Chalmers says he has raised controversial James Hardie deal with ASX
Treasurer Jim Chalmers has directly raised the ASX's decision that James Hardie Industries can shift its primarily listing without a shareholder vote with the exchange's chairman, but signalled he is reluctant to intervene despite widespread anger from the country's biggest investors.
The building products manufacturer is proposing to merge with Azek, an American outdoor decking and railings company, in a $14 billion deal that will ultimately move the combined group's primary listing to New York.
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Herald Sun
an hour ago
- Herald Sun
AUC on track for Katanning gold feasibility
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. AUC extends Datatine shoot at Katanning gold project Assays include grades up to 5.8g/t gold Project feasibility study due for release in late-June Special Report: Ausgold has extended the Datatine high-grade shoot by 240m down-plunge at its Katanning gold project (KGP) in WA. New results reinforce the potential of Datatine as a high-grade underground prospect and support a strong outlook for future resource growth at Katanning. The company is in the final stages of a feasibility study at the project, as it accelerates towards its goal of becoming Australia's next mid-tier gold producer. Plan map of the Katanning gold project. Pic: AUC The Datatine prospect hosts some of the highest gold grades within the project, previously returning grades of up to 11.47g/t. This final batch of assays from four reverse circulation-diamond and diamond drill holes have extended the Datatine shoot 240m down-plunge of the current Datatine resource. They returned a notable 6.6m at 3.40g/t gold from 362m, including 3.8m at 5.80g/t from 364.85m in BSRCD1805, the deepest hole in this program. Hole BSRCD1803 returned 2m at 3.67g/t from 297m along with 11.3m at 0.96g/t, including 4.2m at 1.81g/t from 333.83m. This hole, along with holes BSRCD1802 and BSDD049, returned intersections consistent with economic open pit grade intercepts. These results have informed an updated geological model for the high-grade mineralisation at Datatine. Datatine prospect-scale plan map with new drilling highlighted and aeromagnetic background. Pic: AUC Highlights underground mining potential Ausgold (ASX:AUC) will now utilise funding of up to $180,000 secured through Round 31 of the Geological Survey of Western Australia (GSWA) Exploration Incentive Scheme (EIS) to: Target sections where high-grade mineralisation is interpreted to have been missed; and Test for further high-grade mineralisation up to 150m beyond the current down-plunge extent. 'The latest assay results from Datatine continue to validate the potential for underground mining at Katanning,' AUC executive chairman John Dorward said. 'Results from BSRCD1805, which sit 240m down-plunge of the current resource, are particularly encouraging and support our strategy to pursue resource growth at depth. 'With both Datatine and the Central Zone remaining open down-plunge, we see clear opportunities to increase resources at the KGP and look forward to undertaking additional drilling at Datatine, supported by EIS co-funding, to follow-up this opportunity.' The company is on track to complete the project feasibility study considering the development of a large-scale, long-life open pit gold project at Katanning in late June. This article was developed in collaboration with Ausgold, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Ausgold reinforces Katanning underground potential with high-grade hits
AU Financial Review
an hour ago
- AU Financial Review
Don't fret about AUKUS. Australia can keep attracting US capital
As geopolitical tensions rise, tariff tremors shake the United States and markets remain volatile, global capital is in motion. For decades, American investors have focused primarily on domestic opportunities. But in 2025, there is a noticeable shift: US capital is looking outward – and increasingly, it is looking to Australia. This comes at a critical juncture. President Donald Trump has launched a review of the AUKUS agreement, raising some eyebrows in the media, and diplomatic watchers anticipate a potential meeting between Trump and Prime Minister Anthony Albanese on the sidelines of this weekend's G7 Summit in Canada.
West Australian
2 hours ago
- West Australian
Venus lands hefty 38g/t gold hit at promising WA Sandstone project
Venus Metals Corporation has tapped into a golden hot streak after new drilling at its promising Bellchambers and Rangeview prospects near Sandstone in Western Australia unearthed a sizzling 1m hit grading 38.3 grams per tonne (g/t) gold. The company's latest 34-hole reverse circulation drilling campaign, totalling 1749 metres, added more juice gold to its existing resource at Bellchambers and sharpened the exploration focus on the company's nearby Rangeview prospect. The results are expected to fast-track an updated resource estimate, potentially upgrading parts of the resource from indicated to measured status. Standout hits at Bellchambers include a juicy 19m grading 3.74g/t gold from just 11m downhole – with a blazing 1m at 38.3g/t – along with a 29m hit going 1.55g/t from 11m and 30m running at 1.72g/t from 45m. Over at Rangeview, the rig nailed 13m at 1.60g/t gold from 19m and a 18m find at 1.24g/t from 47m, spiced up by a 1m strike going 11.5g/t gold. Venus says the results hit the mark, backing up the known gold zones across both prospects. Notably, the drill campaign plugged key gaps in the existing Bellchambers resource, which already hosts 722,000 tonnes at 1.31g/t for a handy 30,500 ounces gold. Venus Metals holds a commanding 90 per cent stake in the 125-square-kilometre Bellchambers project, 23km southwest of Sandstone. It also holds 55 million shares worth more than $16 million in Rox Resources, which owns the nearby monster 2.3-million-ounce Youanmi gold project. Venus says the new results support its plans to push the project towards potential development, with near-surface oxide mineralisation at Bellchambers being a key focus for upcoming test work and metallurgical studies. A diamond drilling campaign is now in the pipeline to tighten resource estimates and gather fresh samples for processing studies. Adding to the reams of new data, the company is also collecting representative samples to validate metallurgical recoveries as a key step on the road to production. Structurally, gold at Bellchambers and Rangeview prospects is tied to quartz veins and sulphide-rich zones within sheared sedimentary and mafic rocks. The steeply dipping mineralisation runs down to about 45-50 metres, making it well-suited to open-pit mining. With a mine-gate sales agreement already in the mix with Rox Resources, Venus is well-positioned to potentially monetise its gold ounces without the heavy lifting of building a standalone plant. The Sandstone region, already peppered with historic gold workings, appears to be continuing to deliver for Venus. And with a refreshed resource estimate due in the next two months, punters may not have to wait long to see just how much more gold could be added to the ledger. This latest round of drilling has confirmed Bellchambers and Rangeview remain fertile hunting grounds and Venus is keeping the drill rigs warm for more discoveries. Is your ASX-listed company doing something interesting? Contact:
