Daily Roundup

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Webjet Group Taps New Leadership

Webjet Group has appointed Nicole Sheffield as its new Managing Director and CEO, effective July 20, 2026. Sheffield brings over 25 years of experience in commercial growth, business transformation, and digital innovation, having previously served as Managing Director at Wesfarmers OneDigital. Her appointment follows the resignation of the former MD and CEO, with interim leadership having been provided by Layton Shannos in the interim period.

Mining and Resources Show Strong Momentum

The resources sector is firing on multiple fronts. OD6 Metals has successfully acquired the Quinn Fluorspar Project in Nevada, expanding its land position to 226 claims covering 4,670 acres. The company's exploration work has validated historical data, confirming high-grade fluorspar mineralisation with exceptional grades—84% of samples from the Horseshoe deposit graded above 50% CaF2, averaging 70.7% CaF2. Soil geochemistry has identified a mineralised corridor stretching over 8 km, and the low impurity levels position the project well for both Metspar and Acidspar production pathways. OD6 has appointed a permitting consultant with extensive U.S. experience to guide the project through regulatory approval.

Core Lithium is ramping up operations at its Finniss Lithium Operation. Open pit mining has commenced at Grants with first shipment expected in December, while underground development at BP33 kicked off with the portal cut completed in June and first ore anticipated mid-2027. The company has already locked in sales agreements for approximately 45,000 tonnes of lithium fines, providing near-term cash flow. Its logistics chain is fully operational after the first shipment of stockpiled material through Darwin Port, and an exploration program is underway targeting a maiden Mineral Resource Estimate at the Blackbeard prospect. Core's cash position strengthened to A$181.8 million following completion of Tranche 2 of its A$120 million equity raising and receipt of Tranche 1 of a US$26 million convertible note.

Evolution Mining delivered on its FY26 guidance with record-breaking results. The company produced 715,000 ounces of gold and 66,000 tonnes of copper at a sector-leading all-in sustaining cost of $1,717 per ounce. Cash flow hit a record $1,389 million at a margin of $1,958 per ounce, while the company maintained a net cash position of $1,347 million and remains fully unhedged. All high-return organic growth projects, including the Cowal Open Pit Continuation and developments at Northparkes and Ernest Henry, are tracking on schedule and budget. FY27 guidance will be released alongside full-year results on August 19.

Rio Tinto reported strong operational performance in the first half of 2026, with copper equivalent production up 3% year-on-year. Copper production surged 31% driven by the ramp-up at Oyu Tolgoi, while iron ore sales climbed 5% with Pilbara sales up 7%. Lithium production jumped 20% year-on-year, with first production at Sal de Vida and Fénix 1B arriving ahead of schedule. The company has reduced its copper cost guidance while maintaining its 2026 outlook unchanged, demonstrating confidence in its operational resilience despite ongoing geopolitical uncertainty.