Daily Roundup

Stanmore Resources wrapped up a strong third quarter with record production numbers and a healthy balance sheet to match. The coal miner hit new highs for both ROM and saleable production at South Walker Creek, buoyed by earlier stripping work that paid off handsomely. Market tailwinds helped too—supply tightness from Russia and China pushed coal prices up, with average sales prices climbing 18% year-to-date to US$163 per tonne. The company declared a fully franked interim dividend of 2.2 US cents per share and is tracking towards the top end of its full-year production guidance.

On the expansion front, Stanmore agreed to acquire the Moranbah South tenements for US$105 million, adding 724 million tonnes of measured and indicated coal resources right next to its existing Eagle Downs and Isaac Plains operations. The company's strong cash generation during the quarter, combined with liquidity of US$501 million, leaves it well-positioned to fund the remaining completion payment. Net debt also tightened considerably, dropping US$53 million to just US$19 million.

Over in the copper-silver space, Aruma Resources is making strategic moves at its Tillex project in Ontario. The company picked up a 90% stake in a new patented mineral right immediately northeast of its high-grade zone, extending the mineralised trend to 3.2 kilometres and opening up fresh exploration potential in all directions. Drilling is lined up as a near-term priority in the newly acquired claim area.

Readcloud delivered results that beat expectations, with underlying EBITDA from continuing operations hitting $1.3 million—surpassing guidance of $1 million. Sales and fee revenue came in at $11.2 million, up 4% year-over-year, while cash receipts from school customers set a new record at $11.6 million. The VET-in-Schools division was particularly strong, with partnering fees growing 14% to $5.3 million. Having completed the wind-down of its Southern Solutions Industry Training business, Readcloud is now focused squarely on its core schools operations. The company enters FY27 with 37 new ReadCloudVET schools confirmed and an expanded sales team, expecting continued strong retention and revenue growth.

Antipa Minerals made solid progress on its Minyari Dome gold-copper project, wrapping up the principal pre-feasibility study technical workstreams and locking in a preferred processing and mine development configuration. The exploration programme also delivered encouraging results, with gold-copper mineralisation identified across approximately 2.2 kilometres of strike at Tim's Dome. The company raised A$1.2 million through option exercises and completed the air core component of its Phase 1 drilling programme, which successfully identified additional targets for follow-up work.

Amotiv faced a tougher operating environment in the first quarter of FY27, with like-for-like group revenue falling 5% below the prior year due to subdued vehicle sales and supply disruptions in Thailand. While gross margins improved, operating costs were weighed down by one-offs and inflationary pressures. The company has revised its FY27 outlook, now expecting revenue and underlying EBITA to be up to 5% lower than FY26. International expansion and pricing actions are expected to provide some support, along with benefits from the Amotiv Unified transformation programme.

Looking back at FY26, Amotiv highlighted solid results despite market headwinds, with revenue up 2.7% and underlying EBITA rising 1.6% to $195 million. The Amotiv Unified programme delivered $15 million in net annualised benefits, and safety improved markedly with the Total Recordable Injury Frequency Rate down around 30%. The board announced a further on-market buyback of up to 5% of issued capital, signalling confidence that the current share price undervalues the company despite the challenging near-term outlook.