Broker Upgrades: WA gold developer becomes Canaccord's latest ‘spec buy'
Canaccord initiates Ausgold with a spec buy, $1.60 price target
Key DFS due soon for 3Moz Katanning gold project
Coking coal forecasts clipped by Argonaut
Gold developers are starting to close the gap on miners as prices remain near record highs after a turbulent fortnight in the Middle East.
At ~US$3330/oz, word of a potential ceasefire between Iran and Israel has brought the latest rally for bullion in check.
But at current prices, a new gold mine is likely to be paid off faster and generate returns quicker than at any point since 1980, the last time prices were – on an inflation adjusted basis – in this wheelhouse.
And analysts are not projecting the crash to be anywhere near as severe as it was in dark days of the late '80s.
That's brought a wave of new developers under the watchful eye of expert gold equity analysts.
One of those is Ausgold (ASX:AUC), which owns the 3.04Moz Katanning gold project in WA's Great Southern region, around 275km southeast of Perth.
Katanning is a rare asset, a 3500km2 greenstone belt, effectively under the control of a single explorer, with 2.4Moz in measured and indicated resources.
Canaccord Genuity analysts led by gold expert Tim McCormack have slapped a spec buy rating on the stock with a $1.60 price target.
That's more than double its Tuesday closing price of 76c, itself a 5.5% intraday gain.
The key definitive feasibility study on Ausgold's KGP is yet to be released to the ASX.
But McCormack and his associates have already had a go at modelling the development.
They anticipate Ausgold could come out with a 3.6Mtpa operation producing 118,000ozpa at an AISC of $2326/oz over a 10-year mine life.
Under their modelling, the project will hit its nameplate operating rate in H1 CY28.
The various iterations (of studies) outlined the potential for the asset to support a 3-5Mtpa mining/milling operation, producing 105-136kozpa and have a mine life of up to 10 years," McCormack and Co. said.
"While instructive of the project's potential, a significant management change-out in 2024 has resulted in the project being rebuilt from the ground up, culminating in the upcoming DFS, which we expect to demonstrate KGP as a realistic and deliverable proposition."
That shake-up included the introduction of former Roxgold CEO John Dorward as executive chair, with a string of high ranking international gold executives including Adrian Goldstone (Dundee Corporation), Mark Turner (Resolute Mining) and Paul Weedon (Fortuna Mining) all on board.
Former Telfer general manager Mark Mitchell has been appointed COO, with Ben Stockdale as CFO.
"In our view, the renewed team offers an excellent blend of experience across all the required work streams to bring the KGP to fruition," McCormack and his team said.
More coking coal downgrades from Argonaut
Over at Argonaut, analyst Jon Scholtz is optimistic about the long-term outlook for coking coal.
But he's also downgraded price forecasts out to 2028, chopping his 2025 estimate by 6% to US$190.4/t, 2026 12% to US$231.30/t, 2027 9% to US$250/t and 2028 by 8% to US$258.80/t.
Argonaut's long-term forecast of US$250/t has been left unchanged, with shortages due to the failure to approve new greenfield mines expected to lead to eye-watering price of US$280/t in 2029 and US$289.2/t in 2030, admittedly, well below the highs seen post Ukraine invasion in 2022.
"Coking coal prices have been under pressure in CY25 and remain subdued due to supply being robust and demand being weak," Scholtz told Argonaut clients.
"We have downgraded our near-term coking coal price forecasts, however we maintain our longer-term constructive view on a demand recovery, lack of greenfield supply and, importantly, price support from being well into the cost curve."
It has three stocks under its coverage, preferred pick Whitehaven Coal (ASX:WHC), with a buy rating and $6.50 price target, Stanmore Coal (ASX:SMR) with a buy rating and $3 price target and Coronado Global Resources (ASX:CRN), with a buy rating and 30c price target.
Coronado is the ropiest of those, with its US-Australian coal business sieving cash at current prices, but it has improved its outlook somewhat in recent weeks with moves to shore up liquidity and trim costs.
"We maintain a preference for WHC (thermal coal support, operational leverage and capital management upside) and we highlight CRN's recent initiatives to provide liquidity and runway for the company in the current low coal price environment," Scholtz said.
Whitehaven was trading at $5.57 a share on Tuesday, with Stanmore at $1.92 and Coronado at 13c.
Lower coal prices saw Queensland's State budget report a drop in coal royalties from $10.52bn in FY24 to $6.17bn in FY25, with struggling junior Bowen Coking Coal (ASX:BCB) again taking a swipe at state royalty pressures in a trading halt notice announcing it was seeking funding to support its current operations.
