Kapitales Research

Adrad Holdings Limited (ASX: AHL) delivered a stronger FY26 performance, with operational improvements translating into higher earnings and cash generation. Revenue from continuing operations increased 1.6% to AU$155.5 million, while underlying EBITDA climbed 10.8% to AU$19.5 million. Statutory NPAT rose 15.4% to AU$6.5 million, alongside a 28.8% increase in operating cash flow to AU$17.9 million. The Heat Transfer Solutions segment continued to gain momentum across data centres, power generation and industrial markets. AHL doubled its dedicated data-centre radiator production capacity within six months, while also securing new contracts and expanding its manufacturing capabilities in Thailand. Entering FY27, AHL is supported by improved profitability, stronger cash flow and a substantial Heat Transfer Solutions order book. Continued expansion across higher-growth infrastructure markets and broader Distribution channels could support the company’s next phase of sustainable earnings growth. https://lnkd.in/gTTN6xzY #AdradHoldings #ASX #AHL #AustralianStocks #EquityResearch #kapitalesresearch

🏘️ Aspen Group (ASX: APZ) delivered strong FY2026 growth and upgraded its FY2027 earnings guidance. ✅ Underlying EBITDA increased 31%  ✅ Net rental income advanced 21%  ✅ Development profit climbed 71%  ✅ Development pipeline expanded to 2,904 sites  ✅ FY2027 operating EBITDA guidance of AU$66 million Strong rental fundamentals and expanding development capacity underpin Aspen’s next growth phase. https://lnkd.in/gJkQBawm #ASX #APZ #Property #RealEstate #Housing #KapitalesResearch

⛏️ Chariot Resources (ASX: CC9) has signed a term sheet to evaluate a partner-funded lithium DSO program in Nigeria. 🔹 90-day project evaluation period  🔹 Minimum 1,500-metre drilling program proposed  🔹 ZhongNuo to fund planned drilling  🔹 Trial mining potentially capped at 240,000 tonnes  🔹 C&D positioned as buyer of qualifying DSO The structure could provide CC9 with a funded pathway to assess one Nigerian lithium project while limiting upfront development exposure. #ASX #CC9 #ChariotResources #Lithium #Nigeria #Mining #KapitalesResearch

⛏️ Sunstone Metals (ASX: STM) has extended gold-copper mineralisation at its Bramaderos Project in Ecuador. 🔹 PTDD020 returned 175.8m at 0.50 g/t AuEq  🔹 Porotillo mineralisation spans ~550m by 240m  🔹 Combined trench intersection extends 698m  🔹 All 26 assayed holes returned long mineralised intervals  🔹 Resource update planned for the December quarter The latest results reinforce the potential to expand Bramaderos beyond its existing resource base. https://lnkd.in/gWA38AsE #ASX #STM #SunstoneMetals #Gold #Copper #Ecuador #Exploration #KapitalesResearch

⛏️ Barton Gold (ASX: BGD) has delivered further high-grade assays from its Tolmer discovery. 🔹 Western silver zone extended beyond 500m strike  🔹 Multiple high-grade silver intersections confirmed  🔹 Eastern gold zone strengthened by broad gold assays  🔹 Metallurgical testwork and structural interpretation planned The results continue to advance Tolmer’s emerging precious metals potential. https://lnkd.in/gR-H_eKm #ASX #BGD #Gold #Silver #Exploration #KapitalesResearch

🚀 Adherium Secures Additional AU$1 Million Funding Adherium Limited (ASX: ADR) has secured an additional AU$1 million short-term unsecured loan facility from its major shareholder, Trudell Medical Limited. 💰 🔹 Funding to support immediate working capital requirements 🔹 Interest rate of 12% per annum 🔹 Repayment scheduled for 30 September 2026 🔹 Early repayment allowed without penalty 🔹 No dilution for existing shareholders The facility strengthens Adherium’s near-term liquidity position while avoiding equity dilution. The company opted for Trudell’s funding as alternative financing options were limited, uncertain, or available on less favourable terms. The Board considers the arrangement commercially reasonable and negotiated on arm’s-length terms. 📊 https://lnkd.in/gNWFSCTN #Adherium #ASX #ADR #DigitalHealth #Healthcare #Funding #InvestmentNews #kapitalesresearch

