Latest Connectivity News

Solstice Minerals has extended the Nanadie copper-gold system to at least 1.5km of strike, with deep diamond drilling returning broad mineralisation beyond the current resource boundary. The results include a 169.3m intercept at 0.87% copper and 0.29g/t gold, while more than 40 holes remain awaiting assays.

Cochlear is defending a class action filed in the Supreme Court of Victoria over its FY26 underlying net profit forecast. The claim covers investors who acquired interests in Cochlear shares between 15 August 2025 and 21 April 2026.

IODM Limited (ASX:IOD) increased FY2026 revenue by 16.9% and narrowed its net loss, but auditors flagged material uncertainty over the company’s ability to continue as a going concern. A post-year-end A$1.00 million placement is funding an expansion into North American universities while the business remains heavily reliant on external capital.

Felix Group Holdings has secured A$5.54 million in institutional funding and launched a further A$1 million shareholder purchase plan as it pivots towards an open procurement platform. The ASX-listed software company is also guiding to at least 15% revenue growth in FY27.

Tamboran Resources has moved into initial Beetaloo gas sales, but its first annual report after the milestone still records no fiscal 2026 revenue, a $30.5 million loss and substantial doubt about its ability to continue as a going concern. The company held $219.1 million in cash at June 30, yet faces heavy development spending, no proved reserves and a material weakness in financial controls.

Matsa Resources has received a $10 million deposit from AngloGold Ashanti for the early acquisition of selected Lake Carey tenements. Ministerial consent has been secured, but the remaining $45 million depends on outstanding third-party approvals.

Netwealth says two subsidiaries have been served with a class action linked to First Guardian investment options offered through its superannuation master fund. The claim follows a $101 million compensation program completed in January, but the announcement does not disclose the new action’s potential cost.

KALiNA Power returned to profit in FY2026 after booking A$19.6 million from the sale of a 180 MW Alberta load allocation linked to Meta. The company now has A$12.3 million in cash and four gas-fired power projects targeting about 900 MW, but future progress depends on fresh capital and project approvals.

Comet Ridge now controls the entire Mahalo Gas Hub after completing its Santos buyout, but the annual report flags a material uncertainty over funding and a potential $28.7 million CleanCo settlement. The company is targeting a final investment decision while remaining pre-production and reliant on further finance.

NoviqTech has secured binding commitments for a $1.805 million share placement, but the raise cannot complete until shareholders approve it. The company remains suspended, and ASX has not agreed that the proposed funding package will be enough for reinstatement.

ClearVue Technologies and LandVac have begun the first real-world deployment of their jointly developed photovoltaic glazing at a Macau hotel. The side-by-side test will measure power generation, thermal performance and cooling demand against legacy single glazing, giving the project its first operating data outside development conditions.

Odyssey Gold’s latest drilling has added high-grade hits outside current resource boundaries and strengthened the case for a connected Cable-Bollard-Highway mineralised system at Tuckanarra. Preliminary fresh-rock testwork also returned recoveries of up to 99%, although the results remain exploration-stage and an updated resource is still to come.