Latest Government It News

Evolution Energy Minerals initiates a strategic review and cost-cutting at its Chilalo graphite project while progressing a farm-out deal for its Chikundu Cu-Pb-Zn VHMS prospect with Oscillate plc.

Variscan Mines Limited reported standout high-grade zinc and lead drill results from its Novales-Udias Project in northern Spain, alongside strong governmental support that bolsters its mine restart ambitions.

Rare Foods Australia has secured shareholder approval to voluntarily delist from the ASX, while implementing significant cost reductions and achieving record growth in its Subsea Estate wine brand.

Gullewa Limited reported a positive cash flow quarter ending March 2025 and increased its ownership in Central Iron Ore Limited to 54.46%, signaling strategic consolidation in its iron ore interests.

Bindi Metals progresses its Lisa Project application with Serbia’s Ministry while identifying promising gold and antimony drill targets, maintaining a solid cash position of $1.734 million.

HITIQ Limited is pivoting towards grassroots athletes with its upcoming PROTEQT concussion management system, backed by strategic partnerships and fresh funding. The company aims for a cashflow positive future as it prepares for commercial rollout.

Pioneer Lithium Ltd has bolstered its uranium portfolio with acquisitions in Colorado and Namibia, confirmed significant mineralisation, and secured $1.62 million to fund exploration under new CEO Michael Beven.

Xstate Resources has acquired a 51% stake in the Diona project, setting the stage for its ASX re-quotation and a planned drilling campaign in the third quarter of 2025. The company is also undertaking a capital raise of at least $1.5 million to support these initiatives.

Kingsgate Consolidated Ltd delivered a robust March 2025 quarter with a 15% rise in gold production and a 13% reduction in all-in sustaining costs, achieving record margins amid operational and exploration advances.

Hydralyte North America reported a 16% rise in Q1 FY25 net sales and improved gross margins, supported by a strategic capital raise and upcoming product launches targeting brain and gut health.

Verity Resources reports significant progress at its Monument Gold Project in Western Australia, confirming a 1.1km gold mineralised strike at Fred’s Well and initiating steps to upgrade its resource base. The company also raised $308k via placement and launched a $1.1 million renounceable rights issue to fund further exploration.

Highfield Resources has made significant progress on its strategic transaction with Yankuang Energy and Beijing Energy, securing key regulatory approvals and restructuring its financing amid disciplined cost management.