Latest Asx News

Careteq Limited has successfully raised $2.2 million through a two-tranche share placement, with a significant portion subject to upcoming shareholder approval. The funds aim to support project acquisitions, debt reduction, and working capital needs.

Mount Ridley Mines has appointed David Wall as Non-Executive Chairman and promoted Allister Caird to Managing Director, signaling a strategic push to advance its critical minerals projects in Western Australia.

Brazilian Rare Earths (ASX: BRE) has significantly expanded its Sulista Rare Earth District in Bahia, Brazil, extending the strike length from over 10 km to more than 17 km with multiple high-grade mineralised corridors. The latest drilling results underpin a maiden JORC Mineral Resource Estimate expected mid-2026 and support BRE’s strategic hub-and-spoke development plan.

Sheffield Resources has withdrawn its March quarter production and shipment guidance for the Thunderbird Mineral Sands Mine due to ongoing operational challenges, including equipment failures and weather impacts. The company has initiated management changes and plans to commence shipments of a new HiTi concentrate product this month.

Blaze Minerals has secured a binding agreement to acquire up to 90% interest in three extensive Botswana exploration projects, targeting copper, nickel, and precious metals within world-class geological belts. Field activities are set to commence imminently, marking a significant step in the company’s growth strategy.

Titan Minerals has reported significant wide zones of gold-silver-copper porphyry mineralisation at its Kaliman target within the Dynasty Gold Project, following a 25,000m drilling campaign in 2025. This breakthrough is set to underpin an imminent Mineral Resource update expected in late Q1 2026.

Variscan Mines Limited has voluntarily suspended trading on the ASX pending a Supreme Court decision related to a regulatory compliance issue with a past share issue. The suspension highlights ongoing legal scrutiny and investor uncertainty.

Odyssey Gold Limited has reported promising assay results from metallurgical drillholes at its Tuckanarra Project, highlighting significant gold grades that surpass historic drilling. These findings underpin ongoing mining proposals and future resource upgrades.

Torque Metals has appointed a seasoned leadership team from Spartan Resources to spearhead exploration and development at its Paris Gold Project near Kalgoorlie, backed by a $3 million capital raise.

Canyon Resources has mobilised its surface miner to the Minim Martap site, targeting first bauxite production in early Q2 2026 and shipment by Q3, fully funded despite a failed equity raise.

Reach Resources has reported high-grade gold assays up to 31 g/t Au from rock chip sampling outside its current resource at Murchison South, highlighting promising targets for resource expansion.

Vertex Minerals has renegotiated a $3 million loan and secured an additional $1.5 million facility to support underground development and gold production at its Reward Gold Mine, aiming to repay from positive cash flow in 2026.