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<WIRE> Jefferies Indicates Positive Outlook on Whitehaven's Potential Acquisition of BHP's Daunia & Blackwater Mines (ASX:WHC)

Whitehaven Coal (ASX:WHC) is seen in a favorable light by analysts at Jefferies regarding a possible acquisition of Daunia and Blackwater mines from BHP Group (ASX:BHP) under various conditions.

They project a valuation range for both mines of A$5 billion to A$7 billion.

The brokering firm foresees an Earnings Per Share (EPS) accretion for Whitehaven Coal if the possible acquisition goes through.

While maintaining a price target of A$7.40 per share, they retain a ‘hold’ rating.

The chance of Whitehaven participating in an equity raise to fund the whole acquisition isn’t ruled out by the brokerage.

Responses from 12 analysts reveal 3 rating the stock as ‘buy’ or higher, 7 as ‘hold’, and 2 as ‘sell’ or lower; their median price target is A$7.00.

Year to date (YTD), Whitehaven’s stock has fallen 23.7% on the London Stock Exchange Group (LSEG) data, as of last closure.

Whitehaven Coal (ASX:WHC) is an Australian coal company owning and operating mines in New South Wales and Queensland.


<WIRE> Close The Loop (ASX:CLG) Announces Robust Market Update

Close The Loop (ASX:CLG) announced a promising market update, indicating a robust start to the financial year 2024.

The company’s Revenue and EBITDA have been tracking well for the initial two months of the financial cycle.

The new Tonerplas line in Victoria is projected to be completed by the end of this year, bolstering the company’s production capacity.

Close The Loop (ASX:CLG) is confident in reaching its guidance of A$43M EBITDA over the remaining course of the financial year.

In response to heightened demand for its asphalt binder additive, the firm foresees expansion with new plants across the country.

Revenue generation from the new Tonerplas line in Victoria is expected to start early in 2024.

Close The Loop (ASX:CLG) is a company focused on providing sustainable solutions for the resource management industry.

It specializes in formulating strategies and technologies aimed at waste reduction and resource recovery.


<WIRE> Elders (ASX:ELD) Announces Acquisition Of Eureka

Elders (ASX:ELD) has announced the acquisition of Eureka.

With this move, the company has acquired the assets of the Eureka group.

This new business venture is expected to add approximately A$2 million EBIT to Elders' consolidated earnings in FY24.

It’s also confirmed that the key management of Eureka will remain with the business.

Furthermore, the purchase consideration is contingent upon the earn out performance over the next two years.

Elders is an agriculture and farming company, headquartered in Australia.



<WIRE> UK's Critical Mineral Resources (ASX:CMRS) Jumps on Agreement in Cobalt Project

Shares of Critical Mineral Resources Plc (ASX:CMRS) experienced an uptick as high as 9.6%, reaching 3.98p.

This exploration and development company known for its focus on clean energy metals signed an agreement to earn into the Zagora Cobalt Project located in Morocco.

Critical Mineral Resources, a UK-based company, mentioned that the near-surface cobalt structure provides potential for a shallow discovery.

CMRS considers the Zagora project to be strategically located as it is around 90km south of the Bou Azzer district, which is mined by Managem Group, a company that has contractual obligations to supply cobalt to BMW and Renault.

At present, the stock has increased by 3.4%, paring Year To Date losses to nearly 12%.

Critical Mineral Resources Plc (ASX:CMRS) is a UK-based exploration and development company with a focus on clean energy metals.


<WIRE> De Grey Mining (ASX:DEG) Hits 10-Month Low on Discounted Placement

Shares of De Grey Mining (ASX:DEG) have plummeted by as much as 4.9% to A$1.060, hitting the lowest level since November 4, 2022.

The company is on track for its fourth consecutive session of losses, if the existing trend continues.

De Grey Mining’s stock is set for its worst day since July 28, pending further losses.

The company recently announced that it has secure firm commitments for a placement of around 285.7 million shares aimed at raising A$300 million ($192.18 million).

The issue price of A$1.05 per share is at a 5.8% discount to the stock’s last close.

The company plans to use the proceeds from the placement to update the Hemi gold project in Western Australia, among other purposes.

So far, around 9.4 million shares have changed hands, compared to the 30-day average volume of 3.3 million.

As of the last closing, the stock is down 13.2% year-to-date.

De Grey Mining is a gold exploration and mining company based in Western Australia.


