Latest Lodging News

Condor Energy has completed an independent development study for its 1 Tcf Piedra Redonda gas project and received formal qualification to negotiate a proposed offshore Peru licence. The company ended the September quarter with A$2.945 million in cash and estimated funding of 6.62 quarters.

Peregrine Gold has advanced a portfolio of Pilbara gold targets, from a 4km auriferous palaeogravel zone at Capricorn to high-grade rock-chip results at Pilgangoora North. A $2.25 million placement strengthens the near-term exploration program, although quarter-end cash covered less than one quarter of reported outgoings before the raising.

Venari Minerals has lodged a prospectus for up to 8.14 million free options linked to its $6.1 million capital raising, with no immediate proceeds but almost $1 million possible if exercised. A separate 326,250-option allocation to directors now depends on fresh shareholder approval at the November AGM.

Genetic Signatures has added a new AGM resolution seeking approval to issue up to 340.7 million shares and 129.7 million options under its proposed Microba merger. The all-scrip transaction remains non-binding and subject to further shareholder, court, regulatory and due diligence conditions.

Sarytogan Graphite’s trading suspension is due to be lifted after the company releases details of a Supreme Court of Western Australia application over an inadvertently unlodged prospectus for SGAO Options. The filing provides no detail on potential orders, penalties or investor remedies.

OZZ Resources has completed its return to the ASX with a new critical minerals focus, but its $3.884 million cash balance is yet to translate into Bedaburra exploration spending. The company is now seeking to expand the Western Australian project while it rebuilds its exploration pipeline.

Strata Minerals advanced technical and environmental work at its Zelica Gold Project during the September quarter, while a 42,000oz maiden resource announced after quarter end gave the project a clearer development base. The company ended the period with A$1.4 million in cash and no debt, but remains pre-production and dependent on approvals, further studies and its BML Ventures partnership.

Reef Casino Trust’s independent directors have unanimously recommended Iris Capital’s $4.67-per-unit takeover offer, supported by an expert valuation that puts the bid above RCT’s assessed control value. Iris already held a 96.33% relevant interest as at 21 October, leaving the offer just below the stated compulsory acquisition threshold.

Reedy Lagoon has issued 1.44 billion shares at $0.00125 each, completing the shareholder-approved placement and injecting approximately $1.8 million before costs. The Section 708A notice clears the shares for trading without further disclosure, but the filing leaves the enlarged capital structure and use of funds unstated.

Identitii has lodged a prospectus for up to 4.435 million free options, designed to give shareholders a way to partly offset dilution from its convertible note funding. The offer costs nothing upfront, but the options are unquoted, time-limited and sit alongside a funding package that still has $2.4 million to be received.

Beamtree Holdings has paired 10% recurring revenue growth with a $13.1 million non-cash impairment and a year-end debt covenant breach. The ASX-listed healthcare software company is betting that a tighter product portfolio, new leadership and FY27 execution can stabilise the balance sheet.

Crimson Consulting Australia has declared its A$0.75-a-share cash offer for Kip McGrath Education Centres final, while extending the bid to 4 November and accelerating payment for accepting shareholders. The bidder now has an 82.07% relevant interest in Kip McGrath.