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Challenger Reports Lower Fiscal Q3 Assets Under Management, Tightens Fiscal 2026 Normalized EPS Outlook; Shares Tumble 5%

Challenger (ASX:CGF) reported fiscal third-quarter assets under management of AU$116.28 billion, down from AU$125.63 billion a year earlier, according to a Tuesday filing with the Australian bourse.The company said it has tightened its fiscal 2026 normalized basic earnings per share guidance range to between AU$0.66 and AU$0.70.Challenger previously guided for normalized basic EPS of AU$0.66 to AU$0.72 when it reported fiscal first-half results in February.The company's shares tumbled 5% in recent Tuesday trade.

ASX:CGF

Asia112d ago

Atlas Arteria Posts 0.1% Increase in Proportionate Toll Revenue for March Quarter

Atlas Arteria (ASX:ALX) reported a 0.1% increase in proportionate toll revenue for the three months ended March 31, compared with the same period last year, following mixed traffic performance, according to a Tuesday filing with the Australian bourse.Heavy vehicle traffic growth in France partially offset weaker light vehicle traffic, while the Chicago Skyway experienced the reverse trend, the filing said.Meanwhile, the Dulles Greenway and the A79 continued their "strong" performance, per the filing.

ASX:ALX

Asia112d ago

Macmahon Unit Selected as Preferred Mining Contractor for Northern Territory Gold Deposit

The Central Tanami Project Joint Venture, in which both MGX Resources (ASX:MGX) and Tanami Gold (ASX:TAM) hold a 50% interest, selected a unit of Macmahon Holdings (ASX:MAH) as the preferred mining contractor for the construction of the exploration decline at the Groundrush gold deposit in the Northern Territory, according to separate filings with the Australian bourse on Tuesday.Macmahon Underground will conduct around 3,500 meters of exploration decline development and portal and vent establishment, with the work valued at around AU$38 million. The work is expected to start in the September quarter and extend for a 14-month period.The appointment of Macmahon remains subject to finalization and execution of a binding agreement.

ASX:MAHASX:MGXASX:TAM

Asia112d ago

L1 Global Long Short Fund Reports 7% Loss in March Quarter, Up 53.9% Since Inception

L1 Global Long Short Fund (ASX:GLS) said it returned negative 7% in the March quarter, compared to a negative 3.6% return for the MSCI World index, according to a Tuesday Australian bourse filing.The fund said since its inception in January 2025, the Global Long Short Fund Strategy has returned 53.9% per year, compared to 13.2% per year for the MSCI World index, the filing added.Strong returns at the start of the quarter were more than offset by a sharp fall in global equity markets in March, as the war in Iran triggered what the fund described as the worst oil supply shock in history, the filing added.The fund increased exposure to copper, gold, construction materials, and banking during March, while reducing exposure to energy, infrastructure, and unprofitable technology and artificial intelligence stocks on the short side.

ASX:GLS

Asia112d ago

MA Financial Group Says Assets Under Management Up 44% in Q1

MA Financial Group (ASX:MAF) said first-quarter assets under management (AUM) rose 44% year on year to AU$14.8 billion, according to a Tuesday Australian bourse filing.The total AUM was down 3% over the quarter ended March 31, largely due to the previously flagged sale process of Marion shopping center, which the company expects to have an immaterial impact on 2026 revenue.The company said gross total flows, including institutional, were AU$490 million, down from AU$779 million in the same quarter last year.Finsure managed loans were up 27% to AU$179 billion over the year to Feb. 28, with record gross monthly loan applications of AU$11 billion in March, the filing added.

ASX:MAF

Asia112d ago

Market Chatter: Mitsubishi Begins Operations at Vietnam Coal Plant

Mitsubishi (TYO:8058) has commenced full operations at a new coal-fired power plant in Vietnam, which will source coal from neighbouring countries such as Indonesia and Australia, Nikkei Asia reported Tuesday, citing officials.This initiative helps Vietnam reduce its reliance on energy imports from the Middle East while ensuring a stable electricity supply amid rapid economic expansion, the publication said.At the opening ceremony for the Vung Ang II plant on Saturday, Vietnamese Deputy Minister Nguyen Hoang Long said the project's importance for national energy security and economic growth, the news daily said.Mitsubishi's Tetsu Funayama highlighted the value of Asia's self-contained energy security, the report said.Under 25-year agreements, the Vung Ang II facility will obtain between 3.6 million and 4 million metric tonnes of coal each year from Indonesia and Australia to support its operations, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:8058

