Author: openjargon

The Chalice Mining Ltd (ASX: CHN) share price is in focus after the company announced an independent review confirming its prudent environmental approvals pathway for the Gonneville Project, keeping it on track for a Final Investment Decision (FID) in the first half of calendar year 2028.

What did Chalice Mining report?

• Independent Expert Review of Gonneville’s environmental approvals strategy completed by Dr Tom Hatton, former WA EPA Chair
• The review found key risks and mitigation measures are appropriately identified and in place or planned
• Strong engagement with State and Commonwealth regulators, Traditional Owners, and stakeholders highlighted
• The Project retains ‘priority status’ with both the WA and federal governments
• Chalice is targeting a Final Investment Decision for Gonneville in H1 CY28

What else do investors need to know?

Chalice Mining is progressing environmental approvals alongside development studies, execution readiness, and financing activities. This parallel approach aims to keep Gonneville on track as Australia’s next significant critical minerals project.

Environmental modelling for the site has recently been completed, and the company is preparing to submit Environment Review Documents in Q4 2026. The review highlighted Chalice’s comprehensive stakeholder engagement and recognised the company’s transparent and thorough approach to risk management.

What did Chalice Mining management say?

Chalice Mining Managing Director & CEO Alex Dorsch said:

Dr Hatton’s assessment provides confidence in Gonneville’s approvals pathway and our targeted timeline towards a Final Investment Decision in the first half of 2028. Importantly, the review confirms that we have identified the key regulatory processes and risks that could affect the approvals schedule and are taking appropriate steps to address them.

A significant amount of technical, environmental and stakeholder work is already underway, supported by experienced specialist advisers and extensive engagement with State and Commonwealth regulators, Traditional Owners and the local community. Environmental modelling was recently completed ahead of submission of Environment Review Documents (ERDs) in Q4 2026.

Ministerial approval remains on the critical path for Gonneville and this review confirms our target of FID in H1 CY28 is achievable. We remain focused on progressing through the approvals process with the rigour required for a project of this scale and significance.

What’s next for Chalice Mining?

The company is aiming for ministerial approval and timely completion of the environmental approvals process, which is critical for Gonneville’s development. With a plan to reach a Final Investment Decision in the first half of 2028, Chalice is continuing technical studies, stakeholder engagement, and government liaison.

Investors can expect further updates as environmental submissions progress and regulatory milestones are met over the next two years. The management emphasis remains on thorough preparation and collaboration to deliver the Gonneville Project as a leading player in Australia’s critical minerals push.

Chalice Mining share price snapshot

Over the past 12 months, Chalice Mining shares have declined 17%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

View Original Announcement

The post Chalice Mining: Expert review supports Gonneville timeline appeared first on The Motley Fool Australia.

More reading

• After rocketing 24% last week, what are experts saying about these red hot ASX shares?
• Chalice Mining advances Gonneville, holds $59m cash at June 2026

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.

With the gold price booming again, now could be a good time to buy the ASX 200 gold stock in this article.

This is especially the case after a “transformational” year according to the team at Bell Potter.

Which ASX 200 gold stock?

The stock in question is Alkane Resources Ltd (ASX: ALK).

Bell Potter was impressed with the company’s performance in FY 2026, highlighting that it delivered record results and growth across all key metrics. It said:

ALK reported an FY26 financial result that delivered record results and substantial YoY growth across all key financial metrics, together with a maiden dividend of 2cps. This followed the merger with Mandalay Resources (MND:TSX), completed in August 2025 and consecutive quarters of record production from the combined portfolio. Key metrics included revenue of $936m (vs BPe $946m), EBITDA of $471m (vs BPe $473m), and NPAT $229m (vs BPe $238m). 

The maiden dividend of 2cps ($27m payout) was accompanied by the announcement of a share buyback of up to $50m, in a further commitment to returning capital to shareholders and a signal on the value ALK sees in its paper. EBITDA margins lifted from 36% to 50% YoY on higher gold and antimony prices, as well as the dilution of ALK’s out-of-the-money hedge book. At end FY26, ALK held cash and bullion of $439m (vs $190m at completion of the MND merger) and no drawn bank debt. FY27 guidance was reaffirmed, for 163-177koz at AISC of A$2,900-$3,200/oz, implying steady production and ~5% higher costs YoY.

