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                        <id>http://newswires.com.au/feed</id>
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                                <title><![CDATA[ASX Small Cap Newswires Feed]]></title>
                                <description></description>
                                <language></language>
                                <updated>Tue, 12 May 2026 05:00:00 +1000</updated>
                        <entry>
            <title><![CDATA[Let&#039;s have a look at the latest drone company looking to list on the ASX]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/lets-have-a-look-at-the-latest-drone-company-looking-to-list-on-the-asx-20260512" />
            <id>https://newswires.com.au/139735</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Western Australia-based drone technology company Boresight Ltd (ASX: BST) is looking to raise $8 million ahead of a listing on the ASX next month. 



Drone targets the differentiator



The company said in its prospectus lodged with the ASX that it was incorporated in 2020, "with the purpose to provide low-cost aerial drone targets to service western and allied militaries as they tackle how to respond to the rapidly changing battlespace''.



The company said further: 




Military customers require a cost-effective and reliable way to evaluate counter drone technologies. Once these capabilities are deployed, they must develop effective tactics, techniques and procedures (TTP's) for their use, and undertake continuous training to ensure that personnel are properly trained, and maintain those skills, throughout the life of the technology. To achieve this, customers require low-cost, disposable training drones (targets) â and lots of them. Boresight was created to meet that need.




The company said it provides target drones which emulate real-world threats, "in a reliable and repeatable manner, at a price point that supports live-fire, testing, destructive evaluation and training without placing undue pressure on defence budgets''.



The company said:




Considerable investment has been made into the optimisation of the manufacture of the target drones, allowing easy scaling of the manufacturing process to meet demand. More recently, Boresight also expanded into ISR Drones (also known as 'camera drones'), which are designed specifically as cost-effective camera drones designed for missions where a live video feed from the drone is required.




Boresight said it had sold more than 6,000 drones to customers globally since its launch and had offices in the US, the United Kingdom, and Australia. 



The company has sold drones to 15 militaries across 12 countries, "and has recently commenced low-rate manufacturing in the United States to support local customers''....]]>
            </summary>
                                    <updated>Tue, 12 May 2026 05:00:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Mortgage broker Australian Finance Group swoops on Perth’s Capita Finance]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/mortgage-broker-australian-finance-group-swoops-on-perths-capita-finance-20260511" />
            <id>https://newswires.com.au/139734</id>
            <author>
                <name> <![CDATA[thewest.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[The near $550 million national group has bought a minority stake in the Perth-based brokerage, adding to other equity investments taken in businesses in WA, Victoria, NSW and Queensland since 2024.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 19:44:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[88 Energy caps Namibian position as oil and gas basin hype builds]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/88-energy-caps-namibian-position-as-oil-and-gas-basin-hype-builds-20260511" />
            <id>https://newswires.com.au/139733</id>
            <author>
                <name> <![CDATA[thewest.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[88 Energy has locked in an unconditional 20 per cent stake in its Namibian oil and gas play, cutting future commitments by US$15M as nearby drilling strengthens confidence in the Damara Fold Belt play.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 18:25:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[ASX 200 Ends Lower as CSL Shock Rattles Market Mood]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/asx-200-ends-lower-as-csl-shock-rattles-market-mood-20260511" />
            <id>https://newswires.com.au/139729</id>
            <author>
                <name> <![CDATA[kalkinemedia.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Highlights


Healthcare slump weighed heavily on the broader market


Energy and mining shares attracted renewed attention


Investors tracked global inflation and oil market tensions



The [ASX 200] moved lower after a sharp decline in healthcare heavyweight CSL unsettled market sentiment, while energy, mining, and lithium stocks offered support amid global commodity concerns.
Market Ends Lower as Healthcare Sector Faces Heavy Pressure
Australian equities closed the session on a weaker note as investors reacted to renewed geopolitical uncertainty, rising oil prices, and a major downgrade from healthcare giant CSL Holdings (ASX:CSL). The broader weakness dragged sentiment across the local market, even as selected commodity-linked sectors remained resilient.
The local share market experienced pressure after concerns surrounding the Middle East resurfaced, driving fresh volatility across global energy markets. Oil prices strengthened sharply during the session, lifting energy producers and resource-focused companies, while healthcare shares moved in the opposite direction.
Despite the softer finish, market breadth across the broader [ASX 300] remained relatively balanced, reflecting selective buying interest in mining, uranium, and lithium-linked counters.
CSL Decline Dominates Investor Attention
The major talking point of the trading session was the steep decline in CSL Holdings (ASX:CSL), which weighed heavily on the healthcare sector and broader benchmark indices.
The biotechnology giant issued another earnings downgrade, raising concerns about slowing international sales momentum, pricing challenges, and weaker growth across key business divisions. The update triggered a significant decline in investor confidence and pushed the stock to levels not seen for years.
The latest development renewed debate across the market about valuation pressures facing large-cap defensive healthcare stocks. Many investors had viewed the company as a relatively...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 17:54:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Lodestar identifies five new targets at Los Loros ahead of drilling]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/lodestar-identifies-five-new-targets-at-los-loros-ahead-of-drilling-20260511" />
            <id>https://newswires.com.au/139732</id>
            <author>
                <name> <![CDATA[mining.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Coraline Blaud, CEO and Executive Director of Lodestar Minerals  (ASX:LSR), shares the latest from the Los Loros and Three Saints projects in northern Chile’s Porphyry-IOCG belt.



Key topics discussed:





Geophysics: Induced Polarization (IP) and Magnetotelluric (MT) surveys completed at Los Loros.




Targets: Five new areas identified and validated.




Drilling: Updates from Los Loros and Three Saints.

About the guest and company:Coraline Blaud brings extensive expertise to Lodestar Minerals, an Australian exploration and development company focused on gold and copper discoveries. Lodestar’s core mission is to advance its US, Western Australian, and Chilean exploration projects and unlock new resource potential.



Watch the full interview for more on Lodestar’s fieldwork in Chile.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 17:30:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[ASX 200 Stocks Slides as CSL Shock Lifts Pressure on Market Mood]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/asx-200-stocks-slides-as-csl-shock-lifts-pressure-on-market-mood-20260511" />
            <id>https://newswires.com.au/139730</id>
            <author>
                <name> <![CDATA[kalkinemedia.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Highlights


Healthcare weakness dragged broader market sentiment lower


Energy shares gained support from stronger oil trends


Mining counters helped steady the local benchmark



The Australian share market faced renewed pressure as healthcare stocks led a broad decline, while energy and mining companies offered stability amid stronger commodity sentiment.
Healthcare Rout Pushes Market Lower
The Australian share market closed under pressure as heavy losses across the healthcare sector weighed on investor sentiment throughout the session. The benchmark [ASX 200] moved lower after one of the market’s largest healthcare names, CSL Limited (ASX:CSL), triggered widespread caution following another downgrade-related market update.
The sharp move in CSL reshaped the tone of trading across the broader market and placed additional strain on major indices including [ASX 100] and [ASX 300]. Investors shifted attention toward defensive positioning as uncertainty spread across healthcare and financial counters.
Market participants closely watched developments across large-cap healthcare companies as concerns around earnings outlook and impairment-related updates intensified selling pressure. The weakness in healthcare became one of the key themes driving the session.
At the same time, traders also monitored movements across ASX dividend stocks, particularly as investors looked for relatively stable sectors during a volatile trading day.
CSL Shockwave Ripples Across the Market
Investor Sentiment Weakens
CSL became the central focus of the trading session after the company announced another impairment-linked update tied to its business review process. The development triggered a sharp reaction across the market and intensified pressure on the healthcare sector.
The stock witnessed heavy volatility during the day as investors reassessed growth expectations and the broader earnings environment for healthcare businesses. The weakness extended beyond CSL and...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 17:06:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Federal Budget 2026: Anthony Albanese forced to defend breaking election promises on housing taxes]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/federal-budget-2026-anthony-albanese-forced-to-defend-breaking-election-promises-on-housing-taxes-20260511" />
            <id>https://newswires.com.au/139731</id>
            <author>
                <name> <![CDATA[thewest.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Anthony Albanese has forced to defend a furore over broken election promises as he and Treasurer Jim Chalmers scramble to fix the housing crisis by cutting back property investor tax lurks.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 17:00:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Here are the top 10 ASX 200 shares today]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/here-are-the-top-10-asx-200-shares-today-20260511" />
            <id>https://newswires.com.au/139726</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[The S&amp;P/ASX 200 Index (ASX: XJO) had a tough start to the trading week this Monday, along with many ASX shares. After ending the week on a sour note last week, investors clearly didn't regain any confidence over the weekend.
The ASX 200 spent today's entire session in red territory and ended up closing down 0.49%. That leaves the index at 8,701.8 points.
This rough start to trading this week for Australian investors comes after a more positive end to the American week on Friday night (our time).
The Dow Jones Industrial Average Index (DJX: .DJI) barely broke even, inching just 0.025% higher.
The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was far more confident, though, rising a happy 1.71%.
But let's get back to this week and the local markets now for a look at what was happening with the different ASX sectors today.
Winners and losers
































Despite the market's drop, we still had a few sectors that managed to move higher today.
But first, it was healthcare stocks that bore the brunt of investors' displeasure this Monday. The S&amp;P/ASX 200 Healthcare Index (ASX: XHJ) had a hrorid 6.47% wiped from it today. Thank CSL Ltd (ASX: CSL)'s brutal sell-off for this, which we checked out earlier.

Gold shares were torched too, with the All Ordinaries Gold Index (ASX: XGD) slumping 1.27%.
Financial stocks were also hit hard. The S&amp;P/ASX 200 Financials Index (ASX: XFJ) ended up tanking 0.74%.
Industrial shares weren't in favour either, evident by the S&amp;P/ASX 200 Industrials Index (ASX: XNJ)'s 0.45% dive.
Nor were utilities stocks. The S&amp;P/ASX 200 Utilities Index (ASX: XUJ) suffered a 0.3% swing against it this session.
Consumer discretionary shares came next, with the S&amp;P/ASX 200 Consumer Discretionary Index (ASX: XDJ) dipping 0.21%.
Tech stocks were also overlooked. The S&amp;P/ASX 200 Information Technology Index (ASX: XIJ) had drifted 0.15% lower by the end of trading.
Communications shares were just behind that, illust...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 16:57:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Closing Bell: CSL investors lose lunch (and arvo tea) as energy stocks bolster ASX]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/closing-bell-csl-investors-lose-lunch-and-arvo-tea-as-energy-stocks-bolster-asx-20260511" />
            <id>https://newswires.com.au/139723</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[
ASX 200 slides as CSL cops an absolute beating
Healthcare poleaxed while banks also drag on the benchmark
Energy and selected mining stocks offer relief as oil prices surge again

 
It may be International Eat What You Want Day (an ‘observance’ this columnist actually routinely ‘observes’) … but the dish served up by the S&amp;P/ASX 200 was, on the whole, far from palatable today.
The index slopped to a 0.49% loss by the time the closing bell clanged in Martin Place.
What looked (more than) a bit off, then? CSL mainly, resembling pretty early in the day something even a Taco Bell customer might’ve sent back to the kitchen in complaint.
Australia’s leading healthcare stock was absolutely poleaxed, as Eddy and Tim both covered around lunch time today, while the rest of us scoffed lunch – maybe even exactly what we wanted. (Pepperoni pizza it was, then.)
 
Movers and shakeouts
Biotech heavyweight CSL (ASX:CSL) plunged more than 15% by the day’s end after delivering another profit warning, with the stock “wiping out a decade of gains” according to the ABC’s reporting today. At one point CSL plunged about 20% today, in a decade low for the stock.
In a 90-day review, CSL told the market it would take another $US5bn ($A6.9bn) non-cash impairment. The first $1.5bn of this was recognised during the first-half results.
And didn’t investors just love that. It’s enough to drive CSL holders straight to the fridge for comfort food (see above) or a stiff drink or several. Good thing it’s STILL World Cocktail Week, then. (Rum for your Life? Whisky Business? Or maybe just a good ol’ Bloody Mary is most appropriate today).
The collapse smashed the healthcare sector broadly and weighed heavily on the benchmark given CSL’s sheer size in the index.
But the banks also struggled, with ANZ Group Holdings (ASX:ANZ) falling sharply ex-dividend and the other majors drifting lower alongside Macquarie Group (ASX:MQG).
Energy stocks, however, found support as oil prices surged after “fresh tens...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 16:56:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Resources Top 5: Chilean project strikes a chord with FMR; WA in tune for Pure and Rincon]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/resources-top-5-chilean-project-strikes-a-chord-with-fmr-wa-in-tune-for-pure-and-rincon-20260511" />
            <id>https://newswires.com.au/139724</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[
FMR Resources consolidates Los Lorena copper-gold project in Chile
Rincon surveying finds new target below Hasties gold-copper zone
Solstice drilling intersects visible chalcopyrite, extends Nanadie system

 
Your standout small cap resources stocks for Monday, May 11, 2026.
FMR Resources (ASX:FMR)
FMR has signed conditional agreements that consolidate a number of key mining concessions and contiguous exploration concession applications into the wholly-owned La Lorena project in a highly prospective copper-gold belt in Chile.
The 9km by 6km La Lorena project sits in a highly fertile Eocene-aged magmatic belt that hosts numerous major porphyry copper deposits including the world-class Escondida deposit.
It is ~30km northeast of the company’s Llahuin project joint venture.
Previous small-scale mining at the La Martuca, Los Morados and Esperanza prospects confirmed that copper and gold-bearing hydrothermal systems are present, which means the company is not going in blind.
To top it off, first-pass underground rock chip sampling carried out by the company returned up to 4.11% Cu at La Martuca and 2.42% Cu at Los Morados.
Exploration such as geological mapping, surface sampling and geophysical surveys is underway to fast track towards an initial drilling program in Q4 2026.
La Lorena has never been tested with modern exploration methodology despite favourable regional architecture, known mineralisation and extensive untested ground making it a compelling exploration opportunity.
 

 
Pure Resources (ASX:PR1)
Pure Resources has formalised a Defence Materials Platform Strategy aligned with US and AUKUS defence supply chains that are anchored by its Garnet Hill hard rock garnet project in Western Australia.
The project is being built as a multi-critical minerals platform that captures value across the premium andradite garnet, large to jumbo flake graphite and heavy rare earth element streams.
It has formed a strategic partnership with UT Battelle – the facility managemen...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 16:36:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Variscan Mines raises $5M to fund drilling at Spanish zinc project as new results unveiled]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/variscan-mines-raises-5m-to-fund-drilling-at-spanish-zinc-project-as-new-results-unveiled-20260511" />
            <id>https://newswires.com.au/139727</id>
            <author>
                <name> <![CDATA[themarketonline.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Two-tranche placement to institutional and sophisticated investors



Funds to unlock future scale potential at Novales-Udias project



High-conviction investment specialist joint lead manager for raising



Previously unreported assay results from historical underground drilling released




Variscan Mines (ASX:VAR) has received firm commitments for a two-tranche placement of new shares to investors to raise $5 million to support activities at its zinc development projects in Spain.



Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.



At the same time the company has obtained previously unreported assay results from historical underground drilling and face sampling at the former producing Emilia and Margarita mines, situated within the Novales-Udias project.



“We are very pleased with the support received from high quality institutional and sophisticated investors which will enable Variscan to undertake meaningful exploration at our high-quality zinc development projects in Spain,” chairman, Tony Wehby, said.



“We look forward to using the funds raised to continue to advance the Novales-Udias project towards re- tarting production. Key deliverables will be drilling results and an updated mineral resource estimate.



“The board welcomes the support we have received from our existing shareholders and welcomes new shareholders to the company.”



The funds received are to be utilised for targeted drilling across the Novales-Udias project to expand the mineral resource base and unlock future scale potential.



The company is also targeting completion of metallurgical and engineering workstreams.



Subject to shareholder approval, directors have indicated their intention to participate in the placement with a substantive contribution from Tom Kent of $0.5 million.



Meanwhile, study data from historical underground drilling and face sampling from the Emili...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 16:24:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[An easy way to value ZIP and MQG shares]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/an-easy-way-to-value-zip-and-mqg-shares-20260511" />
            <id>https://newswires.com.au/139728</id>
            <author>
                <name> <![CDATA[raskmedia.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Zip Co Ltd (ASX:ZIP) share price has fallen 22.4% since the start of 2025. The Macquarie Group Ltd (ASX:MQG) share price is about 27.4% above its 52-week low.
ZIP share price in focus
Zip Co is a ‘fintech’ company founded in 2013. It offers a buy-now-pay-later (BNPL) service that is popular among retail consumers.
Zip’s platform allows customers to purchase items immediately and repay them over several interest-free instalments. 
Like most BNPL companies, Zip makes money through transaction fees paid by the business, as well as late fees charged to customers who miss payments.
MQG shares
Macquarie Group is a multinational investment bank and financial services company that was founded in 1969.
Macquarie’s operations are a bit different to the rest of the big Australian banks. While it does have a normal banking division, it is also an asset management company with investment operations spanning infrastructure, commodities, agriculture, real estate, and global equity markets.
Macquarie prides itself on delivering consistent value to shareholders, with a more than 55-year record of unbroken profitability.
ZIP &amp; MQG share price valuation
As a growth company, one way to put a broad projection on the ZIP share price could be to compare its price-to-sales multiple over time. This can tell us how the company has historically been valued relative to its total revenue.
Currently, Zip Co Ltd shares have a price-sales ratio of 3.76x, compared to its 5-year average of 5.81x, meaning its shares are trading lower than their historical average. This could mean that the share price has fallen, or sales have increased, or both. In the case of ZIP, revenue has been growing over the last 3 years. Of course, context is important – and this is just one valuation technique. Investment decisions can’t just be based on one metric, but this can be a rough starting point.
Since MQG is more of a ‘blue chip’ company, we could look at its dividend yield to determine its value. If we com...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 16:24:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Budget negative gearing changes could force changes in rental property ownership]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/budget-negative-gearing-changes-could-force-changes-in-rental-property-ownership-20260511" />
            <id>https://newswires.com.au/139725</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[A mass exit of mum-and-dad investors looks set to hit the residential property market as the government prepares to terminate negative gearing tax breaks for existing properties.
But who will replace them?
Property experts have raised the prospect that major institutional investors – similar to the giant corporate landlords now in place across the US – will move into the local market.
They argue corporate investors will be attracted to rising rental returns set to be unleashed in residential property as retail investors flee the space.
The switch from mum-and-dad landlords to institutional landlords would have major repercussions, changing the nature of the rental market dramatically – and not necessarily for the better.
This week’s federal budget is expected to remove negative gearing arrangements on existing properties.
Established homes are by far the most popular choice among mum-and-dad investors, representing an estimated two-thirds of investment properties.
In contrast, investment in new property is expected to be exempt from the planned changes.
In raw numbers, the change is set to impact about 700,000 everyday investors.
There are an estimated 1.1 million investors across the market who are negatively geared, with an estimated two-thirds of that number in established homes.
Negatively geared property investors can claim losses relating to an investment property as a tax deduction.
The tax concession has allowed many investors to make the numbers work on property investment despite mixed returns in recent years.
 
