🕒 Tuesday 6 May 2025 Tue, 6 May 2025

Lefroy Exploration has kicked off a major grade control drilling campaign at its Lucky Strike Gold Project, fully funded by partner BML Ventures, aiming to underpin mining operations slated for the second half of 2025.

Asian Battery Metals advances Phase 3 drilling at its Oval Cu-Ni-PGE discovery in Mongolia, confirming high-grade sulphide zones and identifying a potential feeder dyke to a deeper magma chamber. Assay results are pending as the company refines targets for further exploration.

Blue Star Helium has successfully drilled the Jackson 2 well to total depth at its Galactica project in Colorado, confirming strong natural gas flow and advancing the project toward commercial production.

Novo Resources has expanded the high-grade gold anomaly at its John Bull Gold Project in NSW, setting the stage for a targeted reverse circulation drilling campaign planned for June 2025.

Great Boulder Resources has reported significant high-grade gold intersections extending the Ironbark deposit at its Side Well Gold Project, with follow-up drilling planned to explore further southern extensions.

Metal Hawk Ltd has announced multiple high-grade gold discoveries at its Leinster South project in Western Australia, with maiden drilling set to commence shortly at key prospects.

Altech Batteries has launched an operational pilot plant in Germany producing its proprietary Silumina Anodes, promising a 50% increase in lithium-ion battery capacity with improved longevity.

Magnum Mining & Exploration Limited has completed its acquisition of Palmares Estudos Geologicos LTDA, gaining full ownership of promising rare earth element projects in Brazil. Early exploration results reveal significant high-grade rare earth oxides, positioning Magnum to benefit from global supply shifts.

Axel REE Limited continues to report impressive high-grade gallium and rare earth element assays from surface drilling at its Caladão Project in Brazil, setting the stage for a maiden resource estimate expected by July 2025.

NEXTDC reports a significant 30% jump in contracted utilisation to 228MW, driven by strong AI deployments in Victoria, prompting a $100 million increase in FY25 capital expenditure guidance.

Civmec Limited has secured approximately A$285 million in new contracts and extensions, including a major shiploader project at Port Waratah and rare earth refinery tanks for Iluka Resources, signaling robust growth and strong market positioning.

Austal Limited has announced a record-breaking $14.2 billion order book, underpinned by strong US and Australian defence contracts, and raised its FY2025 EBIT guidance to at least $80 million.

Vicinity Centres reports a robust third quarter for FY25, driven by strong retailer demand and shopper confidence, highlighted by the successful launch of The Market Pavilion at Chadstone.

Vicinity Centres reports a robust third quarter for FY25, buoyed by record visitation at Chadstone’s new Market Pavilion and strong retail sales growth. The company now expects full-year earnings at the top end of guidance, underpinned by resilient portfolio metrics and strategic asset management.

NZME Limited has received eight director nominations from major shareholders ahead of its June 2025 Annual Shareholders’ Meeting, prompting the Board to propose an alternative composition focused on digital transformation and governance stability.

HMC Capital has unveiled an ambitious plan to grow its assets under management to over $50 billion within the next 3-5 years, supported by strong fundraising and diversified investment verticals. The company’s FY25 outlook remains solid, underpinned by operational growth and strategic initiatives across real estate, digital infrastructure, and energy transition.