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Gorilla Gold Mines Identifies Further High-Grade Gold Mineralization at Western Australia Project

Gorilla Gold Mines (ASX:GG8) said it identified further high-grade gold mineralization during a recent drilling at the Diddy Kong prospect of its Comet Vale project in Western Australia, according to a Monday Australian bourse filing.The results were of up to four meters at 2.1g/t gold from 91 meters and eight meters at 3.2g/t gold from 14 meters.The company said mineralization at Diddy Kong is open along strike with associated soil anomalism extending for more than one kilometer, with an RC drill rig mobilizing to Comet Vale in May to follow up the shallow Diddy Kong, Magilla, and Donkey Kong discoveries.Drilling continues across all three Gorilla gold projects, with six drill rigs operating during the current month, targeting high-grade resource growth and new discoveries, it added.

ASX:GG8

Asia53d ago

Atlas Arteria Says Takeovers Panel Declines Interim Order to Block IFM Bidder's Statement

Atlas Arteria (ASX:ALX) said the Australian Takeovers Panel has declined its request for an interim order to restrain Diamond Infraco 1, a unit of IFM Global Infrastructure Fund, from dispatching its bidder's statement in its current form, pending the final determination of the panel proceedings, according to a Monday Australian bourse filing.The filing said the panel is still considering whether to conduct proceedings.Atlas Arteria's board recommended on May 6 that shareholders reject the unsolicited takeover offer from IFM, saying it materially undervalues the company, while also filing an application with the Takeovers Panel seeking to block IFM Global Infrastructure Fund from dispatching a bidder's statement related to its offer.

ASX:ALX

Asia53d ago

Ainsworth Game Technology Appoints CEO

Ainsworth Game Technology (ASX:AGI) appointed Ryan Comstock as chief executive, effective immediately, according to a Monday Australian bourse filing.Comstock had been serving as acting CEO since October 2025, the filing added.

ASX:AGI

Asia53d ago

ASX Preview: Australian Shares Set to Fall as Trump Rejects Iran Peace Bid; Dyno Nobel Posts Higher Fiscal H1 Adjusted Earnings, Lower Revenue

Australian shares are poised to fall on Monday after US President Donald Trump rejected Iran's peace proposal for ending the conflict, triggering a rise in oil prices and renewed fears over disrupted shipping through the Strait of Hormuz and escalating Middle East tensions.On May 8, the S&P 500 and the Nasdaq Composite rose 0.8% and 1.7%, respectively, while the Dow Jones Industrial Average remained flat.In the macroeconomy, Australia's building approvals report is due at 11:30 am Sydney time.In corporate news, Dyno Nobel (ASX:DNL) reported Monday fiscal first-half adjusted earnings of AU$0.089 per share on revenue of AU$1.9 billion, compared with adjusted earnings of AU$0.046 on revenue of AU$2.25 billion a year earlier.oOh!media (ASX:OML) received an unsolicited, non-binding takeover offer from I Squared Capital to acquire the company for AU$1.45 per share in cash via a scheme of arrangement.Australia's benchmark index fell 1.5% or 133.7 points to close at 8,744.40 on May 8.

ASX 200ASX:DNLASX:OML

Asia53d ago

Adisyn Strikes Agreement With Israeli Plastics Group to Produce Drone Components

Adisyn (ASX:AI1) unit 2D Radar Absorbers signed a memorandum of understanding with Israeli plastics group Raval A.C.S. to accelerate the production of graphene stealth components for drones, according to a Monday filing with the Australian bourse.The agreement involves cooperation on the research, development, and production of graphene-enhanced injection-molded parts for radar absorption in drones and unmanned aerial vehicles.The companies have agreed to a 12-month period to demonstrate "material technical progress" on the collaboration and an 18-month period to declare it commercially viable. If those terms are met, they plan to create a 50/50 joint venture to continue manufacturing the drone components.Under potential definitive agreements, 2D Radar will license its radar absorption technology to the JV on an exclusive basis in Israel only, in exchange for a royalty on the JV's gross revenue.

