Interested in an insightful interview?
Investor Markus Meister breaks down where he sees upside in Vertex’s share price, what’s catching his eye across the ASX gold space, and the broader opportunities emerging beyond gold.
Featuring names including ASX: VTX, ADG, FG1, GA8, PNN, QML, RC1, TAS and TM1.
Note: Markus discusses our portfolio company TAS at the 13:30 mark.
Watch the full interview here to get Markus’s take on what could be next for the sector!
Across Markets…
The Australian sharemarket shrugged off a surprise surge in employment – which has increased the odds of the Reserve Bank of Australia lifting rates for the first time since 2023 – as geopolitical tensions over Greenland eased.
The S&P/ASX 200 rose 65.8 points, or 0.8 per cent, to 8848.70, with nine of 11 sectors higher. The benchmark had hit an intraday peak of 8864.5 just before the jobs report, which showed the unemployment rate fell from 4.3 per cent to 4.1 per cent in December, while employment jumped 65,200, more than double the 30,000 expected.
Bank of America, HSBC and UBS all now see a February rate hike, while money markets price a 60 per cent chance of a move, up from 30 per cent on Wednesday. The Australian dollar touched a 16-month high against the US dollar, and the three-year bond yield climbed to its highest in over two years.
IG market analyst Tony Sycamore said while monthly labour force data can be volatile, this “monster” jobs report aligns with the RBA’s assessment that conditions remain tight and had an immediate impact on markets.
“While such a shift in rate expectations would typically weigh on the ASX200, the market brushed it off today like water off a duck’s back,” he said, adding that investors reacted positively to US President Donald Trump dropping his tariff threats on several European allies after “framework” had been agreed upon.
“With details light, it is too early to confirm if the deal fully delivers on the US administration’s core objectives, or whether Greenland simply joins the long list of Trump’s TACOs.”
On the ASX, energy was the strongest sector as Brent crude oil traded near $US65 per barrel. Woodside Energy jumped 2.9 per cent to $24.20, while Santos rose 5.3 per cent to $6.38 after the energy producer confirmed its Barossa LNG project has begun loading its first cargo, which Citi analysts said would allay investors fears.
Source: AFR
Nelson Resources Reports Spectacular Grades from Sampling At Gold Point Project
Rock-chip sampling by Nelson Resources (ASX: NES) at its newly acquired Gold Point project in the US state of Nevada has returned spectacular grades of up to 32.7 grams per tonne gold and 574g/t silver.
Nelson collected 42 samples as part of a reconnaissance field program to validate historical work and test the potential for western extensions to high-grade gold-silver veins.
The results confirmed the scale and tenor of the mineralisation, with veins positioned to the west of the Grand Central and Great Western mines.
Preparations are now underway to commence detailed surface and underground mapping and systematic sampling to fine-tune high-priority drill targetsat Gold Point, for which Nelson signed an agreement to earn up to a 90% interest in late last year.
The company has commenced discussions with preferred drilling contractors ahead of a planned maiden drilling campaign in the second quarter.
Consistent High Grades
Multiple gold samples returned grades above 10g/t, including 32.2g/t gold and 28.4g/t silver, 31.7g/t gold and 100g/t silver, and 18.6g/t gold and 61.5g/t silver.
Veins representing potential western extensions to the Cook mine vein system returned best results of 5.28g/t, 5.1g/t, and 3.58g/t, while underground grab samples at the Orleans mine returned as high as 7.34g/t gold and 574g/t (18.5 ounces per tonne) silver.
“The multiple samples returning more than 10g/t gold from veins west of the historic Grand Central and Great Western Mines, combined with strong underground results at Orleans, highlight significant untapped upside in this consolidated district—the first time in over 140 years it has been under single-ownership control,” non-executive chair Gernot Abl said.
“We are excited to advance this high-grade opportunity in Nevada’s prolific Walker Lane—just 70kilometres from AngloGold Ashanti’s major Arthur discovery—positioning Nelson for transformative exploration success in 2026.”
Yarra Project Drilling Campaign
Elsewhere, Nelson has contracted Australian Surface Drillers for an upcoming reverse circulation program at its Yarri gold project in Western Australia.
The campaign – which will comprise 230 drill holes for a total of 11,544m – represents the most comprehensive campaign undertaken at the project to date.
The first phase of 3,000m will test a series of high-priority targets identified from recent exploration work and will seek to build numerous high-grade gold intercepts historically reported, such as 8m at 18.1g/t gold including 3m at 44.1g/t from 101m.
Mega Resources will fully fund the campaign and manage all permitting, planning, and operational requirements under an agreement signed last October.
Source: SmallCaps
Company: Fin Resources Ltd (ASX:FIN)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.0065
Today’s Price Change: $0.014 Unchanged
Company: Locksley Resources Ltd (ASX:LKY)
Sector: REE & Antimony/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Today’s Price Change: $0.205 -8.89%
Company: CuFe Ltd (ASX:CUF)
Sector: Copper/Mining
Deal Type: Placement
Latest Entry Price: $0.016 with 1:2 option, strike $0.025
Today’s Price Change: $0.047 +6.82%
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
Today’s Price Change: $0.036 -2.70%
Company: Tambourah Metals Ltd (ASX:TMB)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Today’s Price Change: $0.058 -3.33%
Company: Biotron Ltd (ASX:BIT)
Sector: Biotech
Deal Type: Placement
Latest Entry Price: $0.003 with 1:2 option, strike $0.02
Today’s Price Change: $0.003 Unchanged
Company: Eclipse Metals Ltd (ASX:EPM)
Sector: REE
Deal Type: Placement
Latest Entry Price: $0.015
Today’s Price Change: $0.027 -6.90%
Company: Neuren Pharmaceuticals Ltd (ASX:NEU)
Sector: Biotech
Deal Type: On-market purchase
Latest Entry Price: $1.20 – $1.50
Today’s Price Change: $18.13 -0.22%
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
Today’s Price Change: $0.52 -1.89%
Sector: Blockchain
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.02 with 1:1 option $0.08 strike
Today’s Price Change: $0.025 +19.05%
Company: Critica Limited (ASX:CRI)
Sector: REE
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.0075 with a 1:1 CRIO
Today’s Price Change: $0.025 -3.85%
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.09 with 1:2 PL3O
Today’s Price Change: $0.105 -4.55%
Sector: Cybersecurity & AI
Deal Type: Placement
Raise Amount: $1.7M
Latest Entry Price: $0.01 with 1:3 option $0.02 strike
Today’s Price Change: $0.008 -11.11%
Sector: Gold/Mining
Deal Type: Placement
Raise Amount: $2.3M
Latest Entry Price: $0.026 with 1:2 option $0.032 strike
Today’s Price Change: $0.051 +2%
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