Latest Financial Position News

Kingston Resources is embarking on a 25,000m drilling campaign at its Mineral Hill polymetallic mine, aiming to extend mine life and boost production with a plant expansion from 350ktpa to 700ktpa.

TZ Limited (ASX:TZL) is raising $3.08 million through a $0.50 million placement and a $2.58 million entitlement offer at 3 cents per share to repay debt, fund acquisitions, and accelerate product development.

Reach Resources has bolstered its war chest by $800,000 through the sale of non-core lithium assets to Delta Lithium, receiving half in cash and half in shares. This deal terminates their joint venture, cutting future holding costs and sharpening focus on the Murchison South gold project.

Delta Lithium Limited has acquired key tenements at its Yinnetharra Project, gaining full control over 170 km2 of lithium prospective ground. The company also reports a notable gold occurrence at Mason’s prospect and continues extensive exploration across its large tenure.

PC Gold has reported compelling new gold assay results from its Spring Hill project, alongside a strategic tenement acquisition that expands its landholding by 68km². The company is ramping up exploration with four rigs and a $22 million cash buffer, setting the stage for resource growth beyond the imminent update.

Vita Resources has raised $2.9 million through a heavily supported share placement to accelerate exploration at its Australian and Canadian projects, while pursuing new gold and critical minerals opportunities.

Odessa Minerals has revealed promising rare earth and lithium assay results from its Lockier Range Project in WA, highlighting potential carbonatite-hosted REE mineralisation at Mt Yaragner and fertile lithium pegmatites at the Southern Pegmatite Field.

Perseus Mining has boosted its on-market share buy-back program by A$50 million to A$150 million, reflecting confidence in its balance sheet and cash flow generation while maintaining funding for organic growth.

WasteCo Group has inked a $10 million funding deal with PFNZ Limited, enhancing its working capital and financial flexibility to support operational improvements and future expansion.

Anax Metals has raised $6 million through a placement of 176 million shares at 3.4 cents each, expanding its capital base without shareholder approval by utilising existing ASX placement capacity.

TZ Limited has voluntarily suspended trading of its shares on the ASX as it prepares to announce a significant capital raising. The suspension aims to ensure compliance with disclosure rules while the transaction is finalised.

Cue Energy’s Independent Board Committee has doubled down on its unanimous recommendation for shareholders to reject Horizon Oil’s takeover offer, which remains at a low acceptance level and declared 'best and final'.