Latest Government It News

Nex Metals Explorations and Wangkatja Tjungula Aboriginal Corporation’s joint venture is set to acquire the East Scotia Gold Project, adding a strategically located asset with promising geology and minimal recent exploration to their portfolio.

InVert Graphite has completed the acquisition of RapidGraphite, gaining exclusive rights to the RapidPulse™ technology, and raised A$2.5 million to fund scale-up trials aimed at transforming battery-grade graphite production.

Storage King Group (ASX:SKG) reported a 46.6% drop in net profit for FY26, completing internalisation of its management platform and maintaining distributions, while setting a cautious but growth-focused FY27 outlook.

Microequities Asset Management Group saw a 20.1% drop in profit after tax for FY26, hit by sharp valuation falls in tech-heavy portfolios amid AI fears, despite a 1.5% revenue rise and a strong balance sheet.

Sierra Nevada Gold (ASX: SNX) is refocusing its exploration budget and management attention on its promising As Safra copper-gold project in Saudi Arabia, triggering a strategic review and commercialisation of its Nevada, USA portfolio which is attracting strong buyer interest.

Motio Limited delivered a robust FY26 with profit before tax rising to $1.622 million, underpinned by record revenue months and a strengthened balance sheet following a capital raise.

Baby Bunting Group delivered a 6.5% revenue rise to $556 million in FY26, alongside a 33.9% jump in pro forma net profit after tax, driven by its Store of the Future refurbishments and margin expansion.

Sarama Resources has offloaded its Cosmo and Mt Venn gold projects to Riedel Resources, securing a substantial equity stake while progressing a US$242 million arbitration claim against Burkina Faso.

Global X Metal Securities Australia Limited has issued a prospectus for five classes of securities tracking gold, silver, platinum, palladium, and a precious metals basket. The securities are physically backed, traded on ASX under AQUA Rules, and managed by JPMorgan Chase Bank.

Global X Metal Securities Australia Limited has refreshed its prospectus for five classes of precious metals securities, maintaining physical bullion backing and ASX AQUA listing, with detailed disclosures on structure, fees, risks, and tax implications.

Mayfield Childcare's Mayfield 360 division has achieved registration as an NDIS provider, enabling it to expand early intervention support services and transition from pilot to billable operations.

ECP Emerging Growth Limited reported a sharp 20.4% portfolio decline in FY2026 amid sector-wide challenges, yet declared a fully franked final dividend of 3.15 cents per share, supported by realised gains and reserves.