Happy Hump Day!
Keep an eye out for your inbox as we are going live with a NEW PEAK Opportunity with 1:2 listed options.
Across Markets
Australian shares are poised for a flat start after underwhelming US inflation data reinforced speculation the Federal Reserve will keep rates elevated for a period before it considers easing policy.
While markets continued to bet the Fed will be on hold Wednesday, the report does bring into question the aggressive pricing of a dovish pivot. Traders have slightly trimmed their wagers on rate cuts next year, with the first one still projected to happen in May. The figures also spurred speculation that Jerome Powell will possibly try to throw cold water on the policy-easing buoyancy.
The mixed picture in the US inflation report will probably keep the Federal Reserve on track to leave its benchmark interest rate unchanged, Matthew Cranston writes.
Following the last Fed decision, Powell reminded investors that inflation progress will “come in lumps and be bumpy.” And the fact that the consumer price index just matched estimates — and ticked up a bit — underscored the choppy nature of getting prices back in line — especially in the service sector, which the Fed has zoned in on as the last mile in its inflation fight.
Source: AFR
- Up to 8% caesium has been discovered within pollucite at Chubb’s Main Dyke
- Burley’s executive team has experience mining one of only three commercial-scale caesium mines ever developed
- High-grade lithium up to 3.9% Li2O has also been intersected
- Ongoing drilling aimed at culminating in a maiden lithium resource within six months
Special Report: While proving up the Chubb project’s lithium endowment, Burley Minerals has stumbled upon high-value pollucite intersections which are globally recognised to have the highest concentrations of caesium of any mineral.
Primary play caesium (Cs) mining operations are rare because of the scarcity of sizeable pollucite deposits – the only mineral known to contain high grades of Cs and found in very highly fractionated lithium-caesium-tantalum (LCT) pegmatites.
Naturally occurring caesium is not radioactive and is currently used as a specialty oil well fluid –caesium formate – and in a range of other high-value chemicals for specialised research projects and high-tech applications.
Only three commercial-scale deposits of pollucite have ever operated worldwide and none are currently mining pollucite.. So, when a pollucite resource is discovered, it is mined, and sold – at a rapid pace.
Progress at Chubb
Burley Minerals’ (ASX:BUR) Chubb lithium project is just 25km north of the mining community of Val-d’Or in the heart of the emerging world-class Abitibi lithium province of Québec, Canada.
Diamond drilling recently extended spodumene mineralisation within the Main Dyke more than 560m in length and 200m in depth, showing Li2O grades of up to 1.57%.
It’s nestled within the Manneville deformation corridor, which hosts Canada’s only operating lithium mine, the 58Mt @ 1.23% Li2O North America Lithium (NAL) operation jointly run by Sayona Mining (ASX:SYA) and Piedmont Lithium.
More than 12,000m has been completed since April this year as BUR continues to extend and expand the mineralised zone at Chubb Central. According to the company, the unexpected yet fortunate pollucite discovery supports ongoing drilling and overall project appreciation.
Source: Stockhead
Company: Alderan Resources (ASX:AL8)
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.005 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13 with 1:1 T92O
Today’s Price Change: $0.12 +14.29%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 Unchanged
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.005 Unchanged
Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
Deal Type: Placement
Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.019 Unchanged
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
Today’s Price Change: $0.008 +33.33%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.009 Unchanged
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 AEVO
Today’s Price Change: $0.012 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.04
Today’s Price Change: $0.059 +1.79%
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.185 +15.63%
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.007 Unchanged
Company: Estrella Resources (ASX:ESR)
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.005 +25%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.35 -4.05%
Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.028 +3.7%
Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.014 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.003 Unchanged
Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.022 -4.35%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
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