Latest Business Development News

Invictus Energy has raised $10 million in a placement to fund the drilling of the Musuma-1 exploration well, targeting a substantial gas and condensate resource in Zimbabwe’s Cabora Bassa Basin. The well, planned for H2 2026, aims to build on the Mukuyu discovery and accelerate commercial development.

AnteoTech (ASX: ADO) pushed forward its advanced battery and life sciences technologies in the March 2026 quarter, achieving key product validations and expanding its sales pipeline to record levels. The company ended the period with A$3.3 million cash and no debt following a recent A$3.5 million capital raise.

Castle Minerals has consolidated a dominant 184 km² landholding in Western Australia’s Murchison Gold District and advanced Côte d’Ivoire exploration toward drill-ready targets, supported by strategic leadership appointments.

ClearVue Technologies slashed its quarterly cash burn by 52.7%, trimming $6.9 million in annual costs, as it pushes forward with multiple international solar projects and key product certifications.

Recharge Metals Limited has completed the acquisition of the Sunset Well Gold Project in Western Australia's Leonora district, securing a near-surface inferred gold resource of 94,500 ounces. The company raised approximately A$5.97 million through a placement and rights issue, bolstering its funding and leadership team to advance exploration activities.

Perenti Limited has appointed Dr Vanessa Torres as its new Managing Director and CEO, succeeding Mark Norwell. With over 25 years of global mining leadership experience, Torres is set to lead Perenti into its next chapter of growth and diversification.

Duratec Limited has delivered its strongest half-year performance to date, reporting record revenue and gross profit across its diversified engineering and construction services. The company’s investor briefing highlighted robust order books, strategic growth in Defence and Energy sectors, and expansion into new regional markets.

Firebrick Pharma has successfully secured $1.5 million through a strategic placement, positioning itself to accelerate business development and launch new products in key markets.

Webjet Group announces the resignation of CEO Katrina Barry, who led the company through a major demerger and strategic overhaul. The company reaffirms its FY26 EBITDA guidance despite ongoing leadership changes.

Firebrick Pharma has secured its first regulatory approval for Nasodine Nasal Spray in Indonesia, paving the way for entry into Southeast Asia’s largest market. This milestone marks a significant step in the company’s international expansion strategy.

Lachlan Star Limited has appointed mining veteran Tony Kiernan as independent Non-Executive Chairman alongside Alan Thom as Non-Executive Director, marking a strategic board refresh aimed at accelerating the company’s growth in Western Australia’s gold sector.

Synertec Corporation Limited has reported a robust first half of FY26, with a 20% increase in group revenue and a significant $135 million engineering tender pipeline, underscoring its growing footprint in energy technology and engineering services.