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 18 September, 2023

What an other cracking weekend of weather and finals footy!

An amazing game on Friday night with over 96,000 fans at the MCG.

The Blues remain undefeated in this finals series!

Gold: US$1,945.6 (+0.66%)
Silver: US$23.305 (-0.31%)
Nickel (3mth): US$19,936/t (-1.56%)
Copper (3mth): US$8,375/t (-0.55%)
Oil (WTI): US$91.20 (+0.57%)
Oil (Brent): US$94.27 (+0.14%)
Iron 62pc Fe: US$121.29/t (+0.6%)
AUD/USD: 0.6445 (+-0.02%)
Bitcoin: US$26,604.00 (+0.17%)

Across markets

Australian shares are set to open lower. Commodities extend their upward move. Techs drove broad selling in New York. Policymakers meet in Washington, London and Tokyo this week.

The RBA will release minutes from its latest policy meeting on Tuesday. Monday’s marks the start of Michele Bullock’s seven-year term as governor. The bank’s next policy meeting is scheduled for October 3.

ASX futures were down 41 points or 0.56% to 7250 over the weekend.

The local currency edged lower; the Bloomberg dollar spot index was little changed.

On, bitcoin was down 0.1 per cent to $US26,510.

The yield on the US 10-year note rose 5 basis points to 4.33 per cent in New York.

Source: AFR

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Closer to Home


While iron ore accounts for almost 75% of mining in Brazil, with its global miner Vale at the fore, Brazil is reinventing itself as an attractive lithium mining jurisdiction.

Sigma Lithium’s (TSX.V:SGML) success at its new 270,000tpa Grota do Cirilo hard rock mine has been a positive litmus test for operating in Brazil.

It’s sparked a torrent of interest in the country’s lithium, with Solis Minerals (ASX:SLM) boss Matty Boyes recently telling Stockhead that “there are people coming at [project] owners from all angles.”

“The prices are just going exponential as you are trying to close a deal,” he says.

“There is a lot of interest from North America. American juniors, Canadian juniors are throwing big money at assets in Brazil, so you must make sure you have a network in place, people that can get these assets to you ahead of the next guy.”

Latin Resources (ASX:LRS) is the most advanced of the ASX stocks, with a 45.2Mt @ 1.34% Li2O (~1.5Mt LCE) resource at Colina, part of the Salinas project in Minas Gerais state.

Ahead of its planned PEA, another 25,000m of drilling is currently underway to expand the overall footprint of Colina to the west and southwest where the resource remains open along strike.

LRS spinout Solis announced the acquisition of the Jaguar lithium project in late May.

At Jaguar – located in Bahia state — the company says there are rock chips grading up to 4.95% Li2O along a 1km long, 50m wide spodumene-rich pegmatite body.

Drilling is already underway. It also has a lithium project in northern Brazil called Borborema and several additional acquisitions in the pipeline.

Oceana Lithium (ASX:OCN) has started a 3,000m scout drilling program to test for near-surface lithium at the 124sqkm Solonópole project.

Gold Mountain (ASX:GMN) has a bunch of early-stage exploration ground near LRS and Sigma in northeastern Brazil, as does SI6 Metals (ASX:SI6) and Perpetual Resources (ASX:PEC).

The latest Aussie junior heading into Brazilian lithium is OzAurum Resources (ASX:OZM), which recently purchased some highly-prospective  tenure in Minas Gerais for US$800,000.

Its Linopolis Jaime project hosts coarse spodumene crystals with grades up to 7.36% Li2O, which are known to occur at major WA lithium deposits such as Greenbushes and Mt Marion.


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Recent Peak Deals

Company: Terra Uranium (ASX:T92)
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Latest Entry Price: $0.20
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Company: iCandy (ASX:ICI)
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Company: Fatfish Group (ASX:FFG)
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Company: Paradigm Biopharma (ASX:PAR)
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Company: ReNu Energy Limited (ASX:RNE)
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Company: Carly Holdings Ltd (ASX:CL8)
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Company: ECS Botanics Holdings Ltd (ASX:ECS)
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If you would like more information on future Peak deals, please don’t hesitate to get in touch.

The trustee for Peak Asset Management Unit Trust (“Peak”) is a corporate authorised representative (#1295491) of Dayton Way Securities Pty Ltd (AFSL #382585).
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  or by telephoning
Peak on 1300 304 460



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