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Brookside Energy Secures Drill Rig for Development Drilling Program in Oklahoma Area of Interest

Brookside Energy (ASX:BRK) executed an IADC drilling contract with Kenai Drilling, securing Rig 18 for its upcoming development drilling program in the SWISH area of interest in the Anadarko Basin, Oklahoma, according to a Wednesday Australian bourse filing.The rig will be used to drill the next two-well development pad at the Suttles location, comprising the Sabres well and the Whalers well. Earthworks on the Suttles pad are nearing completion.Its shares rose 1% in recent trading on Wednesday.

ASX:BRK

Asia161d ago

Horizon Oil Says Minimum Acceptance Condition Met for Cue Energy Takeover Bid, Shares Down 4%

Horizon Oil (ASX:HZN) said the minimum acceptance condition for its off-market takeover bid for Cue Energy Resources has been fulfilled, according to a Wednesday Australian bourse filing.Horizon Oil fell 4% in recent Wednesday trade while Cue Energy Resources slipped past 3%.

ASX:CUEASX:HZN

Asia161d ago

SoftBank-Backed PayPay To Launch Overseas Payment Service in Taiwan

SoftBank-backed (TYO:9984) PayPay will roll out its overseas payment service in Taiwan from late April, marking its second expansion after South Korea, according to a Tuesday company statement.Users will be able to make payments at about 400,000 locations displaying the TWQR code, including convenience stores and restaurants.The service allows real-time conversion into yen and includes a new exchange rate calculator to improve transparency.PayPay Points will be awarded on purchases, with additional incentives such as a scratch lottery for overseas spending. The company plans promotional tie-ups with major Taiwan convenience store chains and airport transit cards.The app will automatically switch to overseas mode for verified users, while keeping data stored securely in Japan.

TYO:9984

Asia161d ago

Katitas Flags Minimal Earnings Impact from TOTO Supply Curbs

Katitas (TYO:8919) said it expects limited impact on its business performance from reports that TOTO (TYO:5332) has suspended orders for unit baths, according to a Wednesday filing on the Tokyo Stock Exchange.The company said it has not recently placed orders with TOTO, limiting any immediate effect on operations. Katitas said that even if other housing equipment makers impose similar restrictions, the impact would likely remain modest given its business model.It said most properties it acquires already have installed equipment, reducing reliance on new procurement. The company can also deliver homes with existing fittings or carry out installations after handover if needed.

TYO:5332TYO:8919

Asia161d ago

Ausgold's Investment Appeal Supported by Clear Near-Term Production Pathway, Euroz Hartleys Says

Ausgold's (ASX:AUC) investment appeal is supported by its status as a gold developer based in Western Australia with a defined near-term production pathway, Euroz Hartleys said in a Tuesday note.The company recently reported strong, high-grade results from its 54,000-meter drilling program at the Katanning gold project, with over 46,717 meters completed as of April.The results were up to 11 meters at 7.88 grams per tonne grade of gold from 99 meters, including two meters at more than 41 g/t grade of gold from 100 meters.Ongoing drilling is designed to boost resource growth, convert resources to reserves, and optimize mine plans to improve project economics, with a resource update anticipated in the third quarter of the year, the financial services firm said.The project is expected to deliver more than 140,000 ounces per year at an all-in sustaining cost of about AU$2,160 per ounce in its first four years, before averaging over 120,000 ounces per year at roughly AU$2,250 per ounce across the 10-year life-of-mine plan.Euroz Hartleys reaffirmed its speculative buy recommendation and AU$2.70 price target on Ausgold.Ausgold shares rose 7% in morning trade on Wednesday.

