🔥 Friday 27 June 2025 Fri, 27 June 2025

Santos Limited has entered a process deed granting XRG Consortium exclusive rights to pursue a potential A$8.89 per share cash takeover offer, setting the stage for a pivotal chapter in the oil and gas sector.

MotorCycle Holdings Limited (ASX, MTO) has agreed to acquire Peter Stevens Motorcycles and Harley Heaven, expanding its footprint across Australia with 15 new dealerships and enhancing its digital retail capabilities.

Inventis Limited has placed its commercial furniture division into voluntary administration, triggering a default event with its lender and prompting negotiations on financial restructuring.

Microba Life Sciences has announced a $14.5 million capital raising, including a $2 million fully underwritten Securities Purchase Plan (SPP) and a $12.5 million Placement, aimed at fast-tracking commercialisation of its microbiome diagnostic tests in Australia and the UK.

Epsilon Healthcare and its subsidiaries have officially exited voluntary administration and Deeds of Company Arrangement, marking a pivotal recovery milestone supported by significant personal commitments from the new board. The company now shifts focus to strategic growth and rebuilding trust.

Blackstone Minerals has completed its acquisition of IDM International, issuing over 692 million shares and 83 million options, significantly expanding its copper-gold portfolio with the Mankayan project in the Philippines.

Koonenberry Gold’s joint venture with Newmont has delivered promising air core drilling results at the Junee Project, expanding known gold and copper mineralisation zones, while Fairholme JV results highlight porphyry system potential despite no significant assays.

NeuroScientific Biopharmaceuticals has completed its acquisition of StemSmart stem cell technology, setting the stage for a focused clinical push in treating fistulising Crohn’s disease. The company also refreshed its board and raised $7.5 million to support this next phase.

Uvre Limited reports standout rock chip assays up to 18.4g/t gold from its pending acquisition of Otagold Ltd, setting the stage for a maiden drilling campaign at the Waitekauri project near OceanaGold’s Waihi mine.

BWP Trust proposes to internalise its management by acquiring BWPM from Wesfarmers for $142.6 million, restructure 62 Bunnings leases to extend lease terms and options, and commit $86 million to capital upgrades. The transaction is forecast to be accretive to FY2026 distributions and requires investor approval.

BWP Trust and Wesfarmers have agreed on a transformative $142.6 million transaction involving management internalisation, lease extensions with Bunnings, and capital commitments to upgrade stores, aiming to boost income certainty and distribution growth.

PYC Therapeutics has announced promising pre-clinical results for its RNA-based drug candidate PYC-002, targeting the genetic root of Phelan-McDermid Syndrome, with clinical trials expected to begin in 2026.

Following its merger with IDM International, Blackstone Minerals announces key board and management changes to spearhead development of the Mankayan Copper-Gold Project in the Philippines.

ALS Limited reported a robust FY25 with 16% revenue growth to AUD 3 billion, underpinned by strong organic expansion and key acquisitions. Despite slight NPAT decline, the company advances its sustainability agenda and invests in global lab upgrades.

Orthocell has marked a pivotal milestone with the first US surgical use of its Remplir™ nerve repair device following FDA clearance, setting the stage for commercial expansion in a $1.6 billion market.

Mandalay Resources Corporation has agreed to a plan of arrangement to be acquired by Alkane Resources Limited through its wholly owned subsidiary. Mandalay shareholders will receive 7.875 Alkane shares for each Mandalay share held, creating a combined gold and antimony producer with a strong balance sheet and diversified operations across Australia and Sweden.

Aurum Resources has launched a 30,000m diamond drilling campaign at its Napié Gold Project alongside an aggressive 100,000m program at Boundiali, aiming to boost its combined 2.5Moz gold resource with key updates and a Pre-Feasibility Study due by year-end.

Sunrise Energy Metals has reported promising assay results from its latest drilling campaign at the Syerston Scandium Project, revealing multiple new zones of high-grade scandium mineralisation. These findings come as global scandium supply tightens following recent Chinese export restrictions.

Alkane Resources has secured key regulatory approvals from FIRB and ASIC, paving the way for its planned merger with Mandalay Resources. This milestone brings the companies closer to creating a diversified Australian gold and antimony producer.

Critical Resources Limited has unveiled final assay results from its 2024 drilling campaign at the Mavis Lake Lithium Project, revealing high-grade spodumene mineralisation beyond its current resource estimate and highlighting significant expansion potential.

Sprintex secures a key deposit from Mest Water to develop new compressors for mobile manure processing systems, leveraging a Dutch government subsidy aimed at thousands of small farms.

Larvotto Resources has obtained formal approval from NSW authorities for a key development modification at its Hillgrove Antimony-Gold Mine, clearing the way for a 2026 production restart backed by strong market fundamentals.

Central Asia Metals has increased its takeover offer for New World Resources to A$0.062 per share after acquiring a significant stake, valuing the company at around A$230 million.

Chilwa Minerals has reported strong assay results from its Bimbi deposit, reinforcing the quality of its heavy mineral sands and setting the stage for an updated Mineral Resource Estimate by the end of June 2025.