More emphasis on rental yield
Property advisers suggest tax-focused investors will now concentrate more heavily on rental yield than capital gain in the residential market, a reversal of the current trend where capital gain is crucial and yield remains modest, especially in metropolitan markets.
Maple Investment Group founder Beau Arfi said if the rules were changed, investors would not stop looking for leverage or yield.
“They will start looking h...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 16:02:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[ASX 200 Defence Shares Back in Focus Amid Global Tensions]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/asx-200-defence-shares-back-in-focus-amid-global-tensions-20260511" />
            <id>https://newswires.com.au/139714</id>
            <author>
                <name> <![CDATA[kalkinemedia.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Highlights

Defence technology shares regained market attention.
Naval and drone-related companies strengthened momentum.
Global security spending themes continued supporting sentiment.


Australian defence shares gained momentum as geopolitical tensions revived interest in drone systems, naval infrastructure and advanced manufacturing technologies linked to long-term global security trends.
The Australian defence sector returned to centre stage after renewed geopolitical tensions in the Middle East unsettled the broader ASX 200. Concerns surrounding shipping routes, naval security and military readiness pushed defence-linked companies higher as traders looked towards businesses connected to drone systems, shipbuilding and advanced manufacturing technologies. The latest developments also added another layer of momentum to the wider ASX stock market, where defence and industrial technology names have increasingly become part of long-term thematic discussions.
The current environment is not solely about immediate geopolitical headlines. Rising global defence budgets, increased maritime protection initiatives and growing adoption of autonomous systems are all supporting a broader structural trend. Several Australian-listed companies are now positioned within supply chains linked to international defence projects, advanced surveillance systems and naval manufacturing programs.
Against this backdrop, four defence-focused ASX companies entered the new trading week with fresh operational developments attracting market attention.
What is driving renewed attention towards defence shares?
Defence shares often attract stronger market interest during periods of geopolitical uncertainty, particularly when global governments prioritise military capability upgrades and national security spending. The latest developments around the Strait of Hormuz and broader Middle East tensions renewed concerns around energy security, naval protection and cross-border conflict manage...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 15:54:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[ASX 100 Market Movement and Australian Equity Company Developments]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/asx-100-market-movement-and-australian-equity-company-developments-20260511" />
            <id>https://newswires.com.au/139715</id>
            <author>
                <name> <![CDATA[kalkinemedia.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Highlights


Lottery Corporation Ltd and Sigma Healthcare Ltd remained in focus across the Australian equity landscape during the latest market session.


Activity across consumer discretionary and healthcare counters continued to attract attention within the broader Australian exchange environment.


Market movement across several companies reflected changing brokerage coverage across the Australian corporate segment.



Australian consumer discretionary and healthcare companies remained active across benchmark exchange groups as brokerage revisions and sector developments shaped market discussion throughout Australia.
Consumer discretionary and healthcare businesses continued to remain active across the Asx Two Hundred segment as Australian corporate developments shaped trading sentiment throughout the broader ASX stock market. Several companies connected with retail participation, pharmacy distribution, and diversified business operations attracted fresh market attention as brokerage firms revised their market stance during the latest week.
Lottery Corporation Ltd (ASX:TLC) remained among the closely followed consumer discretionary entities within the Australian exchange landscape. Sigma Healthcare Ltd (ASX:SIG) also remained under market focus as healthcare distribution businesses continued to experience heightened public and institutional attention across the domestic exchange environment. Broader company movement also aligned with ongoing developments surrounding the [ASX 100] and the All Ordinaries segment.
Australian equity activity reflected movement across several sectors connected with consumer participation, healthcare operations, industrial services, and financial market engagement. Corporate announcements and brokerage revisions frequently shape public discussion surrounding listed entities, particularly within heavily monitored benchmark groups linked with large capitalisation businesses.
Within the Australian exchange environment, co...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 15:50:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Zenith bags missing link to unite 6km WA gold corridor]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/zenith-bags-missing-link-to-unite-6km-wa-gold-corridor-20260511" />
            <id>https://newswires.com.au/139719</id>
            <author>
                <name> <![CDATA[thewest.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Zenith Minerals has secured the final piece of its Dulcie gold puzzle, consolidating a 6km mineralised corridor in WA ahead of a major 5000m drill blitz and a strategic review of its project portfolio.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 15:50:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Budget Watch: We’re all George Costanza now]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/budget-watch-were-all-george-costanza-now-20260511" />
            <id>https://newswires.com.au/139718</id>
            <author>
                <name> <![CDATA[daily.fattail.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[
The Australian government budget will be released at 7:30pm tomorrow.
And it will likely have major implications for investment taxation in Australia.
Right now, you might be feeling a bit like George Costanza — I certainly do.
Remember this scene from Seinfeld where George Costanza lays out the root cause of all his problems?

Source: TVGag
[Click to open in a new window]
I certainly expect major changes to the budget that are actively hostile to risk capital (small-caps and micro-caps) and aspirational people, both young and old.
The old and asset-rich will get soaked, while the young and asset-poor — well naturally, their taxes will largely remain the same.
Such is the concept of intergenerational equity.
There appear to be few carrots in Jim Chalmers’ budget toolkit — it’s pretty much all sticks.
The Australian Financial Review released this chart tracking proposed elements of the budget in coverage this morning:

Source: Australian Financial Review
[Click to open in a new window]
The budget will, of course, do limited “budgeting”.
Instead, I expect it to increase the burden of debt on future generations.
This budget will be the product of a “brains trust” that includes:

A Finance Minister who does not understand the difference between net and gross savings and;
A Treasurer that has a PhD in political science and a Wikipedia page that does not list any private sector experience of any type.

People of my age (35) and younger will have to pay for decades of government profligacy at federal, state and local levels in an economy that is likely automated, job-scarce and dominated by AI.
But it gets better-worse…
The government is already considering reaching into the superannuation cookie jar by directing it to do things other than maximise returns:

Source: Australian Financial Review
[Click to open in a new window]
So yeah, it’s pretty grim out there…
But maybe not here?
On Thursday, I’m off to a prominent invite-only investment conference in the Victorian count...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 15:45:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Larvotto to cook up a storm at Curry’s Block after historical review]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/larvotto-to-cook-up-a-storm-at-currys-block-after-historical-review-20260511" />
            <id>https://newswires.com.au/139722</id>
            <author>
                <name> <![CDATA[mining.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Larvotto Resources (ASX:LRV) has identified the Curry’s Block prospect, located 4.5km from the Hillgrove Processing Plant, to host extensive ‘high-grade’ gold-antimony-tungsten mineralisation over a 1km strike length.



This discovery comes as the company conducts a project-wide review of tungsten and critical minerals potential for the Hillgrove Antimony-Gold Project in New South Wales.



Historical results include 5m @ 11.8 grams per tonne gold equivalent from 144m, including 2.9m @ 19.5g/t gold equivalent from 144m and 5m @ 5.7g/t gold equivalent from 27m, including 0.5m @ 44.65g/t gold equivalent from 27.6m.



Tungsten mineralisation associated with the antimony-gold lodes include 5m @ 0.38% tungsten trioxide from 144m; 1.9m @ 0.35% tungsten trioxide from 34.6m; and 0.2m @ 1.4% tungsten trioxide from 13.9m. Lodes remain open at depth and along strike.



Managing Director Ron Heeks says the review of historical drilling conducted by Red River Resources (ASX:RVR) at Curry’s Block between 2019 and 2021 indicates a “compelling and underexplored gold-tungsten opportunity” for the company.



“The results define a coherent, high-grade tungsten system with associated gold and antimony that remains open at depth and along strike,” Heeks says. 



“With limited follow up completed to date, Curry’s Block represents a highly attractive near-mine growth opportunity. 



“As tungsten is increasingly recognised as a critical metal amid tightening global supply, it is trading at record high prices. 



“The Curry’s prospect offers Larvotto exposure to another strategically important commodity within the Hillgrove Project.”



The company intends to begin drilling at the prospect shortly. Maiden drilling at Curry’s began in 2020 across seven holes for 776.4m.



Larvotto Resources is an Australian explorer focused on developing its Hillgrove Project in New South Wales into production.



Write to Maddison Elliott at Mining.com.au



Images: Larvotto Resources]]>
            </summary>
                                    <updated>Mon, 11 May 2026 15:33:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Agricultural Leasing Momentum Around Rural Funds Within ASX 300 Investment]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/agricultural-leasing-momentum-around-rural-funds-within-asx-300-investment-20260511" />
            <id>https://newswires.com.au/139716</id>
            <author>
                <name> <![CDATA[kalkinemedia.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Highlights

Rural Funds Group operates across diversified Australian agricultural assets including orchards, cattle, vineyards, and grains
Extended leasing arrangements support recurring rental income from established agricultural operators
Farm development activity across macadamia assets continues to expand the company’s agricultural footprint


Rural Funds Group maintains diversified exposure across Australian farmland assets through leasing arrangements tied to orchards, cattle operations, vineyards, and grain infrastructure.
Australia’s agricultural sector remains closely connected with the broader ASX stock market, particularly through farmland ownership and leasing activity tied to orchard estates, cattle properties, grain operations, and vineyard infrastructure. Agricultural real estate entities continue to occupy a distinct position beside industrial firms, infrastructure groups, and ASX mining stocks, largely due to the essential role of farming assets within the national economy. Rural property ownership, irrigation systems, orchard estates, and livestock facilities continue to shape investor attention across agricultural investment categories listed on the Australian Securities Exchange.
Rural Funds Group (ASX:RFF) operates within this agricultural property segment through ownership and leasing of diversified farming assets located across several Australian regions. The company maintains exposure to almonds, macadamias, cattle operations, vineyards, and grain-related infrastructure while working alongside established agricultural operators. Rather than directly managing broad-scale farming production, the business structure centres on leasing arrangements connected with agricultural tenants across multiple farming categories. This framework places emphasis on recurring rental receipts connected with operational farmland activity throughout Australia’s rural economy.
Agricultural Assets Continue Expanding Across Diverse Farming Categories
Farml...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 15:28:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Bioxyne expands LATAM medicinal cannabis footprint with Costa Rica agreement]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/bioxyne-expands-latam-medicinal-cannabis-footprint-with-costa-rica-agreement-20260511" />
            <id>https://newswires.com.au/139721</id>
            <author>
                <name> <![CDATA[themarketonline.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[First supply agreement for medicinal cannabis flower to Costa Rica



Expanded supply agreement to supply three Dr Watson cannabis flower stock keeping units



Represents first international supply of medicinal cannabis flower in Costa Rica



Initial shipment to be made prior to 30 June 2026




Australian pharmaceutical company Bioxyne (ASX: BXN) has signed an agreement for the first international supply of medicinal cannabis flower into Costa Rica’s regulated market.



Through wholly-owned subsidiary Breathe Life Sciences (BLS), the company has executed an expanded supply agreement with Remidose LATAM SRL to include the supply of three Dr Watson cannabis flower SKUs to Costa Rica.



CEO, Sam Watson, said the expansion of an initial December 2025 agreement to include cannabis flower, highlights strong early-stage demand and reinforces the strategic alignment between Bioxyne and Remidose.



Under the expanded agreement Bioxyne will also supply cannabis pastilles for distribution into Costa Rica and Panama, further strengthening Bioxyne’s presence across LATAM markets.



“This expansion with Remidose is a great example of how quickly opportunities can evolve once you establish a presence in new markets,” Mr Watson said.



“We’ve moved from our initial agreement into a broader supply scope in a short period of time, which reflects both the strength of the relationship and the level of demand we’re seeing on the ground.



“LATAM is still early in its development, but that’s exactly where we see the opportunity. Being the first to supply branded medicinal cannabis flower into Costa Rica positions us ahead of competing suppliers and gives us the platform to expand into other LATAM jurisdictions as those markets continue to open.”



Mr Watson said product registration for Costa Rica is well advanced and initial shipments of Dr Watson cannabis flower are expected prior to 30 June 2026, with the first shipment to exceed $500,000.



Based on current demand forecast...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 15:26:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[This ASX gold stock is up 10% in a week. Here&#039;s why]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/this-asx-gold-stock-is-up-10-in-a-week-heres-why-20260511" />
            <id>https://newswires.com.au/139717</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Pantoro Gold Ltd (ASX: PNR) shares are pushing higher on Monday after the gold miner announced a new high-grade discovery.



At the time of writing, the Pantoro share price is up 3.39% to an intraday high of $3.505. 



That takes its gain over the past week to almost 10%, giving shareholders some relief after a tough start to the year.



But even after today's rise, Pantoro shares remain down around 30% in 2026. 



So, what has investors buying today?



A high-grade discovery at Racetrack



In its ASX announcement, Pantoro said it has made a significant high-grade gold discovery at the Racetrack target.



Racetrack sits within the company's 100%-owned Norseman Gold Project in Western Australia.



The discovery is part of Pantoro's wider drilling program across the Norseman Mainfield. The program is testing Racetrack, Golden Goose, and extensions to the Crown Reef. 



Pantoro said drilling along the Racetrack trend has found a high-grade zone over a current strike of 400 metres. It extends from near surface to 600 metres depth.



The company also advised that the zone remains open to the east and down dip.



Some of the standout intercepts include 8 metres at 28.68 grams per tonne gold, including 1 metre at 189.84 grams per tonne.



Another result came in at 2.01 metres at 82.99 grams per tonne, including 1 metre at 165 grams per tonne.



Close to existing infrastructure



Pantoro said Racetrack is around 600 metres north of the OK Underground Mine and existing infrastructure.



That short distance could make the discovery more valuable if follow-up drilling supports a mineable resource.



Discoveries close to existing operations are usually easier to assess because the roads, mine access, plant, and other infrastructure are already nearby. 



Notably, Pantoro Managing Director Paul Cmrlec said the company has a "clear pathway" to bring the ore into production in a capital-efficient way.



