FIN Resources (ASX: FIN) reported strong maiden drilling results from the Arrow prospect at its Cabin Lake Project, intersecting 26.2m @ 12.0g/t Au from shallow depths, confirming a broad, high-grade, sulphide-hosted gold system.
The result includes multiple high-grade zones and consistent mineralisation, supporting scale and continuity, with further assays pending across Arrow, Beaver and Andrew.
Click here for the full announcement!
Across Markets…
The Australian sharemarket closed lower on Tuesday, extending its longest losing streak since 2022, as higher oil prices weighed on sentiment ahead of key quarterly inflation data.
The S&P/ASX 200 Index fell 55.70 points, or 0.6 per cent, to 8710.70, with 10 of 11 sectors in the red. It marked a sixth straight decline for the local stock exchange which is the longest losing run since June 2022, when markets were gripped by inflation and recession fears.
Brent crude rose for a seventh straight day, climbing 2.5 per cent to $US110.92 as the US weighed a proposal from Tehran to reopen the crucial Strait of Hormuz.
Investors are also focused on several central bank policy meetings including the US Federal Reserve and domestic inflation data expected to show on Wednesday an annual rise to 4.8 per cent in March. A strong number would reinforce expectations of a possible interest rate rise from the Reserve Bank of Australia next week.
“The market’s in a holding pattern at the moment while it waits on developments in the news, geopolitics and central banks,” VanEck deputy head of investments and capital markets Jamie Hannah said.
“From an Australian point of view, investors are also waiting on the consumer price index to see how the interest rate rise might firm up next week.”
Gold miners weighed on materials as bullion fell 1.1 per cent to $US4631.80 an ounce. Newmont retreated 4.5 per cent to $158.69, Northern Star 2.9 per cent to $21.50 and Evolution Mining 3 per cent to $12.69.
Lithium miners bucked the trend, after UBS sharply upgraded its lithium price forecasts, lifting near-term assumptions by up to 23 per cent and long-term estimates by 17 per cent. The broker flagged tighter supply and stronger-than-expected demand for electric vehicles and energy storage amid the Iran conflict.
PLS added 3 per cent to a record close of $6.11 and Mineral Resources and Liontown Resources both rose 4 per cent to $61.37 and $2.37, respectively.
Source: AFR
EVE Health Appoints New CEO to Lead Company Through Next Phase of Growth
-
Ben Rohr named CEO; effective immediately.
-
Wood becomes head of regulatory/medical affairs.
-
Aims: faster commercialisation; reformulate drugs via licensing.
EVE Health Group (ASX: EVE) has appointed current chief operating officer Ben Rohr to the role of chief executive officer, effective immediately.
Mr Rohr has been instrumental in the company’s recent operational and commercial progress and brings with him a strong track record in execution, operational leadership, and capital management.
He has played a central role in the execution of EVE’s strategy including leading the integration of the $3 million Nextract acquisition and advancing the company’s pharmaceutical and commercial development programs.
He has also been closely involved in positioning core products Dyspro (to treat dysmenorrhoea and endometriosis) and Libbo (for erectile dysfunction) for regulatory progression and commercial rollout.
EVE’s current chief executive officer Damian Wood will move into the role of head of regulatory and medical affairs, with responsibility for regulatory strategy and clinical development across the company’s product pipeline.
Accelerated Commercialisation
Chair Rod Hannington said Mr Rohr’s appointment reflected the board’s focus on accelerating the commercialisation of EVE’s product portfolio and delivering disciplined growth across the business.
“Ben has demonstrated strong leadership and a clear ability to execute on the company’s strategy,” he said.
“His deep understanding of the business combined with his commercial focus positions him well to lead EVE through its next phase of growth.”
Mr Hannington said the revised corporate structure aligned EVE’s executive leadership with its strategic priorities, combining strong commercial execution with dedicated regulatory and clinical expertise.
Compound Reformulation Strategy
EVE is aiming to develop reformulated versions of established pharmaceutical compounds using novel delivery systems to improve bioavailability, onset of action, and patient convenience.
The strategy focuses on medicines approaching patent expiry where improved delivery formats may provide differentiated products that can be commercialised through licensing.
It also looks to leverage supply partnerships with pharmaceutical companies that have established regulatory capabilities, manufacturing infrastructure, and distribution networks.
The approach offers significant advantages over traditional drug discovery pathways using known safety profiles to reduce clinical development risk, targeting large markets with predictable demand, and employing shorter development timelines compared to novel drug development.
Source: SmallCaps
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: +414%
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: +306%
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: +156%
Company: Tambourah Metals Ltd (ASX:TMB)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Price Performance Since Entry: -5%
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: 0%
Company: Neuren Pharmaceuticals Ltd (ASX:NEU)
Sector: Biotech
Deal Type: On-market purchase
Latest Entry Price: $1.20 – $1.50
Price Performance Since Entry: +1,073%
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: +200%
Sector: Blockchain
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.02 with 1:1 option $0.08 strike
Price Performance Since Entry: +45%
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: +233%
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.09 with 1:2 PL3O
Price Performance Since Entry: +61%
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: +46%
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

Comments are closed