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!
COMMODITY/FOREX/CRYPTO MARKET PRICES
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 bitstamp.net, 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
Brazil!
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.
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: $0.14 +12.00%
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 +3.70%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.006 -14.29%
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: $0.026 +4.00%
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: $0.0085 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.02 with a 2:3 CDTOA
Today’s Price Change: $0.01 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: $0.011 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: $0.048 -4.00%
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: $0.24 +4.35%
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.004 with a 1:1 option
Today’s Price Change: $0.003 Unchanged
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: $0.036 -2.70%
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: $0.011 -8.33%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.715 -2.05%
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: $0.034 +17.24%
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: $0.019 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: $0.005 Unchanged
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: $0.024 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
