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  • This ASX gold developer could rise more than 70%: Broker

    Stacked gold bricks.

    WIA Gold Ltd (ASX: WIA) has recently made progress on several fronts at its Kokoseb gold project in Namibia, where it is planning a mining operation valued at US$475 million.

    The progress has piqued the interest of the analysts at Barrenjoey, who have issued a new research report on the company with a bullish share price target, which I’ll get to shortly.

    First, let’s have a look at what the company has been up to.

    Drilling shores up confidence

    Most recently, WIA Gold said in a statement to the ASX that recent drilling results from 33 new holes demonstrated strong grade continuity at the underground resource.

    The central underground exploration target was also extended by 170m to the northeast and continuity of the mineralisation was confirmed for 300m to the southwest.

    Significant assay results included 15.5m at 6.53 grams per tonne of gold from 499.5m.

    WIA Managing Director Henk Diederichs said:

    Our underground drilling programme continues to deliver both scale and grade, reinforcing the underground opportunity emerging beneath the planned open pit at Kokoseb. Recent drilling has extended the Central Underground Exploration Target by approximately 470 metres, while the Southern Underground Exploration Target remains open at depth and continues to return encouraging widths and grades. Results from the Deep High-Grade Exploration Target continue to highlight the broader underground potential of the Project.

    Expansion on the cards

    The drilling results follow WIA announcing in September that a review of their definitive feasibility study had found that an increase in processing throughput from 5.25 million tonnes per year to 7 million was viable.

    The company added:

    Based on a preliminary review, the definitive feasibility study mine schedule could supply a 7Mtpa plant without modification to the underlying mining schedule. No changes to mining costs, Ore Reserves or production schedules have been considered as part of the process plant engineering review.

    Barrenjoey said in its new research note on the company that the new drilling results supported its exploration target of 10 to 15 million tonnes of ore at 2 to 2.5 grams per tonne of gold.

    They added:

    Definition of sufficient high grade material at depth could boost Kokoseb project economics in the future through underground mining.

    Barrenjoey has a price target on WIA shares of 80 cents compared to 45 cents currently.

    The broker said:

    Our valuation is based on an exclusively open pit operation. Underground mining could expand operational mine life and is not included in our current forecasts.

    WIA Gold is valued at $898.5 million.

    The post This ASX gold developer could rise more than 70%: Broker 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.

  • Orora FY26 earnings: Cans strong, Glass under pressure

    A woman sits in a cafe wearing a polka dotted shirt and holding a latte in one hand while reading something on a laptop that is sitting on the table in front of her

    The Orora Ltd (ASX: ORA) share price is in focus after the company reported underlying NPAT of $142.2 million for FY26 with flat underlying EPS at 11.4 cents per share. While the Cans business delivered robust growth, the Glass division faced ongoing challenges, including a €450 million non-cash impairment.

    What did Orora report?

    • Revenue: Cans revenue up 13.3% to $880 million; Saverglass revenue up 0.8% to €617.2 million; Gawler revenue flat at $284.5 million
    • Underlying NPAT: $142.2 million, down 6% from FY25
    • EBITDA: $420.3 million, broadly flat year on year
    • Underlying EPS: 11.4 cents, unchanged from prior year
    • Net debt: $481.1 million; cash realisation at 98.3%
    • Share buyback: 56 million shares repurchased for $118 million in FY26

    What else do investors need to know?

    Orora’s Cans division enjoyed strong demand, with 6.3% volume growth thanks to capacity expansion and ongoing customer preference for cans. The company’s large-scale Rocklea expansion neared completion, adding further production capacity to the network. In contrast, the Glass business—comprising Saverglass and Gawler—continued to face softer consumer demand, disrupted export markets, and adverse price/mix effects.

    A key development was the €450 million non-cash impairment of the Glass business, reflecting ongoing geopolitical, trade, and market pressures. Saverglass did achieve volume and market share growth, but this was tilted toward lower-margin products. Gawler’s operational shift from three furnaces to two delivered efficiency gains despite subdued market conditions.

    What did Orora management say?

    Managing Director & Chief Executive Officer Brian Lowe said:

    While FY26 was certainly a challenging year, it demonstrated the strength of our Cans business, the resilience of our people and our willingness to act when performance does not meet expectations. We enter FY27 having largely completed our Cans capacity expansion program and with a clear plan to improve performance in Glass. Our responsibility now is execution: improving safety, delivering consistently for customers and converting our investments and market positions into stronger earnings, cash flow and shareholder returns.

    What’s next for Orora?

    Looking ahead to FY27, Orora expects continued growth in its Cans business, with volume increases of 4–6% and higher EBIT predicted due to major network expansions. The Glass division is focused on six clear priorities to lift EBIT by over €30 million by FY30, but management warns that Saverglass EBIT will remain under pressure in the short term due to ongoing external challenges.

