Latest Tasmania News

ALCORE, ABx Group’s subsidiary, has secured government approval for overseas R&D activities and is pursuing a $5 million grant to accelerate its clean fluorine chemical technology commercialisation.

Flynn Gold has discovered a new high-grade gold vein at its Grenadier Prospect in Northeast Tasmania, marking a significant expansion of the Golden Ridge Project’s mineralised system. A maiden drilling program has been completed, with assay results eagerly awaited.

ABx Group’s latest ANSTO leach tests confirm over 70% extraction of critical heavy rare earths dysprosium and terbium from its Deep Leads project, reinforcing its path to producing a mixed rare earth carbonate sample by year-end.

COG Financial Services is set to broaden its salary packaging and novated leasing footprint across Australia through the $40 million acquisition of EasiFleet. This strategic move positions COG for upcoming government contracts in key states.

Octava Minerals has launched on-ground exploration at its Federation copper-zinc-silver-tin project in Western Tasmania, focusing on the historically promising Sweeney’s prospect. The company aims to leverage modern techniques to unlock the potential of mineralisation untouched since the 1980s.

Pure Foods Tasmania has completed a strongly oversubscribed $1.76 million capital raise and reported improved preliminary FY25 results, signaling progress in its turnaround strategy.

Lode Resources has agreed to sell its Webbs Consol Silver Project to Rapid Critical Metals for A$3.75 million in cash, a significant shareholding, and a royalty, positioning both companies for strategic growth in New South Wales.

Catalyst Metals Limited reported record FY2025 financial results driven by stable operations at the Plutonic Gold Belt and a buoyant gold price environment. The company plans to double annual gold production to 200koz through development of new mines and expanded exploration.

Pure Foods Tasmania reported a 30% revenue decline in FY25 but improved its net loss through cost-cutting and product rationalisation. Post-year-end recapitalisation efforts aim to strengthen the balance sheet and support the turnaround.

Pure Foods Tasmania has executed a decisive operational and financial turnaround, cutting costs and strengthening its balance sheet, while targeting breakeven by mid-2026 with ambitious growth plans.

AF Legal Group has reported a strong FY25 with 27% revenue growth and a 77% increase in normalised profit, driven by strategic acquisitions and operational improvements.

PEXA Group delivered a solid FY25 with 16% revenue growth and a 21% rise in EBITDA, while preparing for a UK platform launch backed by NatWest. Despite statutory losses from impairments, the company strengthened its balance sheet and outlined a confident FY26 outlook.