Latest Strategy Changes News

Karoon Energy has advanced a revised, phased development plan for its Neon offshore Brazil project into Front-End Engineering Design, with Phase 1 capital costs reduced to US$800-950 million. The project targets first oil in 2030, but a farm-down partner and further technical work remain prerequisites for a final investment decision.

X2M Connect has lodged a prospectus for a $3.6 million non-renounceable entitlement offer, with shareholders offered discounted shares, options and bonus shares. The raise is intended to fund technology and data centre initiatives, but the offer is not underwritten and the company warns that failure to complete it would create significant uncertainty over its ability to continue as a going concern.

Lode Resources has produced antimony cathode grading up to 99.5% in laboratory testing at its Montezuma project in Tasmania, with recoveries reaching 95%. The results support a conventional processing route, while a potential 100-tonne direct shipping ore shipment and an updated resource remain ahead.

Smartgroup reported a 31% year-on-year increase in Q3 novated leasing settlements and maintained its CY2026 NPATA guidance at $92 million to $94 million. The company is accelerating reinvestment in the second half as it builds towards a targeted mid-40s EBITDA margin in 2027.

Botala Energy has completed its A$1.35 million placement and is seeking up to a further A$1.5 million from existing shareholders at A$0.045 a share. The funds are earmarked for flow testing and production activities at the Pitse Pilot, exploration drilling and working capital.

Propel Funeral Partners says its acquisition engine remains funded after resilient first-quarter trading offset a temporary contraction in industry death volumes. Revenue and Operating EBITDA were each broadly flat year on year, while constant-currency growth was approximately 3%.

Litchfield Minerals has made a potential Harts Range partnership the centrepiece of its 2027 strategy, with BHP expected to take the project to its investment committee later this month. The explorer is also trimming holding costs, separating non-core assets and seeking a second drill-ready copper or gold project.

Count Limited has entered FY2027 with sharper earnings momentum, record funds under management and a larger acquisition pipeline after shareholders approved all AGM resolutions. The company also outlined its biggest Equity Partnership investment yet, while maintaining a higher dividend and a $1.25 million Oracle synergy target.

Ansell has entered FY27 with stronger margins, cash generation and shareholder distributions after adjusted EBIT rose 14.9% organically in FY26. The PPE maker is maintaining adjusted EPS guidance of 158 to 170 US cents while targeting further growth from US markets, productivity and a simpler product range.

Australia and New Zealand Banking Group Limited (ASX:AN3) reported a 27% increase in 2026 cash profit to $7.542 billion, helped by substantial cost reductions and stronger fee and trading income. The annual report also flags rising credit impairment, a softer housing market and unfinished regulatory remediation work.

Pursuit Minerals has executed a non-binding MOU with South Korea’s EcoPro Innovation covering a proposed US$40 million project-level investment and advance funding package for its Rio Grande Sur lithium project. The agreement also contemplates offtake for all initial production, but major financing, technical and approval hurdles remain.

Critica has lifted gallium extraction to as high as 91.9% and scandium extraction to 84.7% in Jupiter testwork, opening potential by-product pathways alongside its rare earths operation. The results are promising, but they measure metals entering solution rather than finished-product recovery, with separation and economics still unresolved.