A closer look at the Norseman project



Pantoro is focused...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 15:24:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Aguia nears govt green light as Brazilian phosphate demand builds]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/aguia-nears-govt-green-light-as-brazilian-phosphate-demand-builds-20260511" />
            <id>https://newswires.com.au/139720</id>
            <author>
                <name> <![CDATA[thewest.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Aguia Resources has cleared the final queries from the Brazilian regulator, FEPAM and is now awaiting an operating licence to begin mining and processing at its Três Estradas phosphate project.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 15:01:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Resource Stocks Battle Supply Strain Amid Market Shifts]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/resource-stocks-battle-supply-strain-amid-market-shifts-20260511" />
            <id>https://newswires.com.au/139708</id>
            <author>
                <name> <![CDATA[kalkinemedia.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Highlights


Resource firms adapt quickly to fuel and supply pressure


Uranium and tungsten projects gain fresh industry attention


Gold and rare earth explorers remain active across Australia



Australian resource companies are navigating supply chain disruptions, diesel concerns, and rising commodity costs while advancing exploration and development projects across uranium, gold, tungsten, and rare earth sectors.
Resource Sector Faces Supply Pressure as Miners Adapt
The Australian resource sector entered a new phase of operational focus during the latest industry gathering in Sydney, where discussions centred on supply chain resilience, energy security, and commodity demand. The event highlighted how mining and exploration companies are adjusting to global uncertainty while continuing project development across several regions.
The conversation around fuel availability, sulphur costs, and logistics pressure reflected broader concerns shaping the local market environment. Many companies connected to the [ASX 100] are monitoring these developments closely as resource businesses continue balancing exploration activity with operational planning.
At the centre of industry discussions was the growing importance of agility. Smaller exploration companies demonstrated how rapid decision-making and localised strategies are helping projects continue moving despite tightening supply conditions.
Fuel Security Becomes a Major Industry Focus
Across the mining industry, diesel supply and transport costs have emerged as critical operational themes. Exploration companies operating in remote regions are increasingly focusing on storage capacity and local supply access to maintain drilling activity.
Kincora Copper Expands Operational Readiness
Kincora Copper (ASX:KCC) attracted attention during the conference as the company outlined measures designed to support uninterrupted exploration activity in New South Wales. Additional diesel storage initiatives reflect...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 14:45:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Weekly Ratings, Targets, Forecast Changes – 08-05-26]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/weekly-ratings-targets-forecast-changes-08-05-26-20260511" />
            <id>https://newswires.com.au/139712</id>
            <author>
                <name> <![CDATA[fnarena.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[This article is part of the daily news updates from FNArena.com. Stay informed with the latest financial, business, and economic insights.
Written by Admin
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
By Mark Woodruff
Guide: The FNArena database tabulates the views of seven major Australian and international stockbrokers: Citi, Bell Potter, Macquarie, Morgan Stanley, Morgans, Ord Minnett, and UBS. For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy/Hold/Sell (B/H/S) ratio. Ratings, consensus target price and forecast earnings tables are published at the bottom of this report. Summary Period: Monday May 4 to Friday May 8, 2026 Total Upgrades: 10 Total Downgrades: 12 Net Ratings Breakdown: Buy 66.32%; Hold 27.07%; Sell 6.61% For the week ending Friday, May 8, 2026, FNArena recorded ten upgrades and twelve downgrades from the seven brokers monitored daily across ASX-listed companies. For the third week in a row, falls in average target prices and average earnings forecasts materially outweigh rises in the tables below. Following interim reporting, ANZ Bank, National Australia Bank and Westpac feature prominently with three, two and one upgrades, respectively. ANZ also appears in the week's top10 table for positive change to average earnings forecasts with a near 2% rise for FY26. The average target price in the FNArena database eased by just -7 cents to $35.18. Flat underlying revenue was offset by stronger-than-expected cost control and lower credit impairment charges, Morgans noted. Management trimmed FY26 cost guidance. Rising domestic interest rates and a subsequent surge in bond yields have caused net interest margins to widen across the broader industry, yet ANZ Bank has experienced a reduction in market revenue share to 21.7%, Ord Minnett explained. It’s felt revenues will...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 14:36:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Treasurer Jim Chalmers vows to cut spending as ex-Treasury economist warns of rate hikes]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/treasurer-jim-chalmers-vows-to-cut-spending-as-ex-treasury-economist-warns-of-rate-hikes-20260511" />
            <id>https://newswires.com.au/139713</id>
            <author>
                <name> <![CDATA[thewest.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Treasurer Jim Chalmers has vowed to cut spending and bank extra revenue from higher commodity prices, as a former Treasury economist warns of six more rate hikes if Labor keeps splurging.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 14:22:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Why are ANZ shares sinking today?]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/why-are-anz-shares-sinking-today-20260511" />
            <id>https://newswires.com.au/139711</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[ANZ Group Holdings Ltd (ASX: ANZ) shares are having a tough start to the week.
In afternoon trade, the banking giant's shares are down almost 3% to $35.77.
Why are ANZ shares down today?
The weakness in the ANZ share price is being driven primarily by the bank trading ex-dividend for its latest shareholder payout.
This means investors buying ANZ shares from today onwards will not be entitled to receive the upcoming interim dividend.
As a result, the share price will often fall by roughly the value of the dividend on the ex-dividend date, all else being equal.
What does ex-dividend mean?
When a company declares a dividend, it sets a record date to determine which shareholders are eligible to receive the payment.
The ex-dividend date is the first trading day when new buyers are no longer entitled to that dividend.
Because that dividend entitlement has effectively been removed from the share, the market commonly adjusts the share price lower on the ex-dividend date.
This does not necessarily mean investors are reacting negatively to the business itself. It is just that a dividend forms part of a company's valuation. And investors don't want to pay for something that they won't receive.
The ANZ dividend
Last week, ANZ released its half-year results for the six months ended 31 March 2026.
The bank reported statutory profit of $3.65 billion and cash profit of $3.78 billion for the half. Cash profit was up 70% on the second half of FY25, or up 14% when excluding the impact of significant items.
ANZ also reported a Common Equity Tier 1 capital ratio of 12.39% at 31 March, up from 12.03% at 30 September 2025.
In light of the strong performance, the ANZ board declared an interim dividend of 83 cents per share. This payout is 75% franked, which is up from 70% previously.
ANZ said the increased franking level was supported by an improvement in the performance of its Australian operations.
When is payday?
Eligible ANZ shareholders won't have long to wait until payday.
They can l...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 14:21:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[EMVision expands pivotal stroke scanner trial to include acute ischaemia detection]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/emvision-expands-pivotal-stroke-scanner-trial-to-include-acute-ischaemia-detection-20260511" />
            <id>https://newswires.com.au/139709</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[
EMVision will add an acute ischaemia detection feature to its pivotal FDA validation trial for the emu Brain Scanner
Expanded trial could accelerate commercial opportunity by validating haemorrhage and ischaemia detection simultaneously
Recruitment momentum continues with more than 125 patients enrolled across leading US and Australian stroke centres

 
Special Report: EMVision Medical Devices is preparing to add an acute ischaemia detection feature to its Pivotal Trial for the emu Brain Scanner in haemorrhagic stroke with US Food and Drug Administration (FDA) engagement to follow. 
Bringing forward simultaneous validation of the emu’s haemorrhage and ischaemia detection capabilities streamlines the regulatory pathway while maximising clinical value and commercial opportunity from first FDA release.
The expansion follows progress made in EMVision Medical Devices’ (ASX:EMV) parallel Continuous Innovation Study, where the company has been refining algorithms and building data sets aimed at improving emu’s ability to detect the different types of stroke— including ischaemic stroke, the most common form of stroke globally.
The Pivotal Trial which launched with a primary endpoint for the detection of haemorrhages— bleeding in the brain — is underway across major stroke centres in the US and Australia and is designed to support FDA De Novo clearance for emu, which is the company’s first commercial product.
An ischaemic stroke happens when blood flow to part of the brain is blocked or severely reduced, usually by a blood clot, and accounts for about 80% of all stroke presentations.
Early identification of stroke type is critical because each requires different treatment pathways.
Incorrect treatment can be dangerous while correct treatment is highly time sensitive and, when administered in a timely manner, can have a major positive impact on patient outcomes.
The emu point-of-care device is designed to help clinicians make earlier triage, transfer and treatment decisions...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 14:17:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[OzAurum eyes bigger resource at Mulgabbie North on strong RC drilling results]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/ozaurum-eyes-bigger-resource-at-mulgabbie-north-on-strong-rc-drilling-results-20260511" />
            <id>https://newswires.com.au/139710</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Mineralisation remains open along a &gt;4km interpreted paleochannel trend
Strong potential to extend mine life beyond the existing 260,000oz Mineral Resource
Results from 84 RC holes (3024m) – the second batch of an 18,000m grade control program

 
Special Report: Strong drilling results from OzAurum Resources’ Mulgabbie North gold project in WA’s Eastern Goldfields point to a scalable heap leach operation with potential for upside. 
OzAurum Resources (ASX:OZM) struck shallow, high-grade gold in the second batch of reverse circulation grade control drilling at the paleochannel project within its Mulgabbie North gold project near Kalgoorlie.
The grade-control RC drilling campaign is feeding into an ongoing feasibility study, with the results found to support mine planning and evaluation of potential development scenarios for the proposed commissioning of the Mulgabbie processing plant.
“These results continue to demonstrate the strong grade profile and near-surface nature of the paleochannel system at Mulgabbie North,” OZM CEO and managing director Andrew Pumphrey said.
“Importantly, this drilling is directly supporting our ongoing feasibility study and is increasing confidence in the early development schedule as we move toward commissioning of the Mulgabbie heap leach plant.
“With mineralisation remaining open along a 4km trend, we see significant potential to grow the resource base and further enhance potential plant throughput.
“This positions Mulgabbie as a scalable operation with potential for strong upside beyond initial development and existing resources.”
Low-cost, scalable gold production is increasingly attractive with gold prices consolidating around US$4700/oz.
 
Batch 2 paleochannel grade control drill hole location plan. Pic: OZM 
OZM is a WA-based explorer with advanced gold projects located 130km northeast of Kalgoorlie and projects in Minas Gerais, Brazil, that are prospective for niobium and rare earth elements.
Paleochannel deposits in the Easte...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 14:14:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[The Australian Economy’s Getting a Pay Rise, but it’s Still Depressed]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/the-australian-economys-getting-a-pay-rise-but-its-still-depressed-20260511" />
            <id>https://newswires.com.au/139701</id>
            <author>
                <name> <![CDATA[daily.fattail.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[
I’m putting my head down this week, getting together a recommendation report for my paid readership group.
That’s got 100% of my focus.
So, in the meantime, I thought I’d share a piece I wrote for my paid readership (last week), which offers a decent platform on why I think you should start getting active in this market.
And I don’t mean everything, I mean commodities. 
This is a different take on what you might be hearing across the mainstream right now. Enjoy.
***
There’s a strong sense of pessimism in the air right now, especially in Australia.
The longest losing streak for the ASX200 since 2018, a flood of blue-chip ASX earnings downgrades, falling property prices…
A hawkish RBA governor who’s giving the finger to the Australian economy and hell-bent on hiking rates. According to them, inflation is the only thing that matters.
But don’t forget the oil crisis.
Yep, that’s still rotting away in the hot Middle East sun, as we all await our deliverance from one of the worst fuel crises in history, fertiliser shortages and scarcities across dozens of critical petrochemicals.
But according to reports, the worst is still to come.
It’s all rather doom and gloom.
As I said, welcome to the age of scarcity. We were among the first to detail this new era. In fact, the report we wrote back in 2022 was titled just that… ‘The Age of Scarcity.’
But now that the herd has finally arrived at our viewpoint, I can’t help but think about the opportunities….
We’ve done well over the years by doing the opposite of what sentiment suggests. And right now, that sentiment is drenched in pessimism.
But here’s the thing…
Iron ore is sitting comfortably above $100 per tonne. All the fears of a flood of new supply coming from Simandou have dwindled. Chinese imports remain firm.
Meanwhile, another one of our major exports, natural gas, is finally coming to the party, breaking out of its historical lows. Same with coal prices, our energy exports are surging. No wonder.
Then there’s copper; futu...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 14:00:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Aguia prepares for review at Tres Estradas]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/aguia-prepares-for-review-at-tres-estradas-20260511" />
            <id>https://newswires.com.au/139705</id>
            <author>
                <name> <![CDATA[mining.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Aguia Resources (ASX:AGR) expects to start mining and processing work soon at its ​Tres Estradas Mine, 46km east of Dom Pedrito in southeast Brazil.



The company recently requested amendments to its installation licence before the final review period expires. Mining and processing work will commence at the Dagoberto Barcelos Plant once the operating licence is granted, which is expected within weeks.



Brazil’s environmental protection agency for Rio Grande do Sul state, Fundação Estadual de Proteção Ambiental Henrique Luís Roessler (FEPAM), requires further information before issuing the operating licence.



Aguia has already provided details about the following:




Project infrastructure schedule



Land registry and environmental cadastre changes



Layout and cartographic data (including shapefiles) revisions



Environmental monitoring, with current phase 1 project scope alignment



Installing red pegs around the mine perimeter

The company has also made minor additions to wildlife, water, and environmental documentation from Golder Associates (owned by WSP).



“Aguia is approaching the final phase before mining begins at Tres Estradas with final observations from FEPAM now addressed … [and] we are confident that the operating licence will be issued shortly,” Managing Director and CEO Timothy Hosking says.



“Aguia is taking steps to aggressively boost local production capacity to meet increased demand and therefore reduce the sector’s reliance on imported products, which are experiencing severe supply disruptions.”



Electrical systems, charging modules, weighbridge, production lines, and modular facilities are expected to be finalised by 15 May 2026.



Facility operational testing is scheduled to begin on 15 May 2026, which will also be the official date for marking plant readiness.



First employees will begin work on the same day, with final approvals anticipated within the same timeframe.



Aguia Resources is a multi-commodity company with asse...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 13:48:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[ASX 200 Slips as Small Cap Miners Charge Ahead]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/asx-200-slips-as-small-cap-miners-charge-ahead-20260511" />
            <id>https://newswires.com.au/139689</id>
            <author>
                <name> <![CDATA[kalkinemedia.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Highlights

The ASX opened lower as healthcare stocks dragged broader market sentiment into the red.
Small cap mining companies gained attention with fresh exploration activity across gold, silver, and copper projects.
Rising oil prices and renewed geopolitical tensions continued influencing market volatility.


The ASX opened weaker amid healthcare losses and geopolitical concerns, while small-cap mining stocks gained momentum through exploration updates across precious and industrial metals.
The Australian market opened the week under pressure as broad-based selling pushed the ASX 200 lower during early trade. Despite weakness across several major sectors, small cap resource stocks managed to attract strong market attention as exploration updates linked to gold, silver, and copper projects generated fresh momentum. The divergence between large-cap weakness and speculative mining activity once again highlighted the importance of the ASX Metal &amp; Mining Stocks segment within the Australian market landscape.
ASX Opens Lower Amid Global Pressure
The Australian market began the session on weaker footing following renewed geopolitical tensions and rising oil prices.
Concerns surrounding developments involving Iran and the broader energy market weighed on global sentiment, with higher crude prices increasing fears around inflation and economic pressure.
Most sectors across the local market traded lower during the opening phase, with healthcare shares leading declines after weaker guidance from one of the market’s largest healthcare companies.
Despite the softer tone, resource and energy-related shares managed to show relative resilience as commodity-linked momentum continued supporting parts of the market.
Healthcare Sector Drags on Sentiment
Healthcare stocks emerged among the weakest performers during early trading after CSL Limited (ASX:CSL) released updated guidance that disappointed the market.
The sharp reaction toward CSL placed significant pres...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 13:22:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Why ANZ, CSL, Dateline, and DroneShield shares are sinking today]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/why-anz-csl-dateline-and-droneshield-shares-are-sinking-today-20260511" />
            <id>https://newswires.com.au/139691</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[TheÂ S&amp;P/ASX 200 IndexÂ (ASX: XJO) is having a poor start to the week. In afternoon trade, the benchmark index is down 0.7% to 8,685.2 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

ANZ Group Holdings Ltd (ASX: ANZ)
The ANZ share price is down almost 3% to $35.78. Investors have been selling the banking giant's shares on Monday after they went ex-dividend for the bank's latest payout. Last week, the big four bank released its half-year results and declared a partially franked interim dividend of 83 cents per share. Eligible ANZ shareholders can look forward to receiving this latest dividend in around seven weeks on 1 July.

CSL Ltd (ASX: CSL)
The CSL share price is down 19% to $97.36. It goes from bad to worse for this struggling biotechnology giant. This morning, CSL revealed that it would be cutting its FY 2026 earnings guidance and plans to make $5 billion in additional asset impairments. CSL's interim CEO, Gordon Naylor, said: "Our growth initiatives are working, but the financial benefits will take longer than previously anticipated to materialise. As a result, we have now revised down our 2026 financial year guidance. CSL's culture and people continue to be first class, the industry is stable and growing and the company has evident strengths in plasma collections and influenza vaccines. I am confident that the company can be returned to profitable growth and my work is to position the business and the next CEO for success." FY 2026 revenue is now expected to be around US$15.2 billion, while NPATA is forecast to be approximately US$3.1 billion.

Dateline Resources Ltd (ASX: DTR)
The Dateline Resources share price is down almost 14% to 20.7 cents. This follows the release of the Bankable Feasibility Study (BFS) for its Colosseum Gold and Rare Earth Element (REE) Project in the United States. The project has a net present value of US$785 million (pre-tax), which increases to US$999 million using...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 13:19:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Health Check: For bloodied CSL, the horror continues]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/health-check-for-bloodied-csl-the-horror-continues-20260511" />
            <id>https://newswires.com.au/139690</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Despite “green shoots” of recovery, CSL’s earnings officially are going backwards
Emvision eyes a two-year time saving with expanded pivotal stroke trial
Now out of favour with Trump, Marty Makary is polishing off his CV

 
In today’s thumping profit downgrade, blood and plasma giant CSL (ASX:CSL) admits its current year earnings will go backwards, as management strives to right the listing ship.
Despite the company’s woes, management in February pointed to underlying net profit advancing 4-7%.
Now it looks like earnings for the year to June 30 2025 will retreat around 4%.
Concerningly, the core Behring arm faces improved competitor capacity that has boosted excess plasma supply.
This problem appears to be structural, rather than cyclical.
Investors slashed CSL shares by as much as 20%, pushing them below the $100 mark for the first time in ten years.
“We fully recognise that CSL’s financial outcomes have fallen short of expectations,” interim CEO Gordon Naylor said.
He said the company’s US$32 billion ($44bn) of invested capital clearly was not all “working as hard as it should be”.
Naylor said management’s growth medicine was helping, “but the financial benefits will take longer than previously anticipated to materialise”.
The company said immunoglobulin demand in its core US market was growing at mid to high single digits, consistent with CSL’s expectations.
But the reported revenue will reflect CSL’s “normalisation of channel inventory”.
In other words, there was too much stuff in the system.
What’s the damage?
CSL now expects full-year revenue of US$15.2 billion, around 2% lower and net profit after tax and amortisation (NPATA) of US$3.1bn (4% lower).
This is on a ‘constant currency’ basis. Taking “volatile” currencies into account, revenue will come in US$400m higher, while NPATA  will be a modest US$30m lower.
But management always has nominated constant currency as its preferred measure.
The immunoglobulin problem is expected to result in a US$300m revenue...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 13:17:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Power Minerals readies for maiden drilling at MDF this month]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/power-minerals-readies-for-maiden-drilling-at-mdf-this-month-20260511" />
            <id>https://newswires.com.au/139706</id>
            <author>
                <name> <![CDATA[mining.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Power Minerals (ASX:PNN) will start a maiden drilling campaign at the Morro do Ferro (MDF) Rare Earths Project in southern Minas Gerais, Brazil, later this month following the completion of the acquisition.



The company will conduct 3,000m of diamond core drilling targeting the depth and extensions of magnetic rare earth oxides (MREO) and total rare earth oxides (TREO) mineralisation. An additional 800m of diamond core drilling will obtain material for comprehensive metallurgical testwork.



