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High-Grade Copper Intercepts at Golden Grove

29Metals Limited announced impressive results from their drilling program at the Golden Grove operations. The company reported high-grade copper, zinc, and gold intercepts that highlight the potential to extend the life of their existing Gossan Hill Deposits. The results also indicate that the Ozion and Hougoumont Extended deposits may be part of a single large mineralized system at depth, which could lead to future mining cost efficiencies through shared infrastructure.

Resource extension drilling in the copper-dominant zone at Ozion and Hougoumont Extended uncovered significant intervals, including 9.7m at 1.5% copper, 2.6% zinc, 1.0g/t gold, and 18g/t silver, as well as 12.5m at 1.5% copper, 0.7g/t gold, and 22g/t silver. In the zinc-dominant zone, the company intercepted 16.9m at 1.6% copper, 6.2% zinc, 0.8g/t gold, and 21g/t silver, and 21.6m at 0.3% copper, 17.6% zinc, 1.6g/t gold, and 49g/t silver. Drilling at the Europa deposit also returned high-grade copper, including 17m at 1.6% copper, 0.2g/t gold, and 13g/t silver.

The 2025 drill program at Golden Grove is ongoing, with approximately 9,000m of drilling remaining. The next update to 29Metals' Mineral Resources and Ore Reserves estimates is planned for the March Quarter of 2026.

Independent Expert Report on Proposed Merger

Southern Cross Media Group (SCA) has received an independent expert's report on the proposed merger with Seven West Media (SWM). The Independent Expert has concluded that the merger is in the best interests of SCA shareholders, in the absence of a superior proposal.

The combined entity will be one of Australia's largest media companies, with a diversified portfolio across TV, radio, print, and digital platforms. The merger is expected to generate $25-30 million in annualized cost synergies over an 18-24 month period, allowing the combined group to better withstand structural shifts in the advertising market.

SCA shareholders are encouraged to read the Independent Expert's Report in full to understand the rationale and financial terms of the proposed merger.

Alliance Aviation Services Ltd suspends trading

Alliance Aviation Services Ltd has requested a voluntary suspension of its securities on the Australian Securities Exchange (ASX). The company expects to announce that its FY26 earnings will be materially lower than analyst consensus estimates due to higher-than-anticipated repairs, maintenance costs, and depreciation charges.

The voluntary suspension will remain in place until Alliance releases the trading update to the market or until the commencement of trading on Friday, 7 November 2025.

Straker Ltd wins European Union contract

Straker Ltd, a global leader in AI-powered translation solutions, has secured a new contract with the Translation Centre for the Bodies of the European Union (CdT) to provide translation and associated services. The agreement has an estimated contract value of €0.525m (~NZ$1.06m) over the initial 12-month term, with the option to automatically renew up to 3 times for a total expected term of 48 months.

Straker's CEO, Grant Straker, commented that the European Union has been a valued customer since 2022, and this new agreement affirms the company's technological leadership and ability to meet the demanding linguistic and compliance needs of EU institutions.

DroneShield Achieves $200M Cash Receipts Milestone

DroneShield Limited (ASX:DRO) has announced that 44,455,000 Performance Options have vested due to the company achieving $200 million in cash receipts within a 12-month rolling period. The company is on track for another record year and will issue the next tranche of Performance Options with higher revenue/cash receipts hurdles of $300 million, $400 million, and $500 million.

This milestone aligns the DroneShield team and its investors, enabling the company to attract the best talent and incentivize performance while reducing the cash burden as it continues to rapidly grow.