Genesis Energy Ltd (ASX: GNE)
Genesis Energy Ltd (ASX: GNE) Huntly site demonstrated significant adaptability during the third quarter of FY25, capable of adjusting daily output by approximately 1,000MW to address variations in renewable sources. The return of Huntly Unit 2 in March, along with scheduled recommissioning of Unit 1 in June, will ensure three Rankine generators are ready for peak winter needs. The coal reserve reached 474kt by quarter-end, with another 735kt en route by late August and potential for an additional 35kt. Distributed energy achieved record supply levels in January, now contributing 5% of total electricity output.
Progress continued on securing longer-term energy stability, including talks to extend a third Rankine unit’s lifespan to 2035 and establish a coal reserve for dry years. Agreements for geothermal and solar output from Tauhara and Lauriston began generating 229 GWh through PPAs. Initial site preparation for the Huntly battery storage project (100MW/200MWh) was completed with construction imminent. Rooftop solar uptake rose to 30,000 households, while customer-focused trials such as hot water management and energy-efficient lighting saw wide participation. Frank, a fully electric retail service, became a cornerstone of the streamlined retail portfolio.
Energy sales profitability improved by electricity netback rising 8.7%, and gas and LPG margins up 43.5% and 10.7%, respectively. Annual EBITDAF is forecast at around $460 million, shaped by fuel market shifts and dry weather. Investment is planned between $130 million and $140 million, with adjustments to maintain financial discipline.
Greentech Metals Ltd (ASX: GRE)
GreenTech Metals Limited (ASX: GRE) advanced drilling at its Whundo Cu-Zn project in the West Pilbara, targeting key conductors at Austin and Shelby, during the March 2025 quarter. The 1,187m program returned promising intercepts: Austin delivered 7.14m at 1.46% Cu, 1.23% Zn, and 0.08g/t Au, while Shelby yielded 9.94m at 1.32% Cu and 0.18g/t Au. Down-hole electromagnetic surveys confirmed continuation of these mineralised zones, validating the potential for deeper resource extensions. Planning is underway for a follow-up campaign to test additional targets at Ayshia, Yannery, and deeper sections of Austin and Shelby. A core hole is also scheduled at Whundo for metallurgical analysis, supporting a conceptual mine study assessing near-term production using potential processing routes like Artemis’s Radio Hill facility.
GreenTech and Artemis Resources finalised an agreement to combine lithium mineral rights into a joint venture entity named Andover Lithium Pty Ltd, creating the largest lithium-focused exploration package in the West Pilbara at 420km². This combined landholding lies along the Karratha-Roebourne corridor, near Azure Minerals' major discovery. Approved exploration programs and completed heritage clearances will enable drilling at targets like Kobe South, aimed at uncovering lithium-rich pegmatite bodies. This strategic move enhances potential to attract external capital, streamlining lithium-focused exploration.
GreenTech ended the quarter with $1.3 million in cash, supplemented by a $1.5 million capital raise in early January. While the copper exploration remains the primary focus due to strong commodity pricing, management also sees substantial long-term value in its lithium holdings. The company is actively progressing both development and exploration pathways across its diverse Pilbara portfolio.
Source - company's report
Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.
