OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor BRE ASX

Brazilian Rare Earths Limited

Scoping Study Developer · Rare Earths · Uranium · Brazil Rating locked: sign in to view v8.1 · bre-20261031t202833-full
Last 2026-11-06
A$1.695
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$468.1M
EV
A$348M
Cash
A$121.8M
Debt
A$0

Narrative and provenance

Research & Sources

AI Analyst Report

The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.

Sign in or enter a guest code
Chronological evidenceSource-document inventory31 documents
BRE ASX close 30 October 2026 (local market database)Market Data · HighPartial

Latest eligible local ASX close for one BRE ordinary share: A$1.875 on 30 October 2026 (provider market data provider via miners.collect_stock_prices; price freshness 1 day, fresh). Volume 1,041,810 shares.

Document ID
ref_price_20261030
Published UTC
2026-10-30T00:00:00Z
Projects
—
Commodities
rare_earths
Open original source ↗
Peer prices and implied market capitalisations for ASX rare earth peers at 30 October 2026 (local market databases)Market Data · MediumPartial

Closing prices for LYC, ARU, MEI, VMM and LIN on 30 October 2026 from the local ASX price database; market capitalisation = 30 Oct close times shares implied by the 9 August 2026 database market capitalisation divided by that day's price (an approximation that ignores share issues since 9 August); 12-month return from the close 252 sessions earlier. NPV/capex ratios for ARU (1.6x), MEI (5.5x) and VMM (2.5x) are as compiled by BRE in the 18 August 2026 scoping study chart (page 16) and are not independently verified.

Document ID
peer_prices_20261030
Published UTC
2026-10-30T00:00:00Z
Projects
—
Commodities
rare_earths
Open original source ↗
Market snapshot for BRE at 31 October 2026 (miners.v8db.market_snapshot)Market Data · MediumPartial

Local market snapshot: 52-week range A$1.725 to A$6.61, 1/3/6/12-month returns -48.5/-50.0/-62.7/-65.3 percent (12-month -74 percent relative to the mining index), 20-day average traded value A$3.6m, AUD/USD 1.4236 (AUD per USD). The peer database holds no published rare earth peers, so peers come from outside research. Local management, ownership and insider-dealing products do not exist for BRE (searched management/BRE, ownership/BRE and the insider transactions database: none).

Document ID
market_snapshot_20261031
Published UTC
2026-10-30T00:00:00Z
Projects
—
Commodities
rare_earths
Open original source ↗
September 2026 Quarterly Report and Appendix 5BResults · HighExtracted

September 2026 quarterly activities report and Appendix 5B, released 20 October 2026. Cash A$121.8m, no borrowings, quarterly operating cash outflow A$14.3m; reaffirms the 18 August 2026 Integrated Monte Alto + Camacari scoping study (NPV8 US$6.0bn on the Argus EU/US deck, 75 percent Indicated feed); ten thousand metres of post-cut-off Monte Alto drilling with a Q4 2026 resource upgrade planned; Sulista South discovery and Sulista East 430 m extension; first concentrate from the Camacari pilot plant with Stage II hydromet co-funding (59 percent partner funded, commissioning Q2 2027); Alurion demerger completed, BRE retains 39.0m shares (about 16 percent).

Document ID
q_sep2026
Published UTC
2026-10-19T22:22:30Z
Projects
monte_alto_camacari · sulista
Commodities
rare_earths · uranium
Open original source ↗
Half Yearly Report and AccountsResults · HighExtracted

Interim financial statements for the half-year to 30 June 2026 (28 August 2026), early-adopting AASB 18. Loss A$39.6m (exploration and evaluation expense A$31.8m including A$5.0m Agua Verde tenements, G&A A$10.8m), cash A$134.4m, no borrowings, lease liabilities A$1.75m, 280,153,716 shares on issue at 30 June 2026 and 8.73m zero-price options; Alurion classified as held for distribution; 4,000,000 Sulista vendor shares repurchased and cancelled on 11 August 2026 for A$1 total, reversing a A$9.48m expense.

