Lauren Barrett
Lauren has more than six years’ experience as a business journalist and editor in Australia and Southeast Asia. With specialist knowledge of the resources sector, including oil and gas, she has covered publicly listed companies of all sizes. Lauren has reported across a range of industries including mining and property.
Wealth management firm seeks ASX listing as dealer group acquisition hunt heats up
Wealth management and advisory firm AD Financial Limited is moving forward with a $10 million IPO this year and will pursue an aggressive acquisition strategy as it seeks to bolster the number of high-quality dealer groups and individual financial planners on its books. The company is targeting an IPO in mid-2019 with its core clients […]
OreCorp eyes 100% stake in Tanzanian-based Nyanzaga gold project
Gold explorer OreCorp (ASX: ORR) has completed its earn-in requirements to pin down a 51% interest in the Nyanzaga gold project in Tanzania and has entered an agreement to lock-in 100% of the project. Through its local subsidiary, OreCorp said that it has now completed its earn-in obligations to secure 51% of Nyanzaga, in accordance with […]
Galileo Mining pleases investors with Nova-style nickel targets at Fraser Range
Mark Creasy-backed Galileo Mining (ASX: GAL) has pleased investors today after likening nickel-copper-cobalt targets at its Fraser Range project to Independence Group’s (ASX: IGO) world-class Nova ore body. Shares in the junior explorer – which listed on the ASX in May – soared as much as 28% or A$0.065 on the news, hitting an intraday […]
EML Payments boosts net profit by 200% for 2018 financial year
Payment services provider EML Payments (ASX: EML) has released its full year results for the period ending 30 June 2018, recording a 23% revenue increase to $71 million and a 200% surge in net profit to $4.8 million compared to 2017. Revenue growth for the 2018 financial year was driven by an increase in gross […]
Lowering cobalt content in lithium-ion batteries outweighed by surging battery demand
There is no argument that cobalt prices are keeping the cost of producing lithium-ion batteries high and causing headaches for the manufacturers of the next big thing: electric vehicles (EVs). Elon Musk, chief executive officer of Tesla, has generated a lot of headlines this year and the battery metals market has not escaped his attention with his […]
FBR enters agreement with world’s largest producer of bricks
Australian robotics technology company Fastbrick Robotics (ASX: FBR) has announced a partnership agreement with the Wienerberger Group, one of Europe’s leading materials producers and the world’s largest producer of bricks. This agreement is set to disrupt the construction industry which is currently facing major headwinds including a shortage of skilled workers and high demand for […]
Compumedics boosts after tax profit by 133%
Compumedics (ASX: CMP) has delivered a net after tax profit of $2.8 million for the full year ending June 2018 – an increase of 133% on the previous year’s $1.3 million. Meanwhile, earnings before interest tax depreciation and amortisation grew 55% during 2018 to $4.2 million, compared to $2.7 million in 2017. This 55% improvement […]
The Food Revolution Group receives major institutional support from Perpetual and SG Hiscock
The Food Revolution Group (ASX: FOD) has received strong institutional support after Perpetual and SG Hiscock scooped up a 40 million block of its shares. The duo snapped up the shares from Victoria Clean Technology Fund (VCTF), which has reduced its holding in Food Revolution to allocate funds to other early stage businesses in need […]
Australian Potash closes in on sulphate of potash production from Lake Wells
Australian Potash (ASX: APC) is a step closer to becoming the first Australian producer of field evaporated sulphate of potash (SOP) after three tonnes of potassium rich harvest salts from its Lake Wells pilot program in the Western Australia’s eastern goldfields arrived in Perth for processing. The company’s facility in Canning Vale will now process […]
Melbana Energy inks agreement with major Chinese investment firm to drill Cuban oil wells
Junior oil explorer Melbana Energy (ASX: MAY) is a step closer to being a Caribbean oil producer after signing a farm-out agreement with Anhui Modestinner Energy to drill at its Alameda-1 exploration well in north Cuba. The binding definitive farm-out agreement between the companies follows on from a non-binding letter of intent inked back in […]
