Latest Materials News

Mayne Pharma rebuffs Cosette's claim of a material adverse change in their merger scheme and secures FDA clearance on regulatory concerns, maintaining its commitment to the deal's completion.

Washington H. Soul Pattinson and Brickworks Limited have agreed to merge, creating a $14 billion ASX-listed entity and prompting key changes for Soul Patts' convertible notes. The deal simplifies their cross-shareholding and promises enhanced scale and diversification.

I Synergy Group Limited has announced a fully underwritten pro-rata renounceable entitlement offer to raise up to $1 million, aiming to bolster working capital and fund key operational initiatives. The offer, underwritten by VGI Vmall Limited, will significantly increase the company's shares on issue, with potential dilution risks for non-participating shareholders.

Black Canyon Limited has clarified that its recent share price and volume spike is linked to the upcoming second phase of drilling at its Wandanya manganese project, with no undisclosed information influencing trading.

Lake Resources N.L. has upgraded its Kachi lithium brine resource in Argentina, increasing the Measured and Indicated lithium carbonate equivalent to 8.2 million tonnes, supported by new drilling data and enhanced lithium recovery technology.

Magnum Mining and Exploration Limited has announced a pro-rata entitlement offer to raise up to $2.24 million, aiming to fund key exploration projects across Brazil, the US, and Nevada. The offer carries significant dilution risks for non-participating shareholders and underscores ongoing operational uncertainties.

Prodigy Gold NL has updated its Mineral Resource estimate for the Tregony Gold Deposit, reporting a 25% increase in gold ounces to 80,000oz, driven by 2024 drilling and a lower cut-off grade. The company plans further drilling in 2025 to build on this momentum.

Kingston Resources reports exceptional high-grade gold and copper intercepts from underground drilling at Mineral Hill’s Southern Ore Zone, revealing significant potential to expand the mine’s resource base and extend its life.

Turaco Gold’s latest drilling at the Toilesso prospect confirms multiple high-grade gold shoots along the Afema Shear, signaling promising resource growth potential beyond the current 3.55Moz estimate.

Savannah Goldfields has announced a promising new gold Exploration Target at its Big Reef Deposit within the Georgetown Project, potentially extending its resource base and supporting imminent mining plans.

Maronan Metals has significantly expanded its resource confidence at the Maronan Project, reporting a 2.5-fold increase in the Indicated Silver-Lead resource and introducing a maiden Indicated Copper-Gold resource. This update underscores the project’s growing potential as it advances towards development.

Treasury Wine Estates faces a pivotal shift as RNDC ends its California distribution, prompting a strategic rethink amid a slightly lowered FY25 EBIT forecast.