🕒 Monday 17 February 2025 Mon, 17 Feb 2025

Toys"R"Us ANZ has entered a strategic three-year partnership with Directed Electronics Australia to co-develop private label products and enhance marketing capabilities, marking a pivotal step in its growth strategy.

Acorn Capital Investment Fund Limited has been suspended from ASX trading due to a delayed periodic report, raising questions about its compliance and investor transparency.

Cyclone Metals has secured a pivotal development agreement with Vale, unlocking up to USD 138 million in funding for the Iron Bear iron ore project in Canada and setting a clear path to production.

Citigroup Global Markets Australia has announced a partially franked dividend of AUD 0.12 for the IAG CitiFirst Self-Funding Instalments, aligning key dates with IAG ordinary shares and reducing the outstanding loan balance.

Carbonxt Group Limited has initiated a $2 million Share Purchase Plan following successful capital raises, aiming to bolster its Kentucky activated carbon facility as it nears commercial production.

Prodigy Gold NL has unveiled its comprehensive exploration plans for 2025, targeting resource expansion at Hyperion and Tregony deposits while advancing development options at Old Pirate. The company aims to leverage drilling results and metallurgical studies to accelerate project development in the Northern Territory.

Raiden Resources has completed an extensive aircore drilling program at its Arrow Gold Project, revealing promising gold and arsenic anomalies that hint at significant mineral potential. The joint venture partner Mallina Co Pty Ltd is set to advance follow-up studies to refine targets.

New Hope Group delivered a robust quarterly performance with a 21.8% rise in underlying EBITDA and a 33% jump in saleable coal production for the first half of FY25, underpinned by operational efficiencies and strategic investments.

Neurizon Therapeutics received FDA guidance on its IND application for NUZ-001, with a single request for additional animal exposure data but no safety concerns flagged. The company is actively addressing the FDA’s request while evaluating impacts on its ALS trial timeline.

Aruma Resources has reported multiple high-grade gallium assay results from its Saltwater Project in Western Australia, highlighting promising multi-commodity potential and drill-ready targets.

FBR Limited’s exclusive joint venture option with CRH Ventures for its Wall as a Service® offering in the US has expired without exercise, freeing the company to pursue independent financing and partnerships across key American markets.

IperionX has landed a $47.1 million contract from the U.S. Department of Defense to develop a domestic titanium supply chain, marking a significant step toward reducing reliance on foreign sources for this critical metal.

88 Energy Limited has struck a pivotal farmout agreement with Burgundy Xploration LLC, unlocking up to US$39 million in funding for Project Phoenix’s horizontal well program and extended flow testing, setting the stage for a potential production decision in 2026.

Patronus Resources has reported significant high-grade gold intercepts at its Mertondale Gold Project, confirming substantial exploration upside and unveiling a maiden JORC Exploration Target named Koi. The results reinforce the potential to expand beyond the existing 241,000-ounce resource.

Vection Technologies has inked a three-year SaaS agreement with Mexican telecom giant Totalplay, marking a strategic push into Latin America with its Enworks XR platform.

Larvotto Resources has modified its Hillgrove Antimony-Gold Project to adopt dry stacking for tailings, a move that promises environmental benefits and faster regulatory approval without impacting project economics.

Cosmo Metals has appointed Ian Prentice as Managing Director, tasking him with accelerating exploration at the promising Bingara and Nundle projects in NSW. Prentice’s extensive industry experience signals a strategic pivot towards unlocking value in underexplored assets.

EQ Resources is set to significantly increase tungsten production at its Saloro Operations in Spain by installing a third XRT Ore Sorter and upgrading infrastructure, responding to strong market demand amid tightening Chinese export controls.

Ovanti Limited has secured board approval for its ambitious US market entry plan targeting $500 million in total transaction volumes within two years, focusing on underserved consumers in the Southern States.

Findi Limited has upgraded its contract with State Bank of India, expanding its ATM deployment by over 2,200 units and significantly increasing revenue and EBITDA projections. The company also outlines strong FY25 guidance and anticipates a major revenue leap in FY26 following the TCPSL acquisition.

Aurizon Holdings Limited has announced a six-month ordinary dividend of AUD 0.092 per share, payable on March 26, 2025, with 60% franking reflecting ongoing profitability.

Antares Metals Ltd has reported outstanding copper assay results from its initial RC drilling phase at the Surprise Copper Project in Queensland, confirming the presence of high-grade mineralisation and unveiling promising new exploration targets.

Aurizon Holdings reported a 3% revenue increase in its half-year FY2025 results, driven by higher coal volumes, but underlying NPAT fell 14% due to rising costs and customer mix effects. The company’s strong free cash flow supports an expanded $300 million buy-back program.

Aurizon’s half-year FY2025 results reveal a 4% EBITDA decline despite a 6% increase in coal volumes, alongside mixed safety outcomes and an extended $300 million buy-back program.