Boab Metals (ASX:BML) intends to announce the optimization results of the Sorby Hills project.

The comprehensive results, developed through the Sorby Hills FEED study, are expected to be released in the first quarter of 2024.

Boab Metals is a mining company focused on extracting and processing base metals.

RPMGlobal Holdings (ASX:RUL) revealed its Q1-FY24 total contracted value earned from software sales, amounting to A$13.2 million.

RPMGlobal Holdings also announced that its annually recurring revenue from software license and maintenance, as of the end of Q1, is A$56.0 million.

Additionally, the company projected its FY24 total revenue to fall within the range of A$107.0 million to A$112.0 million.

The company expects its FY24 profit before tax to be between A$13.5 million and A$15.0 million.

Furthermore, RPMGlobal Holdings estimated its FY24 underlying EBITDA to range from A$18.5 million to A$20.5 million.

RPMGlobal Holdings is a global leader in developing and delivering software solutions for mining companies.

Patriot Lithium, under the ticker ASX:PAT, has appointed Hugh Warner as its Non-Executive Chairman.

This major move on the company’s part indicates structural changes within its executive team.

Patriot Lithium is an industry-leading lithium mining and production company.

Tombador Iron (ASX:TI1) has predicted ongoing production challenges in the final quarter of 2023.

The company’s predictions follow the production of approximately 112,000 wet metric tonnes of lump and fines ore during the given September quarter.

A blend of ongoing sales and production levels has led to a higher cost per tonne at the mine gate.

Tombador Iron is a company that primarily deals with the exploration and development of iron ore properties.

Australian mining stocks (ASX:AXMM) slump as much as 2.9%, reaching their lowest point since November 11, 2022.

The sub-index mirrors the decline in metal prices, with LME copper dropping to a four-month low.

BHP Group (ASX:BHP), a dominant player in the sector, also experiences a decline of up to 2.9%, marking its lowest level since September 27.

Mining behemoths Fortescue Metals Group (ASX:FMG) and Rio Tinto (ASX:RIO) also see drops of around 2.6% and 2.5% respectively.

Up to the last close, mining stocks have already declined 2.9% since the commencement of this year.

The Australian Mining Stocks encompasses a diverse group of mining companies, primarily focused on the exploration and production of various natural resources.

Magnis Energy Technologies has reported a net loss of A$72.7 million for the year.

This comes as a considerable increase when compared to last year’s loss of A$61.7 million.

Magnis Energy Technologies (ASX:MNS) is a company dedicated to using technology to develop renewable energy solutions.

Galena Mining (ASX:G1A) recently reported positive operating cash flows for the Abra Mine in the quarter that concluded at the end of September.

Galena Mining operates in the mining industry and is known for its dedication to the exploration and development of precious metals and minerals.

Cromwell Property Group (ASX:CMW) has announced the resignation of their Chief Financial Officer.

The group’s CFO, Michael Wilde, has stepped down from his position.

Cromwell Property Group is an Australian based global real estate investment management firm.

Financial analysts at Macquarie have kept their ‘underweight’ rating on the Australian bank sector, citing continuous revenue and expense challenges.

They note that ANZ Group (ASX:ANZ) and Westpac continue to grow their share of the mortgage market, while Commonwealth Bank of Australia (ASX:CBA) has seen a decrease in its mortgage market share.

Macquarie also commented that the mortgage spreads remained stable, with Westpac posing as the most competitive.

One of the major challenges to the banks' profit margins in fiscal 2024, according to Macquarie, is the tough competition in the deposit arena and a changing mix.

They also foresee ongoing revenue challenges due to margin compression on both mortgages and deposits.

At present, the local financial sub-index is showing a decrease of 0.9%.

ANZ Group (ASX:ANZ), as part of Australian banking sector, is a public company that provides a variety of banking and financial products and services.

Australian energy stocks, known by their ticker AXEJ, have taken a significant hit, slipping by as much as 4%.

This decline represents their largest intraday loss since June 23.

The downturn is a reflection of oil prices dipping in early Asian trade because of the strengthening U.S.

dollar and profit taking in light of last quarter’s substantial gains.

Major companies within the sub-index like Woodside Energy (ASX:WDS) have experienced a similar decline with shares dropping as much as 4.2%, reaching its lowest level since July 11.

Meanwhile, shares of Santos (ASX:STO) dipped by as much as 4.6%.

This marked their largest intraday percentile loss since June 23.

Consequently, the sub-index has reached its lowest level since July 19 and is likely to record a third consecutive session of losses if the current trend continues.

Nevertheless, AXEJ has managed to increase 5.6% year-to-date as of the last closing.

The AXEJ index comprises a range of energy stocks from Australian markets.