Weekly Wrap
View in browser
014fff0e-d808-e0aa-0213-b29ea5eed130
d2952fcd-676e-04c2-f6d2-5d736ee49fa3

One of the year’s largest healthcare IPOs, Saluda Medical (ASX proposed: SLD) expects to hit the boards next Friday, December 5, after raising ~$230 million to support the global rollout of its ECAP-controlled neuromodulation platform for chronic pain. The Company’s Evoke® system is already FDA-approved and generating accelerating revenue in the US, with Saluda targeting further penetration as it scales commercial operations.

 

Unhedged gold producer West African Resources (ASX: WAF) resumed ASX trading following discussions with the Burkina Faso Government aimed at advancing and promoting the long-term sustainable growth of the country’s gold mining industry. WAF submitted a proposal to increase both national participation and Government revenue from the development of new and previously closed mining projects in Burkina Faso, as an alternative to a further equity interest in WAF’s Kiaka project. WAF’s Sanbrado and Toega projects were not part of the discussions.   

 

New Zealand AI tech developer Blackpearl Group (ASX: BPG) secured its dual listing status on Tuesday as it commenced trading on the ASX. The Company reported its H1 FY26 results, reporting strong execution across all priorities to start the year: accelerating ARR (+87% YoY), advancing the Blackpearl Engine, launching a new AI product and acquiring a highly synergistic venture in B2B Rocket. The Group achieved $19.5M ARR and is now operating as four parallel engines to drive further scale. Covered by Startup Daily.

 

Perseus Mining (ASX: PRU) further extended its $100 million on-market share buyback program this week, which will run until 28 August 2026. Perseus will buy back up to 40 million shares under the program.

 

Atomic Eagle (ASX: AEU) commenced trading on the ASX on Monday following the transformational merger of Tombador Iron (ASX: TI1) and GoviEx Uranium (TSX-V: GXU), creating an ASX-listed mineral resource company focused on exploration and development of uranium assets in Africa, with the 100%-owned Muntanga Uranium Project in Zambia as its core asset. The company hosted a webinar yesterday. 

 

Tarrina Resources (ASX: TR8) listed on the ASX after raising $5m and is now rapidly advancing its flagship Christmas Gift Gold Project in NSW, where historic production of 30,000oz at 18g/t and multiple high-grade drill hits highlight strong growth potential. Relogging 2,240m of historic core and soil sampling are underway ahead of 1,500m diamond drilling scheduled for January 2026 to target extensions of the high-grade system. TR8 is also progressing the Walparuta and Yongala copper-gold-silver-REE projects in South Australia. Covered by Mining.com.au and Undiscovered Alpha

 

InhaleRx (ASX: IRX) expanded its pipeline with SRX-25, an oral fixed-dose esketamine/CYP450 inhibitor therapy designed to improve access and adherence in Treatment-Resistant Depression. The asset leverages the FDA’s 505(b)(2) pathway, with manufacturing, non-clinical work and Phase 1/2 trials funded through the Linlithgow Facility, aiming for Phase 3 readiness within 2–3 years. InhaleRx has also completed a $750k Placement and plans a $250k Rights Issue, and will seek shareholder approval to rebrand as Nexalis Therapeutics to reflect its broader drug-development focus. Covered by Stockhead


Axel REE (ASX: AXL) reported breakthrough leaching results from the Area B - Woolrich Target at its Caladão Project in Brazil, confirming a genuine IAC system, delivering magnet-rich REE recoveries (~40% NdPr, ~42% MREO) and soluble TREO grades comparable to Malaysia’s Gerik ISL mine, a simple and profitable ionic adsorption clay operation. Axel expects to release a Mineral Resource Estimate for Area B in December 2025. Covered by Stockhead and Small Caps.

 

Advanced Innergy Holdings (ASX: AIH) announced its FY25 unaudited proforma financial performance exceeded Prospectus forecasts, with revenue above $335 million (up 16% vs FY24) and a 134% increase in NPAT to $25.8 million. Pcp revenue growth was driven by an increase in offshore wind projects along with demand for battery testing and protection capability. The Company remains confident of the long-term thematics in each of its core end-user markets: energy, battery, marine and industrial, and reconfirmed its prospectus guidance for FY26 of $387.9M revenue and $62.3M EBITDA. Watch its FY25 Results Webinar replay here.

