Latest Seek News

BOA Resources has reported further high-grade copper intersections at Ricci Lee, strengthening evidence of a continuous mineralised system rather than isolated historical hits. Assays from 12 more RC holes and five other Neds Creek prospects could now shape the path towards a maiden Mineral Resource.

Crimson Consulting Australia has raised its unconditional cash offer for Kip McGrath to A$0.75 per share and secured unanimous board backing. The bid now carries no defeating conditions, but the final control outcome depends on acceptances before the 19 October deadline.

Fitzroy River will pay shareholders a fully franked special dividend of 5.2 cents per share on 21 October, beginning the company’s planned return of excess cash. A separate return of capital remains subject to approvals and a future shareholder meeting.

AXP Energy has launched a 1-for-1 non-renounceable entitlement offer seeking between A$1.2 million and A$2.249 million. The funding could support Oklahoma development, but the prospectus also highlights material going-concern uncertainty, creditor dependence and significant dilution for shareholders who do not participate.

Altitude Minerals is abandoning its Byrock copper-gold earn-in after disappointing assays and redirecting exploration towards drill-ready silver and gold targets in Nevada. The pivot comes with $817,000 in cash, 1.5 quarters of estimated funding and further capital still to be secured.

VHM has agreed a non-binding term sheet with Mitsui covering up to 65,000 tonnes a year of heavy mineral concentrate from its Goschen project. The proposed deal could add a cornerstone customer and potential trade-finance support, but a binding agreement and funding remain outstanding.

Burgundy Diamond Mines has acknowledged breaching ASX Listing Rule 10.1 by entering three related-party diamond purchase agreements without prior shareholder approval. The transactions were later ratified, but an independent expert found the dealings were not fair, although the inventory was sold at fair market value.

New Zealand Rural Land Company’s 75%-owned partnership has conditionally agreed to sell five Hawke’s Bay orchards for $18.84 million, as uncertainty from the Kiwi Crunch administration continues to cloud FY26 earnings. Completion depends on Overseas Investment Office consent.

TZ Limited is still seeking funding after failing to complete its shortfall share placement, with $1.3 million in debt and vendor obligations due. The company says a management restructure, cost cuts and commercial opportunities could improve cash generation, but several forecasts remain conditional.

Range International has opened a 1-for-1 entitlement offer priced at A$0.09 a share, seeking about A$1.69 million to expand its rental pallet fleet and repay debt. Shareholders who do not participate could see their ownership halve if the offer is fully subscribed.

Sultan Resources has lodged a prospectus for up to 91.4 million options to existing shareholders, alongside a further 25 million options for lead manager Xcel Capital. The offer brings in little immediate cash but could provide up to $3.43 million if the new options are later exercised.

High-Tech Metals will ask shareholders to approve a new identity, Beyond Discovery Limited, alongside a proposed ASX code change from HTM to BYD. The move signals a shift toward developing its Mt Fisher and Mt Eureka gold projects, but changes no assets, operations or capital structure.