$10m capped Bowen, worth over $500m during the 2022 coal boom, has struggled to make ends meet since making its first coal shipments at the tail-end of that boom, regularly fingering the scale of the State's royalty hike for hurting investment in coking coal mines.
Issued by the previous Labor government but maintained by David Crisafulli's LNP, the tiered coal royalty regime shifted from its pre-2022 level of 7% up to $100/t, 12.5% to $150/t and 15% beyond that with three additional tiers.
Coal sales now draw 20% for the final $50 of coal sold between $175-225/t, 30% from $225-300/t and 40% for any dollar earned beyond $300/t.
Front month coking coal futures are currently US$175/t.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Herald Sun
44 minutes ago
- Herald Sun
SurfStitch saga takes dramatic turn as Nike launches legal action
Don't miss out on the headlines from Business. Followed categories will be added to My News. Sportswear giant Nike has launched legal action against surf retailer SurfStitch in an attempt to recoup the hundreds of thousands of dollars it says it is owed. SurfStitch, which was sold by its parent company Alquemie Group to an unknown buyer last month, placed itself into voluntary administration weeks after the legal proceedings were initiated, a notice lodged with the corporate regulator reveals. Nike Australia, which sold sneakers and clothes on SurfStitch's website, is pursuing a winding-up order against the brand, claiming it is owed a total of $237,760, according to court documents filed with the Supreme Court of Victoria. Winding up notices are usually issued by creditors of a company in order to enforce the payment of a debt. If the debt is found legitimate and a company is unable to pay, the business is usually placed into liquidation by the court. The matter is due before the court next week. Even though SurfStitch has been placed into administration, the court can still order the business into liquidation. An Alquemie Group spokesperson told News Corp that the company sold the SurfStitch business in May. 'We understand the new owners have subsequently appointed voluntary administrators,' they said. SurfStitch's website has been shut down for several weeks, displaying a message that states it is 'currently undergoing maintenance'. 'We expect to be back soon. Thanks for your patience,' their site reads. Law firm Cornwalls, who is representing Nike in the Supreme Court action, declined to comment. SurfStitch administrators, Edwin Narayan and Domenic Calabretta of Mackay Goodwin who were appointed to the company on June 6, were contacted for comment. The fresh legal action and administration mark another unexpected chapter in the SurfStitch saga, with the company previously collapsing in 2018. It was previously reported that SurfStitch appointed administrators in 2017, with the retailer sold to Alceon Retail Bidco a year later – which is now known as Alquemie Retail Operations, a subsidiary of Alquemie Group. Alquemie's portfolio includes fashion retailer General Pants Co. and LEGO Certified Stores, with the group also offloading luxury fashion brand Ginger & Smart in May to the same undisclosed buyer that acquired SurfStitch. The private equity firm is run by Richard Facioni, a long-time deal-maker in the retail industry and the former chairman of Mosaic Brands – the ASX-listed company that took in brands Noni B, Rivers and Millers, which collapsed last year.
News.com.au
an hour ago
- News.com.au
Lunch Wrap: ASX loses fizz as soft CPI lifts banks; DroneShield soars on record deal