936 NWR Invitation v4 (1) (1).pdf
e489896d-bd25-ad02-1487-600a727bb2f0
Screenshot 2025-11-27 152351

Fresh off a $150 million IPO, Advanced Energy Holdings (AIH) CEO Andrew Bennion joins us to unpack the company’s maiden FY25 results and the material-science platform driving its global scale. AIH develops, engineers and manufactures mission-critical products that protect some of the world’s most valuable energy infrastructure across hazardous and highly regulated environments.

 

In this episode, Andrew explains why a UK-headquartered business chose the ASX, how AIH has built a 20-year track record with zero in-service failures, and why the company’s disciplined innovation pipeline continues to open new markets from oil and gas to hydrogen, EV batteries and defence. He details how AIH converts a $2.4 billion pipeline, operates 20 facilities across 13 countries, and delivers strong visibility with a record backlog supporting reaffirmed FY26 guidance.

 

We also dive into AIH’s acquisition strategy, its cross-selling model, progress in floating wind and subsea monitoring, and the cultural integration required to keep innovation at the centre of a global organisation. A deep, inside look at a newly listed industrial leader entering its next phase of accelerated growth.


Youtube | Spotify

Screenshot 2025-11-27 160613

In this episode of Vantage Point, we sit down with Nick Lissette, CEO of Black Pearl Group, the AI-driven data technology company listed on the NZX and preparing for an ASX debut later this month. Nick walks us through a strong recent quarterly update, the company’s $15 million capital raise, and how Black Pearl’s Pearl Engine is helping SMEs accelerate sales and marketing through smarter data. We also discuss the path to the ASX and why Black Pearl has become one to watch. Enjoy the episode.

 

Youtube | Spotify

464b3264-700d-c512-d21d-1015cfbda0fa

Canary Capital released updated research on Iltani Resources (ASX: ILT) following Iltani’s delivery of a maiden JORC Mineral Resource Estimate for the Orient East deposit at its Orient Project in Queensland and announcement of $8M in funding from the Queensland Investment Corporation to advance the project.

1d8e370b-b352-ca8f-385a-25e59f5d215f

METALS, MINING AND ENERGY

 

Trigg Minerals (ASX: TMG) uncovered a major new high-grade antimony zone 1km north of the core Antimony Canyon Project, with samples up to 29.4% Sb and multiple results above 1% Sb, expanding the mineralised strike to +3.5km and confirms a clearly defined geological host unit, the ‘Salt n Pepper’ tuff, averaging 3.07% Sb in channel sampling. The northern extension aligns with key fault structures and CSAMT conductors, opening a significant new target area. Results reinforce Antimony Canyon as one of the highest-grade undeveloped antimony systems in the U.S., with targets now being finalised for drilling. Covered by Stockhead and Small Caps.

 

Trigg continues to build government support for its US projects, with Managing Director Andre Booyzen delivering a presentation to the Utah State Natural Resources, Agriculture and Environment Interim Committee. Mr Booyzen also met U.S. Department of Energy and the U.S. Department of War representatives in Washington, D.C.  to discuss ACP and its Tennessee Mountain tungsten project in Nevada. Covered by Stockhead.

 

Power Minerals (ASX: PNN) returned more high-grade niobium and rare earth results from shallow auger drilling at its Santa Anna Project in Brazil, including 20m at 2,006ppm Nb₂O₅ and 20m at 4,757ppm TREO, reinforcing the scale of near-surface mineralisation. With a 10,000m RC drilling program set to begin next month to test uncharted areas and target a maiden Mineral Resource in Q1 2026, the results strengthen Santa Anna’s potential as a high-grade critical minerals opportunity. Covered by Stockhead.

 

Power delivered a Conceptual Development Study for the Incahuasi Lithium Project, confirming the Project’s technical viability and establishing an attractive, logical baseline to advance development with JV partner Summit Nanotech. The Study contemplates producing 5,000 tpa of high-purity lithium carbonate (99.95% Li₂CO₃) over a 20-year mine life from the current JORC 2012 Measured and Indicated Mineral Resource of 235,073t LCE, with brine extracted and concentrated on-site then transported to a shared central DLE facility at Pocitos for processing via Summit’s denaLi™ technology. Covered by Stockhead.

