Key Highlights

  • Avira said on 22 September 2026 that its contractor was mobilising to resume drilling at Mt Cattlin, with a maiden Mineral Resource Estimate targeted for the December quarter of 2026.
  • Reported assays included 7 metres at 6.11 grams per tonne gold from 105 metres in hole RAGC116.
  • Cash was A$1.452 million at the end of the June 2026 quarter, with roughly 3.9 quarters of funding estimated by the company.

Avira Resources (ASX:AVW) is a Perth-based explorer whose focus has shifted to the Mt Cattlin gold project near Ravensthorpe in Western Australia. Wet weather suspended drilling during winter, and on 22 September 2026 the company said its contractor was mobilising to resume, with a maiden Mineral Resource Estimate targeted for the December quarter of 2026.

Company profile and stage

Avira is a pre-revenue explorer. Its recent announcements concentrate on gold at Mt Cattlin, with secondary work at Tangadee in Western Australia. In the June 2026 quarter, it decided not to proceed with Stage 3 of the earn-in at the Puolalaki project in Sweden, which reduces its interest from 100 per cent to 49 per cent. No JORC resource has been stated for Mt Cattlin, and the maiden estimate is a target rather than a result.

Mt Cattlin drilling

Avira's first reverse circulation (RC) programme at Mt Cattlin is approved for 37 holes and 4,500 metres. By its 22 September announcement, 18 holes totalling 1,910 metres had been completed at Maori Queen and Plantagenet. The company reported assays on 6 and 13 August 2026, including 7 metres at 6.11 grams per tonne gold from 105 metres in hole RAGC116 (with 2 metres at 15.1 g/t), and 8 metres at 2.77 g/t from 16 metres in RAGC102 at Plantagenet. It said mineralisation is confirmed over 650 metres of strike at Maori Queen and remains open at depth.

The remainder of the programme begins with first-pass drilling at Sirdar and Ellendale, which Avira has not drilled before, and down-dip extensions at Maori Queen. Historical intercepts in those areas, such as 1 metre at 131.24 g/t gold at Sirdar, were drilled by earlier operators and are not Avira results. The company said assays would be released progressively, without giving a firm date. Andrew van Bentum became chief executive on 1 July 2026.

Cash, burn and funding

The Quarterly Report for the June 2026 quarter, released on 28 July 2026, showed cash of A$1.452 million, down from A$1.827 million, with a net operating outflow of A$114,000 and exploration spending of about A$266,000. The company estimated roughly 3.9 quarters of funding at current outgoings, had no Debt and raised no Equity during the quarter.

The FY2026 annual report, dated 30 September 2026, shows a loss of A$986,980 and year-end cash of A$1,451,619. The directors say they expect to raise funds through a Placement and have agreed to provide Working Capital if a raise is delayed; the report acknowledges that, without further capital, there is a material uncertainty about the company's ability to continue as a going concern. No placement has been announced, though any future raising could dilute holders. Shares on issue were 575 million in August, with about 270.8 million quoted Options exercisable at A$0.015 until 30 June 2027.

Sector context and risks

Gold exploration is competitive, and a maiden resource requires sufficient drilling density and acceptable continuity of mineralisation. Risks for Avira include further weather disruption, the grade variability typical of high-grade gold systems, the modest size of its drilling programme and the need to fund resource work.

What's Next

The company said drilling would resume in late September, with a maiden resource estimate targeted for the fourth quarter of 2026. Assays from Sirdar, Ellendale and the Maori Queen extensions are to be released progressively, and the Annual General Meeting is scheduled for 19 November 2026.