Daily Roundup

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Braking Technology Soars in Q2 as Profits Surge 191%

Advanced Braking Technology Ltd (ABT) has reported a stellar performance in the second quarter of the 2026 financial year. The company saw a 34% increase in product sales revenue, reaching $5.6 million, and a remarkable 191% jump in net profit before tax, which is expected to hit $0.35 million. Impressively, ABT also achieved gross margins of 48.3% for the quarter.

The strong results were driven by the company's strategic focus on international market penetration and its reputation as a leading provider of safety-critical braking solutions for the global mining industry. Domestically, ABT experienced over 70% growth in sales revenue, supported by a robust pipeline, including a mandate for its FailSafe brakes from MMG Dugald River, one of the world's top 10 zinc operations.

Peako Explores East Kimberley, Seeks New Opportunities

Peako Ltd (ASX: PKO) has released its quarterly activities report, highlighting the company's exploration plans in the East Kimberley region of Western Australia. The focus is on the Halls Creek Orogen, a prospective mineral province, where Peako is conducting desktop geological reviews and designing geochemical sampling programs to identify potential precious, base, and critical metal targets.

In addition to its exploration activities, Peako continues to assess new project opportunities, primarily in precious and base metals, both in Australia and overseas, to complement its Eastman Project and drive value for shareholders. Discussions and due diligence are ongoing with several opportunities, though no decisions have been made at this stage.

Cyprium Metals Advances Nifty Copper Restart, Strengthens Balance Sheet

Cyprium Metals Limited (ASX: CYM), a copper developer focused on the phased restart of the Nifty Copper Complex in Western Australia, has reported several key achievements during the quarter. The company has approved the Phase 1 Cathode Restart, with first cathode production anticipated in mid-2026, and completed a transformational A$80 million capital raise via a Placement and Entitlement Offer.

Cyprium has also improved its balance sheet flexibility through the refinancing of its senior secured loan facility. The company ended the quarter with a strong cash position of A$75 million, well-positioned to bring Nifty's cathode operations online and generate meaningful cash flow.

Ausgold Delivers Robust DFS Update for Katanning Gold Project

Ausgold Ltd has unveiled an updated Definitive Feasibility Study (DFS) for its 100%-owned Katanning Gold Project (KGP) in Western Australia, outlining a +10-year gold operation with increased production, reduced costs, and enhanced financial returns.

The DFS Update projects life-of-mine gold production of 1.22 million ounces, with average annual production of 143,000 ounces in the first four years. The Base Case scenario delivers a post-tax cashflow of A$1.03 billion and an internal rate of return of 52.4% at a gold price of A$4,300 per ounce.

To support the project's pre-development activities, Ausgold completed a successful A$90 million capital raising, comprising an A$80 million underwritten share placement and a A$10 million share purchase plan. The company is now forging ahead with front-end engineering and design, tendering of key contracts, debt financing discussions, and project permitting, while also undertaking a major new 44,000-meter drilling program.

Wildcat Resources Expands Bolt Cutter Central Lithium Discovery, Advances Tabba Tabba

Wildcat Resources Limited (ASX: WC8) has made significant progress on its Pilbara lithium portfolio, with the company's Bolt Cutter Central discovery significantly expanding. Ongoing RC drilling has now defined the lithium mineralization over more than 2.0 kilometers, with multiple high-grade intercepts, including 12 meters at 1.65% Li2O.

At the Tabba Tabba Project, Wildcat has advanced the Definitive Feasibility Study, with metallurgical testwork demonstrating the potential to unlock additional ore and by-product credits. The company has also acquired a strategically located exploration license adjoining the Tabba Tabba Project, which is expected to improve mine layout flexibility and deliver potential operating and capital cost efficiencies.

Looking ahead, Wildcat plans to continue exploration drilling at Bolt Cutter Central, progress the Tabba Tabba DFS, finalize environmental studies, advance statutory approvals, and continue regional exploration.