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<WIRE> Tietto Minerals (ASX:TIE) Produced 11,643 Oz Gold At Abujar In July

Tietto Minerals (ASX:TIE) announced on that it had produced 11,643 ounces of gold at Abujar in July.

In addition, the company made known its plans to commence stockpiling lower grades, which will facilitate higher mill head-grades in the latter half of 2023.

Tietto Minerals (ASX:TIE) also revealed that it would more accurately predict grade and likely production in the second half of 2023.

Tietto Minerals is a mining company known for its focus on gold production at its Abujar site.



<WIRE> Syrah Resources (ASX:SYR) Extends USA Supply Chain Support

Syrah Resources (ASX:SYR) has announced the extension of its US supply chain support through binding offtake agreements for Balama natural graphite with Graphex and Westwater.

In addition to this, the company is also negotiating further Balama natural graphite commercial supply arrangements with ex-China anode processing and downstream companies.

With these strategic moves, Syrah Resources is targeting 100,000 tons per annum (TPA) Balama fines sales to third-party AAM customers ex-China from 2026.

Syrah Resources is a company specializing in mining and producing natural graphite.



<WIRE> Lachlan Star (ASX:LSA) Up 11.1% After Acquiring NSW Copper-Gold Portfolio

Shares of Lachlan Star (ASX:LSA) ascended as much as 11.1% to A$0.010, marking their highest level since July 24.

The mineral exploration corporation entered into a share sale agreement with DevEx Resources (ASX:DEV).

In this deal, Lachlan Star is set to acquire an extensive copper-gold exploration portfolio in New South Wales, currently owned by DevEx.

As consideration for the deal, Lachlan Star will issue 756.7 million fully-paid shares to DevEx at a deemed issue price of A$0.01.

Once the agreement is executed, DevEx will possess a 36.46% stake in Lachlan Star.

Approximately 3.1 million Lachlan Star shares changed hands, which is in contrast to the 30-day average trading volume of 1.4 million shares.

Lachlan Star’s stock value has seen a 30.8% reduction this year up to the latest closing period.

Lachlan Star is a mineral exploration corporation based in Australia.


<WIRE> Cosol (ASX:COS) Announces Acquisition of Asseton Group and Equity Raising

Cosol (ASX:COS) is making a strategic acquisition, by entering into a binding purchase agreement to acquire 100% of Asseton Group and Onplan Technologies.

The total cost of this acquisition is estimated to reach up to A$29M, which comprises both cash and scrip.

The cash component of this purchase will be funded from a A$15M placement and a A$4.6M drawdown on a debt facility.

The acquisition of Asseton Group and Onplan Technologies is expected to positively impact Cosol’s finances, particularly it is projected to be low double-digit earnings per share accretive on a pro forma basis in FY24.

Notably, unaudited FY23 revenue was reported at A$75.1 million.

Cosol is a company that specializes in providing strategic acquisitions and various technologies.


<WIRE> Link Administration (ASX:LNK) Expects to Report FY23 Group Operating EBIT of A$178.1 Million

Link Administration anticipates to report an FY23 Group Operating EBIT approximately A$178.1 Million.

The company also expects a FY23 statutory loss (after tax) of roughly A$417.7 million.

Moving into the FY24, they forecast a gain of nearly A$280.3 million (net of tax) upon successful completion of the FS sale.

The sale of the FS Business to the Waystone Group and the announcement of the settlement are expected to span across two financial years.

Link Administration (ASX:LNK) also projects the completion of the FS sale by October 2023, pending the satisfaction of the remaining conditions.

Lastly, the BCM sale is targeted to wrap up by September 2023, as previously outlined.

Link Administration (ASX:LNK) is a leading provider of services in share registry, employee share plans, customer relationship management, and stakeholder management.


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<WIRE> Saferoads Holdings (ASX:SRH) Reports FY2023 Revenue of A$14.66M

Saferoads Holdings (ASX:SRH) has announced that their revenue for fiscal year 2023 was A$14.66M.

This is a 19% increase compared to the previous year.

Additionally, the company’s FY2023 EBITDA reached A$2.15M, marking a growth of 12.3% compared to the preceding year.

Saferoads Holdings is a roadway safety solution company engaged in the design and production of innovative safety products.


<WIRE> Downer EDI (ASX:DOW) Forecasts A Non-Cash, Pre-Tax Impairment Charge Of A $549.6 Million For Fiscal Year 2023

Downer EDI (ASX:DOW) has forecasted a non-cash, pre-tax impairment charge of A$549.6 million for the year ended June 2023.

The company is also anticipating a statutory net loss after tax (NPAT) of roughly A$386 million for the fiscal year.

Downer EDI’s estimated underlying net profit after tax and amortization (NPATA) for the period is A$174 million.

The company remains focused in their aim to achieve overall transformation cost out benefits of A$100 million per annum by 2025.

Downer EDI is an infrastructure services company providing solutions in transportation, utilities, communications and more.



<WIRE> Rex Minerals (ASX:RXM) Share Price Falls on Discounted Capital Raise

Shares in Rex Minerals (ASX:RXM) dropped as much as 19% to A$0.203, hitting their lowest level since December 16.

The mining firm has managed to secure commitments to raise A$8 million ($5.23 million) through a share placement priced at A$0.20 per share.

This issue price signifies a 20% discount to the stock’s closing price at the end of July.

Over 4.1 million shares were traded, a volume 10.7 times the 30-day average of 387,032 shares.

Despite the recent fall, Rex Minerals stocks are up 8.7% for the year up to its last close.

Rex Minerals (ASX:RXM) is an exploration firm that searches for and mines minerals.

Exchange Conversion Rate: $1 = 1.5302 Australian dollars.


<WIRE> Australian Strategic Materials (ASX:ASM) Reaches Over 5-Month High on Rare-Earths Supply Deal

Shares of Australian Strategic Materials (ASX:ASM) have seen an increase of as much as 12.4%, reaching a height of A$1.820, the highest since February 24.

This marks the stock’s third straight session of gain.

The mining company announced they have signed a five-year agreement to supply neodymium iron boron (NdFeB) alloy to USA Rare Earth LLC.

Furthermore, the company noted it expects to begin supplying NdFeB alloy to USA Rare Earth in 2024.

So far this year, the stock has seen a rise of 12.9% up until the last close.Australian Strategic Materials is a mining company that specialises in the supply of neodymium iron boron (NdFeB) alloy, a key component in various industrial applications.