 

Element 25 (ASX: E25) is advancing its Butcherbird Expansion Project in WA, targeting 1.1Mtpa manganese concentrate production, with lead engineer Altris Engineering underway, key equipment procured, mining contract selection nearing completion, and offtake negotiations well progressed. The project is backed by a $10m placement and a $50m NAIF debt facility, with additional funding term sheets under negotiation, and is fully approved under WA regulations. The expanded output will underpin more than 18 years of mine life and support feedstock supply for Element 25’s planned US HPMSM battery materials refinery. Covered by Mining Weekly.

 

The first mining blast was completed at the open pit of Lotus Resources (ASX: LOT) Kayelekera Mine in Malawi, following the commencement of uranium production in August 2025. This key milestone marks mining commencement at Kayelekera, enabling the company’s planned transition from processing previously mined ore stockpiles to include new run-of-mine ore from the Kayelekera mine. Our ramp up to a steady-state uranium production level of 200,000 lbs of U3O8 per month at Kayelekera remains on track for Q1 CY2026.

 

Aureka (ASX: AKA) released new assay results from the St Arnaud Comstock Project, reporting some of the strongest mineralised intervals encountered to date. The latest drilling returned 1m at 65.37 g/t gold from 116.2m, including 0.3m at 109 g/t gold, which represents the highest individual assay recorded in Aureka’s drilling at Comstock. Other results included 10.04m at 1.58 g/t gold and 15.39m at 0.63 g/t gold. Importantly, all of these intercepts lie outside the maiden JORC Resource boundary, extending known mineralisation by up to 100m and supporting the potential for future resource growth.

 

Kalamazoo Resources (ASX: KZR) highlighted significant brownfields and greenfields growth potential at the 1.44Moz Ashburton Gold Project in WA, including a defined target portfolio pipeline with the opportunity to add further mine life and value beyond the recently released Mt Olympus Scoping Study. Covered by The West Australian, Australian Resources & Investment and Mining.com.au.

 

Chariot Corporation (ASX: CC9) executed an agreement with its local partner Continental Lithium Limited and joint venture entity C&C Minerals Limited  to establish small-scale mining (“SSM”) across the Company’s Nigerian lithium portfolio.

 

IRIS Metals (ASX: IR1) signed a Collaboration Agreement with U.S. based Rock Zero Inc. to

accelerate the development of lithium refining capacity in the United States. The collaboration combines IRIS’ permitted hardrock lithium resources in South Dakota with Rock Zero’s proprietary lithium refining technology to pursue domestic non-dilutive government funding

opportunities.

 

Evergreen Lithium (ASX:EG1) signed a binding Heads of Agreement with Mr Ross Fredrick Crew to acquire 100% of five tenements that materially expand the northern strike extent of the Company’s Queens Gold Project in the Leonora Goldfields, Western Australia.

 

BOA Resources (ASX: BOA) announced a transformational acquisition of a 49% interest in the Neds Creek Copper Project in WA’s Murchison region. The acquisition includes 13 exploration licences (consisting of 12 pending exploration licences and one granted exploration licence) covering ~1,140km² near Sandfire’s DeGrussa and Monty copper mines and surrounding the Green Dragon and Thaduna copper deposits. Drilling for H1 2026.

 

Argent Minerals (ASX: ARD) commenced a drilling program across multiple high-priority target areas within the Kempfield Silver-Polymetallic Project and Trunkey Creek Gold Project in NSW. The program, comprising 45 reverse circulation and diamond drill holes for a total of ~3,200m, is targeting multiple gold, silver and polymetallic targets. Covered by Stockhead.

 

Iltani Resources (ASX:ILT) shareholders approved a $2M equity investment by the Queensland Investment Corporation’s (QIC) Critical Minerals and Battery Technology Fund. The investment unlocks a further $6M royalty investment, allowing the full $8M funding to proceed. The funding will accelerate exploration and project development at the Orient Silver–Indium Project in North Queensland.

 

Native Mineral Resources’ (ASX: NMR) Blackjack Gold Project surpassed 1,000oz gold production. The companies TSF and Far Fanning works continue to advance, with regular gold pours from August to November confirming steady-state operations and Blackjack’s transition into a reliable, gold producer.

