Latest Accounting News

ADX Energy has responded to ASX inquiries about recent unusual trading activity, confirming no undisclosed information but highlighting a recent placement settlement as a possible factor.

Key Petroleum Ltd has completed a modest 3% share placement but will not proceed with the remaining 13%, leaving questions over its funding strategy.

Hazer Group has inked a non-binding graphite offtake agreement with Green Steel of WA, marking a significant step in supplying low-emission steel production with up to 85,000 tonnes over 10 years.

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.

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.

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.

Titan Minerals Limited has reported a significant 25% increase in gold resources and a 19% rise in silver at its Dynasty Gold Project in Ecuador, driven by successful drilling at the Cerro Verde deposit. This updated Mineral Resource Estimate sets the stage for advancing scoping studies and further exploration.

OZZ Resources Limited has announced a fully underwritten entitlement offer to raise approximately $1.07 million, aiming to convert debt and fund project opportunities while addressing its ongoing ASX suspension. The offer carries significant risks including potential dilution and the threat of delisting if compliance is not met by June 2026.

Bank of Queensland Limited announces a fully franked quarterly distribution of AUD 1.3218 per Capital Note 3 security, payable mid-June 2026. The distribution reflects a 5.3% annualised rate tied to the 3-month BBSW plus margin.

Pinnacle Investment Management has updated its dividend announcement to clarify currency exchange arrangements for its upcoming March payment, offering shareholders flexible options in AUD and NZD.

MRG Metals confirms robust rare earth oxide mineralisation at its Garies project in South Africa, hitting a peak 4.49% TREO over 6.6 metres. This breakthrough drilling result underscores the project's potential as a critical supplier of magnet rare earths vital for clean energy technologies.

IperionX Limited has denied any undisclosed information following a sharp share price drop from $6.93 to $4.58, clarifying its accounting for U.S. government grants amid market volatility.