Latest Observability News

3D Energi has confirmed a natural gas discovery at the Essington-1 well in the offshore Otway Basin, supported by direct gas sampling and preliminary analysis. Further testing is planned to assess the commercial potential of the find.

Renegade Exploration has identified the Myschka prospect in Canada’s Yukon as a promising Reduced Intrusion-Related Gold System, with plans underway for maiden drilling in 2026. High-grade silver, gold, and antimony samples reinforce its potential within the prolific Tombstone Gold Belt.

AXP Energy reports sustained strong flowback at its Charlie #1 well in Oklahoma, moving swiftly to install infrastructure for natural gas sales and early revenue generation.

Adelong Gold’s initial diamond drilling at the Lauriston Gold-Antimony Project has revealed visible gold, validating historic high-grade results and setting the stage for an expanded exploration campaign.

Power Minerals and Navigate Energy have taken a major step forward by finalising the incorporation of their Rincon Lithium Project Joint Venture entity in Argentina, paving the way for a US$4 million investment to accelerate project development.

NexGen Energy has entered the final phase of federal regulatory approval for its flagship Rook I uranium project, marking a pivotal step toward construction and production. This follows over a decade of environmental assessments and provincial approvals.

Meeka Metals has reported significant shallow high-grade gold intercepts at its Andy Well underground mine, extending the Wilber lode strike by approximately 450 metres south and highlighting potential for resource growth within 200 metres depth.

American Uranium Limited has initiated hydrogeological testing alongside Phase 1 drilling at its Lo Herma ISR uranium project, aiming to expand its resource and validate aquifer conditions critical for in-situ recovery mining.

Alvo Minerals has intercepted a 13-meter zone of massive sulphide mineralisation including copper in its first diamond drillhole at the Touro Prospect, part of its Palma Project in Brazil. This promising discovery extends over a 1km strike and sets the stage for further exploration.

Bank of Queensland Limited has announced a fully franked quarterly distribution of AUD 1.3006 per Capital Note security, payable in February 2026. This reflects the bank’s ongoing commitment to rewarding investors amid stable market conditions.

Infomedia Limited shareholders have overwhelmingly approved a scheme of arrangement for acquisition by a TPG Capital-managed entity, with final court approval scheduled for 21 November 2025. The deal will lead to Infomedia’s delisting from the ASX and includes a special dividend and tax ruling application.

London City Equities and Excelsior Capital have settled their legal dispute, with Excelsior agreeing to a company-managed liquidation and delisting from the ASX by June 2026. This resolution avoids costly litigation and refocuses London City on its investment strategy.