🕒 Friday 23 October 2026 Fri, 23 Oct 2026

Alara Resources has reported its first full-year profit after its Oman copper operation produced above nameplate capacity, lifting revenue 145% to A$135.3 million. The turnaround is substantial, but negative operating cash flow and a planned A$6 million equity raise keep the balance sheet firmly in focus.

Crimson Consulting Australia has declared its A$0.75-a-share cash offer for Kip McGrath Education Centres final, while extending the bid to 4 November and accelerating payment for accepting shareholders. The bidder now has an 82.07% relevant interest in Kip McGrath.

Adslot reported stronger Viber advertising activity and lower operating costs in the September quarter, while restructuring payments continued to weigh on cash. The company ended the period with $1.28 million and a prescribed funding runway of 1.7 quarters.

New research from the NEPTUNE cohort has strengthened the biological rationale for Dimerix’s DMX-200 kidney drug, linking CCR2 activity and urinary MCP-1 levels with poorer outcomes in FSGS. The findings support the drug’s mechanism, but do not yet demonstrate Phase 3 efficacy.

AIC Mines delivered record FY26 revenue, profit and operating cash flow while advancing Jericho and the Eloise processing plant expansion. The growth plan is gaining operational momentum, but it is also increasing debt, execution demands and exposure to copper and diesel prices.

Elixir Energy has agreed to farm out half of its interests across much of the Taroom Trough to Beach Energy for $25 million in cash and a four-year, $180 million gross carried work program. The deal could materially reduce Elixir’s funding burden, but completion still depends on several approvals and conditions.

Element 25 has moved its Butcherbird expansion further into delivery, combining early site works with a binding manganese offtake and a potential AU$50 million project finance package. The project still needs financial close, approvals and major construction contracts before the plan becomes an operating mine.

Innovaero has reported A$3.6 million of first-quarter revenue and A$42.9 million in cash in its first post-listing quarterly update. Its core OWL-B program remains on track for Australian Defence Force certification in March 2027, but any customer order remains conditional on that milestone.

Beach Energy has agreed to spend A$25 million in cash and carry A$90 million of exploration costs to expand its Taroom Trough footprint to 1,481 km2. The deal gives Beach operatorship of key permits, but remains subject to approvals and pre-emptive rights.

EVT delivered a 17% lift in normalised first-quarter EBITDA to $72.5 million, powered by a sharp recovery in Entertainment and resilient Hotels trading. Thredbo was the drag, while an $800 million property sell-down and ongoing structure review put the group’s Hotels-led strategy under the spotlight.

Aussie Broadband has reaffirmed its FY27 underlying EBITDA guidance of $205 million to $215 million after adding more than 193,000 broadband connections since June. The company says major customer migrations are nearing completion, shifting the focus from scale-building to integration and productivity.

Flagship Minerals has extended its Rosario Copper Project option by one year and cut the final exercise payment from US$2 million to US$1 million. The revised terms give the company more time to advance Isidora before committing further exploration capital to Rosario.

The Takeovers Panel has declined to examine a challenge to Zenith Minerals’ handling of Aurenne’s proposed $5 million funding, removing one regulatory obstacle to Forrestania Resources’ recommended takeover. The Panel said there was no reasonable prospect of declaring unacceptable circumstances, but detailed reasons are still to come.

Nido Education has signed an agreement to acquire nine early education services from Edge Early Learning, marking the first transaction under its selective acquisition strategy. The deal remains subject to regulatory approvals and lease assignments, with no purchase price or financial contribution disclosed.

Zoono Group is seeking up to A$1.61 million from a non-renounceable rights issue after completing a separate A$250,000 placement, with its offer document warning of material uncertainty around going concern. The funds are intended to support shelf-life extension projects, intellectual property and working capital, but investors face dilution and an unresolved legal case.

Hydration Pharmaceuticals is asking eligible shareholders for up to A$1.43 million in fresh capital as it funds the next phase of its turnaround. The non-renounceable offer comes with free options, but is neither underwritten nor subject to a minimum subscription.

Neu Horizon Uranium has defined a more than 2 km electromagnetic conductor at Storvallflon, where five exploration datasets converge on the strongest surface uranium response recorded during its 2026 campaign. The ASX-listed explorer plans 4,000 metres of diamond drilling in the first quarter of 2027, subject to approvals.

FAR’s remaining value is tied largely to Woodside’s Sangomar production and oil prices, with up to US$19.8 million still potentially payable after a US$23.7 million provisional receipt. The oil and gas company ended September with US$1.73 million in unaudited cash and no exploration expenditure.

Sunrise Energy Metals has completed key Syerston engineering work and received a conditional commitment for up to US$400 million in long-term debt from the U.S. Office of Strategic Capital. The project’s revised scope now carries an estimated A$450 million to A$475 million capital cost, while the proposed Nasdaq redomiciliation remains subject to multiple approvals.

Objective Corporation delivered 9% revenue growth and a 5% lift in net profit for FY2026, but the loss of a long-running Defence agreement and a separate NHVR contract will pressure recurring revenue in the year ahead. Management expects adjusted EBITDA of at least $40 million in FY2027 as it keeps investing in AI, sales capacity and potential acquisitions.

European Resources has lifted bench-scale magnet rare earth extraction at its Korsnäs project to 92% and is moving towards a mixed rare earth carbonate sample for potential customer assessment. The progress comes alongside a new eastern exploration anomaly and a reported cash runway of about two quarters.

Bannerman Energy and CNNC Overseas have approved the Final Investment Decision for the Etango uranium project in Namibia, clearing the way for full-scale construction and targeting first yellowcake in 2028. The project is forecast to produce about 3.5 million pounds of U3O8 annually, with construction funding described as covered by existing cash balances.

MaxiPARTS has delivered a sharp lift in first-quarter operating profit despite modest revenue growth, while its newly acquired Air Brake Systems business is set to contribute for most of FY27. The company has reiterated expectations for further earnings improvement and increased capital returns.

Patagonia Lithium’s application for a 1,000-tonne lithium carbonate demonstration plant has passed the gazettal stage in Argentina, but final environmental approval remains outstanding. The company has also pushed back its Mineral Resource Estimate update by five weeks while it resolves conflicting porosity data.