Tag: Stock pick

Sunrise Energy Metals Ltd (ASX: SRL) is back on the radar after another strong move on Tuesday.

The stock is up 9.19% to $12.83 in morning trade, continuing a run that has built quickly across April.

Over the past month, the share price has climbed roughly 74%, putting it among the standout movers on the S&P/ASX 300 Index (ASX: XKO).

A fresh update released before market open has brought the stock back into focus.

Development plans move closer to reality

The latest quarterly update centres on the Syerston Scandium Project in New South Wales, which is moving closer to development.

A completed feasibility study outlines a pathway to produce 60 tonnes per annum of scandium oxide. That positions the project as a potential large-scale supplier into a niche but growing market.

The study also points to a relatively modest upfront capital cost of around US$120 million. Operating costs are expected to average US$534 per kilogram across the life of mine.

Scandium demand back in focus

Part of the interest sits with where scandium demand could head next.

According to the company, global demand for scandium oxide could rise to around 300 tonnes per year by 2030. Growth is being driven by solid oxide fuel cells, aerospace applications, and next-generation semiconductors.

There is also a shift in supply dynamics. Export restrictions from China across rare earths materials have tightened availability, bringing more focus to alternative sources.

Sunrise is positioning Syerston as one of those sources, particularly for Western customers looking to diversify supply chains.

Funding support and expansion plans emerge

Another detail getting picked up is early-stage funding support.

Sunrise has secured a letter of interest from the US Export-Import Bank for up to US$67 million in project financing, subject to conditions.

At the same time, the company is already looking beyond the initial plan.

Work is underway on a potential expansion that could lift production by a further 120 tonnes per year. If developed, that would significantly increase output and reduce unit costs.

Construction is being targeted for the middle of 2026, with first production expected in 2028.

Work continues behind the scenes

Outside the main update, early-stage work across the project is progressing.

Drilling programs, engineering design, and infrastructure planning are all underway. The aim is to tighten resource definition and move toward a final investment decision (FID).

The company also reported ongoing discussions with potential offtake partners, which is a key step for projects at this stage.

Beyond Syerston, exploration activity continues across Queensland assets, while a geothermal joint venture in the Millungera Basin is also advancing.

Cash position and market attention

At the end of the March quarter, Sunrise held around $117 million in cash.

That provides a degree of flexibility as development work continues, though further funding will likely be needed as the project moves toward construction.

The company was also recently added to the S&P/ASX All Ords Index (ASX: XAO), which increases its exposure to institutional investors and index funds.

With the share price already on a strong run, the stock is sitting just off its multi-year high of $13.01.

The post This ASX stock is up 74% in a month. Here’s why it’s ripping 9% higher today appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Aaron Teboneras 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.

ASX All Ords gold stock Astral Resources NL (ASX: AAR) is marching higher today.

Astral shares closed yesterday trading for 19.0 cents. In morning trade on Tuesday, shares are swapping hands for 19.2 apiece, up 1.1%.

For some context, the All Ordinaries Index (ASX: XAO) is up 0.2% at this same time.

This follows news of a material resource upgrade at Astral’s 100%-owned Mandilla Gold Project, located in Western Australia.

Here’s what’s happening.

ASX All Ords gold stock lifts on growing resource

Before market open this morning, Astral Resources reported on an updated Mineral Resource Estimate (MRE) at Mandilla of 54 million tonnes at 1.0 gram of gold per tonne for 1.74 million ounces of contained gold.

That represents a 22% increase in contained gold compared with the previous Mandilla MRE, announced in April 2025. And for the first time it includes an inaugural Measured Resource Estimate for the Astral’s flagship Theia Deposit.

Including the ASX All Ords gold stock’s Feysville and Spargoville projects, the miner’s consolidated MRE is now estimated at 62Mt at 1.1g/t Au for 2.07 million ounces of contained gold.

The MRE at Astral Resource’s cornerstone Theia deposit increased by 233,000 ounces to 1.39 million ounces.

The miner noted that the Theia deposit remains open at depth. Astral currently has a six-hole (3,000-metre) diamond drill program underway to test for further extensions at depth.

What did Astral Resources management say?

