The Forrestania Resources Ltd (ASX: FRS) share price is in focus as the company announced encouraging high-grade gold results from its British Hill drilling program, extending mineralisation at depth and highlighting several significant intercepts.

What did Forrestania Resources report?

• The recent British Hill drill program comprised six reverse circulation holes totalling 1,940 metres.
• Key high-grade intersections include 29 metres at 3.91 g/t gold, 26 metres at 2.06 g/t gold, and 32 metres at 1.42 g/t gold.
• Additional notable hits were 14 metres at 2.81 g/t and 35 metres at 1.08 g/t gold.
• Drilling targeted depth and strike extensions, improving geological understanding of the deposit.
• The British Hill project is situated on a granted mining lease with access to established processing infrastructure.

What else do investors need to know?

The drilling campaign at British Hill not only expanded the known extent of high-grade gold mineralisation, but also provided improved detail on the geology and structure of the system. Consistent grades from deeper sections of the deposit suggest solid potential for resource growth.

British Hill’s location on a granted mining lease and its proximity to Forrestania’s processing facilities may smooth the way for future development. The company’s broader strategy continues to focus on establishing two regional hubs in Western Australia, leveraging multiple gold assets to underpin long-term production.

What did Forrestania Resources management say?

Executive Chairman David Geraghty said:

These results reinforce our view that British Hill has the potential to develop into a meaningful gold asset within Forrestania’s growing project portfolio. The consistency of mineralisation across the recent drilling, together with the outstanding results returned from deeper portions of the system, provides strong encouragement for further resource growth. Importantly, British Hill benefits from excellent development fundamentals, including a granted Mining Lease and proximity to our processing facility, enhancing its strategic value.

What’s next for Forrestania Resources?

Forrestania is progressing with further development studies at British Hill, aiming to convert Inferred Resources to Indicated Resources through infill drilling and ongoing exploration. The company is also advancing mine planning and metallurgical test work as part of its staged development approach.

Investors can expect continuing news flow as Forrestania looks to secure milling options for British Hill ore and pursues additional resource extensions. The project’s strong fundamentals and supportive infrastructure align with the group’s wider plans to build a substantial Western Australian gold business.

Forrestania Resources share price snapshot

Over the past 12 months, Forrestania Resources shares have risen 122%, outperforming the All Ordinaries Index (ASX: XAO).

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The post Forrestania Resources reports high-grade gold intersections at British Hill appeared first on The Motley Fool Australia.

More reading

• Forrestania Resources lifts British Hill gold resource by 131%

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.

The Nuix Ltd (ASX: NXL) share price is in focus today after the company reported strong FY26 results, with revenue up 18.8% to $263.2 million and a material lift in cash generation.

What did Nuix Limited report?

• Annualised Contract Value (ACV): $260.0 million, up 13.9%
• Nuix Neo ACV: $78.5 million, up 179%, now 30% of total ACV
• Revenue: $263.2 million, up 18.8%
• Adjusted Management EBITDA: $59.8 million, up 60.4%
• Statutory NPAT: $16.4 million, swinging positive from a $9.2 million loss
• Underlying cash flow: $51.0 million, up 154%

What else do investors need to know?

Integration of the Linkurious acquisition is progressing well, delivering early commercial wins and enhancing the value proposition of Nuix Neo by combining analytics with network visualisation. The Linkurious transaction contributed $12 million in ACV and $3.8 million to revenue.

Nuix also noted the dismissal of all ASIC claims against the company and former directors. The ASIC appeal now only involves the company and is still pending, but the dismissal for individual directors is final.

Strategically, Nuix has shifted its go-to-market approach to focus on platform value rather than feature selling, and has realigned its product and technology teams. The company is also embedding AI throughout operations to drive productivity and new revenue opportunities.

What did Nuix Ltd management say?

Nuix Chief Executive Officer John Ruthven commented:

FY26 was a year of profitable growth and decisive action. Financial performance was robust across key metrics, with ACV within our guided range, material increases in profitability and a substantial lift in cash generation. Nuix Neo continues to scale as the primary engine of profitable growth. During the year, we made the structural changes required to shift from feature selling to platform value. We have restructured our go-to-market with enhanced commercial capability, established a clear AI strategy, and unified product and technology, backed by a one-off R&D Accelerator investment in FY27.

These were decisive actions to position the Company to capture a significantly larger addressable market. Looking ahead to FY27, we are building on continued underlying momentum. With enhanced commercial capability in place, continued investment in platform and AI capabilities, and a clear strategy for profitable growth, we are well positioned to capture the significant opportunity ahead.

What’s next for Nuix Ltd?

Looking to FY27, Nuix is targeting ACV between $285 million and $300 million, with strong Nuix Neo growth expected from new and existing customers. The company anticipates similar Adjusted Management EBITDA as FY26, balancing operational leverage against a one-off $15 million R&D Accelerator investment to strengthen the platform.

Growth is expected to be weighted to the second half of FY27, in line with usual renewal cycles and upsell opportunities. Nuix will continue investing in AI and cloud capabilities to drive innovation and expand its addressable market.

Nuix share price snapshot

It has been a tough 12 months for the Nuix share price. During this time, it is significantly underperformed the S&P/ASX 200 index (ASX: XJO) with a decline of around 30%.

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The post Nuix share price on watch amid robust FY26 earnings and platform growth appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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.

The Macmahon Holdings Ltd (ASX: MAH) share price is in focus today after the company announced a $485 million, 42-month extension to its long-running mining services contract at the Telfer Gold Mine in Western Australia. This marks a key milestone in its partnership with Greatland Resources Ltd (ASX: GGP) and expands Macmahon’s operations in the region.

What did Macmahon report?

• Awarded a 42‑month contract extension at Telfer Gold Mine, valued at $485 million
• Macmahon has provided mining services at Telfer since 2015
• Extension covers increased mining volumes and full mining services – drill and blast, load and haul, and more
• Strengthens Macmahon’s track record and ongoing partnership with Greatland Resources.

What else do investors need to know?

The Telfer extension will see Macmahon expand operations at West Dome Stage 7, offering a broader range of services at higher mining volumes. This supports the company’s strategy of deepening relationships with major mining clients and diversifying revenue streams within Australia’s gold sector.

The contract builds on over a decade of Macmahon’s work at Telfer and highlights the trust Greatland has in the team’s track record. Investors may see this as a positive development for future project pipelines.

What did Macmahon management say?

Managing Director and CEO Michael Finnegan said:

This extension represents an important milestone in our partnership with Greatland and reinforces the strategic importance of Telfer to our business and reflects our proven track record of operational performance on site for over a decade. We are proud of the contribution our people have made over this period and look forward to supporting Greatland as it advances Telfer’s next phase of growth and value creation. We remain focused on delivering safe, reliable and productive outcomes while strengthening our collaboration with Greatland.

What’s next for Macmahon?

Macmahon aims to maintain its strong operational performance at Telfer, focusing on safe, productive outcomes as it supports Greatland’s growth. The company remains committed to strengthening key client relationships, building a resilient contract portfolio, and pursuing future opportunities in mining and civil sectors.

The Telfer extension adds long-term visibility to Macmahon’s order book and positions it for further strategic wins in Australia and beyond.

Macmahon share price snapshot

Over the past 12 months, Macmahon shares have risen 145%, significantly outperforming the All Ordinaries Index (ASX: XAO).

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The post Macmahon Holdings awarded $485m Telfer contract extension 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.