Latest Legal Challenges News

Aguia Resources has sold 825 tonnes of Pampafos since 15 September while a 30,000-tonne ore stockpile awaits processing. The progress comes as the company faces an unresolved court challenge to its Tres Estradas phosphate project and begins permitting work at Passo Feio.

Port of Tauranga’s Stella Passage development has been hit by an appeal and a judicial review application from tangata whenua parties. The port says the project remains urgent and will seek the earliest possible court hearing, but has disclosed no estimate of the legal or financial impact.

Aguia Resources has begun commercial Pampafós phosphate production in Brazil and improved Santa Barbara gold recoveries, but its annual report carries a material going-concern warning. A Brazilian court has also declared the Três Estradas environmental licensing process null, leaving the company’s flagship new operation exposed to an unresolved legal fight.

The Takeovers Panel has allowed Pengana Capital Group to withdraw its challenge to Pengana International Equities’ buy-back and proposed rights issue, but stopped short of endorsing the transactions. The regulator said it remained concerned about the structure and warned that settlement terms must not obstruct future proceedings.

Netwealth says two subsidiaries have been served with a class action linked to First Guardian investment options offered through its superannuation master fund. The claim follows a $101 million compensation program completed in January, but the announcement does not disclose the new action’s potential cost.

Sigma Lithium says its Brazilian mining and processing operations remain active after reports of a preliminary court ruling allegedly suspending its environmental licences. The ASX-listed producer says it has received no legal notice and will begin its formal defence when Brazilian courts resume on September 8.

Phoslock Environmental Technologies has advanced a new range of lanthanum-enhanced phosphorus-binding products showing up to four times the capacity of current offerings, with pilot and manufacturing tests confirming strong performance and low lanthanum release. Field trials are underway, aiming for commercial sales in 2027.

Celsius Resources disputes foreclosure attempts by Equinaire over its 40% stake in Makilala Mining amid court rulings and pending arbitration.

Pengana Capital Group has lodged a formal application with the Takeovers Panel contesting the legitimacy and disclosure of Pengana International Equities’ recent capital management moves, including a contentious buy-back and rights issue.

Pengana International Equities (ASX: PIA) posted a sharp 82% plunge in net profit for FY26, triggering a strategic board reshuffle and a capital management package including a special dividend and buy-back proposal.

PT ANTAM (ASX:ATM) posted a 6% increase in net sales to Rp62.71 trillion in the first half of 2026, driven by steady gold, nickel, and bauxite sales. Profit after tax surged 34% to Rp6.91 trillion, supported by improved margins and foreign exchange gains.

Celsius Resources has lodged a disciplinary complaint seeking the disbarment of key lawyers from Sarmiento Loriega Law amid governance disputes at Makilala Mining and its MCB Copper-Gold Project.