Commenting on the results helping lift the ASX All Ords gold stock today, Astral Resources managing director Marc Ducler said, “This update to the Mandilla Mineral Resource Estimate is an important precursor to the detailed mine design work that is now underway to support the Mandilla DFS.”

He noted, “A key driver for this update was to understand the MRE’s response to the 12.5 metre by 12.5 metre in-fill drilling recently completed within the Stage 1 Theia open pit.”

Looking ahead Ducler added:

In-fill drilling is ongoing at Theia, with a 23,000m program underway to continue progressing the remainder of Stage 1 to a 12.5 metre by 12.5 metre drill spacing, which will ensure the first 12 to 18 months of mine production is derived from the Measured Resource category.

As for the big run higher in the gold price over the past year, Ducler said:

Notwithstanding the recent volatility in the gold price, the price is 100% higher than the design assumptions used in the June 2025 PFS. In this environment, and given our confidence that the Theia deposit remains open at depth, we are now evaluating an underground mining option for Theia.

The post ASX All Ords gold stock jumping today on 22% contained gold increase appeared first on The Motley Fool Australia.

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• This ASX stock is up 74% in a month. Here’s why it’s ripping 9% higher today

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.

BlackRock will pay its iShares ASX exchange-traded funds (ETFs) investors their next round of distributions (dividends) today.

These ETFs include the iShares Core S&P/ASX 200 ETF (ASX: IOZ), which is trading at $36.06 per unit, up 0.33% this morning.

Investors participating in the distribution reinvestment plan (DRP) for any of these ASX ETFs will receive their new units shortly.

Here are the final distributions for investors receiving cash payments, and the DRP prices for those who are reinvesting their dividends.

Dividends for iShares ETFs

ASX ETF	Dividend per unit	DRP price
iShares 15+ Year Australian Government Bond ETF (ASX: ALTB)	65.43 cents per unit	$95.48 per unit
iShares Core Cash ETF (ASX: BILL)	41.48 cents per unit	$100.38 per unit
iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (ASX: GLIN)	16.7 cents per unit	$31.77 per unit
iShares Core FTSE Global Property Ex Australia (AUD Hedged) ETF (ASX: GLPR)	19.5 cents per unit	$27.70 per unit
iShares Core Composite Bond ETF (ASX: IAF)	80.61 cents per unit	$100.65 per unit
iShares Credit Income Active ETF (ASX: ICME)	57.17 cents per unit	$99.43 per unit
iShares Core Corporate Bond ETF (ASX: ICOR)	105.24 cents per unit	$93.52 per unit
iShares Core MSCI Australia ESG ETF (ASX: IESG)	28.44 cents per unit	$31.24 per unit
iShares Treasury ETF (ASX: IGB)	40.52 cents per unit	$96.61 per unit
iShares S&P/ASX Dividend Opportunities ESG Screened ETF (ASX: IHD)	15.70 cents per unit	$17.28 per unit
iShares Government Inflation ETF (ASX: ILB)	43.33 cents per unit	$126.16 per unit
iShares S&P/ASX 20 ETF (ASX: ILC)	31.72 cents per unit	$35.18 per unit
iShares Core S&P/ASX 200 ETF (ASX: IOZ)	32.53 cents per unit	$35.95 per unit
iShares Enhanced Cash ETF (ASX: ISEC)	49.66 cents per unit	$100.33 per unit
iShares Yield Plus ETF (ASX: IYLD)	42.24 cents per unit	$98.87 per unit

Own other ASX ETFs?

It’s dividend season for several ASX ETF providers.

If you own Betashares ETFs such as Betashares Australia 200 ETF (ASX: A200) or Betashares Diversified All Growth ETF (ASX: DHHF), check your bank account today to ensure you received your dividend payment yesterday.

If you own Vanguard ETFs such as Vanguard Australian Shares Index ETF (ASX: VAS) or Vanguard Australian Shares High Yield ETF (ASX: VHY), you were also paid yesterday.

Follow the links provided above to find out how much your dividends or DRP unit prices were for this round of distributions.

The post Own ASX IOZ or other iShares ETFs? Here are the dividends you’ll get today appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen 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 Vanguard Australian Shares High Yield ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Lynas Rare Earths Ltd (ASX: LYC) shares are back in focus on Tuesday.

