Latest Resources Sector News

Resouro Strategic Metals has appointed Simon Stilwell as Independent Non-Executive Chairman, with Christopher Eager stepping into the CEO role, marking a significant leadership reshuffle as the company advances its rare earths and titanium projects in Brazil.

Lion Selection Group Limited has reported a robust half-year profit of $36.6 million, driven by strategic investments in Australian mining companies amid a resurging resources boom. The company also declared a fully franked dividend, signalling confidence in its portfolio and market outlook.

Tribeca Global Natural Resources has updated its dividend details for the six months ending December 2025, confirming a fully franked payout and finalising its Dividend Reinvestment Plan price.

Classic Minerals has engaged AFDC to conduct a strategic review and is raising A$3 million to advance exploration at its Forrestania gold project and support its ASX relisting efforts.

Pearl Gull Iron Limited has been suspended from ASX trading after failing to meet operational requirements, raising questions about its future on the exchange.

Leeuwin Metals reports promising step-out drilling results at its Evanston prospect within the Marda Gold Project, revealing shallow gold mineralisation beyond existing resources and signalling potential for resource expansion.

Queste Communications Ltd (ASX:QUE) reported a modest company-level profit for H1 2025 but a consolidated loss driven by challenges in its associate investments, notably Bentley Capital Limited. The company’s financial performance remains closely tied to the share price movements of Strike Resources Limited.

Steamships Trading Company Limited reported a robust 46% rise in net profit for 2025, driven by strategic investments and operational improvements, while proposing a higher dividend despite ongoing ERP upgrade expenses.

Rivco Australia has reported a remarkable 135% increase in net profit for the year ended 31 December 2025, alongside fully franked dividends and a solid net asset value per share.

Kina Securities Limited reported a 20% increase in statutory net profit after tax to PGK 120.7 million for 2025, driven by strong revenue growth and loan book expansion. The bank declared a higher final dividend and anticipates continued earnings growth in 2026 amid favourable economic conditions and tax cuts.

Matrix Composites & Engineering Ltd reported a $9.4 million loss for the half-year ending December 2025, driven by a 32% drop in revenue to $26.9 million. Despite the weak first half, the company anticipates a robust second half to meet or exceed last year’s full-year revenue.

Volt Group Limited reported an 8% revenue decline and a 66% drop in profit for 2025, while advancing its growth strategy through a major acquisition and share consolidation.