Latest Asx News

Vertex Minerals’ Reward Gold Mine produced 679 ounces in its first production year, but the transition came with a A$16.4 million loss, negative operating cash flow and a formal going-concern warning. The company now faces a narrow window to prove its mechanised mining plan can lift production before debt repayments and further funding decisions bite.

Metrics Income Opportunities Trust has released its audited FY2026 accounts, correcting the classification of valuation reductions while reporting an $18.2 million loss and a lower NTA. KPMG issued an unqualified opinion, but ASX has yet to determine when MOT units will resume trading and underlying funds remain closed to applications and redemptions.

Metrics Real Estate Multi-Strategy Fund has released audited FY26 accounts with an unqualified KPMG opinion, reporting $28.2 million in profit after tax and 10.48 cents per unit in distributions. The accounts also expose a $10 million interest-free related-party loan and a temporary halt to applications and redemptions in underlying funds.

Metrics Master Income Trust has lodged its audited FY2026 accounts with an unqualified KPMG opinion, but the report confirms a temporary liquidity restriction at the underlying funds. Profit and net assets both fell year on year, while the Fund remains exposed to valuation movements in a largely Level 3 portfolio.

Hammer Metals’ proposed acquisition by Austral Resources has cleared its first court stage, with ASIC registering the scheme booklet and an independent expert backing the scrip deal. Shareholders now face linked votes on the takeover and the demerger of Western Australian gold assets into an unlisted company.

Heavy Minerals reported a sharply wider FY2026 loss and a $3.15 million net working capital deficit, with its auditor flagging material uncertainty over the company’s ability to continue as a going concern. The balance sheet pressure sits alongside stronger project milestones, including a post-year-end Port Gregory study and the push to fund Kanmantoo.

Xstate Resources has secured preferred tenderer status for a 305 square kilometre block in Queensland’s Taroom Trough, with the company set to initially operate a four-party joint venture. The prospective acreage offers exposure to basin-centred gas, associated liquids and light crude, but the licence remains subject to government processes.

oOh!media has sent shareholders the scheme booklet and voting materials for I Squared Capital’s proposed acquisition, moving the transaction into its decisive shareholder approval phase. The vote is scheduled for 2 November, with the board continuing to recommend the deal subject to key conditions.

Beetaloo Energy has secured a 25% non-operated interest in a 305 square kilometre Taroom Trough block as part of a four-company joint venture selected as Queensland’s preferred tenderer. The position comes with no upfront consideration, while its initial two-year work program is intended to be funded from existing cash.

Energy One has secured Australian foreign investment approval for Fluxys UK to receive up to an 18.26% stake through the proposed GMSL acquisition. Shareholder approval at the 15 October extraordinary meeting is now the final positive condition before completion.

EcoGraf has replaced its earlier Epanko announcement after ASX correspondence, setting out the assumptions behind a potential increase in Stage 1 production to 87,600 tonnes per annum. The higher-throughput case lowers estimated unit costs, but remains preliminary and is not yet the basis for project financing or a final investment decision.

Locality Planning Energy has signed three utility infrastructure agreements that will add approximately 750 electricity and water service points across Victoria and Queensland. The expansion requires about $1.28 million of LPE-funded investment, but revenue will build only as homes, connections and retail tenancies come online.