Asia112d ago

ASX Preview: Australian Shares to Rise as Oil Surges on Middle East Tensions; Rio Tinto Group Reports Higher Q1 Copper Equivalent, Iron Ore Production

Australian shares are poised to rise on Tuesday, tracking higher global oil prices after Brent crude surged more than 5% on renewed Middle East tensions and escalating uncertainty around the Strait of Hormuz amid stalled US-Iran ceasefire talks.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.2%, 0.3%, and 0.01%, respectively.In the macroeconomy, the ANZ-Roy Morgan Australian consumer confidence fell 0.2 points to 64.3 in the week of April 13 to 19, ANZ reported Tuesday.In corporate news, Rio Tinto Group (ASX:RIO) on Tuesday reported a 9% year-over-year increase in copper equivalent production in the first quarter, while global iron ore production jumped 12% to 82.8 million tonnes.Lynas Rare Earths (ASX:LYC) said its fiscal third-quarter gross sales revenue increased to AU$265 million from AU$123 million a year earlier, while sales receipts advanced to AU$234 million from AU$124.6 million.Australia's benchmark index rose 0.1% or 6.4 points to close at 8,953.30 on Monday.

ASX 200ASX:LYCASX:RIO

Asia112d ago

Emerald Resources Progresses Western Australia, Cambodia Projects Over March Quarter

Emerald Resources (ASX:EMR) said it intersected gold mineralization at its Dingo Range Gold Project in Western Australia, as well as at its Memot Gold Project, Okvau Gold Mine, and exploration tenure in Cambodia during the quarter ended March 31, according to a Tuesday Australian bourse filing.The results were up to 45 meters at 4.1 grams per tonne gold from 619 meters at the Dingo Range Gold Project, including 18.5 meters at 5.2 grams per tonne gold from 641 meters.The company said that exploration since the January mineral resource estimate has targeted both open pit extensions and underground potential at the Dingo Range Gold Project.Drilling results from the Memot Gold Project were up to 2 meters at 50.3 grams per tonne gold from 40 meters and 14 meters at 3.4 grams per tonne gold from one meter, the filing added.Intersections from the Okvau Gold Mine were of up to 3 meters at 59 grams per tonne gold from 347 meters and 22 meters at 1.9 grams per tonne gold from 448 meters.

ASX:EMR

Asia112d ago

Australian Clinical Labs Denies Claims Made in Class Action Filed in Victorian Supreme Court

Australian Clinical Labs (ASX:ACL) denied the claims made in the representative proceeding filed in the Victorian Supreme Court by a Michelle Raab-Ivanov and plans to "vigorously" defend it, according to a Tuesday filing with the Australian bourse.The proceeding was expressed to be on behalf of persons who were customers of the company and/or its Medlab Pathology subsidiary before July 15, 2022, and whose personal information was affected by a cyberattack on Medlab Pathology in February 2022, the filing said.The statement of claim purports to seek damages for affected individuals based on alleged breaches of the Australian Consumer Law, per the filing.

ASX:ACL

Asia112d ago

Challenger to Redeem All Outstanding Challenger Capital Notes 3

Challenger (ASX:CGF) will redeem all of its outstanding Challenger capital notes 3 on May 25 at their face value of AU$100 each in cash, according to a Tuesday filing with the Australian bourse.The redemption has been approved by the Australian Prudential Regulation Authority.A final distribution of AU$1.47 per note is expected to be paid on May 25 to all registered holders as of May 15, the company said.

ASX:CGF

Asia112d ago

Rox Resources Identifies High-Grade Gold Mineralization at Western Australia Project

Rox Resources (ASX:RXL) said it identified high-grade gold mineralization during a recent drilling at its Youanmi Gold Project in Western Australia, according to a Tuesday Australian bourse filing.The results were up to 5 meters at 14.2 grams per tonne gold from 120 meters and 15 meters at 3.6 grams per tonne gold from 173 meters.The company said infill drilling at the United North deposit has identified additional high-grade ounces outside of the definitive feasibility study mine plan, with underground mining at the deposit progressing to plan with over 1,200 meters completed to date.Next steps include detailed mine planning and scheduling, and a review and award of contracts for further long lead items, the filing added.

