The Genesis Minerals Ltd (ASX: GMD) share price is in focus today after the company delivered quarterly gold production of 70,767 ounces, building underlying cash and equivalents to approximately A$258 million and meeting annual production guidance for the third consecutive year.

What did Genesis Minerals report?

• FY26 gold production reached 285,400 ounces, within guidance of 260,000–290,000 ounces.
• All-in sustaining cost (AISC) fell within the FY26 guidance range of A$2,500–A$2,700 per ounce.
• Underlying cash and equivalents built to ~A$258 million this quarter (from A$253 million in March), pre-investment and acquisition outflows.
• Cash and equivalents stood at A$520 million at 30 June, after A$352 million of outflows for acquisitions, growth, exploration, and tax.
• Magnetic Resources acquisition completed at a total consideration of A$639 million.
• Leonora underground mining contract transitioned successfully to Byrnecut, meeting or exceeding guidance metrics.

What else do investors need to know?

Genesis fast-tracked the Tower Hill project, completing pit dewatering and starting open pit mining ahead of schedule. The company also placed orders for a larger mining fleet and major mill equipment, aiming to achieve higher productivity and lower unit costs. Open pit work at the Bruno Lewis prospect is set to start next quarter after a 65% uplift in reserves to 280,000 ounces. Genesis is funding increased exploration, with the FY27 budget doubling to A$80–90 million thanks to recent drilling success and the addition of the highly prospective Chatterbox Trend through the Magnetic acquisition. A fully updated long‑term plan and full quarterly report (including detailed AISC) are due in September and late July, respectively.

What did Genesis Minerals management say?

Executive Chair Raleigh Finlayson said:

Genesis’ three key objectives are safety, growth and delivering on our undertakings to the market. The strong performance in the June quarter means we have met these three key goals in the past financial year, generating underlying cash of ~A$258m in the process and bringing total underlying cash build for the financial year to ~A$893m. “We have also laid the foundations for the next round of growth as part of our ASPIRE 500 strategy, with the Tower Hill development running ahead of schedule, the Magnetic acquisition completed and our exploration program delivering outstanding results across our portfolio. “Pleasingly we generated higher underlying cashflow than the previous quarter despite a lower gold price, higher diesel price, the end of third-party ore purchases, and contractor changeouts at all our underground operations. I thank the broader Genesis team, Macmahon and Byrnecut for the professional and successful transition. “We are well on track to unveil our long-term growth strategy in September, which will provide further detail on how we plan to unlock further value from our industry-leading inventory in Leonora and Laverton.

What’s next for Genesis Minerals?

Genesis plans to release an updated, fully-funded long-term plan in September, which is expected to lay out future production, exploration, and growth opportunities. The company is increasing its investment in exploration, especially at newly acquired Magnetic Resources tenements, and will begin mining at its Bruno Lewis prospect in the September quarter. The company’s “ASPIRE 500” goal, while aspirational and not a formal production target, is guiding management’s focus on growth, efficiency, and unlocking value from its portfolio.

Genesis Minerals share price snapshot

Over the past 12 months, Genesis Minerals shares have risen 26%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

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The post Genesis Minerals: FY26 guidance met and growth projects advance appeared first on The Motley Fool Australia.

More reading

• Emerald Resources locks in major mining deals at Dingo Range, Okvau
• Meridian Energy gets green light to expand Lake PÅ«kaki storage
• Vault Minerals meets guidance as growth projects advance
• Suncorp reveals FY27 reinsurance plans and FY26 guidance update
• PEXA Group responds to IPART draft service fee review

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.

Suncorp Group Ltd (ASX: SUN) shares are in the spotlight on Friday.

In morning trade, the insurance giant’s shares are down 5% to $18.36.

Why are Suncorp shares on the slide?

The catalyst for this move has been the release of an update from Suncorp before the market open.

This morning, Suncorp’s acting CEO, Jeremy Robson, provided an update on the successful placement of its FY 2027 reinsurance program and its FY 2026 outlook.

