The analyst team at Barrenjoey has been poring over some exploration results recently, and has produced new reports on two companies they think have good prospects.

Let’s see who they like.

Turaco Gold Ltd (ASX: TCG)

Turaco shares have increased by more than 60% over the past 12 months, but Barrenjoey believes they have plenty further to go.

The company recently reported new drilling results at its Woulo Woulo deposit at the Afema project in south-east Côte d’Ivoire.

Results from that drilling campaign included 56m at 3.87 grams per tonne of gold from 266m, and 59m at 1.67 grams per tonne from 255m.

The company added:

Latest results continue to confirm the potential for a significant body of broad, higher-grade gold mineralisation, beneath the current 1.7Moz Mineral Resource estimate and Ore Reserve open pit design which has potential to expand both the open pit and support underground extraction.

Further deeper drilling at Woulo Woulo has now started, the company said, while resource extension drilling was also continuing at the Asupiri-Adiopan and Begnopan Deposits, “where recent results have demonstrated substantial high-grade resource growth”.

Managing Director Justin Tremain said:

Woulo Woulo is a very large, robust gold system with mineralisation over 3 kilometres and widths of up to 50 metres. We are beginning to define a significant zone of higher-grade gold mineralisation where drilling has delineated a continuous high-grade shoot extending approximately 700 metres along strike and 500 metres down plunge.

Barrenjoey has a price target of $1.25 on Turaco shares compared to 83 cents at the time of writing.

Many Peaks Minerals Ltd (ASX: MPK)

This company has also recently reported good exploration results, saying it had intersected broad gold mineralisation beneath its existing Ouarigue mineral resource.

The results included 188.9m at 3.58 grams per tonne of gold from 633m, and 59.2m at 2.30 grams per tonne from 556.8m.

Many Peaks said it now had enough data for an update to its mineral resource estimate, which was scheduled to be completed in the current quarter.

It also said open-pit study work was advancing, and an integrated economic assessment including a scoping study evaluation of underground development options was under review.

Managing Director Travis Schwertfeger said:

These strong extension drill results again demonstrate the strong continuity of high-grade gold beneath the existing Ouarigue resource and suggest increasing ounces per vertical metre at depth. The results will inform the planned resource update and evaluation of underground development options alongside the ongoing open-pit study work.

Barrenjoey has a price target of $1.60 against the Many Peaks share price of $1.13 at the time of writing.  

The post 2 ASX gold explorers tipped to rise 40% to 50% appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Using superannuation is a fantastic way to build wealth and create retirement passive income.

Lower taxes in the wealth-building phase and potentially no taxes in the retirement phase (depending on the superannuation balance) are a very compelling proposition. An Australian (retiree) investor is likely better off in net income terms to have dividends flow through superannuation than in their own name.

Everyone has a different taxation position, so I’m not going to focus on tax for the rest of the article.

What’s needed for $7,500 of monthly passive income?

I’d bet that many Australians would love to have $7,500 of passive income hit their bank account every month. In annual terms, that’s $90,000 per year of dividends.

The required superannuation balance to generate $90,000 in annual dividends depends on the portfolio’s dividend yield. It’s a similar situation to the interest rate required from a term deposit or savings account.

With a 5% yield, someone would need a $1.8 million portfolio (ignoring tax) to make $90,000 per year.

With a 6% yield, an investor would need a $1.5 million portfolio to make $90,000 per year, or $7,500 per month.

With a 4% yield, an investor would need a $2.25 million portfolio for the passive income goal.

I often talk about my appreciation of the diversified investment conglomerate Washington H. Soul Pattinson and Co Ltd (ASX: SOL) as an option for reliable dividends, but its grossed-up dividend yield, including franking credits, is only around 3.5% right now.

There are plenty of ASX dividend share options that can provide a higher dividend yield, so let’s run through some of the possibilities.

ASX dividend share ideas

How good would it be to have a portfolio of stocks in superannuation with dividend yields of 5%, 6%, or even more to generate the monthly passive income?

Charter Hall Long WALE REIT (ASX: CLW) is a real estate investment trust (REIT) that owns and leases various types of property, including service stations, hotels, telecommunication exchanges, distribution centres, and government-related buildings (such as Geosciences Australia). It expects to pay 25.5 cents per security in FY27, which translates to a yield of 7.8%.

Another idea is listed investment company (LIC) L1 Long Short Fund Ltd (ASX: LSF), which uses a combination of normal investing and short selling to look for opportunities across both ASX shares and international shares. It’s increasing its dividend every quarter and could pay a grossed-up dividend yield of 5.1% in FY27, including franking credits.