The stock has opened lower by 3% to $19.77, despite a steady run that has built across recent months. That move still leaves the share price up roughly 60% since January.

Momentum has been building in the background, but today’s update has given investors another reason to pay attention.

Let’s unpack what was released today.

A busy quarter with stronger numbers

The March quarterly result came in with clear growth across key metrics.

Gross sales revenue reached $265 million, up from $201.9 million in the prior quarter. Sales receipts also climbed to $234 million, showing stronger cash conversion through the period.

Production levels were solid. Total rare earth oxide output reached 3,233 tonnes, with neodymium (Nd) and praseodymium (Pr) production coming in at 1,996 tonnes.

Average selling prices also moved higher, supported by a shift in product mix and firmer pricing conditions.

The company pointed to stronger demand across both light and heavy rare earth products, including higher-value materials such as dysprosium and terbium.

New agreements lock in longer-term demand

A major focus during the quarter was securing supply agreements with key partners.

Lynas signed an updated 12-year agreement with Japan Australia Rare Earths, covering the supply of NdPr material. The deal includes a floor price mechanism and volume commitments that extend visibility well into the next decade.

There is also a profit-sharing component if prices move above certain levels, alongside agreed supply volumes for heavy rare earth products.

In the United States, Lynas signed a letter of intent tied to government-backed funding. Around US$96 million is expected to support the purchase of rare earth materials, helping build out supply chains outside China.

Expansion projects continue to move forward

Operational progress remained steady across Lynas’ key assets.

At Mt Weld, expansion work continued, with a focus on improving recovery rates and lifting output over time. The site also benefited from the rollout of a hybrid renewable power system, reducing diesel use and improving energy efficiency.

In Malaysia, production of samarium oxide began ahead of schedule in March. This adds another product stream and supports the push into higher-value materials used in specialised applications.

Work is also progressing on downstream processing capabilities, including plans tied to facilities in the United States and potential developments in Vietnam.

Cash position strengthens

The balance sheet showed a noticeable shift over the quarter.

Closing cash and short-term deposits lifted to $1.07 billion, up from just over $1.03 billion in the prior period. That increase came despite ongoing capital investment across expansion projects.

Operating cash flow remained strong, supported by higher receipts and improved pricing.

Why the market is watching

Rare earths have been moving back into focus this year, driven by supply chain concerns and rising demand from clean energy and defence sectors.

Lynas sits in a unique position as one of the few large-scale producers outside China.

Those trends are starting to show up in the numbers, with the latest update pointing to a business gaining momentum.

The post Lynas shares slip after update: here’s what’s turning heads appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Lynas Rare Earths Ltd. 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.

Shares in West African Resources Ltd (ASX: WAF) were trading broadly flat on Tuesday after the company announced the Burkina Faso Government would acquire another 25% of its Kiaka operations for $175 million.

Shareholders in the money

But the announcement is good news for shareholders, with the ASX gold company saying it would distribute the money by way of a special dividend.

The Burkina Faso Government already held a 15% stake in the Kiaka operations, which poured their first gold ahead of schedule and under budget in June of last year.

The Burkina Faso government has now passed a decree authorising Société de Participation Minière du Burkina Faso (SOPAMIB) to acquire the extra stake.

West African executive chair Richard Hyde said regarding the announcement:

Publication of the Decree removes uncertainty regarding the Government’s interest in Kiaka. WAF will proceed to finalise a transaction with SOPAMIB, which we aim to have completed by the end of CY 2026. WAF plans to distribute the cash proceeds received from the sale of its interest in Kiaka back to shareholders by way of a special dividend. Our discussions with SOPAMIB have been extensive and robust. During these discussions, we have also explored opportunities for a mutually beneficial long-term partnership on advanced gold projects within SOPAMIB’s current portfolio.

West African Resources said its Sanbrado and Toega operations are not the subject of a request for additional participation by the Government and are not referred to in the Decree.

Mr Hyde added that the company would release its quarterly activities and cash flow reports later this week, “which are anticipated to report a record high cash position for WAF”.

West African Resources shares were marginally higher, up 2.9% in early trade, before settling back to be 1.7% lower at $3.38.

The company is valued at $3.93 billion.

