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DroneShield Says March Quarter Second Highest Revenue Quarter to Date

DroneShield (ASX:DRO) said that the March quarter was the second highest revenue quarter to date, with a revenue of AU$74.1 million, up 121% from AU$33.5 million in the year-ago quarter, according to a Wednesday Australian bourse filing.The three months ended March 31 was also the highest customer cash receipts quarter on record, with customer cash receipts rocketing 360% year over year to AU$77.4 million.The company's software-as-a-service business contributed 6.9% of the revenue, clocking in at AU$5.1 million during the period and jumping 205% year over year.DroneShield's shares were up nearly 2% in recent trading on Wednesday.

ASX:DRO

Asia68d ago

Corporate Travel Management Expects to Reverse Up to 118 Million Pounds Sterling of Revenue From Prior Results

Corporate Travel Management (ASX:CTD) now expects to reverse up to 118 million pounds sterling of revenue from fiscal year 2025 and prior years' results, up from a previously flagged amount of 77.6 million pounds sterling, according to a Wednesday filing with the Australian bourse.The development comes after the company hired KPMG to perform a forensic accounting review for certain years, with KPMG identifying areas of concern regarding the recognition of the UK group's concluded customer contracts and other revenue.The company said revenue of up to about 10 million pounds sterling may need to be reversed in the fiscal first-half results, depending on the outcome of commercial discussions with certain customers. The review confirmed that certain customers were charged above the contractual entitlement.Corporate Travel Management has made "significant changes" within its UK business, especially across financial controls and operational processes, it said, adding that the review has not identified any issues in other regions.The company aims to release audited fiscal year 2025 and reviewed fiscal first-half 2026 financial statements in the second quarter of the year.

ASX:CTD

Asia68d ago

Northern Star Resources' Gold Sales Fall in March Quarter

Northern Star Resources (ASX:NST) said that the total gold sold for the March quarter was 380,807 ounces at an all-in sustaining cost (AISC) of AU$2,709 per ounce, according to a Wednesday Australian bourse filing.Total gold sold was 385,441 ounces at an AISC of AU$2,246 per ounce in the March 2025 quarter, an earlier filing showed.The company expects gold sales in fiscal 2026 to exceed 1.5 million ounces, with AISC projected between AU$2,600 and AU$2,800 per ounce.The company reported net cash of AU$320 million after paying a AU$347 million cash dividend, with total cash and bullion holdings amounting to AU$1.18 billion as of March 31.Northern Star Resources' shares shed around 2% in recent Wednesday trade.

ASX:NST

Asia68d ago

Eisai, Merck's Phase 3 Kidney Cancer Drug Combo Trial Fails to Meet Survival Endpoints

Japanese pharmaceutical firm Eisai (TYO:4523) and U.S.-based Merck's experimental combination therapies failed to meet the dual primary endpoints of progression-free survival and overall survival in a Phase 3 trial.The trial was evaluating first-line treatment for advanced clear cell renal cell carcinoma, a form of kidney cancer that accounts for approximately 80% of all cases, according to a joint statement on Tuesday.The LITESPARK-012 study tested two regimens: Keytruda plus Lenvima plus Welireg, and MK-1308A (a co-formulation of Keytruda with an investigational antibody) plus Lenvima, against the established combination of Keytruda and Lenvima in 1,688 patients.An interim analysis revealed that neither experimental combination met the study's two primary goals of improving overall survival and progression-free survival compared with the standard treatment.

TYO:4523

Asia68d ago

Regis Resources Raises Group Gold Resources to 8.3 Million Ounces

Regis Resources (ASX:RRL) said group mineral resources have increased to 8.3 million ounces and ore reserves to 2 million ounces as of Dec. 31, 2025, up from 7.5 million ounces and 1.7 million ounces, respectively, at Dec. 31, 2024, according to a Wednesday Australian bourse filing.The company said Duketon reserves have grown by 307,000 ounces, or about 30%, to 38 million tonnes at 1.1 grams per tonne gold for 1.4 million ounces of gold as at Dec. 31, 2025, with Garden Well underground ore reserve growing by over 257,000 ounces, or 120%, to 474,000 ounces at 8.5 million tonnes at 1.70 g/t gold.Overall underground reserve growth was about 2.4 times the underground depletion of 116,000 ounces, marking the sixth consecutive year of underground reserve growth, the filing added.The company has declared an initial open-pit resource for Southern Star at 1.9 million tonnes at 1.1 g/t gold for 69,000 ounces, reported within an AU$3,900 per ounce pit shell, while total underground ore reserve additions of 1.3 million ounces at the Tropicana joint venture since 2018 have exceeded depletion of 808,000 ounces by about 500,000 ounces.

