Latest Asx News

AusQuest Limited has initiated an extensive geophysical survey at its Coober Pedy IOCG Project in South Australia, aiming to pinpoint drilling targets within a world-class mineral province. Results expected in 8-10 weeks will guide exploration plans for later in 2025.

Estrella Resources has initiated Timor-Leste’s inaugural modern metallic minerals drilling campaign, targeting manganese at the Ira Miri Prospect. This milestone marks a new chapter in the country’s mineral exploration history.

Invion Limited reports no adverse events and early lesion reduction in its Phase I/II non-melanoma skin cancer trial, advancing to dose optimization.

EDU Holdings has withdrawn its plan to delist from the ASX and cancel an associated buy-back, responding to shareholder feedback and current share price dynamics.

Aroa Biosurgery has reported a robust 23% revenue increase in FY25, achieving profitability and positive cash flow, setting the stage for continued growth in FY26.

Copper Search Limited has announced a non-renounceable entitlement offer to raise approximately $504,364, issuing new shares at $0.017 each with attaching options exercisable at $0.034 until mid-2027. The capital raising aims to support exploration drilling and business development across its Australian mineral projects.

Metrics Master Income Trust (ASX:MXT) has launched a fully underwritten wholesale placement to raise up to A$315 million, aiming to fund portfolio growth and diversification. The placement, priced at A$2.00 per unit, will see new units issued and trading commence in early June 2025.

Bayan Mining and Minerals has kicked off the second phase of exploration at its Bayan Springs Project in Nevada, building on strong initial gold assay results that hint at significant Carlin-style mineralisation potential.

Develop has initiated significant underground and surface infrastructure works at its Sulphur Springs zinc-copper project in Western Australia, setting the stage for an updated feasibility study and de-risking the project’s development.

Nordic Resources has validated a significant new indicated gold resource at the Kiimala Trend in Finland, lifting its total gold equivalent inventory close to 1 million ounces. This milestone follows the pending acquisition of three Finnish gold projects from Northgold AB.

Kalgoorlie Gold Mining Limited has completed its farm-in at the Pinjin Gold Project, securing a 75% interest and surpassing key milestones with over 75,000 ounces of near-surface gold defined. This positions the company to accelerate exploration in the underexplored Laverton Tectonic Zone.

The court has approved the merger scheme between Aston Minerals and Torque Metals, making it legally effective and suspending Aston’s trading. Shareholders will soon receive Torque shares in exchange for their Aston holdings.