Latest Regulatory News

Advent Energy, in which MEC Resources holds a significant stake, is pursuing a judicial review against the federal government's refusal to extend the PEP-11 offshore petroleum permit. This legal move could reshape the future of the project and its stakeholders.

Advent Energy, with BPH Energy as a significant stakeholder, has launched a judicial review against the Federal Government’s refusal to extend the PEP-11 offshore petroleum permit, seeking to overturn the decision and force reconsideration.

Cavalier Resources has completed and submitted all necessary mining approvals for the Crawford Gold Project, moving decisively toward production amid strong gold prices and ongoing funding talks.

Tamboran Resources Corporation posted a $20 million net loss for the half year ending December 31, 2024, reflecting intensified exploration and development activities in the Beetaloo Basin amid no revenue generation. The company’s cash reserves declined to $59.4 million, underscoring the pressing need for additional capital to fund ongoing projects.

Ionic Rare Earths Limited has signed a non-binding MOU with South Korea's DNA Link to collaborate on rare earth magnet recycling and supply, marking a strategic push into Asia and the US markets.

Tamboran Resources has made significant strides in the Beetaloo Basin, completing two major wells and securing key infrastructure agreements, positioning itself for first gas production by mid-2026.

South32 reported a robust US$360 million net profit for H1 FY25, driven by strong commodity prices and operational execution, while investing heavily in growth projects like Hermosa and returning US$169 million to shareholders.

Regal Asian Investments Limited has reported a significant half-year loss of $23.6 million, reversing last year’s profit, while announcing an increased fully franked interim dividend of 6.0 cents per share and expanding its on-market share buy-back program.

Micro-X Ltd has launched the retail component of its $6 million capital raising, offering eligible shareholders the chance to buy new shares at 7 cents each, aiming to raise $2.7 million by late February 2025.

ASX Limited has reported a robust first half of FY25 with record operating revenue and a near 10% rise in underlying net profit, underpinned by strong growth across key business segments and a strategic focus on technology modernization.

South32 Limited has announced a fully franked dividend of USD 0.034 per share for the six months ending December 2024, signaling steady shareholder returns amid a complex currency environment.

Gold Mountain Limited has confirmed high-grade Rare Earth Oxide mineralisation from 56 drill holes at its Down Under REE Project in Brazil, highlighting significant potential for resource expansion and further exploration.