ASX:RRL

Asia68d ago

Market Chatter: Japan, Mexico Agree to Boost Energy and Trade Cooperation Amid Iran War

Japan's Prime Minister Sanae Takaichi and Mexico's President Claudia Sheinbaum pledged to strengthen energy cooperation amid global oil and gas disruptions caused by the Iran war over a phone call on Tuesday, Reuters reported on the same day.Takaichi proposed creating a new dialogue framework with Mexico that encompasses economic security, Mexico's abundant mineral resources, the publication said.The premier also requested Mexico's support in fostering a favorable environment for Japanese businesses operating there, the news wire said.The two leaders also concurred on deepening trade ties, the report said, citing Japan's foreign ministry.President Sheinbaum described the conversation as "very productive" on X, emphasizing the importance of enhancing bilateral relations in investment, trade and cooperation, 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.)

Nikkei 225

Asia68d ago

ASX Preview: Australian Shares to Fall as Oil Surges on Escalating Middle East Tensions; Bank of Queensland Posts Lower Fiscal H1 Cash Earnings, Higher Revenue

Australian shares are poised to fall on Wednesday as oil prices surged on renewed Middle East supply disruption fears, with Brent crude briefly topping $100 a barrel amid escalating Iran-related tensions.Sentiment was further clouded by reports that US President Donald Trump is seeking to extend a fragile ceasefire with Iran despite ongoing naval blockade concerns and mixed signals from Tehran over the prospects for a lasting peace deal.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average each fell 0.6%.In the macroeconomy, Westpac's leading index report is due at 11 am Sydney time.In corporate news, Bank of Queensland (ASX:BOQ) reported Wednesday fiscal first-half cash earnings of AU$0.253 per share on revenue of AU$835 million, compared with cash earnings of AU$0.264 on revenue of AU$802 million a year earlier.BHP Group (ASX:BHP) reported fiscal third-quarter copper production of 476,800 tonnes, down 7% from a year earlier.Paladin Energy (ASX:PDN) reported fiscal third-quarter triuranium octoxide production of about 1.3 million pounds from its Langer Heinrich Mine in Namibia, up 5% from the previous quarter.Australia's benchmark index fell 0.04% or 3.9 points to close at 8,949.40 on Tuesday.

ASX 200ASX:BHPASX:BOQASX:PDN

Asia68d ago

Pantoro Confirms High-Grade Mineralization at Western Australia Mine

Pantoro (ASX:PNR) confirmed high-grade mineralization extending at least 50 meters below the current indicated mineral resource at the Scotia underground mine within the Norseman project in Western Australia following extensional drilling, according to a Wednesday filing with the Australian bourse.Results from Central Scotia include 16 meters at nearly 11 grams per tonne grade of gold, including 1.58 meters at 30 g/t grade of gold, 1.75 meters at almost 42 g/t grade of gold, and 1.31 meters at 18 g/t grade of gold, the filing said.Grade control drilling indicated high-grade intersections in the Scotia North and Taurus orebodies within the current mine plan, per the filing.

ASX:PNR

Asia68d ago

Generation Development Group Posts 30% Growth in March Quarter Funds Under Management

Generation Development Group (ASX:GDG) said March quarter funds under management (FUM) increased 30% year on year to AU$34.8 billion, with market movements reducing FUM by AU$1.1 billion during the quarter, particularly in March due to the Middle East conflict, according to a Wednesday Australian bourse filing.The company said net inflows were AU$1.4 billion, including the transition of a mandate worth about AU$300 million, with annual sales of AU$1.42 billion to March 31, up 58% since March 31, 2025.The company added that the transition of the Xplore/HUB24 portfolio commenced on April 17, with completion revised to May and expected to involve more than AU$1.5 billion of FUM.

