Latest Market News

ADX Energy has kicked off drilling mobilisation for its HOCH-1 shallow gas well in Upper Austria, aiming to tap prospective resources up to 17.3 billion cubic feet. The well spud is slated for mid-April, marking the first of three permitted gas prospects in 2026.

Whitefield Income Limited has declared fully franked monthly dividends of 0.583 cents per share for April through June 2026, delivering an annualised yield of 8.3% based on the March 31 share price. The company continues its approach of combining steady monthly payments with potential half yearly top-ups.

Tamboran Resources Corporation is extending its capital raise with a partially underwritten retail entitlement offer worth up to A$27 million, following a US$163 million institutional and public offering. The proceeds will accelerate drilling and resource delineation in the Beetaloo Basin, aiming to underpin first gas sales in 2026.

Lithium Plus Minerals has appointed mining veteran Andrew Haythorpe as CEO, aiming to accelerate development of its flagship Lei Lithium Project. The move signals a strategic shift as Executive Chairman Dr Bin Guo steps back from daily operations.

BluGlass has secured an upsized A$8 million placement, including a A$2.3 million cornerstone investment from its board and management, to accelerate its gallium nitride laser manufacturing and support a growing project pipeline.

PARKD Ltd has secured a $220,000 strategic investment from NSW concrete heavyweight Azzurri Concrete, reinforcing its modular construction push in the state and complementing its existing Queensland partnership.

Cue Energy Resources has locked in a multi-year gas sales agreement with the Northern Territory Government, underwriting the drilling of two new wells at Palm Valley. This deal replaces a prior tentative supply plan and promises stable cash flow through to 2034.

European Resources Limited (ASX: ERE) has repriced and relaunched a renounceable rights issue to raise up to $3.4 million, partially underwritten by Mahe Capital for $1.5 million, to fund metallurgical and exploration work at its Korsnäs rare earth project in Finland and Slovakian tenements.

TZ Limited has raised $810,000 through a placement of 16.2 million shares at 5 cents each, with one free attaching option per share subject to shareholder approval.

NT Minerals targets ASX reinstatement by acquiring the Endeavour Project via Slipstream Paynes Find, backed by a $810,000 entitlement offer and a planned share consolidation.

Central Petroleum has secured a binding gas sales agreement with the Northern Territory Government, underpinning two new Palm Valley wells that could lift production capacity by around 40%. The deal replaces a prior arrangement and is supported by an expanded loan facility.

Clara Resources has appointed Duncan Gordon as Executive Director, signalling a strategic pivot to accelerate exploration at its Mareeba Gold Project in North Queensland. Former Managing Director Peter Westerhuis steps down but remains as a consultant.