Drilling is expected to be completed in three months, with early results expected from June 2026.



Power Minerals completed the acquisition of MDF after a comprehensive due diligence campaign, which validated the project’s potential to host a substantial MREO resource estimate.



The company completed due diligence at MDF last month, covering corporate, financial, and technical activities, as reported by Mining.com.au.



Drilling is intended to push the project towards an estimate reflective of this objective.



CEO Alistair Stephens says the company is “delighted” to begin drilling at the MDF Project.



“Drilling is planned to begin this month and will include approximately 3,800m of diamond drilling, designed to expand the current mineralised footprint along strike and down-dip and enhance our understanding of the mineralogy at the MDF Project, to help facilitate a swift progression towards a maiden mineral resource estimate for the project,” Stephens says.



“The campaign is expected to be completed in the following quarter, and results are planned to be progressively released as they become available.”



The previous vendor returned up to 14.03% TREO and 26,418 parts per million (ppm) from sampling at the project.



Other results include 49,673ppm TREO, 26,074ppm TREO, 16,589ppm TREO, and 23,871ppm MREO.



Meanwhile, Power Minerals has temporarily suspended drilling at the Santa Anna Project to focus solely on fast-tracking the MDF Project. The company also inte...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 13:15:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[This ASX media company has attracted a second takeover offer. Let the bidding war begin]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/this-asx-media-company-has-attracted-a-second-takeover-offer-let-the-bidding-war-begin-20260511" />
            <id>https://newswires.com.au/139692</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Asx media company oOh!media Ltd (ASX: OML) has fielded its second takeover in as many weeks, with I Squared Capital offering to buy the company for $1.45 per share in cash.



This follows Pacific Equity Partners offering to buy the company for $1.40 per share in late April.



Shares trading higher



Shareholders who bought in at recent lows below $1 will be happy. Meanwhile, for longer term holders, the offers are well below levels reached in October last year, with the stock then trading above $1.80.



oOh!media shares were changing hands for $1.32 on Monday morning, up 5.4%.



oOh!media's board said the second takeover offer was, similar to the PEP offer, non-binding and conditionals.



They added:




The ISQ proposal is subject to a number of key conditions broadly consistent with those relating to the PEP proposal, including the satisfactory completion of due diligence by ISQ and entry into binding transaction documentation on acceptable terms. The ISQ offer price is also subject to an adjustment under which the offer price will be reduced by the amount of any future dividends or other distributions paid to shareholders. The Board of Directors of oOh!media Limited (Board) has considered both proposals in conjunction with its advisers and has unanimously determined that neither proposal adequately reflects the intrinsic value of oOh!. The Board has informed both PEP and ISQ that it does not intend to recommend to shareholders any formal binding offer at or below the value of their respective nonâbinding indicative proposals.




While the board does not think either bid represents good value for shareholders, they said that they would allow both parties, "access to a limited amount of due diligence information to enable each party to assess whether it is able to put forward a revised proposal that may be capable of the board's recommendation''.



More than two bids possible



They also hinted that more bids may be in the offing:




oOh! is also engagi...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 13:12:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Exploration to energy security: Junior miners position for uranium shortfall]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/exploration-to-energy-security-junior-miners-position-for-uranium-shortfall-20260511" />
            <id>https://newswires.com.au/139707</id>
            <author>
                <name> <![CDATA[mining.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[According to the World Nuclear Association, uranium has emerged as one of the world’s most important energy-linked minerals over the past 60 years.



At present, uranium mining is primarily concentrated in Canada, Namibia, Kazakhstan, and Australia, though other pockets of exploration are emerging elsewhere.



Following the Fukushima incident in 2011, multiple countries phased out of nuclear energy, dealing severe blows to the uranium market. As reported by the World Mining Congress in 2024, this event led to a significant price drop and mine closures.



However, beginning in 2020, the gradual rise in uranium price marked a step-change in global sentiment. Governments recognised nuclear power as a low-carbon energy source to help meet global emissions targets and ensure energy security.  



COP28 in December 2023 saw the launch of a declaration to triple nuclear energy capacity by 2050, recognising its key role in helping the world reach net zero. This declaration was supported by over 20 countries, including the US, Canada, France, Japan, the UK, and many others across Europe, Asia, and the Middle East. 



This decree was reaffirmed at COP30, with 33 countries now signed on.



According to the International Atomic Energy Agency (IAEA), tripling nuclear energy capacity is an ambitious goal, as the agency projects a potential doubling of capacity by 2050, to between 561 gigawatt electric (GWe) and 992GWe. Even this amount would cement nuclear as a strategic source of clean energy for the global transition.



As of 19 November 2025, there is 376.3GWe of nuclear capacity from 416 reactors in operation globally. The US is currently the largest producer, with 94 reactors generating 781.9 terrawatt hours of electricity.



China also has 57 reactors, with 29 additional ones in construction. Across the European Union, France leads with 57 reactors, which generated about 67.3% of the country’s electricity in 2024 — the highest share of nuclear power in any national g...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 13:11:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Why Dyno Nobel, Inghams, Metcash, and Strike Energy shares are charging higher today]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/why-dyno-nobel-inghams-metcash-and-strike-energy-shares-are-charging-higher-today-20260511" />
            <id>https://newswires.com.au/139693</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[In afternoon trade, theÂ S&amp;P/ASX 200 Index (ASX: XJO) is on course to start the week with a decline. At the time of writing, the benchmark index is down 0.7% to 8,683.2 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Dyno Nobel Ltd (ASX: DNL)
The Dyno Nobel share price is up 10% to $3.66. Investors have been buying the explosives manufacturer's shares following the release of a strong half-year result. The company revealed that net profit after tax excluding individually material items increased 83.3% to $160.9 million. This allowed the Dyno Nobel board to increase its interim dividend by 91.7% to 4.6 cents per share. Commenting on the result, the company's CEO, Mauro Neves, said: "1H26 marks the beginning of a new era for Dyno Nobel as we concluded our separation from the Fertilisers business and move forward as a pureplay global explosives leader."

Inghams Group Ltd (ASX: ING)
The Inghams share price is up 5% to $1.78. This follows the release of a trading update from the poultry producer which revealed that volumes were up 1.1% for the first nine months of FY 2026. As a result, management has reaffirmed its guidance for underlying EBITDA of $180 million to $200 million. Inghams' CEO and managing director, Ed Alexander, said: "We are seeing improved operational performance and positive momentum from initiatives already delivered, while reaffirming our FY26 guidance in a challenging environment."

Metcash Ltd (ASX: MTS)
The Metcash share price is up 6% to $2.90. This is in response to the release of a trading update from the wholesale distributor this morning. Metcash revealed that it expects to report revenue growth of 0.7% for FY 2026 with underlying net profit after tax in the region of $268 million to $270 million. Looking ahead, management advised that its ongoing cost initiatives are targeting at least ~$25 million in annualised savings in FY 2027. Metcash's CEO, Doug Jones, said: "We have d...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 13:04:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Why the ASX 200 is being smashed today]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/why-the-asx-200-is-being-smashed-today-20260511" />
            <id>https://newswires.com.au/139694</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[The S&amp;P/ASX 200 Index (ASX: XJO) is having a rough start to the week.



At the time of writing, the benchmark index is down 0.93% to 8,663 points.



That leaves the ASX 200 on track for its second straight decline, after falling 1.51% on Friday.



Across the Pacific, US markets ended last week on a much stronger note. The S&amp;P 500 hit a fresh record high, while the Nasdaq also pushed higher after another strong session for chip stocks.



Locally, though, investors have had plenty to digest this morning.



Here's what is driving the sell-off.



CSL weighs heavily on the index



The biggest drag today is CSL Ltd (ASX: CSL).



The healthcare giant is having a brutal session after cutting its FY26 outlook and flagging large impairments.



CSL shares are currently down 16.82% to $99.715. Earlier in the session, the stock was down more than 20% and trading near a decade low.



Given CSL's size in the index, today's fall is doing a lot of the damage by itself.



According to The Australian, CSL has shaved about 31 points from the benchmark. The sell-off follows the company's warning that it will recognise around US$5 billion in impairments and lower its earnings expectations.



The damage has also spread across the healthcare sector, with Pro Medicus Ltd (ASX: PME) trading 1.34% lower as well.



Banks and tech names add pressure



Unfortunately, the selling is not just limited to CSL.



Several major banks are also weighing on the index.



Commonwealth Bank of Australia (ASX: CBA) is down 1.6%, while Westpac Banking Corp (ASX: WBC) and National Australia Bank Ltd (ASX: NAB) are also in the red.



ANZ Group Holdings Ltd (ASX: ANZ) is down 3.15% as it trades ex-dividend.



Macquarie Group Ltd (ASX: MQG) is another drag, falling 2.4%.



Technology names are also under pressure, with Xero Ltd (ASX: XRO), and Codan Ltd (ASX: CDA), down 0.54% and 2.55%, respectively.



Oil prices hit sentiment



Brent crude has jumped after US President Donald Trump r...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 13:01:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Sell alert! Why this expert is calling time on Metcash and A2 Milk shares]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/sell-alert-why-this-expert-is-calling-time-on-metcash-and-a2-milk-shares-20260511" />
            <id>https://newswires.com.au/139695</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[It may be time to sell Metcash Ltd (ASX: MTS) and A2 Milk Co Ltd (ASX: A2M) shares.
That's according to Catapult Wealth's Blake Halligan (courtesy of The Bull).
As we head into the Monday lunch hour, A2 Milk shares are down 0.5%, trading for $6.51 each, outpacing the 0.8% losses posted by the S&amp;P/ASX 200 IndexÂ (ASX: XJO) at this same time.
Longer-term, shares in the ASX 200 dairy company have tumbled 21.5% over the past year, underperforming the 5.3% 12-month gains delivered by the benchmark index.
Those losses will have only been modestly eased by A2 Milk's 2.6% fully franked trailing dividend yield.
Turning to Metcash, shares in the ASX 200 wholesale food, liquor and hardware distributor are storming higher today, up 5.1% at $2.88 apiece.
Despite that strong performance, Metcash shares remain down 13.5% over 12 months. Metcash shares trade one a 6.3% fully franked trailing dividend yield.
Metcash is enjoying a strong runt today following the release of an unaudited first half trading update.
Metcash said it expects to achieve underlying profit after tax between $268 million and $270 million for the 12 months to 30 April. Management is forecasting revenue growth of 0.7%.
Which brings us back toâ¦
Time to sell A2 Milk shares?
"A recent trading update revealed supply chain disruptions are constraining product availability despite strong underlying demand," Catapult Wealth's Halligan said.
He noted:
The company downgraded guidance in full year 2026, with revenue growth downgraded to low-to-mid double digits, with cash conversion falling to 50%. It expects lower infant milk formula sales, mostly related to Chinese labels.
Summarising his sell recommendation on A2 Milk shares, Halligan concluded:
The EBITDA percentage margin is forecast to decline from previous guidance of between 15.5% to 16% to between 14% to 14.5%. The shares have fallen from $9.24 on April 10 to trade at $6.67 on May 7. Better opportunities may exist elsewhere at this stage of the cycle.
Calli...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:49:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Riversgold expands Northern Zone gold package by 20pc]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/riversgold-expands-northern-zone-gold-package-by-20pc-20260511" />
            <id>https://newswires.com.au/139682</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Riversgold signs binding agreement to acquire 100% of granted tenement P25/2850
The deal lifts the Kalgoorlie gold project area by 20% to 10.22km2
The new ground, which is adjacent to Northern Zone, could support access and waste dumps as well as providing exploration upside

 
Special Report: Riversgold is securing additional ground next to its Northern Zone project at the Kalgoorlie gold asset in WA, expanding the footprint by 20% as it moves toward production.
Riversgold (ASX:RGL) has agreed to acquire granted tenement P25/2850, which adjoins Northern Zone, and will increase the total Kalgoorlie project ground area 20% to 10.22km2.
This acquisition comes as the company advances drilling, mining lease conversion and mine-planning work to take Northern Zone into production.
“This deal, like our previous deal announced on April 20, continues to increase our overall tenement footprint in the immediate Northern Zone Project area,” technical director Ed Mead said.
“We also feel there is excellent potential to identify additional gold targets on this new ground, and we look forward to exploring the tenement in the coming months.”
 
Riversgold is adding more ground at Northern Zone as it pushes the Kalgoorlie project forward. Pic: RGL 
Strategic ground
The acquisition provides practical flexibility for project development and exploration.
Riversgold said the new ground could support future access, waste dumps, site infrastructure and access routes to processing plants.
It also gives RGL more scope to test for extensions or parallel gold targets near existing mineralisation.
The deal is also expected to benefit Northern Zone partners Oracle Power and MEGA Resources by improving flexibility across the broader development area.
Riversgold is working with MEGA and Oracle to fast-track Northern Zone, with MEGA to fund 100% of mining and development costs in exchange for a 50% profit share, reducing upfront capital requirements for RGL and Oracle.
 
Who’s Who with Riversgold:...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:44:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[StockTake: Pursuit begins fieldwork at Argentine gold project]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/stocktake-pursuit-begins-fieldwork-at-argentine-gold-project-20260511" />
            <id>https://newswires.com.au/139683</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Host Tylah Tully looks at Pursuit Minerals’ (ASX:PUR) fieldwork at its recently acquired Sascha Marcelina gold project in Argentina, as it builds toward a maiden drilling campaign and what could be a district-scale opportunity.
The project sits in Argentina’s Santa Cruz province, a region known for major epithermal gold and silver systems.
Watch the video to hear what Pursuit has planned.
 
This video was developed in collaboration with Pursuit Minerals, a Stockhead client at the time of publishing.
The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions. 
The post StockTake: Pursuit begins fieldwork at Argentine gold project appeared first on Stockhead.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:41:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[ASX 200 Biggest Losers: MIN, NIC and LTR Under Spotlight]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/asx-200-biggest-losers-min-nic-and-ltr-under-spotlight-20260511" />
            <id>https://newswires.com.au/139679</id>
            <author>
                <name> <![CDATA[kalkinemedia.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Highlights


Mining and lithium companies remained central to Australian equity participation.


MIN, NIC and LTR featured prominently among major ASX decliners.


Broader market activity reflected changing sector participation across Australian shares.



Australian equities reflected changing market participation as MIN, NIC and LTR remained active across mining, battery materials and industrial sectors within the ASX market.
Australia’s equity market continued reflecting activity across mining, technology, financial services, healthcare, and industrial sectors as investors monitored sector participation and operational developments across listed businesses. Companies operating within the resource and energy sectors remained closely tied to commodity systems, export participation, and industrial infrastructure activity shaping Australia’s broader commercial landscape. Businesses represented within the ASX 200 continue contributing to operational activity across domestic and international markets.
Mineral Resources (ASX:MIN), Nickel Industries (ASX:NIC), and Liontown Resources (ASX:LTR) remained among widely discussed Australian equities as broader mining and battery materials participation continued influencing market direction. Resource companies operating across lithium, nickel, and industrial minerals sectors remain connected with battery supply chains, infrastructure development frameworks, and export systems supporting industrial participation across international markets.
Australia’s mining environment continues supporting transportation systems, engineering operations, processing infrastructure, and industrial coordination linked to resource participation. Companies operating across these sectors remain integrated with global commodity frameworks involving electric transportation systems, renewable infrastructure participation, and manufacturing operations connected with evolving commercial requirements.
Mining Sector Participation Shapes A...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:38:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Raiden identifies new multi-kilometre trends at Vuzel gold project]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/raiden-identifies-new-multi-kilometre-trends-at-vuzel-gold-project-20260511" />
            <id>https://newswires.com.au/139702</id>
            <author>
                <name> <![CDATA[themarketonline.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Recently completed soil sampling, geological mapping defines trends.



New arsenic-in-soil anomalism closely associated with similar gold anomalism.



Follow-up underway to determine if anomalies associated with gold.



Permitting for access over silver anomaly ongoing.




Raiden Resources (ASX:RDN) has this week identified significant new trends to follow up at the Vuzel gold project in south-eastern Bulgaria. The new multi-kilometre-long trends are anomalous to arsenic-in-soil anomalies, which have been defined in the southern and western parts of the project area.



Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.



The company’s managing director, Dusko Ljubojevic, said Raiden now believes Vuzel has the potential to deliver a larger mineralised footprint than has been defined to date through current drill campaigns.



“The field exploration programs undertaken over the last few months have yielded very encouraging results and have further increased the prospectivity of the Vuzel gold project,” he told shareholders today.



“Pleasingly, new multi-kilometre trends anomalous in arsenic have been defined in the southern and western parts of the project area. 



“Notably, the levels of arsenic anomalism are significantly higher than those observed in areas that have been drill tested to date.”



He added: “The arsenic anomalies are also associated with structures and alteration zones that are consistent with those observed in the gold- bearing areas in the central parts of the project (drill-tested zones).”



The company expect so receive a final metallurgical report in the near term, and management is also progressing the permitting on the historically defined silver anomaly at the project.



“While permitting over the silver anomaly has been in progress, mapping and soil sampling programs have been undertaken to determine the potential extent of anom...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:36:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Lodestar strikes new copper and gold targets at Los Loros]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/lodestar-strikes-new-copper-and-gold-targets-at-los-loros-20260511" />
            <id>https://newswires.com.au/139687</id>
            <author>
                <name> <![CDATA[mining.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Lodestar Minerals (ASX:LSR) has identified five new copper and gold targets at the Aguila prospect within the Los Loros Porphyry Project in Chile, following geophysical surveys.



The company completed induced polarisation and magnetotelluric surveys at the asset, with the new targets ranging from 150m to 800m below surface. 



Lodestar says the surveys have confirmed the potential for a fully preserved, close-to-surface porphyry system. 



