The S&P/ASX 200 Index (ASX: XJO) is having a subdued session on Tuesday. In afternoon trade, the benchmark index is down slightly to 8,201.9 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
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DroneShield Ltd (ASX: DRO)
The DroneShield share price is up 4.5% to $1.39. This morning, this counterdrone technology company announced that it has received a repeat order worth $13.5 million from a U.S. Government customer. This contract is for a number of its dismounted Counter-UxS (C-UxS) systems. DroneShield revealed that it expects to deliver these items in full this quarter. DroneShield's US CEO, Matt McCrann, commented: "Providing solutions that deliver a decisive advantage to our end users is what we strive for – the speed and scale at which we can now deliver, speaks volumes of our team members and their commitment to our customer and their mission."
Lotus Resources Ltd (ASX: LOT)
The Lotus Resources share price is up 3% to 26.7 cents. This follows the announcement of an accelerated restart plan for its Kayelekera Project in Malawi. The company made the decision after completing of front-end engineering and design (FEED). Lotus is now moving into detailed engineering and onsite works for Kayelekera's restart to ensure it achieves its strategic objective of becoming the next significant global uranium producer in the third quarter of 2025.
West African Resources Ltd (ASX: WAF)
The West African Resources share price is up 10% to $1.48. This morning, the gold miner revealed that it has been in touch with the Burkina Faso government about its mining permits. It revealed that the "President's comments with respect to the potential withdrawal of mining permits were directed to those companies operating in violation of the laws of Burkina Faso." Companies operating in compliance with the laws, such as West African Resources, will not have their mining permits withdrawn or revoked. It also notes that "officials from the Ministry of Mines and Quarries confirmed that of none WAF's mining permits are under review and all of them remain in good standing."
Wildcat Resources Ltd (ASX: WC8)
The Wildcat Resources share price is up 7% to 33.7 cents. This follows news that the lithium explorer has delivered further high-grade lithium results from multiple pegmatites. It believes this highlights the growing potential of the project, which is near Port Hedland in the Pilbara region of Western Australia. Management notes that results from drilling continue to demonstrate thick, high grades at the Leia Pegmatite and have extended the Luke Pegmatite in the south.
