Latest Observability News

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.

Santana Minerals has expanded the high-grade gold footprint at its Rise and Shine deposit, delivering strong drill results featuring visible coarse gold that reinforce the deposit’s underground mining potential.

WestStar Industrial’s subsidiary Alltype Engineering has landed approximately $40 million in contracts spanning gas, water, and petrochemical sectors, including a major gas facility in the Northern Territory’s Beetaloo Basin.

Antaria has disclosed several FDA-identified GMP compliance issues but assures no impact on product quality or supply, committing to expert-led remediation and enhanced training.

Energy Transition Minerals has taken a decisive legal step by asking Greenland’s High Court to remove Denmark from its rare earth project dispute, paving the way for substantive hearings on its exploitation licence claim.

Virgin Money UK, trading as Clydesdale Bank, has applied to the High Court for approval to transfer its entire banking business to Nationwide Building Society, pending a February 2026 hearing.

Lightning Minerals confirms a large-scale gold mineralised system extending over 12km along the Drummer Fault at its Mt Turner Project, with high-grade intersections and multiple new targets identified.

First Au Limited has completed over 4,000 metres of reverse circulation drilling at its Gimlet Gold Project, aiming to upgrade its 120,000-ounce inferred gold resource to an indicated classification. Early geological observations align with existing models, with assays pending to refine the resource estimate.

Augustus Minerals has applied for a significant exploration licence in Papua New Guinea’s Vanapa River region, positioning itself within one of the world’s richest gold-copper belts while progressing its Mt Kare project.

The Takeovers Panel has intervened in the Mayne Pharma and Cosette Pharmaceuticals scheme, issuing interim orders that extend the deal deadline and restrict termination rights to maintain the status quo.

Tamawood Limited reports a modest profit increase for FY25 alongside the retirement of long-serving Chairman Robert Lynch. Early FY26 sales surge 39%, but a Work in Progress audit prompts a trading blackout.

Alvo Minerals reports promising trenching results at its Touro Prospect within the Palma Copper-Zinc Project, revealing significant surface mineralisation consistent with VMS deposits and prompting immediate drilling plans.