Latest Valuation News

Kula Gold has raised $750,000 through a share placement to fund diamond drilling at its Mt Palmer Gold Mine, following a series of promising high-grade gold results from recent exploration.

Fortescue has approved a $3 million exploration budget for Strategic Energy Resources’ Canobie Project, setting the stage for a significant diamond drilling campaign targeting copper-gold mineralisation in northwest Queensland.

Platinum Asia Investments Limited (PAI) held a pivotal Scheme Meeting seeking shareholder approval to restructure by exchanging shares for units in the Platinum Asia Fund Complex ETF (PAXX), accompanied by a special dividend payment. The outcome will reshape PAI’s investment management and ownership structure.

Platinum Asia Investments Limited has announced a special dividend of AUD 0.1992 per share, pending court approval and final confirmation post-scheme valuation. The payment is scheduled for September 2025 with a significant franked component.

Tesoro Gold has successfully dismissed initial legal claims from joint venture partner Wanaco SpA and increased its ownership in the El Zorro Gold Project to over 90%, reinforcing its strategic position in Chile.

Taiton Resources reports its highest gold soil assay to date at Challenger West and confirms promising IOCG and rare earth element signatures at the Highway project, setting the stage for imminent drilling campaigns.

Platinum Asia Investments has released detailed examples illustrating how its upcoming special dividend and share-for-unit exchange will be calculated as part of a major restructure scheduled for late August.

Litchfield Minerals Limited has launched a $1.5 million capital raising to fast-track exploration at its Northern Territory copper-zinc projects, including the advanced Oonagalabi asset. Recent drilling and geophysical surveys highlight promising mineralisation and near-term growth potential.

Tuas Limited is poised to reshape Singapore’s telecom landscape by acquiring M1 Limited for S$1.43 billion, backed by a substantial equity raise and bank debt financing. The deal promises enhanced network capabilities and operational synergies, pending regulatory approval.

Reef Casino Trust has received a revised $184.3 million takeover offer from Morris Group, intensifying a competitive bidding process with Iris Cairns Property. Unitholders are advised to hold off on decisions as the Independent Board Committee evaluates the proposals.

PM Capital Global Opportunities Fund Limited reported a robust 33.98% rise in profit after tax to $168.2 million for FY25, alongside a raised fully franked final dividend of 6.0 cents per share. The fund’s portfolio outperformed key benchmarks, reflecting strategic positioning amid structural global economic changes.

Dexus Convenience Retail REIT reported steady FY25 results, maintaining near-full occupancy and a strong portfolio valued at $728 million, while advancing key redevelopment projects and sustainability initiatives.