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Pancontinental Energy Confirms Promising Hydrocarbon Potential in Namibia’s Orange Basin
Pancontinental Energy (ASX: PCL) has further highlighted the potential of its PEL 87 project in the high-profile Orange Basin, offshore Namibia. A new basin modelling study has identified that the Kudu shale formation, widely recognised as the primary source of hydrocarbons for the major light oil discoveries to the south of PEL 87, is located […]
Horseshoe Metals to Accelerate Copper-Gold Project Development After Key DSO Approval
Horseshoe Metals (ASX: HOR) is planning to fast-track development at its Horseshoe Lights copper-gold project (HSL) in Western Australia after receiving a key direct shipping ore (DSO) mining approval from the state government. The company now plans to mobilise operations personnel to site in early July with a DSO start-up planned to kick off as […]
Peak Minerals Returns Strong HM and Rutile Assays from Drilling at Minta Project
Peak Minerals (ASX: PUA) has announced new heavy minerals (HM) results from broad-spaced reconnaissance drilling across residual and alluvial zones at its Minta rutile project in central Africa. Drilling of a total of 564 holes across the Minta, Minta Est and Afanloum areas systematically tested an initial 3,500 square kilometres to identify higher-grade areas for […]
Marmota’s Gawler Gold Project Gains Momentum as Maiden Greenewood Drilling Set to Begin
Marmota (ASX: MEU) is in the final stages of preparation for a maiden drilling campaign at the Greenewood discovery within its Gawler gold project in South Australia that forms part of the Golden Moon joint venture. The company has planned a reverse circulation (RC) program comprising 127 holes for a total of 10,000 metres to […]
Terra Uranium to Acquire Undeveloped Tungsten-Tin-Molybdenum Project in NSW
Terra Uranium (ASX: T92) has entered into an agreement to acquire Dundee Resources, which owns the largest undeveloped tungsten-tin-molybdenum project in the New England region of New South Wales. The transaction will focus on a tenement package comprising the Glen Eden, Bald Nob and Deepwater tin, tungsten, molybdenum, silver and base metals projects. In consideration […]
Will Young Workers Be Left Behind by Superannuation Tax Reforms?
There has rightly been a big fuss made about the recently elected Labor government’s plan to introduce an extra 15% tax on all superannuation account balances above $3 million. While the proposed new tax will initially only hit around 80,000 people, there are genuine concerns around issues such as the lack of indexation of the […]
SportsHero Expands Presence in Southeast Asia with $1.55m PLDT Agreement
Social sports platform operator SportsHero (ASX: SHO) has expanded its Southeast Asian presence, signing a $1.55 million agreement with major Philippines telco PLDT. Operating out of Singapore, SportsHero offers a platform for connecting sports enthusiasts through various games and challenges. The company currently has a strong presence in Indonesia with a local version called Olahbola […]
Energy World Corporation Secures $659m from Shareholders in Key Refinancing Deal
LNG developer Energy World Corporation (ASX: EWC) has entered into a subscription agreement with major shareholders Energy World International (EWI) and the Slipform Engineering Group in relation to the refinancing of existing debts. The amount of approximately $659 million agreed to under the deal, plus all accrued interest owed, will be converted into fully paid […]
Next Science Agrees to US$50m Asset Buyout by Italian Healthcare Firm Demetra
Australian medical technology company Next Science (ASX: NXS) has agreed to a US$50 million majority asset buy-out by Italian healthcare collective Demetra Holding SpA. The transaction, which follows a competitive sale process over several months and represents a substantial premium to Next Science’s current market capitalisation, will include the sale of regulatory approvals, contracts, intellectual […]
Vinyl Group Accelerates E-commerce Sales with $1.5m Facility from Major Shareholder Songtradr
Australian music technology and media company Vinyl Group (ASX: VNL) is set to accelerate its e-commerce sales after it secured a $1.5 million revolving line of credit with US business-to-business music platform and Vinyl’s major shareholder, Songtradr Inc. The 24-month facility will provide flexible working capital to support the establishment of rapidly scaling direct-to-consumer vinyl […]
Barton Gold Strengthens Eyre Peninsula Foothold with Wudinna Gold Project Acquisition
Barton Gold (ASX: BGD) (OTCQB: BGDFF) will spend a total of $15 million in cash and shares to acquire the Wudinna gold project in South Australia from Cobra Resources. The project — which houses the Barnes, White Tank, Clarke and Baggy Green discoveries — is located approximately 200 kilometres south-east of Barton’s Tunkillia gold development and […]
Former ACCC chair Rod Sims urges Australia to take the lead in global green shipping fuel trade
Former Australian Competition and Consumer Commission chair Rod Sims has suggested that there is an opportunity available for Australia to become the world’s dominant provider of green shipping fuel. Currently the chair of the Superpower Institute, Mr Sims told attendees at the fifth Maritime Decarbonisation Summit that increasing its green shipping fuel numbers is an […]
Brightstar Resources and Aurumin in merger talks to consolidate Central Sandstone gold tenements
Brightstar Resources (ASX: BTR) and Aurumin (ASX: AUN) are in talks regarding a proposed merger to consolidate their respective tenement holdings within the Central Sandstone region of Western Australia in an effort to de-risk and accelerate development of the emerging Sandstone gold project. The merger would provide greater certainty for the development of new infrastructure […]