Latest Asx News

Althea Group Holdings has sharply downgraded its FY25 financial guidance, citing significant challenges in its medicinal cannabis division and the strategic withdrawal from a vape product initiative. Despite the setback, the company highlights ongoing growth in its recreational cannabis operations and a strategic refocus on capital efficiency.

Neurotech International has inked a development deal with RH Farma to produce a pharmaceutical-grade cannabinoid drug targeting pediatric neurodevelopmental disorders, leveraging advanced European extraction technology.

Bounty Oil & Gas, through its joint venture operator Asset Energy, has initiated a judicial review against the refusal to vary and extend the PEP-11 offshore petroleum exploration permit. The legal challenge could reshape the future of this key Sydney Basin asset.

OzAurum Resources confirms consistent high-grade gold mineralisation at its New Cross Fault discovery within the Mulgabbie North Gold Project, highlighting promising drill results and a new structural target that could significantly enhance the project’s resource base.

Austal Limited has landed a landmark A$270 million contract to design and build a 130-metre hydrogen-ready high-speed ferry for Sweden’s Gotlandsbolaget, marking a major step in sustainable maritime transport.

Jupiter Energy Limited has extended the closing date for its General and Director Placement Offers to March 3, 2025, adjusting its capital raising timetable amid ongoing development plans in Kazakhstan.

LCL Resources has firmly dismissed recent unsolicited acquisition offers for its Colombian gold assets, reiterating its binding agreement with Tiger Gold Corp. and urging shareholders to back the pending transaction.

Archer Materials has successfully detected spin states in its carbon-based quantum material using a novel resonator design, marking a pivotal step toward functional qubit development for quantum computing.

Dundas Minerals reports promising drilling results at its Baden-Powell gold deposit, revealing extensions to mineralised zones and setting the stage for an updated resource estimate.

Pro Medicus Limited has announced a fully franked ordinary dividend of AUD 0.25 per share for the six months ending December 2024, signaling continued shareholder returns without the need for external approvals.

Koonenberry Gold Limited has raised $2 million through a strategic placement to accelerate exploration at its Enmore and Lachlan projects, including an expanded drilling program at Sunnyside.

WAM Leaders Limited has announced a 4.7 cents per share fully franked interim dividend, reflecting a 7.4% annualised yield, supported by a 185% jump in operating profit. The company’s disciplined sector positioning and robust portfolio performance underpin continued dividend growth since inception.