Latest Market News

Perenti’s underground mining arm, Barminco, has won a significant three-year contract with Westgold Resources at the Great Fingall project, boosting its Australian mining portfolio and promising steady revenue growth.

Albion Resources has initiated a significant Reverse Circulation drilling campaign at its Yandal West Project, targeting historically rich gold zones with promising exploration potential.

Metals Australia has commenced a significant drilling campaign at its Warrego East Project in the Northern Territory, aiming to unlock copper, gold, and bismuth resources adjacent to historic mines in the Tennant Creek Mineral Field.

Magnum Mining & Exploration has successfully raised nearly half a million dollars through a non-renounceable entitlement offer, with a substantial shortfall offer now available to investors.

Champion Iron Limited has launched a US$450 million senior notes offering due 2032 to refinance existing debt and support corporate initiatives, signaling strategic financial repositioning.

New Frontier Minerals has finalized key drill targets for Heavy Rare Earth Elements, Niobium, and Uranium at its Harts Range Project, supported by a $59,000 Northern Territory government grant and progressing towards a maiden drilling campaign.

Audinate Group Limited has acquired Iris, a US-based SaaS platform for remote AV device control, in a deal valued up to US$28 million. This move strengthens Audinate’s video and control capabilities within its Dante ecosystem.

Audinate Group Limited is set to acquire US-based Iris Studio Inc for up to US$28 million, enhancing its cloud-based video production and remote camera control capabilities. This strategic move aims to integrate Iris’s AI-powered platform with Audinate’s Dante ecosystem, targeting growth in video and AV control sectors.

Electro Optic Systems Holdings Limited has explained a delayed filing of a director interest notice as an administrative oversight, affirming its compliance processes remain robust.

Noumi Limited has received Victorian Supreme Court approval for its $43 million class action settlement, closing a significant chapter tied to past financial restatements. The company’s insurer will cover its $11.56 million contribution, while legal costs will impact FY25 results.

Elders Limited has updated its dividend details for the six months ending March 2025, confirming an 18-cent per share payout, half of which is franked, with a Dividend Reinvestment Plan offering a 1.5% discount.

EML Payments has reached an in-principle agreement to settle a $37.36 million shareholder class action related to its 2020 acquisition, allowing the company to focus on its strategic growth plans.