Document ID
hy_jun2026
Published UTC
2026-08-28T01:02:20Z
Projects
monte_alto_camacari · sulista
Commodities
rare_earths
Open original source ↗
Rocha da Rocha Scoping Study UpdateStudy · HighExtracted

Rocha da Rocha Scoping Study Update (18 August 2026). Retracts the 13 August production target and all forecast financial information because Inferred material scheduled in years 9-14 left no reasonable basis, and replaces it with a standalone Integrated Monte Alto + Camacari Case that excludes Sulista: 9-year life, first production 2031, 3.6 Mt scheduled (75 percent Indicated), NdPr 6,351 tpa first five years (5,661 LOM), HRE+ concentrate 2,502 tpa, U3O8 540 tpa (no revenue), revenue US$1,687m pa, EBITDA US$1,397m pa, upfront capex US$969m including 30 percent contingency plus US$57m deferred, after-tax NPV8 US$6.0bn at 30 June 2029, IRR 90 percent, payback 1.1 years, Argus EU/US deck (NdPr US$136/kg, Dy US$947, Tb US$3,442, Gd US$688, Y US$774), effective tax 15.25 percent (SUDENE), 2.0 percent CFEM plus 2.5 percent private royalty, FID mid-2029. No funding secured. Scoping study accuracy +/-40 percent.

Document ID
study_update_20260818
Published UTC
2026-08-17T23:36:54Z
Projects
monte_alto_camacari
Commodities
rare_earths · uranium
Open original source ↗
Scoping Study Delivers Exceptional Rocha da Rocha EconomicsResource Update · HighExtracted

Original 13 August 2026 scoping study announcement and 262-page technical summary. Its production target and forecast financial information (including a Sulista-fed 14-year case) were retracted on 18 August 2026 and are NOT used. The JORC (2012) Mineral Resource estimates it reports (ERM, Competent Person David Williams) are not retracted and are used: Monte Alto primary 3.40 Mt at 11.26 percent TREO (2.51 Mt Indicated at 12.73 percent, 0.89 Mt Inferred at 7.10 percent; drill cut-off 22 Feb 2026), Monte Alto secondary monazite 1.25 Mt at 2.17 percent, Sulista East 8.18 Mt at 2.12 percent (2.11 Mt Indicated at 2.59 percent; cut-off 26 Mar 2026), Sulista West 0.20 Mt at 9.1 percent, Outcrop Ridge 0.11 Mt, Pele 0.29 Mt at 5.1 percent; all reported above a 1 percent TREO cut-off, no reserves.

Document ID
study_20260813
Published UTC
2026-08-12T22:25:19Z
Projects
monte_alto_camacari · sulista
Commodities
rare_earths
Open original source ↗
Notification of cessation of securities - BRECorporate Action · HighExtracted

Appendix 3H (11 August 2026, released after the ASX close): 4,000,000 ordinary shares cancelled under a selective buy-back for A$1 in total, leaving 276,153,716 ordinary shares on issue. The shares had been issued as consideration for the Sulista tenements in 2024 and carried a repurchase right for A$1 if the vendor missed an ANM milestone by 26 March 2026.

Document ID
cessation_3h_20260811
Published UTC
2026-08-11T08:14:47Z
Projects
sulista
Commodities
rare_earths
Open original source ↗
Notification of buy-back - BRECorporate Action · MediumExtracted

Appendix 3C (11 August 2026): selective buy-back of 4,000,000 shares from three Sulista vendors at A$0.00025 per share (A$1 in total), no shareholder approval required; 280,153,716 shares on issue before the buy-back.

