No surprise for the HotCopper forums, a basket of mining companies (and one airliner) have all dropped fresh disclosures on Friday, yet another flattish red day for the local bourse down under. It’s looking like the RBA’s hold call, plus last week’s CPI, has been enough to tank local sentiment, and then of course Wall Street faltered overnight.
Here’s the companies that were getting the most attention on Friday:
- Renascor Resources (ASX:RNU) has issued an exploration update, coming in as the most-viewed today by far. However, so far, the company’s just got approval permits; no drilling has kicked off yet. Still, shares popped +5%.
- Red Sky Energy (ASX:ROG) has updated on the completion of its Yarrow 1 well at Innamincka; shares jumped +33% though only to 0.4cps. The penny stock advised the well will be done by Monday, and the company believes it could end up doubling production. Santos owns 80% of the asset.
- Haranga Resources (ASX:HAR) is on the verge of getting the drills spinning for Phase II at its Ibel gold project in Senegal, and in 2026, the company advised of an upcoming RC/DD drill run regardless of Phase II results, given there’s untapped targets to sniff out.
- First Graphene Ltd (ASX:FGR) has meanwhile issued a trading halt ahead of a capital raise.
- Tivan Ltd (ASX:TVN) has kicked off works at its Molyhil asset, a tungsten-molybdenum play in the NT. The company advised that a drill run to test targets is slated for March 2026.
- Alliance Aviation (ASX:AQZ), meanwhile, tanked nearly -40% on Friday to $1.57/sh as it came out a trading suspension it triggered earlier this week ahead of a guidance downgrade. The company blamed increased aircraft costs, maintenance budget blowouts, the fact $4.2M is in limbo as part of an ongoing contract dispute.
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Disclaimer: HotCopper had a commercial relationship with HAR at the time this article was crafted and published.