Latest Market News

Somerset Minerals reports promising initial assay results from its Coppermine Project in Nunavut, confirming extensive high-grade copper mineralisation and suggesting a growing system at depth.

Larvotto Resources has formalised a key contract to upgrade its Hillgrove processing plant, aiming to become a major antimony producer by late 2026. Early works are progressing, with commissioning set to unlock new production capacity.

Capricorn Metals has increased its offer to acquire Warriedar Resources, raising the share exchange ratio and securing unanimous board support. The revised terms enhance value for Warriedar shareholders ahead of upcoming votes.

Krakatoa Resources is rapidly advancing exploration at its Zopkhito Gold and Antimony Project in Georgia, with underground core sampling and a two-rig diamond drilling program targeting a maiden JORC-compliant resource. The project’s strategic location offers a rare European source of critical minerals amid global supply concerns.

Regis Resources delivered gold production in line with guidance for the September quarter, boosting its cash and bullion reserves to $675 million. Investors await the full quarterly report for deeper insights.

Fortescue Ltd has initiated a US$600 million tender offer to repurchase select senior notes, aiming to streamline its debt profile and support sustainability financing efforts.

DevEx Resources has identified extensive multi-element uranium anomalies at its Murphy West Project in the Northern Territory, showing geochemical parallels to Queensland’s Junnagunna deposit. The company is advancing towards drilling in early 2026 to test these promising targets.

Summerset Group has achieved its highest-ever quarterly sales of occupation rights, driven by strong demand for care-related living options and steady growth beyond major cities.

Tombador Iron Limited, soon to be Atomic Eagle Limited, is set to acquire Canadian uranium explorer GoviEx Uranium Inc and relist on the ASX, backed by a $5–10 million capital raise to advance its flagship Muntanga Uranium Project in Zambia.

Bathurst Resources’ subsidiary Telkwa Mining has released an updated feasibility study for its Tenas Steelmaking Coal Project, confirming reserve validity and boosting project valuation despite significant cost inflation.

Jayride Group Limited’s shares have been suspended from trading on the ASX following concerns over its financial health and a critical auditor’s disclaimer. The suspension highlights significant regulatory scrutiny and investor risk.

Magmatic Resources has responded to ASX queries over a recent spike in its share price and trading volume, confirming no undisclosed information exists. The company points to pending assay results from its Weebo Gold Project drilling as the likely catalyst for market interest.