Time to buy

According to the note, in response to the results, Bell Potter has retained its buy rating on the ASX 200 stock with an improved price target of $2.15.

Based on its current share price of $1.85, this implies potential upside of 16% for investors over the next 12 months.

Commenting on its buy recommendation, Bell Potter said:

EPS changes in this report are: FY27: -3%; FY28: -2% and FY29: -5%, reflecting a lower antimony price, higher CAPEX and D&A over the medium term. We also incorporate a sustainable dividend into our modelled assumptions. ALK offers multi-mine gold and antimony exposure across three attractive jurisdictions with a strong balance sheet and available liquidity that provides a platform for growth. Our Target Price lifts 2% to $2.15/sh. Valuation metrics remain undemanding and we retain our Buy recommendation.

The post This ASX 200 gold stock could be a top buy after a ‘transformational’ year appeared first on The Motley Fool Australia.

More reading

• 8 ASX mining shares hitting 52-week highs today
• Alkane Resources discovers new high-grade gold zone at Costerfield
• Alkane Resources declares maiden dividend and $50m share buy-back after strong FY26

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 PolyNovo Ltd (ASX: PNV) share price is in focus after the company reported full-year revenue growth of 16.1% to $150 million and a positive net profit after tax of $7.3 million, marking another year of operational and financial progress.

What did PolyNovo report?

• Total revenue rose 16.1% to $150.0 million
• Commercial sales climbed 16.7% to $138.4 million (21.3% in constant currency)
• EBITDA increased 8.1% to $12.1 million; underlying EBITDA was up 50.4% to $13.4 million
• Positive NPAT of $7.3 million, impacted by one-off items
• Operating cash flow was $23.1 million and free cash flow reached $9.4 million
• Gross margin was 89.0%, down from 95.6% due to inventory changes

What else do investors need to know?

PolyNovo completed construction of its new manufacturing facility, with validation progressing ahead of the planned transition in FY27. Manufacturing output increased significantly in the second half, supporting greater efficiency and future growth capacity.

The company continued to expand clinical evidence for its NovoSorb® platform beyond burns, with key government-backed clinical trial milestones achieved. PolyNovo also advanced regulatory efforts, with PMA submission activities underway to unlock future reimbursement and market opportunities in the US.

What did PolyNovo management say?

Bruce Peatey, Chief Executive Officer of PolyNovo, said:

FY26 was a year of capability building and strategic alignment. We delivered strong commercial growth, expanded our manufacturing capacity, strengthened our balance sheet and continued to invest in the evidence, products and capabilities that will drive PolyNovo’s next phase of growth. During FY26, we sharpened our strategic focus and aligned the business around three clear priorities: accelerating growth in our core wound care franchise, building the next growth engine for PolyNovo, and establishing the global operating structure required to scale efficiently and consistently. Importantly, we achieved this while generating strong cash flow, strengthening our balance sheet, and continuing to invest in the future of the NovoSorb platform.

What’s next for PolyNovo?

Looking ahead, PolyNovo is focused on execution as it prepares for the next phase of growth. The company expects to ramp up production in its new facility and deliver further commercial expansion of NovoSorb® MTX into new indications and geographies.

Regulatory submissions, especially the planned PMA in the US, are set to play a key role in broadening reimbursement and adoption. A new dedicated business development function will seek out partnerships and licensing opportunities to extend the NovoSorb® platform, aiming to drive sustained growth.

PolyNovo share price snapshot

Over the past 12 months, PolyNovo shares have declined 16%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

View Original Announcement

The post PolyNovo FY26 earnings: Revenue jumps, profit steady appeared first on The Motley Fool Australia.

More reading

• Down 35% for the year, is it time to buy this beaten-down ASX biotech?

