Latest Market News

Loyal Metals reveals a strategic pivot to copper with its Highway Reward mine, tapping into remnant resources and AI-driven exploration to capitalize on soaring commodity prices.

Washington H. Soul Pattinson and Brickworks have finalized their share schemes, exchanging existing shares for Topco shares and marking Brickworks’ imminent ASX delisting.

Washington H. Soul Pattinson and Brickworks have completed their share scheme implementations, exchanging existing shares for Topco shares and marking a key step in their corporate combination. Brickworks will delist from the ASX, while Topco shares begin normal trading.

Altamin Limited has successfully closed the institutional tranche of its 45-for-100 entitlement offer, raising $3.43 million with full participation from its major shareholder, the Victor Smorgon Group. The retail offer opens on 29 September, presenting shareholders with a chance to invest at the same price.

Algorae Pharmaceuticals has secured an exclusive licensing agreement with Sakar Healthcare to introduce five generic oncology medicines in Australia and New Zealand, marking its first commercial foray in the region.

Cyclone Metals has restructured its management, appointing Paul Berend as CEO of the Iron Bear Project while the Board temporarily oversees corporate functions during the search for a new CEO.

Myer Holdings reported a 13.8% revenue increase in FY25, boosted by its acquisition of Apparel Brands, yet faced a statutory net loss of $211.2 million due to goodwill impairment. The integration of Apparel Brands is underway, with strategic growth initiatives in motion.

The European Medicines Agency has approved continuous bi-monthly dosing of CLINUVEL’s SCENESSE® for adult erythropoietic protoporphyria patients, removing previous annual dose limits and aligning Europe with US treatment standards.

Mineral Resources Limited has priced a US$700 million senior unsecured notes offering at 7.000%, aiming to refinance its existing higher-cost debt due in 2027. The move signals a strategic effort to optimise its capital structure amid evolving market conditions.

Diablo Resources has wrapped up its maiden drilling at the Phoenix Copper Project in Utah, with assay results pending and plans underway for further exploration at the Fair Dinkum Prospect. The company is also eyeing expansion across the US critical minerals sector amid supportive government initiatives.

Sunshine Metals has completed nine diamond drill holes at its Sybil project’s Francis Creek prospect, intersecting multiple epithermal gold veins with encouraging geological textures. First assay results are expected in early October 2025, potentially shaping the future of this underexplored Queensland gold system.

Golden Horse Minerals has confirmed significant high-grade gold mineralisation at its Hopes Hill project in Western Australia, prompting an accelerated drilling program with four rigs now active. The latest diamond drilling results reinforce the potential for a substantial gold resource.