Historical drilling returned intercepts including 136m @ 0.20% copper equivalent on the edge of target IP1, which was terminated before reaching the core of the target. 



Lodestar says this result confirms the potential of these new targets, with all historical drilling conducted on the edge of or drilled short of the newly defined targets. 



CEO Coraline Blaud says the five new induced polarisation targets align with surface expressions and historical drilling, proving the “potential of this project is entirely preserved”.



“We are very pleased with the results and are looking forward to starting our first drilling campaign at the Los Loros Project, which will target the copper-molybdenum porphyry as well as the high-grade epithermal gold system,” Blaud says. 



“At the Three Saints Project, the maiden drilling has been an outstanding success, delineating a new, large IOCG (iron oxide-copper-gold) system in a fully undercover area, which we interpret to be similar in terms of mineralisation and alteration style to the outer zone of the significant Candelaria IOCG deposit in the region.



“Three Saints has huge potential, however, it will require a review of the newly acquired data to direct the next phase of diamond drilling.”



Lodestar completed drilling at diamond hole L3SDD004 to a depth of 611.10m. The hole presents visible sulphides and segments with ‘strong’ skarn-type alteration that is often present in local IOCG deposits. 



“Having two projects in Chile with such large-scale potential demonstrates the rem...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:34:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[California dreaming: Dateline eyes rapid US gold restart after bumper study]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/california-dreaming-dateline-eyes-rapid-us-gold-restart-after-bumper-study-20260511" />
            <id>https://newswires.com.au/139686</id>
            <author>
                <name> <![CDATA[thewest.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Dateline Resources’ BFS for its Colosseum gold project in California has delivered a massive A$1.08b NPV and a 49.5 per cent IRR, paving the way for a technically simple restart with robust margins.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:31:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Nova Minerals completes record winter freight mobilisation]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/nova-minerals-completes-record-winter-freight-mobilisation-20260511" />
            <id>https://newswires.com.au/139688</id>
            <author>
                <name> <![CDATA[mining.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Nova Minerals (ASX:NVA) has announced the successful completion of the 2026 winter freight mobilisation to the Estelle Project in Alaska, with all essential equipment and supplies delivered to the site. 



The company commenced snow trail construction in November 2025, and its team completed the largest-ever freight delivery to Estelle, moving around 1.5 million pounds from March 2026 to early April. 



Key equipment delivered includes heavy earthmoving and haulage equipment, stibium access trail construction materials, process plant equipment, excavators with drill attachments, and all items needed for camp expansion, logistics, transport, and operational support.



General Manager and geologist Hans Hoffman says that the company is proud of how the team came together to deliver “the largest freight season ever seen this end of the Skwentna River”.



“With our fleet of equipment on site, this project is now complete, and we are ready to start three new ones: constructing a trail to Stibium, expanding the existing airstrip, and building an ore sorting and onsite processing plant at camp.



“Combined with an aggressive drill program, 2026 is shaping up to be a very busy and productive yefor Nova.”



Nova Minerals is advancing a large, undeveloped gold-antimony deposit into production to help secure US domestic supply of key critical minerals.



Write to Amy Rotman at Mining.com.au



Images: Nova Minerals



]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:31:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[ASX 200 Biggest Gainers Update: PLS, NVX, ZIP and CXO Active]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/asx-200-biggest-gainers-update-pls-nvx-zip-and-cxo-active-20260511" />
            <id>https://newswires.com.au/139680</id>
            <author>
                <name> <![CDATA[kalkinemedia.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Highlights


Resource and technology sectors remained active across Australian equities.


PLS, NVX, ZIP and CXO contributed to broader market participation.


Industrial and mining companies continued driving sector attention.



Australian equities remained active as PLS, NVX, ZIP and CXO contributed to broader market participation across mining, technology, and industrial sectors.
Australia’s equity market continues reflecting participation from mining, industrial, technology, healthcare, and financial services sectors, with broader activity shaped by commodity developments, infrastructure participation, and industrial operations. Companies operating across these industries contribute to commercial activity through exports, technological systems, manufacturing operations, and infrastructure coordination. Businesses represented within the ASX 200 continue influencing broader market participation through diversified sector activity.
Pilbara Minerals (ASX:PLS), Novonix (ASX:NVX), Zip Co (ASX:ZIP), and Core Lithium (ASX:CXO) remained connected with broader market participation through activity linked to battery minerals, technology systems, financial services, and industrial operations. Resource businesses continue contributing to Australia’s export systems, industrial supply chains, and operational infrastructure linked to commodity participation across global markets.
Resource Sector Participation Across Australian Equities
The resource sector remains one of the largest contributors to Australia’s equity market through mining operations, export systems, and industrial participation linked to commodities such as lithium, iron ore, copper, and gold. Mining businesses continue maintaining infrastructure systems involving extraction activity, transportation coordination, processing operations, and export participation connected with international industrial frameworks.
Lithium and battery minerals companies remain associated with broader developments...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:24:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Green &amp; Gold Minerals rock chips flag Mt Gossan and Siberia as choice drilling areas]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/green-gold-minerals-rock-chips-flag-mt-gossan-and-siberia-as-choice-drilling-areas-20260511" />
            <id>https://newswires.com.au/139684</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Green &amp; Gold rock chips return copper, silver, tin and indium mineralisation from Mt Gossan and Siberia
Mt Gossan breccia has potential for thickening of mineralisation and repeats of lode structure
Siberia vein system has 5km of outcrop, high grades and substantial resource potential

 
Special Report: Rock chip sampling at Green &amp; Gold Minerals’ Herberton Conductor Metals project in North Queensland highlights the potential of the Mt Gossan and Siberia prospects to host large-scale copper, silver, tin and indium mineralisation.
Both prospects are being prepared for drilling after the sampling returned results including:

23.3% Cu, 4.2% Sn, 126g/t Ag, 419g/t In and 0.2% tungsten
24.7% Cu, 281g/t In, 0.9% Sn, 57g/t Ag and 0.06% W; and
21.7% Cu, 293g/t Ag, 558g/t In, 0.4% Sn and 3.7% zinc.

While known for its historical tin mining, the tenements within the Herberton Tin Field area held by Green &amp; Gold Minerals (ASX:GG1) are also known to host a large copper and silver dominant zone.
Exploration by Iltani Resources (ASX:ILT) and unlisted company Dover Castle Metals over a separate silver, lead and zinc dominant zone in the region defined large, nationally significant resources.
The company aims to replicate the success of its neighbours by identifying similar large-scale opportunities in the copper, silver, indium and tin dominant zone.
 
Herberton Conductor Metals project. Pic: Green &amp; Gold Minerals 
New prospects
Mt Gossan prospect is part of the 5km east-west striking mineralised Siberia lode structure.
The Mt Gossan breccia is up to 210m long and 125m wide and has never been drilled despite being considered highly prospective for larger breccia style thickening of mineralisation and repeats of the lode structure.
The Siberia lode outcrops to the north and east of the breccia, where it is ~2m thick and was mined via the Mt Gossan mine adit on the northern slope of Mt Gossan and a series of shafts and drives on the eastern slope.
Portable XRF readi...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:17:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[ASX 200 Market Watch: Which Stocks Drew Heavy Interest?]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/asx-200-market-watch-which-stocks-drew-heavy-interest-20260511" />
            <id>https://newswires.com.au/139681</id>
            <author>
                <name> <![CDATA[kalkinemedia.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Highlights


Australian equities reflected changing participation across technology, mining, and retail sectors.


Several ASX-listed companies remained active amid broader market fluctuations.


Market attention continued across heavily traded and closely monitored Australian shares.



Australian equities reflected active participation across mining, retail, healthcare, and technology sectors as benchmark ASX indices tracked broader market activity.
Australian equities continued attracting broad market attention as technology, retail, mining, and healthcare companies remained active across the ASX 200 and the wider Australian share market. Benchmark indices reflected changing participation levels across sectors connected with domestic and international commercial activity.
Several ASX-listed companies including Paladin Energy Ltd (ASX:PDN), Liontown Resources Limited (ASX:LTR), and other widely monitored businesses remained visible throughout trading activity linked with resource operations, technology systems, and retail participation. Australian market sectors continued responding to developments across commodities, infrastructure, and enterprise activity.
Australian equities continue representing businesses operating across mining infrastructure, financial services, healthcare systems, retail commerce, and industrial operations. These industries contribute significantly to domestic economic participation and broader commercial connectivity.
Benchmark indices also continue reflecting activity from companies operating across enterprise technology, logistics networks, energy infrastructure, and telecommunications services supporting Australia’s evolving economic environment.
Mining and Resource Companies Continue Market Visibility
Mining and resource businesses remained closely followed across Australia’s listed market as companies operating in lithium, uranium, gold, and diversified mineral sectors continued supporting commercial resource activ...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:14:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[A new dawn: Japan and Australia make it officially critical]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/a-new-dawn-japan-and-australia-make-it-officially-critical-20260511" />
            <id>https://newswires.com.au/139685</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Heightened pursuit of critical minerals among friends for economic and national security
Projects aplenty from coast to coast as Australian state and federal governments weigh in
Six Australian projects earmarked as strategically important in landmark agreement

 
Special Report: A host of advanced critical minerals projects are poised to serve the interests of Australia and Japan, breaking China’s chokehold and plugging supply chain vulnerabilities in mining, refining and advanced manufacturing.
Iron ore from BHP’s Mount Whaleback mine and coal from the east coast forged the steel that rebuilt the cities of Japan after WWII.
Now, in another century, Japan is rocking up to Australia and looking to the nation’s critical minerals and rare earths for economic and national security.
“The world faces intensifying geopolitical competition and a shaking of the international order,” Japan’s Prime Minister Sanae Takaichi said during a state visit.
“Both our nations face the challenge of promoting our freedom to decide for ourselves and strengthening resilience … it is imperative that we further deepen our co-operation on economic security, including the strengthening of supply chain resilience.
“I look forward to forging an even deeper bond with Prime Minister Albanese who, like me, has a real passion for rock music.”
 
Rock-solid supplies
Addressing the most urgent supply chain vulnerabilities in mining, refining and advanced manufacturing, six projects were highlighted in a deal signed by the musical PMs in Canberra on May 4 that recognised they were ahead of the curve but needed to do much more.
These included the pioneering Lynas Rare Earths (ASX:LYC) project, a flagship initiative that dates back to 2011.
The joint venture between Sojitz Corporation and JOGMEC, which is the Japanese agency responsible for securing their supply of resources, provided equity and loan financing for light rare earth production.
The project reached a further milestone in 2025 with the start...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:14:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[This ASX 200 stock is rocketing 10% after a surprise profit update]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/this-asx-200-stock-is-rocketing-10-after-a-surprise-profit-update-20260511" />
            <id>https://newswires.com.au/139696</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Metcash Ltd (ASX: MTS) shares are racing higher on Monday after the wholesale distributor released a much stronger earnings update.



At the time of writing, the Metcash share price is up 10.22% to $3.02.



Today's rally gives shareholders some relief after a weak stretch for the stock. Metcash shares remain down around 8% in 2026 and about 9% over the past year. 



Here's what the company said.



Profit guidance comes in stronger



According to theÂ release, Metcash expects to deliver underlyingÂ net profit after tax (NPAT)Â of between $268 million and $270 million for FY26. 



The company said the result was helped by a stronger second half and continued discipline in costs, capital spending, and working capital.



Revenue growth was positive, although fairly modest at the headline level. Metcash expects group revenue to rise 0.7%. Excluding tobacco, revenue is expected to increase 3.8%. 



That gap is worth watching because tobacco continues to weigh on the Food division. Without tobacco, the rest of the business looks in better shape.



Food revenue is expected to come in at $10.5 billion, down 0.6%. But excluding tobacco, Food revenue is expected to rise 5.4%.



Liquor revenue is expected to increase 1% to $5.4 billion, while Hardware &amp; Tools revenue is expected to rise 4.3% to $3.7 billion.



The numbers are still preliminary and unaudited, with Metcash due to release its full-year results on 22 June.



Hardware sales start to recover



Metcash said sales momentum improved in the second half, reflecting the pricing and range initiatives already in place.



Total Tools sales grew 6.7%, while Hardware sales rose 3.7%.



While trade market conditions remain soft, Metcash said the recovery has taken a little longer than first expected.



The company also said earnings in Hardware &amp; Tools were affected by margin pressure, particularly in Victoria and Tasmania.



Cash flow gives investors another boost



Metcash also pointed to stronger cas...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 12:13:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[What world-leading news is driving shares in this junior ASX mining company higher today?]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/what-world-leading-news-is-driving-shares-in-this-junior-asx-mining-company-higher-today-20260511" />
            <id>https://newswires.com.au/139675</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Aldoro Resources Ltd (ASX: ARN) has confirmed its Kameelburg project as the world's largestÂ strontium resource, sending its shares higher on Monday.



Resource grows even larger



The company said in a statement to the ASX that it had a "globally significant" rare earth element resource of 597.07 million tonnes at a grade of 2.49%, which was a 15% increase in tonnage from its previous resource update in September last year.



The new resource was based on 29 new diamond drill holes at the project.



Aldoro said there were four distinct revenue streams from the project, which is located in Namibia, those being rare earth oxides, niobium pentoxide, strontium carbonate and potentially magnetite-hosted iron by-product.



Aldoro Chair Quinn Li said regarding the new resource:




This updated Resource represents another transformational step-change for the Kameelburg Project and further confirms the emergence of one of the world's most significant multi-critical minerals systems. Not only has the total resource tonnage continued to grow at consistent grade, but the high-grade core has more than doubled in scale. Importantly, we have now formally declared a maiden strontium resource and by-product credit, positioning Kameelburg as the largest known strontium resource globally. This is a major milestone for Aldoro and further highlights the unique strategic value of the project.




Ms Li said there had been "outstanding" metallurgical leach recoveries for strontium and rare earths, and, "together with the magnetite-rich domains currently being assessed as a potential iron by-product stream, Kameelburg is rapidly evolving into a genuinely world-class, multi-product critical minerals project with the potential to become a long-life global supplier of strategic minerals''.



Aldoro said Namibia was widely recognised as one of the most mining-friendly jurisdictions in Africa, with a well established development framework.



The company added:




The country hosts a p...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 11:58:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[StockTake: Nova freights in heavy kit ahead of antimony mining at Estelle]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/stocktake-nova-freights-in-heavy-kit-ahead-of-antimony-mining-at-estelle-20260511" />
            <id>https://newswires.com.au/139672</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Host Tylah Tully looks at Nova Minerals’ (ASX:NVA) latest news as the company’s winter freight mobilisation program wraps up at the Estelle project in Alaska.
All heavy equipment and supplies for near-term mining, extraction and processing of antimony ore are now on site.
Watch the video to hear the details. 
 
This video was developed in collaboration with Nova Minerals, a Stockhead client at the time of publishing.
The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions. 
The post StockTake: Nova freights in heavy kit ahead of antimony mining at Estelle appeared first on Stockhead.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 11:51:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Lodestar confirms expanded Los Loros potential with geophysics results]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/lodestar-confirms-expanded-los-loros-potential-with-geophysics-results-20260511" />
            <id>https://newswires.com.au/139703</id>
            <author>
                <name> <![CDATA[themarketonline.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Five new copper and gold targets identified at the Águila prospect.



Integrated targeting defines copper-molybdenum porphyry targets.



Historical drilling confirms potential of targets.



Diamond holes underway at Three Saints IOCG project.




Lodestar Minerals (ASX:LSR) has defined five new targets with geophysical survey results within the Águila prospect at the newly acquired Los Loros project in Chile. The new targets align with the surface work completed across the area and delineated targets ranging from 150 metres to 800 metres below surface.



Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.



The targets have also been confirmed by historical drilling, Lodestar said today, with results including 136m at 0.20% copper equivalent (CuEq).



“At the Los Loros project, these five new IP targets are aligned with the surface expressions and historical drilling across the Águila prospect, proving that the potential of this project is entirely preserved,” CEO and executive director, Coraline Blaud, explained.



“We are very pleased with the results and are looking forward to starting our first drilling campaign at the Los Loros Project, which will target the copper-molybdenum porphyry as well as the high-grade epithermal gold system.



Ms Blaud added that at the Three Saints project, maiden drilling has been an outstanding success, delineating a new, large IOCG system in a fully covered area.



The company chief said Lodestar “interprets [that] to be similar in terms of mineralisation and alteration style to the outer zone of the significant Candelaria IOCG deposit in the region. Three Saints has a huge potential; however, it will require a review of the newly acquired data to direct the next phase of diamond drilling. We are looking forward to drill deeper into the system targeting the potential copper-rich core.



“Having two projects in Chile with...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 11:50:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Alicanto taps ex-Liontown CFO for Mt Henry growth]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/alicanto-taps-ex-liontown-cfo-for-mt-henry-growth-20260511" />
            <id>https://newswires.com.au/139677</id>
            <author>
                <name> <![CDATA[mining.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Alicanto Minerals (ASX:AQI) has appointed Graeme Pettit as Chief Financial Officer (CFO) to strengthen its executive team during a growth period at the Mt Henry Gold Project in Western Australia.



Pettit is a chartered accountant who has nearly 20 years of experience with mining and resources companies in the exploration, development, construction, and operation phases. 



He recently served as the interim CFO for Liontown Resources (ASX:LTR), supporting equity and debt financing initiatives for developing the Kathleen Valley Lithium Project in Western Australia.



Pettit has also worked with Tianqi Lithium Energy Australia, EMR Capital, and Wolf Minerals, which went into receivership in 2018, in senior finance and commercial roles.



Alicanto says Pettit will bring “significant experience” in corporate finance, project development, operational finance, capital allocation, and the implementation of financial systems. 



He will step into the role before 30 June 2026, taking over Susan Field’s existing role.



