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Across Markets…
The Australian sharemarket climbed for a second day on Thursday as ANZ delivered its best session in nearly six years after reporting a $1.94 billion first-quarter cash profit that smashed market expectations.
The S&P/ASX 200 Index finished up 28.7 points, or 0.3 per cent, to 9043.5 after briefly climbing above its record close that was set in October. But heavy selling of software stocks in the afternoon session pared some of the gains, with just four of the 11 sectors finishing higher.
Financials rallied for a second consecutive session as ANZ jumped 8.5 per cent to a record $40.35 as the pace of restructuring by chief executive Nuno Matos took the market by surprise. ANZ’s cash profit for its first quarter rose 6 per cent, driven by cost savings from thousands of staff layoffs.
‘Razor thin’ margins
Commonwealth Bank rose a further 5.4 per cent to $178.74 after its results on Wednesday sent the shares up the most in a single session since 2020. Westpac added 1.8 per cent to $41, and National Australia Bank by 2.3 per cent to $46.54.
One outlier was AMP, which sank 26.7 per cent to $1.28 – its biggest intraday drop since 2003, after missing expectations. Investors were left disappointed by the lack of a share buyback or any other capital return in Alexis George’s final results as chief executive.
Global X ETFs investment strategist Marc Jocum said the market was unforgiving at the stock level, with companies that delivered beats rewarded with sharp gains while those that missed severely punished.
“The index may be hitting record highs, but the most recent earnings season has been a minefield for investors running individual concentrated bets,” he said. “It’s a sharp reminder that the margin for error is razor-thin.”
Australian software and data stocks finished in the red, tracking a slump in US peers on renewed fears about disruption from artificial intelligence.
Source: AFR
Middle Island Resources Uncovers Large-Scale Silver-Lead-Zinc-Antimony Targets at Tisovik, Serbia
Middle Island Resources (ASX: MDI) has unveiled significant, large-scale polymetallic targets at its Tisovik prospect in Serbia, underscoring an aggressive exploration strategy that is rapidly expanding the company’s geological potential in the region.
The announcement details extensive soil sampling results defining a 5km strike length of silver-lead-zinc-antimony anomalies, with further exploration planned.
Tisovik: 5km Polymetallic Target Defined
Expanded soil sampling at Tisovik, part of the company’s Bobija Project, has defined broad and coherent silver-lead-zinc-antimony anomalies.
These anomalies extend across an impressive 5km strike length, identifying multiple targets including Tisovik, Crvene Stene, and Kozila.
The latest program involved 243 soil samples, with peak assays revealing 7.1 g/t Ag, 4,685 ppm Pb, 969 ppm Zn, and 1,049 ppm Sb.
Crucially, these anomalies remain open, particularly to the north where previously untested limestone units exist.
This area represents a 10 km2 untested zone targeted for future work.
The polymetallic potential of Tisovik is further supported by historical high-grade lead mining, which previously yielded intersections such as 4m at 62.4% Pb.
Aggressive March 2026 Exploration Plan
The company is gearing up for a substantial exploration push, with further northward soil sampling and follow-up exploration slated for March 2026.
This next phase will include gravity surveys, trenching, and drilling across the expanded target areas.
To support this intensified activity, Middle Island Resources is already expanding its field team in Serbia.
The broader exploration efforts will also see drilling at the Bobija Project resume.
Bobija Project Context
The Tisovik prospect is a key component of Middle Island Resources‘ broader Bobija Project located in Serbia.
Previous exploration at Bobija has already delivered promising results.
Maiden reverse circulation (RC) drilling in earlier programs, as reported in the Quarterly Activities Report & Cashflow (January 2026), revealed thick, high-grade gold-silver-copper-lead-zinc intercepts.
Channel sampling at Bobija also identified notable high-grade zones, reinforcing the project’s overall prospectivity.
Specifically, prior soil sampling at Tisovik had already indicated substantial lead and zinc anomalism, with peak lead at 2733 ppm and zinc at 899 ppm, which has now been significantly expanded upon.
Source: SmallCaps
Company: Fin Resources Ltd (ASX:FIN)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.0065
Performance Since Entry: +115.38%
Company: Locksley Resources Ltd (ASX:LKY)
Sector: REE & Antimony/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Price Performance Since Entry: +325.00%
Company: CuFe Ltd (ASX:CUF)
Sector: Copper/Mining
Deal Type: Placement
Latest Entry Price: $0.016 with 1:2 option, strike $0.025
Price Performance Since Entry: +212.50%
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
Price Performance Since Entry: +388.00%
Company: Tambourah Metals Ltd (ASX:TMB)=
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Price Performance Since Entry: +37.50%
Company: Biotron Ltd (ASX:BIT)
Sector: Biotech
Deal Type: Placement
Latest Entry Price: $0.003 with 1:2 option, strike $0.02
Price Performance Since Entry: 0%
Company: Eclipse Metals Ltd (ASX:EPM)
Sector: REE
Deal Type: Placement
Latest Entry Price: $0.015
Price Performance Since Entry: +46.67%
Company: Neuren Pharmaceuticals Ltd (ASX:NEU)
Sector: Biotech
Deal Type: On-market purchase
Latest Entry Price: $1.20 – $1.50
Price Performance Since Entry: +1,231%
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
Price Performance Since Entry: $0.505 +531%
Sector: Blockchain
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.02 with 1:1 option $0.08 strike
Price Performance Since Entry: +45%
Company: Critica Limited (ASX:CRI)
Sector: REE
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.0075 with a 1:1 CRIO
Price Performance Since Entry: +273.33%
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.09 with 1:2 PL3O
Price Performance Since Entry: +55.56%
Sector: Gold/Mining
Deal Type: Placement
Raise Amount: $2.3M
Latest Entry Price: $0.026 with 1:2 option $0.032 strike
Price Performance Since Entry: +65.38%
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