How was your weekend?
Festivities are well underway, a notable increase in nightlife and city goers over the weekend!
Across Markets…
The Australian sharemarket ended Monday’s session largely where it began, as metals and oil stocks played tug-of-war with the index.
The S&P/ASX 200 ended the session just 4 points higher at 7199. The All Ordinaries was similarly unmoved.
The benchmark was as much as 30 points higher during the session, before losses in the materials sector pared back the index’s gains.
Mining stocks ended the day the worst performing, down 0.6 per cent, with gold miners among the worst hit. The price of the precious metal slipped back below $US2000 during trading on Monday, adding to losses posted after the ASX closed on Friday.
Analysts at ANZ pointed to strong jobs data out of the US late last week as the catalyst for the fall in the price of gold.
″The unexpected strength in the labour market sent Treasury yields climbing, diminishing investors’ appetite for the precious metal,″ they said in a note on Monday.
Gold producers followed the metal’s price lower. Newmont fell 1.2 per cent to $59.00, Bellevue Gold dipped 7.7 per cent to $1.68 and Northern Star Resources dropped 2.1 per cent to $12.34. Lithium stocks also weighed on the sector. Pilbara Minerals dipped 3 per cent to $3.60, IGO dipped 2 per cent to $8.02 and Mineral Resources fell 1.1 per cent to $61.81.
Meanwhile, iron ore miners Fortescue and Rio Tinto held near multi-year highs, despite the price of the commodity falling back from 10-month highs reached last week.
Source: AFR
- Belararox’s mapping identifies priority targets at the TMT project in Argentina
- Notable discovery of outcrop with copper-bearing, porphyry-style veining at Toro North
- Upcoming drone survey to delineate quartz-magnetite veins contain chalcopyrite mineralisation
Special Report: Geological mapping and sampling at Belararox’s TMT copper project in Argentina has identified priority targets, including an outcrop showing copper-bearing, porphyry-style veining at the Toro North area.
It comes as China’s November copper imports rise to their highest levels in almost two years, while Citi has flagged its confidence in the near-term prospects for the red metal.
The TMT (Toro-Malambo-Tambo) project sits within the underexplored gap between the El Indo and Maricunga metallogenic belts.
These belts host monster deposits such as the 22Moz Au Pascua Lama and 6.1Moz Au Veladero gold mines, along the El Indo belt to the south owned by Barrick Gold and Shandong, as well as the Josemaria mine within Filo del Sol project that has recorded hits of 1,338m at 1.33% copper equivalent from 150m in the Maricunga belt to the north.
Belararox’s (ASX:BRX) initial work on the 320km2 TNT project using ASTER and Sentinel-2 satellite imagery had initially delineated 11 targets with the potential to host high sulphidation epithermal and porphyry copper systems.
Field work launched in Q4 2023 concentrated on the southern portion of the Toro prospect, where known major copper and gold deposits are hosted along the same north-south structural corridor.
Additionally, independent technical consultant Dr Steve Garwin visited the project in early November to initiate the work program, train the geological team to use the ‘Anaconda’ mapping technique and assess the project for the most suitable geochemical sampling program.
Source: Stockhead
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 -7.69%
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: $0.006 -14.29%
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 – 10.00%
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: $0.058 +1.75%
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: $0.160 – 5.88%
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
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.004 -20.00%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.37 -2.63%
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: $0.027 -3.57%
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 +7.69%
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
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.023 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
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