Pic: DKosig / iStock / Getty Images Plus via Getty Images
The ASX200 – down 0.2% at the close – was tracking happily enough this morning, through volatile global conditions and seemed intent on nabbing an eighth-straight positive close. That’s looking less of a lock-in despite the top 200 index hitting a three-month high led by the big miners and energy names.
Then came word and/or rumour of the US President Joe Biden’s plan to release a good whack of the American strategic oil reserves – leading to a sudden dip in oil prices.
That doesn’t bother a little battler like the Emerging Companies (XEC) index, which is up 0.5%. And while it’s down over 2% for the year to date, the small caps index is up over 37% on this time last year.
With iron ore futures cracking the psychological (ie: my God that’s expensive) US$150 mark in Dalian, the commodity sensitive Aussie dollar is steady above 75 US cents.
(Stocks highlighted in yellow rose after making announcements during the trading day).
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Golden assays for Siren Gold (ASX:SNG) are back from the lads in the lab revealing a 2.5m mineralised interval grading 358.2g/t, starring a gorgeous 60cm chunk grading 1,460g/t gold.
SNG says, the intersection, from the deepest hole ever drilled at the ‘Alexander River’ project, is comparable to drillhole intersections in the very high-grade Swan Zone at Fosterville .
The $36m market cap stock is up over 40%.
And I suppose someone should point out that the value of Tempest Minerals (ASX:TEM) shares has gone ionospheric – up well over five-fold since sharing news if its rather significant copper discovery. That was Monday.
The first 709m-long hole of a two-hole diamond drilling program at ‘Orion’ — part of the flagship ‘Meleya’ project in WA — pulled up three mineralised copper sections:
‘To end of hole’ means the third mineralised zone probably keeps going at depth.
TEM boss Don Smith called the outcome ‘spectacular.’ It was the right word.
Hot Chili’s (ASX:HCH) has reinforced its Costa Fuego copper-gold hub’s position as a top tier development project after upgrading its higher confidence Indicated Resource by a massive 67%.
The project developer’s plans are coming together in a spectacular fashion, as it reports an upgraded Costa Fuego now features an Indicated Resource of 725 million tonnes with grading 0.47% copper equivalent, or contained resources totalling 2.8Mt of copper, 2.6Moz of gold, 10.5Moz of silver and 67,000t of molybdenum.
The news comes on the back of a key offtake agreement that will see Glencore buy 60% of the project’s copper concentrate production for an eight-year period at “arm’s-length commercially-competitive” terms.
InteliCare Holdings (ASX:ICR) is up in double-digit territory. The aged care tech firm has opened up an entirely new and wonderful vertical – entering the super-popular wearables market through a new global partnership with a Canadian digital health set up called Persona Informatics.
The partnership will see InteliCare instantly sync its tech with more than 60 TGA (US Therapeutic Goods Association ) and FDA (US Food and Drug Administration) approved devices and it’s the big name brands like FitBit, Garmin and iHealth.
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
Flynn Gold (ASX:FG1) has announced its started phase 2 diamond drilling at the Grand Flaneur prospect, Portland Gold Project in Tasmania.
Drilling will test structural targets identified from previous drilling along the high priority Grand Flaneur – Blue Bell trend, where previously drilling has intersected anomalous gold over a 1.5km strike length, including: GFDD004: 1.4m @ 9.66 g/t Au from 45.6m, including 0.6m @ 20.3 g/t Au from 45.6m, GFDD002: 0.5m @ 12.75 g/t Au from 18.4m and BBRC16:[email protected]/tAu from 46.0m.
Forestry management and woodfibre exporters Midway (ASX:MWY) has announced its sold several plantation properties around Wandong, 50km north of Melbourne on the Hume Highway to an investor for $17 million.
The company said as part of the sale agreement, Midway has entered into a forestry right for the tree crop located on the properties. The agreement secures Midway’s interest in the tree crop and will allow the company to harvest the trees at a future date once they have reached optimal size.
Surefire Resources (ASX:SRN) has announced it is encouraged by the increased global commodity price of vanadium and considers the company is now well positioned to further develop and monetise its Victory Bore-Unaly Hill Vandium Project in Western Australia.
Victory Bore / Unaly Hill has Inferred Resources of vanadium of 237Mt @ 0.43% vanadium pentoxide (V2O5), 24.9% Fe, and 5.9% TiO2. Additional vanadium exploration target identified at Victory Bore include 150Mt – 200Mt @ 0.4% – 0.7% V2O5, 22% – 40% Fe, 6% – 8% TiO2.
NeuRizer Ltd (ASX: NRZ) – trading halt, pending an announcement in relation to the NeuRizer Urea Project
Cannindah Resources Limited (ASX: CAE) – trading halt, pending a potential capital raising
Tennant Minerals Limited (ASX:TMS) – trading halt, pending a potential capital raising
Paladin Energy Ltd (ASX:PDN) – trading halt, pending a potential capital raising
Zenith Minerals Limited (ASX:ZNC) – trading halt, pending a potential capital raising
Buxton Resources Limited (ASX:BUX) – trading halt, pending a potential capital raising
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September 23, 2022
September 23, 2022
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