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5E Advanced Metals Completes Preliminary Economic Assessment for Lithium Carbonate Recovery

5E Advanced Metals (ASX:5EA) completed a preliminary economic assessment of lithium carbonate recovery opportunities associated with the lithium-rich brine stream generated from its planned Fort Cady critical mineral facility in California, according to a Thursday filing with the Australian bourse.The assessment highlighted the production of roughly 523 short tons per year of lithium carbonate via direct concentration method, which it identified as the optimal lithium recovery process based on economics, operational fit, and execution risk, the filing said.The company will advance engineering studies and optimization work in the next phase of development planning for the facility, per the filing.

ASX:5EA

Asia49d ago

Magmatic Resources Starts Third-Phase Drilling at Western Australia Project

Magmatic Resources (ASX:MAG) started its third-phase drilling at the Weebo project in Western Australia, according to a Thursday filing with the Australian bourse.Air-core drilling will test the extension of gold anomalies and down-dip of mineralization defined in the first two phases of drilling while reverse circulation drilling will advance bedrock targets, the filing said.

ASX:MAG

Asia49d ago

My Food Bag Group Posts Flat Earnings, Higher Revenue for Fiscal Year 2026; Shares Gain 7%

My Food Bag Group (NZE:MFB) reported on Thursday fiscal year 2026 earnings of NZ$0.03 per share, unchanged from fiscal year 2025.Analysts polled by FactSet expected earnings of NZ$0.03 per share.Revenue for the year to March 31 was NZ$170.2 million from NZ$162 million in fiscal year 2025.Analysts surveyed by FactSet expected NZ$170 million.My Food Bag Group's board declared a final dividend of NZ$0.0115 per share, up from NZ$0.0085 a year ago, payable on June 18 with a record date of June 4.The company said it saw revenue growth of 5.1% in the first seven weeks of fiscal year 2027 as demand trends continued to track positively.Its shares gained 7% in recent Thursday trade.

NZE:MFB

Asia49d ago

Arafura Rare Earths Makes Final Investment Decision for Australia Rare Earth Project

Arafura Rare Earths (ASX:ARU) said its board has made a final investment decision (FID) for the development of the Nolans Rare Earths Project in the Northern Territory, Australia, according to a Thursday Australian bourse filing.The company said Export Finance Australia has issued a non-binding letter of support regarding potential support under the Critical Minerals Strategic Reserve for up to 500 tonnes per year of neodymium-praseodymium (NdPr) oxide from the project.Hatch has been engaged as an engineering, procurement, and construction management (EPCM) contractor, with the company now targeting commencement of construction from September, the filing added.

ASX:ARU

Asia49d ago

ASX Preview: Australian Shares Set to Rise as US-Iran Talks Near Final Stage; Australian Agricultural Company Swings to Fiscal Year 2026 Profit as Revenue Rises

Australian shares are poised to rise on Thursday as oil prices fell about 6% after reports that US-Iran negotiations were in their final stages, easing some geopolitical risk sentiment, though investors remain cautious amid ongoing concerns over Middle East supply disruptions and the possibility of further volatility in global energy markets.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1.1%, 1.5%, and 1.3%, respectively.In the macroeconomy, Australia's private sector slipped back into contraction in May as output, demand, and business sentiment weakened amid persistent inflation pressures and geopolitical disruption, according to a survey by S&P Global released Thursday.Australia's labor force report is due at 11:30 am Sydney time.In corporate news, Australian Agricultural Company (ASX:AAC) reported Thursday that it swung to a profit of AU$0.1789 per share on revenue of AU$422.1 million, compared with a loss of AU$0.0018 on revenue of AU$387.9 million a year earlier.Zip (ASX:ZIP) will continue to operate using the Zip brand in Australia after a settlement with mortgage lender Firstmac.Australia's benchmark index fell 1.3% or 108.1 points to close at 8,496.60 on Wednesday.

ASX 200ASX:AACASX:ZIP

Asia49d ago

IperionX Commissions Six-Axis Powder Metallurgy Press At Virginia Titanium Manufacturing Campus

IperionX (ASX:IPX) completed the site acceptance and commissioning of its 300-ton six-axis SACMI powder metallurgy press at its Titanium manufacturing campus in Virginia, U.S., according to a Thursday Australian bourse filing.The facility provides higher compaction force, multi-axis movement, improved repeatability, and enhanced geometry control in comparison with conventional uniaxial pressing systems. It uses titanium powder produced from IperionX's U.S.-sourced feedstocks through its patented HAMR titanium process.The press also expands the types of products the firm can produce, including titanium fasteners, gears, brackets, actuators, and other complex components.The SACMI press will be integrated with additional HSPT sintering and forging furnace capacity purchased under the US government-supported IBAS expansion program, with the installation and commissioning of the furnaces expected to begin in June.

