Latest Asx News

Strata Investment Holdings has dismissed a cash acquisition proposal from Freedom BidCo, citing undervaluation, even as it raises A$8 million to fund strategic investments and litigation.

Redcastle Resources has reported strong assay results from its ongoing drilling at Redcastle Reef and Queen Alexandra, underpinning its active mining and staged development plans in Western Australia's Eastern Goldfields.

Cazaly Resources has cleared the final hurdle to drill the Cadix anomaly, a large untested magnetic target in Namibia’s Abenab North Project, with fieldwork set for Q3 2026.

PMET Resources has identified a promising pathway to refine spodumene concentrate into battery-grade lithium carbonate directly at its Shaakichiuwaanaan site in Quebec, using Primero’s ALi® atmospheric leach process. Bench-scale tests produced 99.8% pure lithium carbonate, suggesting potential logistics and carbon footprint advantages.

Strickland Metals has reported a significant leap in gold recovery rates at its Gradina Deposit, achieving an average 94.3% recovery and higher gold concentrate grades, marking a key milestone ahead of its Rogozna Project Pre-Feasibility Study.

Norwood Systems has extended its voicemail services contract with a major Tier 1 telecommunications operator through to mid-2028, expected to generate approximately A$1.5 million in revenue over the term.

Nordic Resources has punched a new high-grade gold assay record at its Kopsa project in Finland, confirming a significant northern extension to the deposit. Early 2026 drilling reveals grades far surpassing previous intersections, setting the stage for a resource update later this year.

Catalina Resources has validated significant historical gold mineralisation across its newly acquired Mid-West portfolio in Western Australia, bolstering its position near key regional mining infrastructure and preparing for maiden drilling campaigns.

AXP Energy has struck a farm-in deal to earn a 25% interest in Block 9, a prolific onshore Syrian oil and gas contract with substantial historical prospective resources, positioning the company amid a reopening Middle East energy market.

Theta Gold Mines has issued US$90 million in senior secured bonds, securing crucial funding held in escrow to progress its TGME Gold Project in South Africa, aiming for first gold production in early 2027.

GCM Corporation expands its VHD heat sink portfolio to 44 products and moves into liquid cooling OEM markets for AI servers, securing global distribution via DigiKey.

Tesoro Gold’s latest infill drilling at the Ternera deposit confirms strong continuity and grade, setting the stage for a maiden Ore Reserve. The company now pivots to a 12,000m discovery campaign along its extensive El Zorro gold corridor in Chile.