🔋 TG Metals Advances Lake Johnston Lithium Project TG Metals Limited (ASX: TG6) has announced its maiden Mineral Resource Estimate for the Burmeister lithium deposit in Western Australia. ⛏️ 🔹 Inferred Resource: 6.7 million tonnes at 1.2% Li₂O 🔹 Exploration Target: 11 million–14.5 million tonnes at 0.9%–1.2% Li₂O 🔹 Potential for ~1.5% Li₂O DSO spodumene product through ore sorting 🔹 Drilling expected to restart in Q3 2026 🔹 Mining Lease application progressing 🔹 DSO studies and potential offtake evaluations planned 📈 The maiden resource provides TG Metals with a foundation to assess a potential low-capex Direct Shipping Ore operation while further drilling could expand the resource base. The company is now progressing development studies and exploration activities as it evaluates a pathway toward initial lithium production. 🚀 https://lnkd.in/ggf29rVM #TGMetals #ASX #TG6 #Lithium #Mining #Exploration #CriticalMinerals #InvestmentNews #kapitalesresearch

⛏️ Santa Fe Minerals Reports Encouraging Gold Results at Satama Santa Fe Minerals Limited (ASX: SFM) has reported promising drilling results from the Satama Gold Prospect within its Eburnea Gold Project in Côte d’Ivoire. 🌍 🔹 16 holes completed for 3,705.5 metres 🔹 Gold mineralisation encountered in 14 holes 🔹 12m @ 2.31 g/t gold from 160m 🔹 3m @ 4.41 g/t gold from 105m 🔹 10m @ 1.53 g/t gold from 261m 🔹 Mineralisation confirmed across at least 2.5km of strike 📈 Despite an RC drill rig failure affecting the original program, the results demonstrate mineralisation extending into fresh rock. Santa Fe plans further exploration to test strike and depth extensions while assessing parallel mineralised targets around the Satama Main Zone. 🚀  https://lnkd.in/gyv5XWgz #SantaFeMinerals #ASX #SFM #Gold #GoldExploration #Mining #CotedIvoire #Exploration #kapitalesresearch

MRG Metals Advances Rare Earth Ambitions with Fresh Funding MRG Metals Limited (ASX: MRQ) strengthened its funding position with an AU$725,000 placement, alongside a Share Purchase Plan seeking to generate up to an additional AU$750,000. The fresh capital is expected to accelerate work at the 70%-owned Garies Rare Earth Project in South Africa, supporting resource expansion drilling, mining licence activities and exploration across additional targets. The Garies Project continues to demonstrate encouraging potential, with DrillTarg recording a peak intersection of 6.6 metres at 4.49% TREO. Metallurgical work has also achieved approximately 72% monazite recovery, with scope for further improvement. In addition to advancing Garies, MRG intends to progress further exploration activities across its Adriano and Fotinho rare earth assets in Mozambique. With strategic partner discussions also being pursued, the funding provides MRG with additional capacity to expand its resource base and progress its rare earth portfolio toward the next stage of development. https://lnkd.in/g-wDfvkM #MRGMetals #ASX #RareEarths #CriticalMinerals #Mining #Investing #kapitalesresearch

Carbonxt Group Limited (ASX: CG1) is moving closer to completing its Kentucky activated carbon facility, with all replacement kiln components now delivered to the site. Each component is undergoing individual testing before installation, while the kiln manufacturer is expected on-site during the week of 24 August 2026 to finalise electrical works with Kentucky Carbon Processing. Carbonxt anticipates finalising construction of the kiln before the September 2026 quarter concludes. Carbonxt has also strengthened its position in NewCarbon Processing, LLC through an additional US$250,000 investment. Following the latest contribution, its ownership interest has increased to 49.4%, taking its total investment in the jointly owned Kentucky entity to US$9.75 million. Progress on the kiln and the increased NewCarbon stake highlight Carbonxt’s continued commitment to expanding its activated carbon operations in Kentucky. https://lnkd.in/g7n4FhKs #Carbonxt #ASX #ActivatedCarbon #CleanTech #Investing #kapitalesresearch