Document ID
buyback_3c_20260811
Published UTC
2026-08-11T08:08:07Z
Projects
sulista
Commodities
rare_earths
Open original source ↗
BOFIT Weekly Review 32/2026 summarising the IEA Global Critical Minerals Outlook 2026Commodity Data · MediumPartial

Secondary summary of the IEA Global Critical Minerals Outlook 2026 (July 2026): China accounts for 84 percent of refining of rare earths used in permanent magnets and 59 percent of rare earth mining; China extended export restrictions in October 2025 to products made abroad containing Chinese-origin rare earths, enforcement postponed until 10 November 2026; about US$6.5 trillion of annual production outside China exposed; European dysprosium and terbium prices about five times China domestic prices. Publication day within the week is not stated, so the document is dated to the week; used for market context only.

Document ID
bofit_iea_20260716
Published UTC
2026-08-07T00:00:00Z
Projects
—
Commodities
rare_earths
Open original source ↗
Becoming a substantial holder from BRECorporate Action · MediumExtracted

Form 603 (3 August 2026): BRE became a substantial holder in Alurion Resources Limited on 24 July 2026 with 39,025,413 shares (16.01 percent), registered holder and beneficial owner of shares retained after the demerger. The June 2026 notice of general meeting states the holding is under 24-month ASX escrow.

Document ID
alurion_holder_20260803
Published UTC
2026-08-02T23:00:03Z
Projects
—
Commodities
bauxite
Open original source ↗
June 2026 Quarterly Report and Appendix 5BResults · MediumExtracted

June 2026 quarterly report and Appendix 5B (23 July 2026): cash A$135.1m, operating outflow A$13.4m, Velhinhas corridor geophysics and drilling, yttrium-rich heavy rare earth drilling at Monte Alto, shareholder approval of the Alurion demerger (99.94 percent in favour) and the A$50m Alurion IPO at A$1.05.

Document ID
q_jun2026
Published UTC
2026-07-22T23:51:36Z
Projects
monte_alto_camacari · sulista
Commodities
rare_earths
Open original source ↗
Results of MeetingGovernance · MediumExtracted

Results of the 10 July 2026 general meeting: the capital reduction and in-specie distribution of Alurion shares passed on a poll (99.92 percent of votes cast for, per the annexure; 99.94 percent per the interim report).

Document ID
results_meeting_20260710
Published UTC
2026-07-09T23:32:53Z
Projects
—
Commodities
bauxite
Open original source ↗
Notice of General Meeting/Proxy FormCorporate Action · HighExtracted

Notice of general meeting and demerger booklet (5 June 2026, 451 pages) for the in-specie distribution of Alurion Resources (Amargosa bauxite-gallium project): 0.5607 Alurion shares per BRE share, A$50m IPO at A$1.05, BRE retaining about 16 percent under a 24-month ASX escrow, transitional services from BRE, related-party loan repaid from IPO proceeds. Amargosa (568 Mt bauxite-gallium maiden resource, 5.1 Mtpa direct-ship scoping study) therefore leaves the BRE group; the Rio Tinto US$1.00/wet tonne bauxite royalty relates to Amargosa.

Document ID
demerger_booklet_20260605
Published UTC
2026-06-05T07:53:36Z
Projects
—
Commodities
bauxite
Open original source ↗
March 2026 Quarterly Report and Appendix 5BResults · MediumExtracted

March 2026 quarterly report and Appendix 5B (27 April 2026): cash A$147.2m after A$25.5m of term deposits matured, operating outflow A$11.1m; Monte Alto trial mining licence granted 25 March 2026; Agua Verde tenement acquisition completed 27 April 2026 for 1,035,196 BRE shares.

Document ID
q_mar2026
Published UTC
2026-04-26T23:10:38Z
Projects
monte_alto_camacari · sulista
Commodities
rare_earths
Open original source ↗
Becoming a substantial holderGovernance · LowExtracted

Form 603 (14 April 2026): Bernardo da Veiga became a substantial holder on 9 April 2026 with 13,980,345 shares (5.01 percent).

