Latest news with #AlkaneResources
Yahoo
26-05-2025
- Business
- Yahoo
3 ASX Growth Stocks With High Insider Ownership To Watch
The Australian market has shown mixed performance recently, with the ASX 200 closing slightly up by 0.1% at 8,361 points. While sectors like IT and Materials have led gains, Utilities have notably lagged behind, reflecting varied investor sentiment across different areas of the economy. In such a diverse landscape, growth stocks with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the company in its potential for future success. Name Insider Ownership Earnings Growth Alfabs Australia (ASX:AAL) 10.8% 41.3% Brightstar Resources (ASX:BTR) 11.6% 98.8% Cyclopharm (ASX:CYC) 11.3% 97.8% Fenix Resources (ASX:FEX) 21.1% 53.4% Newfield Resources (ASX:NWF) 31.5% 72.1% AVA Risk Group (ASX:AVA) 15.4% 108.2% Echo IQ (ASX:EIQ) 19.8% 65.9% Titomic (ASX:TTT) 11.2% 77.2% Image Resources (ASX:IMA) 20.6% 79.9% BETR Entertainment (ASX:BBT) 32% 121.8% Click here to see the full list of 98 stocks from our Fast Growing ASX Companies With High Insider Ownership screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Growth Rating: ★★★★★☆ Overview: Alkane Resources Ltd is an Australian company focused on gold exploration and production, with a market capitalization of A$457.18 million. Operations: The company's revenue primarily comes from its gold operations, generating A$206.19 million. Insider Ownership: 11.2% Earnings Growth Forecast: 48.9% p.a. Alkane Resources is experiencing strong growth prospects, with revenue expected to increase by 20.3% annually, outpacing the Australian market's 5.6%. Earnings are also forecast to grow significantly at 48.9% per year. Despite a decrease in profit margins from last year, Alkane maintains high-quality earnings and substantial insider ownership. Recent exploration results at Tomingley Gold Operations demonstrate comprehensive reporting and potential resource expansion, underscoring Alkane's commitment to long-term growth in the mining sector. Click to explore a detailed breakdown of our findings in Alkane Resources' earnings growth report. Our comprehensive valuation report raises the possibility that Alkane Resources is priced higher than what may be justified by its financials. Simply Wall St Growth Rating: ★★★★★☆ Overview: Flight Centre Travel Group Limited offers travel retailing services for both leisure and corporate clients across various regions including Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and internationally with a market cap of A$2.90 billion. Operations: The company's revenue segments consist of A$1.38 billion from leisure travel services and A$1.13 billion from corporate travel services. Insider Ownership: 13.7% Earnings Growth Forecast: 23.6% p.a. Flight Centre Travel Group shows promising growth potential, with earnings expected to rise significantly at 23.6% annually, surpassing the Australian market's average. While revenue growth is moderate at 6.3%, it still exceeds market expectations. Insider confidence is evident through substantial recent share purchases, and a new A$200 million buyback program further supports shareholder value. However, profit margins have declined from last year, and dividends remain inadequately covered by free cash flows. Click here and access our complete growth analysis report to understand the dynamics of Flight Centre Travel Group. Upon reviewing our latest valuation report, Flight Centre Travel Group's share price might be too pessimistic. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Mineral Resources Limited operates as a mining services company across Australia, Asia, and internationally with a market cap of A$4.71 billion. Operations: The company's revenue segments include A$16 million from Energy, A$1.05 billion from Lithium, A$2.36 billion from Iron Ore, and A$3.64 billion from Mining Services, with an additional contribution of A$28 million from Other Commodities. Insider Ownership: 11.7% Earnings Growth Forecast: 71.9% p.a. Mineral Resources is positioned for growth, with earnings projected to increase significantly at 71.92% annually, although revenue growth of 6.8% lags behind high-growth benchmarks