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 PolyNovo. 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 Deep Yellow Ltd (ASX: DYL) share price is in focus today after the company announced the completion of two major milestones at its flagship Tumas Project in Namibia, including a long-term water supply agreement and the finalisation of local ownership arrangements.

What did Deep Yellow report?

• Secured a long-term Water Supply Agreement for the Tumas Project with NamWater, covering construction, commissioning, and operational phases.
• Formalised local Namibian ownership with Oponona Investments for a 5% stake in Reptile Uranium Namibia (RUN), supporting project licensing.
• Oponona’s share of historic and future Tumas expenditure will be carried as an interest-free loan, repayable from future dividends.
• Bulk earthworks at Tumas are complete, with over A$34 million in civil and concrete works now underway.
• Final Investment Decision for Tumas targeted for Q4 2026, subject to market conditions.

What else do investors need to know?

The agreement with NamWater secures one of Tumas Project’s most critical long-term operating requirements, giving confidence around water supply for construction and future uranium production. These latest milestones bolster project certainty and construction readiness.

Deep Yellow also advanced key corporate social responsibility goals, with Oponona’s stake and a Special Purpose Entity set up to ensure community benefit initiatives are implemented. Importantly, Oponona’s loan structure aims to balance local ownership with financial sustainability, as repayments come from their dividend share.

The company continues to make progress on detailed engineering, procurement, and optimisation, as well as working towards securing project financing and enabling infrastructure before the anticipated Final Investment Decision later this year.

What did Deep Yellow management say?

Deep Yellow’s CEO, Greg Field, commented:

This is another great outcome for Deep Yellow. We have closed out two important workstreams and continue to build momentum as we systematically prepare Tumas for development. Our approach has been clear and consistent – remove uncertainty wherever we reasonably can and build execution certainty before committing shareholder capital at FID. That is what we said we would do and it is what we are delivering. Securing long-term water provides certainty over one of Tumas’ most critical operating requirements while the Oponona agreements give effect to local ownership arrangements contemplated under a binding Heads of Agreement previously disclosed by Deep Yellow.

These milestones build on completed bulk earthworks, major civil and concrete works now underway, and continued progress across engineering, procurement, optimisation and financing. Tumas is becoming progressively more de-risked and construction-ready. We have real momentum and will continue systematically closing out the remaining workstreams as we build the strongest possible platform for a disciplined investment decision.

What’s next for Deep Yellow?

Deep Yellow is focused on successfully progressing its Tumas Project towards a Final Investment Decision in Q4 2026. The company is systematically working through all key development workstreams—aiming to reduce risk and lift execution certainty.

Beyond Tumas, Deep Yellow continues to advance projects in Western Australia and Namibia, with its goal to become a leading global uranium producer. The team is also alert for high‑quality M&A opportunities that align with its long-term growth strategy.

Deep Yellow share price snapshot

The Deep Yellow share price has modestly outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of 5%.

View Original Announcement

The post Deep Yellow delivers key Tumas milestones and secures project progress in Namibia appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• 3 ASX mining companies this broker says could more than double in value
• Deep Yellow advances Tumas uranium project and reports $160m cash

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.

If it’s passive income you’re after, Woodside Energy Group Ltd (ASX: WDS) shares are well worth investigating.

With the exception of 2020, when oil prices cratered amid the global COVID lockdowns, Woodside has paid out two fully franked dividends a year for more than a decade.

And with oil prices leaping higher this year in the wake of the Middle East conflict, those dividends are becoming more attractive. Not to mention the more than 40% share price gains Woodside has posted in 2026.

So, just how many shares in the S&P/ASX 200 Index (ASX: XJO) energy stock do you need to buy for $5,000 a year in passive income?

We’ll get to that in a tick. But first…

An important reminder

Before we dig into the numbers, an important reminder.

The first dividend yield figure we use below is based on Woodside’s final dividend, which the company paid on 27 March. The second comes from the interim dividend that Woodside declared when it released its half-year results yesterday.

That means we’re working partly with the pending dividend yield and partly with a trailing yield. Future yields may be higher or lower depending on a range of company-specific and macroeconomic factors.

