Latest Strategy News

Brickworks Limited and Washington H. Soul Pattinson have unveiled plans to combine under a newly capitalised ASX-listed entity, Topco, aiming to simplify their complex cross-shareholding and unlock shareholder value. Shareholders are set to vote on the scheme in September, with the merger expected to enhance liquidity and deliver dividend accretion.

Enova Mining has raised $0.85 million to fund a diamond drilling campaign targeting high-grade rare earth elements at its East Salinas Project in Brazil, signaling strong investor confidence and advancing its critical minerals portfolio.

OzAurum Resources has confirmed a substantial 400-metre strike of high-grade gold mineralisation at its Cross Fault discovery within the Mulgabbie North Gold Project, signalling promising expansion potential. Further drilling and resource estimation plans are underway as the mineralisation remains open at depth.

Jade Gas Holdings reports steady progress at its Red Lake Gas Field with both wells performing as expected, targeting first gas production within the current quarter.

Western Mines Group has completed the first four holes of its Phase 4 drilling at Mulga Tank, revealing visible sulphide mineralisation beyond existing resource boundaries and advancing diamond drilling and electromagnetic surveys to target deeper nickel sulphide deposits.

Stavely Minerals has raised A$1.9 million through a placement to fund drilling at its promising gold prospects, including Fairview North and South. The move aims to accelerate exploration and deliver new insights later this year.

QPM Energy Limited has completed commissioning of its Townsville Power Station and initiated a pivotal Dispatch Agreement with Ratch Australia Corporation, setting the stage for enhanced electricity market participation.

Koonenberry Gold has expanded the mineralised zone at its Enmore Gold Project in NSW to approximately 260 metres strike, revealing promising bulk tonnage and high-grade gold potential. The company is set to launch a fully funded +10,000-metre Phase II drilling campaign in late August to explore extensions and new targets along a 2km prospective corridor.

Activeport Group Ltd has announced a fully underwritten rights issue to raise up to $2.5 million, offering shareholders discounted shares and free options to accelerate growth initiatives.

Kaiser Reef reports a solid cash boost to $30.7 million driven by strong production from its Henty and A1 gold mines, while clarifying its gold price risk management strategy.

Firetail Resources has raised A$5 million in a strongly supported placement to accelerate exploration across its US and international gold and copper projects, including maiden drilling at the Excelsior Gold Project in Nevada.

Nimy Resources has identified a significant copper-zinc-gold anomaly at its Sneaky Squirrel Gossan Prospect within the Mons Project, Western Australia, hinting at a potential volcanogenic massive sulphide deposit similar to Golden Grove.