but outpaces the Australian market average. Insider activity shows more buying than selling recently, albeit not in substantial volumes. The company trades below its estimated fair value and relative to peers, despite recent challenges such as index removals and strategic asset sales discussions involving its A$1 billion Bald Hill lithium mine. Click here to discover the nuances of Mineral Resources with our detailed analytical future growth report. Our expertly prepared valuation report Mineral Resources implies its share price may be lower than expected. Reveal the 98 hidden gems among our Fast Growing ASX Companies With High Insider Ownership screener with a single click here. Searching for a Fresh Perspective? This technology could replace computers: discover the 22 stocks are working to make quantum computing a reality. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include ASX:ALK ASX:FLT and ASX:MIN. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
The Market Online
30-04-2025
- Business
- The Market Online
Gold Report: AI, M&A and exploration upside
Alkane Resources (ASX:ALK) and Mandalay Resources (TSX:MND) will merge their three operating mines, offering exposure to combined production of more than 180,000 ounces per year at a market capitalization of more than A$1 billion. Click here for the full story. By the ounce At the time of writing on Tuesday, the price of gold sat at US$3,324.90, down from US$3,436 per ounce in our April 23 report, according to data from The Globe and Mail, as companies adapt to Trump tariffs and global equity markets continue to regain their footing. This week in gold STLLR Gold (TSX:STLR) delivered improved gold grades from drilling at its Tower project in Ontario with the help of artificial intelligence. Outcrop Silver and Gold (TSXV:OCG) reported a high-grade discovery at its Santa Ana silver project in Colombia, marking its fifth over the past year. As the price of gold hovers near its all-time-high, explorers with sizeable resources offer strong investment potential, especially in regions that have made their name through discovery and production of the yellow metal. Desert Gold Ventures (TSXV:DAU), a Canadian gold explorer active in West Africa, fits this thesis to a tee. Top trending gold stocks Join the discussion: Find out what everybody's saying about the stories in this week's gold report on Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here. (Top image, generated by AI: Adobe Stock)
News.com.au
29-04-2025
- Business
- News.com.au
Resources Top 5: DY6 goes through the roof after identifying gallium in Malawi
A review of drilling data has revealed the presence of high grade gallium at the Tundulu project Andromeda Metals had a stellar rise after delivering its quarterly report for the three months ending March 31 Investors in Alkane Resources continue to support the merger arrangements with shares up another 10.26% Your standout small cap resources stocks for Tuesday, April 29, 2025 DY6 Metals (ASX:DY6) After revealing the presence of high-value critical mineral gallium at the Tundulu REE and phosphate project in Malawi, DY6 Metals has gone through the roof, increasing 340% to a daily high of 18.5c. A new look at old drill data uncovered high-grade gallium from surface with some assays showing impressive grades over long stretches, including up to 74 metres at more than 93 g/t gallium with a spike at 310 g/t. The review uncovered notable intersections: 74m at 93.26g/t gallium oxide and 1.56% total rare earth oxides from 72m including 14m at 202.79g/t Ga2O3 from 89m; 53m at 72.79g/t Ga2O3 and 1.02% TREO from surface including 12m at 145.07g/t Ga2O3 from 25m; and 30m at 94.63g/t Ga2O3 and 4.03% TREO from surface. The gallium mineralisation is open at depth as while some of the elevated results occurred within the saprolite clays, others occurred deeper within fresh rock with no assaying done for deeper potential. There is also plenty of room for more mineralisation to be found as just 40% of the highly prospective area around the Nathace and Tundulu hills target areas have been drill-tested. Should the company establish the presence of significant gallium, it