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<WIRE> Australia's New World Resources jumps on securing funding from U.S.-based PE fund (ASX:NWC)

Shares of Australia’s New World Resources (ASX:NWC) rise as much as 15% to A$0.035, posting their biggest intraday percentage gain since June 30.

The stock hits its highest level since July 6.

The copper explorer says RCF Opportunities Fund II L.P.

entered into a binding agreement to make A$5 million ($3.33 million) equity investment in the company.

RCF Opportunities II L.P.

is a fund managed by U.S.

private equity firm RCF Management L.L.C.

New World Resources continues to advance discussions with multiple other potential strategic investors regarding additional funding.

The stock is down 11.8% this year, as of the last close.

<WIRE> Lynas Posts Qtrly Sales Revenue A$157.5 Million (ASX:LYC)

Lynas Rare Earths Ltd (ASX:LYC) reported quarterly sales revenue of A$157.5 million, compared to A$294.5 million reported last year.

The company’s total rare earth oxide (REO) production for the quarter was 4,475 REO tonnes, up from 3,650 REO tonnes reported last year.

The neodymium-praseodymium (NDPR) production for the quarter was 1,864 REO tonnes, up from 1,579 REO tonnes reported last year.

Lynas continues to accumulate inventory in preparation for the start-up of its Kalgoorlie rare earths processing facility.

The company’s team is targeting the first production of mixed rare earth carbonate (MREC) in September 2023 at Kalgoorlie.

Future pricing trends for rare earths will depend on economic recovery in China and the Chinese production quota for the second half of 2023.

Lynas' Kalgoorlie facility only requires a waste gas treatment plant for its first production, and the company has mobilized members of its Lynas Malaysia team to assist with the final stages of commissioning and initial stages of production at Kalgoorlie.

Lynas continues to seek a review of its Malaysian operating license conditions, while its Mt Weld expansion project is progressing as planned.

<WIRE> Origin Energy (ASX:ORG) Posts Qtrly Share Of Total Production From APLNG Of 48.3 Pj

July 31 - Origin Energy: Qtrly share of total production from APLNG 48.3 PJ vs 46.9 PJ.

Qtrly share of LNG commodity revenue from APLNG A$611 million vs A$697 million.

Continue to make progress on strategy to grow renewables and storage in portfolio.

Qtrly share of total sales from APLNG 45.3 PJ vs 45.9 PJ.

Australia Pacific LNG’s June quarter realised average LNG price was US$12.24/MMBTU.

Australia Pacific LNG revenue for June quarter was 11% lower than prior quarter.

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<WIRE> Morningstar hikes PT, 2023 profit view for Helia Group (ASX:HLI)

Analysts at Morningstar raise its fair value estimate for Australian mortgage insurer Helia Group (ASX:HLI) by 6% to A$3.40.

Increase its 2023 profit forecast for HLI by 20%.

Brokerage lowers its 2023 claims forecast for HLI to A$20 mln ($13.30 mln) from A$75 mln.

Expects claims to rise modestly in second-half of 2023 and into 2024 for HLI.

“Despite the benign near-term outlook, we still assume a material increase in claims from fiscal 2024, and our long-term forecasts are unchanged” - Morningstar.

One of three analysts rate the stock “buy”, one “hold” and one “sell”; their median PT is A$3.20 – Refinitiv data.

HLI stock up 50.8% YTD, as of last close.

($1 = 1.5040 Australian dollars).