Latest Asx News

Flynn Gold has significantly expanded its gold exploration footprint at the Golden Ridge Project in NE Tasmania, revealing a large undrilled gold anomaly at Grenadier and reporting high-grade trench and rock chip results. Diamond drilling at the Golden Ridge Adit is complete with assays pending, setting the stage for further resource definition.

Way 2 Vat Ltd's trading suspension is scheduled to end on 13 January 2025, coinciding with the announcement of a proposed capital raising that could reshape its financial outlook.

Way2VAT has locked in A$1.3 million through convertible notes aimed at bolstering working capital and accelerating client expansion, pending shareholder approval for conversion.

Chilwa Minerals has reported compelling geochemical results from initial soil sampling at its Lake Chilwa project, revealing significant concentrations of niobium and rare earth elements. These findings bolster the company's dual exploration strategy and set the stage for accelerated drilling campaigns.

Australian Vanadium Limited has secured critical EPA approval for its Gabanintha Vanadium Project, marking a significant step toward construction and production within its broader Australian Vanadium Project.

Raiden Resources has reported promising high-grade lithium mineralisation in its maiden drilling at Andover South, while identifying a potentially larger, untested Southern Corridor target for future exploration.

Cassius Mining Limited has successfully raised $1 million through a share placement to fund its Soalara project in Madagascar and ongoing litigation in Ghana, signaling a strategic push in key operational areas.

Orbminco Limited has agreed to divest an 80% stake in its Mt Venn Project to Sarama Resources, receiving equity and cash as it refocuses on its Mongolian assets.

Syrah Resources has been awarded a US$165 million tax credit under the US Inflation Reduction Act to support the expansion of its Vidalia active anode material facility in Louisiana, potentially increasing production capacity to 45ktpa.

Myer reports flat comparable sales and a slight dip in total sales for the 22 weeks to December 2024, while reaffirming support for its transformative merger with Premier Investments' Apparel Brands.

Unith Ltd has strengthened its financial position through a partial divestment in AudioStack while renewing a key public health contract and achieving its highest B2C subscription revenue in two years.

Pointerra has won a US$2 million contract extension from the US Department of Energy to expand its hurricane impact analysis program, leveraging its Pointerra3D digital twin technology to enhance electric grid resilience across North America.