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Kaiser Reef Starts Surface Diamond Drilling at Victoria Gold Project

Kaiser Reef (ASX:KAU) said a surface diamond drilling campaign at its Maldon Gold Project in Victoria is underway, with drilling at the Quill gold target commenced, according to a Wednesday Australian bourse filing.The company said the initial phase comprises about 4,350 meters across four targets, with drilling expected to be extended and to continue throughout the remainder of the year, progressing to other targets, including Union Hill North and Nuggetty South.The company's shares fell 2% in recent Wednesday trade.

ASX:KAU

Asia15h ago

Echelon Resources Extends Kupe Gas Supply Deal With Genesis Energy

Echelon Resources (ASX:ECH) amended its gas supply agreement with Genesis Energy (ASX:GNE, NZE:GNE), extending sales of Kupe gas for an additional three years, according to a Wednesday Australian bourse filing.The revised agreement reflects current market pricing and incorporates inflation-based adjustments throughout the contract period, the filing said.Beach Energy (ASX:BPT) operates the Kupe permit with a 50% interest, alongside Genesis Energy holding 46% and Echelon Resources holding 4%, the filing added.Echelon Resources' shares rose past 1% in recent Wednesday trade. Genesis Energy's Australian shares gained 1%, while its New Zealand's shares shed 1%. Beach Energy's shares tumbled 4%.

ASX:BPTASX:ECHASX:GNENZE:GNE

Asia15h ago

BWP Expects AU$115.6 Million Net Gain From Property Portfolio Revaluation

BWP (ASX:BWP) said a revaluation of its investment property portfolio is expected to result in a net gain of about AU$115.6 million for the six months through June, according to a Wednesday filing with the Australian bourse.The gain reflects a revaluation uplift of AU$51.1 million from three properties in development during fiscal year 2026, a firming of the weighted average capitalization rate for BWP's portfolio to 5.25% in June from 5.27% in December 2025, as well as improved income from re-leasing activities, per the filing.The revaluations will be formally adopted by the company's board as it finalizes its accounts and audit process for the fiscal year ending June 30.

ASX:BWP

Asia15h ago

Victory Metals Secures AU$350,000 Grant From Federal-Backed Program

Victory Metals (ASX:VTM) secured AU$350,000 in non-dilutive funding under the Federal Government-backed Resources Technology and Critical Minerals Trailblazer program, according to a Wednesday Australian bourse filing.The two-year grant will fund development of the company's rare earth processing flowsheet, with Curtin researchers working alongside to optimize recovery of high-value heavy rare earths, including dysprosium, terbium and yttrium, at its North Stanmore Project in Western Australia, the filing added.The company's shares were down nearly 2% in recent Wednesday trade.

ASX:VTM

Asia15h ago

Tivan Signs MOUs for Development of Northern Territory Project

Tivan (ASX:TVN) signed memoranda of understanding (MOU) with trading firm Sumitomo and venture capital firm ETFS Capital detailing terms for the planned development, financing, operation, and marketing of the Molyhil project in the Northern Territory through an incorporated joint venture, according to a Wednesday filing with the Australian bourse.The MOUs establish a framework to agree up to AU$50 million of stage-gated investment for the project, with the company to retain an effective 82.5% project interest at a final investment decision, the filing said.Binding agreements and regulatory approvals are expected to be completed by the third quarter, per the filing.

ASX:TVN

Asia15h ago

Nickel Industries to Invest $169 Million for 17.5% Stake in Indonesia HPAL Project

Nickel Industries (ASX:NIC) agreed to invest $169 million for a 17.5% interest in PT Teluk Metal Industry HPAL project, according to Wednesday Australian bourse filing.The company's 17.5% stake sits alongside a 72.5% interest held by a Korean-Japanese consortium, and a 10% interest by a Singapore-based investment company, Sumber International Investment, the filing said.The project is under construction, with commissioning expected to start in mid-2027, per the filing. Nickel Industries' Sampala project was identified as the exclusive ore supplier to the HPAL project.

ASX:NIC

Asia15h ago

Acrow AU$10 Million SPP Fully Underwritten After Strong Institutional Demand

Acrow (ASX:ACF) has confirmed its AU$10 million share purchase plan (SPP), launched on June 18, has been fully underwritten by Morgans Corporate and Shaw and Partners following strong support from institutional investors, according to a Wednesday Australian bourse filing.The company said that any shares issued to cover the SPP shortfall will require shareholder approval at an extraordinary general meeting expected to be held around July 28, per the filing.Eligible shareholders in Australia and New Zealand on June 17 will be invited to participate in the SPP, with the booklet and application details expected on or about June 29, the filing added.

