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<WIRE> James Hardie (ASX:JHX) Expects Q2 Adjusted Net Income of $170 Mln to $190 Mln

James Hardie (ASX:JHX) announced that it expects its Q2 FY2024 adjusted net income to be in the range of US$170 million to US$190 million.

The company added that its North American volumes are anticipated to be anywhere from 740 million to 770 million standard feet.

The North American EBIT margin is forecasted to fall within 30% to 32%.

Despite global uncertainties surrounding housing markets in which the company operates, James Hardie (ASX:JHX) is committed to delivering robust financial results in Q2.

For the full financial year of FY24, the company has projected a total expense of approximately US$550 million in capital.

The firm is keen on investing in capacity expansion and expects continued robust operating cash flows will help maintain a strong liquidity position.

However, the company does not plan to begin construction at the USA Greenfield Crystal City site in FY24.

In addition, since the initiation of the share buyback program in November 2022, 5.8 million shares have been bought back for a total value of US$127.4 million.

James Hardie (ASX:JHX) sources indicate that its North American market could potentially see a decrease between 5% and 18% in CY2023 compared to CY2022.

James Hardie (ASX:JHX) is an industry leader in the manufacture of building materials, using technology to produce a resilient range of fiber-cement and fiber-gypsum products.


<WIRE> Analysts at Canaccord Genuity Lower Price Target on Australia's Healthia (ASX:HLA) Following Forecast Cut

Australia’s Healthia (ASX:HLA) recently faced a price target cut by analysts at Canaccord Genuity.

The target price was reduced to A$1.70 per share from a previous A$2.30.

This price adjustment follows a recent announcement by Healthia, regarding a trimmed down forecast for their underlying EBITDA estimates for FY23 to A$38 mln to A$39 mln.

Originally, the expectations eclipsed A$40 mln.

The primary reason driving this decrease in estimates, builds upon an unexpected increase in staff absences during Q4, which analysts cite was due to spikes in influenza and COVID-19 cases.

Despite this, Canaccord Genuity anticipates that Healthia will post an underlying EBITDA runrate of A$42.2 mln for FY23.

Of all the analysts covering the stock, the consensus is to ‘buy’.

The median price target currently stands at A$2.54, as per Refinitiv.

So far this year, the company’s stock has decreased by 17.9% leading up to the most recent closing.

Healthia is a health services firm based in Australia.


<WIRE> Camping World (ASX:CWH) Gearing to Acquire RV Arizona Consignment Specialists, Share Prices Skyrocket

U.S.

recreational vehicles (RV) retailer, Camping World (ASX:CWH), experienced a premarket jump in shares by 3.9% to reach $28.50 following an announcement that the company is set to purchase RV Arizona Consignment Specialists.

The deal is expected to be finalized in the fourth quarter of 2023.

Prior to this revelation, Camping World’s (ASX:CWH) stock had already seen a 22.9% increase year-to-date.

Camping World, based in the U.S., is a leading retailer in the recreational vehicle industry.



<WIRE> Platinum Asset Management (ASX:PTM) Reports Net Outflows of About A$98 Million in July

Platinum Asset Management (ASX:PTM) has reported that the company experienced net outflows amounting to approximately A$98 million in July.

Concurrently, the firm revealed that its funds under management (FUM) following the annual distribution to its unit holders as of 31st July stood at A$17,800 million.

Platinum Asset Management is a Sydney-based company that specializes in managing investment products.


<WIRE> Healthia Forecasts FY23 Revenue Between $253.0M-$254.0M (ASX:HLA)

Healthia (ASX:HLA) is projected to have FY23 revenue between $253.0M-$254.0M.

The company has achieved 6.2% organic revenue growth for July.

The firm continues to set goals for an annual organic revenue growth between 3.0%-6.0%.

Furthermore, Healthia predicts their EBITDA(U) to range from A$38.0M to A$39.0M for FY23.Healthia (ASX:HLA) is a company specializing in the field of healthcare, with several services to offer.


