Latest Asx News

Legacy Iron Ore has completed a major drilling campaign at its Mt Celia project and is progressing metallurgical studies to define its processing strategy, setting the stage for updated resource estimates and development plans.

Lunnon Metals reports significant high-grade gold assay results from infill drilling at its Hustler prospect, confirming two distinct mineralised structures and moving closer to an initial Mineral Resource estimate. Meanwhile, exploration at Defiance West reveals structural complexity with anomalous base metals but no significant gold yet.

Miramar Resources’ recent VTEM survey at Bangemall reveals multiple large electromagnetic conductors with promising Noril’sk-style nickel-copper-PGE potential, while a joint venture with Sumitomo Metal Mining moves closer to formalisation.

GreenX Metals has identified the Mid-European Crystalline Zone beneath the historic Richelsdorf copper mines in Germany, revealing a likely primary source of copper mineralisation and significantly boosting exploration potential at its Tannenberg Project.

Lefroy Exploration is nearing operational readiness at its Lucky Strike Gold Deposit with key approvals and designs in place, while gearing up for a high-grade drilling campaign at Burns Central. The company is fully funded and poised for a self-funded growth phase.

News Corporation’s Murdoch Family Trust is selling 14.2 million Class B shares in a significant secondary offering, marking a pivotal step in a broader ownership restructuring that reshapes voting control and family interests.

NuEnergy Gas Limited has obtained government approval to sell 1 MMSCFD of coal bed methane gas in Indonesia, marking a pivotal step in its transition to production and supporting the country’s energy security goals.

SkyCity Entertainment Group has successfully completed a NZ$240 million equity raise through a fully underwritten entitlement offer, with retail shareholders subscribing to one-third of their entitlements. New shares will begin trading next week on both the NZX and ASX.

Lindian Resources has won shareholder approval for a A$91.5 million institutional placement, fully financing its Kangankunde Rare Earths Project through to first production targeted in late 2026.

Bayan Mining and Minerals Limited has launched a pro-rata non-renounceable entitlement offer of Loyalty Options to existing shareholders, aiming to raise $33,319 initially with potential future capital of $2.5 million if options are exercised. The offer highlights shareholder rewards alongside significant risks including dilution and geopolitical factors.

Ariana Resources plc is set to raise up to A$15 million through a dual listing on the ASX, aiming to accelerate development at its flagship Dokwe Gold Project in Zimbabwe and repay existing debt. The capital raising also supports ongoing operations and exploration across its diverse portfolio in Türkiye, Kosovo, and Cyprus.

360 Capital Mortgage REIT has introduced a voluntary Distribution Reinvestment Plan allowing unitholders to reinvest monthly distributions into additional units at net asset value without transaction costs. This move aims to enhance investor returns while maintaining capital preservation and transparency.