And adding another wrinkle to our passive income calculations, Woodside declares its dividend in US dollars. The company will release the Aussie dollar equivalent on 9 September.

That may not be the spot exchange rate on the day, however, but rather based on an average exchange rate over a few week period.

With these variables in mind…

Drilling into Woodside shares for a $10,000 annual passive income

In March, Woodside paid eligible stockholders a fully franked 83.5 cent per share final dividend.

On Tuesday, the ASX 200 oil and gas stock declared a fully franked interim dividend of 57 US cents per share.

Going by today’s exchange rate (and noting this could be different from the average rate Woodside employs on 9 September), that equates to 79.7 Aussie cents per share.

If you want to bank that interim passive income payout, you’ll need to own Woodside shares at market close on 2 September. Woodside trades ex-dividend on 3 September. You can then expect those dividends to hit your bank account on 25 September.

So, based on the above figures, Woodside’s full-year dividend payout is likely to be around AU$1.632 per share.

For $10,000 a year in passive income, you’d need to buy 6,128 shares today.

At the recent share price of $33.26, Woodside trades on a fully franked dividend yield (partly trailing and partly pending) of around 4.9%. Taking those franking credits into account, that equates to a grossed-up yield of around 7.0%.

The post How many Woodside shares do I need to buy to earn $10,000 a year in passive income? appeared first on The Motley Fool Australia.

More reading

• How much passive income can I earn off my $800,000 superannuation balance?
• These 3 ASX income shares just hiked their dividends
• Everything you need to know about the Woodside dividend
• Here’s what brokers tip for Woodside shares over the next 12 months
• Why is everyone talking about Coles, Ramelius Resources and Woodside shares on Tuesday?

Motley Fool contributor Bernd Struben 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 Vysarn Ltd (ASX: VYS) share price is in focus after the company reported strong growth in its FY2026 results, with group revenue up 31% to $140.06 million and net profit after tax rising 41% to $15.11 million.

What did Vysarn Limited report?

• Revenue from operations: $140.06 million, up 31% year on year
• EBITDA: $28.91 million, up 36% on last year
• Net profit before tax (NPBT): $20.90 million, up 39%
• Net profit after tax (NPAT): $15.11 million, up 41%
• Net tangible assets: $65.99 million
• Operational cashflow: $14.92 million

What else do investors need to know?

Vysarn achieved its growth through the full-year contribution from all subsidiaries, including its consultancy, drilling, wastewater treatment, and managed aquifer recharge businesses. The company highlighted the successful integration of recent acquisitions and growing diversification beyond Western Australia’s resources sector.

During the year, Vysarn progressed two significant deals: the proposed acquisitions of NewGround (NWG Enterprises) and Welltech (Technology International Group). These deals, funded by a $65.3 million capital raise, will extend Vysarn’s reach into water infrastructure, urban development and national water services. The company also advanced the Kariyarra Water Scheme joint venture, aiming to supply bulk water in the Pilbara region.

What’s next for Vysarn Limited?

For FY2027, Vysarn will focus on completing and integrating the NewGround and Welltech acquisitions. Management also expects to pursue organic growth in its established industrial, advisory, and technology segments, including capitalising on east coast opportunities and new markets.

The company is set to invest in its senior management and capabilities to manage increasing scale and complexity. With a strong balance sheet and pipeline of projects, Vysarn aims to continue building a national, diversified water services group, positioning for further growth in the coming years.

Vysarn Limited share price snapshot

Over the past 12 months, Vysarn shares have risen 100%, significantly outperforming the All Ordinaries Index (ASX: XAO).

View Original Announcement

The post Vysarn FY26 earnings: Revenue and profit surge appeared first on The Motley Fool Australia.

