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Breaking news and real-time updates from the ASX small-cap market

Weekly wrap: market records and a 3.5% week show Australia enjoying its time in the sun
ASX closes down slightly after a 3.5% weekly rally to new highs, as AI jitters and Iran tensions keep investors wary.

AVITA Medical Lifts Guidance as Record Quarter Brings Cash Flow Breakeven into View
AVITA Medical lifts 2026 revenue guidance after record Q2 US$21.7m; eyes cash-flow breakeven in Q4 as RECELL-led growth broadens international reach.

Connected Minerals Moves Bailundo Carbonatite Project into Resource Drilling Phase
Connected Minerals kicks off ~6,000m RC/DD drilling at Bailundo carbonatite to test niobium and REE targets ahead of a maiden resource.

De.mem Targets Record CY2026 Results after 1H Cash Flow Turnaround
De.mem eyes CY2026 record after 1H cash flow turnaround; $20m receipts, $0.93m op cash, 90%+ recurring revenue.

Invictus Energy Locks in Exalo Rig for November Spudding of Musuma-1 Well
Invictus Energy locks Exalo rig for Musuma-1 spud in Nov 2026, targeting ~1.2 Tcf gas and 73m bbl condensate; full execution phase underway in Zimbabwe.

Austral Resources Australia Receives QIC Royalty Financing to Plan Rocklands Expansion
Austral Resources secures $15m QCMF royalty for Stage 2 Rocklands expansion, targeting 4.5-6 Mtpa copper; non-dilutive funding preserves equity.

AIC Mines Intersects High-Grade Gold at Eloise South and Defines 1.5km Iris Copper Zone
AIC Mines hits high-grade gold at Eloise South, expands 1.5km Iris copper zone near Eloise mine; 12m @1.0%Cu & 0.3g/t Au; 3.2m @92.5g/t Au incl 1.2m @249g/t Au.

Mount Ridley Mines Confirms Rare Earths Hosted in Discrete Phospates at Grass Patch Complex
Mount Ridley Mines reports Grass Patch REEs hosted in discrete phosphate minerals; TIMA finds xenotime, flotation could boost concentrate before leaching.

EV Resources Signs First Binding Ore Supply Agreement for Tecomatlán Processing Plant
EV Resources signs first five-year binding ore-supply for Tecomatlán, advancing regional antimony hub and proof-of-concept production.

Alligator Energy Targets 2030-31 Samphire Uranium Production after Completing FRT
Alligator Energy targets 2030–31 Samphire uranium production after FRT completion and MRE expansion to 30Mlb, with FS mid-2027 and funding 2027/28.

Alliance Aviation Services Secures Higher Pricing and Reshapes Fleet as Part of New Qantas Deal
Alliance Aviation inks revised Qantas wet-lease deal: higher pricing from July 2026, fleet trimmed to 23 aircraft in FY27, boosting profit and cash flow.

Barton Gold Completes Phase 2 Upgrade Drilling at Tunkillia Project
Barton Gold completes Phase 2 upgrade drilling at Tunkillia, boosting resource estimates; 365koz gold and $1.75b free cash in 27 months; PFS due 2027.