Elon Musk is making the headlines again…
This time around for Neuralink.
Allegedly, the company has successfully completed the first brain chip implant in a human.
No details about the patient were given, but Musk said the person is ‘recovering well’.
Click here to read more.
Across Markets…
The Australian sharemarket advanced for its seventh consecutive session on Tuesday, led by sharp gains across growth stocks.
The benchmark S&P/ASX 200 index added 0.3 per cent or 21.8 points to 7600.2 at the closing bell, with seven out of the 11 sectors in the green. The All Ordinaries edged up 0.3 per cent.
The gauge briefly rose above its record closing high to touch 7629.8 at 11:33 am AEDT on Tuesday. That’s the highest point since August 2021 when the market closed at 7628.9, but is still below the intraday high of 7632.8 set in the same month.
TMS Capital portfolio manager Ben Clark said the sharemarket’s gains were the result of investors reacting positively to the latest round of positive trading updates ahead of the upcoming February reporting season.
“People will be closing watching the overnight results on US tech giants Microsoft and Google, local technology stocks have rallied in the lead up,” Mr Clark said.
On the ASX, the technology sector was the best performer, climbing 1.9 per cent. Xero rose 1.6 per cent to $110.98, WiseTech added 1.3 per cent to $72.30 and NextDC rallied 1.3 per cent to $13.86.
Healthcare stocks also recorded gains, up 1.1 per cent. ResMed jumped 1.8 per cent to $28.95, CSL firmed 1.2 per cent to $296.74 and Sonic Healthcare rallied 1.2 per cent to $32.17.
Local shares tracked an overnight rally in New York that helped the S&P 500 reset its record.
Australian investors shrugged off a plunge in the December retail sales, which showed retail sales fell 2.7 per cent from November, missing forecasts of a 1.9 per cent decline as consumers cut back spending before Christmas.
Source: AFR
Rox Resources (ASX: RXL) expects to deliver its Youanmi gold pre-feasibility study (PFS) by June with their Western Australian project now looming as one of Australia’s most promising gold developments.
Located near Mt Magnet, Youanmi now has a total mineral resource estimate (MRE) of 2.3 million ounces at 4.4 grams per tonne gold.
This new MRE also delivers a 20% increase in the indicated resource category, which now stands at 1.56Moz at 4.5g/t.
In addition, the Youanmi underground indicated resource is up 48%, to 1.1Moz at 6.1g/t, an increase from the previous 359,000oz estimate.
Rox managing director Robert Ryan said various studies including metallurgy, geotechnical, mining, environmental, infrastructure and hydrology are well under way.
“While we expect the PFS will confirm Youanmi to be a long-life asset, we see tremendous potential for future growth,” he added.
This is backed by the “significant” near-mine exploration targets.
Source: SmallCaps
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.004 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: $0.16 -5.88%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.115 -4.17%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.0035 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: $0.007 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 +3.51%
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: $0.13 +4.00%
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: $0.009 Unchanged
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.005 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.375 -7.41%
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: $0.025 -7.41%
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 Unchanged
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