Latest Observability News

Ainsworth Game Technology’s board unanimously backs Novomatic’s $1.00 per share takeover offer, while a competing proportional bid at $1.30 per share emerges from a key shareholder.

Trek Metals has completed a major Phase 2 drilling campaign at its Christmas Creek Gold Project, revealing visible gold in diamond cores and extending high-grade gold zones. The company also advances its manganese project divestment amid a $2.05 million cash position.

Caspin Resources has commenced Phase 1 drilling at its Weethalle Gold Project in NSW, aiming to test a newly identified 2,000m long geophysical anomaly linked to historic high-grade gold mineralisation. The project’s geological setting mirrors that of the prolific Hemi deposit, raising exploration hopes.

Estrella Resources has kicked off its maiden drilling campaign at the Werumata Limestone Project in Timor-Leste, aiming to define a resource exceeding 500 million tonnes. The program is progressing ahead of schedule and under budget, backed by strong local support.

American Uranium Limited has kicked off Phase 1 of its resource expansion drilling at the Lo Herma ISR uranium project in Wyoming, backed by a $4.5 million capital raise led by strategic investor Snow Lake Energy. The company aims to update its resource estimate early next year as it advances towards production.

Peppermint Innovation has secured major partnerships with ECPay and BTI Payments, vastly expanding its physical cash-in and bill payment network across the Philippines and enhancing accessibility for millions of cooperative members.

Helios Energy has successfully completed its first oil sales following the restart of operations at its Presidio Oil Project in Texas, signaling a pivotal shift from exploration to production.

Nuix Limited has appointed John Ruthven as interim CEO following Jonathan Rubinsztein's departure, initiating a 12-month leadership transition period.

Cooper Metals has secured cultural heritage clearance for its Ardmore North copper-gold prospect in Queensland, setting the stage for a significant drilling campaign. High-grade sampling results underpin the company’s confidence in this priority target within the expansive Mount Isa East project.

Nova Minerals has secured a significant US$43.4 million funding award from the U.S. Department of War to accelerate its Estelle Project in Alaska, advancing both gold and antimony development with strong government backing and infrastructure progress.

NSX Limited has been fully acquired by a Canadian entity, leading to the suspension and imminent delisting of its shares from the ASX. A new non-executive director has been nominated as part of the transition.

Cuscal Limited has secured a crucial regulatory win as the ACCC clears its full acquisition of Indue Limited, setting the stage for completion by year-end pending final approvals.