Latest Australian Government News

Betashares Capital Ltd has announced a striking 200% estimated annual distribution for its Geared Long Australian Government Bond Complex ETF (GGAB) for the financial year ending June 2025, primarily driven by Australian interest income.

Renascor Resources has expanded its Marree project with a farm-in deal securing a standout uranium-copper prospect and is progressing drilling at Bulloo Creek alongside advancing its flagship battery anode materials facility.

Buxton Resources has commenced its inaugural drilling program at the Centurion Project, targeting a large IOCG geophysical anomaly in Western Australia, with government co-funding easing costs. Initial assay results are expected by early October.

Lord Resources has completed a detailed electromagnetic survey at its Ilgarari Copper Project, identifying multiple compelling drill targets and securing full permits for imminent drilling. The project’s proximity to a major copper mine and government support adds to its strategic appeal.

Group 6 Metals reported a $23 million loss for H1 2024 amid operational setbacks but completed a major $81 million debt-to-equity recapitalisation, setting the stage for a strategic turnaround.

Sparc Hydrogen, in partnership with the University of Adelaide, has won a $2.75 million Australian Government grant to advance its pioneering green hydrogen pilot plant. This funding underscores the commercial promise of its novel photocatalytic water splitting technology.

Imugene Limited has received a $5.87 million R&D tax refund, reinforcing its capacity to advance clinical trials in immuno-oncology. This funding milestone supports the development of its innovative cancer therapies, including CAR T cell treatments and oncolytic virotherapy.

Krakatoa Resources has initiated a pivotal two-hole diamond drilling program at its Stone Tank Nb-REE Prospect in Western Australia, targeting significant gravity anomalies that may reveal valuable rare earth mineralisation.

Cobalt Blue Holdings has secured a three-year extension to its Major Project Status for the Broken Hill Cobalt Project, reinforcing its strategic importance to Australia’s critical minerals sector and enhancing development prospects.

BlackRock Investment Management (Australia) Limited has announced the final cash distribution amounts for over 50 Australian-listed iShares ETFs, detailing key dates and investor options for reinvestment or cash payments.

Tigers Realm Coal’s ongoing efforts to divest its Russian mining assets have hit a significant impasse amid geopolitical tensions, regulatory hurdles, and a stalled sale agreement, leaving the company suspended from ASX trading.

Magnetite Mines has increased its Razorback Iron Ore Project resource estimate and is advancing strategic partnerships, while early saline water testwork shows promise for green iron production.