🕒 Wednesday 12 August 2026 Wed, 12 Aug 2026

Sprintex has inked a co-development deal with Jiangsu Bosiwei to supply its 30kW MVR compressors for a major retrofit at Hebei Yufeng Group, marking its strategic entry into China’s booming industrial vapor compression market.

Patronus Resources’ first modern drilling at Davies No.2 in the Northern Territory yields significant shallow gold intercepts, validating historical data and setting the stage for expanded exploration across the Golden Dyke area.

Black Canyon has confirmed a 400-metre southern extension to its Wandanya manganese project, delivering multiple high-grade manganese intercepts and advancing towards a maiden Mineral Resource Estimate in September 2026.

Macmahon Holdings has been appointed as the preferred underground mining contractor for Medallion Metals’ Ravensthorpe Gold Project, locking in a $240 million, three-year deal starting December 2026.

Resouro Strategic Metals has closed its $2.5 million private placement, issuing 10 million shares at 25 cents each to support the environmental program and feasibility study for its Tiros project in Brazil.

Metallium Limited has demonstrated its Flash Joule Heating technology can process a broad range of critical metal feedstocks, from rare earth ores to industrial wastes, opening new commercial pathways beyond electronic waste.

AGL Energy reported a 575% surge in statutory profit to $756 million for FY26, driven by strategic divestments and improved asset flexibility, while declaring a fully franked 50 cents dividend and progressing its energy transition with 12 GW of renewable capacity targeted by 2035.

Somerset Minerals closed its entitlement offer raising $429,504 from shareholder subscriptions and secured firm commitments for the remaining $736,000 shortfall. The capital raise aims to support its copper exploration projects with shares and options to be issued by mid-August.

Suncorp Group reported a 34% drop in net profit for FY26 to $1.03 billion amid elevated natural hazard costs but maintained strong margins and announced a $250 million share buyback and 10c special dividend.

Commonwealth Bank of Australia delivered a solid FY26 with 7% growth in net profit and a strong capital position, while continuing investments in AI and customer protection.

Napier Port (NZX:NPH) reported a 38.9% increase in underlying net profit after tax for Q3 2026, driven by container services revenue growth and ongoing strategic infrastructure projects.

Sco Technology forecasts a record FY26 with revenue up to NZ$296 million and operating EBITDA reaching NZ$36 million, reflecting strong progress on its ambitious Destination 2030 growth plan.