ASX fizzles as soft CPI lifts banks, hammers miners DroneShield rockets on record European order Paladin names new CEO The ASX bolted out of the blocks on Wednesday, up nearly half a per cent inside the first hour, but the early fizz went flat by lunch. Local traders digested a mixed brew of softer inflation and wobbly commodity prices. Overnight in New York, the bulls were on parade. The S&P 500 added 1.1% and the tech-heavy Nasdaq almost clinched a fresh record, up 1.5%. Fed boss Jerome Powell told Congress there's 'no rush' to slice rates, but conceded cuts will come 'sooner rather than later' if inflation behaves. Oil prices kept sliding, and WTI has now dropped almost 15% in two sessions to hover near US$65 a barrel. Much of that retreat hangs on Donald Trump's hastily brokered ceasefire between Israel and Iran, complete with his trademark all-caps warnings: 'DO NOT DROP THOSE BOMBS'. Back home, the inflation reading landed this morning, with May CPI easing to 2.1% year-on-year, better than the 2.3% the punters tipped and well below April's 2.4%. The trimmed mean – the RBA's pet measure – slipped to 2.4% from 2.8%, still inside the holy-grail 2–3 per cent band which is good. Back to the ASX, where bank stocks led. Commonwealth Bank (ASX:CBA) hit another record $192 before paring gains. Miners copped the heaviest selling after iron-ore futures dipped again in Singapore. Fortescue (ASX:FMG) slid 2%. The gold crew also lost their shine as haven demand cooled. Northern Star Resources (ASX:NST) dropped a hefty 2.7%. In the large caps front, it was anything but dull. Defence tech darling DroneShield (ASX:DRO) stole the headlines, rocketing 22% after sealing its biggest single contract yet – a $61.6 million order from a European military customer for handheld counter-drone gear. Among the other movers, freshly relisted Virgin Australia (ASX:VGN) climbed another 3.5% after finishing 10% higher on debut yesterday. Xero (ASX:XRO) is in a trading halt pending its potential US$2.5 billion acquisition of New York fintech, Melio. And, uranium miner Paladin Energy (ASX:PDN) named chief operating officer Paul Hemburrow as its new CEO from 1 September. ASX SMALL CAP WINNERS Here are the best performing ASX small cap stocks for June 25 : Security Description Last % Volume MktCap OVT Ovanti Limited 0.007 133% 239,057,184 $9,016,545 RLC Reedy Lagoon Corp. 0.002 100% 5,130,468 $776,707 LIS Lisenergylimited 0.135 45% 3,714,033 $59,538,621 CDE Codeifai Limited 0.064 33% 4,604,031 $21,261,046 HCD Hydrocarbon Dynamics 0.002 33% 1,816,797 $1,617,164 MGU Magnum Mining & Exp 0.004 33% 172,779 $3,364,953 AN1 Anagenics Limited 0.005 25% 105,000 $1,985,281 ERA Energy Resources 0.003 25% 85,665 $810,792,482 FBM Future Battery 0.020 25% 268,651 $10,770,576 OMG OMG Group Limited 0.005 25% 1,721,869 $2,913,180 TEG Triangle Energy Ltd 0.003 25% 1,050,660 $4,178,468 SUM Summitminerals 0.038 23% 855,713 $2,745,858 DRO Droneshield Limited 2.170 22% 23,021,475 $1,561,051,854 AON Apollo Minerals Ltd 0.006 20% 140,000 $4,642,284 FRX Flexiroam Limited 0.006 20% 200,019 $7,586,993 OLI Oliver'S Real Food 0.006 20% 2,846,964 $2,703,660 PWN Parkway Corp Ltd 0.012 20% 8,434,707 $27,671,139 PPK PPK Group Limited 0.340 17% 242,989 $26,335,624 BMG BMG Resources Ltd 0.007 17% 100,000 $5,066,383 WBE Whitebark Energy 0.004 17% 551,397 $2,062,001 RPG Raptis Group Limited 0.043 16% 67,311 $12,975,340 CHW Chilwaminerals 1.220 16% 58,992 $56,907,194 MCA Murray Cod Aust Ltd 1.185 15% 29,820 $108,947,776 NME Nex Metals Explorat 0.023 15% 20,067 $6,682,116 AVW Avira Resources Ltd 0.008 14% 108,829 $1,610,000 Ovanti (ASX:OVT) has named Zip Co (ASX:ZIP) exec Peter Maher as CEO of its US BNPL, payments and embedded finance arm. Maher, who helped grow Zip's American business under co-founder Larry Diamond, will join OVT on July 14 after serving out his notice. Ovanti picked him after a global search, banking on his track record in big merchant deals, AI-led affordability tools and launching BNPL products that ditch credit scores for real-time income data. OVT reckons that's the key to cracking the US market, and Maher's the one to do it. Reedy Lagoon (ASX:RLC) has lined up a handful of promising drill targets at its Burracoppin gold project in WA's Wheatbelt, sitting between Perth and Kalgoorlie. Using magnetic data and over 3,000 soil samples, it's pinpointed gold anomalies across four main prospects – Lady Janet, Windmills, Shear Luck and Zebra. The land's flat and mostly covered in crops or sheep, with little rock showing, so the company's been relying on geophysics and soil to guide the way. First-pass drilling is now on the cards to see what's hiding in the bedrock. Li-S Energy (ASX:LIS) has signed a deal with a major defence tech company to test its lithium-sulfur batteries for global military use. The partner, which supplies advanced gear to defence forces in the US, Europe and Australia, will put LIS cells through their paces for performance and safety. The two plan to explore how Li-S tech could be integrated into military systems. And, Dateline Resources (ASX:DTR) boss Stephen Baghdadi tipped in $1.06 million by exercising his options on the stock, lifting his stake to almost 13%. Shares were up 5%. ASX SMALL CAP LOSERS Here are the worst performing ASX small cap stocks for June 25 : Code Name Price % Change Volume Market Cap AUK Aumake Limited 0.002 -33% 16,655 $9,070,076 JAY Jayride Group 0.001 -33% 10 $2,141,834 RAN Range International 0.001 -33% 2,836,500 $1,408,935 HLX Helix Resources 0.002 -25% 2,525,000 $6,728,387 PV1 Provaris Energy Ltd 0.014 -21% 1,849,161 $11,866,022 OLH Oldfields Holdings 0.020 -20% 40,500 $5,326,478 EAT Entertainment 0.004 -20% 54,200 $6,543,930 FIN FIN Resources Ltd 0.004 -20% 199,998 $3,474,442 KPO Kalina Power Limited 0.004 -20% 6,554,734 $14,664,978 MEL Metgasco Ltd 0.002 -20% 179,775 $4,581,467 EWC Energy World Corpor. 0.021 -19% 4,422,520 $80,051,952 14D 1414 Degrees Limited 0.014 -18% 472,948 $4,892,243 VRL Verity Resources 0.019 -17% 2,383,681 $6,426,740 AUR Auris Minerals Ltd 0.005 -17% 84,413 $2,859,756 JAV Javelin Minerals Ltd 0.003 -17% 147,000 $18,378,447 LML Lincoln Minerals 0.005 -17% 5,371,284 $12,615,418 X2M X2M Connect Limited 0.022 -15% 2,228,843 $10,092,728 LMG Latrobe Magnesium 0.009 -15% 2,076,872 $26,265,900 ODE Odessa Minerals Ltd 0.006 -14% 1,540,131 $11,196,728 RDS Redstone Resources 0.003 -14% 720,000 $3,619,936 MPR Mpower Group Limited 0.007 -13% 133,000 $2,749,626 IRX Inhalerx Limited 0.042 -13% 100,000 $10,245,515 ZNC Zenith Minerals Ltd 0.036 -12% 23,448 $16,883,748 IVX Invion Ltd 0.110 -12% 79,218 $10,591,082 LAT Latitude 66 Limited 0.022 -12% 273,154 $3,585,018 IN CASE YOU MISSED IT A recent research report has given Belararox (ASX:BRX) a target share price of 44 cents and market cap of $60m based on its copper projects. Besra Gold (ASX:BEZ) continues to de-risk key workstreams required to complete the bankable feasibility study for its Jugan project within the Bau gold field in Sarawak, Malaysia. ADX Energy's (ASX:ADX) focus on testing shallow gas prospects in Austria has led Auctus Advisors to maintain its 30c price target. Core Energy Minerals (ASX:CR3) will drill an initial 50 aircore holes at its Cummins uranium project in South Australia, with scope to expand to up to 120 holes under approved permits. Legacy Minerals (ASX:LGM) has welcomed the start of drilling at the Glenlogan project joint venture with S2 Resources on the hunt for a copper-gold porphyry target. Astute Metals' (ASX:ASE) drilling has returned consistently high-grade lithium intersections at its Red Mountain project in Nevada. Brightstar Resources (ASX:BTR) has signed a MoU with Paddington Gold to purchase ore from its Menzies gold project in WA. LAST ORDERS Pursuit Minerals (ASX:PUR) is $300,000 richer after finalising the sale of its Commando and Warrior projects in WA to Kurnalpi Gold Pty Ltd, a privately held company. PUR has now divested 100% of its legal and beneficial interests in the tenements. Norfolk Metals (ASX:NFL) is anticipating a busy second half of 2025 at the Carmen copper project, having established an operations camp to house its ground teams just an hour away from the site. NFL has ambitions to prove-up a shallow copper oxide resource of large enough size to develop a low-cost, high-margin, value-accretive heap leaching operation producing copper cathode at the mine gate. Trigg Minerals (ASX:TMG) has welcomed US executive Ben Harris as US Defence and Armaments Advisor to support Trigg's strategy to become a secure, domestic supplier of the critical mineral antimony. With more than 35 years' experience in the US defence and government sectors, Harris will support TMG's efforts to align the Antimony Canyon project in Utah with US national security and federal procurement priorities. At Stockhead, we tell it like it is. While Pursuit Minerals, Norfolk Metals and Trigg Minerals are Stockhead advertisers, they did not sponsor this article.