CEO Jeff Sansom says the appointment of Pettit as CFO will strengthen the company’s executive capability as it seeks to grow Mt Henry’s existing 915,000 ounce resource.



“The quality of talent we are attracting reflects the scale of the opportunity emerging at Mt Henry and the momentum continuing to build across the business,” Sansom says.



“Graeme brings high-calibre experience across growth-focused mining businesses, including financing, project development, operational readiness, and the establishment of scalable finance functions. 



“As we continue to advance the largest drilling program ever undertaken at Mt Henry, with initial assay results expected in the coming weeks, Graeme joins Alicanto during an exciting period of growth and momentum. 



“I would also like to recognise Susan Field for her contribution, support, and professionalism over her many years with the company.



“Sue has been a highly valued member of the team and has contribu...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 11:46:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Why is this ASX 300 food stock racing higher today?]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/why-is-this-asx-300-food-stock-racing-higher-today-20260511" />
            <id>https://newswires.com.au/139697</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[S&amp;P/ASX 300 Index (ASX: XKO) food stock Inghams Group Ltd (ASX: ING) is charging higher 6.2% to $1.80 on Monday. The market reacted positively after the chicken and turkey producer reassured investors with a steady earnings outlook and signs of improving operational momentum. 



Despite today's rally, the ASX 300 stock remains heavily down over longer periods. Inghams shares have fallen 28% year to date and are down 53% over the past 12 months. By comparison, the S&amp;P/ASX 300 Index (ASX: XKO) has gained around 5% over the same period.



So, what exactly did the ASX 300 stock report?



Poultry volumes and prices rise



The ASX 300 food stock reaffirmed FY26 underlying EBITDA guidance of between $180 million and $200 million before AASB 16 adjustments, giving investors confidence that trading conditions have stabilised despite ongoing cost pressures.



Inghams also revealed that group core poultry volumes rose 1.1% during the first nine months of FY26 compared with the prior corresponding period. At the same time, core poultry net selling prices also increased 1.1%.



Investors appeared particularly encouraged by the ASX 300 stock's operational progress and cost-saving measures. Inghams said its annualised cost-saving initiatives are expected to deliver between $60 million and $80 million in benefits. 



Inghams additionally revised FY26 capital expenditure guidance to approximately $80 million.



Commenting on the result, Chief Executive Officer and Managing Director Ed Alexander said:




We are seeing improved operational performance and positive momentum from initiatives already delivered, while reaffirming our FY26 guidance in a challenging environment.




Reduced frozen inventory



The ASX 300 food stock highlighted stronger operational execution across several areas, including yield improvements, labour productivity, and inventory management. Inghams also reduced frozen inventory by $25 million, helping improve system balance and strengthen cas...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 11:42:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[StockTake: Power prepares to drill into high-grade Brazilian REE project]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/stocktake-power-prepares-to-drill-into-high-grade-brazilian-ree-project-20260511" />
            <id>https://newswires.com.au/139673</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Host Tylah Tully looks at Power Minerals (ASX:PNN) maiden diamond drilling campaign at the Morro do Ferro rare earths project in Brazil, which is targeting an expansion of existing high-grade mineralisation and hoping to pave the way for maiden resource estimate.
The campaign will include about 3000 metres of diamond core drilling alongside another 800 metres of larger-diameter drilling to provide material for metallurgical test work.
Tune in to hear about the latest.
 
This video was developed in collaboration with Power Minerals, a Stockhead client at the time of publishing.
The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions. 
The post StockTake: Power prepares to drill into high-grade Brazilian REE project appeared first on Stockhead.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 11:37:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Buy, hold, sell: ANZ, Eagers, and Woolworths shares]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/buy-hold-sell-anz-eagers-and-woolworths-shares-20260511" />
            <id>https://newswires.com.au/139698</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[If you are on the lookout for some new portfolio additions, then it could be worth hearing what analysts are saying about the ASX shares named below, courtesy ofÂ The Bull.
Are they bullish, bearish, or something in between? Let's find out.

ANZ Group Holdings Ltd (ASX: ANZ)
Sanlam Private Wealth has named ANZ shares as a sell this week.
Although the big four bank has been performing well, it is concerned that higher interest rates could lead to mortgage and credit card holders struggling to keep up with repayments. It said:
The bank delivered a cash profit of $3.780 billion in the first half of 2026, up 14 per cent, excluding significant items, on the second half of 2025. Return on equity was up 149 basis points. The company posted an interim dividend of 83 cents a share, with franking increased to 75 per cent. The company's share price has performed well in the past 12 months. Our concern is higher interest rates potentially increasing provisions as mortgage and credit card holders struggle to meet increasing repayments in a weaker economy. It may be prudent to trim holdings and take some profits.

Eagers Automotive Ltd (ASX: APE)
The team at Capital Wealth has named this auto retailer as an ASX share to buy this week.
It believes the company is well-placed to benefit from growing electric vehicle demand. It explains:
Eagers is Australia's largest automotive retailer. In recent months, APE has benefited from a sharp uplift in electric vehicle demand, with EV sales across Australia booming in March. APE posted revenue of $13 billion in full year 2025, up 16.5 per cent on the prior corresponding period. The company grew its share in the new vehicle market to 13.9 per cent, up from 11.5 per cent in full year 2024. Elevated fuel prices and ongoing dealership acquisitions support increased exposure to APE.

Woolworths Group Ltd (ASX: WOW)
Capital Wealth is feeling less positive on this supermarket giant. It has named Woolworths shares as a hold this week.
Although it s...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 11:33:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Investability’s Deals at Dusk in Sydney]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/investabilitys-deals-at-dusk-in-sydney-20260511" />
            <id>https://newswires.com.au/139678</id>
            <author>
                <name> <![CDATA[mining.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Held on the evening of Wednesday 6 May 2026, the Deals at Dusk event — presented by  Investability — provides investors with a unique opportunity to network, enjoy food and drinks, and watch a live band, all while listening to compelling CEO pitches.



Following a jam-packed schedule at RIU Sydney at the Hyatt Regency, the Royal Exchange of Sydney overflowed with investors listening to presentations from mining exploration companies, including (in order of presentation)  American West Metals (ASX:AW1), Castile Resources (ASX:CST),  Critica (ASX:CRI),  Santana Minerals (ASX:SMI), True North Copper (ASX:TNC), and West Coast Silver (ASX:WCE).



Host and Investability Principal Dannika Warburton says, “We’ve got over 200 investors registered for the evening, six presenters — six mining companies hand-picked by us that we believe have good stories for the investment community to hear.”



“We have a Q&amp;A hosted by leading analyst Michael Orphanides, previously at Tribeca, who has now just recently moved to Peloton Capital. He’ll be putting the presenters through their paces, asking them all the questions you need to know to make an assessment about investing in their companies.



“We’re providing an opportunity for the Sydney investment community to have an informal investment event to hear some interesting company stories and network with their peers.”



Highlights of the event include Critica’s presentation on rare earths and other critical minerals. CEO Jacob Deysel asks: “What is the most important component of your mobile phone? It’s not the screen… it’s not the battery… it’s the invisible rare earth elements (REE) that make it all possible.”



Deysel says the REE market is extremely concentrated: China controls most of the supply, including metals such as gallium, tungsten, and tin. Markets are recognising this supply issue/bottleneck and governments are investing in domestic explorers to get the control of supply out of China’s hands.



Deysel says Critic...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 11:28:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Top 10 at 11: ASX opens red as small cap miners stake new ground]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/top-10-at-11-asx-opens-red-as-small-cap-miners-stake-new-ground-20260511" />
            <id>https://newswires.com.au/139674</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Morning, and welcome to Stockhead’s Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading.
With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks off in earnest.
In brief, this is what the market has been up to this morning.
The S&amp;P ASX 200 opened sharply lower this morning, down 0.95% as of 10.30 am AEST with just materials and energy edging into the green.
US President Trump rejected Iran’s latest peace proposal over the weekend, sending oil prices spiking once again.
Brent crude rose 3% overnight to sit above US$104 a barrel, setting the scene for a rough day on the Australian market despite fresh all-time highs on Wall Street on Friday.
131 (65.5%) of 200 stocks are in retreat.
Healthcare is leading losses after CSL (ASX:CSL) downgraded its FY26 guidance; the stock is already down almost 20% in this first hour of trade.
 
SMALL CAP WINNERS





Code 
Name 
Last 
% Change 
Volume 
Market Cap 



MCO 
Myeco Group Ltd 
0.019 
90% 
4361572 
$6,036,100 


IOV 
Ion Video Ltd 
0.39 
34% 
175945 
$29,322,476 


FHS 
Freehill Mining Ltd. 
0.002 
33% 
504009 
$6,074,780 


NES 
Nelson Resources. 
0.004 
33% 
1304461 
$8,214,783 


RKB 
Rokeby Resources Ltd 
0.004 
33% 
1275024 
$5,479,683 


ROG 
Red Sky Energy. 
0.002 
33% 
797454 
$9,333,341 


SPX 
Spenda Limited 
0.002 
33% 
1909795 
$8,840,339 


FMR 
FMR Resources Ltd 
0.265 
33% 
243910 
$9,821,953 


ADR 
Adherium Ltd 
0.0025 
25% 
337122 
$10,747,461 


CT1 
Constellation Tech 
0.0025 
25% 
167715 
$2,949,467 





WordPress Table
 
In the news…
MyEco Group (ASX:MCO) has launched a global recycled standard-certified (GRS) post-consumer recycled garbage bag range in an exclusive deal with Woolworths (ASX:WOW).
The three new bin liner products will be available from May 25, representing the first fully GRS-certified bin liner to be sold through a major Australian supermarket.
MCO’s product range aligns with Australia’...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 11:10:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Aldoro Resources Adds World&#039;s Largest Strontium Resource to Expanded REE Deposits at Kameelburg]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/aldoro-resources-adds-worlds-largest-strontium-resource-to-expanded-ree-deposits-at-kameelburg-20260511" />
            <id>https://newswires.com.au/139676</id>
            <author>
                <name> <![CDATA[smallcaps.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[]]>
            </summary>
                                    <updated>Mon, 11 May 2026 11:09:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[CSL shares suffer their biggest one-day crash ever! What just went wrong?]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/csl-shares-suffer-their-biggest-one-day-crash-ever-what-just-went-wrong-20260511" />
            <id>https://newswires.com.au/139699</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[CSL Ltd (ASX: CSL) shares are being hammered on Monday after the healthcare giant released another painful update to the market.



At the time of writing, the CSL share price is down 20.60% to $95.19. 



That marks the company's biggest one-day loss on record and adds to what has already been a brutal fall for shareholders. CSL shares are now down 45% in 2026 and more than 60% over the past year.



Here's why investors are rushing for the exits.



Guidance gets cut again



According to the release, CSL has lowered its FY26 outlook after interim CEO Gordon Naylor completed his 90-day review.



The company now expects FY26 revenue of about US$15.2 billion on a constant currency basis. It also expects NPATA of about US$3.1 billion, excluding restructuring costs and impairments.



That is a step down from FY25, when CSL reported revenue of US$15.6 billion and profit of US$3.3 billion on a constant currency basis.



The update follows a difficult first half and another reset in expectations. CSL said its growth initiatives are working, but the financial benefits will take longer than previously expected.



What has gone wrong?



There are a few moving parts behind the downgrade.



In US immunoglobulin, CSL said demand is still growing at mid to high single digits. However, the normalisation of channel inventory is expected to hit revenue by about US$300 million.



In China, albumin volumes have stabilised, and CSL's market share has expanded. But market value has declined, creating an expected revenue impact of about US$200 million.



Other pressures include the Middle East conflict, slower Hemgenix growth, and competition in iron. Together, these are expected to have a revenue impact of about US$150 million.



The better news is that CSL Behring is still expected to grow revenue in the second half. CSL Seqirus is also expected to perform moderately better than previously expected.



More impairments to come



The other big number in today's release is th...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 11:02:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Redcastle obtains positive diamond drilling results in Eastern Goldfields]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/redcastle-obtains-positive-diamond-drilling-results-in-eastern-goldfields-20260511" />
            <id>https://newswires.com.au/139704</id>
            <author>
                <name> <![CDATA[themarketonline.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Diamond drilling strengthens Redcastle Reef, Queen Alexandra deposits.



High-grade intervals drilled in initial holes.



Stacked, multi-lode shear-hosted gold system identified.



Interpreted lodes extend beneath and beyond current 2025 MRE conceptual pit.




Redcastle Resources (ASX:RC1) has obtained promising assay results from a recently completed five-hole diamond drilling program at the Redcastle Reef and Queen Alexandra gold deposits in the Eastern Goldfields.



Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.



The program was completed by BML Ventures on behalf of the Redcastle–BML Joint Venture and was designed to confirm geological and structural confidence within Redcastle’s principal near-term development areas.



The program followed recent mining development and closure proposal (MDCP) approval, completion of RR grade-control drilling and recent QA infill drilling and is intended to provide additional core-based geological and structural information to support mine planning, ore delineation and operational execution across the RR-QA development area.



“This diamond core program reinforces our confidence in the RR–QA short-term development pathway,” Chairman Dr Ray Shaw said.



“The core intersections of the Kestrel and Hawk Lodes at QA have already verified RC1’s original pre-drill interpretation. Ongoing interpretation is expected to provide better insights into the geological controls on mineralisation, insights will inform further refinement of mine planning and scheduling.



“Within the context of the BML JV and the company’s capital-light structure, we are now seeing the key elements — geology, approvals and development — coalescing toward the reality of near-term mining.”



The program was designed to provide fresh core information that complements the completed RR grade-control dataset and recent QA drilling.



Dr Shaw said diam...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 10:59:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Expert names 2 ASX dividend shares to buy]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/expert-names-2-asx-dividend-shares-to-buy-20260511" />
            <id>https://newswires.com.au/139665</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[If you are searching for ASX dividend shares for your income portfolio, then it could be worth hearing what one expert is recommending this week, courtesy of The Bull.
Here's what Sanlam Private Wealth has named as buys on Monday:

BWP Trust (ASX: BWP)
This Bunnings-focused property company could be an ASX dividend share to buy according to Sanlam Private Wealth.
It likes the company due to its defensive qualities and reliable cash flows. It explains:
BWP is a real estate investment trust. It's the biggest owner of Bunnings Warehouse sites in Australia, with a portfolio of 66 stores. The group's income profile is characterised by high occupancy, long lease terms and strong tenant quality. Long-dated leases provide income visibility and steady rental growth. BWP presents as a defensive property investment entering a more proactive phase and recently trading on an annual yield of almost 5 per cent. BWP appeals to investors in uncertain times as it offers low tenant risk and reliable cash flow.
Consensus estimates are for dividends per share of 19.4 cents in FY 2026 and then 19.8 cents in FY 2027. Based on its current share price of $3.84, this would mean dividend yields of 5% and 5.15%, respectively.

IVE Group Ltd (ASX: IGL)
Another ASX dividend share that Sanlam Private Wealth is tipping as a buy this week is diversified marketing company IVE Group.
It highlights its generous dividend yield and share buy-back as reasons to be positive on the stock. It said:
IVE is a diversified marketing company. The company has generated growth via an acquisition strategy. Management has largely integrated these businesses smoothly, delivering synergies and cost reductions. Management execution is an under-rated strength. The company has initiated a share buy-back and the stock was recently trading on a fully franked dividend yield of almost 7 per cent, enhancing its income appeal. The stock is trading at a discount, in our view.
IVE isn't widely covered in the broker community, so...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 10:55:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Colosseum BFS positions Dateline for near-term gold production]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/colosseum-bfs-positions-dateline-for-near-term-gold-production-20260511" />
            <id>https://newswires.com.au/139670</id>
            <author>
                <name> <![CDATA[mining.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Dateline Resources (ASX:DTR) has presented a Bankable Feasibility Study (BFS) for the wholly owned Colosseum Gold and Rare Earth Element Project in California, US, outlining “robust gold development” with significant forecast margins.



Key highlights from the BFS include pre-tax free cash flow of US$1.08 billion and net present value of US$785 million at a 5% pre-tax discount.



Using a base-case gold price of US$4,200 per ounce, the BFS outlines a 49.5% IRR, rising to 59.5% using the spot price of US$4,700 ($6,494.6) per ounce.



The BFS also outlines average annual gold production of 75,000 ounces over the first six years of the mine, and total gold production of 573,000 ounces over its 10.4-year mine life.



Managing Director Stephen Baghdadi says that the company has recognised the “significant potential” of Colosseum since acquiring the project in 2021.



“The near vertical nature of mineralisation associated with the breccia pipes demonstrates excellent continuity that continues with depth,” Baghdadi says.



“Since the original Scoping Study was completed in October 2024, we have continued to see strength in the gold sector, with the project forecast to generate operating margins of greater than $2,500 per ounce.



“With the BFS complete and Front-End Engineering Studies (FEED) well underway, our engagement with project financiers is advancing as we look to secure the funding required to commence production as soon as possible.”



The BFS outlines front-loaded mining for the first six years, including a carbon-in-leach processing plant with a capacity of 2 million tonnes per annum, metallurgical recovery averages of 91% over the life of the mine, and 100% of ore mined within this timeframe. 



The BFS has also estimated a requirement of $249 million, with an additional $25 million required to commence production. Dateline has $88 million in cash and equivalents at present and will seek project financing to advance the project.



Dateline Resources i...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 10:55:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[ASX 300 Battery Sector Watch: Is Altech Batteries (ASX:ATC) Reshaping Its Project Strategy?]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/asx-300-battery-sector-watch-is-altech-batteries-asxatc-reshaping-its-project-strategy-20260511" />
            <id>https://newswires.com.au/139664</id>
            <author>
                <name> <![CDATA[kalkinemedia.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Highlights


Altech Batteries remained active within the battery materials sector.