ASX:AI1

Asia53d ago

Dateline Resources Reports Pre-Tax NPV of $785 Million for California Project in Bankable Feasibility Study

Dateline Resources (ASX:DTR) said its bankable feasibility study (BFS) for its Colosseum gold and rare earth element project in California has returned a pre-tax net present value (NPV) of $785 million at a 5% discount rate and a pre-tax internal rate of return (IRR) of 49.5%, according to a Monday Australian bourse filing.The company said undiscounted pre-tax free cash flow is $1.08 billion, rising to $1.36 billion at spot prices, with start-up capital of $249 million, including $16 million in capitalized mining costs, plus a $25 million contingency.The project has a 10.4-year mine life producing 573,000 ounces of gold in total, with average annual gold production of 75,000 ounces over the first six years and peak gold sales of 102,000 ounces in year six, at an all-in sustaining cost (AISC) of $1,825 per ounce, the filing added.The project has a low 3:1 strip ratio supporting lower operating costs, with 55,000 ounces of inferred mineral resources within the pit shell not included in the ore reserve, with the additional underground potential in the northeast of the North Pit open at depth and subject to ongoing drilling, the filing added.

ASX:DTR

Asia53d ago

Elevra Lithium to Sell Ghana Lithium Project Stake to Zhejiang Huayou Cobalt

Elevra Lithium (ASX:ELV) agreed to sell its interest in the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt for around $71 million in cash before fees and taxes, according to a Monday Australian bourse filing.The deal transfers all of the company's project rights, including offtake rights, enabling it to withdraw from its funding commitments and streamline its portfolio to focus on North American assets, per the filing.The completion is expected in the first quarter of fiscal 2027, subject to regulatory approvals in Ghana.The proceeds from the transaction will strengthen the company's financial flexibility and support its growth initiatives, enhancing long-term shareholder value, the filing said.Huayou is also acquiring Atlantic Lithium's (ASX:A11) wider stake in the Ewoyaa Lithium Project through a separate scheme agreement worth about $210 million in cash, although Elevra's deal does not depend on this transaction, the filing added.

ASX:A11ASX:ELV

Asia53d ago

Metcash Expects Year-Over-Year Increase in Fiscal Year 2026 Revenue

Metcash (ASX:MTS) expects fiscal year 2026 revenue of AU$19.6 billion, up 0.7% from the previous year, according to a Monday filing with the Australian bourse.The company also expects fiscal year underlying profit after tax in the range of AU$268 million to AU$270 million.Metcash said ongoing cost initiatives are expected to yield at least around AU$25 million of annualized savings in fiscal year 2027.Additionally, the company has increased inventory levels as a precaution, even though it has not yet experienced any supply shortages due to the Middle East conflict.

ASX:MTS

Asia53d ago

Pantoro Gold Discovers High-Grade Mineralization at Western Australia Project

Pantoro Gold (ASX:PNR) said it has discovered broad high-grade mineralization at the Racetrack Target within the Mainfield of its Norseman Gold Project in Western Australia, according to a Monday Australian bourse filing.The results were up to 8 meters at 28.7 grams per tonne gold, including 1 meter at 189.8 grams per tonne gold.Wide-spaced drilling along the Racetrack trend has indicated a high-grade zone over a current strike of 400 meters, extending from near surface to 600 meters depth, the filing added.The high-grade zone remains open to the east and down dip, with multiple additional intercepts returned from associated splays and parallel structures, it added.

ASX:PNR

Asia53d ago

Greatland Resources Confirms Extension of Geological Structure, Layers at Western Australia Prospect

Greatland Resources (ASX:GGP) confirmed the extension of geological structures and layers at the Pinnacles prospect during step-out drilling at the West Dome Underground deposit Telfer operation in Western Australia, according to a Monday filing with the Australian bourse.Results include nearly 59 meters at 6.5 grams per tonne grade of gold and 0.1% copper, including 37 meters at 9.98 g/t grade of gold and 0.14% copper, and 34 meters at 1.1 g/t grade of gold, the filing said.Follow-up work includes wedge drilling to test mineralization along strike and down dip and planning for drilling between Pinnacles and the deposit, and extension drilling further south of Pinnacles, per the filing.