Pursuit Minerals reports ‘exceptional’ grade vanadium concentrate at Koitelainen Vosa
Pursuit Minerals (ASX: PUR) will forge ahead with a scoping study for its Koitelainen Vosa prospect in northern Finland after results confirmed the presence of high-grade vanadium magnetite concentrate. The Brisbane-based company said the geochemical results were retrieved from the re-sampling of 11 historical drill holes, with grades of vanadium magnetite concentrate exceeding 2.4% over […]
Laneway Resources unveils high-grade gold intercepts at Agate Creek
The development potential at Laneway Resources’ (ASX: LNY) Agate Creek gold project in north Queensland has been given a boost after the company released a string of high-grade intercepts from a recent round of drilling. The RC drilling program was undertaken at the projects Sherwood deposit, which is earmarked for initial production. Numerous and consistent […]
Metals X posts increase in copper and tin production
Australia’s largest tin producer Metals X (ASX: MLX) has given investors some preliminary insight into what its December quarterly report will look like, with the company announcing production increases at its two producing assets. Nifty, which the company acquired in 2016, is an operating underground copper sulphide mine located in the east Pilbara region of […]
Sandfire targets African foray via potential MOD Resources takeover offer
Copper producer Sandfire Resources (ASX: SFR) has made a takeover approach for Botswana-focused explorer MOD Resources (ASX: MOD). Following a media report concerning its interest in MOD, Sandfire released a statement to the ASX confirming it had formally expressed in writing its interest in “exploring a potential combination of the two companies.” Sandfire noted the […]
FirstWave expands cloud-security solutions to Middle East, Africa
Australian cloud security technology company FirstWave Cloud Technology (ASX: FCT) has secured a foothold in the Middle East and African cyber security markets after signing a reseller partnership with SHELT Global. European-headquartered SHELT is a cyber-security company offering online and cloud-based security services to clients through a cybersecurity-as-a-service partnership model. FirstWave highlighted that SHELT was […]
IPH poised to disrupt merger plans after purchasing $33m stake in takeover target Xenith IP
Intellectual property law firm IPH Limited (ASX: IPH) has purchased a 19.9% stake in Xenith IP Group (ASX: XIP) and has indicated it plans to vote against the company’s friendly merger with Qantm Intellectual Property (ASX: QIP). IPH informed shareholders today of the purchase of the equity interest in smaller intellectual property law firm Xenith, […]
Alt Resources identifies historical gold intercepts at Mt Ida
Alt Resources’ (ASX: ARS) aim of transitioning into a junior gold producer has been given a boost after the company identified consistent wide gold intercepts at its Mt Ida project in Western Australia. The intercepts were uncovered at the project’s Shepherds Bush prospect through ongoing collation and review of historical data. Some of the significant […]
Encouraging vanadium assays at Tando Resources’ SPD project bode well for open pit development
Tando Resources (ASX: TNO) has generated another set of high-grade vanadium results at its flagship SPD vanadium project in South Africa, with the near surface intercepts confirming open pit mine potential. Importantly, Tando said the latest results from infill drilling extended the high-grade zone of 87 million tonnes at 1.07% vanadium pentoxide which lies within […]
Shedding loss-making assets helps City Chic boost revenue, net profit
City Chic Collective (ASX: CCX) has grown sales revenue and net profit for the first six months of the 2019 financial year, prompting the company to issue a dividend to shareholders. Releasing its interim half-year financial results to the market today, the fashion retailer revealed a 7% increase in sales revenue of $75.4 million, while […]
Aurora Labs notches up 3D printing speed and scalability
Aurora Labs (ASX: A3D) has boosted the print speed capability of its metal 3D printer to 55 times the market speed, with testing demonstrating the scalable nature of its Rapid Manufacturing Technology (RMT). The Perth-based company said it had wrapped up the latest testing of its propriety technology aimed at printing titanium objects, with the […]