The Minerals 260 Ltd (ASX: MI6) share price is rising today after the company released strong new drilling results from its 100%-owned Bullabulling Gold Project, including 7.8m at 9.0g/t gold from shallow depth and 19m at 1.5g/t gold from 172m.

What did Minerals 260 report?

• Received assay results for 46 drill holes, totalling 11,163 metres across the Phoenix, Bacchus, Kraken and Gibraltar deposits
• Significant high-grade intercepts such as 7.8m @ 9.0g/t Au from 15.7m (Bacchus) and 2m @ 15.6g/t Au from 148m (Phoenix)
• Recent results at Gibraltar incorporated into the July 2026 Mineral Resource Estimate (MRE), now 190Mt @ 1.0g/t Au for 6.2Moz
• Infill drilling at Phoenix and Bacchus continues to support upgrading resources from Inferred to Indicated status
• Five drill rigs active on site, focusing on resource growth, regional exploration and production readiness

What else do investors need to know?

The Bullabulling Gold Project, located near Coolgardie in Western Australia, now boasts a 6.2 million ounce JORC Mineral Resource. The majority of recent drilling has targeted resource conversion and extensions, with strong results confirming continuity and thickness of mineralisation in key areas.

These results provide further confidence for ongoing studies and support the company’s production-readiness efforts. Exploration is planned to continue across three focus areas: resource expansion, regional targets, and progressing necessary studies for development.

What did Minerals 260 management say?

Minerals 260 Managing Director Luke McFadyen said:

These results reflect the systematic infill and extensional drilling undertaken across Bullabulling as we continue to build confidence in the scale, continuity and quality of the 6.2Moz Mineral Resource and test the broader mineralised system. The results continue to demonstrate strong continuity across the major deposits, with encouraging higher-grade intersections returned at Phoenix and Bacchus and opportunities to extend mineralisation beyond the current Resource.

Our focus is on opportunities to unlock further growth from the broader mineralised system, including the assessment of higher-grade trends within the 6.2Moz MRE, extensions to the existing deposits and near-surface targets across the project area.

What’s next for Minerals 260?

Looking ahead, Minerals 260 plans further drilling programs throughout the remainder of 2026 and into 2027. These will focus on both upgrading existing resources and exploring for new zones at depth and along strike.

Updates to the Mineral Resource Estimate are anticipated in mid-calendar 2027. The company is also progressing with geotechnical, metallurgical, heritage, and environmental studies as it prepares for potential future development options at Bullabulling.

Minerals 260 share price snapshot

The Minerals 260 share price is up over 500% over the past 12 months, vastly outperforming the S&P/ASX 200 index (ASX: XJO).

View Original Announcement

The post Minerals 260 drilling update: high-grade hits boost Bullabulling gold confidence appeared first on The Motley Fool Australia.

More reading

• 8 ASX 200 shares with fresh buy ratings this week
• How high does UBS think Minerals 260 shares will go?
• Here are the top 10 ASX 200 shares today
• This ASX 200 stock turned $5,000 into $31,960 in just 1 year. Here’s how
• Here are the top 10 ASX 200 shares today

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 Vicinity Centres (ASX: VCX) share price is watch today after the shopping centre giant posted a statutory net profit of $1,391.2 million for FY26, with funds from operations rising to $700.1 million and annual distributions increasing to 12.40 cents per security.

What did Vicinity Centres report?

• Statutory net profit after tax rose to $1,391.2 million (up 38.5% from FY25).
• Funds from operations (FFO) were $700.1 million, a 3.9% increase on the prior year.
• FFO per security up 2.8% to 15.21 cents; AFFO per security up 3.6% to 13.04 cents.
• Annual distribution lifted 3.3% to 12.40 cents per security, with a payout ratio of 95.5% of AFFO.
• Net tangible assets rose 7.7% to $2.59 per security.
• Comparable net property income increased by 4.2%.

What else do investors need to know?