ASX:GDG

Asia68d ago

Lindian Resources Secures AU$16.6 Million Equipment Finance, Working Capital Facility With NBS Bank

Lindian Resources (ASX:LIN) said it has received board approval from NBS Bank for a AU$16.6 million composite facility comprising AU$6.6 million in asset finance with a five-year tenor and 18-month grace period, and AU$10 million in working capital with a three-year tenor, according to a Wednesday Australian bourse filing.The company said the asset finance facility will reimburse 90% of the Komatsu owner-operator mining fleet that Lindian has already paid, while the working capital facility will provide an additional liquidity buffer to support operational activities during ramp-up and ongoing operations.Following its recently completed AU$100 million institutional placement disclosed on April 1, Lindian said it is progressing main construction, with a strong balance sheet and no core project finance debt, and that the NBS Bank facilities will be used for asset finance and working capital purposes only.

ASX:LIN

Asia68d ago

Treasury Wine Estates to Transition to New Regional Operating Model in October

Treasury Wine Estates (ASX:TWE) will transition to a new regional operating model, effective Oct. 1, according to a Wednesday Australian bourse filing.Under the new model, the company will operate four regional divisions: the Americas; Australia and New Zealand (ANZ) and Europe; Greater China; and emerging markets, which cover the rest of Asia, Middle East, and Africa.Each division will house front-end core commercial capabilities across sales, marketing, direct to consumer, and commercial strategy, per the filing. The company will retain specialist luxury sales capabilities in key markets and channels, and prioritize investment in Penfolds and other priority luxury brands.Tom King, currently the managing director of Penfolds, will assume the new role of chief commercial officer, the filing said. Kristy Keyte, currently the chief marketing officer for Penfolds, will assume the new role of chief marketing and innovation officer.The company continues to expect that fiscal second half earnings before interest, tax, self-generating and regenerating assets will be higher than the first half. It does not expect increased costs to have a material impact in fiscal 2026 in the wake of the Middle East conflict, and it will continue to monitor the situation for possible impacts.The company also established new debt commitments worth AU$300 million in total from a number of lenders within its global banking group on terms consistent with existing debt arrangements to be used to refinance fiscal 2027 debt maturities and further increase its liquidity position.

ASX:TWE

Asia68d ago

Ramelius Resources Says Drilling at Western Australia Gold Project Shows New Mine Potential at Deposit

Ramelius Resources (ASX:RMS) said drilling at the Dalgaranga gold project in Western Australia during the March quarter showed that there was new mine potential at Gilbey's underground deposit, according to a Wednesday Australian bourse filing.It reported intercepts of 3.9 meters at 21.2 grams per tonne grade of gold from 219 meters, as well as 6.1 meters at 10.4 g/t grade of gold from 207.7 meters.It also reported intercepts of one meter at 8.96 g/t grade of gold from 115 meters, as well as 0.6 meters at 24.3 g/t grade of gold from 307.5 meters from the Plymouth-Sly Fox area.The exploration program sought to delineate new mineralization down-dip of the current mineral resource estimates, while also converting the existing inferred mineral resources.

ASX:RMS

Asia68d ago

Ampol Reports Slightly Lower Q1 Sales Volume; Secures Fuel Supplies Through End of May

Ampol (ASX:ALD) reported first-quarter sales volume of about 6.13 billion liters, down slightly from 6.14 billion liters a year earlier, according to a Wednesday filing with the Australian bourse.The company reported refinery production of 1.43 billion liters for the quarter, up 10% from 1.3 billion liters in the year-ago period, per the filing.Ampol said it has secured fuel supplies through to at least the end of May and crude into July, adding that it was well-placed for crude and product supply before the start of the conflict in the Middle East.

ASX:ALD

Asia68d ago

Bank of Queensland Posts Higher Total Capital, CET1 Capital for February Quarter

Bank of Queensland's (ASX:BOQ) total capital and Common Equity Tier 1 (CET1) capital both increased year over year in the February quarter, according to a Wednesday Australian bourse filing.The bank's total capital in the three months to February came in at AU$6.21 billion, up from AU$6.08 billion in the same period a year earlier. Its CET1 capital for the period clocked in at AU$4.51 billion, rising from AU$4.37 billion.The CET1 ratio for the February quarter was 11.18%, compared with a ratio of 10.87% in the prior-year period. The bank reported a liquidity coverage ratio of 140.51% for the quarter, compared with 141.84%.

