Latest EMU (ASX:EMU) News

A boardroom shake-up and a fresh placement sparked the week’s biggest move, while critical minerals deals kept drawing buyers. Gold explorers also ran hard on drill hits, but several gapped stocks showed how fast early moves can fade.

Emu NL has announced a pro-rata non-renounceable rights issue aiming to raise approximately $3.67 million, offering new shares with free attaching options to eligible shareholders. The capital raise will primarily fund exploration activities at its Queensland projects and strengthen working capital.

Emu NL’s Stage 1 drilling at Fiery Creek confirms a significant copper-silver mineral system, refining targets and boosting confidence for the 2026 Yataga Valley drilling campaign.

Emu NL has reversed its previous decision to terminate Doug Grewar, reinstating him as CEO and Managing Director with a new contract focused on advancing the Yataga Copper Project.

Emu NL has reported promising visible copper sulphide mineralisation from its maiden drilling at Fiery Creek, advancing its Georgetown copper-gold project. Meanwhile, the company navigates leadership changes and governance reviews amid ongoing exploration.

The Takeovers Panel has declined to find unacceptable circumstances in Emu NL’s recent placement before its AGM, ruling no control effect was evident. This decision underscores regulatory caution around capital raises near board votes.

The Takeovers Panel has directed Emu NL and its former directors to cover a combined $41,712 in costs incurred by Wayburn Holdings during takeover proceedings, underscoring ongoing regulatory scrutiny.

Emu NL announces a key board reshuffle with the appointment of geologist James Knowles and begins drilling at its promising Fiery Creek copper prospect.

A former director of Emu NL has lodged a formal application with the Takeovers Panel, contesting the legitimacy of a recent $1.4 million institutional placement and alleging undisclosed attempts to influence board control.

Emu NL announces the departure of CEO Adrian Griffin and the appointment of Non-Executive Director Peter Swiridiuk as interim CEO, signaling a leadership transition at the mining explorer.

Emu NL has raised $1.4 million through a discounted share placement to fund an expanded drilling program at its Yataga Copper Project, with drilling expected to start by late November 2025, subject to fire risk conditions.

EMU NL has sold its Badja Gold Project for over A$3.5 million, retired all debt, and is set to commence a maiden drilling program at its Yataga Copper Project in Queensland, fully funded and under new board leadership.