Latest Legal News

Ovanti sharply reduced its quarterly operating cash outflow to A$491,096, helped by higher customer receipts and cost reductions. But with only A$227,000 in cash, the ASX-listed fintech remains dependent on further funding, operating receipts and uncertain legal recoveries.

CuFe is seeking to take full ownership of its Tennant Creek copper-gold-bismuth project by issuing 1.6 billion shares to the holders of the remaining 45% interest. The deal could simplify development decisions, but would also leave Gold Valley and its associates with about 53% of CuFe if completed.

Regis Resources maintained FY27 production and cost guidance after September rainfall cut first-quarter output to 83.0koz and pushed AISC to $3,617/oz. Cash and bullion still rose to $1.28 billion, although a large tax payment and dividend have created a significant near-term cash call.

Critical Resources has secured exclusivity to acquire 90% of a 29 km² Suriname exploration project just 4 km from Zijin’s producing Rosebel mine. The strategic land position expands the company’s prospective Suriname portfolio, but the project has no reported exploration results, resources or reserves.

Kiwi Property has launched a seven-year senior secured green bond offer of up to NZ$200 million, with a minimum interest rate of 5.55% and an expected BBB+ issue rating. The final margin, interest rate and accepted amount will be set after a bookbuild on 23 October.

Algorae has secured exclusive Australian commercial rights across eight Umedica-branded molecules while separately advancing a Umedica-supplied product towards regulatory approval. The broader arrangement remains partly non-binding, with financial terms undisclosed and TGA approval still pending.

Jade Gas has begun drilling Mongolia’s first multilateral coal bed methane well at Red Lake, testing a five-branch design intended to improve future production. The milestone arrives as negotiations for a proposed US$762.5 million Phase 1 development advance, but binding agreements are now targeted for November.

European Lithium has secured a date for the Supreme Court of Western Australia to consider approval of its proposed acquisition by NASDAQ-listed Critical Metals Corp. Several transaction conditions have been satisfied, waived or appear on track, but securityholder votes and court approval remain outstanding.

Indiana Resources has completed drilling at Company Well and Minos, while heritage clearance unlocks the next stage at the 7km Ealbara gold anomaly. The exploration progress comes alongside a November CEO departure and an unresolved arbitration claim over US$13.05 million in Tanzania settlement proceeds.

Ramsay Health Care has cleared the first legal step towards distributing its 52.79% stake in Ramsay Générale de Santé to shareholders. The proposed demerger now goes to consecutive shareholder meetings on 24 November, backed by the board and Deloitte’s independent expert.

Matsa Resources has flagged material uncertainty over its ability to continue as a going concern after a $39.4 million FY2026 loss, negative net assets and a dispute that halted Devon mining. A pending $55 million AngloGold transaction could provide substantial liquidity, but most of the cash remains tied to completion and debt repayment.

Mayne Pharma has settled its final US Paragraph IV patent dispute over IMVEXXY with Teva, setting a potential generic entry date of 2 September 2032. The agreement removes ongoing litigation without an upfront payment, while leaving court approval and earlier-entry provisions to resolve.