Latest Shareholder Approval News

Auric Mining has completed settlement on the Union Jack gold project near Coolgardie for A$6.5 million in cash, with a further A$3.0 million in shares subject to shareholder approval. The 102,000-ounce Inferred resource will be tested by a major drilling campaign from November as Auric builds feed options for its planned Burbanks restart.

High-Tech Metals has installed a new leadership team and arranged an 11.9% share crossing as it shifts focus from exploration to production at its Western Australian gold projects. The strategy is backed by approximately A$9 million in cash, but still depends on studies, approvals and shareholder decisions.

Corazon Mining has exercised its option to secure an 80% interest in the 154-square-kilometre Feather Cap Gold Project after drilling confirmed shallow, high-grade mineralisation at Wembley. The company now faces the more difficult task of proving scale, continuity and economic significance through follow-up drilling.

Vault Minerals has cleared another procedural hurdle in its proposed Genesis Minerals merger, with ASIC registering the scheme booklet ahead of the 11 November shareholder vote. Independent expert BDO says the deal is fair, reasonable and in shareholders’ best interests, provided no superior offer emerges.

Ovanti has reported a A$23.61 million FY2026 loss, A$21.27 million in operating cash outflows and only A$291,867 in cash at year end. The ASX-listed fintech has abandoned BNPL globally, but says its continuing operations and proposed funding initiatives provide a basis to keep trading despite a material going-concern uncertainty.

FOS Capital has raised $276,815 through its Share Purchase Plan and shortfall placement, taking its broader capital raising to $1.83 million. A further $310,000 director subscription remains subject to shareholder approval later this month.

LGI Limited (ASX:LGI) is buying two operating Queensland solar farms for $22 million, adding 42MW of export capacity at a price below the company’s stated greenfield replacement cost. The transaction lifts LGI’s targeted medium-term renewable and dispatchable capacity pipeline beyond 120MW, although the projected earnings contribution depends on electricity prices, synergies and software integration.

Moab Minerals has resumed trading after lodging an annual report that shows a smaller loss but a stark liquidity warning. The uranium explorer says it needs fresh capital, creditor support and lower costs to continue operating normally.

Vault Minerals shareholders will vote on the proposed Genesis Minerals takeover after the Supreme Court of Western Australia approved the scheme meeting. The transaction is targeted for implementation on 26 November, but still requires shareholder approval, a second court hearing and other conditions to be satisfied.

Surefire Resources is seeking up to A$2.61 million through a share placement, alongside an option entitlement offer for existing eligible shareholders. The raise could materially expand the company’s securities on issue, with the second tranche and related options requiring shareholder approval.

Unity Metals has opened a non-renounceable share purchase plan targeting $1 million to fund gold and copper-gold exploration in Cambodia and Thailand. Eligible shareholders can buy shares at a 15.2% discount, with attaching options subject to a later shareholder vote.

Magnetite Mines has opened a partially underwritten share purchase plan targeting approximately $1 million from eligible Australian and New Zealand shareholders. Investors who receive shares will also be entitled to one free listed option per share, subject to shareholder approval.