Latest Resource Sector News

Renergen Limited’s shares will be suspended from ASX trading on December 31, 2025, marking a key step in its acquisition by ASP Isotopes Inc. This suspension follows the formal implementation of a scheme of arrangement agreed earlier this month.

IPD Group Limited has agreed to acquire Platinum Cables Pty Ltd for $37.5 million upfront, enhancing its position in the mining sector and delivering an 11.5% accretion to FY25 earnings per share.

Babylon Pump & Power has secured a three-year contract with gold giant Newmont, promising steady revenue and reinforcing its position in the mining services sector.

Winsome Resources has disclosed confidential discussions about a potential acquisition by Li-FT Power and a binding offtake rights sale, explaining recent unusual trading activity.

Volt Resources Limited has had its trading suspension lifted following the release of an announcement about a new equity funding transaction, signaling renewed market activity.

Venus Metals Corporation has issued a firm recommendation to reject QGold Pty Ltd’s unsolicited $0.17 per share takeover offer, arguing it undervalues key assets and offers no premium. The board highlights significant upside potential in its portfolio and warns shareholders against accepting an opportunistic bid.

WestStar’s subsidiary SIMPEC has landed a $4.5 million contract to modify Fortescue’s Solomon Power Station, supporting the energy giant’s transition to renewables in the Pilbara.

Brightstar Resources has completed its acquisition of Aurumin Limited, converting Aurumin shares and options into Brightstar securities and prompting Aurumin’s imminent delisting from the ASX.

FireFly Metals has announced a significant upgrade to its Green Bay Copper-Gold Project resource, alongside a A$139.5 million equity raise to fund ongoing drilling and development. The company is poised for rapid growth in a tier-one mining jurisdiction with strong infrastructure and exploration upside.

Deep Yellow Limited has appointed Greg Field as its new Managing Director and CEO, aiming to leverage his extensive project execution experience to advance key uranium projects in Namibia and Australia.

Bindi Metals has appointed seasoned executive Mark Freeman as CEO, aiming to leverage his extensive resource sector experience to advance its exploration projects across three continents.

Hastings Technology Metals has secured shareholder approval to distribute Metal Bank shares as it divests its gold assets, marking a strategic pivot towards rare earths.