A3D, CRN and LRS: Three ASX Shares Defy Market Trend on Thursday

July 25, 2024 03:07 PM AEST | By Team Kalkine Media

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A3D, CRN and LRS: Three ASX Shares Defy Market Trend on Thursday — Image source: Phongphan

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Aurora Labs Ltd (ASX: A3D) Soars on Test Flight Success

Aurora Labs’ share price has surged 3.23% to 9.6 cents amid a challenging day for the market. The rise comes after the company announced the successful maiden aerial test flight of its 200 Class micro gas turbine in regional Western Australia. The test aimed to validate the performance of the company’s in-house 3D printed engine, which delivered 22kg of thrust at full throttle. CEO Rebekah Letheby highlighted the milestone, noting that the achievement reinforces Aurora Labs’ position at the cutting edge of micro gas turbine technology.

Coronado Global Resources Inc (ASX: CRN) Rises on Strong Quarterly Performance

Coronado Global Resources’ share price has climbed over 5.76% to AU$1.32 following a robust quarterly update. The coal miner reported a notable increase in group ROM coal production, which rose by 23.8% to 7.4 million tonnes (Mt), and group saleable production, which increased by 21.5% to 4.1 Mt. Additionally, the company saw a 27.5% reduction in mining costs per tonne sold, which dropped to US$91.10. The strong performance has led Coronado to reaffirm its FY 2024 guidance, boosting investor confidence.

Latin Resources Ltd (ASX: LRS) Gains on Promising Lithium Drilling Results

Latin Resources’ share price has edged up 1.33% to 15.3 cents following an encouraging update on its Planalto Prospect exploration drilling program at the Salinas Lithium Project in Brazil. The latest drilling results have confirmed a thick, high-grade core of mineralization that extends both down dip and up-plunge to the south-west, bolstering the company’s outlook and investor interest in its lithium assets.

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