Lendlease plans $2.5b luxury apartment project in Sydney's Hyde Park
ASX-listed Lendlease, which plans to develop 300 units in two towers, declined to say how much it is paying for the 175 Liverpool Street site, which is currently occupied by a 30-storey office tower and tenants including the Fair Work Ombudsman, Ticketek and Waratah Chambers.
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Sydney Morning Herald
an hour ago
- Sydney Morning Herald
Larvotto greenlights $140M NSW Hillgrove gold-antimony mine
A big day has dawned for Larvotto Resources after the company fired the starter's gun on the development of its $140 million flagship Hillgrove antimony-gold project in New South Wales through to first production. The final investment decision (FID) followed the completion of a US$105 million (A$161 million) senior secured bond issue and a fresh $60 million equity raising. Locking in FID 18 months after picking up Hillgrove from administrators for a bargain $8 million - including a $5 million environmental bond - is nothing short of remarkable. The textbook turnaround has arguably highlighted one of the savviest deals struck on the ASX in the past two years. Larvotto says it has now opened the door to one of Australia's most strategically important critical minerals projects, putting the company in the rare position of becoming the only new source of antimony outside China for the next four years. 'Approving this FID represents a landmark moment in the development of Hillgrove.' Larvotto Resources managing director Ron Heeks Antimony is listed as a critical mineral around the globe and was thrust into the headlines a year ago after China - the world's biggest producer - announced it would no longer allow exports. The news sent the metal price through the roof, quadrupling to more than $75,000 a tonne. Antimony is an essential element used in batteries, solar panels and military-grade applications. And the company's entry into the antimony market comes at a critical time, when western nations are scrambling to reduce their reliance on Chinese supply. Larvotto Resources managing director Ron Heeks said: 'Approving this FID represents a landmark moment in the development of Hillgrove. The project is also set to provide the mining industry in New South Wales with a new producing operation. We are grateful for the incredible support the project has continually received in the state from the respective NSW Resources and Planning Departments.' A definitive feasibility study released in May painted a blockbuster picture for Hillgrove, confirming it as a technically robust, high-margin powerhouse.
The Age
an hour ago
- The Age
Larvotto greenlights $140M NSW Hillgrove gold-antimony mine
A big day has dawned for Larvotto Resources after the company fired the starter's gun on the development of its $140 million flagship Hillgrove antimony-gold project in New South Wales through to first production. The final investment decision (FID) followed the completion of a US$105 million (A$161 million) senior secured bond issue and a fresh $60 million equity raising. Locking in FID 18 months after picking up Hillgrove from administrators for a bargain $8 million - including a $5 million environmental bond - is nothing short of remarkable. The textbook turnaround has arguably highlighted one of the savviest deals struck on the ASX in the past two years. Larvotto says it has now opened the door to one of Australia's most strategically important critical minerals projects, putting the company in the rare position of becoming the only new source of antimony outside China for the next four years. 'Approving this FID represents a landmark moment in the development of Hillgrove.' Larvotto Resources managing director Ron Heeks Antimony is listed as a critical mineral around the globe and was thrust into the headlines a year ago after China - the world's biggest producer - announced it would no longer allow exports. The news sent the metal price through the roof, quadrupling to more than $75,000 a tonne. Antimony is an essential element used in batteries, solar panels and military-grade applications. And the company's entry into the antimony market comes at a critical time, when western nations are scrambling to reduce their reliance on Chinese supply. Larvotto Resources managing director Ron Heeks said: 'Approving this FID represents a landmark moment in the development of Hillgrove. The project is also set to provide the mining industry in New South Wales with a new producing operation. We are grateful for the incredible support the project has continually received in the state from the respective NSW Resources and Planning Departments.' A definitive feasibility study released in May painted a blockbuster picture for Hillgrove, confirming it as a technically robust, high-margin powerhouse.