could add a valuable byproduct to the already heady product mix at Tundulu. The 91.5km2 Tundulu project comprises several hills in a ring around a central vent called Nathace Hill, where the majority of historical surface sampling and drilling has been undertaken and identified heavy REE mineralisation. Gallium intersections were noted in 27.7% of the 4901 samples from historical diamond and reverse circulation drilling carried out in 2014 that the company assayed for the critical mineral. Data indicates there is a positive relationship between the gallium and TREO mineralisation though the trend lines suggest that further research on the relative contents of individual lithologies is required. DY6 Metals (ASX:DY6) has commissioned Auralia Metallurgy to conduct preliminary metallurgical testwork on a select bulk sample from Tundulu to determine the deposit's suitability to produce a separate rare earth and phosphate concentrate. Early signs point to a potentially serious play and the market will be watching closely when results land in the coming weeks. Gallium is hot property thanks to demand in electronics and semiconductors, and most of the global supply is stitched up by China. Prices have risen steadily in recent years due to growing demand but supply security has been eroded significantly by export restrictions placed by dominant producer China. Andromeda Metals (ASX:ADN) Kaolin-focused Andromeda Metals had a stellar rise after delivering its quarterly report for the three months ending March 31, trading up to 1.5c, a 50% lift on the previous close with more than 68m shares changing hands. The quarterly demonstrated continued progress in advancing the flagship Great White Project in South Australia including considerable project funding progress for the initial Stage 1A+ development. Importantly, ADN entered into exclusive negotiations for a debt project financing facility with Merricks Capital with a limit of up to A$75 million while due diligence is being carried out by a select number of capital providers. The negotiations with Merricks Capital are for a debt facility to support a final investment decision for the Stage 1A+ development of 100,000wmtpa. Both parties are in the final phases of due diligence and negotiations towards agreeing terms and conditions, and securing final approvals for the financing to support a final investment decision for Stage 1A+. Operationally, during the March quarter the procurement of long-lead items for Stage 1A progressed, with the majority of these items now fabricated and warehoused, ready for shipment to site. Significant operational planning and project readiness activities are underway to support efficient delivery of Stage 1A+. On the exploration front, drilling started at the Chairlift deposit to test for potential extensions and better define the high brightness, low titanium portions of the deposit. The development ready project has most of the pieces needed to proceed with the first stage. It has an ore reserve of 15.1Mt that is sufficient to support a 28-year mine life and a bankable feasibility study estimating it could generate a net present value and internal rate of return of $763m and 43% respectively. Capex is estimated at $194m for a three-stage development that can supply up to 330,000 wet metric tonnes of product per annum. 'The quarter saw significant progress with our Stage 1A+ funding process, with the entry into exclusive negotiations with Merricks Capital for a debt financing facility following detailed due diligence,' Andromeda's acting CEO Sarah Clarke said. 'The Great White Project is in the enviable position of being development-ready, with all key approvals secured to commence construction. 