Long term growth

West African Resources announced in late March that it had a strong production profile over the next decade, built around its African operations.

Mr Hyde said at the time:

WAF’s updated 10-year production outlook forecasts the production of 5.3 million ounces of gold over the next decade, with production peaking in 2030 at 596,000 ounces. Our unhedged Mineral Resources now stand at 13.6 million ounces of gold, while Ore Reserves total 7.0 million ounces. We see potential to improve annual production further through our ongoing drilling programs where we plan to drill more than 100,000m annually targeting extensions at M5 South underground, beneath M5 North open-pit and Toega underground. Our 2026 10-year production plan highlights WAF’s strong and sustainable long-term future.

The company added that its Sanbrado and Kiaka projects, along with surrounding exploration licenses, had “strong potential” for new discoveries and extensions of existing resources.

The post Why are West African Resources shareholders celebrating today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Atlas Arteria Group Ltd (ASX: ALX) share price is in focus today after the company reported a modest 0.1% lift in proportionate toll revenue for the first quarter of 2026, with strong growth in Dulles Greenway and A79 roads balancing softer trends elsewhere.

What did Atlas Arteria report?

• Proportionate toll revenue rose 0.1% in Q1 2026 vs Q1 2025
• Adjusting for foreign exchange, revenue increased by 1.6%
• A79 toll revenue up 6.6% and traffic up 4.1%
• Dulles Greenway toll revenue up 7.4% and traffic up 7.6%
• APRR toll revenue grew by 1.1%, despite a 0.9% traffic drop
• Warnow Tunnel toll revenue fell 5.8% on lower traffic due to harsh winter

What else do investors need to know?

Atlas Arteria saw varying results across its international portfolio. While light vehicle traffic was down in France and on Chicago Skyway, heavy vehicle traffic was up in France and down in Chicago. The Dulles Greenway recorded strong results, bolstered by increased congestion on competing routes.

The company noted no significant impact from global economic factors or rising fuel prices so far this year. Most tolls remain linked to local inflation, with any cost increases expected to gradually flow through.

What’s next for Atlas Arteria?

Atlas Arteria will continue keeping an eye on fuel and economic conditions, though its roads historically show solid resilience through cycles. Management expects toll revenue to be supported by CPI-linked pricing and disciplined asset management, with future performance varying by geography but underpinned by long-term contracts and user demand.

The company is also monitoring global freight trends and supply chain shifts that can affect heavy vehicle traffic, particularly in the US.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have declined 13%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 15% over the same period.

View Original Announcement

The post Atlas Arteria shares: Q1 2026 toll revenue ticks higher appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Mineral Resources Ltd (ASX: MIN) share price is in focus today after the company announced it had successfully priced a US$1.3 billion senior unsecured notes offering, aiming to reduce finance costs and lengthen the average term of its debt.

What did Mineral Resources report?

• Successfully priced US$650 million 6.000% senior unsecured notes due May 2032
• Priced an additional US$650 million 6.250% senior unsecured notes due May 2034
• Will use proceeds to refinance existing US$625 million notes and outstanding iron ore prepayment
• Notes guaranteed by certain wholly-owned subsidiaries
• Expected to lower annual interest costs by $48 million, cutting average debt cost from 8.4% to 7.4%
• Weighted average debt tenor to extend from 3.1 to 5.0 years

What else do investors need to know?

Mineral Resources’ latest offering is set to deliver clear financial benefits, including a notable reduction in annual financing costs and a more sustainable debt maturity profile. The company expects the funding move to free up cash flows and enhance balance sheet flexibility.

Settlement of the new notes is anticipated on 29 April 2026, subject to customary closing conditions. The interest will be paid semi-annually from November 2026, supporting the company’s long-term funding needs.

What’s next for Mineral Resources?

Mineral Resources plans to use the proceeds to fully refinance its higher-cost debt, repay its iron ore prepayment facility, and redeem a portion of its 2028 notes. These steps are designed to improve the company’s financial resilience and support ongoing investments across lithium, iron ore, and mining services.

Investors will be watching to see how the strengthened balance sheet supports the company’s growth strategy and operational expansion in key markets over the coming years.

Mineral Resources share price snapshot

Over the past 12 months, Mineral Resources shares have risen 276%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 15% over the same period. 

