Latest Strategy Changes News

FireFly Metals secures ATO Class Ruling confirming its in-specie distribution of Bellavista shares as a capital return, not a dividend, clarifying tax treatment for Australian shareholders.

The Supreme Court of New South Wales has approved schemes of arrangement that transfer Nova Minerals' ownership to a new US holding company, with ASX trading set to suspend immediately.

DXN Limited has landed a landmark A$8.8 million contract to deliver a 1.36MW AI High Performance Computing modular data centre for a US-based neo-cloud operator, marking a significant entry into the global AI HPC market.

Elanor Investors Group appoints David McNamara as CEO, signaling a leadership shift following a balance sheet recapitalisation and strategic reset. The Board also sees key transitions with Tony Fehon moving to a non-executive role and Su Kiat Lim stepping down.

Strata Minerals has delivered a standout 94% hit rate in its Phase 2 drilling at the Zelica Gold Project, confirming extensive high-grade gold mineralisation and securing a development partnership to fast-track production.

Maggie Beer Holdings has received a non-binding indicative offer to sell its Hampers and Gifts Australia business for $10 million, including an $8 million upfront payment and up to $2 million contingent on future performance. The deal excludes its core Maggie Beer Products division and awaits due diligence and shareholder approval.

Lightning Minerals has locked in A$1.85 million through a two-tranche placement to accelerate drilling and exploration at its Mt Turner Gold Project, underpinning its strategic pivot to gold-led growth.

High-Tech Metals has reported exceptional metallurgical test results from its Wagtail Gold Deposit at Mt Fisher, confirming high gold recoveries and processing flexibility that could lower costs and boost throughput.

XPON Technologies is shedding Alpha Digital after just over a year, in a move that clears the way for a tighter AI-centric growth strategy. The deal involves significant debt forgiveness, reflecting a clean break from a services-led business that once contributed over a third of group revenue.

EQ Resources has secured board approval for a A$39 million expansion at its Mt Carbine tungsten mine, aiming to double crushing capacity and boost annual production by 500 tonnes amid strong tungsten prices.

PhosCo Ltd has unveiled significant drilling success at its Gasaat phosphate project in Tunisia, highlighting a new major discovery at the DOH prospect with substantial phosphate mineralisation and reinforcing Gasaat's emergence as a world-scale resource.

Helios Energy has raised $1.5 million through a share placement priced at $0.003 per share while extinguishing $100,000 of convertible note debt by issuing shares, bolstering working capital.