With respect to the former, Robson revealed that the renewal reflected continued discipline in the company’s reinsurance strategy, maintaining an appropriate balance between cost, earnings volatility, and capital efficiency.

Suncorp advised that it has now successfully placed its main catastrophe program for FY 2027, which maintains the maximum event retention of $350 million for a first and second large event. This is on top of the previously announced five-year aggregate reinsurance arrangement which commenced on 30 June.

That aggregate cover provided $800 million of protection annually, and up to $2.4 billion in total over a 5-year period.

Commenting on the program, Jeremy Robson said:

The FY27 reinsurance program demonstrates our focus on optimising returns while ensuring appropriate protection for our customers and shareholders. While the cost of reinsurance remains an important input to insurance pricing, it is pleasing to see improved market conditions reflected in the pricing of our comprehensive main catastrophe program, now complemented by the addition of aggregate protection to further enhance resilience and reduce volatility.

Suncorp has also reaffirmed its natural hazard allowance (NHA) for FY 2027 is $1,800 million, excluding claims handling expenses and profit commission.

FY 2026 update

Looking ahead to its FY 2026 results next month, Suncorp advised that it is reaffirming its underlying ITR to be towards the upper end of the 10% to 12% range.

However, its gross written premium growth is now expected to be approximately 2.7%. Suncorp notes that expectations have been impacted by an ongoing weak economy and soft commercial market in New Zealand, as well as a marginal reduction in demand in Australia.

In addition, total investment income is expected to be between $750 million and $800 million in FY 2026. This is down from $1,227 million in FY 2025.

The company explained that its lower investment income relative to FY 2025 is predominately driven by rising bond yields. These are resulting in mark-to-market losses in both insurance funds and shareholders’ funds.

Following today’s move, Suncorp shares are now down around 12% over the past 12 months.

The post Why are Suncorp shares sinking 5% today? appeared first on The Motley Fool Australia.

More reading

• Suncorp reveals FY27 reinsurance plans and FY26 guidance update
• 3 well-priced ASX dividend shares to buy today
• Invested in ASX 200 bank shares for dividends? This fundie prefers other stocks

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.

The Meridian Energy Ltd (ASX: MEZ) share price is in focus as the company secured final approval to ease access restrictions on Lake PÅ«kaki hydro storage for the next three years, a move set to bolster the security of electricity supply through winter 2028.

What did Meridian Energy report?

• Approval granted to ease access restrictions on Lake PÅ«kaki hydro storage for a three-year period
• Improved dry-year risk management expected through to winter 2028
• Hydro generation provides about 60% of New Zealand’s electricity, with Meridian’s storage covering around 15 weeks of supply
• Permanent installation of rock armouring at PÅ«kaki Dam also approved

What else do investors need to know?

The easing of Lake PÅ«kaki restrictions gives Meridian Energy additional flexibility to manage supply in challenging weather conditions, reducing the risk of price spikes and supply interruptions during dry spells. Meridian emphasised that the extra storage will only be used if there’s elevated risk to security of supply, and that usage in 2026 will likely remain well within the five-metre allowance due to current lake levels. In addition, Meridian has received the green light to reinforce PÅ«kaki Dam with permanent rock armouring. This improvement is designed to help the dam withstand wave erosion, which will be especially important when the lake operates at lower levels, further supporting long-term operational resilience.

What’s next for Meridian Energy?

Looking ahead, Meridian anticipates using the expanded storage prudently, committing to operate within the strict guidelines set by regulators. The company will only draw on the additional capacity if there is a real risk to the security of electricity supply, particularly heading into winter months. Alongside the storage increase, the permanent enhancements to PÅ«kaki Dam should further strengthen Meridian’s ability to navigate future energy market challenges and invest in developing new renewable generation capacity in the years ahead.

Meridian Energy share price snapshot

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

View Original Announcement

 

The post Meridian Energy gets green light to expand Lake PÅ«kaki storage appeared first on The Motley Fool Australia.

