Latest Asx News

Ark Mines Ltd is fast-tracking its Sandy Mitchell rare earths project in Queensland, backed by a $4.5 million investment from the Queensland Investment Corporation and targeting production by late 2027.

WAM Research Limited reported a robust 22.4% growth in its investment portfolio for FY2025, outperforming key ASX indices and declaring a 10 cents per share dividend, partially franked at 60%. The company’s disciplined focus on undervalued growth stocks underpinned strong returns despite market volatility.

NeuroScientific Biopharmaceuticals reports encouraging early clinical results for its StemSmart™ MSC therapy in preventing and treating kidney transplant rejection and injury.

Cue Energy Resources has obtained a decade-long extension for its Maari oilfield permit in New Zealand, enabling continued production and resource optimisation through to 2037. The move follows a recent surge in output, marking the highest monthly production in over five years.

PolarX Limited has struck a significant joint venture deal with Northern Star Resources, enabling the gold producer to earn up to a 70% interest in the Alaska Range Project through staged investments totaling US$39 million. This partnership aims to accelerate exploration and resource expansion at key copper and gold deposits in Alaska.

Ark Mines is advancing its Stage-3 drilling program at the Sandy Mitchell Rare Earths project ahead of schedule, targeting a substantial increase in measured resources to underpin a Pre-Feasibility Study in early 2026.

Basin Energy has agreed to acquire NeoDys Limited, gaining a dominant uranium and rare earth portfolio in northwest Queensland, fully funded to commence drilling in late 2025.

Compumedics has reported record-breaking sales orders and revenues for FY25, driven by strong US market growth and SaaS adoption, setting the stage for an ambitious FY26 expansion.

Altair Minerals is escalating its dispute with BHP over the undervaluation of its Olympic Domain Project by proceeding to South Australia’s Wardens Court. The junior explorer aims to defend the strategic and exploration value of its land amid ongoing negotiations with other majors.

First Au Limited has completed the first stage of its earn-in agreement for the Nimba Gold Project in Liberia, issuing shares and cash to secure a 35% interest. The company is now advancing towards the next acquisition phase with drilling updates expected soon.

L1 Long Short Fund Limited reported a net profit after tax of $99.52 million for FY2025, down 42% year-on-year, yet continues its steady dividend growth with a fully franked final dividend of 6.5 cents per share.

Nimy Resources has successfully raised $1.72 million through an oversubscribed share placement to fast-track copper and gallium exploration at its Mons Project in Western Australia.