Latest Perth News

Innovaero Technologies is seeking A$40 million through a proposed ASX listing to advance its OWL loitering munition program and expand manufacturing capacity. The replacement prospectus also makes clear that the company remains loss-making and heavily dependent on the Department of Defence converting development work into production orders.

Cygnus Metals shareholders delivered overwhelming proxy support for Central Asia Metals’ proposed takeover, but the transaction still faces a Kazakhstan regulatory decision and possible court-date delay. Final poll results were not included in the chairman’s address and are expected separately.

Bellavista Resources is advancing a 15,000-metre drilling campaign and early development studies at Pickle Crow, while assay results have been pushed into October after Canadian laboratory delays. At Brumby, continuity drilling is complete and CSIRO column leach testwork is being prepared.

Finbar has moved its Romeo apartment project in Applecross into construction after securing 103 sales worth A$121.1 million. Recent activity has accelerated, with investors accounting for about half of the 18 lots sold since 1 August.

Macmahon will acquire Aspect Engineering Solutions for a headline enterprise value of A$75 million, adding engineering, minerals processing and project delivery capabilities to its mining services platform. The deal is expected to lift underlying EPS by about 6.2% from inception, although completion and future earnings performance remain important variables.

Skylark Minerals has pushed its Côte d’Ivoire gold strategy forward, with M’Basso now extending across about 2km of strike. But the annual report also highlights a material uncertainty over funding, after the company ended the year with A$4.85 million in cash and a A$3.01 million loss.

Prospect Resources has expanded drilling at Nyungu Central after returning a 27-metre copper intercept outside the existing resource, while maiden drilling at Sharamba confirms a new copper discovery. The results add momentum to Mumbezhi’s growth story, but most Phase 3 assays remain outstanding and no resource update has yet been made.

Patrys has formed an international Clinical Advisory Committee to help shape the next stages of RLS-2202, its injectable quetiapine candidate for delirium in acute-care settings. The appointments add recognised expertise in delirium research, intensive care and trial design, but do not yet provide clinical efficacy or regulatory evidence.

Empire Resources has identified rare earth oxide and phosphate mineralisation across three Yuinmery prospects, with new archived-drilling results reaching 1,712.5ppm TREO+Y. The early-stage opportunity now depends on additional assays, follow-up drilling and proof that the material can be upgraded economically.

Tungsten Mining has produced saleable tungsten concentrate grading up to 65.9% WO3 from its Watershed project in Queensland, confirming the conventional processing route planned for its DFS. Marketing samples have now been sent to potential offtakers, although no binding agreements have been signed.

Corazon Mining has shifted decisively towards Western Australian gold, completing the A$25.7 million Chalice acquisition after year end and securing a 191,000-ounce JORC Mineral Resource. The strategic expansion came alongside a A$7.98 million FY2026 loss and an auditor warning that future funding remains critical.

Cygnus Metals’ shareholder vote on Central Asia Metals’ proposed acquisition remains scheduled for 18 September, but Kazakhstan regulatory approval may arrive too late for the current court timetable. The transaction has cleared several major hurdles, while the directors continue to recommend it.