Latest Capital Allocation News

DY6 Metals reports encouraging metallurgical sampling results at its Tundulu rare earths project alongside strategic cost reductions and a successful loyalty options offer, positioning the company for focused exploration in Malawi.

Omega Oil and Gas Limited has successfully completed drilling and testing of its Canyon-1H horizontal well, revealing encouraging reservoir conditions that set the stage for upcoming fracture stimulation and flowback testing.

Parabellum Resources reports a capital return from its Temarise investment and a strategic board reshuffle, while progressing exploration plans across its New South Wales projects.

Australian Oil Company Limited has secured an increased consideration in its Red Earth Assets divestment, receiving A$660,000 upfront while deferring A$540,000 to March 2025.

Bryah Resources Limited reported steady progress in its Bryah Basin manganese and copper-gold projects during the December 2024 quarter, while facing a notable decline in cash reserves and signaling plans for capital raising.

Top Shelf International Holdings Ltd has agreed to sell its Campbellfield production assets to Idyll Wine Co for $8 million, aiming to streamline operations and reduce debt. The deal paves the way for a new co-packing partnership post-sale.

Australian Silica Quartz Group reports promising gold intersections at Koolyanobbing Metals Project and progresses its Quartz Hill silica project with positive metallurgical results and strategic funding.

Santos delivered a robust Q4 2024 with over US$1.4 billion in sales revenue and strong free cash flow, while progressing key LNG projects and expanding its decarbonisation initiatives.

Core Lithium Ltd reports solid progress on its Finniss Lithium Project, highlighting robust drilling results, a healthy balance sheet, and steady advancement of its restart study targeting a June 2025 completion.

Ardiden Limited reports a robust cash balance of A$11.76 million and highlights strategic exploration focus on its Pickle Lake Gold Project, targeting promising gold and copper opportunities in Ontario.

Auris Minerals has been granted a retention licence for its Forrest and Wodger copper deposits, enabling a significant reduction in exploration commitments while maintaining strategic control over key assets.

Australian Foundation Investment Company (AFIC) reported a 2.7% rise in half-year profit to $154.2 million and increased its interim dividend to 12 cents per share, while its portfolio outpaced the S&P/ASX 200 over the past year.