Latest Strategic Portfolio News

Magnum Mining has completed nearly 7,000m of drilling at its Piracanjuba North rare earth project, expanding its footprint ahead of a planned November resource estimate, while assay results from Palmares await interpretation amid a strategic portfolio review.

Fletcher Building (ASX:FBU) reversed its FY25 loss with a $228 million net profit in FY26, driven by a 26% rise in EBIT and a $362 million reduction in net debt amid portfolio simplification and operational improvements.

New Hope Group exceeded its FY26 coal production and sales guidance, driven by strong performances at Bengalla and New Acland mines, alongside a notable price uplift amid global supply tightness.

Australian Clinical Labs (ASX: ACL) delivered a modest 1.7% underlying EBIT increase in FY26, navigating subdued revenue and rising labour costs with operational efficiencies and strategic initiatives.

Barramundi Limited’s portfolio delivered a 2.2% gross return in July, outpacing the S&P/ASX200 hedged benchmark, driven by strong performances in healthcare and financials alongside strategic portfolio adjustments.

BNK Banking Corporation is set to book a $3.5 million non-cash goodwill impairment in its FY2026 results, fully writing off its remaining goodwill but leaving capital ratios and cash flow untouched.

Charter Hall Retail REIT's FY26 statutory profit soared 78% to $389.4 million, driven by a $305 million portfolio valuation uplift and a strategic pivot to convenience net lease retail assets. Distributions rose 3.3% amid a debt refinancing that lowered margins and extended maturities.

Resmed delivered a strong FY2026 with 10% revenue growth to $5.7 billion, a 17% rise in non-GAAP EPS, and a 10% dividend hike. Strategic moves include selling MatrixCare and acquiring Noctrix Health.

Elevra Lithium has divested its Western Australian pegmatite rights at Tabba Tabba to Wildcat Resources for $16 million plus royalties, sharpening its focus on North American lithium growth.

Kuniko Limited has unveiled robust Phase 1 drilling results at its Commonwealth-Silica Hill gold-silver project in NSW, including a new high-grade zone outside the current resource. Phase 2 drilling is underway with assays expected in September and a resource upgrade planned for year-end.

Olympio Metals has completed Phase 2 drilling at its Bousquet Gold Project with 36 new significant gold intercepts, bringing the total to 138. The company also commenced Phase 3 drilling targeting extensions of a high-grade lode and secured an 80% interest in the Jacknife Silver Project in Idaho, USA.

ALS Limited reported record FY26 financial results driven by strong growth in Minerals and Industrial Materials, while advancing its digital transformation through the Lab of the Future initiative. Leadership changes and a strategic portfolio review underpin its disciplined capital allocation approach.