Latest Asx News

Nutritional Growth Solutions (ASX: NGS) has completed a major operational reset, achieving normalised profitability, eliminating all debt, and replenishing inventory to support renewed growth.

The Federal Court of Australia has approved the merger of Diversified United Investment Limited (DUI) with Australian United Investment Company Limited (AUI), paving the way for the scheme to become effective by the end of April. Eligible DUI shareholders will receive approximately 0.47241 AUI shares for each DUI share held.

MA Credit Income Trust has approved an on-market buy-back of its units, adding a flexible tool to its capital management arsenal amid evolving market conditions.

African Gold Ltd’s takeover by Montage Gold Corp moves a step closer as the Supreme Court of Western Australia approves its Share and Option Schemes, triggering suspension of trading and setting key dates for implementation.

Cosmo Metals is gearing up for a significant drilling campaign at its Kanowna Gold Project near Kalgoorlie, while systematic exploration at its NSW projects has revealed two high-priority copper-gold VMS targets. The company also bolstered its balance sheet with a $1.55 million entitlement offer to fund ongoing work.

Energy World Corporation is accelerating development of its Pagbilao LNG terminal while launching a strategic review focused on monetising Siemens turbines amid evolving power market dynamics and strong U.S. demand.

Coventry Group reported a modest 1.4% rise in Q3 FY26 sales but delivered a striking 72% EBITDA jump in March, driven by operational improvements and cost efficiencies. The upcoming Steelmasters integration promises further upside.

Stanmore Resources defied a four-year low in metallurgical coal prices to deliver record saleable production and robust cash flow in 2025, while maintaining a strong safety record and advancing key development projects.

VHM Limited has ditched its Shenghe Resources offtake agreement to broaden market options and approved a direct jump to full-scale 5Mtpa development at its Goschen Rare Earths and Mineral Sands Project. Key regulatory approvals and a major drilling campaign underpin progress towards a mid-2026 Final Investment Decision and production slated for late 2027.

Lithium Energy has wrapped up diamond and air core drilling at the Bajool Prospect, unveiling geochemical trends aligned with a potential porphyry system, while awaiting critical diamond core assay results.

Ramsay Health Care has announced a fully franked distribution of AUD 3.3608 per security on its perpetual preference shares, subject to board approval by late August. The payment reflects a total annualised rate of 6.7%, linked to the 180-day BBSW plus a margin.

BPM Minerals has reported compelling high-grade gold assay results from maiden drilling at its Beachcomber Prospect and secured A$3.5 million in a strategic placement to fund an expanded 2026 exploration campaign across its Forelands Gold Project.