Latest Asx News

Centuria Office REIT has reaffirmed its FY25 financial guidance while navigating elevated vacancies and fragmented leasing momentum in the Australian office market.

Syrah Resources has mobilised teams to resume operations at its Balama Graphite mine in Mozambique, aiming to restart production by the end of June 2025. The company reports no major maintenance issues and is navigating financial and regulatory challenges as it prepares to meet strong market demand.

Celsius Resources Limited has launched an offer of up to 423.95 million new options to key placement participants, including Silvercorp Metals and its lead manager, aiming to support ongoing project funding without immediate capital inflow.

Delta Lithium Limited is set to unlock value by spinning out its Mt Ida Gold asset into a new ASX-listed company, Ballard Mining Limited, through a demerger and a $25-30 million IPO. This strategic move separates its gold and lithium businesses, positioning both for focused growth.

GrainCorp Limited has announced a combined ordinary and special dividend of AUD 0.24 per share, fully franked, reflecting steady returns for shareholders for the first half of 2025.

Tamboran Resources reports strong progress in its Beetaloo Basin pilot project, completing key wells and securing $70 million to fund drilling and infrastructure, aiming for first gas production by mid-2026.

GrainCorp reported a robust first half of FY25 with improved earnings and upgraded guidance, underpinned by strong East Coast grain volumes and operational resilience.

Anson Resources has gained regulatory approval to re-enter a historic well at its Green River Lithium Project, aiming to deepen the reservoir and advance its lithium resource definition. This move sets the stage for a critical feasibility study that could underpin future lithium production.

Euro Manganese has successfully closed an oversubscribed Security Purchase Plan, raising A$1.5 million to advance its Chvaletice Manganese Project in the Czech Republic. The capital injection will support project development, strategic partnerships, and working capital needs.

EQ Resources has secured an extension of credit facilities from its major shareholder Oaktree, ensuring continued operations at its flagship Barruecopardo tungsten mine in Spain through 2025. The company is also actively restructuring its debt to strengthen its financial position amid improving production and market conditions.

Kincora Copper Limited reports a strategic pivot to a project generator model, unlocking over A$110 million in partner funding and advancing multiple copper-gold exploration projects across Australia and Mongolia.

Xero Limited has reported a robust FY25 with 23% revenue growth and a Rule of 40 score exceeding 44%, underscoring its balanced approach to growth and profitability.