 

EQ Resources (ASX: EQR) released an important update on the refinancing of its Spanish Debt. With Oaktree’s Letters of Guarantee expected to be extended and term sheets now in hand, EQR is progressing strongly toward a binding refinancing outcome.

 

Golden Dragon Mining (ASX: GDR) commenced Reverse Circulation (RC) drilling at Coodardy within the larger the Behring Bore area, one of Golden Dragon’s advanced gold targets in WA’s Goldfields region.

 

RENEWABLE ENERGY

 

Frontier Energy (ASX: FHE) Executive Director and substantial holder Grant Davey moved to ~10% holding in FHE following latest on market purchases. Over 2024 and 2025 to date, Grant has continued to back the company, buying ~$1.854m worth of shares on market.

 

Norway turned on a winter wonderland to welcome a delegation to Provaris Energy’s (ASX: PV1) newly established Robotics Innovation Centre in Fiskå on the West Coast, where the company showcased the fabrication of its world-first compressed H2 prototype tank under development using a robotic cell. Chairman Greg Martin also gave an address at the company’s AGM, highlighting the transformative and strategically significant year it has been for Provaris, and priorities moving into 2026.

 

BIOTECH

 

Syntara (ASX: SNT) will progress its next-generation topical anti-fibrotic SNT-9465 into a Phase 1b hypertrophic scar study after Phase 1a confirmed dose-dependent target engagement and a good safety profile. The split-scar Phase 1b trial will commence ahead of schedule, while the Fiona Wood Foundation/University of Western Australia keloid study has reached 50% recruitment. Both programs remain on track to deliver results in 2026 to support an FDA IND application. Covered by AusBiotech.

 

Bioxyne (ASX: BXN) has dispatched its second shipment of Australian-manufactured, GMP-grade MDMA capsules to the Victorian Government’s Eastern Health department, arriving less than two weeks after the landmark first Australian-made batch. The delivery supports a groundbreaking public health clinical trial focused on treating patients with treatment-resistant PTSD co-occurring with borderline personality disorder.

 

Proteomics (AS: PIQ) announced its majority-owned subsidiary OxiDx Pty Ltd, in collaboration with The University of Western Australia, presented groundbreaking performance data showing that thoroughbred horses racing without oxidative stress (as measured by the OxiDx test) were 76% more likely to place and 49% more likely to win than horses with oxidative stress. Proteomics also announced that the US Centers for Medicare & Medicaid Services (CMS) published its final determination of the national reimbursement price for PIQ’s next-generation Promarker®D test system, the predictive test for diabetic kidney disease (DKD).

 

INDUSTRIALS

 

ECS Botanics (ASX: ECS) launched Australia's first sugar-free, vegan THC gummies under its OzSun brand, as B2C sales have grown to surpass 60% of revenue.

 

TECHNOLOGY

 

Pathkey.AI (ASX: PKY) completed a $2.5m placement and launched a rights issue to accelerate AI growth. Covered by The Market Bull.

 

CORPORATE NEWS

 

Chimeric Therapeutics (ASX: CHM) received a $4.5 million R&D tax incentive refund from the Australian Government, recognising its eligible research and development activities during FY2025. The refund, provided under the national R&D Tax Incentive program offering up to a 43.5% refundable offset, will support the Company’s ongoing cell therapy development efforts. Covered by Proactive.

 

ReNerve (ASX: RNV) received commitments from new and existing institutional and sophisticated investors, to raise approximately $3.2M before costs. The Placement was well supported by new and existing shareholders and the Company is pleased to welcome

the new investors on to the register.

 

Bio-Gene Technology (ASX: BGT) received a $519,500 R&D tax incentive refund from the Australian Taxation Office for eligible FY2025 research activities, supporting the development of its novel, nature-derived insecticides Flavocide® and Qcide®. The refund, provided under the Federal Government program offering a 43.5% rebate on qualifying R&D expenditure, reinforces Bio-Gene’s ongoing investment in innovative, patent-protected insecticide technologies for global markets.

