Latest Market News

Silk Logistics Holdings shareholders overwhelmingly approved the $174.5 million acquisition by DP World Australia, endorsing a 45.6% premium cash offer. The deal now awaits final court approval to complete by mid-August.

Forrestania Resources Limited has had its trading suspension lifted following the announcement of a proposed acquisition, signaling a pivotal moment for the mining explorer.

The ASX has suspended the securities of Antilles Gold, Heramed, and Syntara due to missed periodic report deadlines, signaling compliance concerns ahead of potential reinstatement.

Syrah Resources has successfully completed a A$42 million institutional placement and entitlement offer, with a fully underwritten retail offer set to raise a further A$28 million, bolstering its capital for key operations.

Locksley Resources has raised $5.3 million in an oversubscribed placement led by Tribeca Investment Partners, bolstering its U.S. critical minerals strategy focused on antimony and rare earths at the Mojave Project.

Duratec Limited has acquired EIG Australia for up to $9 million, significantly boosting its fuel infrastructure and electrical services capabilities across key Australian sectors including Defence and Mining.

Horizon Oil has completed the acquisition of significant stakes in two producing gas fields in Thailand, marking a strategic re-entry into the country and expanding its production footprint. The deal adds low-risk, cash-generative assets with long-term contracts, supporting Horizon’s growth and distribution plans.

Horizon Oil has completed its acquisition of significant interests in two producing gas fields in Thailand, adding 2,100 barrels of oil equivalent per day to its portfolio and expanding its footprint in Southeast Asia.

Infinity Lithium secures a three-month extension for its San José lithium project amid regulatory challenges, while reshuffling its board to pivot towards Australian precious metals.

Burgundy Diamond Mines reported a mixed Q2-2025 with increased ore mined and carats recovered but lower revenue and margins, prompting a strategic pivot away from Point Lake and an extended focus on Misery and Fox underground operations.

Norwood Systems has extended the repayment date on its key loan facility to August 2025, underscoring the critical role this funding has played in securing a major Optus contract and supporting its growth ambitions.

Tempest Minerals has identified a substantial new iron target, the Halo Prospect, near its Remorse magnetite deposit at Yalgoo. Historic samples show iron grades up to 62%, with promising magnetite and haematite mineralisation.