Latest Strategic Review News

MCS Services Limited reported a solid cash position of $1.23 million at quarter-end and is actively exploring the sale of its Traffic Business subsidiary while awaiting key tender results.

Horseshoe Metals Limited has reignited development at its Horseshoe Lights Copper-Gold Project, securing a $4 million convertible loan and entering a strategic agreement with Melody Gold to process gold surface materials, positioning the company for early cash flow and expanded exploration.

Australian Oil Company Limited has completed a key pipeline acquisition in California’s Sacramento Basin, significantly boosting gas production from its Rio Vista wells and setting ambitious quarterly flow targets.

Mighty Kingdom Limited reports a positive operating cash inflow and significant cost reductions in Q3 FY25, alongside leadership changes and a $3.35 million capital raise underway to fuel growth.

Riversgold Ltd has exercised its option to increase ownership to 80% in the Kalgoorlie East Northern Zone Gold Project, submitting a mining lease application while delivering significant shallow gold intercepts. Concurrently, its Saint John project in Canada reports high-grade copper, gold, silver, and antimony assays, with drilling approvals secured.

Conico Ltd reports ongoing negotiations to resolve a significant legal dispute in Greenland and outlines strategic updates for its Mt Thirsty battery metals project, alongside plans for a capital raise to support future growth.

NT Minerals reports encouraging copper and gold anomalies at its Twin Peaks Project using advanced Ultrafine™ analysis, alongside a significant magnetite Exploration Target. Corporate moves include E79 Gold Mines exercising its Mountain Home option and ongoing talks to divest Redbank Copper Project assets.

Pearl Gull Iron Limited reported limited exploration during the March 2025 quarter due to seasonal weather, focusing on strategic planning and environmental compliance at its Cockatoo Island iron ore project. The company’s cash reserves declined to $185,000 amid ongoing care activities and exploration groundwork.

Pro-Pac Packaging reported a $6.2 million revenue decline for the March 2025 quarter and extended a key $13 million short-term finance facility with Bennamon Pty Ltd to March 2026, while continuing a strategic review focused on profitability and funding.

AVADA Group Limited reported a seasonally subdued quarter ending March 2025 but achieved positive operating cash flow through disciplined cost reductions and operational efficiencies. A strategic review of its New Zealand operations is underway amid challenging market conditions.

Hexima Limited reported a stable cash position of $1.55 million at quarter-end, with a modest $87,000 net cash outflow from operations. The biotech company continues to explore strategic opportunities while maintaining a strong funding runway.

Pinnacle Minerals reports significant exploration progress across its Canadian and Australian projects, highlighting multiple lithium pegmatite targets and strong rare earth element assays while maintaining a disciplined cash position.