Very sunny weekend down here in Melbourne!
Australian shares are set to be swept up in a relief rally on Monday, but investors are still bracing for heightened volatility as the reporting season ramps up this week with results from blue chips including CSL, Commonwealth Bank and James Hardie.
Market highlights
ASX 200 futures are pointing up 102 points or 1.2 per cent to 8749.
All US prices near 4.45pm New York time.
- AUD +1.4% to US70.21¢
- Bitcoin +10.5% to $US70,228
- On Wall St: Dow +2.5% S&P +2% Nasdaq +2.2%
- VIX -4.01 to 17.76
- Gold +3.9% to $US4963.65 an ounce
- Brent oil +0.6% to $US67.93 a barrel
- Iron ore -1.6% to $US99.00 a tonne
- 10-year yield: US 4.20% Australia 4.82%
Across Markets…
Futures indicate the S&P/ASX 200 will gain 1.2 per cent, or 102 points, at the opening bell on Monday as investors rush to buy the dip following the sharemarket’s 2 per cent plunge on Friday – the worst session since US President Donald Trump’s “liberation day” tariffs in April last year.
The local sharemarket will take a strong lead from Wall Street where beaten-down technology stocks recovered on Friday, led by an 8 per cent surge in chipmaker Nvidia. The S&P 500 and Nasdaq both jumped about 2 per cent, while the Dow Jones Industrial Average hit a record.
Fund managers remain cautious given Australian reporting seasons are becoming more turbulent. The August period was the most volatile on record as the average stock under Morningstar’s coverage moved 6 per cent on results day and about a quarter swung more than 10 per cent.
Source: AFR
Rapid Critical Metals tallies up more bonanza silver hits at Webbs
- Strong results from final six diamond holes, reinforcing continuity and high-grade of mineralisation
- Grades up to 4216g/t silver equivalent over 0.59m with multiple results above 195g/t
- Mineralisation remains open along strike and at depth
- Drilling reveals multiple results in excess of 1,000g/t silver and is just the beginning of unlocking the ore body’s full potential as more drilling is planned
Special Report: The Webbs silver project in northern NSW is lighting up like a disco ball, producing dazzling silver hits in the latest round of diamond drilling.
Rapid Critical Metals (ASX:RCM) said the fresh silver hits came from mineralised structures parallel to the existing Main Lode system, a promising indication of the project’s potential scale.
The best result from the latest batch of assays was 2.5m at 1075g/t silver equivalent from 39.5m, containing 0.59m at 4216 g/t AgEq.
Other results included:
- 4.49m at 195g/t AgEq from 39.5m, including 1m at 754g/t; and
- 1.85m at 453g/t AgEq from 132.5m
RCM managing director Byron Miles said the latest results demonstrated the strength and continuity of high-grade silver mineralisation at Webbs.
“The confirmation of multiple bonanza-grade intercepts from newly reported drill holes is particularly encouraging and supports our view that the Webbs system hosts additional mineralised structures beyond the main lodes,” he said.
“With mineralisation remaining open and a strong pipeline of follow-up targets identified, we are well positioned to continue systematic exploration as part of our planned 2026 drilling program.”
2026 exploration program
While fresh geological interpretations are still in early stages, RCM is keen to determine the geometry, continuity and scale of the new silver structures with more drilling.
The new areas of parallel silver mineralisation are open to further exploration along strike and at depth, with strong potential exploration upside.
Looking ahead, Rapid Critical Metals intends to:
- Complete follow-up drilling to test parallel lodes and extensions to Webbs silver mineralisation;
- Complete ongoing resource growth and discovery drilling across the Webbs-Webbs Consul corridor; and
- Integrate new drilling results into updated geological and resource models.
Source: Stockhead
Company: Fin Resources Ltd (ASX:FIN)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.0065
Today’s Price Change: $0.013 Unchanged
Company: Locksley Resources Ltd (ASX:LKY)
Sector: REE & Antimony/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Today’s Price Change: $0.165 -6.06%
Company: CuFe Ltd (ASX:CUF)
Sector: Copper/Mining
Deal Type: Placement
Latest Entry Price: $0.016 with 1:2 option, strike $0.025
Today’s Price Change: $0.046 +2.22%
Company: Tasman Resources Ltd (ASX:TAS)
Sector: Gold/Silver/Mining
Deal Type: Placement
Latest Entry Price: $0.0125 with 1:2 option, strike $0.02
Today’s Price Change: $0.039 Unchanged
Company: Tambourah Metals Ltd (ASX:TMB)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Today’s Price Change: $0.056 -1.75%
Company: Biotron Ltd (ASX:BIT)
Sector: Biotech
Deal Type: Placement
Latest Entry Price: $0.003 with 1:2 option, strike $0.02
Today’s Price Change: $0.0035 +16.67%
Company: Eclipse Metals Ltd (ASX:EPM)
Sector: REE
Deal Type: Placement
Latest Entry Price: $0.015
Today’s Price Change: $0.021 -8.7%
Company: Neuren Pharmaceuticals Ltd (ASX:NEU)
Sector: Biotech
Deal Type: On-market purchase
Latest Entry Price: $1.20 – $1.50
Today’s Price Change: $12.52 -5.15%
Company: Dimerix Ltd (ASX:DXB)
Sector: Biotech
Deal Type: Rights Issue
Raise Amount: $800,000
Latest Entry Price: $0.08 with 1:1 option, strike $0.126
Today’s Price Change: $0.490 -4.85%
Company: Noviqtech Ltd (ASX:NVQ)
Sector: Blockchain
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.02 with 1:1 option $0.08 strike
Today’s Price Change: $0.025 Unchanged
Company: Critica Limited (ASX:CRI)
Sector: REE
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.0075 with a 1:1 CRIO
Today’s Price Change: $0.027 -3.57%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.09 with 1:2 PL3O
Today’s Price Change: $0.11 +10%
Company: WhiteHawk Ltd. (ASX:WHK)
Sector: Cybersecurity & AI
Deal Type: Placement
Raise Amount: $1.7M
Latest Entry Price: $0.01 with 1:3 option $0.02 strike
Today’s Price Change: $0.007 Unchanged
Company: Kalgoorlie Gold Mining Limited. (ASX:KAL)
Sector: Gold/Mining
Deal Type: Placement
Raise Amount: $2.3M
Latest Entry Price: $0.026 with 1:2 option $0.032 strike
Today’s Price Change: $0.044 -4.35%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
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