Latest Property News

GLG Corp has reported a sharp FY2026 reversal, with revenue falling 8.9% and a US$23.2 million net loss after a major impairment tied to outsourced manufacturer GLIT. The ASX-listed apparel group has since terminated the arrangement, secured bank covenant waivers and begun shifting production to Cambodia and Vietnam.

Genetic Signatures reduced its quarterly operating cash outflow to A$1.0 million after restructuring, while commercial testing began under its Danish hospital contract. The company is also advancing an all-scrip Microba merger, but faces a contested shareholder meeting later this month.

Iris Cairns Property has opened an unconditional $4.67-per-unit takeover offer for the remaining units in Reef Casino Trust, after building an 85.77% stake through its initial bid. The offer values the remaining units at up to approximately A$33.1 million and could lead to compulsory acquisition and ASX delisting.

AuMEGA Metals has uncovered a 100.5 g/t gold float sample at its Intersection Project in Newfoundland, the second-highest-grade sample recorded across its regional portfolio. Two further samples above 23 g/t strengthen the surface signal, although the results remain early-stage and most assays are still pending.

MotorCycle Holdings has set out a five-year plan targeting more than $1.2 billion of combined wholesale and retail revenue by FY31, with growth expected from broader powersports, CFMOTO expansion and a leaner retail footprint. The strategy also carries an upfront cost, including about $2 million of anticipated non-underlying FY27 spending on HRIS and data initiatives.

Southern Cross Gold has accelerated drilling and underground development at Sunday Creek, spending $32.9 million during the August quarter while cash fell to C$84.0 million. The company remains aimed at a maiden mineral resource in the first quarter of 2027, but poor ground conditions have pushed exploration decline completion back by a month.

Ausgold advanced construction, permitting and drilling at its Katanning Gold Project during the September quarter, while its proposed A$776 million takeover by OceanaGold began to reshape the development timetable. The planned end-2026 resource update and final investment decision have both been deferred as shareholders prepare to vote on the scheme.

Goodstart Early Learning has conditionally agreed to acquire 31 centres operated by Edge Early Learning, including 20 of Arena REIT’s 27 properties occupied by the childcare group. The proposed transaction remains subject to due diligence, final documentation and Arena’s consent to lease assignments.

Anson Resources has raised Green River’s modelled post-tax NPV8 to approximately US$1.046 billion after incorporating two conditional Utah incentives. The uplift leaves the project’s US$569 million capital estimate and lithium-price assumption unchanged, but the benefits remain tied to construction, performance and financing milestones.

TerraCom’s audited FY2026 results turned a previously reported A$45.6 million loss into a A$155.5 million statutory loss after A$103.5 million of non-cash impairments. The auditor highlighted material uncertainty over the company’s ability to continue as a going concern as Blair Athol remains below plan and new funding is not yet fully secured.

dorsaVi has secured A$3.0 million to expand its movement-data business for humanoid robotics while advancing its neuromorphic and RRAM chip programs. The raise comes as its first RRAM-CMOS validation chip moves into proprietary memory integration at TSMC.

Clime Capital delivered a sharply stronger FY26 result, with after-tax profit rising to $10.3 million and dividends maintained. But KPMG qualified its audit after failing to obtain sufficient evidence for $36.2 million of unlisted unit trust valuations and related income and fees.