Latest Finance News

Key Petroleum Ltd has completed a modest 3% share placement but will not proceed with the remaining 13%, leaving questions over its funding strategy.

Sarytogan Graphite Limited has received over $2 million from key investor Dias Sarsenov, advancing its share placement strategy and preparing for a pivotal board appointment. Meanwhile, a significant top-up investment from the EBRD awaits shareholder approval.

Image Resources NL has extended its prepayment facility term to December 2026 and negotiated a six-month repayment holiday to ease cashflow pressures amid a soft mineral sands market.

Patriot Resources has appointed Dominic Duggan as Managing Director and CEO, signalling a strategic push to advance its global mining projects. Duggan’s blend of technical and financial expertise is expected to steer the company through its critical development stage.

Little Green Pharma has terminated its planned sale and leaseback of its Western Australian production facility after failing to reach commercial terms, choosing to retain ownership without impacting operations.

Turners Automotive Group has raised its net profit guidance for FY26 to $63 million, driven by robust vehicle sales and record finance lending, despite a goodwill write-down in its EC Credit division.

Sheffield Resources has resumed mining and processing at its flagship Thunderbird Mineral Sands Mine following repairs to critical equipment, signalling a return to production at this major Western Australian asset.

Ovanti Limited launches its One Financial Superapp powered by Isentric, combining instant payments, DeFi yields, BNPL, and AI financial advisory in a unified platform targeting underbanked markets.

Viridis Mining and Minerals has raised AU$25 million through a heavily oversubscribed placement, bolstering its cash position to approximately AU$76 million as it advances the Colossus Rare Earth Project towards a Final Investment Decision in Q3 2026.

West Wits Mining has poured its first gold from the Qala Shallows project in South Africa, marking a pivotal shift from development to production. This milestone positions the company as the newest gold producer in the historic Witwatersrand Basin.

Sovereign Metals has significantly upgraded its Kasiya Rutile-Graphite Project resource, increasing measured and indicated rutile by 32% ahead of its definitive feasibility study. This cements Kasiya as the world’s largest natural rutile deposit, reinforcing its strategic importance in critical mineral supply chains.

Strike Resources has agreed to sell a further 28.52% indirect stake in its Apurimac Iron Ore Project to JE United Ltd for A$5.5 million, while securing a US$5 million credit facility to accelerate project development and iron ore marketing.