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<WIRE> BWP Trust slumps; FY results meet Citi estimates (ASX:BWP)

Shares of BWP Trust fall as much as 2.2% to A$3.590, their lowest since July 12.

The real estate investment trust posts full-year total income of A$158.2 mln ($104.25 mln) - in line with Citi estimates.

BWP expects distribution for the year ending 30 June 2024 to be similar to the ordinary distribution paid for the current FY.

FY24 dividend guidance is slightly above consensus expectations but supported by undistributed income reserve - Citi.

Brokerage has a target price of A$3.50 for co.

1 of 7 analysts rate the stock ‘hold’ and 6 ‘sell’ or lower; their median PT is A$3.56 – Refinitiv data.

Stock down 6.1% this year, as of last close.

BWP Trust is a real estate investment trust based in Australia.


<WIRE> Westgold Resources Down Most in Nearly 2 Months on Weak Outlook (ASX:WGX)

Shares of Westgold Resources fall as much as 9.2% to A$1.553, biggest intraday fall since June 6.

Australian gold miner forecasts FY24 gold production between 245,000 - 265,000 ounces, lower than their output of 257,116 oz in FY23.

Expects FY24 all-in-sustaining-costs between A$1,800 and A$2,000 per ounce, compared with FY23 AISC of A$1,999/oz.

Co sets production and cost guidance “conservatively”.

Targets exploration expense of A$25 mln in FY24.

Stock up 95.43% this year, as of last close, vs a 15.6% increase in the .AXGD index.

Westgold Resources is an Australian gold miner.




<WIRE> Miner Carnaby up on deal with Rio Tinto unit for Queensland project (ASX:CNB)

Shares of Aussie copper-gold explorer Carnaby Resources rise as much as 5.21% to A$1.110, biggest intraday pct jump since July 14.

Carnaby signs farm-in and joint venture deal with a unit of Rio Tinto for Devoncourt Project with potential iron ore, copper, gold deposits in Queensland.

As part of the deal, Carnaby can achieve a 51% JV stake in Devoncourt Project by sole funding A$5 mln exploration by August 2028.

Carnaby may elect to scoop up additional 29% stake in JV by sole funding exploration expense of minimum A$8 mln.

Stock up 12.8% this year, as of last close.

Carnaby Resources is an Australian copper-gold explorer.


<WIRE> PSC Insurance Hits Highest in 1 Month on Upgraded FY Outlook (ASX:PSI)

Shares of PSC Insurance climb as much as 4% to A$4.990, their highest since July 5.

The financial services provider upgrades its underlying earnings before interest, tax, depreciation and amortisation forecast to about A$111 mln ($73.35 mln) for FY2023, vs its previous outlook of between A$104 mln and A$108 mln.

Co also sees FY24 prelim underlying EBITDA in the range of A$122 mln to A$127 mln, with operating segments positioned well for growth.

“The FY24 guidance is pleasing given PSI has been perceived to have less tailwinds from the strong renewal rate increases being seen in property related risk classes,” analysts from E &P Financial say.

Shares on track for best day since July 21, if gains hold.

Stock down ~4.2% this year, as of last close.

PSC Insurance is a financial services provider based in Australia.


<WIRE> Anax Metals (ASX:ANX) hits 7-month low on discounted capital raise

Shares of Anax Metals (ASX:ANX) slump as much as 9.8% to A$0.055, hitting their lowest since early January.

Diversified miner says it has received firm commitments to raise A$1.1 mln ($727,210.00) via share placement.

Proceeds will be used for development at the Whim Creek Copper-Zinc JV Project in Western Australia.

Issue price of A$0.055 per share represents a 9.8% discount to last traded price on July 27.

Shares poised for worst day since March 10, if losses hold.

Stock had risen ~15.1% this year, as of last close.

Anax Metals is a diversified miner focused on the development of the Whim Creek Copper-Zinc JV Project.


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<WIRE> Calix Rises (ASX:CXL) 7% as Co, Pilbara Get Board Nod for Key Lithium Plant

Shares of Calix Ltd (ASX:CXL) rise as much as 7% to A$4.38, set to gain most since July 3, if trend holds.

The mineral processing firm and Australia’s Pilbara Minerals receive board approvals for the final investment decision on construction at their flagship Pilgangoora lithium project in Western Australia.

Pilbara will handle both the construction and operational phases of the project.

Around 1,31,758 Calix shares change hands, compared with the 30-day average volume of 1,94,323.

Calix stock down 7.6% this year, as of last close.

Calix Ltd is a mineral processing company based in Australia.




<WIRE> Sayona Mining (ASX:SYA) Announces First Commercial Shipment Of Spodumene Concentrate From NAL

Sayona Mining (ASX:SYA) announces the first commercial shipment of spodumene concentrate from its North American Lithium (NAL) operation in Québec.

The shipment, totaling approximately 20,500 tonnes, was sold into the buoyant global spot market.

Production ramp-up at the NAL operation remains on track.

The next shipments of spodumene concentrate, estimated to be 30,000 metric tonnes, will be sold by NAL to Piedmont Lithium.

NAL expects to sell Piedmont Lithium at least 56,500 tonnes in the first half of fiscal 2024 via an offtake agreement.

Sayona Mining Ltd is a mining company.