LA Private

October 2024

Genesis Energy balances energy security with renewables in strong Q1 FY25

Genesis Energy (ASX:GNE), one of New Zealand’s largest energy companies, reported a robust first quarter for FY25, driven by thermal generation and expansion into renewable energy. The company’s diverse portfolio includes electricity generation from thermal and renewable sources, as well as the retailing of electricity, gas, and LPG. Genesis serves around 500,000 customers across New […]

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Ioneer moves closer to Rhyolite Ridge construction with permitting milestone

Ioneer (ASX:INR) has reached a critical step in the development of its 100%-owned Rhyolite Ridge Lithium-Boron Project in Nevada. In its September 2024 quarterly report, Ioneer announced the publication of the Final Environmental Impact Statement (EIS) by the Bureau of Land Management (BLM), marking the final phase of the US federal permitting process. This EIS

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Stocks of the Hour: Yandal Resources, Vection Technologies, Unico Silver

Yandal Resources Ltd (ASX:YRL) has received assay results from the first six RC holes of its 12-hole, 2,400m program at the New England Granite Prospect (NEG). NEG is part of the Ironstone Well–Barwidgee Gold Project, situated about 45km north of Northern Star’s Bronzewing mine and 75km south of the Jundee mine, within the Yandal Greenstone

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ASX up 0.63% near noon

Australia’s sharemarket kicked off the day on a positive note, spurred by a strong performance on Wall Street and a rebound in the mining sector. At 11:50am, the S&P/ASX 200 is 0.63 per cent higher at 8,335.20. This increase was driven by gains in the energy and materials sectors, bringing the index closer to its

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Bellevue Gold ramps up production with eye on sustainability

Bellevue Gold Limited (ASX:BGL) has made strides in its gold production ramp-up, as outlined in its September 2024 quarterly report. The company is on track to achieve its FY25 production guidance of 165,000-180,000 ounces of gold, with plans to increase output to 200,000 ounces annually by Q4 FY25. This progress is supported by infrastructure upgrades

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Mineral Resources initiates investigation amid governance concerns

Mineral Resources Limited (ASX:MIN) is addressing governance issues following recent media reports concerning Managing Director Chris Ellison. The company’s Board has engaged external legal counsel to conduct an investigation, emphasising its commitment to corporate governance and transparency. In an official statement, the Board noted, “We are dedicated to robust governance practices and have taken these

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On solid ground: Stockland expands its community projects

Stockland (ASX:SGP) has released its 1Q25 operational update, revealing steady performance across its diversified property portfolio. The company’s acquisition of 12 actively trading masterplanned communities (MPCs) valued at $1.06 billion was cleared by the ACCC in September 2024, with settlement expected in 2Q25 pending further approvals. CEO Tarun Gupta highlighted the company’s continued success in

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Strike Energy reports exceptional results from Erregulla Deep-1 testing

Strike Energy (ASX: STX) has announced remarkable production testing results from its Erregulla Deep-1 (ED-1) gas well, solidifying its potential impact on the West Erregulla gas field development. The ED-1 well, the deepest onshore well ever drilled in Australia, demonstrated stabilized flow rates of 53 million standard cubic feet per day (mmscfd) and a notable

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Nick Scali reports strong margins, but freight issues loom

Nick Scali Limited (ASX:NCK) has reported strong financial performance for FY24, driven by a gross margin increase to 66% across its Australian and New Zealand operations. However, the company has issued a profit warning, highlighting increased freight costs expected to impact first-half results for FY25. Managing Director Anthony Scali confirmed the company’s global ambitions following

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