🔥 Thursday 29 May 2025 Thu, 29 May 2025
47 Big Stories
Select Harvests Boosts Profit on Rising Almond Prices and $240m Debt Refinance
Select Harvests Limited reported a robust half-year FY2025 profit, driven by a 37.6% jump in almond prices and strategic debt refinancing. Despite a slightly reduced crop volume, the company’s outlook remains positive amid strong global demand.
29 May
Ada Torres
Green360 Unveils Low-Carbon Cement from Red Mud with Strong Environmental Gains
Green360 Technologies has developed a proprietary low-carbon cement blend using red mud and kaolin, achieving significant reductions in hazardous leachates and competitive strength performance. The company is poised to begin commercial-scale validation with JV partner PERMAcast.
29 May
Maxwell Dee
Select Harvests Posts $28.7M Profit Amid Strong Almond Prices and Debt Refinancing
Select Harvests Limited has reported a remarkable turnaround with a $28.7 million profit in the first half of FY2025, buoyed by higher almond prices and improved operational efficiency. The company also secured $240 million in refinancing, positioning itself for future growth despite a slightly reduced almond crop forecast.
29 May
Ada Torres
Brazilian Rare Earths Unveils Ultra-High-Grade Sulista Discovery with Outcrop Ridge Expansion
Brazilian Rare Earths Limited has confirmed an ultra-high-grade rare earth deposit at its Sulista Project in Brazil, highlighted by exceptional drill results and a new Outcrop Ridge discovery signaling district-scale potential.
29 May
Maxwell Dee
Select Harvests Surges to $28.7M Profit on Strong Almond Crop Outlook
Select Harvests Limited has reported a remarkable turnaround with a $28.7 million net profit for the half-year ended March 2025, driven by higher almond prices and operational gains. The company forecasts a solid 2025 crop and has renewed a $240 million syndicated debt facility.
29 May
Ada Torres
iTech Minerals Uncovers Expanded Gold-Antimony Potential at Sabre Prospect
iTech Minerals has reinterpreted historical drilling data at its Sabre Gold-Antimony Prospect in the Northern Territory, expanding the known mineralised strike length from 500m to over 800m and identifying significant new drill targets.
29 May
Maxwell Dee
Estrella Resources Launches Timor-Leste’s Historic First Metallic Minerals Drill Program
Estrella Resources has initiated Timor-Leste’s inaugural modern metallic minerals drilling campaign, targeting manganese at the Ira Miri Prospect. This milestone marks a new chapter in the country’s mineral exploration history.
29 May
Maxwell Dee
Invion’s INV043 Shows Safety and Early Promise in Skin Cancer Trial
Invion Limited reports no adverse events and early lesion reduction in its Phase I/II non-melanoma skin cancer trial, advancing to dose optimization.
29 May
Ada Torres
Tesoro Gold Uncovers New Gold Zones Beyond Ternera Boundary
Tesoro Gold has reported significant new gold mineralisation outside the current Ternera deposit boundary at its El Zorro project in Chile, reinforcing prospects for resource expansion. Ongoing drilling continues to delineate promising zones that could boost the upcoming Mineral Resource Estimate.
29 May
Maxwell Dee
Aroa Biosurgery Surpasses FY25 Revenue Targets with Positive EBITDA Momentum
Aroa Biosurgery has reported FY25 results that exceed revenue guidance and deliver a positive normalised EBITDA, setting the stage for ambitious growth and reimbursement expansion in FY26.
29 May
Ada Torres
Aroa Biosurgery Surpasses FY25 Targets with Strong Revenue and Profit Turnaround
Aroa Biosurgery has reported a robust 23% revenue increase in FY25, achieving profitability and positive cash flow, setting the stage for continued growth in FY26.