View Original Announcement

The post Mineral Resources launches US$1.3bn notes offer to cut debt costs appeared first on The Motley Fool Australia.

More reading

• Atlas Arteria shares: Q1 2026 toll revenue ticks higher
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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

S&P/ASX 200 Index (ASX: XJO) gold stock Ora Banda Mining Ltd (ASX: OBM) is charging higher today.

Ora Banda shares closed yesterday trading for $1.56. In early morning trade on Tuesday, shares are changing hands for $1.59 apiece, up 1.7%.

For some context, the ASX 200 is up 0.2% at this same time.

This outperformance follows an update on the miner’s ongoing drilling campaign at its Waihi Project, located in Western Australia.

Here’s what we know.

ASX 200 gold stock lifts on drill results

In January, Ora Banda kicked off a 22 hole exploratory drill program at Waihi, close to the historical Golden Pole mine.

The ASX 200 gold stock said the “exceptional high-grade drill results” from this program have accelerated Golden Pole’s inclusion in an updated Mineral Resource and Ore Reserve Estimate for Waihi.

Ora Banda aims to complete the new estimates in the June quarter.

The Waihi deposit is located three kilometres from Ora Banda’s Davyhurst processing plant. The miner is targeting Waihi as a potential third underground mine.

Management said that the targeted infill and extensional drilling on Waihi’s Golden Pole Lode have confirmed its mining potential.

Ora Banda reported top results from one hole of 3.0 metres at 44.0 grams of gold per tonne, including 2.0 metres at 64.6 grams of gold per tonne.

A second hold returned 11.3 meters @ 10.5 g/t AU, including 2.0 metres @ 48.2 g/t AU.

Golden Pole has a rich history, which the ASX 200 gold stock aims to rekindle. From 1900 to 1939, the gold mine produced 81,000 tonnes @ 29. 6g/t Au for some 77,000 ounces of gold.

Ora Banda noted that extensions to the Golden Pole mineralised system were “poorly drill tested” by previous operators, which the miner said provides it with a significant follow-up opportunity.

What did Ora Banda management say?

Commenting on the drill results helping boost the ASX 200 gold stock today, Ora Banda managing director Luke Creagh said:

These excellent drill results build on the rapidly growing body of work at Waihi and we’re moving to incorporate these into an updated Waihi underground Mineral Resource and Ore Reserve Estimate scheduled for release this quarter.

At Waihi, we are once again seeing the rapid transition of an exploration target into a potential near-term development, highlighting both the excellent organic growth opportunities on the tenement package plus the outstanding ability of our teams to discover and develop these opportunities.

Ora Banda share price snapshot

With today’s intraday gains factored in, shares in the ASX 200 gold stock up 32.5% in 12 months, and up 148.4% since the recent closing lows on 1 August.

The post Guess which ASX 200 gold stock lifting off today on ‘exceptional high-grade’ results appeared first on The Motley Fool Australia.

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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 Emerald Resources Ltd (ASX: EMR) share price is in focus after the company released an exploration update revealing further high-grade gold intersections from its projects in Western Australia and Cambodia.

What did Emerald Resources report?

• Ongoing drilling at Dingo Range Gold Project (WA) confirmed extensive high-grade mineralisation, including 45m at 4.1g/t gold and 15m at 7.09g/t.
• Freeman’s Find Deposit drilling returned 13m at 4.46g/t gold and 2m at 29.12g/t gold, supporting resource model confidence.
• Memot Gold Project (Cambodia) infill drilling produced significant intercepts such as 2m at 50.29g/t gold and 14m at 3.37g/t gold.
• Okvau Gold Mine drill results included 3m at 59.04g/t gold, highlighting further upside potential.
• Resource upgrades this year: Dingo Range at 40.9Mt at 1.1g/t Au (1.41Moz); Memot at 45Mt at 1.2g/t Au (1.7Moz).

What else do investors need to know?

Emerald continues to demonstrate growth at both existing operations and exploration targets, with ongoing drilling campaigns at Boundary, Neptune, and Freeman’s Find deposits. High-grade results and extensive metreage drilled confirm the scale and prospectivity of these assets.

