Latest Capital Allocation News

Alice Queen's subsidiary Monzonite Metals has agreed to sell its non-core NSW tenement EL8646 to Alkane Resources for $900,000 cash, sharpening focus on the Horn Island Gold Project in Queensland.

Many Peaks Minerals has revealed a major down-dip extension of gold mineralisation at its Ouarigue prospect in Côte d’Ivoire, highlighted by a 36m intercept at 2.64g/t gold from 600m depth. The results support ongoing resource growth and underpin plans for an updated Mineral Resource Estimate by the end of September.

Stonehorse Energy has sold its US Lone Star oil and gas interests for US$1.114 million, shifting focus to expanding its Drumheller development program in Alberta.

Lightning Minerals has identified two distinct gold target corridors within the Western Zone of its Mt Turner Project, highlighting a 1km-long intrusion-related gold anomaly and multiple epithermal-style trends. Follow-up sampling and trenching are planned to refine these targets ahead of drilling.

Brookside Energy has expanded its US production base by acquiring Lone Star’s oil and gas interests, adding 123 BOEPD of low-decline, cash-flowing assets without issuing new equity.

Australian Unity Limited (ASX:AYU) posted a statutory loss of $155.2 million for FY2026, reflecting regulatory headwinds, transformation costs, and sector disruptions, while advancing its climate risk management and strategic portfolio adjustments.

Basin Energy has offloaded its Marshall Uranium Project in Canada to Green Canada Corporation, securing cash, equity, and strategic rights while freeing resources to focus on its Sybella-Barkly discovery in Queensland.

Collins Foods posted record FY26 revenue and underlying profit, exited Taco Bell to focus on KFC growth, and outlined ambitious expansion plans in Germany and Australia.

Thorney Opportunities Ltd swung to a $4.44 million loss before tax in FY2026, weighed down by unrealised investment losses, yet increased its final dividend and pressed on with share buybacks.

BLS Pharmaceuticals (ASX: BLS) reported a standout FY26 with revenue surging 161% to $74.2 million and net profit more than tripling to $15.4 million, driven by expanded manufacturing and major international contracts including a $50 million German supply deal.

The Star Entertainment Group narrowed its net loss to $307 million in FY26, boosted by refinancing, operational improvements, and a joint venture exit, while navigating ongoing regulatory scrutiny and remediation efforts.

Audeara Limited delivered record FY26 revenue of $4.45 million, driven by a 45% surge in Australian wholesale sales and progress in AI audio licensing with OPTEK Microelectronics. The company narrowed its loss and advanced Auracast deployments across retirement villages and education sectors.