Document ID
subholder_dv_20260414
Published UTC
2026-04-13T22:10:51Z
Projects
—
Commodities
rare_earths
Open original source ↗
Change of Director's Interest Notice x 4Governance · LowExtracted

Four Appendix 3Y notices (9 April 2026): conversion of zero-price options into shares by Managing Director Bernardo da Veiga (1,236,028 shares) and Executive Chair Todd Hannigan (860,650 options converted), with no sales.

Document ID
dir_3y_20260409
Published UTC
2026-04-09T07:22:19Z
Projects
—
Commodities
rare_earths
Open original source ↗
Annual Report to shareholdersResults · HighExtracted

Annual report for the year to 31 December 2025 (30 March 2026): loss A$42.1m (2024 restated A$56.0m), operating cash outflow A$31.7m, cash A$136.9m plus A$25.5m of financial assets, no borrowings, A$120m placement at A$4.68 in October 2025, 274,626,572 shares at year end, directors and executive profiles, top-20 holders and substantial holders (Citicorp 20.9 percent, HSBC 9.5 percent, Whitehaven group 8.4 percent plus 4.1 percent, Metal Mining Ventures 6.9 percent), 2.5 percent BRC gross revenue royalty over 32 tenements.

Document ID
ar_2025
Published UTC
2026-03-29T21:38:44Z
Projects
monte_alto_camacari · sulista
Commodities
rare_earths
Open original source ↗
December 2025 Quarterly Report and Appendix 5BResults · MediumExtracted

December 2025 quarterly report and Appendix 5B (29 January 2026): cash A$136.9m after the October 2025 A$120m placement; quarterly operating outflow A$10.9m; Carester offtake and engineering partnership reported.

Document ID
q_dec2025
Published UTC
2026-01-28T22:58:21Z
Projects
monte_alto_camacari · sulista
Commodities
rare_earths
Open original source ↗
Appointment of Chief Financial OfficerLeadership · LowExtracted

Appointment of John Vander Ploeg as Chief Financial Officer effective 5 January 2026 (formerly Arcadium Lithium/Allkem, Google and PwC); Renato Gonzaga, previously Group CFO, becomes President - Brazil.

Document ID
cfo_appointment_20260106
Published UTC
2026-01-05T21:22:14Z
Projects
—
Commodities
rare_earths
Open original source ↗
Change of Director's Interest NoticeGovernance · LowExtracted

Appendix 3Y (23 December 2025): Managing Director Bernardo da Veiga disposed of 6,372,158 shares by off-market transfer, leaving about 12.7m shares (previously 19,116,475 shares held directly and through the Trapo Family Trust).

Document ID
dir_3y_20251223
Published UTC
2025-12-23T09:16:41Z
Projects
—
Commodities
rare_earths
Open original source ↗
Amargosa Bauxite Project Scoping StudyStudy · LowExtracted

Amargosa bauxite scoping study (11 December 2025): 5.1 Mtpa direct-ship bauxite concept (+/-35 percent accuracy), first-quartile cost position per CM Group; project was subsequently demerged into Alurion and is context only.

Document ID
amargosa_scoping_20251211
Published UTC
2025-12-10T21:44:08Z
Projects
—
Commodities
bauxite
Open original source ↗
September 2025 Quarterly Report and Appendix 5BResults · LowExtracted

September 2025 quarterly report and Appendix 5B (28 October 2025): cash A$57.1m before the A$120m placement settled, operating outflow A$8.5m.

Document ID
q_sep2025
Published UTC
2025-10-27T21:23:44Z
Projects
monte_alto_camacari · sulista
Commodities
rare_earths
Open original source ↗
BRE raises $120m to accelerate rare earths developmentFinancing · HighExtracted

A$120m placement of 25.6m new shares at A$4.68 (6.4 percent discount to the A$5.00 close, nil discount to the 5-day VWAP), Petra Capital and Canaccord Genuity as joint lead managers; settled 21 October and issued 22 October 2025.