<WIRE> Mitre Mining (ASX:MMC) Rises Following Pegmatite Discovery at Western Australia Project

Shares of Mitre Mining (ASX:MMC) surged as much as 12.7% to A$0.310, marking its most significant intraday percentage jump since June 21.

This surge comes as the mining company revealed that initial field work at their Mt Alexander lithium project in Western Australia has identified multiple pegmatite swarms.

The company also announced plans for an expanded field mapping and sampling campaign with intentions to further explore the pegmatite field.

The stock has reached its highest level since June 26.

Despite today’s rise, the stock has fallen 1.8% this year, as per its last closing.

Mitre Mining is a mining company involved in projects throughout Australia focussed on finding valuable resources.


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<WIRE> QMines Leaps to 3-Month High on Copper Reserve Discovery (ASX:QML)

Shares of QMines (ASX:QML) soar to a remarkable 13.3% increase, reaching A$0.170, the highest level seen since May 3rd.

QMines, a significant copper and gold miner, announced a noteworthy discovery of visible copper sulphide mineralisation at Artillery Road Prospect, situated in Queensland.

QMines suggests that the prospect holds the potential for large copper reserves, with more discoveries anticipated.

Despite this positive news, the company’s stock has experienced a fall of 9.1% during this year up to the most recent closure.

QMines is an Australian copper and gold mining company with significant projects, notably in Queensland.


<WIRE> Mont Royal Resources (ASX:MRZ) Climbs After Placement Raises A$2.2 Million

Shares of Mont Royal Resources (ASX:MRZ) surged as much as 2.56% to a peak of A$0.2, their loftiest since July 31.

The gold and copper mining firm announced it had raised A$2.2 million by way of advancing its James Bay Lithium Exploration Strategy.

The commitment for raising this capital came through a share placement directed at institutional and sophisticated investors, with each share priced at $0.16.

Mont Royal Resources (ASX:MRZ) added that the proceeds from the placement would enable the company to kick off a helicopter-supported lithium prospecting program.

As of its most recent closing, the company’s stock has seen a rise of over 11% this year.

Mont Royal Resources (ASX:MRZ) is a gold and copper mining company engaged in advancing its James Bay Lithium Exploration Strategy.



<WIRE> Manuka Resources (ASX:MKR) Jumps on Resumption of Weekly Gold Deliveries

Shares of Manuka Resources soared as much as 8% to A$0.054, potentially their best day since July 6 if the gains are maintained.

The precious metal mining company reported it made its third payable gold delivery to ABC Refinery on August 3.

Manuka Resources has also started expecting deliveries on a regular weekly basis, as they process various stockpiles from the Mt Boppy gold project.

The key project metrics are in line with original expectations and the company exudes confidence in its ability to achieve target levels of 350 - 450 ounces of gold delivery per week.

The stock of Manuka Resources, however, had fallen by 41.2% this year as of its last closing.

Manuka Resources (ASX:MKR) is an Australia-based mining company focused on precious metal extraction.


<WIRE> American West Metals (ASX:AW1) Hits Record High With More Copper Discovery in Canada

American West Metals (ASX:AW1) shares escalated to a record high of AS$0.33, seeing an uplift of as much as 13.8% on the news of further copper discoveries in Canada.

The company announced two new discoveries at its Storm Copper project in Canada, bringing to light a new near-surface zone of mineralisation and a deeper sediment-hosted copper system in an under-explored area of the site.

American West Metals also reported ongoing diamond drilling on high-priority copper targets in the area.

More than 23.9 million shares were traded in light of the news, a substantial increase compared to the 30-day share-trade average, which stands at approximately 9.4 million.

At last close, the company’s stock value noted an impressive increment of 169.8% Year-to-Date.

American West Metals is a well-established company in the metals and mining industry, specialising in exploration and development of high-value metals.