How was your day? (outside of markets)
Brutal selling across the board today…
Across Markets…
Australian shares charted their worst one-day decline in more than a month on Tuesday, in an apparent shift in trader sentiment following a strong November rally.
The S&P/ASX 200 closed 63.1 points, or 0.9 per cent, lower at 7061.6 after a weak lead from Wall Street. Four of the ASX’s 11 sectors declined more than 1 per cent.
The benchmark, which was already down more than 1 per cent by midday, pared back some of its losses following the Reserve Bank of Australia’s decision to leave rates at 4.35 per cent at its final meeting of the year.
A hold was widely predicted by economists as well as money market pricing.
Tuesday’s broad sell-off came ahead of key US job data in the form of the Job Openings and Labor Turnover Survey on Wednesday, which will be followed by the US official unemployment rate later this week.
Source: AFR
- Graeme Morissey has been appointed as Chief Financial Officer
- Ben Donovan starts as Company Secretary
- BRX has two critical minerals projects across Australia and Argentina
Special Report: Belararox has made two key appoints to the roles of CFO and company secretary as it gears up for exploration across its portfolio of critical minerals projects.
Belararox (ASX:BRX) owns the Toro-Mambo-Tambo (TMT) copper-gold project in Argentina as well as its Bullabulling gold and lithium project in WA’s Eastern Goldfields.
Fresh appointments
Ben Donovan will enter the role of Company Secretary this month and comes with a plethora of experience working with ASX listings and ASX-listed companies in the mining sector.
Appointed to CFO, Graeme Morissey is an experienced director and has a stellar audit background and CFO experience across multiple mining-related companies.
“The addition of Ben Donovan as Company Secretary and Graeme Morissey as CFO continues our plan of hiring top talent,” BRX MD Arvind Misra says.
“Both Graeme and Ben have significant experience with ASX-listed companies and especially those in the mining industry.
“We are excited to have them join our team. We also thank Simon for helping to bring Belararox to where it is today.”
Toro-Malambo-Tambo: Right place, right time
Nestled between the two highly prolific El Indo and Maricunga metallogenic gold and copper belts, Belararox has 11 highly prospective targets to explore at its TMT project in Argentina.
Argentina is rebooting its copper production, with planned projects that could produce almost 800,000t by 2030, and BRX’s TMT project is well-placed in an underexplored gap between a large number of historical and developing copper and gold mines.
These include Lundin Mining’s $4.1bn Josemaria mine and its Filo del Sol project which has hits of 1,338m @ 1.33% CuEq from 150m in the Maricunga belt to the north.
To the south, Barrick Gold and Shandong own the 22Moz Au Pascua Lama and 6.1Moz Au Veladero gold mines respectively along the El Indo belt.
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: $0.006 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: $0.135 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.14 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 -9.50%
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: $0.014 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: $0.055 -5.17%
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: $0.175 -1.78%
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: $0.008 Unchanged
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.006 +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: $0.39 -2.50%
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: $0.029 -17.14%
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: $0.015 Unchanged
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
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