29 May
Ada Torres
Metrics Master Income Trust Raises $315M in Fully Underwritten Wholesale Placement
Metrics Master Income Trust (ASX:MXT) has launched a fully underwritten wholesale placement to raise up to A$315 million, aiming to fund portfolio growth and diversification. The placement, priced at A$2.00 per unit, will see new units issued and trading commence in early June 2025.
29 May
Victor Sage
Develop Advances Sulphur Springs Underground Works Ahead of Updated DFS
Develop has initiated significant underground and surface infrastructure works at its Sulphur Springs zinc-copper project in Western Australia, setting the stage for an updated feasibility study and de-risking the project’s development.
29 May
Maxwell Dee
Nordic Resources Boosts Gold Inventory by 147,000oz at Kiimala Project
Nordic Resources has validated a significant new indicated gold resource at the Kiimala Trend in Finland, lifting its total gold equivalent inventory close to 1 million ounces. This milestone follows the pending acquisition of three Finnish gold projects from Northgold AB.
29 May
Maxwell Dee
Euro Manganese Secures C$11.2M to Advance Key European Battery Project
Euro Manganese has successfully closed a C$11.2 million financing round, attracting heavyweight investors including the European Bank for Reconstruction and Development and Eric Sprott. The funds will accelerate development of its Chvaletice Manganese Project, a critical European source of battery-grade manganese.
29 May
Maxwell Dee
Meeka Metals Uncovers New Shallow High-Grade Gold Zone at Turnberry
Meeka Metals reports strong drilling results at Turnberry Central, extending the Stage 1 oxide open pit by up to 200 metres south and suggesting a significant boost to gold reserves and production plans.
29 May
Maxwell Dee
KalGold Secures 75% Stake in Pinjin, Poised for Major Gold Discoveries
Kalgoorlie Gold Mining Limited has completed its farm-in at the Pinjin Gold Project, securing a 75% interest and surpassing key milestones with over 75,000 ounces of near-surface gold defined. This positions the company to accelerate exploration in the underexplored Laverton Tectonic Zone.
29 May
Maxwell Dee
St Barbara Unveils 15-Mile Hub Plan: 106koz Gold Annually with Leaner Footprint
St Barbara’s Concept Study confirms a 3 Mtpa processing hub in Nova Scotia, integrating Cochrane Hill with existing deposits to deliver stable, long-life gold production and strong economics while significantly reducing environmental impact.
29 May
Maxwell Dee
Aston Minerals and Torque Metals Merger Scheme Now Effective, Trading Suspended
The court has approved the merger scheme between Aston Minerals and Torque Metals, making it legally effective and suspending Aston’s trading. Shareholders will soon receive Torque shares in exchange for their Aston holdings.
29 May
Maxwell Dee
Hot Chili Unveils New Porphyry Cluster Potential Near La Verde Discovery
Hot Chili Limited has identified multiple new porphyry copper-gold targets adjacent to its La Verde discovery in Chile, signaling a potential district-scale mineral system. The company plans to advance exploration with phase-two drilling targeting these promising blind deposits.
29 May
Maxwell Dee
Champion Iron Posts Record Q4 Sales Amid DRPF Project Progress
Champion Iron Limited reported record quarterly sales and strong earnings in FY2025 Q4, while advancing its DRPF project on schedule and declaring its eighth consecutive dividend.
29 May
Maxwell Dee
ikeGPS Surges on 34% Subscription Growth, Eyes EBITDA Break-Even in FY26
ikeGPS Group Limited (IKE) reported a robust FY25 with 19% revenue growth driven by subscription gains and improved margins, setting the stage for EBITDA break-even in FY26 H2 amid strong North American market demand.
29 May
Sophie Babbage
ikeGPS Surges 48% in Subscription Revenue, Rejects $1/Share Takeover Bid
ikeGPS Group Limited reported a robust 48% growth in annual subscription revenue exit run rate for FY25, alongside improved margins and a narrowed EBITDA loss. Despite a lucrative NZ$1 per share acquisition approach, the company declined the offer, confident in its growth trajectory.
29 May
Sophie Babbage