Daily Roundup

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IDP Education Returns Capital to Shareholders

IDP Education Ltd has released a trading update for the period ending June 2026 alongside news of a share buy-back program. The price-sensitive announcement signals the company's confidence in returning capital to shareholders while maintaining operational momentum.

Pilbara Minerals Pushes Forward on Lithium Expansion

Lithium producer Pilbara Minerals has given the green light to approximately $175 million in pre-FID capital expenditure for its P2000 Project at the Pilgangoora Operation. The investment will focus on three key areas: processing plant procurement and engineering, on-site early works and operational preparation, and infrastructure development. The company is targeting first ore in mid-2029, subject to a final investment decision, as it positions itself to capitalize on long-term lithium demand and potential supply-side constraints.

APA Group Lifts Distributions

Infrastructure operator APA Group announced an estimated final distribution of 30.5 cents per security for the six months ending 30 June 2026, marking a 1.7% increase from the previous year's final distribution. Combined with the interim distribution of 27.5 cents paid in March, total FY26 distributions will reach 58.0 cents per security, right in line with the company's guidance. The final distribution amount and franking credits will be confirmed when full-year results are released on 20 August 2026. Securityholders will trade ex-distribution on 29 June, with payment scheduled for 16 September.

1414 Degrees Halts Trading Ahead of Capital Raise

1414 Degrees Ltd has requested an immediate trading halt on its securities pending an announcement about capital raising initiatives. The halt will remain in place until the announcement is released or until trading resumes on Tuesday, 23 June 2026. The company has confirmed it's not aware of any reasons the halt should not be granted.

Regis Resources Advances McPhillamys Gold Project

Gold miner Regis Resources has reinstated the ore reserve for its McPhillamys Gold Project following completion of a new Pre-Feasibility Study. The project now shows compelling economics, with projected annual gold production of 190,000 ounces at an A$4,000 per ounce gold price, generating gross revenue of $7.1 billion. The study delivers a net present value of $1.13 billion at a 5.5% discount rate and a post-tax internal rate of return of 21.8%. The reinstated ore reserve stands at 56 million tonnes at 1.1 grams per tonne gold for 1.89 million ounces, with total pre-production capital of $1.08 billion including contingency. Regis is targeting a final investment decision in the first half of 2028, subject to securing necessary approvals.