Latest New South Wales News

Count Group (ASX:CUP) will acquire 75% of Skybridge Financial in its largest equity partnership investment to date, combining a regional accounting platform with $1.4 billion of funds under advice. The deal is being funded partly through a fully underwritten A$25 million placement and is expected to be mid to high single-digit EPS accretive in FY2027 before synergies.

Right Resources has identified a 3-kilometre interpreted shear zone hosting surface tungsten mineralisation at its Moonlight Prospect in New South Wales. Initial rock-chip assays reached 0.61% WO3, but drilling is still needed to establish continuity, scale and economic significance.

Manuka Resources recorded A$3.906 million in October precious-metals sales from three Wonawinta deliveries, as the restarted plant moved towards a weekly shipment rhythm. The next test is whether November volumes and head grades can build consistently from here.

Sunrise Energy Metals has approved development of its Syerston Scandium Project in New South Wales, targeting first commercial production in the second half of 2028. The decision moves the project into construction while leaving financing, listing and execution milestones ahead.

Regis Resources has extended gold mineralisation beyond existing reserves at Garden Well and identified fresh-rock mineralisation beneath the largely regolith-hosted Moolart Well deposit. Strong intersections at Beamish South are now feeding a Mineral Resource update and potential Ore Reserve assessment.

Orbit Resources has deferred the proposed Matrix Critical Minerals IPO after the offer failed to reach its minimum, cancelling next week’s shareholder meeting and returning funds received. The move preserves Orbit’s 100% ownership of the Narraburra rare earths project, but leaves its funding pathway unresolved.

NT Minerals ended September with $142,000 in cash and an estimated 0.47 quarters of funding, while its ASX suspension remained unresolved. The company is pursuing additional funding and disputing responsibility for potential rehabilitation costs at the McKinnons Gold Mine.

Adavale Resources has lifted its Parkes Project gold inventory to 383,300 ounces after completing an 85-hole drill programme and consolidating the London-Victoria to Calarie corridor. The gains come with only A$535,000 in quarter-end cash, although a A$4.65 million placement is now being deployed to fund drilling and a November Scoping Study.

Helix Resources has won shareholder approval for two exploration acquisitions and completed a $2 million placement, but entered the new quarter with only $63,000 in cash. The company is also facing an adverse British Columbia court order that set aside its Gold Basin joint venture.

Alice Queen’s first 20 Horn Island RC holes all intersected mineralised geological features, with assays returning grades as high as 68.0g/t gold and extensions beyond the existing resource boundary. Nine assays remain pending as the company prepares to assess whether the results can support a larger resource and advance its development case.

Argent Minerals has added weight to the expansion case at its Kempfield silver project, with high-grade mineralisation extending beyond the current resource boundary. But the ASX-listed explorer ended September with A$1.725 million and an estimated 1.34 quarters of funding at its current cash outflow.

PARKD has secured two early-stage contracts, added Symal as its exclusive partner in Victoria and South Australia, and lifted pro forma cash to about A$850,000 through a strategic placement. The progress comes against a sharp liquidity squeeze, with just A$53,000 in cash at 30 September and funding equivalent to 0.21 quarters before the raise.