More reading

• Vault Minerals meets guidance as growth projects advance
• Suncorp reveals FY27 reinsurance plans and FY26 guidance update
• PEXA Group responds to IPART draft service fee review
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX 200 shares today

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 Vault Minerals Ltd (ASX: VAU) share price is in focus after the company reported Q4 gold production of 89,338 ounces, bringing its FY26 output to 336,540 ounces and meeting full-year guidance. Vault also highlighted a strong cash generation of $219 million in the quarter, strengthening its balance sheet.

What did Vault Minerals report?

• Q4 gold production: 89,338 ounces
• Full-year FY26 gold production: 336,540 ounces (14% increase quarter-on-quarter)
• Q4 gold sales: 87,922 ounces; FY26 sales: 334,901 ounces
• Underlying free cash flow: $219 million in Q4
• Cash and bullion at year end: $842 million, with no debt and fully unhedged
• Maiden dividend and share buyback returned $74.3 million to shareholders in FY26

What else do investors need to know?

Vault completed Stage 1 of its King of the Hills (KoTH) processing upgrade on time and on budget in March 2026. The new crushing circuit is already running above its 8 million tonnes per annum target, with Stage 2 now 71% complete and tracking ahead of schedule for a planned September 2026 completion. Underground development at the Sugar Zone operation resumed at the start of July, following the approval of a Closure Plan Amendment. These development activities will support a targeted processing plant restart in early FY28.

What’s next for Vault Minerals?

Looking ahead, Vault plans to ramp up underground works at the Sugar Zone in FY27, generating ore stockpiles and waste rock for site construction. With a strong cash position and all gold hedges extinguished, the company sees itself well placed to deliver its ongoing growth strategy across its operational portfolio. Completion of the KoTH processing upgrades in the coming months remains a key operational milestone, aimed at increasing site capacity by 50% and reinforcing Vault’s presence as a regional leader.

Vault Minerals share price snapshot

Over the past 12 months, Vault Minerals shares have risen 60%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 2% over the same period.

View Original Announcement

The post Vault Minerals meets guidance as growth projects advance appeared first on The Motley Fool Australia.

More reading

• Meridian Energy gets green light to expand Lake PÅ«kaki storage
• Suncorp reveals FY27 reinsurance plans and FY26 guidance update
• PEXA Group responds to IPART draft service fee review
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX 200 shares today

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 ASX 200 sector that outperformed the benchmark 7 to 1 in FY26. Can it keep delivering?

One sector on the ASX delivered a result in FY26 that left every other sector in its wake.

Strong commodities growth contributed to the S&P/ASX 200 Materials Index (ASX: XMJ) rising 47% in FY26.

This led to the materials sector outperforming the broader S&P/ASX 200 Index (ASX: XJO) (including dividends) by a staggering 7 to 1. 

Gold miners, copper producers, and lithium names all contributed to a sector-wide run that rewarded investors who stayed patient through a difficult FY25. 

The question now is whether the conditions that drove that performance will remain in place heading into FY27.

Why the ASX materials sector outperformed so heavily

Three forces combined to drive the sector’s extraordinary FY26 performance. 

First, gold surged above US$5,400 an ounce at its peak. This delivered extraordinary returns to ASX gold miners that dominate the materials sector’s top performers list. 

Second, copper hit record highs above US$13,000 per tonne as AI data centre construction, electric vehicle adoption, and grid infrastructure investment drove a demand surge.

Third, lithium prices recovered strongly after a brutal two-year downturn, with spodumene prices rising approximately 196% over the twelve months to May 2026. This lifted ASX lithium producers from the bottom of performance tables to some of the strongest performers on the ASX. 

All three of those tailwinds are still present to varying degrees as FY27 begins. But the easy gains from the initial recovery move are mostly behind investors now. 

Let’s take a look at some ASX materials stocks that have benefited from these tailwinds.

