Latest Australia News

Australian Strategic Materials (ASM) has announced a revised timetable for its shareholder scheme meetings tied to Energy Fuels’ acquisition, alongside dispatching a supplementary booklet that updates key transaction details including a new expert report. The acquisition now contemplates Energy Fuels’ conditional US$725 million financing and a US$1.9 billion deal to acquire VAC.

GWR Group Limited has progressed its Prospect Ridge Magnesite Project with a detailed technical review and fieldwork, while maintaining a solid cash reserve of $37 million and a $41 million stake in Tungsten Mining NL. The company continues to manage the transfer of Wiluna tenements to Gold Valley amid outstanding state royalties and a payment plan agreement.

Lark Distilling Co. reported a 44% jump in net sales to $5 million in Q4 FY26, driven by a booming Global Travel Retail channel and a solid $14.3 million cash reserve. The company’s new Signature Whisky Range supports growth despite flat domestic direct sales.

Midas Minerals has delivered standout high-grade copper and silver drill results at Namibia’s Otavi Project, powering a $28 million capital raise and setting the stage for resource upgrades and expanded exploration.

Nex Metals Explorations reports metallurgical test results confirming ~1 g/t gold grades at its Kookynie Tailings Project, alongside the unexpected identification of scheelite, a tungsten mineral, as a potential byproduct.

Prescient Therapeutics boosted enrolment in its PTX-100 Phase 2a trial to 28 patients and appointed Dr Rosalind Wilson as Chief Medical Officer, strengthening its clinical leadership as it advances targeted cancer therapies.

Arovella Therapeutics secured ethics approval and manufactured its first clinical batch of ALA-101, targeting blood cancers, while progressing its solid tumour program and refining autoimmune strategies. The company ended the quarter with $14.4 million in cash, supporting imminent clinical milestones.

Reward Minerals (ASX:RWD) reported strong gold and copper assay results from its Mountain Pond Project in Newfoundland, with preparations underway for maiden drilling in the September quarter. The company also advanced its potash processing technology and ongoing discussions for the Beyondie Potash Plant in Western Australia.

Moonlight Resources has kicked off its inaugural Reverse Circulation drilling at the Goldfinger Prospect within the Clermont Gold Project, aiming to validate and extend historical high-grade gold mineralisation from the late 1980s.

WT Financial Group reports a 20% rise in net profit before tax for FY2026, underpinned by its scalable adviser network and strategic Hubco platform expansion.

The Calmer Co International Ltd is raising up to $3.5 million through a 1-for-1 renounceable entitlement offer priced at $0.001 per share, including free attaching options exercisable at $0.002. The capital will fund debt repayment, inventory expansion, marketing, and product launches.

WA Gold has delivered a robust scoping study for its Abercromby Gold Project, forecasting strong cashflows and low capital costs, while ramping up drilling at both Abercromby and Bullabulling projects with assay results imminent.