ASX:AUC

Asia161d ago

Market Chatter: Asahi Kasei Delays Canada Battery Plant on Weak EV Demand

Asahi Kasei (TYO:3407) will delay the start of its battery separator plant in Ontario, Canada, to 2029 or later after Honda Motor (TYO:7267) postponed its electric vehicle project, denting demand, Nikkei reported Wednesday.The plant, initially slated to begin operations in 2027, will instead be supported by exports from Japan to serve North America, according to the report.The company has sharply lowered its outlook for the region's EV market and scaled back related investments. It is turning to demand from energy storage and artificial intelligence data centres to support growth, the report said.U.S. energy storage installations are rising rapidly and are expected to expand further by the end of the decade. Asahi Kasei has also trimmed its medium-term sales target for its separator business, while maintaining margin goals, according to the report.(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:3407TYO:7267

Asia161d ago

Larvotto Resources Says First Production at New South Wales Antimony-Gold Project on Track to Begin in Mid-2026, Shares Jump 7%

Larvotto Resources (ASX:LRV) said the development of the Hillgrove antimony-gold project in New South Wales is progressing, with first production remaining on track to start in the middle of the year, according to a Wednesday Australian bourse filing.Modification 5, which will allow Hillgrove to process at a rate of 525,000 tonnes per year, is progressing on track with strong engagement between all parties involved.The processing plant refurbishment and underground development activities continue to progress in line with the development plan. The commissioning of the plant is set to commence in August.Its shares rose 7% in recent trading on Wednesday.

ASX:LRV

Asia161d ago

Japanese Stocks Rise on US-Iran Talks Optimism Despite Manufacturer Confidence Plunging to Three-Year Low

Japanese shares rose at the start of trading on Wednesday, mirroring overnight gains on Wall Street, as renewed optimism over further US-Iran dialogue helped ease crude prices and lift market mood.The Nikkei 225 gained 387.8 points or 0.7% to open at 58,265.18.With tensions in the Strait of Hormuz worsening the global energy crunch ahead of a ceasefire expiration next week, Washington and Tehran are preparing for another round of talks in the coming days.On Tuesday, the IMF forecast that the Bank of Japan would raise interest rates gradually but at a somewhat steeper pace than previously anticipated six months ago.The IMF's World Economic Outlook projects that Japan's growth will slow from 1.2% in 2025 to 0.7% in 2026 and further to 0.6% in 2027, a forecast largely unchanged from its October estimates.The Reuters Tankan poll for April showed Japanese manufacturers' confidence plunging by 11 points to plus 7, the largest monthly drop since January 2023.The reading also translated into the first decline in three months, driven by surging oil prices and supply chain disruptions from the Middle East conflict.

Nikkei 225

Asia161d ago

Chorus Says Q3 Fibre Connections Rise to 1.1 Million

Chorus (ASX:CNU) said fibre connections grew by 13,000 in the fiscal third quarter to 1.1 million, up from a gain of 7,000 in the fiscal second quarter, according to a Wednesday Australia and New Zealand bourse filing.The company said total fixed line connections rose by 3,000 from fiscal Q2 to 1.2 million, as fibre connections exceeded copper disconnections, reversing a decline of 8,000 in the fiscal first quarter.Average monthly fibre data usage came in at 696 gigabytes in March, compared with 699 gigabytes in December 2025, the company said.Chorus said its fibre footprint now covers 1.5 million addresses, with fibre uptake across those premises at 73.1%, up 0.7 percentage points in the fiscal third quarter.The company's Kiwi shares rose 2% in recent Wednesday trade.

ASX:CNUNZE:CNU

Asia161d ago

Qoria Says Closing of Proposed Merger With Aura Now Expected In July

Qoria (ASX:QOR) said disclosure documents for the proposed merger with Aura Consolidated Group are now expected to be released in May, and the Qoria scheme shareholder meeting and closing are expected in July, according to a Wednesday Australian bourse filing.Due to the change in the closing date, the firms agreed to establish a AU$10 million unsecured working capital facility for Qoria from Aura, to cover accumulating transaction costs and further strengthen the balance sheet.The facility carries an interest rate of 15% per annum.

ASX:QOR

Asia161d ago

Duratec Says JV Secures AU$281 Million Contract for HMAS Stirling Infrastructure Upgrade; Shares Up 6%

Duratec (ASX:DUR) said its 50:50 joint venture (JV) with Ertech has secured a AU$281 million contract to deliver key infrastructure upgrades at HMAS Stirling on Diamantina Wharf at Garden Island, Western Australia, according to a Wednesday filing with the Australian bourse.The company said that early site works valued at AU$9.2 million started in January, alongside around AU$5 million in long-lead procurement, as the design reached near completion and received final approval, per the filing.The main works contract, with a duration of around 24 months, concludes the early contractor involvement phase and moves the Duratec-Ertech JV into full delivery, bringing the total contract value to just under AU$300 million, the filing added.The company's shares rose past 6% in recent Wednesday trade.

