Latest Market News

Australian Strategic Materials has closed its Share Purchase Plan substantially oversubscribed, raising nearly four times its target to accelerate key growth projects including US expansion and ramping up its Korean Metals Plant.

Omega Oil & Gas has secured a $7.3 million refundable R&D tax offset for FY23, bolstering its financial position and supporting ongoing development of its promising Canyon Project in Queensland.

Firetail Resources has launched field exploration at its high-grade Excelsior Gold Project in Nevada, preparing for the first-ever diamond drilling campaign to unlock the site's significant gold potential.

Abacus Storage King has received a revised non-binding acquisition proposal from a consortium including Ki Corporation and Public Storage, with due diligence now underway. Securityholders are advised to hold tight as the independent board committee explores the potential deal.

Lunnon Metals has completed a detailed Scoping Study on its Baker and Foster nickel sulphide deposits, highlighting potential economic viability despite ongoing uncertainty over processing arrangements. The study recommends sequential mining starting with the fully permitted Baker deposit, which remains profitable even at current nickel prices.

Dragon Mountain Gold Limited announces a key board change with the appointment of Kenneth Robinson and secures a $700,000 loan to manage upcoming convertible loan repayments.

Australian Unity Limited has agreed to acquire Plena Healthcare for $70 million, significantly scaling its Home Health services and workforce. The move aims to create one of Australia's leading integrated healthcare providers, pending regulatory approval.

Patronus Resources has validated the Thunderball uranium deposit as a high-grade asset through a comprehensive re-assay program, with extensional drilling now underway to explore its growth potential in the Northern Territory’s Pine Creek region.

Gold Mountain Limited has outlined a significant Exploration Target at its Irajuba Prospect in Brazil, confirming high-grade rare earth mineralisation and setting the stage for imminent diamond drilling.

Wildcat Resources has reported significant lithium mineralisation from metallurgical drilling at its Tabba Tabba project, reinforcing its resource base and advancing feasibility studies.

Warriedar Resources has reported strong assay results from diamond drilling at its Ricciardo deposit, revealing wide, high-grade gold and antimony mineralisation that surpasses current resource estimates and signals significant growth potential.

Great Southern Mining has sold the Southern Star gold prospect licence to Regis Resources for up to A$9 million, including a strategic alliance to accelerate exploration in the Duketon Belt.