Latest Mergers And Acquisitions News

Austal Limited has addressed ASX concerns over its half-year financial report, confirming compliance with accounting standards despite a qualified audit opinion linked to US Department of Defense contractual relief revenue.

EVE Health Group has increased its placement funding to $1.3 million, backed by a cornerstone investor with pharmaceutical expertise, advancing its reformulated drug programs targeting billion-dollar global markets.

Lion Selection Group Limited has reported a robust half-year profit of $36.6 million, driven by strategic investments in Australian mining companies amid a resurging resources boom. The company also declared a fully franked dividend, signalling confidence in its portfolio and market outlook.

Magnetic Resources NL is set to be acquired by Genesis Minerals Limited, with outstanding options cancelled for cash following an ASX waiver. Performance rights will vest and be exercised prior to the scheme’s record date.

Reward Minerals has executed a binding agreement to acquire the Mountain Pond Gold Project in Newfoundland, featuring high-grade gold and copper assays and no prior drilling. The company plans to commence drill testing in the 2026 field season.

DUG Technology has resolved a US$2.1 million legal dispute with a supplier by agreeing to a US$1.5 million settlement, avoiding further court action without admitting liability.

The Takeovers Panel has declared unacceptable circumstances in Humm Group's handling of Credit Corp's takeover proposal, citing misleading disclosures and insider share acquisitions that cloud market fairness.

First Au Limited has secured a binding agreement to acquire the Barlee Gold Project in Western Australia, significantly enlarging its exploration portfolio in a historically productive yet underexplored greenstone belt.

Hillgrove Resources has reported significant new copper-gold mineralisation at its Kanmantoo Copper Mine, with drilling confirming extensions at Nugent and Nugent East. Development progress and positive cash flow underpin ambitious production targets.

Adelong Gold Limited has received a $1.17 million tax indemnity claim linked to alleged fraudulent GST reporting at Challenger Mines, which it plans to dispute. The claim stems from activities predating the current management team.

Gorilla Gold has reported high-grade gold intersections well beyond its existing Mulwarrie resource, revealing significant potential for resource expansion and a broader exploration footprint across a 30km corridor.

Broken Hill Mines reveals a large, continuous zone of exceptionally high-grade silver-lead-zinc mineralisation at its Pinnacles Mine, with grades soaring up to 1,556g/t AgEq. The discovery bolsters plans for accelerated underground development alongside near-term open pit operations.