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Strategic Energy Resources (ASX:SER) raises A$1.5m to fund Diamantina drilling

Strategic Energy Resources (ASX:SER) has received firm commitments to raise A$1.5 million before costs through a A$1.25 million share placement and an expected fully underwritten A$0.25 million share purchase plan at A$0.12 per share to fund drilling and exploration at its Diamantina Copper‑Gold Project in Queensland.

Read more: Strategic Energy Resources (ASX:SER) raises A$1.5m to fund Diamantina drilling
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Albanese Government doubles penalty to $99m as tech giants face under-16 social media scrutiny

The Albanese Government plans to strengthen Australia’s social media minimum age law by giving the eSafety Commissioner broader information‑gathering powers and doubling the maximum penalty for systematic breaches from $49.5 million to $99 million.

Read more: Albanese Government doubles penalty to $99m as tech giants face under-16 social media scrutiny
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Greenland rejects ETM's licence extension bid at Kvanefjeld Rare Earth Project

Energy Transition Minerals (ASX:ETM) says the Greenlandic Government has declined an application by its subsidiary Greenland Minerals A/S to extend exploration licence 2010/02, which covers the Kvanefjeld rare earth project in southern Greenland, and the company is now reviewing the decision with legal advisers.

Read more: Greenland rejects ETM's licence extension bid at Kvanefjeld Rare Earth Project
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Brand over star: Why Nine picked advertisers over Karl Stefanovic

  • Nine Entertainment is negotiating the early exit of veteran breakfast television presenter Karl Stefanovic following a controversial independent podcast interview.
  • The media company faces immediate risk of targeted consumer boycott campaigns from activist groups, threatening its core advertising streams.
  • The structural pivot reflects a broader sector mandate where traditional media networks prioritise advertiser-safe branding over individual talent retention.
Read more: Brand over star: Why Nine picked advertisers over Karl Stefanovic
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Energy shocks and sticky costs keep Aussie equities guessing

  • Headline inflation in Australia slowed to 4% in May, down from 4.2% in April, primarily dragged lower by a monthly drop of 11.9% in automotive fuel prices.
  • Core underlying pressures intensified as the trimmed mean metric accelerated from 3.4% to 3.6%, alongside a 6.5% rise in annual housing costs and a 21.1% spike in electricity expenses.
  • Persistent structural inflation maintains pressure on the Reserve Bank of Australia regarding its 4.35% cash rate, forcing major consumer, defensive, and retail entities to manage fluctuating operating margins and shifting household disposable income.
Read more: Energy shocks and sticky costs keep Aussie equities guessing
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Why medical imaging innovators are racing for regulatory clearance

  • 4DMedical (ASX:4DX) secured Australian therapeutic approval for its non-contrast lung imaging software platform.
  • The affected software providers operate with contrasting financial profiles, ranging from $5.9 million to $628 million in annual revenues.
  • Securing government healthcare reimbursement and international commercial distribution models remains the primary strategy for the sector.
Read more: Why medical imaging innovators are racing for regulatory clearance
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Australia’s tax overhaul shifts capital to new builds

  • The federal government has secured the passage of its first budget tax reform tranche by forming a Senate alliance with the Australian Greens.
  • The structural compromise removes a 50% capital gains tax discount, introduces cost base indexation, and applies a 30% minimum capital gains tax from July 1, 2027.
  • A strict ban on self-managed super funds borrowing for residential property shifts structural momentum towards major commercial builders of new housing supply.
Read more: Australia’s tax overhaul shifts capital to new builds
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WiseTech shares plunge amid federal fraud investigation

  • Federal authorities are investigating WiseTech Global (ASX:WTC) executive chairman Richard White over visa fraud and human trafficking allegations.
  • The ongoing controversy triggered a sharp market sell-off, pulling the WiseTech share price down to $36.88.
  • Institutional investors are reassessing sector governance and operational risk amid wider software industry headwinds.
Read more: WiseTech shares plunge amid federal fraud investigation
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West Wits repays US$12.5m loan, clears path to ZAR 875m facility

West Wits Mining (ASX:WWI) has repaid in full its US$12.5 million Nebari loan facility, removing associated security and obligations and satisfying the final condition precedent to financial close of a ZAR 875 million (~US$53 million) senior loan facility with Absa Bank and Nedbank CIB.

Read more: West Wits repays US$12.5m loan, clears path to ZAR 875m facility
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ASX flags mining disclosure and ‘ramping’ in new supervision report

ASX (ASX:ASX) has published its inaugural Listed Entity Supervision Report 2026 and used it to signal a sharper focus on market integrity risks, including how companies use the announcements platform and how miners report their activities.

The exchange said it is shifting towards proactive, risk‑based supervision and wants to give listed entities more clarity on topics such as its approach to earnings surprises, investor presentations and other disclosures that can move share prices.

Read more: ASX flags mining disclosure and ‘ramping’ in new supervision report
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ASIC sues Keystone directors over A$530m Shield fund

ASIC has filed Federal Court proceedings against former directors and compliance committee members of Keystone Asset Management Ltd (Receivers & Managers Appointed) (In Liquidation) over alleged failures in the management of the Shield Master Fund, which held more than A$530 million from around 5,800 superannuation investors.

Read more: ASIC sues Keystone directors over A$530m Shield fund
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Echelon receives A$15.7m from Cue share sale

Echelon Resources (ASX:ECH) has received approximately A$15.7 million from settling the sale of 139,885,879 shares in Cue Energy Resources (ASX:CUE) to Horizon Oil (ASX:HZN), under a pre‑bid agreement first announced in March 2026.

The sale forms part of Horizon’s off‑market takeover bid for Cue, which has now closed and left Horizon with a 57.06% relevant interest in Cue following completion of the pre‑bid acquisition and acceptances under its offer.

Read more: Echelon receives A$15.7m from Cue share sale
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Australian budget runs smaller-than-expected May deficit of A$10.9b

  • The Australian Government reported an underlying cash deficit of A$10.9 billion for 2025–26 to 31 May 2026.
  • Receipts were A$1.7 billion above profile while payments were A$5.9 billion below profile, improving the in‑year position.
  • The Government’s published budget still forecasts a full‑year underlying cash deficit of A$28.3 billion and a fiscal deficit of A$50.1 billion.
Read more: Australian budget runs smaller-than-expected May deficit of A$10.9b