 

KGL Resources (ASX:KGL) appointed Lindi Deguara as a Non-executive Independent Director. Lindi is an accomplished director and executive with more than 20 years’ experience across governance, legal, commercial and corporate leadership roles.  She is Managing Director of her own advisory firm and incorporated legal practice, Strategic & Commercial Outcomes, advising on major energy, infrastructure, and resources projects.

 

Recharge Metals (ASX:REC) advised Simon Andrew will step down as its Non-Executive Chairman and Chris Zielinski will be appointed as Non-Executive Director at the conclusion of the AGM.  Chris is an experienced corporate lawyer and a director of Nova Legal, a Perth-based corporate law firm. He brings extensive expertise across corporate and commercial law, including mergers and acquisitions, equity capital markets, regulatory compliance and commercial transactions, with a strong focus on the resources and technology sectors within the ASX-listed environment.

 

Iondrive (ASX: ION) secured $4M at no discount to accelerate its US e-waste recycling plans. Cornerstone investors supported the round alongside $180k from Directors and management.

2bd5880e-8827-b5ce-6048-53977a37b835

Syntara (ASX: SNT) launches Phase 2 trial aiming to reduce transfusion burden in myelodysplastic syndromes | Media coverage by AusBiotech

9360579f-5f37-12bd-5e32-0b822a6998a0

Trigg Minerals (ASX: TMG) - US Government and North American Roadshow Presentation

 

Chimeric Therapeutics (ASX: CHM) - AGM Presentation

 

Alligator Energy (ASX: AGE) AGM Presentation

 

Auric Mining (ASX: AWJ) Singapore Roadshow Presentation

 

IRIS Metals (ASX: IR1) Investor Presentation

 

Investigator Resource (ASX: IVR) AGM & SAEMC Investor Presentation

 

Element 25 (ASX: E25) AGM Presentation

 

AnteoTech Ltd (ASX: ADO) Managing Director AGM Presentation

 

Axel REE (ASX: AXL) Investor Presentation

 

Charger Metals (ASX: CHR) AGM Presentation

 

Iondrive (ASX: ION) AGM Presentation

 

Blackpearl Group (ASX:BPG) HY FY26 Webinar Presentation

 

Babylon Pump & Power (ASX: BPP) AGM Presentation

 

BOA Resources (ASX: BOA) - Transformational acquisition of WA Copper Assets and 2025 AGM presentation

 

Advanced Innergy Holdings (ASX: AIH) FY25 Results Presentation

08d61125-922d-f279-49d0-ba04b9faa6bb
Screenshot 2025-11-27 153849

Sparc Technology (ASX: SPN) MD Nick O’Loughlin joined the ASX Brief podcast to discuss ecosparc®’s path to FY26 commercialisation and progress at the Roseworthy hydrogen pilot.

27-11 (1)

Gladiator Metals (TSXV:GLAD) CEO and Director Jason Bontempo joined SmithWeekly Research to discuss the recent Cowley Park copper-gold exploration results, new targets to the south, potential porphyry mineralisation at depth, the timing of the Cowley resource estimate, and upcoming exploration pipeline work.

27-11 (2)

Kalamazoo Resources (ASX: KZR) CEO Luke Mortimer spoke to Shae Russell from Mining.com.au to discuss the exploration and growth potential at its Ashburton Gold Project.

27-11 (3)

Syntara (ASX: SNT) Topical Pan-Lox Inhibition for Skin Scarring KOL webinar REPLAY with Prof. Ardeshir Bayat

Screenshot 2025-11-27 154313

Aureka (ASX: AKA) RAAS Research Group showcased Stock Take Webinar, where senior analyst Joshua Baker shares his expert insights on the current state of the gold market featuring Managing Director James Gurry Aureka

27-11 (5)

Iltani Resources (ASX: ILT) Managing Director Donald Garner spoke to Mining.com.au’s Shae Russell about results from Iltani’s Orient Project VTEM survey while at the Noosa Mining Conference earlier this month.

27-11 (6)

Metro Mining (ASX: MMI) CEO and managing director Simon Wensley, provides an update on production at its Bauxite Hills mine in Far North Queensland, where the company has steadily increased production from 2 million tonnes per annum in 2021 to the current 7 million tonnes per annum.

NWR Communications, Level 6, 350 Collins Street, Melbourne, VIC 3000

Unsubscribe Manage preferences