Latest Matter News

Brightstar Resources has secured A$82 million to accelerate exploration and early development work at Sandstone, where Two Mile Hill is emerging as a potential cornerstone asset. Genesis Minerals will invest A$30 million for a 5.4% stake, while Brightstar says Goldfields construction remains separately funded and on schedule for first gold in the June quarter of 2027.

IVE Group’s FY26 revenue slipped 1.8%, but stronger margins lifted underlying pre-AASB 16 NPAT by 3.0% to A$52.5 million and supported a higher final dividend. The marketing and communications group expects underlying pre-AASB 16 profit to be broadly stable in FY27 as new capacity and acquisitions begin to contribute.

Alara Resources delivered its strongest quarterly copper sales since commercial operations began, while production remained above nameplate capacity at its Oman mine. Yet the company says the parent may need to raise about A$6 million in FY27 to cover a projected cash shortfall.

Great Western Exploration has identified zinc-silver-lead mineralisation on the interpreted outer edge of a potential VHMS system at Seymour, near DeGrussa. The company is accelerating permitting for follow-up drilling, although its A$2.35 million cash balance covers an estimated 2.33 quarters at the reported spending rate.

Viridis Mining and Minerals Limited (ASX:VMM) has moved its Colossus rare earths project into execution after reporting a US$1.20 billion after-tax NPV and securing strategic equity commitments of up to US$120 million. The project still needs definitive debt, offtake and approvals before a Final Investment Decision can unlock full construction.

IDP Education has reaffirmed FY27 Adjusted EBIT guidance of A$95 million to A$115 million after using cost control, stronger yields and cash generation to cushion another sharp fall in international student volumes. The AGM also disclosed that the board had rejected an unsolicited acquisition proposal and had completed about A$11 million of a planned A$50 million buyback.

The Star Entertainment returned to positive quarterly EBITDA in Q1 FY27, with Sydney and Gold Coast revenue recording year-on-year growth for the first time since quarterly reporting began. The improvement comes alongside negative reported operating cash flow, continuing casino licence restrictions and unresolved going-concern uncertainties.

Clarity Pharmaceuticals has completed planned recruitment for its 383-participant CLARIFY Phase III trial of 64Cu-SAR-bisPSMA, moving the diagnostic candidate into patient follow-up. Topline sensitivity and specificity data are expected in the first half of 2027 and could support a US FDA application.

Stanmore Resources has declared a fully franked interim dividend of 2.2 US cents per share after a strong third quarter cut net debt by US$53 million. Record South Walker Creek production, higher coal prices and progress on the US$105 million Moranbah South acquisition strengthened the company’s position heading into the final quarter.

Black Horse Mining has uncovered a previously unrecorded underground crosscut at Mt Egerton, where face samples returned more than 10 grams per tonne of gold over two narrow intervals. The discovery comes as a silenced drill rig begins testing the project, with A$4.41 million in cash supporting an estimated 5.46 quarters of funding.

Carnaby Resources shareholders have approved Evolution Mining’s proposed scrip acquisition, leaving Court approval as the key remaining hurdle. The September quarter also delivered a 10% increase in Greater Duchess resources, although Carnaby ended the period with $6.4 million in unrestricted cash.

Alcidion will launch an on-market buy-back of up to 10% of its issued shares, giving the healthcare software company another way to deploy capital as cash generation improves. The maximum is a capacity, not a commitment, with purchases expected to be selective.