Thank you to those who attended our Grand Prix inspired Resources Lunch on Friday, 6 March! It was great to see such a strong turnout and have the opportunity to catch up with many of you in person.
We appreciate you taking the time to join us and look forward to seeing you again at the next one!
See ‘pic of the day’ below for more
Across Markets…
The Australian sharemarket bounced back from a $90 billion Monday sell-off after oil prices fell below US$100 and US President Donald Trump suggested the Iran conflict could be winding down.
The S&P/ASX 200 Index rose 1.1 per cent, or 93.60 points, to 8692.60, restoring $34 billion to the benchmark’s market capitalisation after its biggest one-day drop in a year.
Gains were capped by lower US futures, oil’s intraday rebound, and a Bank of America forecast that the RBA could raise rates next week due to Middle East risks, leaving Tuesday’s close well below the day’s peak of 8750.90.
Oil prices dropped by as much as 10 per cent before clawing back some losses to be off by 4.6 per cent to $US94.37 per barrel at the close. It comes after it surged by as much as 30 per cent on Monday to almost $US120 per barrel in a volatile session.
Market sentiment improved after Trump told CBS the military operation was “very complete, pretty much” and “very far” ahead of its initial four- to five-week schedule.
VanEck deputy head of investments Jamie Hannah said markets were treating the spike in oil as temporary but cautioned that the disruption could last longer.
“The market sees Middle East tensions and thinks ‘short-term oil spike’. That may be too narrow a view this time around. Rather than a transitory shock, we may be entering a situation that lasts months,” he said.
“Supply of crude oil and LNG will be disrupted, perhaps for a meaningful period. The implications extend beyond headline risk and into the structural functioning of the energy ecosystem.”
Source: AFR
BPM Minerals Kicks Off Major 7,500m Gold Drilling at Forelands Project
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7,500m RC drilling underway at Beachcomber targeting extensions and anomalies.
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Maiden RC drilling planned for Bonnie & Clyde in Q3 2026.
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A$3.5M raised to fund accelerated exploration at Forelands.
BPM Minerals (ASX: BPM) is embarking on an aggressive exploration push at its Forelands Gold Project, launching a 7,500m reverse circulation (RC) drilling campaign at Beachcomber and advancing multiple targets.
The program aims to test down-dip extensions of the high-grade Main Beachcomber Lode.
Previous results from the Main Beachcomber Lode include 3 metres at 65.8 grams per tonne gold from 25m, 9m at 7.77 g/t Au from 75m, 6m at 6.72 g/t Au from 28m, and 9.7m at 4.5 g/t Au from 88.8m.
The program will also target newly identified soil anomalies, including the 700m long Beachcomber NW prospect.
Bonnie & Clyde Advances to Drilling
The company also plans maiden drilling at the Bonnie & Clyde prospect in Q3 2026, signalling a focused effort on resource definition along with the progression of heritage surveys and Program of Work approvals.
The Bonnie & Clyde exploration license (E28/3543) has been granted, clearing the way for exploration activities.
Approximately 2,000 soil samples are currently underway to define drill targets for a planned 50-hole RC program in Q3 2026.
The company has a strong pipeline of exploration targets for testing across more than 75km of mineralised “Yellow Dam” structure.
This includes Ambrosia (8m @ 1.15 g/t Au), Sidecar (10m @ 1.0 g/t Au), and Brass Monkey (6m @ 0.56 g/t Au), along with additional targets and more than 40 historical drill holes with 1g/t or more.
District-Scale Project With Supportive Geology
The Forelands Gold Project spans approximately 630 km2 along the Albany Fraser margin, exhibiting a Tropicana-style geological setting.
An airborne magnetic survey is scheduled for late March 2026 to aid geological interpretation and targeting across the project, including Beachcomber and Bonnie & Clyde.
The company highlights its readiness and funding strength to move aggressively and advance exploration across multiple high-priority targets in 2026.
BPM Minerals recently completed an A$3.5 million placement in February 2026 that was anchored by Terra Capital and Tribeca.
Proceeds from the placement are earmarked to accelerate exploration at Forelands, including follow-up drilling at Beachcomber and preparation for Bonnie & Clyde.
Source: SmallCaps
Company: Fin Resources Ltd (ASX:FIN)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.0065
Performance Since Entry: +115%
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: +386%
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: +324%
Company: Locksley Resources Ltd (ASX:LKY)
Sector: REE & Antimony/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Price Performance Since Entry: +325%
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: +163%
Company: Tambourah Metals Ltd (ASX:TMB)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Price Performance Since Entry: +40%
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: +27%
Company: Neuren Pharmaceuticals Ltd (ASX:NEU)
Sector: Biotech
Deal Type: On-market purchase
Latest Entry Price: $1.20 – $1.50
Price Performance Since Entry: +1,155%
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: +369%
Sector: Blockchain
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.02 with 1:1 option $0.08 strike
Price Performance Since Entry: +20%
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: +220%
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.09 with 1:2 PL3O
Price Performance Since Entry: +22%
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%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak accepts no responsibility for any views expressed and marketing material contained in this email except where the message specifically states otherwise and the sender is authorised to state them to be the views of Peak. Information provided in this email is general advise only and does take account your objectives, financial situation or needs. Before acting on any advice in this email, Peak recommends that you consider whether it is appropriate for your circumstances. If this email contains reference to any financial products, you should obtain the current Product Disclosure Statement (PDS) or other disclosure documents for the particular products and consider this information before making any decisions regarding the products. The Financial Services Guide (FSG) can be found at www.peakassetmanagement.com.au or by telephoning Peak on 1300 304 460
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