Latest Australian Stock Exchange News

Sports Entertainment Group (SEG) is set to become the sole broadcaster of all three Victorian racing codes after agreeing to acquire RSN’s brand and broadcasting assets for $3.25 million.

Betashares Capital Ltd reveals the estimated annual distribution breakdown for its Australian Sustainability Leaders ETF (FAIR) for the 2024-25 financial year, highlighting a full cash payout and detailed tax components.

Western Yilgarn Limited has announced a maiden JORC Inferred Mineral Resource of 16.57 million tonnes at its Cardea 3 Bauxite Project, boosting its total bauxite portfolio to 205 million tonnes across Western Australia.

Barton Gold Holdings has moved closer to acquiring the 279,000-ounce Wudinna Gold Project from Cobra Resources, with significant shareholder backing ahead of the July 24 vote. This acquisition aligns with Barton's strategy to leverage its South Australian assets and scale production.

Topco, the new ASX-listed entity formed by the merger of Washington H. Soul Pattinson and Brickworks, has secured full equity funding of approximately $1.4 billion, setting the stage for the merger's next phase.

True North Copper has announced a significant new copper-cobalt-silver mineralised system at its Mt Oxide Project in Queensland, with initial drilling revealing high-grade zones starting near surface and open for expansion.

Creditors of Mosaic Brands Limited and its associated companies have resolved to place the group into liquidation, marking a significant development in the retailer’s ongoing financial distress.

Washington H. Soul Pattinson and Brickworks have announced a conditional placement of 14 million Topco shares and a concurrent repurchase of up to $450 million in convertible notes, setting the stage for their upcoming merger.

Sarama Resources has raised A$2.7 million through a well-supported equity placement to fund a maiden drilling campaign in Western Australia's Laverton Gold District and advance its arbitration claim against Burkina Faso.

Mandalay Resources Corporation has agreed to a plan of arrangement to be acquired by Alkane Resources Limited through its wholly owned subsidiary. Mandalay shareholders will receive 7.875 Alkane shares for each Mandalay share held, creating a combined gold and antimony producer with a strong balance sheet and diversified operations across Australia and Sweden.

Alkane Resources has moved forward with its planned merger with Mandalay Resources, scheduling shareholder meetings for late July to approve the deal that would create a diversified Australian-focused gold and antimony producer.

Elders Limited has updated its dividend details for the six months ending March 2025, confirming an 18-cent per share payout, half of which is franked, with a Dividend Reinvestment Plan offering a 1.5% discount.