Latest Market Conditions News

Cokal Limited has secured US$15 million in strategic debt funding to ramp up metallurgical coal production at its BBM mine, while terminating all agreements with Cratus due to non-performance.

Felix Gold Limited has launched field exploration and development at its Treasure Creek Antimony Project in Alaska, aiming for potential antimony concentrate production by late 2025. The company is progressing drilling, environmental studies, and engineering design to support a feasibility study and permitting.

Austin Engineering has raised its FY25 revenue guidance to $370 million, driven by strong growth in the Americas, but has lowered its EBIT forecast due to operational challenges in Chile.

Helia Group announces the departure of CEO Pauline Blight-Johnston after five years, appointing CFO Michael Cant as interim CEO amid evolving market conditions. The leadership change signals a strategic pivot for the lender mortgage insurer.

Pilbara Minerals Limited has announced a significant 2025 Mineral Resource update for its Pilgangoora Operation, increasing contained lithium oxide by 23% to 5.7 million tonnes and reinforcing its status as a global lithium powerhouse.

Kore Potash has signed non-binding term sheets with OWI-RAMS for a $2.2 billion funding package to develop its flagship Kola Potash Project in the Republic of Congo, combining senior secured finance and royalty-based funding under Shariah principles.

Finder Energy has spotlighted its Kuda Tasi and Jahal oil development opportunity at the APAC Energy Capital Assembly, revealing a robust resource base and a streamlined development strategy promising rapid returns.

Aguia Resources has locked in $750,000 through convertible notes to bolster working capital, pending shareholder approval expected in mid-July. The notes carry a 10% interest rate and come with free options, signaling cautious optimism about the company’s near-term funding needs.

Lightning Minerals has advanced its lithium exploration at the Dundas project in Western Australia through a detailed infill soil sampling program, revealing promising lithium concentrations that refine existing targets.

Stavely Minerals has launched a new drilling campaign at its Fairview North gold prospect, aiming to validate a major mineralised trend linking gold and copper-silver deposits in western Victoria.

Prodigy Gold NL has announced a non-renounceable entitlement offer aiming to raise approximately $6.35 million to fund exploration and development across its key gold projects in the Tanami region. The offer is partially underwritten, providing a degree of funding certainty amid ongoing market and operational risks.

Metcash Limited is consolidating its Independent Hardware Group and Total Tools Holdings into a single entity to strengthen its hardware business, while FY25 earnings are poised to slightly exceed market expectations.