Document ID
placement_20251014
Published UTC
2025-10-13T22:03:02Z
Projects
—
Commodities
rare_earths
Open original source ↗
BRE and Carester sign 10-year Heavy Rare Earth Offtake and Partnership (AAP/GlobeNewswire copy of the 9 October 2025 ASX release)Economic Arrangement · HighPartial

Binding 10-year heavy rare earth offtake: Carester buys BRE heavy rare earth concentrate at market-linked prices (no price floor or formula disclosed) up to 150 tpa of contained dysprosium and terbium, for separation at its Caremag plant in France; plus an engineering and technical services agreement for the Camacari separation refinery running to December 2031. The original ASX PDF is not in the local package; this remote copy is used for terms the 2025 annual report and 2026 scoping study omit.

Document ID
carester_offtake_20251009
Published UTC
2025-10-09T00:00:00Z
Projects
monte_alto_camacari
Commodities
rare_earths
Open original source ↗
Amargosa Bauxite-Gallium - 568 Mt Maiden Mineral ResourceResource Update · LowExtracted

Amargosa Bauxite-Gallium maiden Mineral Resource (3 October 2025): 568 Mt at 29.8 percent total available alumina including 98 Mt direct-ship at 41.9 percent, 27.1 million kg contained gallium. The project was demerged into Alurion Resources in July 2026 and is not part of BRE value beyond its 16 percent Alurion holding.

Document ID
amargosa_mre_20251003
Published UTC
2025-10-03T00:40:06Z
Projects
—
Commodities
bauxite
Open original source ↗
June 2025 Quarterly Report and Appendix 5BResults · LowExtracted

June 2025 quarterly report and Appendix 5B (29 July 2025): cash A$67.3m, operating outflow A$7.3m.

Document ID
q_jun2025
Published UTC
2025-07-28T23:15:53Z
Projects
monte_alto_camacari
Commodities
rare_earths
Open original source ↗
March 2025 Quarterly Report and Appendix 5BResults · LowExtracted

March 2025 quarterly report and Appendix 5B (29 April 2025): cash A$75.4m, operating outflow A$6.5m.

Document ID
q_mar2025
Published UTC
2025-04-28T22:23:31Z
Projects
monte_alto_camacari
Commodities
rare_earths
Open original source ↗
Annual Report to shareholdersResults · MediumExtracted

Annual report for the year to 31 December 2024 (lodged 31 March 2025): used for the June 2024 A$80m placement and FY2024 comparatives; FY2024 figures are quoted in their restated form from the FY2025 annual report.

Document ID
ar_2024
Published UTC
2025-03-31T05:32:55Z
Projects
monte_alto_camacari
Commodities
rare_earths
Open original source ↗
December 2024 Quarterly Report and Appendix 5BResults · LowExtracted

December 2024 quarterly report and Appendix 5B (29 January 2025): cash A$81.7m on the then cash-plus-deposits classification, operating outflow A$7.2m.

Document ID
q_dec2024
Published UTC
2025-01-28T22:40:46Z
Projects
monte_alto_camacari
Commodities
rare_earths
Open original source ↗
Executive Team ChangesLeadership · LowExtracted

Executive team changes (17 September 2024): Renato Gonzaga appointed Group CFO, Jonathan Hart appointed Company Secretary, replacing Stephen Kelly.

