Great way to start the week with the S&P/ASX 200 Index climbing 161.30 points, or 1.9 per cent, to 8870.10 – the biggest rise since April 8 (When the sharemarket rebounded 2.3 per cent after Trump’s liberation day announced erased $65 billion in market value the day before).
Across Markets…
The Australian sharemarket jumped the most since US President Donald Trump’s sweeping tariff shock in April as bargain hunters returned to technology and gold stocks after a bout of heavy selling.
IG market analyst Tony Sycamore said the price action was driven by offshore events with a strong US economic data helping to snap market jitters, while the re-election of Japanese Prime Minister Sanae Takaichi further bolstered sentiment in the region.
“We’re playing just prisoner to the events on the global stage and with that, we’re seeing massive amounts of money wiped off our stock market, and then just as quickly added back onto it,” he said. “We must be due for a bit of a lull as we can’t keep going at this pace.”
After the ASX’s technology sector fell nearly 13 per cent last week on concerns about capital expenditure in artificial intelligence and redundancy of software makers, investors piled back in. WiseTech Global rallied 3.6 per cent to $49.30 and TechnologyOne 3.5 per cent to $22.63.
Data centre operators rallied as Commonwealth Bank said Australia was one of the world’s top destinations for AI investment behind the US and China. NextDC rallied 4.9 per cent to $13.33, Goodman 6.5 per cent to $30.76 and Megaport 5.2 per cent to $10.84.
Miners, meanwhile, were buoyed by a rebound in commodity prices, with gold climbing above $US5000 an ounce and silver up 5.2 per cent to $US81.86. Newmont soared 6.5 per cent to $164.92, Ora Banda 12.2 per cent to $1.19, South32 3.2 per cent to $4.55, and BHP 1.9 per cent to $49.73.
The banks were also well bid with National Australia Bank and Westpac both climbing 1.5 per cent to $43.99 and $40.01, respectively.
Source: AFR
Impact Minerals Defines Major Gold-Silver Corridor; Maiden Drill Set to Commence
Impact Minerals (ASX: IPT) has unveiled a significant 4km gold-silver structural corridor at its Commonwealth project, with a maiden drill program imminent, while also detailing progress on its Lake Hope HPA project.
The dual announcements highlight the company’s advancing exploration and development efforts.
Commonwealth Gold-Silver Corridor Defined
A 4km NNW-SSE structural corridor linking Commonwealth Mine, Silica Hill, and adjacent prospects has been identified by MobileMT EM.
3D resistivity modelling shows continuous controls to depths exceeding 1km, indicating potential for mineralisation extensions.
A maiden 1,200m diamond drill program is scheduled to commence imminently to test these targets.
Impact retains a 30% free-carried interest under its JV with Kuniko, mitigating near-term funding risk for this exploration.
Lake Hope HPA Project Advances
The Pre-Feasibility Study confirms Lake Hope as a globally significant High Purity Alumina (HPA) project with robust economics (NPV10 A$1.165B, IRR 47.5%).
Progress continues with Definitive Feasibility Study (DFS) commencement, pilot plant development funded by a CRC-P grant, and ongoing off-take discussions.
Strategic acquisitions have increased ownership in Playa One (80%) and Alluminous (50%), bolstering processing technology and market access.
SOP-HCl Opportunity Identified
A new, standalone pathway to produce Sulphate of Potash (SOP) and Hydrochloric Acid (HCl) from lake clays has been identified.
Lab results show high recoveries for SOP (K2O ~94%, SO3 ~94%) and chlorine (>98%), with potential to capture HCl.
A Scoping Study is underway, with results expected in Q2 2026, to define costs and scale for this potential new revenue stream.
Broken Hill Exploration Resumes
Exploration has resumed at Broken Hill, focusing on PGMs, silver-lead-zinc, and copper mineralisation styles.
Recent drilling (PSD02) returned a high-grade intercept of 0.6m at 7.6% Cu, 7.4% Ni, plus multi-PGE/metals.
Three new channels have been identified at Plat Central/East, with ground EM planned ahead of further drilling.
Source: SmallCaps
Company: Fin Resources Ltd (ASX:FIN)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.0065
Today’s Price Change: $0.013 Unchanged
Company: Locksley Resources Ltd (ASX:LKY)
Sector: REE & Antimony/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Today’s Price Change: $0.165 +6.45%
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: $0.048 +4.35%
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: $0.039 Unchanged
Company: Tambourah Metals Ltd (ASX:TMB)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Today’s Price Change: $0.055 -1.79%
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: $0.004 Unchanged
Company: Eclipse Metals Ltd (ASX:EPM)
Sector: REE
Deal Type: Placement
Latest Entry Price: $0.015
Today’s Price Change: $0.023 +9.52%
Company: Neuren Pharmaceuticals Ltd (ASX:NEU)
Sector: Biotech
Deal Type: On-market purchase
Latest Entry Price: $1.20 – $1.50
Today’s Price Change: $13.31 +6.31%
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: $0.500 +2.04%
Sector: Blockchain
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.02 with 1:1 option $0.08 strike
Today’s Price Change: $0.024 -4%
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: $0.028 +3.7%
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.09 with 1:2 PL3O
Today’s Price Change: $0.110 Unchanged
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: $0.007 Unchanged
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: $0.044 Unchanged
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