Latest Asx News

Babylon Pump & Power is steering through a strategic reset with its rental business booming and new funding arrangements in place, aiming to resume trading by August 2026.

Otto Energy has launched a formal process to sell its Gulf of America oil and gas holdings, aiming to unlock shareholder value amid favourable commodity prices. The move includes key assets South Marsh Island 71 and Green Canyon 21, with no set timeline or guarantee of sale completion.

The Supreme Court of New South Wales has approved the scheme of arrangement for SDI Limited’s acquisition by Beijing Guoci’s subsidiary, paving the way for a cash payout and ASX suspension.

Comet Ridge has locked in $40 million through a two-tranche placement and plans a $5 million share purchase plan to fund full ownership and development of its Mahalo Gas Project.

EROAD Limited reported stable FY26 revenue of NZD 195 million amid a $134.7 million North American impairment, unveiling a strategic reset centred on ANZ growth and its expanding electronic Road User Charges platform.

Arrow Minerals has sealed its acquisition of an 80% interest in the Yarraloola Copper Project in Western Australia’s Pilbara, following a capital raising that underpinned the deal. The company’s next steps hinge on resource milestones that could trigger further share payments.

Kali Metals has delivered initial Phase II drilling results from its Marble Bar Gold Project, confirming gold mineralisation extends deeper at the Tiger II Prospect. The program, combining reverse circulation and diamond drilling, highlights ongoing potential for resource growth.

Spenda Limited has accelerated its strategic turnaround by slashing operating costs by about $400,000 per month and locking in new retail contracts, while eyeing divestments and emerging tech opportunities.

Polymetals Resources has confirmed that substantial high-grade mineralisation remains intact near a previously assumed collapse zone at the Endeavor Mine, with initial drilling results exceeding expectations.

Golden Dragon Mining's latest drilling at Behring Bore within the Cue Gold Project has intersected further high-grade gold near surface, reinforcing the prospect’s potential as a large-scale mineralised system with open extensions.

Patriot Resources has independently confirmed the reliability of historical assay data at its Tassa Silver-Gold Project in Peru, reinforcing confidence in its 31.4Moz inferred resource and clearing regulatory hurdles ahead of a maiden drill campaign.

Clara Resources has secured options over 111 square kilometres of new tenure along the Kingsborough Fault corridor at its Mareeba Gold Project, consolidating a district-scale landholding rich in gold, antimony and tungsten prospects.