More reading

• Nine Entertainment posts higher FY26 earnings and boosts digital focus
• Chalice Mining: Expert review supports Gonneville timeline
• This ASX 200 gold stock could be a top buy after a ‘transformational’ year
• PolyNovo FY26 earnings: Revenue jumps, profit steady
• Deep Yellow delivers key Tumas milestones and secures project progress in Namibia

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 recommended Vysarn. 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 Flight Centre Travel Group Ltd (ASX: FLT) share price is in focus today after the company delivered record total transaction value (TTV) of $25.7 billion for FY26, alongside a strong 43% lift in earnings per share (EPS) to 71c, and a 5% increase in full-year dividends to 42c per share.

What did Flight Centre Travel Group report?

• TTV rose 4.7% to a record $25.7 billion
• Revenue grew 2.5% to $2.9 billion
• Underlying EBITDA increased 3.9% to $466 million
• Statutory NPAT jumped 38% to $149 million
• EPS climbed 43% to 71c per share
• Final fully franked dividend of 30c, bringing total FY26 dividends to 42c per share (up 5%)

What else do investors need to know?

Despite an impressive run through the first three quarters, Flight Centre faced a $60 million Q4 profit hit in leisure travel from heightened Middle East tensions, slowing TTV growth for the full year. Corporate travel proved resilient, with profit growth outpacing TTV, and Corporate Traveller surpassing $5 billion TTV for the first time.

The company sharpened its focus on capital management, completing $400 million in share buy-backs and issuing a $450 million convertible note. FLT also generated $80 million in cash from non-core asset sales, including Cross Hotels and Resorts and its Pedal Group stake.

What did Flight Centre Travel Group management say?

Flight Centre’s CEO, Graham Turner, commented:

FY26 was a story of mixed fortunes for our company – nine months of strong momentum and progress, interrupted by three months of external disruption that left profit broadly in line with FY25. Through the first three quarters we were tracking well ahead of the prior year in both leisure and corporate.

Then, in Q4, the Middle East conflict disrupted travel patterns, That was an external shock, not a change in the leisure business’s underlying strength, and momentum is already returning, with July TTV at record levels for the month. The $200m profit the business was on track to achieve during FY26 remains a viable, medium-term target given that travel downturns are historically short and followed by rapid rebounds.

What’s next for Flight Centre Travel Group?

Early trading in FY27 is encouraging, with the leisure division delivering record July TTV and a strong profit pipeline, especially in cruise and long-haul outbound travel. Management expects corporate profits to be weighted towards the second half of FY27, factoring in ongoing Middle East instability, up-front expansion spending, and the timing of major new account ramp-ups.

Looking ahead, Flight Centre is focusing on cost discipline, digital initiatives—including AI to enhance the customer experience—and further market share growth. Earnings guidance for FY27 will be provided at the AGM in November.

Flight Centre Travel Group share price snapshot

The Flight Centre share price has traded flat over the past 12 months, compared to a modest gain of almost 3% for the S&P/ASX 200 index (ASX: XJO).

View Original Announcement

The post Flight Centre Travel Group delivers record year despite Q4 challenges appeared first on The Motley Fool Australia.

More reading

• These are the 10 most shorted ASX shares
• 3 top ASX dividend shares to buy now
• Where to invest $5,000 in Australian shares now
• These are the 10 most shorted ASX shares
• These are the 10 most shorted ASX shares

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 recommended Flight Centre Travel 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.

The Perseus Mining Ltd (ASX: PRU) share price is in focus after the company reported record FY26 results, with profit after tax rising 14% to $480.5 million and revenue up 19% to $1.48 billion.

What did Perseus Mining report?

• Revenue of $1.484 billion, up 19% year on year
• Net profit after tax of $480.5 million, up 14%
• EBITDA of $860.5 million, up 16%
• Operating cash flow of $666.4 million, up 24%
• Final dividend of 9 cents per share, full-year dividend of 14 cents, up 87%
• Cash and bullion holdings of $1.03 billion

What else do investors need to know?

Perseus Mining completed $126 million of its $150 million FY26 share buyback, and renewed its buyback program with approval to invest up to $350 million more over the next year. The company’s strong balance sheet is supported by an undrawn US$400 million debt facility.

Perseus is also planning a further $100 million distribution to shareholders from the proceeds of the Meyas Sand Project sale in Sudan, pending final structure and approvals. A revised capital management policy sets a minimum dividend of 20% of post-NCI operating cash flow.

