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<WIRE> Shares Soar as Gold Hydrogen (ASX:GHY) Receives Approval for Drilling at Ramsay Project

Gold Hydrogen (ASX:GHY) shares have seen a notable increase of up to 7.3%, reaching A$0.220.

This signifies the company’s best performance since September 12th, assuming the gains persist.

The surge comes after Gold Hydrogen (ASX:GHY) announced that it received approval from the South Australian government to commence operations and construction at their Ramsay natural hydrogen project in South Australia.

Additionally, they have obtained clearance for operations at the Ramsay 1 well site drilling pad.

The construction of the well pad is projected to initiate on September 28th at the Ramsay 1 site.

The principal aim of the Ramsay 1 well is to verify the existence of hydrogen in subsurface geological formations, according to Gold Hydrogen (ASX:GHY).

However, despite the encouraging news, the stock continues to struggle, down 60% since it was first listed on January 13th.

Gold Hydrogen (ASX:GHY) is a hydrogen explorer company focused on uncovering natural hydrogen deposits.


<WIRE> Pacific Current (ASX:PAC) suffers as $365.2 million buyout offer is withdrawn

Shares of asset management company Pacific Current (ASX:PAC) plummeted as much as 11.2% to A$9.950, marking the most significant intraday decline since September 9, 2022.

This rapid decrease punched the shares down to their lowest point since July 26.

Regal Partners (ASX:RPL), an investment management firm, formally rescinded its A$573.5 million ($365.15 million) non-binding proposal to acquire Pacific Current.

Concurrently, Regal Partners' shares saw an increase of as much as 2.7% at A$2.250.

Regal expressed consistent disappointment in the Pacific Current board’s engagement since its initial proposal in March.

However, Regal remains a substantial shareholder in Pacific Current.

As of the last close, while Pacific Current shares had risen 53% this year, Regal Partners' shares were down 36.2%.

Pacific Current (ASX:PAC) is a global financial services firm specializing in asset management.


<WIRE> Clean TeQ Water (ASX:CNQ) Gains on $3.6 Million Contract for Uranium Processing Plant

Shares of Clean TeQ Water (ASX:CNQ) experienced an uptick as much as 3.7% to A$0.42, reaching their highest level since September 21.

The water treatment company recently secured a desirable contract.

They have won a contract, valued at A$5.6 million ($3.6 million), from Heathgate Resources.

Their assignment? Designing and supplying ion exchange technology for a uranium processing plant located in South Australia.

Over the year, the company’s stock has risen roughly 4%, as confirmed by the status at last close.

Clean TeQ Water is a water treatment company known for designing and supplying state-of-the-art ion exchange technology.



<WIRE> Australian Energy Stocks Eye Best Day in Over Three Months Supported by Strong Oil Prices

Australian energy stocks, specifically the sub-index, are experiencing a rise as much as 2.5 percent, possibly marking their best day since June 16, if the gains maintain.

The sub-index has reached its highest level since September 20.

This rise in energy stocks may be attributed to the increase in oil prices, which have been lifted due to a steep drop in U.S.

crude stocks, which in turn is causing global supply worries.

Major contributors to the sub-index are Woodside Energy (ASX:WDS) and Santos (ASX:STO), showing gains as much as 3.0 percent and 2.7 percent, respectively.

Woodside shares have the potential to mark their best day since July 12 if the current trend persists.

Concurrently, Santos is witnessing its biggest intraday percentage jump since June 16.

As of the last close, energy stocks have been up 3.6 percent this year.

Woodside Energy (ASX:WDS) is a major player in the Australian energy sector, focusing on the exploration, development and production of petroleum.


<WIRE> Astron Corp (ASX:ATR) Climbs to 2-Week High after Premium Placement Announcement

Australian miner Astron Corp (ASX:ATR) experienced a rise in shares as high as 3.2% to A$0.485, reaching their highest level since September 15.

The company has announced that it received firm commitments for A$2.68 million placement.

The issue price of A$0.56 per share marked a 19.1% premium to the stock’s last closing.

Astron Corp (ASX:ATR) states the funds from the placement will be utilized for the progression of the Donald Project situated in Melbourne, Australia.

The funds will also cover working capital costs and offer costs.

As of the last close, Astron Corp (ASX:ATR) stock is down 26.6% Year To Date.

Astron Corp is an Australian mining company primarily involved in mineral exploration and production.


<WIRE> Australian Gold Stocks (ASX:AXGD) Slump to Half-Year Low Amidst Dull Bullion

Australian gold stocks fell up to 3% reaching their lowest level since March 20, reflecting the diminished appeal of bullion.

Gold experienced a slight ascent on Thursday, but prices remained close to the six-month low set during the previous session as both the dollar and Treasury yields remained high.

Shares of Newcrest Mining (ASX:NCM), the largest gold miner in Australia, dipped as much as 4.7% to A$24.5, hitting their lowest since March 17.

Similarly, Northern Star Resources (ASX:NST) experienced a decline, dropping up to 2.4% to A$10.22, their lowest point since August 21.

The gold stocks sub-index is set for a fourth consecutive session of losses.

As of the last close, the sub-index had risen 7.9% this year, compared to a meager 0.1% decrease in the benchmark index.

The AXGD sub-index is the tracking index for Australian gold stocks, featuring companies like Newcrest Mining and Northern Star Resources.


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<WIRE> Latin Resources (ASX:LRS) Announces Results for Colina Lithium Project Preliminary Economic Assessment

Latin Resources (ASX:LRS) has released the results for the Colina Lithium Project’s preliminary economic assessment.

The combined results from phase 1 and 2 of a Preliminary Economic Assessment (PEA) projected a Life of Mine (LOM) revenue of A$12.6 billion over a span of 11 years of operation from Colina.

The Phase 1 capital expenditure is slated to be US$253 million, which will enable the delivery of first production by 2026 from Colina.

To achieve the range of outcomes indicated in the PEA, Latin Resources (ASX:LRS) anticipates funding on the order of US$250 million will likely be required.

Latin Resources (ASX:LRS) is a company specializing in the exploration and development of mineral resources.


<WIRE> Brickworks (ASX:BKW) Reports FY Underlying NPAT A$508 Million

Brickworks (ASX:BKW) has published its final financial year results, including an underlying NPAT of A$508 million, down from last year’s A$746 million.

The company also declared a final dividend of 42 AU cents per share.

Their total revenue for the financial year was A$1,181 million, compared to A$1,095 million from the previous year.

Brickworks has noted trends of softening order intake across its building products and is forecasting a decrease in demand in the forthcoming months.

Brickworks is a company that specializes in the production of building materials, including bricks, concrete, stone materials, and roofing products.