Document ID
exec_changes_20240917
Published UTC
2024-09-16T23:11:31Z
Projects
—
Commodities
rare_earths
Open original source ↗
Evidence facts79
f-ref-closeASX close 30 Oct 2026

1.875 AUD/share

2026-10-30
f-ref-volVolume on 30 Oct 2026

1041810 shares

2026-10-30
f-peer-lycLYC market capitalisation at 30 Oct 2026 (approximate)

11766000000 AUD

2026-10-30
f-snap-hi52-week high close

6.61 AUD/share

2026-10-30
f-snap-lo52-week low close

1.725 AUD/share

2026-10-30
f-snap-r1212-month price return

-0.6528 fraction

2026-10-30
f-snap-adtv20-day average traded value

3592053 AUD

2026-10-30
f-snap-fxAUD per USD

1.4236 AUD/USD

2026-10-30
f-q3-cashCash and cash equivalents at 30 Sep 2026

121834000 AUD

2026-09-30
f-q3-opcfNet cash used in operating activities, September 2026 quarter

-14293000 AUD

2026-09-30
f-q3-explorExploration and evaluation payments in the quarter

13088000 AUD

2026-09-30
f-q3-runwayEstimated quarters of funding available per Appendix 5B

8.5 quarters

2026-09-30
f-q3-alurionAlurion shares retained by BRE

39000000 shares

2026-09-30
f-hy-cashCash and cash equivalents at 30 Jun 2026

134400000 AUD

2026-06-30
f-hy-lossLoss for the half-year

-39565000 AUD

2026-06-30
f-hy-equityTotal equity at 30 Jun 2026

133812000 AUD

2026-06-30
f-hy-sharesOrdinary shares on issue at 30 Jun 2026

280153716 shares

2026-06-30
f-hy-optsUnlisted zero-price options on issue at 30 Jun 2026 (excluding Alurion options)

8728828 options

2026-06-30
f-su-npvAfter-tax NPV8 at 30 June 2029, Argus EU/US case

6000000000 USD

2026-08-18
f-su-irrAfter-tax IRR

90 percent

2026-08-18
f-su-capexTotal capex to first production incl. 30 percent contingency

969000000 USD

2026-08-18
f-su-defcapexDeferred development capital

57000000 USD

2026-08-18
f-su-revAverage annual revenue, life of mine

1687000000 USD

2026-08-18
f-su-ebitdaAverage annual EBITDA, life of mine

1397000000 USD

2026-08-18
f-su-opexAverage annual cash operating costs

214000000 USD

2026-08-18
f-su-taxEffective corporate income tax rate (SUDENE reduction)

15.25 percent

2026-08-18
f-su-ndprNdPr oxide LOM average annual production

5661 t/yr

2026-08-18
f-su-priceArgus EU/US long-term NdPr oxide price

136 USD/kg

2026-08-18
f-su-spotArgus EU spot NdPr oxide price at 12 Aug 2026

110 USD/kg

2026-08-12
f-su-lifeMine life

9 years

2026-08-18
f-su-feasibilityIntended study accuracy

40 percent

2026-08-18
f-su-fundingFunding likely required

969000000 USD

2026-08-18
f-0813-ma-indMonte Alto primary Indicated tonnes and TREO grade

2510000 t

2026-02-22
f-0813-ma-totMonte Alto primary total tonnes and TREO grade

3400000 t

2026-02-22
f-0813-su-totSulista East total tonnes and TREO grade

8180000 t

2026-03-26
f-0813-100pctBRE holds or has contracted to acquire a 100 percent interest in the tenements