BHP Group Ltd (ASX: BHP): Copper was a standout, but the Jansen setback is a reminder

BHP had one of the most remarkable FY26s in its long history.

For the first time in 136 years, copper earnings exceeded iron ore contributions in the first half of FY26. This came as the copper price surge translated directly into record revenue for BHP’s Chilean and South Australian copper operations.  

BHP shares hit an all-time high of $59.78 in May before pulling back amid concerns about Simandou iron ore supply and a Jansen potash cost blowout.

Yet the long-term copper thesis remains intact.

BHP plans to grow copper-equivalent production at 3% to 4% per year through 2035, adding to what is already one of the world’s most valuable copper portfolios. 

However, the Jansen impairment of approximately US$2.3 billion is a setback. Heading into FY27, investors should weigh that capital discipline concern against the undeniably strong commodity exposure BHP brings.

PLS Group Ltd (ASX: PLS): the lithium recovery still has room to run

PLS Group Ltd (ASX: PLS), formerly Pilbara Minerals, was one of the standout performers of the FY26 materials recovery.

Shares surged strongly through FY26, with the company delivering a 241% EBITDA surge in its first-half FY26 result. This came as the broader lithium price recovery flowed directly through to the bottom line.

The lithium price story for FY27 depends heavily on whether EV demand continues to grow at the pace required to absorb new supply coming online from African and South American deposits.

Most lithium analysts remain positive on the medium-term price trajectory. But the near-term uncertainty is higher than it was in FY26 when the recovery was more linear.

PLS remains the largest and most liquid pure-play lithium exposure on the ASX, This makes the company the default choice for investors who want direct lithium price sensitivity in FY27 without the stock-specific risks of smaller producers.

Liontown Resources Ltd (ASX: LTR): a higher-risk bet on lithium prices and operational ramp-up

Liontown Resources Ltd (ASX: LTR) offers a different and higher-risk version of the same lithium theme.

Unlike PLS, which is an established producer with a long operational history, Liontown is still in the early stages of ramping up its Kathleen Valley lithium mine in Western Australia following first production in mid-2024.

That ramp-up risk means Liontown’s performance in FY27 will depend not just on the lithium price, but on whether the company can hit its own production targets.

Liontown shares gained 197% in 2025 and continued to deliver for investors who held through FY26 as lithium prices recovered. But the operational risk at Kathleen Valley should not be ignored by investors considering a position.

The bull case is straightforward: if lithium prices hold above US$1,000 per tonne and Kathleen Valley continues to ramp toward its nameplate capacity, Liontown becomes a materially more profitable business in FY27 than it was in any prior year.

Can the materials sector repeat FY26 in FY27?

The most honest answer is: potentially.

The commodity tailwinds that drove the sector’s 47% return are still present, but the easy gains from the initial recovery move are already reflected in current prices.

Gold has pulled back from its highs as rate-hike expectations firmed.

Copper has found resistance above US$13,000 per tonne as Chinese demand data has been mixed.

Lithium prices have stabilised but not yet surged to a new leg higher.

For long-term investors, the materials sector still offers compelling structural exposure to AI infrastructure, electrification, and green energy demand that is likely to persist well beyond any single financial year.

For investors expecting another 47% year in FY27, the bar is considerably higher than it was at the start of FY26.

Foolish takeaway for ASX materials shares

The ASX 200 materials sector’s 47% return in FY26 was extraordinary.

BHP brings the most diversified commodity exposure and the strongest balance sheet of the three, but the Jansen impairment is a watch point.

PLS is the cleanest pure-play on lithium prices with the least stock-specific risk.

Liontown offers more upside if both the lithium price and the Kathleen Valley ramp-up deliver, but carries meaningfully more risk than either of the other two.

Whether the ASX 200 materials sectors performance can be repeated in FY27 is another question. Investors should keep an eye on whether the tailwinds that drove FY26 can continue delivering in FY27.

The post The ASX 200 sector that outperformed the benchmark 7 to 1 in FY26. Can it keep delivering? appeared first on The Motley Fool Australia.