<WIRE> Neometals (ASX:NMT) Shares Drop as Unit Fails to Agree Offtake Terms with Jiuxing

Shares in Australian sustainable battery materials producer Neometals (ASX:NMT) fell by as much as 5.4% to A$0.355.

This represents the company’s most significant intraday percentage drop since September 28.

Neometals stated that its unit, Australian Titanium, failed to advance negotiations from an offtake term sheet to a definitive agreement with Jiuxing Titanium Materials.

Furthermore, both parties have invested time and money to utilize Barrambie mixed gravity concentrate in Jiuxing’s downstream titanium processing facilities.

The firm noted that the broader macroeconomic environment led Jiuxing to alter its production plans.

Negotiations with other entities regarding offtake, equity investment, and development financing are ongoing, according to Neometals.

As of the last close, the company’s stock had seen a 53.8% decline YTD.

Neometals (ASX:NMT) is an Australian producer of sustainable battery materials.


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<WIRE> Symbio (ASX:SYM) Skyrockets on Increased Takeover Bid from Aussie Broadband (ASX:ABB)

Shares of Symbio Holdings have soared 18.2% to reach a 10-month peak of A$3.120, following news of a higher buyout offer the cloud communications software company received.

The takeover bid was proposed by Aussie Broadband, which saw its shares remain stable, while those of its rival Superloop rose 0.58%.

Aussie Broadband offered A$3.15 per share, surpassing Superloop’s previous proposal of A$2.91.

In response to this, Symbio granted Aussie Broadband a 15-day exclusive rights for due diligence, while Superloop announced its offer ceased on September 29.

Trading volume for Symbio vastly surpassed the 30-day average of 185,829 shares, with more than 588,000 shares changing hands.

Symbio’s shares are up 14.4% at A$3.02, a significant rise of about 29% since August 1, when Superloop first initiated its proposal.

Symbio Holdings (ASX:SYM) is a cloud communications software company.


<WIRE> Widgie Nickel (ASX:WIN) Sees Stock Surge on Lithium Discovery in Western Australia

Widgie Nickel (ASX:WIN) posted a significant increase in its stock, with a surge as high as 13.9% to A$0.225, a level not seen since September 13.

The company is on course to have its best day since that date, if its gains hold steady.

The miner, focused on nickel and lithium extraction, has reported positive drilling results from the Trainline Lithium Prospect, located to the north of the Faraday Lithium deposit, in Western Australia.

The company has confirmed the presence of high-grade lithium mineralisation at this site.

It is awaiting the results of re-assaying via the fusion method in the near future, and is hopeful about potential positive outcomes.

Approximately 346,942 shares have been traded compared to the 30-day average volume of 274,389.

Despite these positive developments, Widgie Nickel saw a YTD decrease of 40.2%, as of the last close.

Widgie Nickel is a mining company that specializes in the extraction of nickel and lithium in Western Australia.



<WIRE> Appen (ASX:APX) Sees An Upward Shift Following Quadrant Earn Out Update

Appen shares recorded an ascendance of up to 4.44% to hit a value of A$1.295, placing the company on course for its second successive session of gains.

The provider of artificial intelligence training announced recent updates about its Quadrant earn out, in addition to its debt facility.

The company anticipates an earn out liability that could potentially reach up to US$5 million.

In September 2021, Appen successfully wrapped up the acquisition of Quadrant Global Pte.

Roughly 428,405 shares have exchanged hands, in comparison to the 30-day average volume of 1.8 million shares.

According to LSEG data, the average rating from analysts translates to a ‘hold’, with their median PT resting at A$1.6.

This comes after the stock has experienced a plunge of around 49% this year, counting from the last closed session.

Appen (ASX:APX) is a global leader in the development of human-annotated datasets for machine learning and artificial intelligence.


<WIRE> Anson Resources (ASX:ASN) Sees Gain on New Exploration Targets

Anson Resources (ASX:ASN), an Australian mineral resources company, surged by 7.1% to A$0.150, eyeing its best trading day since September 15th, if gains sustain.

The company revealed that it outlined 13 new exploration targets for nickel-copper platinum group elements at the Hooley Well project in Western Australia.

These prospects encompass four priority-1 exploration resolutions, primarily concentrated around substantial magnetic anomalies.

These priority targets are expected to be crucial for the upcoming phase of exploration at Hooley Well.

The company’s stock plummeted by 24.3% this year till its previous close.

Anson Resources is known for mining and processing a diverse range of minerals in Western Australia.