ASX:IPX

Asia49d ago

Zip Co to Continue Using Zip Brand in Australia

Zip Co (ASX:ZIP) said it will continue to operate using the Zip brand in Australia after a settlement with mortgage lender Firstmac, according to a Thursday filing with the Australian bourse.The company reached a settlement with Firstmac, under which the company will acquire the registered trademark number 1021128 for Zip, allowing it to continue using the name Zip in Australia for its products and services, the filing said.

ASX:ZIP

Asia49d ago

SoftBank Group-backed SB Energy Plans Confidential IPO Filing in the US

SoftBank Group-backed (TYO:9984) SB Energy plans to confidentially submit a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission, according to a press release on Wednesday.This submission relates to a proposed initial public offering of the company's common stock in the United States, the power infrastructure company said in the release.The actual offering and its timing remain subject to market conditions, various considerations, and the completion of the SEC's review process, the release said.

TYO:9984

Asia49d ago

KKR Entities Reduce Stake in Steadfast Group

Steadfast Group (ASX:SDF) said the voting power of Kohlberg Kravis Roberts (KKR) entities in the firm decreased to 5.21% from 6.25% previously on Monday, according to a Thursday Australian bourse filing.The KKR entities include Comet Asia Holdings II, Comet Asia Holdings I, KKR Asia III Fund Investments, and KKR Asian Fund. They now hold nearly 58 million fully paid ordinary shares in the firm.

ASX:SDF

Asia49d ago

Australian Agricultural Company Swings to Fiscal Year 2026 Profit, Posts Higher Revenue

Australian Agricultural Company (ASX:AAC) reported Thursday that it swung to a profit of AU$0.1789 per share in the fiscal 2026 from a loss of AU$0.0018 a year earlier.Revenue for the 12 months ended March 31 was AU$422.1 million, compared with AU$387.9 million a year earlier.

ASX:AAC

Asia49d ago

BLIS Technologies Reports Lower Fiscal Year 2026 Earnings, Higher Revenue; Shares Rise 7%

BLIS Technologies (NZE:BLT) reported Thursday a fiscal year 2026 statutory earnings per share of NZZ$0.0005, compared with NZ$0.0007 in the year prior.Revenue for the year ended March 31 was NZ$14.7 million, up from NZ$12.6 million in the previous fiscal year.The company said it has so far seen "minimal economic loss" as a result of the uncertainty generated by the conflict in the Middle East and does not foresee any material change to that impact.BLIS Technologies shares gained 7% in recent Thursday trade.

NZE:BLT

Asia49d ago

Lion Rock Minerals Appoints CEO, COO

Lion Rock Minerals (ASX:LRM) named the former Chief Executive Officer of Sierra Rutile Holdings, Theuns de Bruyn, as its CEO and the former technical services manager at Sierra Rutile, Grant Scott, appointed as its Chief Operating Officer, effective Thursday, according to a same-day Australian bourse filing.Duncan Craib was appointed as its non-executive chair, also effective Thursday.The firm received firm commitments to raise AU$2 million through a placement of 100 million new shares at AU$0.02 per share, conducted under its existing placement capacity. The incoming directors and executives cornerstoned the capital raise.

ASX:LRM

Asia49d ago

Turners Automotive Group Posts Lower Fiscal Year 2026 Earnings, Higher Revenue

Turners Automotive Group (ASX:TRA, NZE:TRA) reported Thursday fiscal year 2026 earnings of NZ$0.4215 per share, down from NZ$0.4332 a year earlier.Analysts polled by FactSet expected earnings of NZ$0.48 per share.Total revenue for the 12 months ended March 31 was NZ$451.2 million, compared with NZ$414.2 million a year earlier. Analysts' consensus, as polled by FactSet, was NZ$425.3 million in revenue.The company expects continued strong progress toward its fiscal year 2028 target of NZ$65 million in net profit before tax, potentially a year earlier than planned.The board declared a final dividend of NZ$0.09 per share, unchanged from the prior corresponding period, payable July 29 to shareholders on record as of July 14.

