Latest Resources Sector News

Ragusa Minerals has raised $600,000 through a private placement to fund exploration at its Purple Pansy Manganese-Gold Project in Arizona, supported strongly by existing shareholders.

Battery Age Minerals has appointed Sebastian Kneer as its new CEO, bringing nearly two decades of global exploration expertise. His leadership comes with a performance-linked incentive plan aimed at driving shareholder value.

Xenora Minerals has resumed on-ground exploration at its Dudley Lithium Project in South Australia following a detailed geochemical review, supported by a recent $2.1 million capital raise. The company ends the quarter with a strong cash position, positioning itself for further growth in the critical minerals sector.

AMCIL Limited reported a 14.8% increase in half-year profit to $4.1 million, maintaining its interim dividend amid a portfolio return that lagged the ASX 200 benchmark.

West Wits Mining has upsized its institutional placement to A$33.74 million, anchored by a $10 million strategic investment from Tribeca Investment Partners, fully funding the Qala Shallows project ahead of first gold pour in March 2026.

Australian Foundation Investment Company reports a 4.6% decline in half-year profit but sustains its interim dividend with a special payout, while portfolio returns lag the benchmark.

Everest Metals Corporation, in partnership with Edith Cowan University, has won a $490,500 grant to accelerate its innovative rubidium extraction technology at the Mt Edon project, positioning Australia to establish its first sovereign rubidium supply.

Babylon Pump & Power has agreed to sell its non-core Ausblast business for $2.8 million, streamlining operations and boosting capital for its water management and rental services.

Djerriwarrh Investments Limited reported a $20.7 million half-year profit with a steady fully franked dividend, despite portfolio returns lagging the ASX 200. The company signals a strategic pivot with quarterly dividends and selective portfolio adjustments.

MEC Resources Limited has extended the closing date for its Options Placement Offer to 3 February 2026, adjusting the timetable for issuing and listing new options.

Mirrabooka Investments reported a 93.6% jump in half-year profit to $8.9 million, maintaining its fully franked dividend despite portfolio returns trailing the small and mid-cap benchmark.

Monadelphous Group Limited has landed a significant five-year maintenance contract with Rio Tinto, reinforcing its long-standing presence in the Pilbara iron ore operations.