Latest Asx News

Comms Group Limited has inked a binding agreement to acquire TasmaNet, a leading Tasmanian communications provider, significantly expanding its network assets and customer base. This strategic move is expected to lift Comms Group’s proforma revenue to around $75 million and EBITDA to $9-10 million annually.

Forrestania Resources has appointed former Minerals Resources executive David Geraghty to its board and secured $500,000 through a strategic share placement, signaling a renewed push in its gold exploration projects.

Larvotto Resources has announced an initial tungsten mineral resource at its Hillgrove Project, revealing a significant by-product opportunity alongside gold and antimony. This development could diversify revenue streams and enhance project economics amid rising tungsten prices.

Appen Limited reports a strong financial turnaround in FY24, driven by growth outside Google and a focus on generative AI, while seeking shareholder approval for key governance and remuneration measures.

Catalyst Metals has received the final environmental approval to begin mining at its Trident Gold Project, marking a key step in its plan to double production at the Plutonic Gold Belt.

Lunnon Metals has confirmed notable gold mineralisation at its Defiance West target within the Kambalda Gold & Nickel Project, revealing promising new exploration opportunities along the Foster Thrust shear zone.

Moho Resources has identified a significant 4 km by 1 km gold soil anomaly at its Silver Swan North Project in Western Australia’s Eastern Goldfields, marking a promising new chapter in the company’s exploration efforts.

Tasman Resources Ltd has announced a renounceable pro-rata rights issue aiming to raise up to $3.68 million to finance exploration drilling at its Parkinson Dam project and reduce shareholder debt. Major shareholders plan to fully subscribe, using loan repayments to offset their entitlements.

Metals Australia has successfully produced two commercially viable products from its Manindi Titanium-Vanadium-Iron discovery, while identifying additional promising exploration targets nearby.

Helix Resources has entered conditional agreements to earn up to 40% of the Gold Basin oxide gold project in Arizona, featuring a significant inferred resource and promising metallurgical results.

Monadelphous Group Limited has landed a suite of new contracts worth approximately $180 million across Western Australia's resources, energy, and infrastructure sectors, reinforcing its strong foothold in the region.

Mayne Pharma Group has proposed a $7.40 per share acquisition by Cosette Pharmaceuticals, with unanimous board support and a fair and reasonable opinion from an independent expert. Shareholders will vote on the scheme on June 18, 2025.