More reading

• If I’d invested $4,000 in PLS Group shares 12 months ago, guess what I’d have now!
• How to get started with a portfolio delivering $500 a week in passive income
• How Australia’s commodities performed in FY26
• These ASX shares could generate $5,000 per year in passive income
• 5 best-performing ASX 200 shares of FY26

Motley Fool contributor Mark Verhoeven 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 recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Suncorp Group Ltd (ASX: SUN) share price is in focus after the company outlined its FY27 reinsurance program and reaffirmed FY26 outlook, with natural hazard costs expected $250 million above allowance and underlying ITR guidance towards the upper end of its 10–12% range.

What did Suncorp report?

• FY27 reinsurance program placement completed, adding $800 million annual aggregate cover for five years
• Total reinsurance costs in FY27 expected to be higher than FY26 due to exposure growth and aggregate cover
• Natural hazard costs in FY26 are forecast at $2.02 billion, approximately $250 million above the $1.77 billion allowance
• Underlying insurance trading result (ITR) for FY26 anticipated towards the upper end of the 10–12% range
• Gross Written Premium (GWP) growth for FY26 expected to be around 2.7%
• FY26 investment income expected between $750 million and $800 million, down from $1.23 billion in FY25

What else do investors need to know?

Suncorp has announced a new five-year aggregate reinsurance arrangement, effective from 30 June 2026, providing substantial protection against natural disasters. The main catastrophe cover now protects losses between $500 million and $6.4 billion, including for Home, Motor and Commercial property portfolios across Australia and New Zealand.

Total reinsurance costs in FY27 are set to rise, mainly due to the new aggregate cover and expanded exposure, but this is partly offset by more favourable catastrophe program pricing. Additionally, Suncorp will release about $100 million of capital thanks to lower capital targets, giving the balance sheet a welcome boost.

On the leadership front, Steve Johnston returns as CEO from medical leave on 6 July 2026, with acting CEO Jeremy Robson resuming as CFO, restoring the executive team’s usual structure.

What’s next for Suncorp?

Suncorp will provide further detail on capital management and natural hazard experience at its FY26 results presentation, scheduled for 12 August 2026. The company’s strategic focus remains on balancing risk protection with efficiency, aiming to protect both shareholders and customers against volatile weather events.

Looking forward, Suncorp’s enhanced reinsurance structure aims to keep earnings more stable and strengthen resilience in an increasingly unpredictable environment. The leadership team’s return to its usual configuration signals ongoing continuity in strategy and execution.

Suncorp share price snapshot

Over the past 12 months, Suncorp shares have declined 7%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

 

The post Suncorp reveals FY27 reinsurance plans and FY26 guidance update appeared first on The Motley Fool Australia.

More reading

• Meridian Energy gets green light to expand Lake PÅ«kaki storage
• Vault Minerals meets guidance as growth projects advance
• PEXA Group responds to IPART draft service fee review
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX 200 shares today

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 PEXA Group Ltd (ASX: PXA) share price is in focus after the company acknowledged a draft report from the NSW Independent Pricing and Regulatory Tribunal (IPART) proposing a 20% revenue reduction for regulated service fees, which could impact an estimated $70 million in revenue.

What did PEXA Group report?

• IPART draft report proposes reducing PEXA Exchange’s regulated revenue requirement by about 20%.
• This equates to an estimated $70 million reduction in revenue for PEXA.
• The draft report recommends fee reductions over one year, but PEXA is advocating for a four-year phase-in.
• No immediate changes to PEXA’s service fees; current arrangements remain in place for FY27.
• Potential changes would commence from 1 July 2027, spanning through FY31.

What else do investors need to know?

