News

AR1 terminates the Anthill Project Agreement constraining operational flexibility, regaining 100% economic benefit of copper production and ability to accelerate output at Mt Kelly—a strategically positive move that unlocks direct copper price exposure but comes at material cash burn (~$37.6m outlay) offset by ore-processing upside. The company remains funded through Rocklands recommencement in mid-2027, though the 40% share dilution and $51.98m total settlement cost requires confidence in near-term production uplift and sustained copper pricing.

Avira has commenced its inaugural RC drilling campaign at Mt Cattlin gold project with strong early-stage indicators—high-grade historical intersections (>18 g/t Au) and formal approvals now in place. Early assay results are imminent and will directly feed a maiden mineral resource estimate targeted for Q4 2026, representing a critical inflection point for this micro-cap explorer.

Jupiter Asset Management has accumulated a 5.87% stake in CRS over ~2 months via steady on-market purchases, signalling institutional confidence in the gold explorer. The acquisition pattern—gradual and sustained across multiple tranches—suggests deliberate portfolio positioning rather than speculative entry.

CLINUVEL provided a clinical roadmap update for SCENESSE® in vitiligo, confirming CUV105 (210 patients, darker skin types) will report in December 2026, followed by pivotal CUV107 (300 patients) starting November 2026. The program targets repigmentation via afamelanotide plus narrowband UVB, leveraging SCENESSE®'s existing EPP approval to accelerate future vitiligo regulatory submissions.

CVN reported strong quarterly financials with A$98m cash, no debt, and a 92% uplift in Bedout prospective resources (1,021 mmboe net) following seismic reprocessing, positioning the company to fund a ~A$20m two-well campaign commencing April 2027 while retaining development funds. The Ara prospect (200 mmboe gross, 1-in-3 chance) is flagged as a material de-risking play for the broader 130-prospect portfolio, with a 67% exploration success rate in the basin underpinning execution confidence.

DRO has secured a substantial $23.2M European military counter-drone contract, posted 74% H1 revenue growth to $125.8M, and released RfAI-3, a next-gen AI-driven wideband RF detection engine addressing dynamic threat landscapes. FY2026 guidance of $250–270M revenue reflects confidence, though near-term gross margin compression (60% vs 65%) from product mix and production transition warrants monitoring.

GAL burned $0.73m on exploration in Q1 FY26 but maintains $7.48m cash, covering 10+ quarters of current spend—a stable position for early-stage lithium exploration. The modest retail outflow ($994k net) suggests market indifference to routine cash flow disclosure.

GT1 has secured A$11.0m recapitalisation to fund Seymour DFS completion (Q4 2026 target) and permitting pathway to FID, with additional upside identified in tantalum and rubidium by-products. The company is repositioned for development execution after a cost-management period, though execution risk remains on DFS timing and financing pathway.

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KRR has completed Phase 1 stockpile drilling and high-resolution magnetic surveys at Mindoolah, uncovering a material 338,678-tonne discrepancy between historical pit excavation and reported production—implying ~23,541 oz of potentially unaccounted gold if historical grades apply. Results are pending laboratory assay, with the company transitioning to shallow pit extensions and structural targets guided by new geophysical datasets.

LIN experienced a sharp 17% rally with 3.5× volume spike on 27 July, prompting an ASX price query. The company denies knowledge of undisclosed material information and confirms continuous disclosure compliance, suggesting the move reflects sector momentum (DTR halt, peer activity) rather than company-specific news.

PR1 has achieved independent ISO 11126-10:2017 validation of its Garnet Hills garnet product and is conducting advanced liberation testwork (magnetic/gravity separation, SELFRAG electrodynamic fragmentation) to reduce residual quartz content and support NAVSEA naval qualification. The work is pre-processing—proof-of-concept stage—with full results and processing decisions pending.

ReadCloud's schools business delivered record YTD customer receipts (+6% schools, +13% VET) on strong retention and course growth, with 2027 pipeline building ahead of last year; the company remains cash-flow positive despite industry training exit, tracking toward $1m+ uEBITDA in FY26. This represents sustained operational momentum in a mission-critical recurring revenue segment, though absolute scale remains limited at $9m market cap.

SER successfully oversubscribed its A$250k SPP by 132%, ultimately accepting A$465k at A$0.12/share with strong retail participation, signalling shareholder conviction despite portfolio refocus toward copper-gold exploration in Queensland. Demand exceeded available placement capacity, requiring pro-rata scale-back and indicating appetite for the company's JV pipeline (Sumitomo, Fortescue partnerships).