'In anticipation of a final investment decision for the Great White Project, the company continues to make steady progress in its Stage 1A+ project funding process and operational readiness planning.' Alkane Resources (ASX:ALK) Investors in Alkane Resources continue to show their support for the company's merger arrangements with Mandalay Resources with shares rising another 10.26% to 86c, a new high of almost two years. Alkane, which owns the Tomingley gold mine in New South Wales, and Mandalay Resources, which owns the Costerfield gold and antimony mine in Victoria and Björkdal gold mine in Sweden, announced the merger of equals on Monday. This combination will create a pro-forma $1.013bn gold producer with a primary Aussie listing as gold prices bounce along at a near record price of US$3300/oz. The combined entity will have a pro-forma production profile of 160,000ozpa gold equivalent rising to 180,000ozpa from 2026, with $188m of combined cash in the bank. Each of the Tomingley, Björkdal and Costerfield assets all have opportunities to extend their lives and expand their production profiles via exploration and infrastructure developments. 'The transaction will take Alkane to a new level, bringing together two companies with complementary assets and a shared vision for growth,' Alkane's managing director Nic Earner said. 'Mandalay's two high-quality mines match the attributes of Tomingley: a proven history of consistent production, cash generation and exploration upside. 'The combination of assets, leadership and supportive long-term shareholders enhances our scale and financial strength, and positions us well to continue to pursue additional growth opportunities.' 'We are excited to have found a like-minded partner committed to the same principles.' Narryer Metals (ASX:NYM) Another small cap mover is Narryer Metals, which has increased 35.48% to a daily high of 4.2c. On April 17 the company was buoyed by farm-in partner Petratherm completing phase 2 drilling aimed at testing for extensions of the titanium-rich Rosewood discovery and other titanium prospects at the Muckanippie heavy minerals project in South Australia. There were 128 holes completed for 4486m to extend Rosewood where highly encouraging heavy mineral intersections were previously recorded over a continuous 15km2 area which remains open in multiple directions. Initial mineralogy results from the east Rosewood area had indicated HM sands with >95% valuable HM content, composed primarily of high-value titanium minerals – rutile product (high-titanium leucoxene and rutile) and pseudorutile. Petratherm's (ASX:PTR) drilling also targeted the Duke, Nardoo and Claypan prospects that host a new style of high-grade titanium-rich HM mineralisation in saprolite clay. The company drilled 73 holes at Rosewood across a 9km east-west trend, extending multiple north-south lines to the north up to 1.6km. PTR has advised Narryer that it has met the Stage 1 farm-in commitment, earning it a 51% interest in EL 6715 and has also advised that it intends to earn a further 19% interest in the tenement to 70% by spending a further $300,000 over the next 24 months. Exploration drilling is expected to resume in early June to test for further extensions of the Rosewood mineralisation, particularly to the north. Dateline Resources (ASX:DTR) With a bankable feasibility study underway at the 1.1Moz Colosseum Gold Project in California, USA, Dateline Resources has lifted by as much as 43% to 1c. The BFS is based on open pit mining of the north and south pipes at the Colosseum and processing at a rate of 2Mtpa to produce ~75,000oz per annum over 8.5 years. BFS parameters align with scenario 2 (open pit only) of a scoping study released in October 2024, which demonstrated an NPV6.5 of US$235 million and IRR of 31% when using a gold price of US$2,200oz. The scoping study applied a US$2,200 per ounce gold price and the prevailing price is above US$3,300 per ounce, which represents considerable upside. DTR's BFS, which is expected by the end of 2025, will determine the potential to expand the overall size of the pits to increase the mine life. Assuming a positive outcome and that finance can be secured for the development, the company hopes to progress to a Final Investment Decision and construction soon after completion of the BFS. Colosseum is in the Walker Lane Trend in East San Bernardino County, California, and has a JORC-2012 compliant resource estimate of 27.1Mt at 1.26g/t Au for 1.1Moz. Of the total resource, 455,000oz at 1.47/t (41%) are classified as measured, 281,000oz at 1.21g/t (26%) as indicated and 364,000oz at 1.10g/t (33%) as Inferred.
