🔥 Thursday 23 April 2026 Thu, 23 Apr 2026

Qube Holdings Limited is set for a $9.3 billion cash takeover by a Macquarie-led consortium, with court approval granted to convene shareholder meetings in June. The scheme offers shareholders a 28% premium and is backed by an independent expert's fair and reasonable opinion.

Tesoro Gold has reported standout deep drilling results at its Ternera Deposit, confirming mineralisation well beyond previous open pit limits, while fast-tracking its El Zorro project into a Definitive Feasibility Study aiming for completion by year-end.

Energy Fuels has secured Foreign Investment Review Board approval to acquire Australian Strategic Materials, clearing a major regulatory hurdle. The deal now awaits shareholder and court approvals, with implementation targeted for early July.

Cambium Bio has secured FDA confirmation that a single pivotal Phase 3 trial plus confirmatory evidence will suffice for Biologics License Application submission for Elate Ocular, significantly reducing development expenses and accelerating the pathway to market.

Papyrus Australia (ASX: PPY) has secured $175,000 through a share placement alongside convertible note conversions and related party loans, aiming to fund commercialisation and fulfil a key contract for biodegradable Collar Keeper® products.

Omega Oil and Gas has secured A$60 million in a strongly oversubscribed institutional placement to fund an upgraded drilling program featuring US-standard horizontal wells and extended flow testing in Queensland’s Taroom Trough.

Resolution Minerals has raised A$20 million in a strongly supported institutional placement to accelerate exploration and development at its US Horse Heaven Project, while preparing for a NASDAQ listing to boost its US market presence.

Dreadnought Resources has obtained regulatory approval for open pit mining at its Star of Mangaroon gold project in Western Australia, advancing its strategy to become a self-funded explorer by outsourcing development and processing.

Golden Horse Minerals has reported a standout diamond drill intercept of 16m at 6.8 g/t Au with visible gold north of the historic Hopes Hill pit, extending the known mineralised strike to over 2.5km and highlighting the potential for a larger gold system. Follow-up drilling is underway as part of an aggressive 2026 program.

Arika Resources has reported a fresh wave of thick, high-grade gold intercepts at its Yundamindra Gold Project in Western Australia, reinforcing the project's potential ahead of a maiden resource estimate.

New Murchison Gold (ASX:NMG) has uncovered its deepest and highest-grade gold intercept to date below the Crown Prince open pit, underscoring significant underground mining potential at its flagship Garden Gully project.

Santos delivered a steady first quarter with production up 3% year-on-year, driven by Barossa's initial cargoes and Pikka phase 1 nearing first oil. Free cash flow held firm at $383 million, while a key Moomba optimisation project received final investment approval.

Canyon Resources has mobilised its surface miner at the Minim Martap Bauxite Project, with first production on track for Q2 2026 and full funding secured through a US$140 million credit facility and cash reserves. Leadership changes and logistics updates mark a pivotal quarter for the company.

DigitalX Limited closed the March 2026 quarter with A$59.5 million in liquid assets, unveiling a A$30 million strategic investment program and delivering record revenue from its Sell My Shares platform, signalling a pivot towards disciplined capital deployment and sustainable growth.

Burley Minerals has reignited interest in its Chubb Lithium Project in Quebec following a lithium price uptick and promising drilling results revealing both spodumene and rare pollucite mineralisation. The company is weighing strategic options including further exploration, joint ventures, or sale.

SQX Resources has wrapped up its maiden 25-hole drilling program at the Red Bird Gold Project in Arizona, revealing a larger, continuous gold system with promising high-grade near-surface mineralisation. The company’s follow-up geophysical work aims to unlock deeper and strike extensions.

First Graphene has demonstrated a significant carbon reduction in cement roof tiles through a UK production trial with FP McCann, using graphene-enhanced cement to lower emissions and material use.

Adelong Gold’s latest drilling at Lauriston validates historic gold grades at Comet and reveals an emerging antimony system at Trojan, signalling potential for a significant gold-antimony corridor in Victoria.

Aldoro Resources has achieved an exceptional ~99% strontium extraction from its Kameelburg Project ore using simple ambient-temperature acid leaching, positioning the asset as a rare, low-complexity source amid soaring global strontium prices and supply disruptions.

Barton Gold has launched a ~3,000m diamond drilling campaign at its Tunkillia project, aiming to upgrade resources and support a Mining Lease application by the end of 2026. The project builds on a strong May 2025 study projecting robust returns amid rising gold and silver prices.

Aurelia Metals has successfully extended high-grade mineralisation at its Federation Mine by approximately 70 metres and discovered a new polymetallic lens, the Harley Lens, signalling further growth potential in the Nymagee District.

XRF Scientific is set to broaden its industrial reach by acquiring Bruker’s Combustion Gas Analysis business for USD 4 million, adding a profitable product line and new market sectors.

Delta Lithium’s March quarter report highlights robust high-grade lithium drilling at Mt Ida, successful production of battery-grade lithium and rubidium carbonates, and ongoing exploration progress at Yinnetharra, supported by a strong $52 million cash position.

Litchfield Minerals has completed a 3,000m drilling campaign at Oonagalabi with assay results due in May, while surface sampling at Silver Valley reveals exceptional silver and lead grades, highlighting promising polymetallic mineralisation.