The S&P/ASX 200 Index (ASX: XJO) is back on form and pushing higher on Tuesday. In afternoon trade, the benchmark index is up 0.4% to 7,682.7 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
Catalyst Metals Ltd (ASX: CYL)
The Catalyst Metals share price is up 4% to $1.84. This morning the company released updated mineral resource estimates for the K2 and Plutonic East underground mines. Catalyst's CEO, James Champion de Crespigny, said: "Catalyst is rapidly progressing developments across the Plutonic Gold Belt. Our strong balance sheet, supported by stable operations will allow us to prudently bring developments into production and utilise the excess mill capacity at Plutonic. The updated Resources at K2 and Plutonic East will form the basis of Catalyst's development and mine planning. They are an important step towards taking these projects into production."
Goodman Group (ASX: GMG)
The Goodman Group share price is up 3% to $33.03. This morning, analysts at Citi reaffirmed their buy rating and $40.00 price target on this industrial property company's shares. Citi is confident that Goodman will deliver more strong growth in FY 2025. Though, it reminds investors that management has a habit of under promising and over delivering. So, this should be taken into account if Goodman releases softer than expected guidance with its full year results this month.
Liontown Resources Ltd (ASX: LTR)
The Liontown Resources share price is up over 3% to 90 cents. This morning, Liontown revealed that it has achieved additional production milestones at the Kathleen Valley Lithium Project in Western Australia. These are the first underground development ore mined and the first spodumene concentrate delivered to port. This closely follows last week's milestone of the achievement of first production through the entire Kathleen Valley value chain.
Nextdc Ltd (ASX: NXT)
The Nextdc share price is up 1.5% to $15.90. This follows the release of an update from the data centre operator this morning. NextDC advised that following recent customer wins, its contracted utilisation has increased by 23.6MW or 16% since 31 December to 172.6MW. NEXTDC's NSW/ACT data centre region has benefited the most from the increased contracted utilisation and is now at 20% of total planned capacity.