ASX:RXL

Asia112d ago

Lynas Rare Earths Reports Higher Fiscal Q3 Gross Sales, Rare Earth Oxide Production

Lynas Rare Earths (ASX:LYC) said its fiscal third-quarter gross sales revenue increased to AU$265 million from AU$123 million a year earlier, while sales receipts advanced to AU$234 million from AU$124.6 million, according to a Tuesday filing with the Australian bourse.The company also reported quarterly rare earth oxide production of 3,233 tonnes, up from 1,911 tonnes in the prior-year period, as it achieved first-time samarium oxide production ahead of target in March, per the filing.The average selling price across all rare earth products during the fiscal third quarter was AU$84.60 per kilogram, in line with the prior quarter.Lynas Rare Earths said its cash payments for capital expenditure, exploration and development totaled AU$32.6 million in the fiscal third quarter, compared with AU$71.3 million a year earlier.

ASX:LYC

Asia112d ago

Ora Banda Mining Confirms Mining Potential of Western Australia Project

Ora Banda Mining (ASX:OBM) confirmed the mining potential of the Golden Pole lode within its Waihi project in Western Australia, according to a Tuesday filing with the Australian bourse.Targeted infill and extensional drilling returned results, including 3 meters at 44 grams per tonne (g/t), including 2 meters at nearly 65 g/t grade of gold, 11 meters at 11 g/t including 2 meters at 48 g/t grade of gold, and 7 meters at almost 17 g/t including 3.5 meters at 31 g/t grade of gold, the filing said.Results will be incorporated into the revised underground mineral resource and ore reserve estimates, expected to be released in the June quarter, per the filing.

ASX:OBM

Asia112d ago

Rio Tinto Group Reports Higher Q1 Copper Equivalent Production, Iron Ore Production

Rio Tinto Group (ASX:RIO) on Tuesday reported a 9% year-over-year increase in copper equivalent production in the first quarter, while global iron ore production jumped 12% to 82.8 million tonnes.The company said first-quarter iron ore production at its Pilbara operations rose 13% year over year to 78.8 million tonnes, and Pilbara iron ore sales ticked 2% higher to 72.4 million tonnes.Tropical cyclones impacted Pilbara shipments by about 8 million tonnes, with around half expected to be recovered, Rio Tinto said.The company maintained its 2026 Pilbara iron ore sales guidance at 323 million to 338 million tonnes. It also reaffirmed consolidated copper production guidance of 800,000 to 870,000 tonnes and the total iron sales outlook of 343 million to 366 million tonnes.

ASX:RIO

Asia112d ago

Insurance Australia Group's IAG New Zealand Says Storm-Related Claims Surge 256%

Insurance Australia Group's (ASX:IAG) IAG New Zealand division said Tuesday it received 33,174 weather-related claims between autumn 2025 and summer 2026 as a result of 46 storms during the period.That represents a 256% increase in storm-related claims compared with the year-ago period, when the company recorded 9,324 claims from 29 storms in New Zealand, and translates into roughly one storm every eight days."Simply put, our data indicates that storms are arriving more often and with greater intensity," said Phil Gibson, CEO of IAG New Zealand's AMI, State and NZI insurance brands. He noted that a storm typically affected parts of the country once every 19 days over a 15-year timeline.The October 2025 windstorm in Southland generated 5,289 claims, the February 2026 storm in Wellington resulted in 3,354 claims, and the April 2025 ex‑tropical cyclone Tam in Auckland generated 3,281 claims, ranking as the the top three storms by claims volume over the past 12 months.

ASX:IAG

Asia112d ago

Magnetic Resources Advances Western Australia Project With Updated Mining Proposal

Magnetic Resources (ASX:MAU) lodged an updated mining proposal and mine closure plan for its wholly owned Lady Julie Gold Project in Western Australia's Eastern Goldfields with the Department of Mines, Petroleum and Exploration, following recent optimization work, according to a Tuesday Australian bourse filing.The revision consolidates tailings storage at Lady Julie North 4 within the waste rock dump and incorporates improved geotechnical and hydrogeological studies for pit stability and water management, along with additional technical assessments addressing flood mitigation, waste rock classification, and environmental impacts, per the filing.The company is continuing to respond to regulatory information requests following recent mining lease approvals and, with board support for the Genesis Scheme and no superior offer available, is recommending that shareholders vote in favor of the scheme, the filing added.

