Latest Strategy Changes News

Bayan Mining and Minerals has completed nine University of Queensland ion-exchange runs, recording an 11.2-fold peak increase in yttrium purity. The result strengthens the technical case for its licensed processing technology, but commercial feeds, recovery, costs and pilot performance remain untested.

Estrella Resources has outlined a potentially large limestone export business in Timor-Leste, with a 25 Mtpa base case carrying a US$1.453 billion after-tax NPV10 and 46% IRR. The headline economics are preliminary, however, with no Ore Reserve, binding offtake, project funding or key operating approvals yet in place.

Carnarvon Energy has confirmed Pavo South-1 as the second well in its 2027 Bedout campaign, giving shareholders exposure to a 74 million-barrel prospective target with a 64% geological chance of success. The A$20 million campaign is expected to be funded from the company’s A$97 million cash balance.

Brookside Energy’s two new Suttles Pad wells have exceeded 1,200 BOEPD in combined gross production, with liquids making up about 78% of output. The wells remain in flowback, but the development is tracking 15% below its original AFE.

Brookside Energy’s Sabres and Whalers wells have entered production at the Suttles Pad, with combined gross output exceeding 1,200 BOEPD during flowback. The two-well development is also tracking 15% below its original budget, although peak rates and stabilised economics remain unproven.

Gulf Stream Energy has finalised contingent resource estimates for two oil zones at Zydeco-1, but neither discovery has yet been flow-tested or converted to reserves. The next test is whether Homeseeker B can turn encouraging logs and nearby well results into a producible, commercial project.

Orica delivered its highest earnings in more than 15 years, lifting FY2026 EBIT 7% to A$1.06 billion and increasing its unfranked dividend 12% to 64 cents a share. Strong growth from Digital Solutions and Specialty Mining Chemicals helped offset currency pressure, litigation costs and a softer Indonesian coal market.

Xero has upgraded its FY27 revenue and adjusted EBITDA outlook after revenue rose 46% to NZ$1.745 billion, while approving an on-market buy-back of up to A$1 billion. The result also brings forward management’s expectation of a roughly 40% pro-forma Rule of 40 outcome and lifts its FY28 revenue aspiration above NZ$4.6 billion.

Mainfreight has delivered a sharp first-half recovery, with net profit rising 66.4% to NZ$155.4 million as freight volumes, customer gains and overseas operations improved. The NZX-listed logistics group also approved an 85-cent interim dividend, while warning that margins and economic conditions remain uneven.

Audalia Resources has lodged the key development and closure proposal for its Medcalf titanium-vanadium-iron project in Western Australia. The milestone advances the permitting process, but construction, financing and production remain dependent on further approvals and a final investment decision.

Corporate Travel Management posted a sharp fall in first-quarter underlying EBITDA despite stable constant-currency transaction value and strong client retention. The release of its A$65 million IATA guarantee offers some balance-sheet relief, but remediation and cost pressures remain substantial.

MC Mining has appointed Sun Qiming as managing director and CEO, while interim chief Albert Deng moves to non-executive chairman. The reshuffle also adds two directors, restores Australian-residency compliance and places fresh focus on the Makhado project.