Latest Strategy Changes News

Melbana Energy reports steady oil production from its Alameda-2 well with over 15,000 barrels stored and prepares to drill the Amistad-2 well imminently, advancing its Block 9 development in Cuba.

Patriot Resources is set to begin a 6,250-metre reverse circulation drilling program at its Katwaro copper-gold project in Zambia, aiming to extend high-grade mineralisation along an 8km strike. The campaign targets promising zones identified in previous sampling and mapping.

Babylon Pump & Power Limited has announced an accelerated non-renounceable entitlement offer to raise approximately $3.5 million, aimed at completing a key acquisition and supporting its working capital needs. The offer invites existing shareholders to subscribe for new shares at $0.004 each on a 7-for-20 basis.

Alliance Aviation Services has updated its FY25 financial guidance, aiming for EBITDA between $205-210 million while navigating operational disruptions and planning significant debt reduction by 2026.

Freehill Mining is set to boost its Chilean operations with a second processing site launching in June, alongside advancing magnetite sampling and copper-gold exploration projects.

Tartana Minerals has raised $1.55 million through a director-led unsecured loan facility and appointed Dr Alistair Lewis as its new Chairman, signaling a strategic push in exploration and project advancement.

Lake Resources has increased its Measured and Indicated lithium resource at the Kachi Project in Argentina to 8.2 million tonnes LCE, revealing higher-grade lithium zones and enhanced recovery technology. This update strengthens the project's economic outlook amid ongoing feasibility and environmental assessments.

MRG Metals has been granted the Linhuane Heavy Mineral Sands licence in Mozambique, revealing promising historical drilling results with high total heavy mineral grades. This licence enhances MRG’s portfolio and sets the stage for potential early development.

Core Lithium has released a comprehensive Restart Study for its Finniss Lithium Project, outlining a transition to fully underground mining that extends the mine life to 20 years while slashing operating costs and boosting production capacity.

EBR Systems has won FDA approval for its pioneering leadless WiSE CRT System, setting the stage for a phased US commercial rollout. The company also secured key Medicare reimbursement pathways and expanded manufacturing capacity, though financial sustainability remains a concern.

Core Lithium's Restart Study for the Finniss Lithium Operation confirms a 20-year underground mine life with significant cost reductions and enhanced production capacity.

Lumos Diagnostics has secured its largest single US purchase order for its rapid respiratory test FebriDx, signaling growing adoption in American healthcare settings.