Next, I want to highlight another REIT called Centuria Industrial REIT (ASX: CIP), which owns a portfolio of industrial properties across Australian cities. It’s growing its distribution by another 3% in FY27 despite the higher interest rates, thanks to rising demand for industrial land for uses like distribution centres (including e-commerce purposes), refrigerated space (for food and medicine), and data centres. Its forecast yield is 6.1%.

Another name I’d highlight is the LIC MFF Capital Investments Ltd (ASX: MFF), which is increasing its payout every six months. It largely invests in strong international shares with good prospects for dividend growth. I expect it will pay an annual dividend of 25 cents per share in FY27, translating into a grossed-up dividend yield of 6.9%, including franking credits.

A portfolio of the above names, as well as other ASX shares, could be compelling to unlock a monthly passive income of $7,500 (or more) in superannuation.

The post How much is needed in superannuation to target a $7,500 monthly passive income? appeared first on The Motley Fool Australia.

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• The 3 factors that have helped me build a six-figure ASX share portfolio at 35
• CBA vs Soul Patts: Which ASX share wins in 2026?
• Where to invest $10,000 in ASX dividend shares today
• How much is needed in superannuation to target a $100,000 annual passive income?

Motley Fool contributor Tristan Harrison has positions in L1 Long Short Fund, Mff Capital Investments, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Mff Capital Investments and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The S&P/ASX 200 Index (ASX: XJO) endured a rough day of trading this Wednesday, resulting in the value of many ASX shares sliding. After yesterday’s tentative session, investors were far more decisive today, with the ASX 200 starting deep in red territory and staying there all day.

By the time trading wrapped up, the index had fallen 0.64% and finished at 8,727.9 points.

This unhappy hump day for the local markets followed a similarly downbeat session over on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) couldn’t quite hold on to an early lead, losing 0.35%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was a little better, but still lost 0.15%.

But let’s return to ASX shares now and check out how the different ASX sectors handled today’s tough trading conditions.

Winners and losers

There were only a handful of sectors that managed to make hay today.

But first, let’s get through the red corners of the market.

Leading the losers were gold shares. The All Ordinaries Gold Index (ASX: XGD) had a shocker, crashing 1.93% lower.

Financial stocks weren’t much chop either, with the S&P/ASX 200 Financials Index (ASX: XFJ) plunging 1.41%.

Mining shares also had a day to forget. The S&P/ASX 200 Materials Index (ASX: XMJ) took a 0.88% dive this session.

Industrial stocks couldn’t escape the storm, evident from the S&P/ASX 200 Industrials Index (ASX: XNJ)’s 0.71% slump.

Nor could consumer staples shares. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) drifted 0.31% lower today.

Utilities stocks couldn’t hold their ground, with the S&P/ASX 200 Utilities Index (ASX: XUJ) sliding 0.06% lower.

Our last losers this Wednesday were consumer discretionary shares. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) slipped by 0.04%.

Let’s turn to the winners now. Leading the charge were real estate investment trusts (REITs), illustrated by the S&P/ASX 200 A-REIT Index (ASX: XPJ)’s 1% jump.

Communications stocks were also spared. The S&P/ASX 200 Communication Services Index (ASX: XTJ) had lifted 0.85% by the closing bell.

Energy shares were another bulwark against the broader market, with the S&P/ASX 200 Energy Index (ASX: XEJ) climbing 0.8%.

Tech stocks fared decently as well. The S&P/ASX 200 Information Technology Index (ASX: XIJ) enjoyed a 0.35% bump this hump day.

Finally, healthcare shares managed to finish over the line, as you can see from the S&P/ASX 200 Healthcare Index (ASX: XHJ)’s 0.02% uptick.

Top 10 ASX 200 shares countdown

Our winner this Wednesday was shipbuilding stock Austal Ltd (ASX: ASB). Austal shares rocketed up 10.13% to close at $4.13 each today.

This big gain came after the company revealed another development in its long-running takeover saga.

Here’s how the other winners pulled up at the kerb:

ASX-listed company	Share price	Price change
Austal Ltd (ASX: ASB)	$4.13	10.13%
Karoon Energy Ltd (ASX: KAR)	$1.64	6.15%
Superloop Ltd (ASX: SLC)	$2.52	5.44%
Silex Systems Ltd (ASX: SLX)	$3.89	5.14%
Zip Co Ltd (ASX: ZIP)	$2.21	4.25%
Goodman Group (ASX: GMG)	$27.44	3.55%
IGO Ltd (ASX: IGO)	$5.70	3.45%
Weebit Nano Ltd (ASX: WBT)	$2.71	3.44%
Sigma Healthcare Ltd (ASX: SIG)	$2.81	3.31%
Yancoal Australia Ltd (ASX: YAL)	$6.12	3.03%

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group. The Motley Fool Australia has positions in and has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.