PEXA stated that the proposed changes are still at a draft stage and remain open to public consultation. The final IPART recommendations will be submitted to the Australian Registrars’ National Electronic Conveyancing Council (ARNECC) after this process. Importantly for investors, any changes to regulated Electronic Lodgement Network Operator (ELNO) service fees wouldn’t start until FY28. PEXA has highlighted the importance of phasing any reduction to allow the business time to adjust and maintain stability. An investor briefing will be held today at 9:30am (AEST), offering more detail on PEXA’s response and future plans.

What’s next for PEXA Group?

PEXA will take part in the public consultation process, including a scheduled public hearing on 21 July 2026 and the submission of its response before 14 August 2026. The Group will continue engaging with stakeholders and IPART to shape the final outcome of the fee review. In the meantime, PEXA is focused on advocating for a more gradual introduction of any price changes and remains committed to supporting its customers and the property settlement industry.

PEXA Group share price snapshot

Over the past 12 months, PEXA shares have declined 15%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 2% over the same period.

View Original Announcement

The post PEXA Group responds to IPART draft service fee review appeared first on The Motley Fool Australia.

More reading

• Meridian Energy gets green light to expand Lake PÅ«kaki storage
• Vault Minerals meets guidance as growth projects advance
• Suncorp reveals FY27 reinsurance plans and FY26 guidance update
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX 200 shares today

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 positions in and has recommended PEXA Group. The Motley Fool Australia has positions in and has recommended PEXA Group. 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.

Investors with a high tolerance for risk might want to hear what Bell Potter is saying about the ASX share in this article.

That’s because if the broker is on the money with its recommendation, this speculative ASX share could more than triple in value.

Which ASX share could be cheap?

Bell Potter is tipping Chalice Mining Ltd (ASX: CHN) shares to rocket from current levels.

The broker was pleased to see the company continuing to progress its 100%-owned Gonneville Pd-Ni-Cu Project in Western Australia.

It notes that Gonneville has emerged as the largest and lowest cost undeveloped palladium-nickel-copper reserve in the western world and a globally significant strategic minerals asset.

Commenting on recent work, it said:

Multiple workstreams are underway for the completion of the Gonneville Feasibility Study, which has a budget of $25m and is due for completion in 2HCY27. Ongoing activities include: a comprehensive 8-week pilot plant operation program to test the process route design; permitting and approvals, including the Environmental Review Documents (ERD) submission in 2HCY26; the investigation of multiple secondary funding options including with potential offtake partners.

CHN is also assessing strategic partnership and investment opportunities with several parties having commenced due diligence. Early indications on project financing are that up to 60- 70% of pre-production CAPEX could be funded with debt, including from sovereign/govt sources, due to the long-life, low cost and strategic nature of Gonneville.

Huge potential returns

According to the note, Bell Potter has retained its speculative buy rating and $4.00 price target on the ASX share.

Based on its current share price of $1.15, this implies potential upside of approximately 250% for investors over the next 12 months.

To put that into context, a $2,500 investment would be worth $8,750 by this time next year if Bell Potter has made the correct call.

Commenting on its buy thesis, the broker said:

CHN’s Gonneville project continues to offer exposure to a globally significant, critical minerals PGE-Ni-Cu-Co Project in a Tier 1 jurisdiction. It has designation at both State and Federal levels as a Major Project, conferring dedicated co-ordination and support for the project through statutory approvals processes. CHN is sufficiently funded to reach FID in 1HCY28. We retain our Speculative Buy recommendation on an unchanged Valuation of $4.00/sh.

The post Bell Potter says this cheap ASX share could rise almost 250% in just 12 months appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Friday
• Why Chalice Mining, CSL, Megaport, and Pro Medicus shares are racing higher

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.

If you are looking for an ASX 200 share to buy, then it could be worth considering Netwealth Group Ltd (ASX: NWL) shares.

That’s because according to Bell Potter, there could be big returns on the cards for buyers at these levels.

What is the broker is saying?

