Latest Market News

NexGen Energy has expanded the vertical reach of its high-grade uranium zone at Patterson Corridor East by a third, underpinning the ongoing growth of its flagship Rook I Project as construction nears.

Lefroy Exploration (ASX: LEX) is launching a focused 4,000m drilling program at its Mt Martin Gold Project to expand its 439,000-ounce resource, alongside an imminent Mineral Resource Estimate update reflecting stronger gold prices and revised economics.

Elixir Energy has completed its Lorelle-3/3H appraisal well with exceptional gas-condensate pay and the longest lateral drilled in the Taroom Trough. The company enters production testing phase fully funded with $22.3 million liquidity and a $10 million R&D-backed debt facility.

West African Resources (ASX:WAF) closed Q1 2026 with a record A$847 million cash balance, underpinned by robust gold production of 107,728 ounces at an AISC of US$1,921/oz. Meanwhile, Burkina Faso's government formalised a 25% acquisition in the Kiaka project for A$175 million, marking a significant shift in ownership.

Deep Yellow Limited’s latest drilling at Namibia’s Tinkas Prospect confirms substantial uranium mineralisation, while a seismic survey in Australia’s Alligator River Project sharpens drill targeting for 2026.

Elevra Lithium delivered a strong March 2026 quarter with record revenues, operational improvements at North American Lithium, and progress on multiple growth fronts, supported by a robust cash position.

Helix Resources (ASX:HLX) is set to consolidate its securities on a 1-for-35 basis, dramatically reducing the number of shares, options, and performance rights on issue. The move aims to streamline the capital structure ahead of upcoming exploration milestones.

LinQ Minerals has delivered robust drilling results at its Gilmore Gold-Copper Project, including standout intersections at Gidginbung and Mandamah, while securing $15.4 million to accelerate exploration efforts.

ikeGPS Group delivered a strong FY26 with platform subscription revenue up 33% to NZ$19.2 million and positive underlying EBITDA in March, supported by AI-driven pricing and expanding US utility adoption.

Heartland Group Holdings Limited maintains its FY2026 guidance, reporting expanded net interest margins and improved asset quality in 3Q2026, while navigating geopolitical uncertainties affecting New Zealand and Australian markets.

Locate Technologies (NZX: LOC) reported its first positive Group EBITDA quarter with NZ$167k profit, driven by a 42% revenue jump in its AI-powered Locate2u platform. The company also launched a NZ$500,000 on-market share buyback, signalling confidence in undervalued shares.

Genesis Energy's Q3 FY26 results highlight a sharp rise in hydro generation and electricity netback, offset by lower electricity sales and customer numbers amid strategic portfolio shifts. The company advances renewables and digital projects while cutting thermal output and oil production, prompting a boost in EBITDAF guidance.