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MC Mining Appoints Chair

MC Mining (ASX:MCM) appointed Jianheng Deng as non-executive chairman, effective Tuesday, according to a Wednesday filing with the Australian bourse.Deng succeeded interim Chairman Mathews Senosi, who will remain on the board as a non-executive director, the filing added.

ASX:MCM

Asia50d ago

Market Chatter: Development Bank of Japan Targets to Provide 3 Trillion Yen in Risk Capital

The state-backed Development Bank of Japan aims to provide 3 trillion yen in risk capital over five years to fund supply chain shifts and industry consolidation, Nikkei reported Wednesday, citing President Seiji Jige.The medium-term plan through fiscal 2030, released Tuesday, includes equity, real estate, infrastructure, and mezzanine financing-a debt-equity hybrid, the news portal said.Compared to the previous plan spanning fiscal 2023 to 2025, this represents an increase of just over 10% in average annual investment, the publication said.Seiji Jige told Nikkei that while the bank's investments have traditionally targeted exits in roughly five years, it may now need to hold them for a decade or more at companies' request.(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.)

Nikkei 225

Asia50d ago

Santos Says Moomba Carbon Capture Project Stores 2 Million Tonnes of Carbon Dioxide Equivalent in 18 Months

Santos (ASX:STO) said its Moomba Carbon Capture and Storage (CCS) project in South Australia's Cooper Basin has recorded 2 million tonnes of carbon dioxide equivalent safely and permanently stored in just over 18 months of operation, according to a Wednesday statement.The company said Moomba CCS, its onshore carbon capture and storage project, has received more than 1.19 million Australian Carbon Credit Units for carbon dioxide equivalent injected from the start of the project to Sept. 30, 2025.The company's shares rose 1% in recent Wednesday trade.

ASX:STO

Asia50d ago

Geopacific Resources Reports 19% Rise in Gold Resources at Papua New Guinea Project; Shares Jump 8%

Geopacific Resources (ASX:GPR) said its combined mineral resource estimate (MRE) for the Woodlark Gold Project in Papua New Guinea has increased 19% to 70 million tonnes at 0.9 grams per tonne (g/t) gold for about 2 million ounces of contained gold, according to a Wednesday Australian bourse filing.The ore reserve estimate now stands at 34.3 million tonnes at 1.1 g/t gold for 1.2 million ounces, comprising 2.3 million tonnes at 2.5 g/t gold of proved classification and 32 million tonnes at about 1 g/t gold of probable classification, the filing added.The updated estimates for the Busai, Kulumadau, and Woodlark King deposits stand at 65.3 million tonnes at 0.9 g/t gold for 1.8 million ounces of gold, inclusive of ore reserves, with measured and indicated categories comprising roughly 96% of the 2026 MRE, it added.The company's shares jumped 8% in recent Wednesday trade.

ASX:GPR

Asia50d ago

Magellan Financial Group's Acquisition of Barrenjoey Under Phase One ACCC Review

Magellan Financial Group's (ASX:MFG) proposed acquisition of Barrenjoey Capital Partners is under a phase one investigation by the Australian Competition and Consumer Commission (ACCC), the regulator said Tuesday.The ACCC is seeking comments on the proposed merger in a consultation that runs through May 27.Magellan recently agreed to merge with Barrenjoey and issue 106.8 million shares as consideration for the deal.

ASX:MFG

Asia50d ago

Webjet Posts Lower Fiscal Year 2026 Underlying Earnings, Higher Revenue

Webjet (ASX:WJL) reported Wednesday fiscal year 2026 underlying earnings of AU$0.0339 per share, down from AU$0.0448 a year earlier.Analysts polled by FactSet expected earnings of AU$0.03.Revenue for the 12 months ended March 31 was AU$136.4 million, compared with AU$135.3 million a year earlier. Analysts surveyed by FactSet expected AU$133.3 million.The board declared a final dividend of AU$0.02 per share, payable June 10 to shareholders on record as of May 28.

ASX:WJL

Asia50d ago

Market Chatter: Itochu Unit to Take Over SunMed's Japan Sales Operations as Weak Yen Hits Profits

Itochu's (TYO:8001) subsidiary, Century Medical, is taking over the Japan sales and logistics operations of U.S. medical equipment maker SunMed Group, Bloomberg News reported on Wednesday.SunMed has struggled with profitability in the country due to the weak yen and inflationary pressures, the news wire said, citing sources familiar with the matter.Century Medical will handle sales, delivery, inventory management, and other logistics for SunMed products, including closed suction catheters in Japan, the publication said.SunMed does business in Japan under the AirLife brand following a 2023 rebranding, the report said.The transaction, expected to be completed as early as July, involves no capital movement; an AirLife spokesperson confirmed the deal without elaborating, it added.Itochu did not reply to MTNewswire's queries at press time.(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:8001

Asia50d ago

Odyssey Gold Signs Toll Milling Deal for Western Australia Project

Odyssey Gold (ASX:ODY) signed a toll milling agreement with Gylden Resources for processing up to 750,000 tonnes from its Tuckanarra project in Western Australia, according to a Wednesday filing with the Australian bourse.A minimum of 600,000 tonnes will be processed at the Kirkalocka plant in four quarterly campaigns from the first quarter of 2027, with an additional 150,000 tonnes to be milled if capacity allows, the filing said.

