What got us talking yesterday?
Chalice Mining (ASX:CHN) spinout Falcon Metals (ASX:FAL) was yesterday’s biggest winner after reporting multiple high grade gold hits at Ironbark East, part of the flagship Pyramid Hill project in Victoria.
Pyramid Hill was CHN’s No 1 focus before it hit the motherlode at Julimar, and is highly prospective for high-grade gold deposits like the nearby, world-class Fosterville mine.
According to the Victorian government there’s 32Moz of undiscovered gold in the North Bendigo zone where FAL has a dominant landholding.
Across markets…
Australian shares are poised to open higher, recovering from an earlier tumble in futures in line with swings in New York.
The swings followed release of January US CPI data which opened the door for a somewhat higher potential peak for interest rates.
US inflation slows to 6.4pc but price pressures re-emerge US consumer prices rose 0.5 per cent last month, as services costs surged, bolstering the case for higher interest rates.
ASX futures were up 10 points or 0.14 per cent to 7368 near 7am AEDT; they fell as much as 36 points during an early Wall Street swoon.
- On Wall St near 3pm: Dow -0.3% S&P +0.04% Nasdaq +0.5%
- In New York: BHP +0.5% Rio +0.9% Atlassian +3.3%
- Tesla +5.8% Apple -0.3% Amazon -0.4% Alphabet -0.8%
Wednesday’s reporting sked: Cochlear (COH) | Commonwealth Bank (CBA) | Corporate Travel (CTD) | Fletcher Building (FBU) | Fortescue (FMG) | GUD Holdings (GUD) | Netwealth (NWL) | Pact Group (PGH) | Redbubble (RBL) | Seven Group (SGH) | Treasury Wines (TWE) | Wesfarmers (WES) | Vicinity Centres (VCX).
Source: AFR
ASX silica sand and sand plays
Allup – the ASX’s most recent silica sands play – has been progressing exploration of its Sparkler C project in Western Australia’s South West region.
Hand auger drilling has returned assay results with an average raw materials surface grade of 98.8% SiO2 as well as high purity silica sand to depths of 2.4m with the potential for premium 99.5% SiO2 and sub-100 parts per million iron silica sands once processed.
This program has defined high purity target areas for a follow-up aircore drilling campaign, which the company intends to start in the current quarter.
Program of Works have also been approved for further exploration drilling on its other Sparkler holdings with an updated circuit design successfully producing a 99.8% purity product using material sourced from Sparkler A.
At the Pink Bark project, the company is waiting on reconnaissance and hand auger drilling results to define targets for a follow-up aircore drill program in the first half of 2023 subject to Heritage approvals.
Plans are also in place for aircore drilling at Dune Buggy during the second half of 2022 while permissions and permitting are underway to start exploration at the recently granted Rail Head project near Bunbury.
Source: Stockhead
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.33 +8.20%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.012 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.03 with a 1:3 CDTOA
Today’s Price Change: $0.024 +Unchanged
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 Listed Option
Today’s Price Change: $0.015 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.074 -1.33%
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: $0.58 -1.68%
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.01
Today’s Price Change: $0.017 -10.53%
Company: iCandy (ASX:ICI)
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today’s Price Change: $0.047 -4.44%
Company: Fatfish Group (ASX:FFG)
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.021 +5.00%
Company: Lobe Sciences (CSE:LOBE)
Sector: Medtech
Deal Type: Pre-IPO
Raise Amount: $1.5M
Latest Entry Price: $0.05 with a 1:1 Warrants
Today’s Price Change: $0.035 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $1.50 -0.99%
Company: Beam Communications (ASX:BCC)
Sector: Satellite Communication
Deal Type: Placement
Raise Amount: $5.3M & $5M
Latest Entry Price: $0.44 with a 1:4 Option
Today’s Price Change: $0.20 Unchanged
Company: Nanollose Limited (ASX:NC6)
Sector: Biomaterials
Deal Type: Placement
Raise Amount: $2.85M
Latest Entry Price: $0.10 with a 1:2 NC6OA
Today’s Price Change: $0.064 -1.54%
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.06 with a 1:1 RNEO
Today’s Price Change: $0.056 +1.82%
Company: Cipherpoint Limited (ASX:CPT)
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.005 with a 1:1 Listed Option
Today’s Price Change: $0.007 Unchanged
Company: Metals Australia Limited (ASX:MLS)
Sector: Lithium/Graphite
Deal Type: Placement
Raise Amount: $7.8M
Latest Entry Price: $0.078 with 1:1 MLSOD
Today’s Price Change: $0.054 Unchanged
Company: BBX Minerals Ltd (ASX:BBX)
Sector: Mining
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.082 with a 1:1 BBXOA
Today’s Price Change: $0.16 +10.00%
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.011 -8.33%
Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.025 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