Project progress remains strong, with the Nyanzaga Gold Project in Tanzania now 67% complete and on track for first gold pour in January 2027.

What did Perseus Mining management say?

Perseus’s Managing Director and CEO, Craig Jones, said:

Perseus has delivered a record financial result for FY26 delivering on production and cost guidance again, a reflection of the Company’s ongoing commitment to delivering on its priorities. Strong gold prices supported our delivery of record net operating cash flow of $666 million, up 24% year on year, enabling a record year for shareholder returns. Today we announced a final dividend of 9 cents per share taking our full year dividend to 14 cents, up 87%, alongside A$126 million in on-market share buy-backs during the year.

FY26 was also a year of major project momentum with our Nyanzaga Gold Project in Tanzania on track for first gold pour in January 2027 and the achievement of first gold pour from the CMA underground in Côte d’Ivoire.

Our Mineral Resource and Ore Reserve update released today demonstrates Perseus’s ongoing ability to grow its resources, with a 37% increase in Measured and Indicated Resources and a 40% increase in Proved & Probable Reserves compared to FY25.

What’s next for Perseus Mining?

Looking ahead, Perseus expects gold production for FY27 between 420,000 and 480,000 ounces, with all-in site costs forecast between US$1,835 and US$2,070 per ounce. Development focus remains on bringing Nyanzaga online, with commercial production planned for Q4 FY27.

The company also aims to maintain a robust capital management strategy, with a focus on returning value to shareholders through dividends and share buybacks, while prioritising project execution and sustainability outcomes.

Perseus Mining share price snapshot

Perseus Mining’s share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a 65% gain, reflecting strong earnings and record shareholder distributions.

View Original Announcement

The post Perseus Mining delivers record profit and higher dividends in FY26 appeared first on The Motley Fool Australia.

More reading

• 4 ASX 200 gold shares to buy: Experts
• Why PLS, Perseus Mining and Domino’s shares are making waves on Thursday
• Perseus Mining share price: Record cashflow and growth in June 2026 quarter

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.

Electro Optic Systems Holdings Ltd (ASX: EOS) shares had a day to remember on Tuesday.

The defence and space company’s shares rocketed 23% to $10.58 following the release of its half-year results.

Does this mean it is too late to invest? Let’s see what Bell Potter is saying about the popular stock.

What is the broker saying?

Bell Potter highlights that EOS reported underlying EBITDA that was 4% above its estimates in the first half of FY 2026 thanks to better than expected gross margins. It commented:

EOS pre-reported +283% YoY revenue growth to $169m, supported by +322% YoY growth in Defence (BPe +310%) and -4% YoY decline in Space (BPe +31%). EBITDA was $21.6m (4% beat vs. BPe) driven by higher-than-expected gross margins offset partially by higher opex which reflected a 42% YoY expansion in headcount as EOS scales geographic presence for further order book growth plus MARSS sign on bonuses. Statutory NPAT of -$33.7m was materially lower than expectations and driven completely by fair value adjustments to contingent consideration of the MARSS acquisition.

Another positive was the release of an update on its guidance for FY 2026. Bell Potter points out that management is expecting revenue to be significantly better than both it and the market were expecting. The broker explains:

EOS has completed its review of CY26 revenue outlook (including the base business and the newly acquired MARSS business) and now expects full-year revenue to be in the range of $360-400m substantially above BPe of $316m and consensus of $320m. This guide is not conditional on securing future orders. On 12 August 2026, EOS issued a bank guarantee of British £37.1m ($70.9m) to a prospective government customer in the Middle East. This deposit suggests signing of a major Middle East contract is imminent. 

In the past, EOS has provided guarantees of 5-20% of the contract value, however, it is feasible that guarantees could be a much higher percentage suggesting potential contract value of between $140-700m. EOS also provided a market development update which detailed several new material opportunities including 1x >$300m follow-on production HELW systems and 5x major MARSS opportunities.

Should you buy EOS shares?

