Daily Roundup

Nova EYE Medical Ltd is firing on all cylinders, posting a 30% jump in quarterly sales to US$6.3 million for Q3 FY27. The momentum extends across the full year too, with last twelve months sales climbing to US$25.1 million, also up 30%. What's particularly encouraging is that the medical technology company managed to generate positive operating cash flow of A$0.5 million during the quarter while maintaining A$4.1 million in liquidity. The company has confirmed its FY27 guidance and is switching to US dollar financial reporting from the first half of next year, signaling its growing international footprint.

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Universal Store Holdings Ltd is having a stellar run. The retailer reported a 9.3% increase in direct-to-customer sales year-to-date, but the real standout is its Perfect Stranger brand, which surged 36.8% thanks to growing brand awareness and favorable product mix. The company is on track to open 12 new stores by Christmas, with five already launched this financial year. At the company's AGM, Universal Store painted an even rosier picture of its FY26 performance, with revenue climbing 12.9% to $376.1 million and underlying profit after tax rising 16.3% to $40.5 million. The board rewarded shareholders with a fully franked dividend of 43.0 cents per share, up 11.7% from the prior year. There's also a leadership change coming, with George Do taking over as CEO from Alice Barbery on November 1st.

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Stanmore Resources Ltd delivered a powerhouse quarter, hitting record production levels at South Walker Creek for both run-of-mine and saleable output. Coal prices have been buoyed by supply constraints in Russia and China, pushing the company's average sales price to US$163 per tonne—up 6% quarter-on-quarter and 18% year-to-date. The strong operational performance and favorable pricing combined to drive positive cash flow during the period. Stanmore also announced a major acquisition, agreeing to snap up the Moranbah South tenements for US$105 million, which adds 724 million tonnes of measured and indicated coal resources next to its existing operations. The company has reduced net debt by US$53 million to just US$19 million and is sitting on US$501 million in liquidity, providing plenty of firepower for the remaining completion payment. Management has reaffirmed its 2026 full-year production guidance and expects output to track toward the upper end of that range.

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Red Hill Minerals is reporting encouraging results from its recent drilling programs. At its Anabama Project in South Australia, the company intersected multiple narrow zones of high-grade copper-gold mineralisation, extending known deposits. Meanwhile, drilling at the G1 and Barkley Gold targets in Western Australia revealed low-grade gold mineralisation and zones of extensive alteration, with further modest gold intersections at Barkley.

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Aruma Resources has bolstered its Tillex Copper-Silver Project in Ontario, Canada, by acquiring a 90% interest in a newly patented mineral right located immediately northeast of its high-grade zone. The acquisition extends the interpreted mineralised trend to 3.2 kilometres and opens up the potential to explore further along strike. The company plans to prioritize drilling in the newly acquired area as a near-term focus.