ASX:MAU

Asia112d ago

Many Peaks Minerals' Ivory Coast Gold Project Holds Upside After Strong Mineral Estimate, Euroz Hartleys Says

Many Peaks Minerals' (ASX:MPK) Ivory Coast-based Ferke gold project has all the elements for a highly economic development project, Euroz Hartleys said in a note on Monday, after the company posted an upbeat mineral resource estimate from the project.The company announced a maiden mineral resource estimate of 1.3 million ounces of gold at 1.5 grams per tonne for its Ouarigue prospect area in the project, compared with Euroz Hartleys' forecast of 1 million ounces of gold at 1.2 grams per tonne.The investment firm said there is room for upside after the company stated the deposit remains open at depth, hinting potential for further growth, and highlighted additional exploration upside across a 37-kilometer gold trend at the site.Reverse circulation drilling at the Ferke South permit is also expected to begin after the grant of permit, a key prospective area "missed by the market," the firm added.Euroz Hartleys maintained a speculative buy rating and raised the price target to AU$1.90 from AU$1.38.

ASX:MPK

Asia112d ago

KMD Brands Secures NZ$11 Million in Retail Entitlement Offer Completion

KMD Brands (ASX:KMD, NZE:KMD) has completed the retail component of its fully underwritten 1-for-0.73 accelerated renounceable entitlement offer, with eligible shareholders subscribing for around 182.6 million new shares at NZ$0.06 each, raising about NZ$11 million as part of a total NZ$58.5 million capital raising, according to a Tuesday filing with the Australian and New Zealand bourses.The participation rate was around 52% of entitlements under the retail entitlement offer, with fully participating shareholders also applying for about NZ$4.5 million in additional shares via the retail shortfall facility, per the filing.The remaining around 169.3 million shares, consisting of unsubscribed entitlements from both eligible and ineligible retail shareholders, will be offered for sale through a retail shortfall bookbuild on Tuesday, while the company shares are in trading halt, the filing said.Trading is expected to resume on Wednesday, with any premium above the offer price after deducting withholding tax distributed to eligible shareholders by May 5, the filing added.

ASX:KMDNZE:KMD

Asia112d ago

Victory Giant Technology Nets HK$19.9 Billion in Hong Kong IPO Ahead of Debut

Victory Giant Technology (HKG:2476, SHE:300476) raised HK$19.89 billion in net proceeds from its initial public offering in Hong Kong.The final offer price was set at HK$209.88 per H-share, according to a Monday after-market filing with the Hong Kong Stock Exchange.The China-based printed circuit board manufacturer offered 95.9 million H-shares in the global offering.The Hong Kong public offer was 431.15 times subscribed, with a final allocation of 8.3 million shares, representing about 8.2% of the total offering.The international offering was 18.5 times subscribed, with a final allocation of 87.5 million shares, or about 91.3% of the total offering.An over-allocation of 14.4 million shares was made under the global offering.Cornerstone investors, including CPE Rosewood Investment, Janchor Partners Pan-Asian Master Fund, Yunfeng Capital, Morgan Stanley, and HHLR Advisors, were allotted a combined 37.2 million shares, according to the filing.Victory Giant Technology is scheduled to debut on the Hong Kong bourse on Tuesday, April 21.

HKG:2476SHE:300476

Asia112d ago

Rua Gold Seeks Fast-Track Approval to Advance New Zealand Project

Rua Gold (NZE:RGI) applied under New Zealand's Fast-Track Approvals Act to accelerate permitting for its Auld Creek Project in the Reefton Goldfield, aiming to move more quickly from exploration to development, according to a Tuesday New Zealand bourse filing.If approved, the streamlined process could help the company obtain key consents faster, potentially speeding up development of an underground mine expected to operate for eight years, create around 200 jobs, and contribute about NZ$240 million to the regional economy, per the filing.The project has backing from local communities and stakeholders, with additional economic studies in progress, the filing said. The decision on the fast-track application is anticipated within the next three months.

NZE:RGI

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