ASX:BOQ

Asia68d ago

Paladin Energy Reports Higher Fiscal Q3 Uranium Oxide Production; Raises Fiscal Year 2026 Production Guidance

Paladin Energy (ASX:PDN) reported fiscal third-quarter triuranium octoxide production of about 1.3 million pounds from its Langer Heinrich Mine in Namibia, up 5% from the previous quarter, according to a Wednesday filing with the Australian bourse.The company reported uranium oxide production from the mine of 745,484 pounds in the year-ago period, an earlier filing showed.Paladin Energy raised its fiscal year 2026 uranium oxide production guidance range for the mine to 4.5 million to 4.8 million pounds, citing "strong" year-to-date performance. It previously guided for 4 million to 4.4 million pounds, according to an earlier filing.

ASX:PDN

Asia68d ago

Southern Cross Gold Says Drilling at Victoria Prospect Hits Multiple, High-Grade Gold Samples

Southern Cross Gold Consolidated (ASX:SX2) said diamond drilling at the Golden Dyke prospect at the Sunday Creek gold-antimony project in Victoria hit multiple individual samples exceeding 100 grams per tonne (g/t) grade of gold and 10% grade of antimony, according to a Wednesday Australian bourse filing.The best intercept encountered was 1.6 meters at 59.8 g/t grade of gold-equivalent, including 55.3 g/t grade of gold and 1.9% grade of antimony from 313.8 meters.An additional drill rig was added to the project, with 11 rigs now operational.

ASX:SX2

Asia68d ago

PolyNovo Appoints Chief Scientific Officer

PolyNovo (ASX:PNV) appointed Marthe D'Ombrain as chief scientific officer, effective June 1, according to a Wednesday filing with the Australian bourse.D'Ombrain most recently served as executive director and head of global research innovation at CSL (ASX:CSL), the filing added.

ASX:CSLASX:PNV

Asia68d ago

West African Resources Gold Project Deal With Burkina Faso Bolsters Operational Security, Says Euroz Hartleys

West African Resources' (ASX:WAF) Burkina Faso-based Kiaka Gold project, which saw the state's equity interest increase by a further 25%, represents stronger political alignment and operating security for the company, Euroz Hartleys said in a note on Tuesday.Burkina Faso's state mining entity has now boosted government ownership of the project to 40% after acquiring the additional stake share for AU$175 million. This has reduced West African Resources' holding to 60%.Alignment with government reduces the risk of licensing and operational disruption, marking a key driver for the gold producer. The strengthened relationship could also "create opportunities for deeper collaboration," the investment firm added.The brokerage lowered its net present value estimates for the Kiaka project to AU$2.3 billion from AU$3.08 billion following the company's reduced stake.Euroz Hartleys maintained a speculative buy rating but lowered price target to AU$5.50 from AU$5.70, reflecting the dilution from the reduced Kiaka interest.

ASX:WAF

Asia68d ago

BHP Group Reports 7% Decline in Fiscal Q3 Copper Production

BHP Group (ASX:BHP) reported fiscal third-quarter copper production of 476,800 tonnes, down 7% from a year earlier, according to a Wednesday filing with the Australian bourse.Iron ore output for the March quarter was 62.8 million tonnes, an increase of 2% from the year-ago period, per the filing.The company said its fiscal 2026 copper production is now expected to be in the upper half of its 1.9 million to 2 million tonnes guidance range. It also maintained its iron ore output guidance at 258 million to 269 million tonnes for the fiscal year.

ASX:BHP

Asia68d ago

Bank of Queensland Posts Lower Fiscal H1 Cash Earnings, Higher Revenue

Bank of Queensland (ASX:BOQ) reported Wednesday fiscal first-half cash earnings of AU$0.253 per share, down from AU$0.264 a year earlier.Analysts polled by FactSet expected earnings of AU$0.26.Revenue from ordinary activities for the six months ended Feb. 28 was AU$835 million, compared with AU$802 million a year earlier.Analysts surveyed by FactSet expected AU$839 million.The company has maintained its common equity tier 1 management target range at 10.25% to 10.75%, along with an unchanged dividend payout ratio target of 60% to 75% of cash earnings, while also keeping its cost guidance steady and continuing to expect cost growth from 2025 to 2026 to remain below the rate of inflation.The board declared an interim dividend of AU$0.20 per share, up from AU$0.18 a year earlier, payable May 27 to shareholders on record as of May 5.

ASX:BOQ

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