ASX:ODY

Asia50d ago

Saturn Metals' 'Strong' Assays From Western Australia Project Continue to Support Mineral Resource Upgrade

Saturn Metals (ASX:STN) received "strong" assay results from recent resource development drilling at its Apollo Hill project in Western Australia, continuing to support its ongoing mineral resource upgrade process, according to a Wednesday filing with the Australian bourse.Reverse circulation and diamond drilling results include 16 meters at 2.5 grams per tonne (g/t) grade of gold from 47 meters, including 5 meters at 7.1 g/t grade of gold from 53 meters, 22 meters at 1.6 g/t grade of gold from 26 meters, including 10 meters at 2.9 g/t grade of gold from 26 meters, and 5 meters at 4 g/t grade of gold from 115 meters, the filing said.The updated mineral resource will support the Apollo Hill definitive feasibility study and an updated ore reserve, set for release later this year, per the filing.

ASX:STN

Asia50d ago

Mach7 Technologies Licenses Software to American Radiologist Network With Shorter Deployment Timeline

Mach7 Technologies (ASX:M7T) said US-based teleradiology provider American Radiologist Network signed a five-year subscription license for the company's eUnity Viewer software for medical images, according to a Wednesday filing with the Australian bourse.The initial contract value is AU$1.7 million based on a minimum of 675,000 studies per year, with volumes forecast to surpass a million studies over the agreement's full term.Mach7 said the first productive use under the contract is expected within 45 days, a "significant reduction" on the company's typical 12-month deployment timeline made possible by a commercial transformation involving the removal of silos and the restructuring of the sales and services team.

ASX:M7T

Asia50d ago

Electro Optic Systems Holdings Completes AU$150 Million Institutional Placement at AU$8.00 Per Share

Electro Optic Systems Holdings (ASX:EOS) said it has completed a fully underwritten institutional placement of about 18.8 million new fully paid ordinary shares at AU$8 per share, raising AU$150 million from existing and new institutional investors, according to a Wednesday Australian bourse filing.The placement price represents a 9.3% discount to the last traded price of AU$8 on May 15, with the company also receiving a commitment from Generation 5 Holding and another defence-focused institutional investor to subscribe for a total of AU$40 million in shares at the same price under a strategic placement subject to shareholder approval, the filing added.EOS is also undertaking a non-underwritten share purchase plan (SPP) targeting up to AU$25 million, providing eligible shareholders the opportunity to apply for up to AU$30,000 worth of new shares at the same price as that of the placement, the filing added.Proceeds from the institutional placement, strategic placement, and SPP, together with a secured term loan facility from Washington H. Soul Pattinson will be used to fund the upfront payment for the MARSS acquisition and to pursue growth opportunities, it added.

ASX:EOS

Asia50d ago

ASX Preview: Australian Shares Set to Fall as Oil Eases on US-Iran Talks; James Hardie Industries Posts Lower Fiscal Q4 Adjusted Earnings, Higher Net Sales

Australian shares are poised to fall on Wednesday as oil prices eased after reports of progress in US-Iran talks and easing fears of an imminent military escalation, although crude remains elevated amid ongoing Middle East supply risks and disruptions to global energy flows.Overnight, the S&P 500 and the Dow Jones Industrial Average each fell 0.7%, while the Nasdaq Composite declined 0.8%.In the macroeconomy, the monthly employee earnings indicator report is due at 11:30 am Sydney time.In corporate news, James Hardie Industries (ASX:JHX) reported Wednesday fiscal fourth quarter adjusted earnings of $0.30 per share on net sales of $1.4 billion, compared with adjusted earnings of $0.36 on net sales of $971.5 million a year earlier.Catapult Sports (ASX:CAT) reported on Wednesday a fiscal 2026 loss of $0.089 per share on revenue of $140.7 million, compared with loss of $0.034 on revenue of $116.5 million a year earlier.Australia's benchmark index rose 1.2% or 99.4 points to close at 8,604.70 on Tuesday.

ASX 200ASX:CATASX:JHX

Asia50d ago

Maronan Metals Raises AU$22 Million Via Strategic Placement to Kinterra Capital

Maronan Metals (ASX:MMA) said it has entered into a binding agreement with Kinterra Critical Materials and Infrastructure Opportunities Fund II, managed by Kinterra Capital, to raise about AU$22 million via a strategic private placement at AU$0.351 apiece, according to a Wednesday Australian bourse filing.The company said the issue price represents the five-day volume-weighted average price of Maronan shares through May 15, with Kinterra Fund II to hold about 19.99% of Maronan's issued shares upon completion.Proceeds will fund Maronan's expanded drilling program to increase the indicated resource base beyond the Starter Zone and advance technical and regulatory workstreams required to complete a preliminary feasibility study and support development decisions for the broader Maronan project, the filing added.

