Latest Tasmania News

Group 6 Metals Limited has updated its quarterly cash flow report, excluding certain financing from working capital calculations, while confirming sufficient funding and forecasting improved operational cash flows.

Stellar Resources has reported robust metallurgical test results from its Severn Deposit, highlighting strong tin recoveries and production of a clean, high-grade concentrate. These findings reinforce the project’s potential as a low-cost, high-quality tin source in a stable jurisdiction.

Experience Co Limited has agreed to sell its boutique Wild Bush Luxury portfolio to Intrepid Travel for $5.1 million, marking a strategic shift towards more scalable adventure tourism segments.

De.mem Limited has successfully integrated Core Chemicals Pty Ltd, exceeding initial revenue expectations and setting the stage for geographic and sector expansion in the Australian gold mining chemicals market.

Cash Converters has completed a $37.1 million acquisition of 29 franchise stores across Australia’s East Coast, aiming to boost earnings and operational efficiency from year one.

ABx Group has produced its maiden mixed rare earth carbonate from Tasmania’s Deep Leads deposit, boasting dysprosium and terbium contents far exceeding peers and commanding a premium basket price.

Metcash Limited reported a marginal rise in sales revenue to $8.48 billion for 1H26, with underlying EBITDA up 2% driven by Food pillar growth, while EBIT declined 2.4% amid challenges in Liquor and Hardware segments. The Board declared an interim fully franked dividend of 8.5 cents per share.

Flynn Gold’s maiden diamond drilling at the Double Event Prospect in Tasmania reveals promising high-grade gold mineralisation, expanding the known gold corridor at its Golden Ridge Project.

Comms Group reported robust FY25 results driven by domestic expansion, including the strategic acquisition of TasmaNet, and strong international growth in its Global and Wholesale division.

ABx Group has successfully raised over $6 million through a share placement to fund rapid development of its Deep Leads rare earth project and ALCORE pilot plant in Tasmania.

Pure Foods Tasmania has acquired premium ice cream brand Elato, integrating it with its Cashew Creamery to form a new Ice Cream Division led by Elato’s founder. This move broadens PFT’s product range and leverages existing manufacturing capabilities.

Octava Minerals has verified high-grade indium mineralisation up to 860ppm at its Sweeney’s prospect in Tasmania, with diamond drilling about to commence following promising geophysical survey results.