Latest Refining News

Flight Centre Travel Group reported a record $24.5 billion in total transaction value for FY25, yet underlying profit before tax declined nearly 10%, impacted by geopolitical and regional challenges. The company declared a fully franked 29-cent final dividend and outlined strategic investments in AI, digital transformation, and the cruise sector.

Cosmo Metals has delineated a 12-kilometre zone of intense historical gold mining activity within the Bingara Goldfield, centred on the Spring Creek prospect. With high-grade rock chip results and limited prior drilling, the company is advancing permitting for its maiden drilling program to explore this underexplored gold system.

Solara Minerals has identified promising gold targets at its Wilgeena Project in Western Australia, situated near established gold mines. The company plans to initiate exploration activities following a review of historical data revealing multiple untested gold and copper anomalies.

Connected Minerals has updated its quarterly reports for 2025 to provide detailed disclosures on the use of funds and exploration activities, addressing ASX compliance and shedding light on project developments in Namibia and Western Australia.

Cleo Diagnostics reported a $4 million loss for FY2025 while making significant strides toward FDA approval of its novel ovarian cancer blood test. The company is progressing clinical trials and scaling manufacturing in preparation for market entry.

Gateway Mining has identified approximately 90 kilometres of previously untested shear zones at its Yandal Gold Project in Western Australia, setting the stage for significant new gold exploration. The company plans major drilling campaigns in the coming months to unlock this potential.

QX Resources has acquired 100% of the Madaba Uranium Project in Tanzania, a site with promising historical uranium grades, and is raising $2.3 million to advance exploration and development.

Intelligent Monitoring Group Limited (IMG) reported a 44% revenue surge to $174.9 million in FY25, driven by four key acquisitions and organic growth, while investing heavily in AI-powered video monitoring technology.

Earlypay Limited reported a 24% rise in underlying net profit after tax for FY25, driven by robust growth in equipment finance and improved credit performance, while declaring a fully franked dividend and forecasting further earnings growth in FY26.

Victory Metals secures $11.5 million through a strategic placement to accelerate drilling and development at its North Stanmore heavy rare earth project, reinforcing its position as Australia’s leading rare earths explorer.

Ingenia Communities Group reported a 9.6% rise in revenue to $517.7 million for FY25, driven by strong home settlements and rental income growth. Underlying profit surged 33% to $126.1 million, while statutory profit soared 816%, reflecting prior year impairments and fair value gains.

True North Copper has significantly extended the mineralised footprint at its Aquila Prospect within the Mt Oxide Project, unveiling multiple new high-quality copper-cobalt-silver drill targets. Drilling is underway to test these promising extensions, potentially reshaping the project’s resource profile.