ASX:ACF

Asia15h ago

National Australia Bank Customer Proceedings Dismissed by Australia's Federal Court

Australia's Federal Court dismissed proceedings against National Australia Bank (ASX:NAB) filed by a customer who alleged that the bank improperly rejected his request for financial hardship assistance in 2022, according to a Tuesday verdict.The customer, who also claimed the bank breached credit reporting obligations by incorrectly reporting his repayment history on personal loans to credit bureaus, was seeking AU$4 million in damages.However, the court found that the claim of unconscionable conduct by the bank is not supported by the evidence. It said National Australia Bank "acted reasonably and generously" toward the customer at all times.

ASX:NAB

Asia15h ago

ASX Preview: Australian Shares Set to Rise as Gold Falls on Fed Rate Hike Bets; Tasmea to Acquire Energy Services Provider for Up to AU$75 Million

Australian shares are poised to rise on Wednesday, as investors weigh a stronger US dollar and rising Federal Reserve rate-hike expectations that weighed on gold and other precious metals in overnight trade.Sentiment is also supported by softer oil prices, reflecting easing geopolitical tensions in the Middle East and signs of progress in US-Iran talks over access to the Strait of Hormuz.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 1.4%, 2.2%, and 0.1%, respectively.In the macroeconomy, Australia's consumer price index and engineering construction activity reports are due at 11:30 am Sydney time.In corporate news, Tasmea (ASX:TEA) struck a deal to acquire JPS Group, an integrated services provider to the energy sector, for up to AU$75 million.Atlas Arteria (ASX:ALX) said its independent directors are reviewing their response following the extension of IFM Investors' takeover offer after the bidder increased its voting power above 50%.Australia's benchmark index fell 0.3% or 29.1 points to close at 8,787 on Tuesday.

ASX 200ASX:ALXASX:TEA

Asia15h ago

Australian Strategic Materials Says Proposed Acquirer Energy Fuels to Acquire Vacuumschmelze

Australian Strategic Materials (ASX:ASM) said Energy Fuels, whose wholly-owned unit EFR Critical Materials proposed to acquire Australian Strategic Materials via schemes of arrangement, entered into a definitive agreement to acquire 100% of Vacuumschmelze, according to a Wednesday Australian bourse filing.Australian Strategic Materials and Energy Fuels plan to prepare and, subject to regulatory and court approval, dispatch a supplementary scheme booklet to Australian Strategic Materials' securityholders.The scheme meetings previously scheduled for Monday were postponed to a later date, which is yet to be determined.

ASX:ASM

Asia15h ago

Atomic Eagle Secures Zambia Uranium Project Environmental Approval

Atomic Eagle (ASX:AEU) secured approval for the environmental and social impact assessment from the Zambia Environmental Management Agency for the Muntanga project in Zambia, according to a Wednesday Australian bourse filing.The company also received a "no objection" approval of the resettlement action plan from the Office of the Vice President, Resettlement Division.

ASX:AEU

Asia15h ago

Coles Group Accepts Ranging of Calmer Co International's New Kava Product

Coles Group (ASX:COL) accepted the ranging of Calmer Co International's (ASX:CCO) new Fiji Kava-branded FZZR kava product as part of its latest range review, according to a Wednesday filing with the Australian bourse.Calmer Co International expects the product, which will be regulated as a complementary medicine under the Therapeutic Goods Administration framework, to be distributed through Coles stores in October, the filing said.

ASX:CCOASX:COL

Asia15h ago

Tasmea to Acquire Energy Services Provider for Up to AU$75 Million; Confirms Fiscal 2026 Outlook

Tasmea (ASX:TEA) struck a deal to acquire JPS Group, an integrated services provider to the energy sector, for up to AU$75 million, according to a Wednesday filing with the Australian bourse.The consideration includes an upfront payment of about AU$50 million at completion, consisting of about AU$24.5 million in cash and AU$25.6 million worth of Tasmea shares issued at AU$8.50 each.The aggregate price also includes a cash earn-out of up to AU$25 million from fiscal 2027 through fiscal 2030, or up to about AU$6.3 million per year, subject to certain milestones including JPS achieving a maintainable earnings before interest and taxes target of at least AU$12 million per year.The acquisition is expected to be immediately accretive to earnings per share, with about 5% forecast pro forma EPS accretion in fiscal 2026 assuming full 12-month ownership of JPS, Tasmea said.The deal, anticipated to close on or around Aug. 1, diversifies Tasmea's earnings into the liquefied natural gas and critical energy infrastructure sectors.Additionally, Tasmea affirmed its fiscal 2026 underlying net profit after tax guidance of AU$72.5 million on a standalone basis.

