Latest Government It News

Connected Minerals (ASX:CML) is mobilising a ~6,000m reverse circulation and diamond drilling program at its Bailundo Carbonatite Project in Angola, aiming to define a maiden JORC Mineral Resource for niobium and rare earth elements.

Omega Oil & Gas is drilling ahead at the Canyon-3 appraisal well in Queensland’s Taroom Trough, targeting extensive Permian reservoirs that could define a significant new oil and gas province.

Tivan Limited has engaged ICA Natural Resources to lead the debt financing phase for its Speewah Fluorite Project, advancing the path to a Final Investment Decision amid secured equity backing and ongoing feasibility work.

Kingfish Limited posted a net loss of NZD 13.6 million for FY2026, underperforming the NZX50 benchmark, but showed early signs of recovery in FY2027. The company re-elected two directors and maintained its focus on quality growth stocks amid a cautious economic outlook.

Nick Scali Limited posted a 31% jump in net profit after tax to $75.7 million for FY26, driven by margin gains and UK sales recovery, and announced a fully franked final dividend of 39 cents per share.

Altamin Limited has locked in a $2 million unsecured loan facility from its major shareholder Victor Smorgon Group, providing non-dilutive funding to advance its Lazio and Gorno projects and shore up working capital.

A GWR shareholder has lodged an application with the Takeovers Panel alleging undisclosed control and association issues involving major nominee shareholders, raising potential breaches of the Corporations Act.

Iris Cairns Property Trust has waived all remaining conditions on its $3.87 per unit takeover bid for Reef Casino Trust, securing 80.97% ownership and setting a firm 14 August close date.

Western Mines Group has completed a $2.7 million placement to fund seismic surveys and drilling at its Mulga Tank nickel-cobalt-copper project, with a final tranche of shares pending shareholder approval.

Venari Minerals has kicked off a 12-hole diamond drilling campaign at its Red Mountain Lithium Project in Nevada to elevate a significant portion of its resource from Inferred to Indicated status, setting the stage for a maiden Scoping Study in early 2027.

American Tungsten & Antimony plans to restart and expand the Del Sol Refinery and White Spar Mine in the US, contingent on completing their acquisition. The company is preparing for increased processing capacity and new product lines while engaging with regulators and engineering firms.

Aerometrex expects FY26 EBITDA to more than double, driven by strong MetroMap subscription growth and record revenue, signalling a pivotal step in its SaaS transition.