Latest Australia News

Caspin Resources has reported a 45% increase in contained tin at its Kelpie Deposit, with a 6.5Mt resource now sitting within an optimised open-pit shell. The explorer is moving towards development-style work while awaiting assays from deeper drilling and testing a growing list of regional targets.

S2 Resources reported a $12.7 million profit after selling its Greater Fosterville licence to Agnico Eagle, which also invested $3 million in the explorer. With $18.6 million in cash, S2 is now moving toward drilling across gold and copper targets, though access, approvals and rig availability remain the immediate constraints.

Experience Co delivered a stronger start to FY27, with unaudited revenue rising 6% to $32.8 million and underlying EBITDA jumping 20% to $4.8 million. Skydiving led the earnings improvement, although weather, regional visitation and softer Treetops volumes remain live variables.

Challenger’s board has rejected TAL Daiichi Life Australia’s indicative $11.80-per-share takeover proposal as too low to recommend, while leaving the door open to a revised offer. No binding transaction has been agreed and shareholders have no action to take at this stage.

Falcon Metals has extended the Blue Moon mineralised system to 850 metres, with high-grade results from the Jasmine and Lotus zones and a fifth gold-bearing zone emerging. A A$30 million placement has left the explorer with A$38.1 million in cash to pursue drilling across Victoria and Western Australia.

Vintage Energy’s independently assessed 2P reserves have fallen to 12.4 PJe from 72.9 PJe, largely because Cooper Basin volumes were reclassified as contingent resources. The company says gas in place at Odin and Vali is effectively unchanged, but larger-scale development now depends on capital commitments and drilling results.

Arika Resources has identified a previously unrecognised gold lode at its Kookynie project after drilling returned 19 metres at 7.99g/t gold, including 6 metres at 15.87g/t. The early-stage discovery sits above the historic Champion Main Reef and opens several follow-up targets along a 3km mineralised trend.

AdAlta is nearing two important development milestones for its EW-001 CAR-T therapy, with a US FDA pre-IND meeting scheduled for 4 November and Australian manufacturing runs expected before year-end. The progress comes with encouraging but early Chinese clinical data, while cash of A$0.65 million leaves limited room for delay.

Invex Therapeutics has agreed to acquire New Zealand biotech Rekover Therapeutics for shares and performance rights, adding a planned Phase 2a multiple sclerosis trial to its neurology portfolio. The transaction is paired with a $10 million placement, but would substantially expand the company’s share count and requires shareholder approval.

Western Mines Group has increased the Mulga Tank resource to 2.647 billion tonnes at 0.27% nickel, containing 7.2 million tonnes of nickel. The major exploration milestone now faces its more consequential test: whether a large, low-grade and unconstrained resource can support an economic mine.

Elementos has secured approval for the 8.1km access corridor at its Oropesa tin project in Spain and made its Robledollano smelter option unconditional. The company ended September with A$38.6 million in cash, but still needs primary permits, financing and offtake agreements before a final investment decision.

Yojee has expanded its MOSAIC freight software customer base to 17 signed agreements, with five customers now processing live jobs after the platform’s July commercial launch. The company has $11.2 million in cash and no debt, but must now turn early usage into billable activity.