    The company will keep a sharp eye on economic and geopolitical risks, especially US tariffs and Middle East disruptions, with benefits from Glass turnaround initiatives expected to build later in FY27 and beyond. Continued execution of sustainability initiatives and disciplined capital management remain top priorities.

    Orora share price snapshot

    Over the past 12 months, Orora shares have declined 34%, trailing the S&P/ASX 200 Index (ASX: XJO), which has declined 2% over the same period.

    View Original Announcement

    The post Orora FY26 earnings: Cans strong, Glass under pressure appeared first on The Motley Fool Australia.

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    Motley Fool contributor Laura Stewart 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

  • How much passive income can I earn off a $700,000 superannuation balance?

    Couple on their laptop in their home kitchen.

    A $700,000 superannuation balance is a great starting point. 

    It sits above the $630,000 balance that the Association of Superannuation Funds of Australia (ASFA) thinks every Australian needs for a comfortable retirement, and below the asset cut-off point for a part Age Pension payment.

    This amount of money means you’ll be able to live well when you decide to stop working. But if you invest that money wisely, it could also generate an additional passive income that’ll turn a comfortable retirement lifestyle into an affluent one. 

    Think frequent travel, luxury property, and flexible discretionary spending.

    So, how much passive income can you earn off a $700,000 superannuation balance?

    And what ASX shares could you invest in?

    Let’s take a look.

    The calculation

    There is a straightforward calculation to work out what passive income a $700,000 passive income could generate.

    If you multiply your total superannuation balance by the overall dividend yield of your portfolio, it’ll give you the passive income you could generate.

    The answer changes depending on your dividend yield, which helps you identify what you need to invest in to earn the income you want. 

    Generally, as your yield goes up, the passive income you can earn off the same balance also increases.

    How much could I earn off a 2% to 3% yielding superannuation portfolio?

    A 2% yielding portfolio is at the lowest end of the scale. Off a $700,000 superannuation balance, you’d generate around $14,000 in passive income. That’s because $700,000 x 2% = $14,000 in dividend payments.

    It’s not a huge amount, but the benefit of a super low yielding portfolio is that this would generally be focused on traditional and reliable blue-chip shares rather than towards high-growth ASX stocks.

    Think Woolworths Group Ltd (ASX: WOW), Macquarie Group Ltd (ASX: MQG), and even CSL Ltd (ASX: CSL). These shares are each huge in scale, have a long history of paying dividends to shareholders, and they yield somewhere in the 2% to 2.5% range, at the time of writing.

    On a 3% yielding portfolio, you could earn a little more, at closer to $21,000 per year in dividend income, off the same balance.

    Stocks around the 3% level typically offer investors a balance between a moderate, reliable passive income, and some capital growth potential.

    Think Commonwealth Bank of Australia (ASX: CBA), BHP Group Ltd (ASX: BHP), and Wesfarmers Ltd (ASX: WES). These powerhouses all offer a yield of around 3% to 3.5% at the time of writing.

    What about a 4% to 5% yielding superannuation portfolio?

    If your superannuation portfolio yields closer to 4% or 5%, you could earn even more, at closer to $28,000 or $35,000 per year in passive income, respectively.

    This is often considered by investors as the “sweet spot” between stability and growth. Companies in this bracket are typically large-scale blue chips, major banks, or defensive infrastructure shares. 

    For example, Rio Tinto Ltd (ASX: RIO), Medibank Private Ltd (ASX: MPL), National Australia Bank Ltd (ASX: NAB), ANZ Group Holdings Ltd (ASX: ANZ), Westpac Banking Corp (ASX: WBC), Deterra Royalties Ltd (ASX: DRR), Transurban Group (ASX: TCL), and Telstra Group Ltd (ASX: TLS) all yield around this bracket, at the time of writing.

    What about higher yielding ASX shares, around the 6% to 8% level?

    It’s possible to earn even more if your superannuation investment portfolio is high yield, but this comes with a lot more risk. Investors would need to accept lower growth, or potentially even share price declines, in place of a higher passive income.

    There are still plenty of options around this level, though.

    Some examples are Harvey Norman Holdings Ltd (ASX: HVN), Premier Investments Ltd (ASX: PMV), or Nick Scali Ltd (ASX: NCK). 

    Real Estate Investment Trusts (REITS) also typically offer a higher yield thanks to their predictable rental income. Such as, Charter Hall Long WALE REIT (ASX: CLW), Waypoint REIT Ltd (ASX: WPR), and HomeCo Daily Needs REIT (ASX: HDN).

    The post How much passive income can I earn off a $700,000 superannuation balance? appeared first on The Motley Fool Australia.

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    Motley Fool contributor Samantha Menzies has positions in BHP Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Macquarie Group, Transurban Group, and Wesfarmers. The Motley Fool Australia has positions in and has recommended Harvey Norman, Telstra Group, and Transurban Group. The Motley Fool Australia has recommended BHP Group, CSL, HomeCo Daily Needs REIT, Macquarie Group, Nick Scali, Premier Investments, and Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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