Latest Valuations News

Finbar Group (ASX:FRI) delivered its strongest annual profit since FY2015, with net profit rising 40.9% to $20.3 million despite lower revenue. Record pre-sales, reduced debt and a $1.95 billion development pipeline give the Perth apartment developer a substantial FY27 workload.

Castile Resources has emerged from FY2026 with a larger Rover 1 resource, stronger preliminary project economics and A$9.37 million in cash. The next challenge is converting a A$1.07 billion pre-tax NPV8 study into a funded, permitted mining project.

Black Canyon has spent the 2026 financial year moving Wandanya from discovery towards resource definition, backed by 17,200 metres of drilling and encouraging manganese beneficiation results. The exploration company ended the year with $7.77 million in cash and no debt, but remains reliant on future funding before any development decision can be made.

Firetrail S3 Global Opportunities Fund (Managed Fund) (ASX:S3GO) delivered a 14.07% pre-fee return in the year to 30 June 2026, beating its MSCI World benchmark by 3.69 percentage points. Net assets rose to $36.471 million despite substantial net redemptions during the year.

Firetrail Australian Small Companies Fund delivered a 13.03% pre-fee return for the year to 30 June 2026, outperforming its benchmark by more than 11 percentage points. Net assets nearly doubled to $805.9 million as applications outpaced redemptions, although investors should note the result was before fees and distributions surged alongside performance income.

Booster Innovation Fund has invested $200,000 in TheiaNova, a University of Auckland spinout developing a self-administered eye drop for keratoconus. The seed-stage bet accounts for 0.76% of BIF’s portfolio, keeping the exposure modest while adding an early biotechnology asset.

Rua Bioscience delivered a sharp rise in customer revenue and secured a UK agreement expected to generate NZ$10 million over two years. But PwC disclaimed an audit opinion, warning the company may not have enough cash without another capital raise.

Resolution Capital Global Property Securities Fund (ASX:RCAP) delivered an 18% net return for A Class units in the year to 30 June 2026, beating its hedged benchmark by 3.7 percentage points. Profit attributable to unitholders surged to $642.9 million as listed property securities generated substantial valuation gains.

Plato Global Alpha Fund delivered a 26.7% net return for the year ended 30 June 2026, beating its global equity benchmark by 11.9 percentage points. Net assets climbed almost sixfold to $4.75 billion, driven by investment gains and substantial new applications, although the fund’s short positions and currency exposures remain material risks.

Historical work has identified widespread near-surface columbo-tantalite mineralisation at Australasian Metals’ Atex project in Côte d’Ivoire, adding a potential tantalum stream to its lithium strategy. The results are encouraging, but the underlying estimate is non-JORC, unverified and based on incomplete historical records.

Narryer Metals is buying the Redhill Copper Project in southern Chile from 29Metals, gaining an existing 4.3Mt inferred resource and a much larger conceptual exploration target. The deal also brings a A$1 million strategic investment from 29Metals at a 54% premium to Narryer’s pre-announcement share price.

Emerald Resources-backed Manda Resources has completed a suite of North Queensland asset acquisitions, lifting its combined global JORC gold resource to 1.33Moz. The vehicle has started drilling and appointed experienced explorer Tara French as CEO ahead of a proposed ASX listing later in 2026.