonora for $50,000 cash and $150,000 in shares, gaining access to a historic gold discovery with an untested 1982 intercept of 3 metres at 23 g/t. The opportunity is inexpensive, but the geological evidence remains largely historical and unverified.

Sigma Healthcare has entered FY27 with double-digit Chemist Warehouse sales growth, stronger earnings and a merger integration program targeting $100 million in annual synergies by FY29. The next test is whether store expansion and technology consolidation can convert momentum into durable cash returns.

Native Mineral Resources has lifted Blackjack’s weekly doré output for a second consecutive week, with the latest 552oz smelt the operation’s largest since August. October production has reached 1,376.2oz, although the newest bars still await Perth Mint refining.

Transurban’s Group average daily traffic rose 3.1% year on year in the September quarter, with Melbourne, North America and Sydney leading the portfolio higher. The update also corrects recent North American traffic and pricing data, with no reported revenue impact.

Beach Energy delivered its strongest quarterly revenue result on record, with sales rising 41% to A$565 million as production increased 9% to 5.4 MMboe. Waitsia reliability improved, offshore abandonment work was completed and FY27 guidance remained unchanged.

CurveBeam AI has secured its strongest first-quarter HiRise sales result, gained China regulatory clearance and raised A$7.35 million to fund the next stage of commercialisation. The progress comes alongside lower customer receipts and a reported 4.3 quarters of cash runway.

Atlas Arteria’s proportional toll revenue fell 0.4% in the September quarter excluding foreign exchange, while a proposed French tax package could have added about €210 million to APRR Group costs under 2025 conditions. Stronger US and German traffic provided some offset, but the company remains exposed to weak French light-vehicle demand and uncertain legislation.

Brookside Energy is expanding beyond its operated SWISH program with five proposed non-operated horizontal wells across three Oklahoma plays. The estimated US$3.5 million investment is intended to add future production and cash flow without drawing on a new equity issue.

PLS has priced US$700 million of senior unsecured notes at an 8.00% coupon, adding a substantial source of funding as the lithium producer prepares for further capital investment. The notes mature in 2032, with settlement expected on 23 October subject to customary conditions.

GBM Resources has recorded rougher flotation recoveries of 92% to 99% from composite samples at its Twin Hills Gold Project in Queensland. The early results strengthen the case for conventional processing, although weaker 309 CIL recoveries mean the project’s final flowsheet remains unresolved.

Iondrive received $3.765 million in grant cash during FY2026, including $3.691 million from the Australian Government’s Industry Growth Program. The company has deferred $1.671 million of that funding until further eligible pilot plant expenditure is incurred.

GoldArc Resources has secured approval for the western haul road and expanded accommodation village needed to support mining at Mt Stirling and Mt Stirling Well. The project is now described as fully permitted and shovel ready, although a mining start date and processing arrangement remain unresolved.

FMR Resources has completed planning for at least 2,000 metres of drilling at La Lorena and identified five new intrusive targets in an eastern structural corridor. The Chile-focused explorer also exercised its Los Warbos option after quarter end, but reported cash of A$3.786 million and an estimated 2.51 quarters of funding at the September quarter’s spending rate.

Sabre Resources has completed its maiden 4,362-metre drilling program at Kurundi North, where surface sampling identified copper, bismuth, silver, zinc and lead associated with ironstone. The key test now moves to the laboratory, with 1,048 drill samples awaiting results expected in four to five weeks.

PC Gold has reported a run of thick, stacked gold intercepts at its 1.51Moz Spring Hill project, with five of eight diamond holes delivering best single intercepts of about 70 gram-metres or more. The results add momentum ahead of a targeted December Mineral Resource Estimate update, while coarse-gold sampling and pending assays remain important variables.

Encounter Resources has extended a shallow, high-grade niobium zone at Joyce across more than 400 metres of strike, bringing a maiden resource estimate into view. The company has also identified copper anomalism in the southern part of the prospect, although that result remains early-stage.

Kingfisher Mining has reported strong September-quarter drilling results across its Broken Hill portfolio and secured approximately $2.25 million for further exploration. The next test is whether follow-up drilling can turn high-grade intersections into a larger, coherent mineralised system.

BPH Energy’s latest quarter puts its portfolio risks in sharp relief: Advent is appealing the PEP11 ruling while another subsidiary remains in voluntary administration. BPH ended September with $1.127 million in cash, but deployed $972,000 in loans to investees during the quarter.

Westgold Resources has completed a A$33.3 million infrastructure program at Beta Hunt, where an annualised 2Mtpa mining rate was reached in September. The company is now targeting sustained performance at that rate from Q2 FY27, while warning that the mine’s original life-of-mine ventilation system still requires repair, recommissioning or replacement.

AEMO has increased the capacity allocation for Frontier Energy’s Waroona Stage One project by 10.95MW, lifting expected annual Reserve Capacity Payments to about $36 million. The change raises the project’s forecast revenue, EBITDA and free cash flow through the fixed-price period, although the forecasts still depend on construction, commissioning and future capacity assessments.

29Metals’ September quarter was sharply weaker after a planned 11-day Golden Grove shutdown cut copper production, revenue and liquidity. The company is now relying on higher December-quarter volumes, a restarted Xantho Extended and a funding solution for Capricorn Copper to restore momentum.