Latest Regulatory Challenges News

The Federal Court has imposed a $1.55 million penalty on Money3 Loans, a Solvar subsidiary, for limited breaches of the National Consumer Credit Act between 2019 and 2021. Solvar highlights strengthened governance and underwriting since the period in question.

Marvel Gold has completed an extensive drone magnetic survey at its Hanang Gold Project in Tanzania, revealing new mineralisation corridors and preparing to launch its first drilling campaign. Meanwhile, the company is exiting Mali due to regulatory hurdles, progressing the sale of its Yanfolila project.

Kinetiko Energy has unveiled a staged gas production strategy in South Africa, aiming for initial compressed natural gas revenues by Q2/Q3 2027. The company’s new Rolling Cluster Development Strategy promises a risk-managed, capital-efficient pathway from early CNG production to full-field LNG.

Holista Colltech has agreed to pay US$1.8 million to settle a US judgment enforced by the Supreme Court of Western Australia, resolving a long-running dispute with ProImmune Company LLC. The settlement reflects a significant discount on the original US$2.06 million judgment plus accruing interest and legal fees.

Tusker Minerals Ltd has seen its TSKO securities suspended from ASX quotation immediately due to non-compliance with listing rules. The suspension applies solely to this security class while the company works to meet regulatory requirements.

Horizon Oil has crossed the crucial 50.1% acceptance threshold in its off-market bid for Cue Energy, removing a key condition from the offer. Meanwhile, the Mereenie joint venture suspends planned drilling after gas sales talks with Northern Territory’s Power and Water Corporation expire.

Audalia Resources is set to raise $450,000 through a share placement aimed at funding critical mining design and permit work for its Medcalf Project, supporting its path toward development.

Blackstone Minerals has cleared a major regulatory hurdle with the lifting of a Cease and Desist Order at its Mankayan Copper-Gold Project, setting the stage for a pivotal Pre-Feasibility Study drilling campaign.

X2M Connect has secured a new Smart Community Agreement for 800 homes in Victoria’s Glanmire Park estate, adding an estimated $1.6 million revenue opportunity to its growing Australian smart community pipeline.

Bendigo and Adelaide Bank has announced new long-term partnerships with Infosys and Genpact to enhance technology and operational efficiency, alongside a 7.6% increase in cash earnings for the third quarter of 2026.

Pacgold Limited (ASX: PGO) has marked a significant milestone by producing its first gold at the White Dam Gold Project in South Australia, transitioning from an explorer to a gold producer. The company is progressing with plant upgrades and plans for pad expansion to increase production capacity.

Electro Optic Systems Holdings Limited (ASX: EOS) has concluded its civil penalty proceedings with ASIC, agreeing to a $4 million penalty and costs. This resolution marks a significant step in addressing legacy issues and refocusing on strategic growth.