ASX:TRANZE:TRA

Asia49d ago

Webjet's Fiscal Year 2027 Earnings Under Pressure From Weak Demand, Says Jefferies

Webjet (ASX:WJL) is starting fiscal year 2027 poorly, as earnings come under pressure from subdued demand and lower commissions from airline Virgin Australia, Jefferies said in a note on Wednesday.The company posted fiscal year 2026 underlying EBITDA in line with consensus, but a 2% beat in revenue expectations was offset by a 9% miss in underlying net profit after tax (NPAT) due to higher non-cash expenses and lower net interest.The investment firm said fiscal year 2027 trading to May 17 appears weak, with online travel bookings down about 15%, primarily hurt by cost-of-living pressures, elevated airfares, and travelers opting for short-haul trips to Asia rather than international travel.An upcoming ban on card surcharges by the central bank also poses a "difficult-to-offset earnings risk" due to limited pricing power."While growth in Business Travel and ancillary revenue is encouraging, these are not yet large enough to offset core weakness," analysts at the brokerage said.Jefferies has a hold rating on Webjet with a price target of AU$0.65.

ASX:WJL

Asia49d ago

Electro Optic Systems Holdings Completes Acquisition Of MARSS Business

Electro Optic Systems Holdings (ASX:EOS) completed the acquisition of the MARSS business, according to a Thursday Australian bourse filing.MARSS' NiDAR command and control systems are used to detect, track, and defeat drone attacks. The firm made an upfront payment of $36 million for MARSS.

ASX:EOS

Asia49d ago

Orezone Gold's Newly Acquired Québec Gold Mine May Outperform Expectations, Says Euroz Hartleys

Orezone Gold's (ASX:ORE) newly acquired Québec-based Casa Berardi gold mine is ramping up production and exploration and has the potential to outperform expectations, Euroz Hartleys said in a note on Wednesday.The acquisition, completed in March, builds on Orezone's existing operating assets and solidifies its position as a diversified, multi-asset gold producer, the firm said.The project has four active rigs, and a fifth set to arrive, as the company plans to drill around 40,000 meter to 60,000 meter. This is expected to extend to up to 100,000 meter per annum in the coming years, supporting open pit expansion potential and future underground growth opportunities.Casa Berardi production guidance is expected in the second quarter of 2026, including a target to return production to historical levels of 140,000 ounces to 150,000 ounces per annum. Euroz Hartleys projects production of 55,000 ounces in 2026.The investment firm maintained its speculative buy rating and price target of AU$4.30.

ASX:ORE

Asia49d ago

Downer EDI Buys Back Over 166,000 Ordinary Shares

Downer EDI (ASX:DOW, NZE:DOW) repurchased 166,256 ordinary shares on Wednesday for AU$1.3 million in total as part of an on-market buyback, according to a Thursday filing with the Australian and New Zealand bourses.The company plans to repurchase up to 33.6 million of its ordinary shares, the filing said.

ASX:DOWNZE:DOW

Asia49d ago

AFT Pharmaceuticals Posts Higher Fiscal 2026 Earnings, Revenue

AFT Pharmaceuticals (ASX:AFP, NZE:AFT) reported Thursday fiscal 2026 earnings of NZ$0.14 per share, up from NZ$0.11 a year earlier.Revenue for the 12 months ended March 31 was NZ$254.7 million, compared with NZ$208 million a year earlier.The company expects to continue its growth trajectory in fiscal 2027 as it works toward achieving its revenue target of at least NZ$300 million, with operating profit projected to range between NZ$28 million and NZ$32 million.The board declared a final dividend of NZ$0.025 per share, up from NZ$0.018 a year earlier, payable July 3 to shareholders on record as of June 19.

ASX:AFPNZE:AFT

Asia49d ago

Tower Posts Lower Fiscal H1 Earnings, Higher Gross Written Premium

Tower (ASX:TWR, NZE:TWR) reported Thursday fiscal first-half earnings of NZ$0.066 per share, down from NZ$0.13 a year earlier.Gross written premium for the six months ended March 31 was NZ$300.8 million, compared with NZ$297 million a year earlier.The company expects gross written premium growth in the low single digits, down from 5% to 10%, due to lower average premiums and subdued market conditions, while underlying net profit after tax, assuming full utilization of the large events allowance, is projected to be between NZ$55 million and NZ$65 million.The board declared an interim dividend of NZ$0.05 per share, down from NZ$0.08 a year earlier, payable June 25 to shareholders on record as of June 11.

ASX:TWRNZE:TWR

Asia50d ago

Kanzhun's Profit Soars in Q1

Kanzhun (HKG:2076) recorded a rise in attributable net income in the first quarter of 2026 to 1.16 billion yuan from 518.1 million yuan a year prior, according to a Wednesday Hong Kong bourse filing.Earnings per share stood at 1.22 yuan, up from 0.58 yuan in the first quarter of 2025.The head-hunting firm's revenue climbed 7.6% to 2.07 billion yuan from 1.92 billion yuan in the year-ago period.

HKG:2076

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