The ASX Daily Wednesday, 15 April 2026

Top StoriesDUR — Duratec Ertech JV secures $281M Defence contract for HMAS Stirling submarine infrastructure upgradesDuratec’s 50:50 joint venture with Ertech has been awarded a $281 million contract to upgrade infrastructure at HMAS Stirling in Western Australia, directly tied to the AUKUS partnership and Australia’s future submarine capability. Combined with a previously awarded $9.2M early works contract and ~$5M in long lead items, total project value reaches just under $300 million with a 24-month delivery window. This is exactly the kind of defence spending story retail investors should be watching as AUKUS commitments translate into real ASX earnings.TLX — Telix raises US$600M in upsized convertible bond offering to refinance existing debtTelix Pharmaceuticals priced a US$600 million convertible bond at 1.50% coupon due 2031 — upsized from US$550M on the back of strong global demand. The conversion price of US$13.85 per share represents a 37.5% premium to the reference price. Simultaneously, Telix is buying back more than 85% of its existing 2029 bonds, extending its debt maturity profile by two years and giving the company significant financial flexibility heading into key commercial milestones.EVN — Evolution Mining achieves net cash position of $42M with strong quarterly cash flows and record mine performancesEvolution Mining generated $406M in Group cash flow for the March quarter, with cash on hand rising 42% to $1.37 billion. Production came in at 170,000 ounces at an AISC of $2,220 per ounce, keeping FY26 guidance intact and below original cost guidance. Record net mine cash flows at both Mungari ($175M) and Red Lake ($104M). With no debt repayments until FY29 and $1.9 billion in total liquidity, Evolution is one of the best-capitalised gold producers on the ASX right now.STK — Strickland Metals delivers maiden 1.25Moz Indicated Resource at Shanac, growing total Rogozna project to 8.6Moz AuEqStrickland Metals has established a maiden Indicated Resource of 1.25 million ounces at its Shanac deposit in Serbia, pushing the total Rogozna project to 8.6Moz AuEq across four deposits. The company is sitting on approximately $93 million in cash following a recent institutional placement. At 8.6 million ounces, Rogozna is starting to look like a genuine tier-one development project — and an Indicated Resource milestone is exactly the kind of de-risking event that attracts major mining company attention.Mid-Tier MoversLRV — Larvotto’s Hillgrove antimony-gold project remains on time and on budget, with commissioning targeted for August 2026 and first production in mid-2026. The federal government has legislated a Critical Minerals Stockpile with antimony among the first four priority commodities, and Larvotto is one of only two Australian companies positioned to supply it.BOE — Boss Energy has cut FY26 uranium production guidance by roughly 10% to 1.40–1.45 million pounds, down from 1.6 million, after repeated rainfall events disrupted operations at Honeymoon in South Australia. Costs are tracking toward the upper end of guidance, though C1 cost guidance itself remains unchanged at $36–40 per pound.ALK — Alkane Resources will join the S&P/ASX 200 Index on 22 April, replacing National Storage REIT following its Brookfield and GIC acquisition. Index inclusion typically triggers mandatory buying from ETFs and passive funds — a meaningful re-rating catalyst for ALK shareholders.NUF — Nufarm reported underlying first-half EBITDA of $239–244 million, up approximately 17% on the prior year. Net debt reduced by $130 million and a new $50 million cost savings program announced under incoming CEO Rico Christensen. Positive trading momentum has continued into April.VGN — Virgin Australia has kept its FY26 guidance intact despite jet fuel prices more than doubling since late February, thanks to strong hedging covering 92% of Brent crude exposure. RASK growth forecast upgraded to ~5% from 3–4% previously. Group liquidity stands at $1.5 billion with leverage below its own 1–2x target range.SER — Strategic Energy Resources has executed a binding JV with Sumitomo Metal Mining for its Bulimba Gold Project in Queensland. Sumitomo can earn up to 90% through $6M in expenditure and 7,500m of drilling. SER stays free-carried through all earn-in stages and earns a 10% operator fee.AVH — AVITA Medical’s Cohealyx bioscaffold cut average time to skin grafting from a 33-day real-world benchmark down to just 13.6 days across 40 patients — statistically significant at pRGL — Riversgold has reported its best-ever drilling campaign at its Northern Zone project 25km east of Kalgoorlie, with standout results including 15 metres at 5.62 g/t gold and individual metre results hitting 71 g/t. Mining Lease conversion expected within weeks.Rapid Fire* WTM — Waratah Minerals hits 54m at 1.88 g/t Au at Spur Gold Project in NSW with 10 rigs still turning at the expanding Consols zone.* EL8 — Elevate Uranium declares a maiden 10.1 million pound resource at Namib IV, lifting total Koppies Project to 76.2 million pounds U3O8.* PYC — PYC Therapeutics clears its Safety Review Committee to advance PYC-001 into a Multiple Ascending Dose study after positive 60mcg safety data.* OM1 — Omnia Metals pivots into US critical minerals, acquiring an antimony project directly adjacent to the only DOD-approved smelter in North America.* MQR — Marquee Resources secures a patent licence from Oak Ridge National Laboratory for NEAREST REE separation technology — up to 6.7x better than conventional methods.* IMM — Immutep receives FDA Orphan Drug Designation for efti in soft tissue sarcoma, unlocking potential seven years of market exclusivity upon approval.* OCC — Orthocell gains access to 221 US military and VA hospitals for its Remplir nerve repair device, backed by real-world use in 23 procedures on soldiers in Ukraine.* HZR — Hazer and KBR complete a standardised Process Design Package for a 30,000 tonne per annum hydrogen plant, enabling global commercial licensing.* NHC — New Hope raises A$300M in convertible notes due 2032 to refinance 2029 debt, while flagging rising thermal coal prices and on-track FY26 production.* XRF — XRF Scientific posts revenue up 13.8% to $15.8M for the March quarter with ~$1M in unprocessed orders rolling into June.* RYM — Ryman Healthcare reports Q4 ORA sales up 10% year-on-year and FY26 free cash flow of approximately $180 million.* DGL — DGL Group shares resume trading today after suspension lifted following lodgement of its December 2025 half-year report.ASX Daily Digest · Not financial advice · Price-sensitive announcements only This is a public episode. 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