🕒 Tuesday 21 January 2025 Tue, 21 Jan 2025

Centrex Limited has initiated a $10.4 million Entitlement Offer to fund the critical Stage 1.5 Expansion of its Ardmore Phosphate Project, aiming to boost production capacity to 625ktpa. The company highlights the pivotal role of this capital raise in securing operational continuity amid notable financial and logistical risks.

Murray Cod Australia Limited has announced a 10-for-1 security consolidation affecting all ordinary shares and options, aiming to simplify its capital structure ahead of resumed trading in February 2025.

Charter Hall Wholesale Management Limited has secured majority control of Hotel Property Investments (HPI) with a 63.7% voting stake and the HPI board now recommends acceptance of the all-cash takeover offer valued at $3.752 per security.

Traffic Technologies Limited has landed a significant $3 million contract to supply smart LED streetlights to the City of Sydney, with potential extensions pushing the deal’s value to $5 million over nine years.

Energy Transition Minerals Ltd has successfully raised A$9.35 million through a strategic share placement, bolstering its financial position to advance the Kvanefjeld Rare Earths Project in Greenland and attracting new international institutional investors.

Recce Pharmaceuticals has successfully dosed all patients in its Phase II trial of RECCE® 327 topical gel for acute bacterial skin infections, showing encouraging preliminary efficacy and safety data. The company is preparing for pivotal Phase III trials in Australia and Indonesia, targeting a significant global market opportunity.

Fulcrum Lithium Ltd has successfully completed its IPO, raising $9.7 million, and commenced drilling at its Alkali Flats lithium project in Nevada, marking a significant step in its exploration journey.

Noronex Limited reports robust copper-silver assay results from its Fiesta Project drilling in Namibia, revealing extensive mineralisation over 4.5 kilometres and promising new step-out intercepts. The company advances towards a potentially transformative copper discovery in the Kalahari Copper Belt.

Stavely Minerals is progressing exploration at its Western Victoria copper-gold project, initiating a ground IP survey at the S41 gold prospect and confirming high-grade copper-silver mineralisation at the Junction discovery through recent drilling.

Carnarvon Energy and its partners have deferred key milestones in the Dorado Phase 1 liquids development, pushing back the Final Investment Decision and FPSO purchase. Despite the delay, the Joint Venture remains confident and plans further exploration drilling in 2026.

Centuria Funds Management Limited reports a stable quarter for its Centuria Capital No. 2 Fund (C2F), with no compliance breaches or adverse financial events in Q2 FY25. The fund’s secured notes remain fully supported by first-ranking security interests, underscoring operational resilience.

Thrive Tribe Technologies has appointed Jade Spooner as CEO to spearhead the rapid commercialisation of its Kumu platform and e-commerce marketplace. Spooner’s proven track record in scaling tech startups positions her to lead 1TT into its next growth phase.

Delta Lithium reports strong drilling results and successful metallurgical test work at its Yinnetharra Lithium Project, underpinning confidence in resource expansion and future development plans.

Ballymore Resources is preparing to launch a 2,000m Stage 5 diamond drilling program at its Dittmer Gold Project in February 2025, aiming to extend known gold mineralisation and explore a deep porphyry target. This follows a string of successful drill results that have yet to be fully quantified in a Mineral Resource estimate.

Wellnex Life has negotiated a delayed and reduced-cost payment arrangement for its Pain Away acquisition, aligning with its upcoming London Stock Exchange dual listing plans. The move supports the company’s growth momentum following record revenues from Pain Away.

Centrex Limited has announced a $10.4 million entitlement offer to eligible shareholders, aiming to strengthen its financial position and support ongoing operations at the Ardmore phosphate mine. The offer is critical amid recent debt restructuring agreements with Aurizon and NAB.

New Frontier Minerals has entered a strategic alliance with Austral Resources to process copper ore from its Big One Deposit, aiming to accelerate production and exploration in the Mt Isa copper belt.

TG Metals Limited reports robust metallurgical testwork outcomes for spodumene concentrate at its Lake Johnston Project, achieving lithium grades exceeding 6% Li2O and recovery rates above 80%. The company maintains a solid cash position of $5.3 million as it prepares for further exploration in 2025.

Centaurus Metals has achieved a breakthrough with a 34% nickel concentrate from its Jaguar Project pilot plant, promising substantial cost savings and enhanced market appeal. This development is set to reshape the project's economics and strategic partnerships.

Ava Risk Group reports a 20% revenue increase in H1 FY2025, driven by robust sales order intake and strategic expansion in key security sectors.

Liontown Resources has delivered a robust December quarter, achieving positive net cash flow and record production at its Kathleen Valley lithium project, reinforcing its path to becoming a major sustainable spodumene supplier.

Lode Resources Ltd has reported inaugural high-grade drill assay results from its Montezuma Antimony Project in Tasmania, revealing wider and richer mineralisation than previously known, including significant antimony, silver, gold, copper, and tin.

Terramin Australia’s attempt to secure a mining lease for its Bird in Hand Gold Project has been rejected by the South Australian Supreme Court, which upheld the government’s refusal and reservation of the land. The company is set to appeal, keeping the project’s future uncertain.

Andean Silver Limited reports robust drilling results from its Cerro Bayo project, revealing new high-grade mineral zones and expanding its tenement holdings. The company has mobilized a third drill rig and launched a major geophysical program, setting the stage for multiple resource updates in 2025.