Bell Potter has been busy updating its model to reflect mark-to-markets and appears confident its update next month will be positive. It said:

Despite earlier risk off, global equity markets recovered and posted outsized returns for the June quarter. We update our model to reflect strong positive mark-to-markets. NWL offers the highest and cleanest leverage across our platform coverage, which is one reason why we continue to favour the name into the trading update (16 July). We upgrade FUA forecasts +1%/+1%/+1% for 2026-28.

It then adds:

Our forecasts already captured the benefit of stronger markets in April, so revisions are a little more modest while our net inflow forecasts remain unchanged. We expect custodial FUA flows of $3.8B for the quarter (which usually build over the course of the year) and market movements of $6.4B. The run-rate has now improved for four consecutive quarters, although our $3.8B forecast implies a slowdown, against the usual seasonality.

Big potential returns

As mentioned at the top, Bell Potter believes this ASX 200 share could deliver big returns for investors over the next 12 months.

According to the note, the broker has retained its buy rating and $30.00 price target on Netwealth’s shares.

Based on its current share price of $21.76, this implies potential upside of 38% for investors over the next 12 months.

In addition, Bell Potter is forecasting a 2% dividend yield over the same period, bringing the total potential return to approximately 40%.

Commenting on the company and its buy thesis, it said:

Our Buy recommendation is unchanged. NWL no longer trades as a leveraged play on financial markets, which is interesting. Given its increased scale, we would expect the opposite, with free carry having a bigger impact than flows. A shift back into global growth assets should also be supportive. Although it hasn’t benefited from this either.

NWL reaffirmed EBITDA margin guidance despite weakness in March, and we count 23 advertised roles (quite large) skewed towards product and corporate, with a focus on senior hires. We have reset our margin expectations to 49.0%. This results in EPS changes of -2%/+0%/+0% for 2026-28.

The post Why this ASX 200 share could deliver a 40% return appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX 200 shares today
• 3 super ASX shares that could be too good to ignore in July
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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 positions in and has recommended Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

On Thursday, the S&P/ASX 200 Index (ASX: XJO) had a subdued session but managed to finish slightly higher. The benchmark index rose 1.6 points to 8,724.5 points.

Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to rise on Friday despite a mixed night of trade in the United States. According to the latest SPI futures, the ASX 200 is expected to open 52 points or 0.6% higher this morning. On Wall Street, the Dow Jones was up 2.15%, but the S&P 500 was flat and the Nasdaq fell 0.8%.

Oil prices fall

ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a poor finish to the week after oil prices fell again overnight. According to Bloomberg, the WTI crude oil price is down 0.7% to US$68.10 a barrel and the Brent crude oil price is down 0.6% to US$71.13 a barrel. US-Iran peace deal optimism has weighed on oil prices.

Buy Netwealth shares

Bell Potter thinks Netwealth Group Ltd (ASX: NWL) shares are undervalued. This morning, the broker has retained its buy rating and $30.00 price target on the investment platform provider’s shares. This implies potential upside of approximately 38%. It said: “Our Buy recommendation is unchanged. NWL no longer trades as a leveraged play on financial markets, which is interesting. Given its increased scale, we would expect the opposite, with free carry having a bigger impact than flows. A shift back into global growth assets should also be supportive.”

Gold price rises

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Newmont Corporation (ASX: NEM) could have a good finish to the week after the gold price charged higher overnight. According to CNBC, the gold futures price is up 1.1% to US$4,126.1 an ounce. This was driven by the release of US payrolls data, which the market appears to believe wasn’t supportive of interest rate hikes.

Buy Chalice shares

Bell Potter has also recommended Chalice Mining Ltd (ASX: CHN) shares this morning. According to the note, the broker has reaffirmed its speculative buy rating and $4.00 price target on the mineral exploration company’s shares. It said: “CHN’s Gonneville project continues to offer exposure to a globally significant, critical minerals PGE-Ni-Cu-Co Project in a Tier 1 jurisdiction. It has designation at both State and Federal levels as a Major Project, conferring dedicated co-ordination and support for the project through statutory approvals processes. CHN is sufficiently funded to reach FID in 1HCY28.”

The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Woodside Energy Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.