The Advertiser
an hour ago
- The Advertiser
2026 Toyota Corolla Cross price, spec details leaked
Key details of the updated 2026 Toyota Corolla Cross lineup, including pricing, has been leaked online. A dealer bulletin shared on the Toyota Corolla Cross Owners Australia group on Facebook reveals the entire lineup will receive a $960 price hike, while also detailing some of the spec changes coming to the small crossover SUV. Toyota has previously confirmed a local launch for the upgraded small SUV in the second half of 2025. We've contacted the company for an update. Per the bulletin, the Corolla Cross will arrive at dealerships in late July in both GX and Atmos trims, with the GXL and new GR-S trim (pictured below) arriving in early October. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The bulletin mentions "production delays due to pending certification" for the GXL and GR-S, which were originally set to arrive alongside the rest of the range. The updated lineup will open at $37,440 before on-road costs for the base front-wheel drive GX, and top out at $50,990 before on-roads for both the all-wheel drive Atmos and GR-S. All variants get HF01234YF refrigerant for their air-conditioning systems and an Acoustic Vehicle Alerting System (AVAS) to alert passersby to the hybrid SUV's presence. The front and rear Parking Support Brake function, which applies the brakes if it detects an object or vehicle and which was previously exclusive to the Atmos, is being rolled out to the GX and GXL. The GXL also picks up the following features from the Atmos: The Atmos gains ventilated front seats. There's also updated centre console trim for the GX, GXL and Atmos. The new GR-S (or GR Sport) variant revealed in May features unique front and rear bumpers, as well as lower sports suspension, retuned steering, and unique 19-inch alloy wheels. Ever since petrol-powered variants were dropped locally in 2024, all Australian-market Corolla Cross vehicles come with a 2.0-litre four-cylinder hybrid powertrain delivering 146kW of total system power. The wider range receives refreshed exterior styling including new LED headlight internals for the GXL and Atmos. Toyota may be the best-selling car brand in Australia by a country mile, but the Corolla Cross was only the seventh best-selling vehicle in its segment last year, behind the MG ZS, Hyundai Kona, GWM Haval Jolion, Mazda CX-30, Mitsubishi ASX and Subaru Crosstrek. Here's the pricing as it appears in the dealer bulletin: MORE: Everything Toyota Corolla Cross Content originally sourced from: Key details of the updated 2026 Toyota Corolla Cross lineup, including pricing, has been leaked online. A dealer bulletin shared on the Toyota Corolla Cross Owners Australia group on Facebook reveals the entire lineup will receive a $960 price hike, while also detailing some of the spec changes coming to the small crossover SUV. Toyota has previously confirmed a local launch for the upgraded small SUV in the second half of 2025. We've contacted the company for an update. Per the bulletin, the Corolla Cross will arrive at dealerships in late July in both GX and Atmos trims, with the GXL and new GR-S trim (pictured below) arriving in early October. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The bulletin mentions "production delays due to pending certification" for the GXL and GR-S, which were originally set to arrive alongside the rest of the range. The updated lineup will open at $37,440 before on-road costs for the base front-wheel drive GX, and top out at $50,990 before on-roads for both the all-wheel drive Atmos and GR-S. All variants get HF01234YF refrigerant for their air-conditioning systems and an Acoustic Vehicle Alerting System (AVAS) to alert passersby to the hybrid SUV's presence. The front and rear Parking Support Brake function, which applies the brakes if it detects an object or vehicle and which was previously exclusive to the Atmos, is being rolled out to the GX and GXL. The GXL also picks up the following features from the Atmos: The Atmos gains ventilated front seats. There's also updated centre console trim for the GX, GXL and Atmos. The new GR-S (or GR Sport) variant revealed in May features unique front and rear bumpers, as well as lower sports suspension, retuned steering, and unique 19-inch alloy wheels. Ever since petrol-powered variants were dropped locally in 2024, all Australian-market Corolla Cross vehicles come with a 2.0-litre four-cylinder hybrid powertrain delivering 146kW of total system power. The wider range receives refreshed exterior styling including new LED headlight internals for the GXL and Atmos. Toyota may be the best-selling car brand in Australia by a country mile, but the Corolla Cross was only the seventh best-selling vehicle in its segment last year, behind the MG ZS, Hyundai Kona, GWM Haval Jolion, Mazda CX-30, Mitsubishi ASX and Subaru Crosstrek. Here's the pricing as it appears in the dealer bulletin: MORE: Everything Toyota Corolla Cross Content originally sourced from: Key details of the updated 2026 Toyota Corolla Cross lineup, including pricing, has been leaked online. A dealer bulletin shared on the Toyota Corolla Cross Owners Australia group on Facebook reveals the entire lineup will receive a $960 price hike, while also detailing some of the spec changes coming to the small crossover SUV. Toyota has previously confirmed a local launch for the upgraded small SUV in the second half of 2025. We've contacted the company for an update. Per the bulletin, the Corolla Cross will arrive at dealerships in late July in both GX and Atmos trims, with the GXL and new GR-S trim (pictured below) arriving in early October. