ASIC penalized HESTA and Prime Super for false sustainability claims, emphasizing accurate ESG reporting.

Resource Minerals International has begun high-resolution magnetic surveys at its gold and silver projects in Saudi Arabia to improve drill targeting, as part of its broader push to expand in the country’s growing mining sector. Altech Batteries reported its sodium-nickel chloride batteries outperform lithium-ion and lead-acid types in South Africa, showing lower failure rates and better performance in extreme conditions. ASIC fined super funds HESTA and Prime Super for misleading sustainability claims, stressing the need for accurate ESG messaging. James Hardie’s shares dropped sharply after its removal from the MSCI Australia Index and amid shareholder backlash over executive pay and a US acquisition. AuKing Mining paused its acquisition of Orion Resources due to a failed settlement deadline, while St George Mining completed payments for its Brazilian rare earths project, securing full ownership. Other firms, including Novo Resources and Riversgold, advanced exploration at gold and lithium projects, and Tungsten Mining confirmed strong economic potential for its Mt Mulgine tungsten project.