ASX:GGP

Asia53d ago

Alicanto Minerals Taps Former Liontown Resources Executive as CFO

Alicanto Minerals (ASX:AQI) appointed Graeme Pettit as chief financial officer, according to a Monday filing with the Australian bourse.Pettit, who is expected to succeed Susan Field before June 30, recently served as interim CFO at Liontown Resources (ASX:LTR).

ASX:AQIASX:LTR

Asia53d ago

Strike Energy Appoints CEO, Chair

Strike Energy (ASX:STX) appointed Shelley Robertson as new chief executive, effective June 1, according to a Monday Australian bourse filing.Robertson will succeed Peter Stokes as CEO, who has resigned with immediate effect, per the filing.John Poynton will retire as the company's non-executive chair on June 30, and Nev Power, currently deputy chair, will assume the role from July 1, the filing added.

ASX:STX

Research53d ago

Research Alert: Sony Group: Solid Fy 26 Operating Income; Gaming Segment To Lead Fy 27 Growth

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Sony's FY 26 (Mar.) EPADS from continuing operations fell 2.4% Y/Y to JPY171.44, slightly below our expectation, with softer margins and one-off charges offsetting solid contributions from Imaging & Sensing Solutions (I&SS) and Music. Continuing operations operating income rose 13% Y/Y, with margin up 1.0%-pt to 11.6%, helped by gains from the Financial Services spin-off. Revenue increased 3.7% Y/Y. For FY 27, Sony guided for operating income of JPY1.60T (+11% Y/Y) and a 13.0% margin, with growth supported by Game & Network Services (G&NS), Pictures, and I&SS, partly offset by normalization in Music. Sony kept its FY 24-FY 27 operating income CAGR target of 16% but flagged memory pricing and macroeconomic uncertainty. FY 27 guidance calls for G&NS operating income of +30% Y/Y (on higher first-party software sales and the absence of impairment losses) and I&SS of +12% Y/Y (on restructuring benefits, lower R&D expenses, and stronger digital camera sensor sales), with a further margin expansion.

$SONY

Asia53d ago

Inghams Group Maintains Fiscal Year 2026 Guidance Amid Cost Pressures

Inghams Group (ASX:ING) reaffirmed its fiscal 2026 guidance for underlying earnings before interest, taxes, depreciation, and amortization of AU$180 million to AU$200 million, according to a Monday filing with the Australian bourse.The Middle East conflict has caused material increases in key cost categories, and the poultry products producer expects higher observed feed costs in the fiscal year 2027, per the filing.The company said it expects a fiscal year 2026 net impact of AU$7 million to AU$10 million from higher diesel fuel costs flowing through via fuel levies from its transport providers."Packaging cost increases are beginning to emerge, and we are implementing mitigation strategies to manage these to the fullest extent possible," Inghams Group said.

ASX:ING

Asia53d ago

Dyno Nobel Posts Higher Fiscal H1 Adjusted Earnings, Lower Revenue

Dyno Nobel (ASX:DNL) reported Monday fiscal first-half earnings of AU$0.089 per share, excluding individually material items, up from AU$0.046 a year earlier.Analysts polled by FactSet expected earnings of AU$0.07.Revenue from ordinary activities for the six months ended March 31 was AU$1.9 billion, compared with AU$2.25 billion a year earlier. Analysts surveyed by FactSet expected AU$1.78 billion.The company maintained its fiscal 2026 earnings before interest and taxes guidance at around AU$460 million to AU$500 million while lowering capital expenditure guidance to AU$250 million to AU$300 million due to the deferral of some growth-related spending into fiscal 2027.The board declared an interim dividend of AU$0.046 per share, up from AU$0.024 a year earlier, payable July 2 to shareholders on record as of June 15.