Project restructuring activity attracted broader market attention.


Energy-transition technologies continued supporting clean-tech participation.



Altech Batteries remained under focus as battery-material operations, industrial restructuring activity, and energy-transition technologies continued shaping Australia’s clean-tech sector.
Australia’s battery materials and clean-technology sector continued attracting market participation as companies connected to advanced energy storage technologies remained visible across the ASX 300. Businesses operating within battery innovation, mineral processing, and energy-transition infrastructure continued contributing to broader activity throughout Australian equities.
The battery materials industry remained closely linked to global developments connected to renewable energy systems, electric transportation infrastructure, and industrial electrification. Companies associated with advanced battery components, energy storage systems, and mineral refinement maintained strong visibility across the broader materials sector.
Altech Batteries (ASX:ATC) remained under attention following developments connected to its Silumina Anodes project, with the company outlining changes linked to operational direction and project planning activity within the battery materials industry.
Australia’s clean-energy technology sector continued reflecting strong participation across battery minerals, industrial processing systems, and advanced manufacturing operations. Businesses connected to lithium, graphite, silicon, and rare earth supply chains remained highly relevant throughout the market environment.
Battery-material companies also remained closely connected to developments across energy infrastructure and industrial manufacturing. Demand for energy-storage technologies and battery supply-chain expansion continued shaping participation across...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 10:54:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Up more than 400% in a year, this ASX defence stock is charging higher again on a new partnership]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/up-more-than-400-in-a-year-this-asx-defence-stock-is-charging-higher-again-on-a-new-partnership-20260511" />
            <id>https://newswires.com.au/139700</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Shares in Adisyn Ltd (ASX: AI1) were trading higher on Monday morning after the company said it had struck a strategic agreement to fast-track production of graphene stealth components for drones. 



Collaboration with Israeli company



The company said in a statement to the ASX that its subsidiary 2D Radar Absorbers had signed a memorandum of understanding with Raval A.C.S. Ltd to co-develop graphene-enhanced injection-moulded parts for radar absorption in drones and unmanned aerial vehicles.



Adisyn said Raval was one of Israel's largest plastics groups with CY2025 revenue of about â¬201 million and 1,220 staff across 11 global facilities supplying major automotive OEMs and tier-1 suppliers.



The company added:




The collaboration combines 2D Radar's graphene-based stealth materials platform – underpinned by exclusive worldwide rights licensed from Tel Aviv University – with Raval industrial scale, automotive grade quality systems and serial production capabilities, providing Adisyn with a direct route from development to commercial manufacturing.




Adisyn said Raval had a high level of expertise, with "a development team with engineering, simulation and tooling capabilities that are rare in the Israeli industrial landscape, spanning structural design, crash and impact simulation, moldflow injection-moulding analysis and topology optimisation''. 



Raval's customers include Volkswagen, BMW, Mercedes, Porsche, and others, Adisyn said, adding that the high standards demanded by the automotive sector "are demonstrably suitable for the demanding requirements of defence and drone customers''.



Adisyn said further: 




While numerous laboratories and small companies offer materials development services, engaging such partners typically forces a long and uncertain phase of adapting laboratory results to the devices, tooling and production technologies of an eventual manufacturer. The Raval collaboration is structurally different. Development will be conduc...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 10:52:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Contract awarded for Conrad Asia Energy’s Mako]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/contract-awarded-for-conrad-asia-energys-mako-20260511" />
            <id>https://newswires.com.au/139671</id>
            <author>
                <name> <![CDATA[mining.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Engineering, procurement, construction, installation, and commissioning company Timas Suplindo has won the subsea umbilical, flowline, and riser (SURF) tender at Conrad Asia Energy’s (ASX:CRD) Mako gas field in Indonesia’s West Natuna Sea.



Timas will verify front-end engineering and design, as well as execute detailed engineering designs for the SURF system. This includes flowlines, export pipeline, risers, subsea structures, umbilical, and installation engineering.



Timas will also procure all contractor furnished materials. It will manage, store, and integrate line pipes, umbilical, subsea pipeline commissioning systems, subsea valves, and company furnished materials.



Along with these, the company will fabricate, assemble, coat, inspect, and test subsea structures and associated SURF components.



It will manage load-out, transport, and offshore installation of flowlines, export pipeline, subsea structures, risers, umbilical, and tie-ins.



Timas will also perform cleaning, gauging, hydrotesting, dewatering, and leak testing. It will likewise support Conrad subsidiary West Natuna Exploration during commissioning and start-up.



A formal contract signing ceremony was held at the Shangri-La Hotel in Jakarta on 7 May 2026.



“Securing this agreement is a major milestone for the Mako project and underscores our continued progress into the execution phase. We are very pleased to be working with Timas on this key element of the development,” Conrad Managing Director and CEO Miltos Xynogalas says.



The mobile offshore production unit has a design capacity of 172 million standard cubic feet per day. Sales gas will be transported via a 59km-long and 18-inch-wide pipeline to the keyframe fixed platform in the adjoining Kakap production sharing contract. 



It will then pass through the West Natuna transportation system pipeline for the Indonesian domestic market.



Total capital expenditure to first gas is estimated to be US$320 million ($441.9 million). The...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 10:51:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Nev Power to take helm of Strike Energy with new chief executive Shelley Robertson]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/nev-power-to-take-helm-of-strike-energy-with-new-chief-executive-shelley-robertson-20260511" />
            <id>https://newswires.com.au/139669</id>
            <author>
                <name> <![CDATA[thewest.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[WA gas play Strike Energy has announced sweeping board and management changes that include a new chair in Nev Power and the appointment of Shelley Robertson as chief executive.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 10:46:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Up 588% in a year, why is this ASX 300 gold stock tumbling today?]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/up-588-in-a-year-why-is-this-asx-300-gold-stock-tumbling-today-20260511" />
            <id>https://newswires.com.au/139666</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[High-flying S&amp;P/ASX 300 Index (ASX: XKO) gold stock Dateline Resources Ltd (ASX: DTR) is taking a tumble today.
Shares in the gold and rare earths explorer closed on Friday trading for 24 cents. In early morning trade on Monday, shares are changing hands for 22 cents apiece, down 8.3%.
For some context, the ASX 300 is down 0.8% at this same time.
Taking a step back, one year ago you could have bought Dateline Resources shares for just 3.2 cents each. That would see you sitting on a gain of 587.5% today. Or enough to turn a $10,000 investment into $68,750.
In one year!
Here's what's catching investor interest today.
ASX 300 gold stock sinks on BFS
Dateline Resources shares are slipping after the company announced the results of the Bankable Feasibility Study (BFS) for its Colosseum Gold and Rare Earth Element (REE) Project, located in the US state of California.
The ASX 300 gold stock is under pressure despite the company reporting that the BFS demonstrates a "robust gold development", which it expects will generate significant margins.
Among the highlights of the BFS was Colosseum's US$1.08 billion undiscounted pre-tax free cashflow estimate. And that increases to US$1.36 billion using the spot gold price.
The project has a net present value (NPV) of US$785 million (pre-tax), which increases to US$999 million using the spot gold price.
Start-up costs for the mine are expected to come in at US$249 million.
And Colosseum is forecast to produce an average of 75,000 ounces of gold per year over the first six years of production. Across the project's 10.4 year mine life, management expects it to produce 573,000 ounces of gold, with production peaking at 102,000 ounces in year six.
The All-in Sustaining Cost (AISC) to produce that gold runn on the higher end of the scale, expected to be US$1,825 per ounce.
What did Dateline Resources management say?
Commenting on the BFS outcome that's yet to lift the ASX 300 gold stock today, Dateline Resources managing director Step...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 10:40:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[2 ASX shares tipped to grow 60% or more in the next 12 months]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/2-asx-shares-tipped-to-grow-60-or-more-in-the-next-12-months-20260511" />
            <id>https://newswires.com.au/139667</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[The best ASX share opportunities to buy today may not be some of the most famous opportunities. They could be significantly undervalued, according to experts. 



The two businesses I want to highlight are names that have fallen heavily in the last few months. But analysts suggest the companies could rise significantly in the next year.



Let's look at two of the ideas that could deliver dramatic market-beating returns.



Objective Corporation Ltd (ASX: OCL)



Objective Corporation says that thousands of public sector organisations are shifting to digital operations using Objective software. It says that it has more than 1,000 customers with a 99% customer retention rate. Impressively, the business invests significantly in research and development each year. 



According to CMC Invest, there have been six recent analyst ratings on the business, with four of those being a buy and two being a hold.



A price target is where analysts think the share price will be in 12 months from now.



Of those six ratings, the average price target is $17.70. That suggests a possible rise of around 60% over the next year, from where it is at the time of writing. 



The ASX share's financials are growing at a pleasing pace. In the FY26 half-year result, revenue grew by 9% to $66.7 million and net profit after tax (NPAT) climbed 10% to $18.7 million.



Its growth remains promising â HY26 annual recurring revenue (ARR) increased by 12% to $120 million. The business is expecting its FY26 ARR growth to be between 10% and 14%. I think many ASX shares would be pleased with that level of growth. Â 



With the Objective Corporation share price down by around 40% in the last six months, it looks much better value.



Adairs Ltd (ASX: ADH)



Adairs sells furniture and homewares across three different businesses â Adairs, Mocka, and Focus on Furniture.



According to CMC Invest, there have been six recent ratings on the business, with three buy ratings and three hold ratings.



T...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 10:17:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Which small-cap ASX share could beat the market over the next 12 months?]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/which-small-cap-asx-share-could-beat-the-market-over-the-next-12-months-20260511" />
            <id>https://newswires.com.au/139668</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Now could be the time to buy Cyclopharm Ltd (ASX: CYC) shares.
That's the view of analysts at Bell Potter, who believe this small-cap ASX share could deliver market-beating returns over the next 12 months.
What is Cyclopharm?
It is a medical device company operating in nuclear medicine.
Bell Potter notes that Cyclopharm's main revenue driver is Technegas, which is a system indicated for functional lung imaging.
The primary use of Technegas is diagnosis of pulmonary embolism in patients contraindicated for a CT scan. It was approved for use in the United States in September 2023.
Bell Potter was pleased with the small-cap ASX share's annual general meeting update. It points out that management remains bullish on the remainder of 2026 and beyond. It said:
The AGM commentary maintains the bullish outlook for the remainder of CY26 and beyond. The CEO re-affirmed guidance for 250 â 300 Technegas generators installed in the US by the end of 31 Dec 2026. There are currently 55 generators in market, hence 195 instals required to meet the bottom end of guidance. We estimate 11 instals in the first 17 weeks of CY26 including 5 since 31 March.
Bell Potter also highlights that the small-cap ASX share has a sizeable pipeline with a high conversion probability. The broker adds:

CYC has 175 contracts signed and awaiting installation with a further 111 at contract review stage and described as a very high conversion probability. Beyond these, the pipeline is extensive with several hundred devices at the proposal stage. Numerous hospital groups have now committed to subsequent devices across locations in their networks, in fact, half the growth (we presume in FY26) is attributable to 2nd and subsequent orders by existing clients. We conclude that the signs are highly encouraging for strong revenue growth in FY26.
~9 weeks remain in the half, hence CYC is on track to hit our forecast of 65 instals in the US by 30 June. The bottom end of the guidance requires an enormous accelerati...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 10:06:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[A rare buying opportunity in 1 of Australia&#039;s top shares?]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/a-rare-buying-opportunity-in-1-of-australias-top-shares-20260511" />
            <id>https://newswires.com.au/139658</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[I'd describe Sigma Healthcare Ltd (ASX: SIG) as one of Australia's top shares because of the growth it's currently achieving and its potential to continue growing at a very attractive rate.



When I look at non-tech names that could deliver the most profit growth over the next five years, I think Sigma Healthcare â the owner of the Chemist Warehouse brand â is one of the most compelling businesses on the ASX.



At the time of writing, the Sigma Healthcare share price is down by approximately 10% from its 2026 high in February 2026. That's not a huge fall, but it has big growth plans so it may be rare for it to be this low again. 



I think this is a good time to look at the business, given it's cheaper and looks more compelling than ever.




Excellent Australian growth




When I think about which businesses are likely to deliver market-beating returns (of more than 10% per year), I think it's a really big help if the business is achieving revenue growth of at least 10% per year. At that pace, I'd call it one of Australia's top shares as long as it's combined with profit growth.



In my view, revenue is one of the biggest drivers of net profit, perhaps the most important one because of how that feeds into a company's other profit lines.



Considering the business is already worth tens of billions of dollars, it'd be understandable for the growth rate to be fairly slow these days. But, Chemist Warehouse is still growing its market share at a very strong pace.



The business recently gave a trading update which included some very positive numbers.



The Chemist Warehouse-branded Australian store network saw total sales growth of 16.7% for the period of 1 July 2025 to 30 April 2026. This isn't just being driven by new stores â it reported that like-for-like (LFL) growth was 14.4%, showing excellent growth at its existing stores.



These sales were strong despite cycling the structural uplift of GLP-1 sales in the second half of FY25. Growth in GLP-1 sale...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 10:00:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Australian Broker Call *Extra* Edition – May 11, 2026]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/australian-broker-call-extra-edition-may-11-2026-20260511" />
            <id>https://newswires.com.au/139659</id>
            <author>
                <name> <![CDATA[fnarena.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[This article is part of the daily news updates from FNArena.com. Stay informed with the latest financial, business, and economic insights.
Written by Admin
An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities.
In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe. One key difference is the *Extra* Edition will not be updated daily, but merely "regularly" depending on availability of suitable quality content. As such, the *Extra* Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update. Investors using the *Extra* Edition as a source of input for their own share market research should thus take into account that information after publication may not be up to date, or yet awaiting another update by FNArena's team of journalists. Similar to The Australian Broker Call Report, this *Extra* Edition includes concise but limited reviews of research recently published by Stockbrokers and other experts, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end of this Report. The Australian Broker Call *Extra* Edition is a summary that has been prepared independently of the sources identified. Readers will check the full text of the recommendations and consult a Licenced Advisor before making any investment decision. The copyright of this Report is owned by the publisher. Readers will not copy, forward or disseminate this Report to any other p...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 10:00:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[‘Swift progression’: Power now seeking MRE baseline at Morro do Ferro after acquiring the asset last month]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/swift-progression-power-now-seeking-mre-baseline-at-morro-do-ferro-after-acquiring-the-asset-last-month-20260511" />
            <id>https://newswires.com.au/139662</id>
            <author>
                <name> <![CDATA[themarketonline.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Power launching its first diamond drilling campaign at Morro do Ferro.



The 3,000m campaign aims to establish a maiden MRE.



Drilling is expected to take three months.




Power Minerals (ASX:PNN) has now started maiden diamond drilling at the Morro do Ferro Rare Earths Project in Minas Gerais, Brazil, hot on the heels of the company’s successful acquisition of the asset last month.



Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.



The May exploration program marks a primary step toward establishing a baseline Mineral Resource Estimate, which Power has set as its first objective.



The campaign is scheduled to start properly later this month, and will cover some ~3,800 metres of diamond core drilling. The explorer is chasing two things in the Poços de Caldas alkaline complex: Lateral extensions of existing high-grade Total Rare Earth Oxides and Magnetic Rare Earth Oxides mineralisation, and representative samples for metallurgical test work to optimise future processing.



“We’re delighted to announce the commencement of our maiden drilling campaign at the Morro do Ferro project,” Power’s CEO, Alistair Stephens, said today.



The campaign is particularly exciting, Mr Stephens explained, because it will “expand the current mineralised footprint along strike and down-dip and enhance… understanding of the mineralogy at the MDF Project [and] help facilitate a swift progression towards a maiden Mineral Resource Estimate for the project.”



Historical diamond drillhole data from the site has already shown significant mineralisation from the surface to the end of hole: 60.85 metres at 89,1177ppm (8.92%) Total Rare Earth Oxides and 70.9 metres at 79,997ppm (8%) TREO.



Ultra-high-grade MREO samples have been recorded recently. Those clocked in as high as 3.48% MTREO over a two-metre interval in drillhole MFSR-47.



“The campaign is expected to be completed...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 09:55:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[ASX Trend Watch: Which Shares Are Breaking Away?]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/asx-trend-watch-which-shares-are-breaking-away-20260511" />
            <id>https://newswires.com.au/139657</id>
            <author>
                <name> <![CDATA[kalkinemedia.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[
Highlights

Resource and technology names lead the latest uptrend scan
Healthcare, banking, and energy stocks appear in downtrend focus
Technical signals highlight sharp sector rotation across the market


 
ASX technical scans show resource and automation stocks gaining strength, while healthcare, banking, property, and energy names remain under selling pressure.
The Australian stock market is showing a clear split between stocks gaining momentum and those facing sustained selling pressure. In the latest ChartWatch ASX scan, several resource, technology, healthcare, banking, and energy names appeared across both uptrend and downtrend lists, giving market watchers a snapshot of where strength and weakness are emerging across the all ordinaries.
ASX uptrends show strength in resources and technology
The latest uptrend scan highlighted several companies showing strong technical momentum, with resource-linked names appearing prominently.
Develop Global Limited (ASX:DVP), a mining company with exposure to base metals and lithium-linked assets, featured among the strongest uptrend candidates. The company has attracted attention as resource-sector momentum continues to build around project development and operational progress.
Metals X Limited (ASX:MLX), a tin-focused resources company, also appeared in the uptrend list, reflecting renewed strength across selected commodity names.
Cufe Limited (ASX:CUF), an emerging resources company, was another notable name showing strong excess demand, highlighting ongoing interest in smaller mining-related stocks.
Robotics ETF reflects innovation-led momentum
Global X Global Robotics &amp; Automation ETF (ASX:ROBO) also appeared among the stronger uptrend charts.
The ETF provides exposure to robotics, automation, and technology-driven innovation themes. Its inclusion reflects broader interest in global automation trends, where artificial intelligence, robotics, and industrial technology continue shaping long-term mark...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 09:51:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Pantoro Gold a winner with significant high-grade discovery at Racetrack]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/pantoro-gold-a-winner-with-significant-high-grade-discovery-at-racetrack-20260511" />
            <id>https://newswires.com.au/139663</id>
            <author>
                <name> <![CDATA[themarketonline.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Strengthens Norseman growth pipeline.



