Latest Market Update News

Arrow Minerals revealed a previously confidential tenement acquisition following an ASX price query triggered by a sharp rise in its share price. The company attributes the price movement to multiple positive developments rather than the acquisition itself.

OceanaGold is set to acquire Ausgold and its Katanning Gold Project for A$776 million, adding a promising low-capital open-pit development in Western Australia with production expected in 2029.

FleetPartners has granted limited due diligence access to SG Fleet, Element Fleet Management, and ORIX following their indicative takeover proposals, signalling a cautious but open approach to potential acquisition bids.

Red Sky Energy reports progress on its Innamincka Dome drilling campaign, with civil works nearing completion for Yarrow wells and access approvals secured for the Willowie 2 appraisal well. Spud dates are set for late August and mid-October 2026, respectively.

Tourism Holdings Limited has upgraded its FY26 underlying net profit after tax to around $46 million, beating earlier guidance. The company reports strong vehicle sales in New Zealand and robust late bookings, particularly in North America, while net debt ended lower than expected.

Atturra reports FY26 underlying EBITDA in line with guidance despite softer revenue and announces a significant non-cash goodwill impairment tied to government contracts. The company plans substantial FY27 investment in AI, ERP, and education technology to drive organic growth.

Valiant Gold has successfully re-entered the Comet Underground Mine, uncovering better-than-expected conditions that could accelerate the mine's restart timeline. The company is progressing engineering and site works targeting 304,000 ounces from its 3.77Mt resource.

Tartana Minerals has received an unsolicited proposal from a global mining group offering a premium share placement and potential strategic partnership, but the board remains divided on the next steps.

Larvotto Resources rejects Austral Resources' non-binding bid for Hammer Metals, underscoring its binding scheme and operational strengths including imminent production at Hillgrove.

Element 25 has locked in a US$166 million grant from the U.S. Department of Energy to fund its Louisiana high-purity manganese sulphate monohydrate (HPMSM) facility, reinforcing its role in the evolving battery materials supply chain.

Advent Energy, in which MEC Resources holds a 37.95% stake, will challenge a Federal Court judgment on the PEP11 offshore gas exploration permit, with its subsidiary Asset Energy leading the appeal.

Neometals Ltd reveals ongoing delays in receiving A$5 million from Omaha Value Holdings for its Tranche 2 placement, with subscription funds now expected in multiple instalments. The company maintains its cash preservation measures amid uncertainty over final settlement timing.