Latest Queensland News

Charter Hall Social Infrastructure REIT has reported a strong turnaround with a statutory profit of $31 million for the half year ended December 31, 2024, reversing last year's loss. Despite a slight dip in operating earnings and distributions, the REIT maintains a stable financial position amid ongoing economic uncertainties.

Vulcan Steel Limited reported a 12.6% revenue decline and a 64.8% drop in net profit for the first half of FY25 amid challenging market conditions. Despite this, the company achieved a 10% return on capital employed and is positioning itself for growth as economic recovery signs emerge.

Auswide Bank’s acquisition by MyState Bank has reached a key milestone with the scheme of arrangement now legally effective, triggering a suspension of Auswide’s shares and setting the stage for shareholder transitions.

Auric Mining has extended its due diligence period for acquiring the Burbanks Plant in Coolgardie, signalling ongoing interest in expanding its gold operations.

Red Metal Limited's recent infill drilling at the Sybella Rare Earth Project confirms robust continuity of high-grade rare earth oxide mineralisation, reinforcing the project's inferred resource and advancing its development prospects.

Coolabah Metals Limited is undertaking a $3-4 million capital raise to fund the acquisition of Broken Hill Mines Pty Ltd and its subsidiary, aiming to re-list on the ASX and focus on developing the Rasp and Pinnacles Mines.

Incitec Pivot Limited confirms its FY25 outlook remains steady despite operational hurdles at Phosphate Hill and a CFO transition, while progressing key strategic separations.

Moho Resources has agreed to sell its Empress Springs Project in Western Queensland for $1.258 million, including deferred payments and a retained royalty, as it refocuses its portfolio.

The Supreme Court of New South Wales has approved MyState Bank’s acquisition of Auswide Bank via a scheme of arrangement, setting the stage for a significant consolidation in the Australian banking sector.

RLF AgTech Ltd has successfully raised approximately $2.42 million through an Entitlement Issue and Shortfall Placement, reflecting strong shareholder confidence in its turnaround strategy and growth prospects in Australia and Asia.

Sparc Technologies has secured a fourth trial agreement with BHP Mitsubishi Alliance to test its graphene-enhanced ecosparc® coating in harsh mining conditions, aiming to validate its anti-corrosive performance against market leaders.

Hotel Property Investments (HPI) reported a resilient H1 FY25 with a $1.26 billion portfolio and upgraded its distribution guidance to 19.7 cents per security, despite significant governance changes amid a takeover bid.