News.com.au
28-04-2025
- Business
- News.com.au
The latest billion dollar gold merger shows the M&A tap continues to flow
Alkane Resources has announced a merger of equals with TSX-listed Mandalay Resources Will create a $1bn player with 180,000ozpa gold equivalent production and $188m in cash That makes the combined group a legitimate contender in future M&A processes The newest billion dollar gold player on the ASX is setting itself up to build a stronger hand in the poker game brewing over Australia's gold scene. Alkane Resources (ASX:ALK), the owner of the Tomingley gold mine in New South Wales, and TSX-listed Mandalay Resources, which owns the Costerfield mine in Victoria and Björkdal mine in Sweden, announced the merger of equals yesterday. The combination, which will create a pro-forma $1.013bn gold producer with a primary Aussie listing, is the latest to emerge as gold prices bounce along at a near record price of US$3300/oz. While it's been in the works for months, the deal comes after a flood of activity such as Northern Star Resources' (ASX:NST) $6bn takeover of Hemi gold project owner De Grey Mining, Ramelius Resources' (ASX:RMS) and Spartan Resources' (ASX:SPR) proposed $4.2bn merger, Gold Road Resources (ASX:GOR) rebuffing a $3.3bn takeover offer from its Gruyere JV partner Gold Fields and a host of project level acquisitions of assets spat out by overstuffed majors. After the deal clears shareholders and foreign investment approvals, the combined entity will have a pro-forma production profile of 160,000ozpa gold equivalent rising to 180,000ozpa from 2026, with $188m of combined cash in the bank. While their dispersed operations may have few obvious synergies, that as well as the enhanced liquidity will provide Alkane with inclusion to various indices including the GDX and ASX 300 – bringing passive investment flows into play – and make the company a more meaningful player when it comes to competitive M&A. "So that's one aspect that allows us to do inorganic growth," Alkane MD Nic Earner, who will become MD of the combined entity, said. "The second thing that allows us to do inorganic growth is … some of these non-funded developers, we could if we so chose pick one of those up and have a pathway through to development pretty easily. "Whereas if you pick that up as a smaller company, people are like, 'oh, you're going to have to do some sort of dilutive raising'. So it opens both of those avenues should the board choose to take them." Exploration muscle Earner added that each of the Tomingley, Björkdal and Costerfield assets, the latter also the largest antimony producer in the West, all have opportunities to extend their lives and expand their production profiles via exploration and infrastructure developments. While that may be in the order of 15-20%, Earner says at current gold prices, that is significant in terms of the cash they can generate. There are already some obvious takeover targets once the deal completes. Alkane already holds ~6% of WA gold developer Medallion Metals (ASX:MM8), while Mandalay's Costerfield sits up the road from gold-antimony exploration darling Southern Cross Gold (ASX:SX2) in Victoria. Earner and Mandalay president Frazer Bourchier acknowledged those would be companies in the "upper quartile" of opportunities to look at. However, they said future M&A decisions, if any, would be up to the miner's incoming board, which will include two nominees from Alkane (including Earner), three from Mandalay and an independent chair in Barrick director Andy Quinn. Gold prices could, ironically, become a barrier to future deals as developer valuations follow producers higher. "You can go back to the development path of Bellevue for instance. They were very open to a sale transaction but the valuations they received meant that they were pushed into a development pathway," Earner noted. "You can have the best will in the world but just not agree on value. And I'm not saying that's with one of those other parties, what I'm saying is that it's a difficulty at the moment as everybody and their shareholder base hopes for more value to come." But the desire to build scale and cash flows at a time of record gold prices does mean more consolidation is on the horizon. "What (the gold price is) really doing is differentiating between those who are generating cash and those that aren't. And that drives the M&A landscape a lot," Earner said. "In our particular case, if you look at the amount of free cash that we'll be generating and you look at where our market cap is, you can see a lot of value and a lot of upside in our stock. "I do expect consolidation in the sector." Bourchier said there remained undervalued gold stocks in the market, with a sense of disbelief keeping the valuations of explorer and developers suppressed, while he shares the opinions of bullish commentators that generalist money had not yet flowed into the gold equity market. "Even irrespective of all that scale and size matter in this industry, getting that capital market scale moving up a level will get us more attention," he added. Antimony kicker Mandalay, which has seen its shares lift 115% in the past year in Toronto, has received a two-pronged boost in recent times. It's on track to produce 85,000-95,000 gold equivalent ounces this year. That includes 