-- Austral Resources Australia (ASX:AR1) said initial drilling at the Snow Queen prospect, part of the Cameron River project in Queensland, encountered a high-grade copper intersection, according to a Wednesday Australian bourse filing.
This included an intercept of 10 meters at 7.5% grade of copper from 35 meters, confirming the presence of high-grade mineralization, per the filing.
The company's shares rose past 9% in recent trading on Wednesday.
Equinor (EQNR.OL) said Wednesday that it will launch the second tranche of its share buyback worth up to $1.5 billion after its annual general meeting on May 12.The Norwegian energy company enlisted an undisclosed third party to repurchase up to $375 million, of which $123.8 million will be bought back in the market. The program will run until July 20.Repurchased shares will be canceled via a capital decrease at the annual general meeting in May 2027.
AML3D (ASX:AL3), together with Austal's (ASX:ASB) US arm, Austal USA, completed the delivery of its first portable Arcemy system to the US Navy's Additive Manufacturing Centre of Excellence in Danville, Virginia, according to a Wednesday Australian bourse filing.The system is built for quick deployment, enabling faster technology development and component production alongside existing large-scale Arcemy units, per the filing. Its portable design allows it to be reinstalled within just one to two days, which is significantly quicker than fixed systems.The completion triggers the final payment of around AU$1.2 million order from Austal USA, the filing added.AML3D's shares fell about 3% in recent Wednesday trade, while Austal's shares rose past 3%.
Equinor (EQNR.OL) said Wednesday its attributable net income in the first quarter increased, while revenue declined year over year.Net income attributable to equity holders for the three months ended March 31 was $3.11 billion, compared with $2.63 billion earlier. EPS moved to $1.24 from $0.96.The Norwegian energy company's total revenue and other income were $27.84 billion, compared with $29.92 billion a year ago.Meanwhile, the board declared a cash dividend of $0.39 per share for the quarter, payable Aug. 27. It paid $0.37 per share in the year-ago period.