Tip-off leads to 250kg cocaine seizure

The case for an RBA interest rate cut is weak, as inflation remains within target, and a rate cut would further distort economic allocation and penalize savers while rewarding inefficiency. Calls for easing are driven by flawed economic models and political convenience, risking further currency depreciation and undermining the RBA's commitment to price stability. Want More Context? 🔎

Horizon Minerals has acquired the Gordons gold project in Western Australia for $2.81 million, funded through cash and shares, enhancing its exploration capabilities near the Black Swan processing facility. This strategic move positions Horizon to capitalize on the region's gold potential, aiming for a five-year mine plan while leveraging nearby resources for efficient production. Want More Context? 🔎

Federal Resources Minister Madeleine King indicated that Australia might consider a significant investment in a rare earths company, inspired by the US Department of Defense's recent acquisition of a 15% stake in MP Materials to reduce reliance on China. She emphasized that any investment would depend on ensuring the taxpayer's money is repaid and mentioned the potential establishment of a price floor for rare earth elements to stabilize the market. Want More Context? 🔎

Western Australian scientists are collaborating on three research projects, funded with $2.17 million, to manage the invasive polyphagous shot-hole borer, which threatens local horticulture and biodiversity. The projects, led by the University of Western Australia, Murdoch University, and Curtin University, aim to develop control measures, understand the beetle's biology, and implement decision support tools for long-term management. Want More Context? 🔎

Boxwood Hill edged out reigning premiers Lake Grace-Pingrup by one point in a tight Ongerup Football Association match, moving to third on the ladder with a score of 11.15 (81) to 12.8 (80). Meanwhile, Gnowangerup dominated Newdegate 23.18 (156) to 6.1 (37), leading the ladder, with standout performances from Cody Harris and Murray Hayward. Want More Context? 🔎

England captain Ben Stokes, after a grueling Test series against India ending in a 2-2 draw, expressed confidence in his team's readiness for the upcoming Ashes in Australia. Despite injuries to key players like Stokes and Jofra Archer, he praised his team's performance and resilience throughout the series, emphasizing their dedication to Test cricket. Want More Context? 🔎