ASX:MMA

Asia50d ago

EBR Systems Enters Cardiac Device Purchasing Deal With US Hospital Network

EBR Systems (ASX:EBR) entered a three-year purchasing agreement with US hospital network Christus Health to advance the commercial rollout of its WiSE CRT System, according to a Wednesday filing with the Australian bourse.The agreement establishes a purchasing pathway for the implantable cardiac device across a network of 66 hospitals, the company said.

ASX:EBR

Asia50d ago

WIA Gold to Raise AU$92 Million Via Institutional Placement

WIA Gold (ASX:WIA) said it has received binding commitments to raise AU$92 million through the issue of 200 million new fully paid ordinary shares at AU$0.46 per share from new and existing institutional and sophisticated investors, according to a Wednesday Australian bourse filing.The offer price represents an 8% discount to the last traded price of AU$0.50 on May 15 and a 5.9% discount to the 10-day volume weighted average price of AU$0.489, the filing added.Proceeds will be applied primarily toward advancing the Kokoseb Gold Project, including execution readiness and early works programs and pre-production capital expenditure, with settlement expected on May 26 and allotment and quotation of new shares on May 27, it added.

ASX:WIA

Asia50d ago

Central Petroleum Preparing Two Wells at Northern Territory Gas Field; Fully Repays Liability for Over-Lifted Mereenie Gas

Central Petroleum (ASX:CTP) is preparing to drill two new wells at the Palm Valley gas field in the Northern Territory later this year, according to a Wednesday filing with the Australian bourse.The wells will support a recent gas sale agreement with the Northern Territory government and, if successful, are expected to boost Central's total gas production and revenue by around 40% when they are commissioned in the second half of the year.Site preparation is complete, and the first well is expected to spud in mid-July, the company said.Central Petroleum added that it has fully repaid the liability for previously over-lifted gas from the Mereenie gas field, also in the Northern Territory, through 2 terajoules per day of its gas production. The company has effectively received nil net revenue for this volume since 2020, but will now receive net cash proceeds under existing contracts for the volume, resulting in an incremental increase in cash flow of more than AU$7 million per year, it said.It plans for at least three oil and gas exploration wells in the Otway and Cooper Basins and is targeting the start of drilling in the first half of 2027.

ASX:CTP

Asia50d ago

Market Chatter: Japan Vows Bold Intervention to Support Yen As Needed

Finance Minister Satsuki Katayama told reporters in Paris that her G-7 counterparts understand Japan's stance and that she will take bold action as needed to support the yen, Bloomberg News reported Wednesday.Her remarks followed the first G-7 meeting since Japan's suspected yen-buying interventions began late last month, with the communique reaffirming that excess currency volatility can harm economies, the news wire said.Following Katayama's remarks, the yen strengthened to around 158.82 against the dollar, recovering from its weakest level since the government last intervened on April 30, the publication said.Separately, Bank of Japan Governor Kazuo Ueda reiterated at the same press conference that he will continue conducting monetary policy to secure stable inflation while watching for upside risks, the report said.(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.)

Nikkei 225

Asia50d ago

GBM Resources Extends Gold Mineralization East of Queensland Deposit

GBM Resources' (ASX:GBM) stage two drilling program extended gold mineralization east of the 309 deposit, within the Twin Hills gold project in Queensland, according to a Wednesday Australian bourse filing.It hit intercepts of 21 meters at 2.50 grams per tonne grade of gold from 158 meters, as well as 14 meters at 2.99 g/t grade of gold from 194 meters.Three drill rigs are operating across Lone Sister and 309 deposits at the project. Preparation to drill the Yandan deposit is underway.

ASX:GBM

Asia50d ago

Webjet Unit Flags Changes to Virgin Australia Commercial Agreements

Webjet (ASX:WJL) said its wholly owned subsidiary Webjet Marketing has received written notice from Virgin Australia Holdings (ASX:VGN) advising of changes to their existing agency and ancillary commercial arrangements, according to a Wednesday filing with the Australian bourse.The company currently earns commission on the sale of Virgin flights and related services, subject to performance targets, but Virgin has advised that from July 1 it will significantly reduce these commission payments and broader commercial terms, per the filing.The company said that if the change had been implemented at the start of fiscal 2026, it would have had an around AU$3 million impact on fiscal 2026 revenue.The company requested a trading halt on the Australian Securities Exchange, the filing added.

ASX:VGNASX:WJL

Asia50d ago

Meeka Metals' Exploration Drilling at Western Australia Gold Project Continues to Hit Gold

Meeka Metals' (ASX:MEK) first pass exploration drilling continued to hit gold at Rosapenna within the Fairway shear zone at the Murchison gold project in Western Australia, highlighting the potential for a new discovery, according to a Wednesday Australian bourse filing.It encountered intercepts of 13 meters at 1.02 grams per tonne grade of gold from 58 meters, as well as one meter at 99.14 g/t grade of gold from 73 meters.

ASX:MEK

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