Latest Winding Up News

Mosaic Brands announces the closure of its remaining Rivers, Millers, and Noni B stores after failing to secure a sale, impacting over 1,500 employees and marking the end of its retail operations by April 2025.

Ionic Rare Earths reports strong progress on its Belfast rare earth oxide recycling facility, backed by a robust feasibility study and UK government grant applications, alongside strategic developments in Brazil and Uganda.

Vertex Minerals has completed construction and begun commissioning of its Gravity Gold plant at the Reward Gold Mine, supported by significant capital raises and strategic hires.

Following a recent unitholder meeting, One Managed Investment Funds Limited has initiated the orderly liquidation of the Fat Prophets Global Property Fund’s portfolio, signaling a significant transition for investors.

Resolute Mining delivered a solid 2024 with record cash flows and slightly higher gold production, but faces rising costs from Mali’s new Mining Code and a $160 million government settlement. The company plans lower 2025 output as Mako mining winds down, focusing on cash flow and exploration.

Australian Strategic Materials (ASM) has secured a $5 million federal grant to accelerate its Dubbo Project, progressing rare earth recovery innovations while navigating a complex global market landscape.

Change Financial Limited reported a robust Q2 FY25 with revenue surging 53% year-on-year, driven by its expanding PaaS platform, while strategically exiting its loss-making US operations to sharpen focus on Australia and New Zealand.

Spartan Resources has launched an ambitious 85,000-metre drilling program at its Dalgaranga Gold Project, aiming to expand and upgrade its high-grade gold resources. Early results from late 2024 drilling show promising extensions beyond current estimates.

Investors in Fat Prophets Global Property Fund have voted to wind up the fund, initiating a formal closure process and delisting from the ASX.

Agrimin Limited has achieved a major milestone with Western Australian state environmental approval for its Mackay Potash Project, alongside government-backed financial support and strategic progress toward project execution.

Black Cat Syndicate reports successful commissioning of the Paulsens Gold Operation processing facility, achieving over 92% gold recovery and initiating high-grade ore processing as it prepares for first stoping in February 2025.

Bellevue Gold Limited reports a robust December 2024 quarter with rising grades and tonnages, setting the stage for a significant production ramp-up and cost reductions in H2 FY25. The company also advances its commitment to sustainability, aiming for net-zero greenhouse gas emissions by 2026.