Latest Suspensions News

Norfolk Metals ended FY2026 with a sharply higher loss, just A$807,974 in cash and a material uncertainty over its ability to continue as a going concern. Its proposed Chilean copper expansion now depends on a minimum A$75 million capital raising, ASX re-compliance and completion of the Ciclón and Condor transactions.

MCS Services reported a $467,000 net cash outflow for the September quarter, leaving $1.305 million in cash and no operating business after its Traffic Business sale. Its securities remain suspended while the company explores a potential acquisition and ASX recompliance transaction with no agreement yet signed.

European Lithium’s share and option schemes with Critical Metals Corp. are now effective after the Supreme Court of Western Australia’s orders were lodged with ASIC. EUR securities are expected to stop trading on the ASX, with implementation scheduled for 5 November and CRML shares due to begin trading on Nasdaq the following day.

NGX Limited (ASX:NGX) has secured rights to earn up to 85% in a large group of Namibian gold and copper exploration licences while raising A$3.6 million to fund the work. The transaction brings substantial exploration scale, but several licence transfers, renewals and environmental approvals remain outstanding.

The Star Entertainment returned to positive quarterly EBITDA in Q1 FY27, with Sydney and Gold Coast revenue recording year-on-year growth for the first time since quarterly reporting began. The improvement comes alongside negative reported operating cash flow, continuing casino licence restrictions and unresolved going-concern uncertainties.

European Lithium has secured Supreme Court approval for its proposed share and option schemes with Critical Metals Corp., removing the central legal hurdle to the transaction. The deal is now expected to move from ASX trading to a NASDAQ-listed CRML structure in early November, subject to the court orders being lodged with ASIC.

Queste Communications is seeking shareholder approval to leave the ASX, arguing that limited trading, concentrated ownership and listing costs no longer justify its quoted status. If approved and accepted by ASX, trading could end on 29 December 2026, leaving shareholders to sell privately after delisting.

Bougainville Copper has asked the ASX to reinstate quotation trading after lodging its delayed half-year report, but the exchange has not yet approved a resumption. The company has acknowledged repeated reporting failures and introduced tighter internal controls.

Sarytogan Graphite has completed a 50,000-tonne-a-year upstream graphite DFS and extended copper porphyry exploration in Kazakhstan, but held only A$1.015 million in cash at quarter end. The company estimates that balance represents 0.88 quarters of funding at its recent spending rate, leaving project financing and potential capital raising firmly in focus.

Sarytogan Graphite’s trading suspension is due to be lifted after the company releases details of a Supreme Court of Western Australia application over an inadvertently unlodged prospectus for SGAO Options. The filing provides no detail on potential orders, penalties or investor remedies.

Kiwi Property has closed a NZ$200 million seven-year green bond offer after attracting NZ$395 million of demand from retail and institutional investors. The bonds carry a 1.20% margin and are expected to receive an issue rating of BBB+ from S&P Global Ratings.

NGX Limited (ASX:NGX) has halted trading in its securities while it prepares an announcement on a proposed acquisition and capital raising. The suspension is scheduled to end when that announcement is released or trading resumes on 26 October, whichever comes first.