ASX:DUR

Asia161d ago

Strickland Metals Reports Maiden Indicated Resource of 1.25 Million Ounces of Gold-Equivalent at Serbia Deposit

Strickland Metals (ASX:STK) said the updated mineral resource estimate for the Shanac deposit, part of its Rogozna gold-base metals project in Serbia, included a maiden indicated resource of 30 million tonnes at 1.3 grams per tonnes grade of gold-equivalent, comprised of 0.83 g/t grade of gold, 0.13% grade of copper, 0.36% grade of zinc, 0.29% grade of lead, and 7.20 g/t grade of silver, equating to 1.25 million ounces of gold-equivalent, according to a Wednesday Australian bourse filing.The total mineral resource update amounted to 160 million tonnes at a 1.04 g/t grade of gold-equivalent, comprised of 0.6 g/t grade of gold, 0.11% grade of copper, 0.34% grade of zinc, 0.23% grade of lead, and 6.31 g/t grade of silver, equating to 5.35 million ounces of gold-equivalent.The Shanac mineralization remains open along strike to the north-west of the current resource footprint and at depth. Drilling is scheduled to recommence at the project in the coming weeks.

ASX:STK

Asia161d ago

Nufarm Sees Fiscal H1 Underlying EBITDA of Up to AU$244 Million; Shares Surge 16%

Nufarm (ASX:NUF) said its fiscal first-half underlying earnings before interest, tax, depreciation, and amortization (EBITDA) is expected to be between AU$239 million and AU$244 million, up about 17% on the prior corresponding period at the midpoint, according to a Wednesday Australian bourse filing.The company said net debt as of March 31 stood at about AU$1.23 billion, down AU$130 million on the prior corresponding period, with net debt to underlying EBITDA for the last 12 months of about 3.6 times, a 20% reduction on the prior corresponding period.Nufarm said a strategy refresh is targeting an additional AU$50 million in cost savings, with cash implementation costs of about AU$15 million weighted toward fiscal 2027 and full run-rate savings expected by the end of that year.The company said positive trading momentum has continued across all regions in April, with supply chains operating largely normally as it manages higher costs of active ingredients, freight and energy arising from the Middle East conflict through inventory management and pricing actions.Nufarm's shares surged 16% in recent Wednesday trade.

ASX:NUF

Asia161d ago

Boss Energy Lowers Fiscal-Year Production Guidance at South Australia Operations

Boss Energy (ASX:BOE) lowered its fiscal-year production guidance at its Honeymoon operation in South Australia to between 1.4 million pounds and 1.45 million pounds of triuranium octoxide drummed from the previous guidance of 1.6 million pounds following rainfall in March, according to a Wednesday filing with the Australian bourse.Despite the downgrade, the company confirmed that it remains on track to deliver fiscal-year C1 cost guidance of AU$36 to AU$40 per pound and an all-in sustaining cost of AU$60 to AU$64 per pound, the filing said.

ASX:BOE

Asia161d ago

TerraCom Appoints Andrew Coles as Non-Executive Chairman

TerraCom (ASX:TER) has appointed Andrew Coles as non-executive chairman of the company, effective immediately, according to a Wednesday Australian bourse filing.Coles was recently appointed as a non-executive director of TerraCom and will continue in that capacity alongside his new role as chairman, the filing added.The company said the board is reviewing its overall composition following recent director changes.

ASX:TER

Asia161d ago

ASX Preview: Australian Shares to Rise on US-Iran Talk Hopes; Virgin Australia Says Fiscal 2026 Guidance Unchanged, Fiscal H2 EBIT Expected to Rise

Australian shares are poised to rise on Wednesday as easing oil prices and renewed hopes of US-Iran talks offset concerns over Middle East tensions, even as risks persist following reports of a blockade of Iranian ports and ongoing disruption in the Strait of Hormuz.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1.2%, 2%, and 0.7%, respectively.In the macroeconomy, investors are eyeing the release of Australia's labor force report on Thursday.In corporate news, Virgin Australia Holdings (ASX:VGN) said that its fiscal 2026 financial guidance remains unchanged, with the underlying earnings before interest and taxes (EBIT) and underlying EBIT margin in the second half expected to be higher than the prior-year period.Evolution Mining (ASX:EVN) reported group production of 170,137 ounces of gold for the quarter ended March, compared with 179,778 ounces a year earlier.Australia's benchmark index rose 0.5% or 44.8 points to close at 8,970.80 on Tuesday.