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The bulletin mentions "production delays due to pending certification" for the GXL and GR-S, which were originally set to arrive alongside the rest of the range. The updated lineup will open at $37,440 before on-road costs for the base front-wheel drive GX, and top out at $50,990 before on-roads for both the all-wheel drive Atmos and GR-S. All variants get HF01234YF refrigerant for their air-conditioning systems and an Acoustic Vehicle Alerting System (AVAS) to alert passersby to the hybrid SUV's presence. The front and rear Parking Support Brake function, which applies the brakes if it detects an object or vehicle and which was previously exclusive to the Atmos, is being rolled out to the GX and GXL. The GXL also picks up the following features from the Atmos: The Atmos gains ventilated front seats. There's also updated centre console trim for the GX, GXL and Atmos. The new GR-S (or GR Sport) variant revealed in May features unique front and rear bumpers, as well as lower sports suspension, retuned steering, and unique 19-inch alloy wheels. Ever since petrol-powered variants were dropped locally in 2024, all Australian-market Corolla Cross vehicles come with a 2.0-litre four-cylinder hybrid powertrain delivering 146kW of total system power. The wider range receives refreshed exterior styling including new LED headlight internals for the GXL and Atmos. Toyota may be the best-selling car brand in Australia by a country mile, but the Corolla Cross was only the seventh best-selling vehicle in its segment last year, behind the MG ZS, Hyundai Kona, GWM Haval Jolion, Mazda CX-30, Mitsubishi ASX and Subaru Crosstrek. Here's the pricing as it appears in the dealer bulletin: MORE: Everything Toyota Corolla Cross Content originally sourced from: Key details of the updated 2026 Toyota Corolla Cross lineup, including pricing, has been leaked online. A dealer bulletin shared on the Toyota Corolla Cross Owners Australia group on Facebook reveals the entire lineup will receive a $960 price hike, while also detailing some of the spec changes coming to the small crossover SUV. Toyota has previously confirmed a local launch for the upgraded small SUV in the second half of 2025. We've contacted the company for an update. Per the bulletin, the Corolla Cross will arrive at dealerships in late July in both GX and Atmos trims, with the GXL and new GR-S trim (pictured below) arriving in early October. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The bulletin mentions "production delays due to pending certification" for the GXL and GR-S, which were originally set to arrive alongside the rest of the range. The updated lineup will open at $37,440 before on-road costs for the base front-wheel drive GX, and top out at $50,990 before on-roads for both the all-wheel drive Atmos and GR-S. All variants get HF01234YF refrigerant for their air-conditioning systems and an Acoustic Vehicle Alerting System (AVAS) to alert passersby to the hybrid SUV's presence. The front and rear Parking Support Brake function, which applies the brakes if it detects an object or vehicle and which was previously exclusive to the Atmos, is being rolled out to the GX and GXL. The GXL also picks up the following features from the Atmos: The Atmos gains ventilated front seats. There's also updated centre console trim for the GX, GXL and Atmos. The new GR-S (or GR Sport) variant revealed in May features unique front and rear bumpers, as well as lower sports suspension, retuned steering, and unique 19-inch alloy wheels. Ever since petrol-powered variants were dropped locally in 2024, all Australian-market Corolla Cross vehicles come with a 2.0-litre four-cylinder hybrid powertrain delivering 146kW of total system power. The wider range receives refreshed exterior styling including new LED headlight internals for the GXL and Atmos. Toyota may be the best-selling car brand in Australia by a country mile, but the Corolla Cross was only the seventh best-selling vehicle in its segment last year, behind the MG ZS, Hyundai Kona, GWM Haval Jolion, Mazda CX-30, Mitsubishi ASX and Subaru Crosstrek. Here's the pricing as it appears in the dealer bulletin: MORE: Everything Toyota Corolla Cross Content originally sourced from:
