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Peel Mining Secures New South Wales Exploration License; Shares Up 7%

Peel Mining (ASX:PEX) secured exploration license EL9887, covering the newly identified Thunderstruck prospect in New South Wales, according to a Tuesday filing with the Australian bourse.The prospect was identified during a review of open-file geological data within the Cobar Basin, the filing said.The company is now aiming to fast-track drilling to test the target, subject to regulatory approval, per the filing.Shares rose 7% in morning trade on Tuesday.

ASX:PEX

Asia156d ago

Invictus Energy Secures Binding Commitments for AU$10 Million Placement; Shares Down 18%

Invictus Energy (ASX:IVZ) said it has secured binding commitments for a AU$10 million placement of about 166.7 million shares at an issue price of AU$0.06 each, according to a Tuesday filing with the Australian bourse.Settlement of the placement is expected on April 28, and the company plans to use the proceeds to finance further works at its 80%-owned Cabora Bassa oil and gas exploration project in northern Zimbabwe, per the filing.Shares of Invictus Energy were down 18% in recent Tuesday trade.

ASX:IVZ

Asia156d ago

Marmota Starts Drilling at South Australia Gold Deposit's Extension

Marmota (ASX:MEU) said a maiden drilling program started in the Mainwood zone, which is the South Australia-based Greenewood gold deposit's extension to the south, according to a Tuesday Australian bourse filing.Greenewood is part of the Golden Moon joint venture, in which Marmota has 90% ownership via its wholly-owned unit Half Moon.The company plans to drill a total of around 220 reverse circulation drill holes for around 20,000 meters.Marmota's shares were up nearly 2% in recent Tuesday trade.

ASX:MEU

Asia156d ago

Saturn Metals Sells West Wyalong Gold Project to Xpedra Resources for Cash, Shares

Saturn Metals (ASX:STN) said it has reached an agreement to sell its West Wyalong gold project joint venture interests and tenements in New South Wales to Xpedra Resources (ASX:XPD) for a combination of cash and shares, according to a Tuesday Australian bourse filing.The company said its 60% joint venture interest in EL8815 has been sold for AU$50,000 in cash and 27.5 million Xpedra shares, while its 100% interest in EL9168 has been sold for 2.5 million Xpedra shares, with all shares subject to escrow periods of three and six months.The transaction is consistent with Saturn's strategic focus on advancing its Apollo Hill gold project in Western Australia toward development, with a definitive feasibility study targeted for completion in the second half of the year, the filing added.The company's shares fell 2% in recent Tuesday trade.

ASX:STNASX:XPD

Asia156d ago

AIC Mines Unit Signs Asset Swap Deal With Cooper Metals; Shares Up 3%

AIC Mines' (ASX:A1M) Demetallica Gold Mines subsidiary signed an asset swap agreement with Cooper Metals (ASX:CPM) for the sale of the Pyramid project in exchange for the Oorindi project in Queensland, according to a Tuesday filing with the Australian bourse.Consideration involves the mutual transfer of all rights, title, and interests in the Pyramid and Oorindi projects, and the issue of 15 million shares in the capital of Cooper Metals to Demetallica Gold Mines, the filing said.The deal also includes a deferred consideration of AU$250,000, contingent upon reaching a JORC inferred resource of at least 250,000 ounces of gold at a grade greater than 1 gram per tonne within five years of completion, per the filing.AIC Mines shares rose more than 3% in morning trade on Tuesday, while Cooper Metals were up 20%.

ASX:A1MASX:CPM

Asia156d ago

Japanese Stocks Edge Up at Open on Hopes for US-Iran Talks Ahead of Ceasefire Deadline

Japanese shares gained on Tuesday's opening as indications that Iran might engage in discussions with the U.S. fueled slight optimism over progress in the Middle East, with a ceasefire deadline approaching.The Nikkei 225 rose by 206.6 points, or 0.4%, to begin trading at 59,031.51.U.S. President Donald Trump said he is unlikely to extend the truce with Iran unless an agreement is reached before its expiration on Wednesday evening, Washington time, according to various reports.Meanwhile, according to unnamed sources familiar with the matter, Iran is preparing to send a delegation to the upcoming round of talks, Bloomberg News reported on Tuesday.Market focus is now turning to whether the U.S. and Iran can resume negotiations in Pakistan to ease tensions and reopen the Strait of Hormuz, following an initial round in Islamabad that ended without a deal, the reports said.

