Latest New South Wales News

Ramsay Health Care has cleared the first legal step towards distributing its 52.79% stake in Ramsay Générale de Santé to shareholders. The proposed demerger now goes to consecutive shareholder meetings on 24 November, backed by the board and Deloitte’s independent expert.

Bounty Oil & Gas reported a larger FY2026 loss and weaker production, while reshaping its portfolio around Queensland oil development and a proposed deepwater Liberia entry. The strategy is backed by fresh equity, but depends on further funding, regulatory progress and a production sharing contract that has not yet been finalised.

Vysarn delivered another year of rapid earnings growth, with revenue rising 31% and net profit after tax climbing 41% to $15.11 million. The bigger test now is whether its $65.3 million capital raise and Welltech acquisition can turn a growing collection of water businesses into a genuinely national platform.

Auric Mining has moved from study work towards execution at its Burbanks-Munda gold plan, securing processing infrastructure for A$1.2 million and reporting strong Munda drilling results. The company is targeting mining at Munda in late 2027 and first gold from Burbanks in early 2028, subject to approvals and project execution.

Larvotto Resources has moved Hillgrove from commissioning into revenue-generating operations, shipping its first 68 tonnes of antimony concentrate to offtake partner Wogen Resources. The delivery satisfies a condition for an initial payment, while the company prepares its first gold concentrate shipment.

Delorean is repositioning itself from an engineering contractor into an owner and operator of renewable gas infrastructure, with five projects representing $214 million of stated total capital expenditure. The near-term test is whether it can close funding for NSW1 while bringing its largely completed Salisbury plant into revenue.

Orivium has begun construction of a modular processing plant in Orange, NSW, to test recovery of copper from Infinity Mining’s Cangai waste. The partner-funded facility could be operational within six months, but any revenue remains conditional on feedstock access, successful processing and metal sales.

Kingfisher Mining will raise $2.25 million through a two-tranche placement to fund drilling and target generation at its Copper Blow copper-gold project and across its Broken Hill portfolio. The deal comes at a 5.6% premium to the company’s 15-day VWAP, but the second tranche and broker options still require shareholder approval.

TechGen Metals has agreed to transfer its entire interest in the Ida Valley Gold Project to First Au for A$100,000 in cash and A$100,000 worth of First Au shares. The transaction remains conditional on due diligence and shareholder approval.

OD6 Metals has completed its A$6.92 million placement, issuing 72.84 million new shares and giving the explorer funding to advance Quinn, Splinter Rock and Gulf Creek. The immediate test is whether that capital can translate into approvals, drilling and resource definition.

Altitude Minerals is abandoning its Byrock copper-gold earn-in after disappointing assays and redirecting exploration towards drill-ready silver and gold targets in Nevada. The pivot comes with $817,000 in cash, 1.5 quarters of estimated funding and further capital still to be secured.

Caspin Resources has increased the Kelpie Deposit’s contained tin resource by 45% to 28kt, with the entire 6.5Mt estimate constrained within an optimised open-pit shell. The upgrade adds a maiden Indicated component, but most of the resource remains Inferred and no Ore Reserve has yet been declared.