Latest Lodging News

Peet’s proposed takeover by Ingenia has cleared its first formal Court hurdle, with ASIC registering the Scheme Booklet ahead of a shareholder vote on 7 December. Kroll says the deal is fair and in shareholders’ best interests, but ACCC clearance, Flagstone documentation and a second Court hearing remain outstanding.

Macallum New Energy has completed the first tranche of its placement, raising A$2.88 million before costs through the issue of 20.6 million shares. The company has also lodged a cleansing notice confirming that no excluded information required disclosure at the notice date.

Hawk Resources has acknowledged that historical portable XRF readings underpinning its Olympus scandium story lacked calibration, quality-control and detection-limit records, and were not reliable indicators of scandium grades. The company maintains its original disclosure complied with ASX rules and the JORC Code, but says it will no longer use the historical results.

Savannah Goldfields has paused Georgetown production after processing its available Big Reef ore, with mining not expected to resume until the second quarter of 2027. The company ended September with A$1.23 million in cash and remains reliant on a material financing transaction while its securities stay suspended.

Whitehaven Coal’s Winchester South project has received a recommendation for approval from the Queensland Land Court, advancing a key regulatory process. Final Queensland decisions and Commonwealth environmental approval are still required before the project can proceed.

oOh!media shareholders have taken the proposed $1.68-per-share I Squared Capital takeover to its decisive meeting, with proxy and direct votes showing 99.81% support by votes cast. The final poll result was still to be announced, while FIRB approval remains the key outstanding regulatory hurdle.

Terramin Australia faces an ASX compliance test after lodging a director interest notice seven days after the exchange says it was due. The company must explain the delay and its disclosure controls by 4 November or risk a trading halt or suspension.

LE Minerals finished FY2026 with a $48.17 million statutory profit, but the result was dominated by a one-off $58.14 million gain from selling its Solaroz lithium project interest. The company now has a substantial cash buffer to fund Queensland and Utah exploration while it seeks approval for a conditional $20 million graphite sale and spin-out.

Scorpion Minerals has strengthened the development case for its Old Prospect gold deposit, with a new open-pit optimisation identifying 16,159 ounces at a A$6,000 per ounce gold price. The project now has a proposed processing pathway and a mining lease application in the Right to Negotiate stage, but funding remains limited as drilling and studies ramp up.

Zuleika Gold will resume its exploration-led strategy after CZR Resources formally withdrew its all-scrip takeover offer. The company ended September debt-free with $42.1 million in cash and liquid assets, while assays and several drilling programmes remain ahead.

Riversgold has lodged the final major operating proposal for its Northern Zone gold project near Kalgoorlie, with MEGA Resources committed to fund mining under a 50/50 profit-sharing arrangement. But the explorer ended September with $465,000 in cash, equivalent to just 0.63 quarters of funding on its reported burn rate.

Orbit Resources has deferred the proposed Matrix Critical Minerals IPO after the offer failed to reach its minimum, cancelling next week’s shareholder meeting and returning funds received. The move preserves Orbit’s 100% ownership of the Narraburra rare earths project, but leaves its funding pathway unresolved.