🔥 Tuesday 5 August 2025 Tue, 5 Aug 2025

Pinnacle Investment Management Group delivered a robust FY2025 with a 49% rise in net profit and a 63% jump in funds under management, driven by strategic international growth and strong affiliate performance.

Pinnacle Investment Management Group Limited has delivered a robust financial performance for FY2025, with revenues and profits soaring and dividends increasing, signaling strong momentum in the asset management sector.

Manuka Resources has confirmed a maiden Probable Ore Reserve of 290,000 tonnes at 4.2g/t gold for its Mt Boppy Open Pit, adding approximately 39,000 ounces to its Cobar Basin production plan. The project delivers a robust pre-tax NPV8 of A$43.2 million and an IRR of 64%, with ore to be processed at the existing Wonawinta plant.

Centuria Capital Group has acquired a 32-hectare industrial estate in Port Adelaide at a significant discount, launching Australia's largest single-asset unlisted industrial fund with strong occupancy and growth prospects.

Beacon Minerals has updated the Laterite Mineral Resource at its Iguana Deposit, reporting 1.2 million tonnes at 0.92 g/t gold for 36,000 ounces. This upgrade enhances confidence in the Lady Ida Project’s near-surface gold potential ahead of an ore reserve estimate expected next year.

Eastern Metals has agreed to sell its Browns Reef Project tenements to Australian Gold and Copper, offering shareholders an immediate benefit and ongoing exposure through share distribution.

Australian Gold and Copper Ltd (AGC) has agreed to acquire the Browns Reef Project from Eastern Metals, significantly enlarging its South Cobar tenure and advancing its silver-gold exploration ambitions.

Australian Gold and Copper Ltd has secured a binding agreement to acquire the Browns Reef Project from Eastern Metals, significantly expanding its South Cobar exploration footprint in NSW with promising historic drilling results.

FMR Resources has completed due diligence and a $2.2 million placement to earn a majority interest in Southern Hemisphere Mining’s Llahuin Copper-Gold Project, setting the stage for drilling at a promising porphyry target later this year.

Brightstar Resources has unveiled a robust multi-hub expansion strategy in Western Australia, boosted by its strategic acquisition of Aurumin Limited. The company targets a significant production increase to 200,000 ounces of gold annually by 2029.

Vitrafy Life Sciences reported a 75% increase in FY25 sales driven by aquaculture and human health sectors, progressing its cryopreservation technology towards commercialisation in both unregulated and regulated markets in FY26.

Koonenberry Gold Limited reveals promising high-grade gold intercepts at its Enmore Project in NSW and announces a fully funded 10,000m Phase II drilling program to expand its discovery pipeline.

Northern Star Resources updates its Ore Reserves and Mineral Resources following the acquisition of De Grey Mining, adding the Hemi project to its portfolio, while confirming steady progress on the KCGM Mill Expansion.

Koonenberry Gold has successfully mapped the Sunnyside Shear Zone at its Enmore Gold Project using advanced geophysical surveys, identifying six high-priority drill targets. The company is set to commence a fully funded +10,000m drilling program in late August to test these promising extensions.

Ballymore Resources has raised $4.5 million through a well-supported placement to accelerate exploration and development across its North Queensland projects, including the promising Dittmer gold deposit.

S&P Global Ratings has assigned TPG Telecom a BBB credit rating with a negative outlook, reflecting uncertainties around its capital reinvestment and debt reduction plans following a major asset sale to Vocus Group.

WAM Alternative Assets Limited has announced a 15.4% increase in its fully franked final dividend for FY2025, reflecting robust portfolio gains and a confident outlook under Wilson Asset Management's stewardship.

Altair Minerals has entered a binding agreement to acquire up to 70% of the Greater Oko Project in Guyana, positioning itself as a leading gold explorer in a rapidly emerging district adjacent to major discoveries.

Variscan Mines has successfully raised A$2.5 million through a two-tranche placement to advance its high-grade zinc projects in Spain and pursue a strategic earn-in on promising zinc assets in Ireland.

Silver Mines Limited has raised $33 million through a $30 million placement and a $3 million share purchase plan, bolstering its development and exploration ambitions in Australia and the US.

Alara Resources has been awarded a mining license for the Daris 3A5 prospect in Oman, marking a key step in developing its second copper operation in the country. Historical drilling confirms high-grade copper mineralisation, with further exploration and planning underway.

Aeris Resources has outlined its FY26 production targets, aiming for a 40-49kt copper equivalent output while advancing key projects and planning asset divestments to strengthen its balance sheet.

Horseshoe Metals advances its Horseshoe Lights copper-gold project with mining approval secured, site mobilization underway, and new drilling planned to expand resources.

D3 Energy’s latest re-test of the RBD10 well in South Africa’s ER315 permit shows a remarkable 38% increase in gas flow, underscoring unique reservoir dynamics that could lower development costs.