Latest Asx News

Australian Bond Exchange Holdings Limited (ABE) has had its trading suspension lifted immediately following a capital raising announcement, signaling renewed investor engagement.

Star Minerals has entered a strategic partnership with Catalyst Metals, securing a gold milling agreement for its Tumblegum South project and selling its West Bryah Basin copper-gold assets for $2.75 million. Catalyst also commits to a $1 million equity placement in Star Minerals, underpinning the company’s development plans.

TechnologyOne has upgraded its FY26 profit and recurring revenue growth forecasts, citing strong confidence in AI-enhanced SaaS+ products and a robust customer pipeline across key markets.

St George Mining has reported exceptional drilling results at its Araxá Rare Earths and Niobium Project in Brazil, including a record 164.45m mineralised intercept from surface. These results expand the known resource footprint well beyond current estimates, signalling significant growth potential.

QEM Limited has raised $1.442 million through a well-supported placement to fund a strategic review of its flagship Julia Creek Vanadium and Energy Project and explore new critical minerals opportunities.

Heavy Rare Earths Limited is set to commence a 2,500-metre maiden drilling campaign at its South Ridge tin prospect within the Prospect Hill Project, aiming to define a maiden Mineral Resource Estimate by late Q2 2026.

SGH Ltd and Steel Dynamics have jointly submitted a best and final offer of A$32.35 per share to acquire BlueScope Steel, valuing the company at A$15 billion and representing a significant premium over recent trading prices.

Magellan Financial Group has reported a 5% rise in operating earnings per share and a striking 50% increase in its fully franked interim dividend, underpinned by strong contributions from strategic partnerships and disciplined capital management.

Identitii Limited faces a setback as Beauvais Capital terminates its underwriting agreement following Takeovers Panel orders, triggering shareholder withdrawal rights and uncertainty over the company’s capital raising plans.

Venari Minerals has revised its Exploration Target for the Red Mountain Lithium Project in Nevada, revealing a potential lithium resource up to 18.6 million tonnes of Lithium Carbonate Equivalent. The company plans extensive drilling and sampling in 2026 to expand and upgrade this promising resource.

Chrysos Corporation Limited reported a robust 1H FY26 with revenue up 49% and EBITDA soaring 152%, driven by expanding adoption of its PhotonAssay technology and strategic global deployments.

Magellan Financial Group reported a 27% drop in statutory net profit but maintained stable operating profit and increased earnings per share by 5%, supported by ongoing share buybacks. The company declared a fully franked interim dividend up 50%, reflecting confidence despite investment performance challenges.