Latest Market News

Elixir Energy’s upcoming Lorelle-3 appraisal well in Queensland’s Taroom Trough has qualified for a substantial federal R&D tax incentive, covering nearly half of its drilling and testing costs. This financial boost underpins the company’s ambitious plans to validate a major gas play in 2026.

Mandrake Resources has signed a term sheet with DISA Technologies to explore recovering uranium and critical minerals from abandoned mine waste in Utah, leveraging a unique US regulatory license and strong government backing.

NexGen Energy Ltd. reported a significant net loss for the nine months ended September 30, 2025, driven by mark-to-market losses on convertible debentures and impairment charges. The company bolstered its liquidity with a $953 million equity raise post-period.

Jade Gas Holdings has signed a non-binding Letter of Intent with Chinese partner Langrun for up to A$70 million in non-dilutive financing to fast-track its Red Lake LNG project in Mongolia. This deal could significantly advance drilling, production, and gas processing operations.

AUB Group has approved EQT's partnership with CVC Asia Pacific to jointly pursue a $45 per share acquisition, extending exclusivity to December 4 as due diligence continues.

Monadelphous Group Limited has raised its revenue guidance for 2025, buoyed by strong contract awards and elevated activity across its engineering and construction divisions.

News Corporation reported a 2% revenue increase to $2.144 billion for Q1 FY2026, driven by growth in Dow Jones and Digital Real Estate Services, while Book Publishing faced headwinds. Net income rose 4% to $150 million, supported by operational efficiencies and a robust balance sheet.

Marmota Limited is advancing its Greenewood gold project with a substantial Stage 2 drilling campaign following exceptional bonanza-grade results from its maiden program. The upcoming program aims to build on promising early assays that highlight Greenewood’s potential as a key asset in the Gawler Craton.

8I Holdings Limited has reported a remarkable 255% surge in net profit for the half-year ending September 2025, yet it has chosen not to declare any dividends. Investors are left weighing strong gains against cautious capital management.

Black Canyon Limited has launched a diamond core drilling program at its Wandanya Project to deepen metallurgical understanding of its manganese and iron deposits, aiming to refine processing and product quality ahead of development.

Dynamic Metals Limited is progressing exploration licence applications for the Meentheena Fluorite Field in Western Australia, targeting a historically high-grade fluorite deposit critical to clean energy and semiconductor industries.

Perpetual Credit Income Trust (PCI) has announced a $267 million entitlement and shortfall offer priced at $1.10 per unit, aiming to bolster its investment capacity in Australian credit markets. The offer presents a 9.1% discount to recent trading prices and is designed to enhance liquidity and scale for existing and new investors.