100 percent

2026-08-13
f-3h-sharesOrdinary shares on issue after cancellation

276153716 shares

2026-08-11
f-3h-cancelShares cancelled under selective buy-back

4000000 shares

2026-08-11
f-3c-beforeShares on issue before buy-back

280153716 shares

2026-08-11
f-3c-priceBuy-back price per share

0.00025 AUD

2026-08-11
f-iea-shareChina share of magnet rare earth refining

84 percent

2025-12-31
f-iea-delayChina export-control enforcement postponed until

2026-11-10 date

2026-11-10
f-alu-sharesAlurion shares held by BRE

39025413 shares

2026-07-24
f-alu-pctBRE voting power in Alurion

16.01 percent

2026-07-24
f-q2-cashCash and cash equivalents at 30 Jun 2026

135093000 AUD

2026-06-30
f-q2-opcfNet cash used in operating activities, June 2026 quarter

-13402000 AUD

2026-06-30
f-mtg-forVotes in favour of the demerger resolution

99.92 percent

2026-07-10
f-dem-ratioAlurion shares distributed per BRE share

0.5607 ratio

2026-07-24
f-dem-escrowASX escrow on BRE Alurion holding

24 months

2026-07-29
f-q1-cashCash and cash equivalents at 31 Mar 2026

147151000 AUD

2026-03-31
f-q1-opcfNet cash used in operating activities, March 2026 quarter

-11137000 AUD

2026-03-31
f-sub-dvBernardo da Veiga holding at 9 April 2026

13980345 shares

2026-04-09
f-3y-dv-convShares acquired on option conversion (Bernardo da Veiga)

1236028 shares

2026-04-09
f-ar-cashCash and cash equivalents at 31 Dec 2025

136902535 AUD

2025-12-31
f-ar-npatLoss for the year 2025

-42063310 AUD

2025-12-31
f-ar-ocfNet cash used in operating activities 2025

-31730745 AUD

2025-12-31
f-ar-sharesOrdinary shares at 31 Dec 2025

274626572 shares

2025-12-31
f-ar-shares24Ordinary shares at 31 Dec 2024

246538695 shares

2024-12-31
f-ar-royaltyBRC gross revenue royalty over 32 tenements

2.5 percent

2025-12-31
f-q4-cashCash and cash equivalents at 31 Dec 2025

136903000 AUD

2025-12-31
f-q4-opcfNet cash used in operating activities, December 2025 quarter

-10855000 AUD

2025-12-31
f-cfo-dateCFO appointment effective date

2026-01-05 date

2026-01-05
f-3y-dv-disposedShares disposed by off-market transfer (Bernardo da Veiga)

6372158 shares

2025-12-23
f-amg-accAmargosa scoping study intended accuracy

35 percent

2025-12-11
f-q3a-cashCash and cash equivalents at 30 Sep 2025

57065000 AUD

2025-09-30
f-q3a-opcfNet cash used in operating activities, September 2025 quarter

-8469000 AUD

2025-09-30
f-pl-amountPlacement gross proceeds

120000000 AUD

2025-10-14
f-pl-pricePlacement issue price

4.68 AUD/share

2025-10-14
f-car-capCarester maximum contained DyTb purchase

150 tpa

2025-10-09
f-car-termCarester initial offtake term

10 years

2025-10-09
f-amg-mreAmargosa total Mineral Resource (Indicated + Inferred)

568 Mt

2025-10-03
f-q2a-cashCash and cash equivalents at 30 Jun 2025

67332000 AUD

2025-06-30
f-q2a-opcfNet cash used in operating activities, June 2025 quarter

-7251000 AUD

2025-06-30
f-q1a-cashCash and cash equivalents at 31 Mar 2025

75353000 AUD

2025-03-31
f-q1a-opcfNet cash used in operating activities, March 2025 quarter

-6471000 AUD

2025-03-31
f-ar24-placementJune 2024 placement proceeds

80000003 AUD

2024-12-31
f-q4a-cashCash and cash equivalents at 31 Dec 2024 (pre-restatement basis incl. deposits)

81686000 AUD

2024-12-31
f-q4a-opcfNet cash used in operating activities, December 2024 quarter

-7178000 AUD

2024-12-31
f-exec-hartCompany Secretary appointed

Jonathan Hart name

2024-09-17
Conflicts requiring judgment2
  • ordinary shares on issue

    The interim report states 280,153,716 shares at 30 June 2026; the Appendix 3H shows 4,000,000 shares cancelled on 11 August 2026, so 276,153,716 is the latest count.

  • Production target and NPV

    The 18 August 2026 update retracts the 13 August production target and forecast financial information; only the update (Monte Alto + Camacari, Sulista excluded) and the unretracted Mineral Resource estimates are used.