1050-1150t of antimony from Costerfield, the only material commercial producer of the critical mineral outside China, Russia and Tajikistan. That's been a massive bonus, with export controls from China in September last year, followed by a complete ban on exports to the US in December, sending prices up from ~US$13,000/t at the start of 2024 to over US$55,000/t today. It makes Costerfield a strategic asset for the West, with the price rise seeing the share of revenue generated by the commodity at the mine lift from around 10% to ~30%. For the combined group it will make up around 12-15% of revenues, Earner said. Bourchier stressed that the company would be a gold company with an antimony "side angle". Yet the strategic significance of the Costerfield asset remains stark. How Costerfield works is that half of its gold is recovered from a gravity circuit, and is sent to Melbourne for refining. The other half reports to a concentrate with both gold and antimony which is shipped to China, Oman and Mexico for processing. Used in artillery and solar panels, the commodity became a key talking point after China issued export controls, ostensibly in response to US restrictions on the export of semiconductor parts and technology. "Russia, Tajikistan and China produce 87-90% of all the world's antimony. That means, ironically, Costerfield, Mandalay, and now MergeCo, are the largest producer of antimony in the Western world," Bourchier said. "There's a lot of mom and pops in Bolivia, a little bit in Turkiye, some in Peru, but as far as the largest recognised producer – not companies that plan or hope to produce like maybe Southern Cross or Perpetua or Larvotto – but actual producer for the last 15 years, is us. "That's partly a reflection of how limited that world is, and because of the strategic angle of antimony. "Because of the geopolitical situation it's given an extra amount of attention to our company, and not just because of the revenue and the extra cash we generate from that, but also because of the importance and significance of that critical mineral." Earner, who previously worked as a general manager at developer Larvotto's Hillgrove site, said the combined company would maintain the market knowledge built by Mandalay, with key executives including chief operating officer Ryan Austerberry to join the enlarged group.
The Market Online
28-04-2025
- Business
- The Market Online
Alkane to merge with Canadian Mandalay in golden bid for ASX300 status
By: Sonia Madigan Alkane Resources (ASX:ALK) and Mandalay Resources Corporation (TSX:MND) will merge their companies and three operating mines in a bid to see their gold production increase to more than 180,000 ounces next year and push for a market cap above A$1 billion. The 'merger of equals' transaction has been declared through a 'definitive arrangement agreement' which will see Alkane acquire all the shares of Mandalay. The name and ASX-listing Alkane Resources will stay and the merged company will seek a new listing on the TSX. The deal to drive market cap above $1 billion Under the arrangement, Mandalay shareholders will receive 7.875 shares of Alkane for each Mandalay share held. The companies reported it was about increasing scale and trading liquidity, with the implied market cap of the combined entity expected to be A$1,013 million. With that, the companies are hoping to make the ASX300. The initial production goal for this year will be 160,000 g/t. Alkane trading up on recent intercepts Prior to this announcement, Alkane had a market cap of $454 million and last closed at 75c – up from 61c since April 7, when it announced it had struck high grade gold intercepts in drilling at Tomingley Caloma and Roswell in Central West NSW. These grades included 3.1 metres at 196.95g/t from 115m deep, including a metre at 589g/t from 116m down. Combined entity to be Australia-based The executive team will be Perth-based, led by Alkane's Managing Director Nic Earner. Today's ASX announcement said the transaction would create 'a diversified Australian centric gold and antimony producer with a portfolio of three operating mines and a strong balance sheet'. 'Alkane's established Tomingley gold mine (Australia), currently ramping up after a major capital expansion, will complement the well established and stable production from Mandalay's Costerfield underground gold/antimony mine (Victoria, Australia) and the Björkdal underground gold mine (Sweden).' Taking Alkane to a 'new level' Alkane's Nic Earner said the deal would 'take Alkane to a new level, bringing together two companies with complementary assets and a shared vision for growth'. 'Mandalay's two high-quality mines match the attributes of Tomingley: a proven history of consistent production, cash generation and exploration upside,' he said. 'The combination of assets, leadership, andsupportive long-term shareholders enhances our scale and financial strength, and positions us well to continue to pursue additional growth opportunities.' Mandalay's CEO and President Frazer Bourchier said the company had the support of its major shareholders. The combined entity will have a cash balance around C$166 million. Join the discussion: Find out what everybody's saying about this stock on the Alkane Resources Bullboard, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