Vicinity Centres continued to reshape its portfolio during FY26, acquiring the remaining 75% interest in Brisbane’s Uptown for $212 million and DFO Eastern Creek in Sydney for $351 million. The group also divested non-strategic assets for $447.2 million, including Taigum Square, often at substantial premiums to book value. These moves have strengthened Vicinity’s premium asset weighting to 67% of its retail portfolio, reflecting a strategic pivot toward high-performing CBD and outlet centres.

Portfolio performance showed record leasing spreads (+4.2%) and occupancy of 99.6%, highlighting the strength in retail demand and a focus on differentiating asset quality. Gearing remains at the lower end of the target range (26.1%) after significant investment and asset recycling, with debt maturities well managed at a weighted average of 5.1 years.

What’s next for Vicinity Centres?

Looking ahead, Vicinity Centres is maintaining its focus on premium centre investments, mixed-use developments, and strategic tenant remixing. Major developments are progressing at Chatswood Chase in Sydney (which is now complete), Galleria in Perth (opening November 2026), and planning is underway to revitalise Uptown in Brisbane. Further expansion and repositioning at Chadstone and other flagship assets are also on track.

For FY27, guidance points to FFO of 16.0–16.2 cents per security and AFFO of 13.9–14.1 cents per security. The group expects comparable net property income growth around 3.5% and continued investment to support the evolving retail landscape.

Vicinity Centres share price snapshot

The Vicinity Centres share price has fallen short of the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of 3%.

View Original Announcement

The post Vicinity Centres FY26: Profit up, distributions rise as premium focus delivers appeared first on The Motley Fool Australia.

More reading

• 3 ASX 200 stocks smashing new 52-week-plus highs today

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 Downer EDI Ltd (ASX: DOW) share price is in focus today after the company reported a 51% jump in statutory net profit and a 17% lift in fully franked dividends for the 2026 financial year.

What did Downer EDI report?

• Statutory NPAT rose 51.2% to $225.4 million
• Underlying NPATA increased 9.8% to $306.7 million
• Underlying EBITA grew 6.1% to $502.9 million, with a margin uplift to 5.1%
• Overall revenue fell 7.5% to $9.74 billion
• Total fully franked dividend increased 17.3% to 29.2 cents per share
• Cash conversion remained strong at 91.1%, exceeding targets

What else do investors need to know?

Downer’s financial year emphasised improving margins by focusing on higher quality, more resilient contracts across core infrastructure and services. While revenue dipped due to portfolio simplification and foreign exchange impacts, profit and cash performance improved on the back of disciplined execution, cost control and project delivery.

Work-in-hand rose 10% to a record $38.5 billion, backed by solid new wins in defence, water, renewables, and government infrastructure. The company also continued its on-market share buy-back program, having repurchased approximately $96.5 million of shares by year end.

What did Downer EDI management say?

Peter Tompkins, Managing Director and Chief Executive Officer, said:

FY26 reflects the continued benefits of our focus on operational discipline, cost leadership, revenue quality and consistent execution.

Over the past three years, we have built a more focused and resilient business, improving margins, strengthening the balance sheet and enhancing the quality of our earnings.

What’s next for Downer EDI?

Looking to FY27, Downer is targeting further revenue and earnings growth and continued margin improvement. The company expects a stronger second half as new contracts ramp up and volumes improve in road services and facilities.

Management remains upbeat about the medium-term outlook, highlighting growth opportunities in energy transition, data centres, defence, and transport infrastructure. Downer aims to maintain strong market positions while delivering steady returns to shareholders.

Downer EDI share price snapshot

The Downer EDI share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of around 7.5%.

View Original Announcement

The post Downer EDI posts stronger margin and profit in FY26 earnings appeared first on The Motley Fool Australia.

More reading

• Viridis Mining and Minerals secures US$120m equity to fund Colossus project
• Perpetual Equity Investment Company delivers FY26 profit and steady dividend
• Beacon Minerals posts 325% jump in Lady Ida reserves and outlines big 2026 plans
• Are Santos shares a buy following their half year results?
• WCM Global Growth earnings: Profit lifts dividend and outlook

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.