ASX:TEA

Asia15h ago

Baby Bunting Group Now Expects Fiscal H2 Pro Forma NPAT Up to AU$12 Million

Baby Bunting Group (ASX:BBN) now expects fiscal second-half pro forma net profit after tax of between AU$11 million and AU$12 million following softer-than-expected trading conditions through the fourth quarter, below its previously guided range of AU$12.5 million to AU$14.5 million, according to a Wednesday Australian bourse filing.The company said the revised fiscal H2 pro forma net profit after tax figure represents growth of between 50% and 64% versus the prior corresponding period, with comparable store sales growth expected to be about 3% in the fiscal H2, below the 6% to 8% in its previous guidance assumptions.Total fiscal year 2026 sales are expected to be about AU$553 million to AU$555 million, up about 6% versus the prior corresponding period, with group costs and capital expenditure remaining in line with expectations, and net debt expected to finish at about AU$20 million, it added.

ASX:BBN

Asia15h ago

Coles Group's Proposed NSW Acquisition for New Supermarket Under ACCC Review

Coles Group's (ASX:COL) proposed acquisition for the development of a Coles supermarket within an existing shopping centre in New South Wales is under phase 1 review by the Australian Competition and Consumer Commission (ACCC), the regulator said Tuesday.The proposed Coles supermarket is anticipated to open in September 2027, the regulator said.

ASX:COL

Asia16h ago

Transurban Group Declares Higher Dividend

Transurban Group (ASX:TCL) declared a dividend of AU$0.35 per share for the six months ending June 30, according to a Wednesday filing with the Australian bourse.The dividend will be paid on Aug. 18 to holders of record as of June 30, the filing said.The company paid a dividend of AU$0.33 per share in the prior corresponding period, an earlier filing showed.

ASX:TCL

Asia16h ago

Aurelia Metals Secures AU$150 Million Senior Secured Financing

Aurelia Metals (ASX:AMI) has completed financial close on a AU$150 million senior secured financing package with Citibank, Credeq, and HSBC, replacing its prior facilities and releasing around AU$46 million in restricted cash to boost available liquidity, according to a Wednesday Australian bourse filing.The facility includes a AU$110 million rehabilitation bonding facility and a AU$40 million revolving credit facility, replacing the prior AU$65 million bonding facility and a $14.6 million undrawn Trafigura loan note advance, per the filing.The new structure comprises three and five-year tranches with no amortization, cash collateral, or mandatory hedging, and is more cost-effective than prior arrangements, the filing added.

ASX:AMI

Asia16h ago

Financial Platform Flows Driven by Capability, Not Pricing, Says Jefferies

Client flows for financial services platforms are driven by managed account capability, as advisers prefer to pay for functionality rather than lower fees, Jarden said in a note on Tuesday, citing its five-year analysis of the sector.The investment firm said, "platform clients are relatively price inelastic," as some expensive platforms continue to attract flows due to strong features, broader investment options, adviser support, and integration.The firm added that HUB24 Limited (ASX: HUB) remained its top pick due to its competitive positioning and capability-based client growth. It preferred AMP (ASX: AMP) over Netwealth Group (ASX: NWL), as the latter continues to lag on flows amid rising costs.Jarden has a buy rating and price target of AU$110.40 for HUB24, an overweight rating and price target of AU$1.75 for AMP, and a neutral rating and price target of AU$25.70 for Netwealth.

ASX:AMPASX:HUBASX:NWL

Asia16h ago

LTR Pharma Gets Ethics Committee Approval for Trial of Intranasal Spray in Patients With Oesophageal Motility Disorders

LTR Pharma (ASX:LTP) received ethics committee approval for a clinical study to evaluate its Oroflow intranasal spray in patients with oesophageal motility disorders, which impede the food swallowing function, according to a Wednesday filing with the Australian bourse.The company expects to initiate the study in the coming quarter to assess Oroflow's effect in healthy volunteers before progressing to patients with the disorders."As a non-invasive intranasal spray, Oroflow may be particularly suited to patients with swallowing difficulties, removing the need to take an oral tablet while offering a rapid route of administration," the company said.

ASX:LTP

Asia16h ago

Atlas Arteria Says Independent Directors Reviewing Response as IFM Takeover Offer Extended

Atlas Arteria (ASX:ALX) said its independent directors are reviewing their response following the extension of IFM Investors' takeover offer after the bidder increased its voting power above 50%, according to a Wednesday filing with the Australian bourse.The company said a supplementary target's statement is expected before market open on June 29, the filing added.

ASX:ALX

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