According to the note, Bell Potter has retained its buy rating and $12.60 price target on EOS shares.

Based on its current share price, this implies potential upside of almost 20% for investors over the next 12 months.

Commenting on its buy recommendation, the broker said:

Retain Buy. EOS is positioned as a C-UAS market leader leveraged to increasing budget allocations to C-UAS tech. The next 3-12 months is catalyst rich for EOS.

The post What is Bell Potter saying about EOS shares after its results? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX 200 shares today
• Buy, hold, sell: Bendigo and Adelaide Bank, PLS, EOS shares
• EOS shares rocket 13% today. Can the rally keep going?
• Electro Optic Systems half-year earnings surge on booming defence demand

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 Electro Optic Systems. 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.

There are a handful of ASX shares that analysts think could deliver substantial returns, with multiple buy ratings.

Analysts always seek opportunities that may be undervalued. Experts can quantify how undervalued an investment might be with a price target.

A price target tells investors where they think the share price will be in 12 months from the time of the investment rating. If a price target implies capital gains of more than 10% in the next year, it could be more likely to beat the S&P/ASX 200 Index (ASX: XJO).

There are a few names that are projected to grow by 60% or more, including the following two.

IDP Education Ltd (ASX: IEL)

IDP describes itself as a global leader in international student placement and a co-owner of the world’s most popular high-stakes English language test, IELTS. It helps people get accepted into their ideal course, take an English language test or learn English in its schools.

It’s partnered with more than 1,000 universities and institutions across Australia, Canada, Ireland, New Zealand, the UK and the USA.

The ASX share has struggled in recent times amid the uncertainty surrounding the international student sector, but now it’s seen as undervalued after falling 95% since November 2021 and down 70% since January 2026.

IDP Education reported that it was resilient during FY26, with revenue only falling by 9% to $795.4 million as low volumes were partly offset by a strong yield performance. It said that its yield improved 11% in student placement and 7% in language testing.

Student placement volumes declined by 27%, language testing volumes dropped by 8%, and language volumes increased by 1%. IDP said it was disciplined with its cost control, with direct costs down 8%. It delivered a $32 million net reduction in its overhead cost base, ahead of its $25 million target.

It also said that its adjusted operating profit (EBIT) of $122.9 million only declined by 7%.

The ASX share is planning for its market volume to drop by 20%-30% in FY27, but it expects revenue outperformance amid a focus on profitable growth and average yield improvements. The student placement and English language testing yields are expected to grow at mid-single-digit percentages.

Cost-cutting is expected to deliver a $15 million reduction in overhead costs.

According to CMC Invest, there have been nine ratings on the business within the last three months. The average price target is $3.08, implying a possible rise of 68% over the next year from where it is at the time of writing.

Zip Co Ltd (ASX: ZIP)

Another ASX share that could be one to watch is Zip, a leading buy now, pay later business.

The company recently reported its results for the 12 months to 30 June 2026, which showed impressive growth. Total transaction value (TTV) grew 27.2% to $16.7 billion, with US TTV higher by 42.5% in US dollar terms.

Total income increased 24.6% to $1.35 billion, cash operating profit (EBTDA) rose 57.9% to $268.9 million and statutory net profit after tax (NPAT) grew 45.7% to $116.4 million. It also announced a $50 million Zip share buyback.

In FY27, the ASX share expects to see US TTV growth of more than 30% in US dollar terms, and cash EBTDA could rise by 26% to $340 million.

According to CMC Invest, there have been six ratings on the business within the last three months. The average price target is $4.28, suggesting a possible rise of 69% over the next year from where it is at the time of writing.

The post 2 ASX shares tipped to grow 60% or more in the next 12 months appeared first on The Motley Fool Australia.

More reading

• 3 reasons why the Zip share price could be a great buy
• Brokers name the ASX 200 winners and losers from the first half of reporting season
• 3 ASX shares UBS says will return better than 36%
• What ASX reporting season share price swings really mean
• How high do UBS and Macquarie think Zip shares will go?

Motley Fool contributor Tristan Harrison 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.