ASX:DNL

Asia53d ago

oOh!media Receives AU$1.45 per Share Takeover Proposal From I Squared Capital

oOh!media (ASX:OML) received an unsolicited, non-binding takeover offer from I Squared Capital to acquire the company for AU$1.45 per share in cash via a scheme of arrangement, according to a Monday filing with the Australian bourse.The company received a proposal in April to be acquired by Pacific Equity Partners for AU$1.40 per share in cash.oOh!media said its board "considered both proposals in conjunction with its advisers and has unanimously determined that neither proposal adequately reflects the intrinsic value of oOh!."However, it is willing to grant both interested parties access to a limited amount of due diligence information to allow them to consider revised proposals, subject to their entry into non-disclosure agreements.The engagement with I Squared and Pacific Equity is preliminary in nature, the company said, adding that it is also in talks with certain other parties on potential change-of-control proposals.Additionally, oOh!media has paused its on-market share buyback program, per the filing.

ASX:OML

International53d ago

Westpac Expects Slower Normalization to Strait of Hormuz Shipping Flows

Shipping flows through the Strait of Hormuz are now expected to reach around 10% to 15% of pre-conflict levels through June, with a return to normal flows unlikely to materialize until mid-2027, Westpac said in a market outlook report published May 8.That compares with a previous forecast published in March for flows to hit around 20% of pre-conflict levels in May and June before recovering to normal by the close of this year."Our assumption of a more sustained period of disruption to shipping through the Strait means it will take longer for smaller Gulf producers, including Kuwait, that have faced some production 'shut ins' due to storage capacity constraints, to return to normal," the bank said.Due to continued uncertainty over a resolution to the conflict, global monetary and fiscal arms are incorporating higher inflation, lower growth, and weaker labor markets into baseline forecasts. Central banks are navigating the crisis with extreme caution and finding it increasingly difficult to balance inflation and growth risks, according to the report.Westpac said it continues to expect two additional rate hikes from the Australian central bank this year, but with a slightly later timing in August and September.The bank also expects a rate hike in New Zealand in September as higher fuel prices will result in a sharp lift to consumer price index inflation over the coming months.

ASX 200^NZ50

Asia53d ago

Santana Minerals Clarifies Land Settlement Timing for South Island Gold Project

Santana Minerals (NZE:SMI, ASX:SMI) clarified that the settlement of the 3,680 hectares of land for its Bendigo-Ophir Project in South Island is required by the earlier of June 30, 2030, or 12 months after receiving all mining approvals, correcting its earlier statement that cited a Dec. 31 deadline, according to a Monday filing with the Australian and New Zealand bourses.The company's Kiwi shares were up almost 1% in recent Monday trade.

ASX:SMINZE:SMI

Asia53d ago

Chorus Website Shows Internet Outages in New Zealand

Chorus' (NZE:CNU, ASX:CNU) website showed internet outages impacting parts of New Zealand early on Monday, concentrated in and around the Auckland area.Technical teams are working to resolve the loss of broadband services in Auckland but the company is currently unable to provide a timeframe for resolution, according to the website.Certain outages, including in Timaru and parts of the North Island, are expected to be resolved by Tuesday afternoon, the website showed.

ASX:CNUNZE:CNU

Asia53d ago

Pacific Edge Launches NZ$24 Million Capital Raise

Pacific Edge (ASX:PEB, NZE:PEB) launched a capital raising of up to NZ$24 million comprising an NZ$18 million institutional placement and a NZ$6 million retail offer at NZ$0.17 per share, according to a Monday filing with the Australian and New Zealand bourses.The offer price reflects a 2% discount to the stock's five-day volume-weighted average price.The capital raising is intended to provide the company with the resources needed to restore Medicare coverage, secure reimbursement for its tests, and support the company's growth strategy, per the filing.The company reported unaudited fiscal 2026 revenue of NZ$11.5 million, down from NZ$21.8 million in fiscal 2025 after Medicare ended reimbursement coverage of Cxbladder, reducing US testing volumes and increasing net loss to NZ$35.7 million compared with NZ$29.9 million in the prior year, the filing said.The company said it expects an update from the Medicare administrative contractor Novitas before September, including a draft local coverage determination that may restore coverage for Cxbladder Triage tests and enhance revenue potential and commercial payer adoption.

ASX:PEBNZE:PEB

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