Latest Asx News

Genesis Minerals Limited has announced a recommended scheme to acquire Magnetic Resources NL, bringing a high-grade 2.2 million ounce gold resource near its Laverton mill and offering Magnetic shareholders a compelling premium with a mix of cash and shares.

Genesis Minerals has announced a recommended court-approved scheme to acquire Magnetic Resources for A$639 million, significantly expanding its resource base and production outlook. The acquisition includes the high-grade Lady Julie project near Genesis’ Laverton mill, promising operational synergies and supporting an aspirational 500,000 ounces per annum production target.

Eden Innovations has taken a major step in strengthening its balance sheet by converting a $2.2 million loan into equity, positioning the company debt free and ready to accelerate growth.

Accelerate Resources has revealed multiple high-grade manganese discoveries grading up to 59.4% Mn along a newly defined 4km corridor at its Woodie Woodie North Project in Western Australia. The company plans maiden drilling after heritage clearances to test these promising targets.

E79 Gold Mines has identified over 40 promising drill targets at its Cue Gold Project in Western Australia following a detailed gravity survey, setting the stage for upcoming exploration.

Hot Chili Limited has reported further strong near-surface copper-gold drill results at its La Verde porphyry discovery in Chile, reinforcing the potential for a higher-grade starter pit within the Costa Fuego project. Visual mineralisation from deeper drilling suggests significant expansion of the high-grade core, with assays pending.

Aurum Resources has reported significant strike and depth extensions at its Boundiali Gold Project in Côte d'Ivoire, reinforcing its resource growth potential ahead of a key resource update and feasibility study.

Lunnon Metals has locked in a $6 million secured loan to fund critical pre-production activities at its Lady Herial gold project, marking a key step toward mining commencement.

Sarytogan Graphite Limited has upgraded its Mineral Resource Estimate to include 5.4 million tonnes of Measured graphite, underpinning a multi-decade mine life in Kazakhstan. This milestone supports the ongoing Definitive Feasibility Study due mid-2026.

Australian Clinical Labs reported a modest revenue dip but achieved growth in earnings and margins in 1H26, while updating FY26 guidance and addressing wage increases mandated by the Fair Work Commission.

Truscott Mining has begun its RC drilling program at the Westminster Project, with the ASX confirming no suspension will occur as of mid-February. Investors await assay results expected in the coming months.

Neometals Ltd has resolved a longstanding legal dispute with a $1 million settlement, clearing the way to focus on advancing its Barrambie Gold Project and sustainable processing technologies.