Daily Brief Australia: Essential Metals, Shui On Land, Alkane Resources and more

• On the 9th Jan, lithium player Essential Metals (ESS AU) entered into a Scheme with Tianqi Lithium JV, comprising Tianqi Lithium (9696 HK) (51%) and IGO Ltd (IGO AU) (49%). 
• Shortly before the 20 April Scheme Meeting, Mineral Resources (MIN AU) announced a 19.55% stake. 
• A Scheme failure was expected. And 68.47% voted against the transaction. The question is – now what? 

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.

In this Insight:

1. Vedanta Resources
2. Yankuang Energy Group
3. Alam Sutera Realty
4. Guangzhou R&F Properties
5. Fosun International

and more…

Alkane continues to increase its production guidance, indicating confidence in a strong close to FY23, from 62,000–70,000oz to 65,000-73,000oz. It also lowered its expected unit costs to an AISC of A$1,550–1,700/oz, from previous guidance of A$1,550–1,800/oz. These updates follow confirmation of Q323 gold production of 16,641oz and a total for the year to date of 54,431oz, at an AISC of A$1,446/oz.