High-grade zone extending from near surface to 600m depth.



High-grade zone remains open to the east and down dip.



Structure interpreted to be analogous to Bullen Reef.




Pantoro Gold (ASX:PNR) has just discovered broad high-grade mineralisation at the Racetrack target at the Norseman gold project in Western Australia. The explorer’s managing director, Paul Cmrlec, says the discovery is a significant addition to Pantoro’s pipeline of high-grade ore sources and has the potential to materially uplift production at the nearby OK underground mine.



Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.



Sitting 600 metres north of OK’s existing infrastructure, the discovery is interpreted as a cross-link structure analogous to the 500,000 ounce Bullen Reef.



“The strike rate for broad, high-grade intercepts within Racetrack has been remarkable, and the scale of the zone identified to date has potential to materially increase the production capacity of the OK Underground Mine once sufficiently drilled and developed,” Mr Cmrlec told shareholders today.



“Critically, with Racetrack sitting just 600 metres from existing OK infrastructure, we have a clear pathway to bringing this ore into production in a capital-efficient manner.”



Wide-spaced drilling along the Racetrack trend indicated the presence of a high-grade zone over a current strike of 400m, extending from near surface to 600m depth.



“With ~1,000 metres of strike between the current results and the Mararoa Reef still to be tested, and the zone remaining open to the east and down dip, we see significant upside from here,” Mr Cmrlec explained.



“Infill and extensional drilling will be progressed rapidly to bring this target to Mineral Resource and Ore Reserve status as soon as possible.”



Significant intercepts from initial drilling at Racetrack returned 8...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 09:33:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[The Monday Report – 11 May 2026]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/the-monday-report-11-may-2026-20260511" />
            <id>https://newswires.com.au/139660</id>
            <author>
                <name> <![CDATA[fnarena.com]]></name>
            </author>
            <summary type="html">
                <![CDATA[This article is part of the daily news updates from FNArena.com. Stay informed with the latest financial, business, and economic insights.
Written by Admin
US markets powered higher on Friday, with both Nasdaq (up 5.5% on the week) and the S&amp;P500 reaching fresh highs. 
The Australian market traded down on Friday but finished slightly higher over the week.
ASX200 futures are pointing to a weak start with President trump rejecting Iran's latest peace offering ahead of the open.
The week opens with a fresh profit downgrade from CSL (where, clearly, the bad news cycle continues).


World Overnight


SPI Overnight
8736.00
– 42.00
– 0.48%


S&amp;P ASX 200
8744.40
– 133.70
– 1.51%


S&amp;P500
7398.93
+ 61.82
0.84%


Nasdaq Comp
26247.08
+ 440.88
1.71%


DJIA
49609.16
+ 12.19
0.02%


S&amp;P500 VIX
17.19
+ 0.11
0.64%


US 10-year yield
0.44
– 0.00
– 0.64%


USD Index
97.78
– 0.39
– 0.39%


FTSE100
10233.07
– 43.88
– 0.43%


DAX30
24338.63
– 324.98
– 1.32%


Good Morning,
The ASX200 finished 14 points (0.17%) higher last week at 8744 doing just enough to snap its three-week losing streak.
The tepid performance came after the Reserve Bank of Australia raised rates by 25 basis points on Tuesday — effectively erasing all 75 basis points of cuts delivered in 2025. 
Adding to the subdued mood, an increasing number of companies are highlighting how the energy shock is weighing heavily on the domestic economy and their operations.
 At the sector level, Materials (up 3.96%), Industrials (up 1.13%), Financials (up 1.02%), and IT (up 0.61%) were the strongest performers.
In contrast, Energy (down -6.12%), Consumer Staples (off -3.15%), Utilities (down -3.13%), and Consumer Discretionary (-2.97%) all had tough weeks.
Tony Sycamore, IG extract
Monday morning also brings yet another fresh profit downgrade, this time from CSL ((CSL)).
In addition to the profit warning, CSL also expects to book about -$5bn in additional non-cash pre-tax impairments over the current and forthcoming fi...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 09:02:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[ADX Energy deepens HOCH-1 as further gas sands raise hopes of richer bounty]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/adx-energy-deepens-hoch-1-as-further-gas-sands-raise-hopes-of-richer-bounty-20260511" />
            <id>https://newswires.com.au/139652</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[
ADX deepens HOCH-1 well to total depth of 1619m to investigate potential of more gas reservoirs
Six thin gas sands were intersected below the Hall Formation (Primary Target)
Company will carry out wireline logging to confirm drill results before production testing to estimate reserves

 
Special Report: ADX Energy has wasted no time following up on the intersection of an additional six thin gas sands at the Hochfield-1 exploration well in Upper Austria by deepening the well.
The well in the ADX-AT-I exploration licence initially encountered biogenic (100% methane) gas-filled Hall Formation reservoirs at a depth of about 1354m and 1368m, providing  validation that primary target has been encountered at this location.
Similar Hall Formation wells in the region have recorded initial production rates of up to 9 million standard cubic feet of gas per day.
The Hochfield-1 (HOCH-1) well has been deepened  to intersect a further “additional six sands” with thicknesses of 1-2m and high gas levels below the Hall Formation at depths between 1368m and the well total depth of 1619m. 
The additional six sands have not been included in ADX Energy (ASX:ADX) original prospective resource assessments HOCH but may add substantial additional production and reserves potential. 
“The HOCH-1 well continues to provide encouraging results for ADX and its partner,” executive chairman Ian Tchacos said. 
“The deeper, thinner Base Hall formations encountered within the well below the 3D seismic well-defined primary (Basin Floor) target are of economic interest. 
“Analogous Base Hall reservoirs have provided meaningful contributions to production rates and reserves in other nearby wells in the basin. 
“Due to the deepening of the well, we anticipate further reporting in relation to the logging program after the weekend and in all likelihood a testing program within a few weeks.”
 
Shallow gas exploration
ADX is now preparing to carry out the previously scheduled wireline logging operation to co...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 08:52:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[This speculative ASX share is being tipped to rocket 80%]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/this-speculative-asx-share-is-being-tipped-to-rocket-80-20260511" />
            <id>https://newswires.com.au/139653</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[If you have a high tolerance for risk, then it could be worth checking out the speculative ASX share in this article.
It has been recommended by analysts at Bell Potter, who believe it has the potential to rocket 80% from current levels.
Which ASX share?
The small cap share that Bell Potter is bullish on is ImpediMed Ltd (ASX: IPD).
It manufactures and sells a medical device employing a technology known as bioimpedance spectroscopy (BIS). This is used in a non-invasive clinical assessment and monitoring of fluid status and tissue composition of patients.
Bell Potter notes that ImpediMed has undertaken a major capital raising and announced a cost reduction plan. The broker feels the cost reductions are credible and leaves the ASX share positioned for break-even if revenue picks up. It said:

As part of the capital raising, IPD advise it is implementing a $5m cost out programme, which reflects a combination of headcount, relocating some roles from the US to Australia, and general cost reductions. While encouraging, the gap to breakeven remains with the revenue side of the ledger. IPD requires c.$12m in additional annual revenue, c.80% of which is expected to be sourced from BCRL [breast cancer-related lymphoedema] in the US, implying that Heart Failure and Body Composition require a longer gestation period. Approx. 40% of the BCRL 350-unit target is expected to come from existing customers.
The BCRL target infers a simple average of 50 units / qtr over the next seven quarters, although IPD is more likely to escalate sales volume from the current 30 units incrementally and one would expect IPD to achieving more than 50 units / qtr by 2Q28. Given IPD's current sales profile and investment in building SOZO's value proposition, the assumptions seem credible, but execution is the risk, given past performance.

Big potential returns
If everything goes to plan, Bell Potter believes this ASX share could deliver very big returns.
According to the note, the broker has retained...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 08:49:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Market Open: Stock losses to extend as Australia waits for ‘one of the biggest budgets in decades’]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/market-open-stock-losses-to-extend-as-australia-waits-for-one-of-the-biggest-budgets-in-decades-20260511" />
            <id>https://newswires.com.au/139656</id>
            <author>
                <name> <![CDATA[themarketonline.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[At The Bell – Australian shares are all set to extend their losses on Monday, after the U.S. and Iran returned to full-blown hostilities. Oil has been pushed higher as a result, and more inflation fears have again bubbled to the surface… just in time for Treasurer Jim Chalmers’ 26/27 Budget delivery Tuesday.



Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.



We did see a green blip mid-Week 19, but we’re now heading for a -0.5% fall, which will only compound Friday’s sobering $50 billion collapse.



If you’re wondering why we have to watch Wall Street equities keep chugging through more and more records as we fall, it’s mostly because the closure of the Strait of Hormuz will hit us a little harder than those in the States.



Then, of course, it’s the red-hot tech stocks in the U.S. that are delivering most of the upward power; should that stop, expect far more red globally. London’s FTSE and Japan’s Nikkei are already heading that way.



Maybe Chalmers’ budget changes things for us Aussies — it’s being touted as “one of the biggest in decades” —  with tax reform, savings and productivity, and investment the three pillars propping it up. Albo has said the objective is to make Oz “fairer.” We’ll see on Tuesday evening how true that is.



ASX stocks to watch



But, Monday first. Early on, Macquarie Group (ASX:MGQ) reported a 30% rise in full-year profit, to $4.85 billion. The bank’s Commodities and Global Markets division largely led the way, helped on by global volatility.



Elsewhere, Coles (ASX:COL) is targeting weight-loss drugs as its next big push, adding home-brand products that “appeal to GLP-1 users.”



Elevra Lithium (ASX:ELV) has agreed to sell its interest in the Ewoyaa Lithium Project in Ghana to China’s Zhejiang Huayou Cobalt Co for ~US$71 million.



And HotCopper forum users are watching Lodestar Minerals (ASX:LSR) early after the explorer...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 08:37:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[These are the 10 most shorted ASX shares]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/these-are-the-10-most-shorted-asx-shares-20260511" />
            <id>https://newswires.com.au/139654</id>
            <author>
                <name> <![CDATA[fool.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[At the start of each week, I like to look atÂ ASIC's short position reportÂ to find out which shares are being targeted by short sellers.
This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn't quite right with a company.
With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:


Domino's Pizza Enterprises LtdÂ (ASX: DMP) has become the most shorted ASX share again after its short interest rose to 15.9%. A poor update from the Domino's US business has cast further doubt on this pizza chain operator's turnaround.

Telix Pharmaceuticals Ltd (ASX: TLX) has seen its short interest ease to 15.6%. Short sellers have been targeting this radiopharmaceuticals company this year amid US FDA approval challenges.

Lotus Resources LtdÂ (ASX: LOT) has short interest of 15.1%, which is up sharply week on week. Short sellers have been loading up on this uranium producer's shares following a disastrous March quarter which saw weak production and a sizeable cash burn. This has many in the market expecting another capital raising later this year.

Polynovo LtdÂ (ASX: PNV) has 14.3% of its shares held short, which is flat week on week. It is possible that short sellers think this medical device company's shares are overvalued due to their premium valuation.

Guzman Y Gomez LtdÂ (ASX: GYG) has short interest of 14%, which is up week on week. Short sellers appear to be targeting the quick service restaurant operator due to the underperformance of its US operations.

Boss Energy LtdÂ (ASX: BOE) has short interest of 13.3%, which is up since last week. The market is concerned about this uranium miner's production outlook beyond 2026.

Treasury Wine Estates LtdÂ (ASX: TWE) has 12.5% of its shares held short, which is down week on week. Short sellers have been closing positions after the struggling wine giant released an encouraging trading update.

Zip Co Ltd (ASX...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 08:21:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Liberal Party must now respond to its collapse to One Nation in Farrer by-election]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/liberal-party-must-now-respond-to-its-collapse-to-one-nation-in-farrer-by-election-20260511" />
            <id>https://newswires.com.au/139655</id>
            <author>
                <name> <![CDATA[switzer.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[No wonder Jim Chalmers was anxious to use every opportunity on Sunday to weigh in on the Liberals’ “bloodbath” in Farrer. 
It was extremely good news for a treasurer who is having to explain  a budget in which key election promises on taxes will be broken.  
The Liberals’ utter disaster provides an ideal “look at them” opportunity for the government to capitalise on. 
When Shadow Treasurer Tim Wilson appeared on the ABC for a pre-budget interview on Sunday, he was inevitably peppered with questions about One Nation.
Were the Liberals right or wrong to preference One Nation in over independent Michelle Milthorpe? “Well it was a call that was made and it’s obviously one that  you know has delivered a result”, Wilson said, although he went on to argue that another course wouldn’t have made  any difference  – many people did their own thing with their preferences. 
The truth is the horse bolted some time ago in the internal Liberal argument about whether they should or should not preference One Nation.  They will do so when they feel it’s to their advantage. For most (albeit not all) Liberals, preferencing One Nation has become a matter of pragmatism rather than morality. 
On pragmatic grounds there would have been a case to help Milthorpe rather than One Nation, but the Liberals would have faced a revolt from supporters and didn’t seem galvanised by the dangers of platforming the surging party. 
If the Liberals had preferenced Milthorpe, she would have done better but still not won. 
Wilson was also pressed on whether he was “open to forming any sort of minority government with One Nation MPs”.
Now that the preference question is no longer a beach head, this issue – despite being one for the distant horizon – will dog the Coalition from now on. It is a sort of reprise of the questions Labor MPs used to face about whether they’d be willing to form government with the Greens. 
Wilson’s position was confusing. “My objective is to make sure that the Liberal Party is in a p...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 08:12:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[[BUY] Nick Scali (ASX: NCK): Margins, Growth and a Franked Yield]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/buy-nick-scali-asx-nck-margins-growth-and-a-franked-yield-20260511" />
            <id>https://newswires.com.au/139661</id>
            <author>
                <name> <![CDATA[mfam.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Institutional sell-side rates Nick Scali a Buy with a 12-month price target of around A$20. The stock closed at approximately A$14.47 on 9 May 2026, implying roughly 38 per cent upside before dividends. The thesis is built on three pillars: ANZ gross margins that sit 10 to 15 percentage points above the retail peer set, […]]]>
            </summary>
                                    <updated>Mon, 11 May 2026 08:00:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Will Tuesday’s Budget trigger another rate rise?]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/will-tuesdays-budget-trigger-another-rate-rise-20260511" />
            <id>https://newswires.com.au/139651</id>
            <author>
                <name> <![CDATA[switzer.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Treasurer Jim Chalmers will hand down his Budget on Tuesday night knowing it will be judged by many measures – but two will matter most. How he answers those questions will shape not just our economic outlook, but his own ambitions for the top job.
While Treasurer Chalmers’ Budget tomorrow night will have many tests applied to it to determine its overall quality, there’ll be two that will make or break his reputation and, ultimately, his ambition to be this country’s prime minister one day.
The first test is this: does his fiscal plan lead to greater productivity, which is the prime reason why our inflation is so high?
And the second is: does his Budget increase or decrease the chances of another rate rise from the RBA?
The best gauge about the answers to these tests/questions will be the stock market, which will also react to the proposed changes to the capital gains tax discount. Of course, these so-called reforms will have an impact on investment, which is linked to productivity.
For example, entrepreneurs are worried about how the CGT changes could make it hard to attract talent who are often rewarded with shares that currently look attractive with a 50% discount.
abc.net.au captured the concerns with the following: “When Paul Bassat, the high-profile co-founder of job ad website Seek, warned on LinkedIn that the Albanese government’s plan to abolish the 50 per cent discount on capital gains would be “disastrous” for entrepreneurs and “set back the startup ecosystem in Australia by a decade or more”, it caused a big stir in the startup and tax community.”
 
On interest rates, the investment bank UBS thinks it will lead to another rate rise from the RBA. Despite the deficit Chalmers will give us on Tuesday night, the size of that number will be better than once expected. This is because commodity prices have been rising and inflation has boosted tax revenue going to Canberra, as UBS chief economist George Tharenou told The Australian: “The budget overall remains...]]>
            </summary>
                                    <updated>Mon, 11 May 2026 07:49:00 +1000</updated>
        </entry>
            <entry>
            <title><![CDATA[Long Shortz with Alligator Energy: Field recovery trial de-risks path to uranium production]]></title>
            <link rel="alternate" href="https://newswires.com.au/share/long-shortz-with-alligator-energy-field-recovery-trial-de-risks-path-to-uranium-production-20260511" />
            <id>https://newswires.com.au/139648</id>
            <author>
                <name> <![CDATA[stockhead.com.au]]></name>
            </author>
            <summary type="html">
                <![CDATA[Host Tylah Tully sits down with Alligator Energy (ASX:AGE) CEO Dr Andrea Marsland-Smith to discuss recent field recovery trial results from the Samphire uranium project in South Australia, and what they mean for advancing the project towards production.
Dr Marsland-Smith also outlines key project metrics, global comparisons, and upcoming milestones – including resource updates and feasibility work.
Tune in to hear all the details.
This video was developed in collaboration with Alligator Energy, a Stockhead client at the time of publishing.
The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions. 
The post Long Shortz with Alligator Energy: Field recovery trial de-risks path to uranium production appeared first on Stockhead.]]>
            </summary>
                                    <updated>Mon, 11 May 2026 06:50:00 +1000</updated>
        </entry>
    </feed>
