Hope you’re all feeling refreshed and enjoyed the Easter weekend!
Market Highlights
ASX 200 futures are pointing up 5 points or 0.1 per cent to 8614.
All US prices near 5.10pm New York time.
- AUD –0.01% to US69.17¢
- Bitcoin +3.3% to $US69,730
- On Wall St: Dow +0.3% S&P +0.4% Nasdaq +0.5%
- VIX +0.30 to 24.17
- Gold -0.6% to $US4649.85 an ounce
- Brent oil +0.5% to $US109.58 a barrel
- Iron ore +1.1% to $US106.70 a tonne
- 10-year yield: US 4.33% Australia 5.03%
Across Markets
Australian share futures are pointing to a modest opening advance. Shares closed higher in New York as oil pared an earlier advance above $US110 a barrel despite heightening rhetoric between the US and Iran.
ASX 200 futures were up 5 points or 0.1 per cent to 8614. The S&P 500 closed 0.4 per cent higher.
US military planners are preparing a list of new targets to hit in Iran as President Donald Trump’s self-imposed Tuesday (Wednesday AEST) deadline for the Strait of Hormuz to be reopened nears.
During a press conference at the White House, Trump threatened to decimate Iran if the ruling regime did not capitulate to his demands. “The entire country could be taken out in one night. And that night might be tomorrow night.”
“We think there is good value in the stock market at current levels,” Yardeni Research said in a note. “The forward P/E of the S&P 500 peaked last year at 23.0 on October 27. It fell 17.8 per cent to 18.9 through Monday of last week. Over that same period, S&P 500 forward earnings rose 12.7 per cent, reaching record-high territory.
“The valuation multiple initially dropped due to concerns about AI companies’ profitability, then fell more quickly amid fears that the war would trigger a global recession. However, industry analysts didn’t blink and continued to raise their collective earnings outlook.”
Source: AFR
Heavy Rare Earths aiming to unlock SA’s critical minerals potential
Last year marked a period of transition for Melbourne-based explorer Heavy Rare Earths (ASX:HRE).
The company assembled a new portfolio of critical minerals projects in South Australia’s Curnamona Province.
Chartered accountant and corporate consultant Gabriel Chiappini joined the board, first as a director and then became chairman. Meanwhile, former Warriedar Resources directors Dr Amanda Buckingham and Graeme Morrissey joined the board following Warriedar’s acquisition by Capricorn Metals (ASX:CMM).
Now that the restructure is complete, Chiappini said 2026 was all about exploration.
HRE’s main focus is Prospect Hill, which it has described as SA’s largest known and most advanced tin project.
The project covers 75 square kilometres of ground on the north-western margin of the Curnamona Craton.
HRE acquired 80% of the project from Havilah Resources (ASX:HAV) last year, with the acquisition including a database of 71 reverse circulation holes, 19 percussion holes, 40 trenches and numerous soil, stream and rock samples over six main tin prospects.
The most advanced prospect is South Ridge, where previous drilling has outlined steep-dipping tin mineralisation over 500m of strike and up to 120m depth and remains open down-dip and along strike.
Previous drilling has returned 3m at 4.85% tin from 44m; 5m at 3.32% tin from 84m; and 6m at 2.33% tin from 14m.
While off its February highs of +US$57,000/t, at over US$46,000/t tin is sitting close to record levels as experts tip major supply shortages in the years to come.
Drilling to kick off
HRE is preparing to kick off a 2500m drilling program, which Chiappini said should lead to a maiden resource.
“Our main drilling thesis here is really to extend the mineralisation below the current drill holes, which (were) quite shallow,” he said during a webinar last week.
“The previous owners drilled not further than, say, 80-90m. It is open at depth, and we plan to drill beyond that previous drill hole length, together with drilling along strike.”
Chiappini said the aim was to define a resource of 500,000 tonnes to 1Mt grading 1-2% tin.
Previous drilling also showed the project is prospective for silver and base metals, with results of 1m at 282 grams per tonne silver, 1.87% copper, 3.48% zinc, 3.16% lead and 2.9% tin.
“They’re not our main prospects, but obviously, if we’re able to get some credits as a result of that, we’ll expand the program,” Chiappini said.
To read more, click here
Source: Stockhead
Company: Fin Resources Ltd (ASX:FIN)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.0065
Performance Since Entry: +69%
Company: Eden Innovations Ltd (ASX:EDE)
Sector: Construction/Clean Energy
Deal Type: Shortfall
Latest Entry Price: $0.035 with 1:2 option, strike $0.07
Price Performance Since Entry: +214%
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: +228%
Company: Locksley Resources Ltd (ASX:LKY)
Sector: REE & Antimony/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Price Performance Since Entry: +313%
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: +144%
Company: Tambourah Metals Ltd (ASX:TMB)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Price Performance Since Entry: +25%
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: -33%
Company: Eclipse Metals Ltd (ASX:EPM)
Sector: REE
Deal Type: Placement
Latest Entry Price: $0.015
Price Performance Since Entry: +20%
Company: Neuren Pharmaceuticals Ltd (ASX:NEU)
Sector: Biotech
Deal Type: On-market purchase
Latest Entry Price: $1.20 – $1.50
Price Performance Since Entry: +1,083%
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: +300%
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
Price Performance Since Entry: -15%
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: +207%
Company: Patagonia Lithium Ltd (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.09 with 1:2 PL3O
Price Performance Since Entry: +94%
Company: Kalgoorlie Gold Mining Ltd (ASX:KAL)
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: +58%
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