Herald Sun
2 hours ago
- Herald Sun
Top 10 at 11: ASX dives as Fed gives hawkish vibes
The ASX had fallen 0.45pc in the first hour of trade, following US markets lower as the Fed Reserve remains non-committal on rate cuts. Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. Fed refuses to budge on interest rates The ASX is following US indices lower after the US Federal Reserve chair Jerome Powell once again signalled the central bank was not ready to cut US interest rates. Well, not just yet anyway. The ASX fell 0.45% in the first hour, down on 8 of 11 sectors with only info tech (+0.5%) showing any real signs of life this morning. With the US labour market remaining 'solid' by Powell's assessment and a September cut still in doubt, gold shed 0.8% overnight to US$3352.80 an ounce, then slid even further in trade today to US$3287.21 an ounce. Oil continued to rise, ticking up another 1% to US$73.24 a barrel of Brent. Iron ore has also gained marginally, up just 0.1% to hover just beneath the US$100 tonne mark at US$99.07. WINNERS Code Name Last % Change Volume Market Cap ASR Asra Minerals Ltd 0.002 100% 1157516 $4,000,198 WEL Winchester Energy 0.002 100% 849999 $1,363,019 TOU Tlou Energy Ltd 0.028 56% 4672 $23,374,518 DTM Dart Mining NL 0.003 50% 183333 $2,396,111 RAN Range International 0.0025 25% 2380188 $1,878,581 AON Apollo Minerals Ltd 0.008 23% 167672 $6,034,970 AAU Antilles Gold Ltd 0.006 20% 606666 $11,895,340 FBR FBR Ltd 0.006 20% 794501 $28,447,261 AS2 Askari Metals Limited 0.013 18% 153000 $4,445,878 RKB Rokeby Resources Ltd 0.013 18% 958797 $17,983,473 In the news... Winchester Energy (ASX:WEL) has been reinstated to the ASX after clearing a regulatory hurdle by appointing two more non-executive directors and filling out the required three-person roster. WEL is welcoming Jason Peterson, founder of CPS Capital Group, and David Wheeler, director and partner at boutique corporate advisory firm Pathways Corporate, to the board. The company is now seeking advice over a general meeting requirement. Askari Metals (ASX:AS2) is preparing for a systematic exploration program targeting high-grade, shallow gold mineralisation across two major gold corridors at its Nejo gold and copper project. AS2 will explore 10km of the Guliso Trend and 9km of the Guji-Gudeya Trend, home to the Soyoma, Dina, Chago, Chago South, Guji, Komto 1 and Komto 2 gold targets. Rokeby Resources (ASX:RKB) had a solid quarter of exploration and corporate growth, welcoming a $380k investment from new major shareholder Tony Rovira alongside a $1.1m capital raise. The money is funding a maiden drilling campaign just starting at the Hurricane gold project, which has produced bonanza grade rock chips of up to 69.5 g/t gold. LAGGARDS Code Name Last % Change Volume Market Cap MHK Metalhawk. 0.2 -46% 1426123 $45,655,248 XPN Xpon Technologies 0.008 -27% 5898642 $4,556,785 MEM Memphasys Ltd 0.003 -25% 5012105 $7,934,392 3DP Pointerra Limited 0.047 -18% 3680958 $45,889,377 BNL Blue Star Helium Ltd 0.005 -17% 33005320 $16,169,312 ECT Env Clean Tech Ltd. 0.0025 -17% 193524 $12,046,306 SER Strategic Energy 0.006 -14% 500000 $4,697,233 BMG BMG Resources Ltd 0.007 -13% 200000 $6,755,177 CHM Chimeric Therapeutic 0.0035 -13% 3475000 $12,996,494 MGU Magnum Mining & Exp 0.007 -13% 100000 $18,544,297 This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Top 10 at 11: ASX dives as Fed gives hawkish vibes Stockhead These ASX juniors are progressing activities in mineral-rich Canada as the world continues to build non-Chinese supply chains to ensure resource security. Stockhead PainChek, EMVision and Clever Culture Systems are among ASX health companies reporting quarterly results today.