In Cambodia, infill and extensional drilling at Memot and Okvau is building confidence for impending mineral resource updates and a maiden reserve at Memot. Over 1,600 assays from Memot and more than 1,000 from Okvau remain pending, meaning more results are likely ahead.

The company is also extending its air core drilling program at the Stables Prospect in Western Australia, chasing fresh geochemical anomalies and potential new discoveries further along strike.

What did Emerald Resources management say?

Managing Director said Morgan Hart said:

As we continue resource expansion and infill drilling, the consistency of high-grade results from Australia and Cambodia highlights the ongoing growth potential across our portfolio.

What’s next for Emerald Resources?

Emerald is set to incorporate results from ongoing drilling into upcoming resource and reserve estimations, particularly at Dingo Range and Memot. The company plans to intensify drilling across its tenure, targeting underground potential and further open pit extensions.

Investors can expect more assay results and project updates throughout the year, as the company works toward unlocking further value from its gold projects in both Australia and Cambodia.

Emerald Resources share price snapshot

Over the past 12 months, Emerald Resources shares have risen 46%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 15% over the same period.

View Original Announcement.

The post Emerald Resources hits more high-grade gold at Dingo Range and Memot appeared first on The Motley Fool Australia.

More reading

• Atlas Arteria shares: Q1 2026 toll revenue ticks higher
• Mineral Resources launches US$1.3bn notes offer to cut debt costs
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• Lynas Rare Earths shares in focus after record revenue and new supply deals
• Challenger plans 2026 redemption of Capital Notes 3 with final distribution

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

Rio Tinto Ltd (ASX: RIO) shares are rising on Tuesday morning.

At the time of writing, the mining giant’s shares are up 1% to $174.27.

This follows the release of the miner’s quarterly update before the market open.

This gain leaves the Rio Tinto share price within touching distance of its record high.

Rio Tinto shares rise on Q1 update

For the three months ended 31 March, Rio Tinto reported Pilbara iron ore sales of 72.4Mt, which was up 2% on the prior corresponding period. It notes that Tropical Cyclones Mitchell (in February) and Narelle (in March) impacted shipments by approximately 8Mt.

As a result, management has reaffirmed its FY 2026 guidance of 323Mt to 338Mt. However, it is still tracking below this guidance range when adjusting for delayed shipments.

The copper business was more positive. It reported a 9% increase in production to 229kt, which means it is tracking ahead of its guidance range of 800kt to 870kt in FY 2026.

Elsewhere, aluminium production increased 1% to 0.84Mt, alumina production lifted 6% to 2Mt, bauxite production dropped 11% to 13.3Mt, and lithium production was 12.7kt. All production guidance for these commodities has been reaffirmed for FY 2026.

Cost guidance unchanged

Rio Tinto revealed that the war in the Middle East has had a limited impact on its operations.

The mining giant advised that it consumes ~1.6 billion litres of diesel annually, with around two-thirds in the Pilbara. However, despite higher diesel prices steepening the cost curve, it notes that its cost position is resilient, underpinned by scale and global supply-chain leverage.

As a result, management has retained its cost guidance for FY 2026. It continues to forecast Pilbara iron ore unit cash costs of US$23.5 to US$25 per wet metric tonne, and copper C1 net unit costs of US$65 to US$75 per pound.

Management commentary

Commenting on the quarter, Rio Tinto’s chief executive, Simon Trott, said:

Operating excellence drove 9% YoY copper equivalent production growth across our portfolio as the Oyu Tolgoi copper mine continues to ramp up as planned and our integrated aluminium business, again, delivered a strong performance. Our Pilbara iron ore mines performed strongly, while shipments were impacted by two cyclones in the quarter. We achieved the historic land exchange at Resolution Copper, with our project team focused on unlocking the next phase of one of the world’s largest untapped copper deposits.

The unmatchable mix and scale of our portfolio has ensured growth and supply chain resilience against changing operating conditions as we continue to closely monitor the evolving situation in the Middle East. Our stronger, sharper, simpler way of working is enabling us to move at pace to achieve productivity benefits across the business. The first $650m of annualised benefits is now fully implemented, as promised, with substantially more underway.

The post Rio Tinto shares close in on record high following strong Q1 update appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.