TRADING HALTS
Azure Minerals (ASX:AZS): Regarding the finalisation of a capital raise
Firetail Resources (ASX:FTL): Regarding exploration results and a response to an ASX price query
4DS Memory (ASX:4DS): Whilst the company undertakes a review of new data regarding additional testing cycles to guarantee a comprehensive analysis of the Fourth Platform Lot. Err…shall we say, pending a trading update?
Parkway Corporate (ASX:PWN): Pending news of a potential capital raise
Centrex (ASX:CXM): Pending news of a capital raise
Rox Resources (ASX:RXL): Pending news of a capital raise
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,968.7 (-0.03%)
Silver: US$23.25 (+0.01%)
Nickel (3mth): US$20,863/t (-1.04%)
Copper (3mth): US$8377.48/t (-0.03%)
Oil (WTI): US$81.26 (-0.68%)
Oil (Brent): US$84.63 (-0.71%)
Iron 62pc Fe: US$107.41/t (-0.91%)
AUD/USD: 0.65 (+0.7%)
Bitcoin: US$29,155.70 (-0.08%)
Australian shares are set to open slightly up as the Nasdaq lifted Wall Street. US Treasury bonds hit a 15-year high. Seven London banks slashed their growth forecasts for China as the world’s second-largest economy continued to slump.
ASX futures up 14 points or +0.2% to 7076 near 5am AEST
Tuesday’s reporting schedule includes: Alumina (AWC) | BHP (BHP) | Coles Group (COL) | G8 Education (GEM) | Hub24 (HUB) | Ingenia (INA) | Kogan (KGN) | Megaport (MP1) | Monadelphous (MND) | Monash IVF (MVF) | Nanosonics (NAN) | Redbubble (RBL) | Scentre Group (SCG) | Viva Energy (VEA) | Woodside (WPL)
The Australian dollar was flat to 64.09 US cents
Bitcoin was -0.32% to $US26,030 at 4am AEST
On Wall Street, the Nasdaq was up more than 1 per cent on Monday, and S&P 500 was also higher in afternoon trading, with shares of Nvidia jumping more than 6 per cent as investors were optimistic ahead of its earnings due late on Wednesday.
- On Wall St: Dow -0.3% S&P +0.45% Nasdaq +1.2%
- In New York: BHP +0.7% Rio +0.7% Atlassian -0.6%
- Tesla +6.4% Apple +0.6% Amazon +0.9%
Source: AFR
Trial mining is about to get under way at Classic Minerals’ Kat Gap mine to test the veracity of its recently announced indicated gold resource and set the scene for a potentially much larger stage two open pit.
Classic recently achieved first gold pour at its flagship Kat Gap gold project, ~170km south of Southern Cross in WA, which has an indicated resource of 20,488oz @ 2.5g/t and an inferred resource of 60,139oz @ 2.19g/t.
Stage 1 production will see Classic trial mine a good portion of the oxide component of the indicated resource down to a depth of 45m over the next eight weeks.
Trial data analysis will then be undertaken to update the ore reserve, with the miner expected to move into fulltime production soon after.
CLZ says that to enable an effective conversion from the current indicated resource to an ore reserve “an oxidised portion of the indicated block model needs to be interrogated by a trial mining open pit”.
It will then be processed through its innovative Gekko gravity plant to get an accurate measure of the reconciliation of the tonnes, grade and recoverable ounces of gold from the indicated block model at Kat Gap.
The Gekko gravity circuit can process 100,000tpa and is a precursor to the integration of the Carbon-in-Leach (CIL) process, which is currently under construction and installation as part of Stage 2 of the project.
A ramp up to Stage 2 production
Data from the trial pit mining is expected to set the scene for a potentially much larger, future Stage 2 open pit down to fresh rock for an estimated throughput of 200,000 tonnes per annum (tpa).
Mining and processing of this trial mining ore is an important step ahead of full-scale production activities, so they company can fully test and refine the Gekko plant along with its mining methods.
Classic CEO Dean Goodwin says he’s excited about getting earthmoving machines back to work on the trial pit, because in the next month the team will be able to get a good hard look at the high-grade portion of the main ore zone within the new indicated resource.
“It’s going to be one of those special moments. They don’t come along very often in one’s career so I can’t wait,” Goodwin says.
“It’s a proud moment for me and the rest of the team to see all that hard work that has gone into the drilling and resource work over these last few years come to fruition.”
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: $0.155 +3.33%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.165 -5.71%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.01 +5.26%
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: $0.025 -3.85%
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: $0.01 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: $0.011 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: $0.012 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: $0.05 -1.96%
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: $0.19 -13.64%
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: $0.004 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: $0.044 -2.22%
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: $0.016 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.69 -13.75%
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: $0.032 -5.88%
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: $0.023 +9.52%
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: $0.0075 +7.14%
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: $0.022 -4.35%
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Peak on 1300 304 460
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