ASX 200ASX:EVNASX:VGN

Asia161d ago

Orthocell Wins Approval for Nerve Repair Device Across US Military, VA Hospital Networks

Orthocell (ASX:OCC) said it has secured approval for its Remplir nerve repair device to be used across the US Department of Defense and Veterans Affairs hospital networks, according to a Wednesday Australian bourse filing.The company said it will use its existing US distributor network to target military and VA surgeons operating within these hospital systems, which currently covers 17 states.The approval comes as Orthocell said it is seeing growing evidence of increasing commercialization and revenue momentum in the US market.

ASX:OCC

Asia161d ago

Virgin Australia Says Fiscal 2026 Guidance Unchanged, Fiscal H2 EBIT Expected to Rise

Virgin Australia Holdings (ASX:VGN) said that its fiscal 2026 financial guidance remains unchanged, with the underlying earnings before interest and taxes (EBIT) and underlying EBIT margin in the second half expected to be higher than the prior-year period, according to a Wednesday Australian bourse filing.The airline is hedged 92% for Brent crude oil and 71% for refining margins for the remainder of the second half of fiscal 2026, and the exposure to the unhedged portion of both Brent crude oil and refining margins in fiscal 2026 is expected to result in an increase of fuel costs for the half of around AU$30 million to AU$40 million.It adjusted airfares and capacity in the second half to offset the impact from increased fuel and other operating costs such as airport charges. The airline's fuel suppliers continued to provide assurances regarding the near-term supply of aviation fuel to support its operations well into May.Revenue-per-available-seat-kilometer growth is now expected to be around 5% in the second half, and 6% in the fourth quarter of fiscal 2026, compared with previous second half guidance of 3% to 4%. Total domestic capacity is now expected to increase 1% in the second half and fall 1% in the fourth quarter.Virgin's services to Doha in Qatar, operated via the wet lease arrangement with its partner Qatar Airways, are cancelled until mid-June. Its fiscal 2027 settings, including capacity, are under review.

ASX:VGN

Asia161d ago

Santana Minerals Says Drilling at New Zealand Deposits Provides Support for Gold Camp Model

Santana Minerals (ASX:SMI, NZE:SMI) said step-out drilling, targeting the northerly down-plunge extensions of mineralization at the Rise and Shine and Come-in-Time deposits in New Zealand, supports the model of the deposits being part of a broader gold camp, according to separate filings with the Australian and New Zealand bourses.It encountered intercepts of 12 meters at 1.5 grams per tonne grade of gold from 815 meters at Rise and Shine and 13.9 meters at 1.1 g/t grade of gold from 181.1 meters from Come-in-Time.Its shares fell 1% in early trading on the New Zealand bourse on Wednesday.

ASX:SMINZE:SMI

Asia161d ago

Latitude Group's Credit Card Entity Enters Enforceable Undertaking With ACMA, Pays Nearly AU$4 Million Fine for Spam Act Breaches

Latitude Group Holdings (ASX:LFS) acknowledged the Australian Communication and Media Authority's (ACMA) findings, saying that its credit card entity entered into an enforceable undertaking with the regulator and paid a nearly AU$4 million fine for breaching the Spam Act, according to a Wednesday Australian bourse filing.ACMA found that between March 2024 and April 2025, Latitude sent more than 2.3 million marketing messages without accurate contact information, and 344,416 messages also lacked a working unsubscribe function, per a separate statement from the regulator on Wednesday.The latest breaches were identified through the company's mandatory compliance reporting under a court‑enforceable undertaking that it entered into following a previous investigation, ACMA added.Latitude boosted its spam compliance processes after becoming aware of the potentially noncompliant text messages. It will engage an independent expert to confirm that its strengthened processes are working in compliance with regulations.

ASX:LFS

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