Latest Competition News

New World Resources has increased its scheme offer to 5.5 cents per share, while rival Kinterra proposes a higher 5.7 cents off-market takeover bid. The board is reviewing the competing offers amid uncertainty over the final outcome.

Capricorn Metals has extended its mining contract with MACA Ltd for Karlawinda and named MACA preferred contractor for Mt Gibson, locking in cost certainty and supporting production growth.

Emerald Resources reports a softer June quarter at Okvau Gold Mine due to operational cutbacks but remains on track for full-year targets and ambitious expansion plans across Cambodia and Australia.

Legacy Iron Ore Limited announces a significant leadership reshuffle with CEO Rakesh Gupta stepping down immediately and Dr Ranajit Das appointed to lead the company from July 2025. Ben Donovan also joins the board as a Non-Executive Director.

Podium Minerals has successfully raised approximately A$2.6 million through an oversubscribed entitlement offer, securing strong shareholder support to advance key metallurgical work and maintain strategic tenements at its Parks Reef Project.

Brookside Energy has expanded its SWISH Play acreage in Oklahoma's Anadarko Basin by adding a fifth Drilling Spacing Unit, increasing its high-impact drilling inventory by over a quarter. This move strengthens its development pipeline ahead of a planned NYSE listing.

Virgin Australia Holdings Limited is set to list on the ASX, raising $685 million through a mix of new and existing shares, showcasing its transformation journey and strategic partnership with Qatar Airways.

Locate Technologies has raised an additional A$239,180 through its At-the-Market facility and expanded its Bitcoin treasury to over 10 BTC, reinforcing its financial strategy amid growth plans.

Excite Technology Services has landed a $676,000 contract with the Department of Home Affairs to enhance national digital forensics capabilities, marking a significant step in its government IT services growth.

Microba Life Sciences Limited has had its trading suspension lifted following a capital raising announcement, signaling renewed market activity for the healthcare company.

MA Income Credit Trust (ASX, MA1) has launched a fully underwritten wholesale placement to raise nearly $50 million, issuing new units at $2.00 each. The capital will support its core credit investment strategy without requiring securityholder approval.

PointsBet Holdings Limited updates shareholders on competing takeover bids, endorsing MIXI’s $1.20 cash offer while highlighting significant uncertainties and lower value in Betr Entertainment’s all-scrip proposal.