Latest New South Wales News

APA Group has committed a further $700 million to the Bulloo Interlink Pipeline after securing a five-year, take-or-pay agreement with Origin Energy. The 800 TJ/day project is aimed at easing projected north-to-south gas constraints, with construction targeted for early 2027 and operations for winter 2029.

Polymetals Resources has doubled its available working capital facility with Ocean Partners to US$20 million after using cash to replace its rehabilitation bond and reporting lower-than-planned September quarter revenue. The additional funding will support development and exploration at the Endeavor Mine, but adds to the company’s near-term financing obligations.

MEC Resources ended the September quarter with $1.275 million in cash and reported an estimated 11.9 quarters of funding at its current operating cash burn. But its key Advent Energy investment faces a live Federal Court appeal over PEP11, while an onshore subsidiary holding the Weaber Gas Field remains in voluntary administration.

Verbrec has secured approximately A$22 million of water and wastewater infrastructure awards since the start of FY2027, led by a NZ$15.1 million headworks project in New Zealand. The contracts extend into FY2028 and support the company’s existing FY2027 revenue guidance, although margins and cash-flow timing remain undisclosed.

Rapid Critical Metals has reported its highest silver grade to date at the Webbs project, alongside extensions beyond the existing resource outline and a decision to add a fourth drill rig. The results strengthen the exploration story, but the intercepts remain down-hole results requiring further drilling and modelling.

Ramsay Health Care’s proposed separation of its 52.79% Ramsay Santé stake has reached a key regulatory milestone, with ASIC registering the Demerger Booklet. Shareholders will vote on the transaction on 24 November, but approval remains only one step in a process that could create two separately traded healthcare exposures.

Stockland has maintained its FY27 earnings, distribution and settlement targets despite softer residential demand and longer customer decision times. Logistics and retail remain firm, while the group’s data centre pipeline now has approximately 450MW of power secured.

Nyrada has moved its PROTECT-MI heart-attack trial into active recruitment, with four hospitals open and three patients dosed. The biotech also reported supportive US FDA feedback, encouraging preclinical oncology data and AU$13.72 million in cash after a AU$12 million placement.

MaxiPARTS has completed its $11.2 million purchase of Air Brake Systems, an acquisition expected to lift earnings per share by 17% before synergies. The deal adds a commercial vehicle braking business with $20 million in revenue and is forecast to contribute $5.5 million to group operating EBITDA by FY29, including synergies and underlying growth.

Hazer Group has expanded its commercial pipeline through a paid Japanese utility study assessing hydrogen facilities of up to 300,000 tonnes per year, while its KBR alliance advances a standardised commercial-scale design. The company ended September with A$8.3 million in cash and reported A$12.9 million in pro-forma funding, but remains pre-revenue in the quarter.

FleetPartners has agreed to a $1.131 billion cash takeover by SG Fleet after a competitive auction lifted the offer to $5.30 per share. The deal still requires shareholder, court and regulatory approval, with completion targeted for March 2027.

S2 Resources has secured heritage and drilling approvals for two Jillewarra gold targets, while diamond drilling is now underway at Warraweena’s T37 prospect. The explorer ended September with A$17.35 million in cash and a further A$5.24 million Valkea Resources stake.