The ASX Daily Thursday, 23 April 2026

Top StoriesQUB — Qube Holdings shareholders to vote on $5.20 per share takeover scheme after court approval and unanimous board recommendationQube Holdings has received Supreme Court of NSW approval to convene shareholder meetings to vote on a proposed scheme of arrangement under which a consortium comprising MAM, UniSuper and Pontegadea will acquire 100% of Qube shares at $5.20 cash per share. Independent expert Grant Samuel has concluded the scheme is fair and reasonable, valuing Qube on a controlling interest basis at $4.93 to $5.41 — placing the $5.20 offer squarely in the fairway. The Qube board unanimously recommends shareholders vote in favour. This is one of Australia’s largest logistics companies changing hands and the deal looks likely to get over the line.NXL — Federal Court dismisses ASIC’s continuous disclosure and misleading conduct case against Nuix and its former directorsThe Federal Court of Australia has dismissed all enforcement proceedings brought by ASIC against Nuix and its then-directors relating to alleged continuous disclosure breaches and misleading conduct in early 2021. This is a complete win for Nuix, removing a regulatory overhang that has weighed on the stock since its controversial IPO period. The market will be watching closely when shares resume trading. One important caveat: ASIC retains the right to appeal, so this may not be the final chapter — but today’s ruling is unambiguously positive for Nuix shareholders.OMA — Omega Oil & Gas raises A$60M at $0.84/share to fund upgraded Taroom Trough horizontal drilling programOmega Oil and Gas secured A$60 million through a heavily oversubscribed institutional placement — it initially targeted $50 million but demand blew well past that, a strong signal of institutional conviction. Proceeds will fund four vertical wells and one to two full-scale 2,000-metre horizontal wells with stimulation and six-month flow testing in Queensland’s Taroom Trough, with drilling commencing in June 2026. The Taroom Trough has also recently been designated a Queensland Government Prescribed Project to streamline approvals — this is shaping up as one of the most closely watched onshore oil and gas plays on the ASX right now.Mid-Tier MoversRML — Resolution Minerals raised $20 million at a 6.3% premium to its 20-day VWAP — unusual and a strong signal of institutional demand — cornerstoned by Tribeca Investment Partners and L1 Capital. Funds target the Horse Heaven antimony, tungsten and gold project in the US, which carries White House FAST-41 strategic status, with a NASDAQ listing imminent. Critical minerals with US government backing are attracting serious money right now.FRB — Firebird Metals scored a $2 million non-dilutive ARENA grant to build what it claims will be the world’s first manganese-to-cathode demonstration plant in Perth, converting ore directly into finished EV battery cathode materials. Non-dilutive government funding following independent technical due diligence is as good a validation signal as a small-cap can get — and it leaves Firebird’s IP entirely intact.NMG — New Murchison Gold drilled 3.2 metres at 48.9 g/t gold from 330 metres depth at Crown Prince — the deepest ore-grade hit ever recorded at the site and sitting outside the current resource envelope, 190 metres below the designed pit base. Additional RC holes returned 13 metres at 13.3 g/t and 8 metres at 12.3 g/t, building a compelling underground mining case. Management says an ore reserves update incorporating underground plans is coming shortly — that could be a meaningful re-rating catalyst.CMB — Cambium Bio received FDA confirmation that its dry eye disease treatment Elate Ocular only needs a single pivotal Phase 3 trial instead of two — a significant reduction in capital required and time to potential approval. The trial will enrol 400 patients with First Patient In targeted for later in 2026, with rolling BLA submission enabled by existing Fast Track Designation. Cutting the clinical pathway in half is a genuine derisking event for this small biotech.ASM — Australian Strategic Materials has cleared the FIRB hurdle for Energy Fuels’ proposed acquisition of up to 100% of ASM via dual schemes covering ordinary shares and quoted options. With FIRB now ticked off, the remaining conditions are shareholder approval and Federal Court sign-off. The Scheme Booklet is expected in May with implementation targeted for early July 2026 — a critical minerals deal with strong strategic logic given US appetite for non-Chinese rare earth supply.GHM — Golden Horse Minerals drilled 16 metres at 6.8 g/t gold in its first diamond hole north of the historic Hopes Hill pit — including 1 metre at 98.4 g/t — extending the footwall lode at least 830 metres beyond prior drilling into an area previously inaccessible due to tenement constraints. The company now believes Hopes Hill could be a significantly larger system across a 2.5 kilometre strike. High-grade visible gold in a first-ever hole into a previously untestable zone is exactly the kind of moment junior gold explorers live for.Rapid Fire* NXL — Nuix halted trading ahead of this morning’s Federal Court judgment in ASIC’s enforcement case — the outcome was a full dismissal in favour of Nuix, covered in the headline segment above.* AI1 — Adisyn raised $14 million backed by Regal Funds and Israel’s Meitav following graphene breakthroughs, including a worldwide licence from Tel Aviv University for radar absorption technology targeting the stealth drone market.* XRF — XRF Scientific is acquiring Bruker’s Combustion Gas Analysis business for up to USD $5 million. The target generated USD $5.3 million in 2025 revenue and diversifies XRF beyond mining into nuclear energy and steel production, with production transferring to Perth by Q3 2026.* ALD — Ampol has sweetened its remedy offer to the ACCC to 41 fuel site divestitures — up from 37 — to secure clearance for its EG Australia acquisition ahead of a 5 June ACCC determination deadline.* DRE — Dreadnought Resources received mining approval for its Star of Mangaroon open pit gold project in WA, a key step in its strategy to become self-funding through third-party processing partnerships with JV partner Black Cat.* MCP — McPherson’s has scrapped its FY26 EBITDA growth guidance due to weaker-than-expected sales and rising supplier surcharges — a warning sign for investors in the consumer goods space.* TOK — Tolu Minerals raised AUD $23.75 million via convertible notes with Petrosea and secured 600,000 litres of diesel to shore up fuel security at its Tolukuma Gold Mine in PNG, with drilling results from multiple vein programs expected in Q2.ASX Daily Digest · Not financial advice · Price-sensitive announcements only This is a public episode. 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