Nikkei 225

Asia156d ago

Sunrise Energy Metals Reports AU$117 Million Cash, Notes Growing US Interest in Scandium Project; Shares Up 5%

Sunrise Energy Metals (ASX:SRL) said cash on hand stood at AU$117 million as of March 31, with material cash inflows during the quarter of about AU$71 million from capital raising and the exercise of unlisted options, according to a Tuesday Australian bourse filing.The company said recent engagement with US scandium users indicates growing interest in its Syerston Scandium Project as a strategic supplier of primary scandium, in response to tightening supply and a marked increase in imported scandium prices following China's export licensing restrictions on rare earth minerals, including scandium, in April and October 2025.Sunrise has also been included in the S&P/ASX All Ordinaries Index, the filing added.The company's shares rose past 5% in recent Tuesday trade.

ASX:SRL

Asia156d ago

Market Chatter: Japan Airlines, ANA to Raise Fuel Surcharge as Jet Fuel Costs Rise Amid Iran War

Japan's two largest airlines, Japan Airlines (TYO:9201) and ANA (TYO:9202), will implement fuel surcharge increases starting next month following a sharp rise in jet fuel costs triggered by the Iran war, Nikkei Asia reported on Tuesday.The carriers will adjust their pricing systems to raise the maximum surcharge, with new rates taking effect for international tickets purchased from May 1 onward, coinciding with Japan's Golden Week holiday period, the news agency said.Fuel surcharges, which are recalculated every two months based on kerosene prices, prompted the airline's decision after the average price from February to March reached $146.99 per barrel, the publication said.Japan Airlines will raise its surcharge for flights from Japan to Europe or North America by 93% to 56,000 yen, while flights to South Korea will more than double to 6,500 yen, the report said.Similarly, ANA will increase its cap on the surcharge, raising flights to North America and Europe from 31,900 yen to 56,000 yen and flights to South Korea from 3,300 yen to 6,700 yen, the report 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:9201TYO:9202

Asia156d ago

Mineral Resources Prices $1.3 Billion in Senior Unsecured Notes to Refinance Existing Debt

Mineral Resources (ASX:MIN) said it has priced $650 million in 6% senior unsecured notes due May 2032 and $650 million in 6.25% senior unsecured notes due May 2034, in an offering to qualified institutional buyers, according to a Tuesday Australian bourse filing.The company said the settlement is expected to occur in New York on April 29, with interest payable on May 1 and Nov. 1 each year, and the notes are guaranteed by its certain units.The company will use the proceeds, together with cash on hand, to refinance its existing $625 million 8% senior unsecured notes due November 2027, fully repay the outstanding balance of its iron ore prepayment, and redeem $350 million of its existing $1.1 billion 9.25% senior unsecured notes due October 2028.The transaction is expected to deliver finance cost savings of AU$48 million per year, decreasing the company's weighted average cost of debt to 7.4% from 8.4% and extending its weighted average tenor to five years from 3.1 years, the filing added.

ASX:MIN

Asia156d ago

HUB24 Total Funds Under Administration Jump 22% in Fiscal Q3; Shares Down 4%

HUB24 (ASX:HUB) said its total funds under administration clocked in at AU$151.74 billion as of March 31, up 22% from the AU$124.13 billion a year earlier, according to a Tuesday Australian bourse filing.Platform net inflows during the fiscal third quarter were AU$3.98 billion, rising 9% from the same period in the previous year, when excluding large migrations.Platform funds under administration clocked in at AU$127.83 billion, jumping 25% from AU$102.51 billion in the prior-year period.The company said 37 new licensee agreements were signed during the quarter, and the total number of advisers using the platform increased by 272 to 5,549.HUB24's shares plunged almost 4% in recent Tuesday trade.

ASX:HUB

Asia156d ago

Nojima Clarifies Hitachi Unit Acquisition Report, Says Deal Under Consideration

Nojima (TYO:7419) said while it is considering acquiring at least a majority stake in Hitachi Global Life Solutions, a unit of Hitachi (TYO:6501), no official decision has been announced yet.The consumer electronics company was responding to a Nihon Keizai Shimbun report claiming that the electronics retailer had decided to proceed with the acquisition for over 100 billion yen, according to a Tokyo bourse filing on Tuesday.Nojima further clarified that the report was not based on any company announcement.The matter is scheduled for discussion at a Board of Directors meeting later today, and Nojima has committed to making an official disclosure if any disclosable matters arise.

TYO:6501TYO:7419

Asia156d ago

Kairos Minerals to Change Name to 'Pilbara Gold' from Start of Trading on Wednesday

Kairos Minerals (ASX:KAI) said its name change to "Pilbara Gold" was completed by the Australian Securities and Investment Commission (ASIC) and would take effect on the ASX from the start of trading on Wednesday, according to a Tuesday Australian bourse filing.Its ASX code will migrate from "KAI" to "PGL."

ASX:KAI

Asia156d ago

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

Asia156d 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

Asia156d 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

Asia156d 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

Asia156d 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

Asia156d 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

Asia156d 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

Asia156d 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

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