TRADING HALTS
Sarytogan Graphite (ASX:SGA): Processing material metallurgical test results before release to the market
Queensland Pacific Metals (ASX:QPM): Pending financial close of the Moranbah Project acquisition
Diablo Resources (ASX:DBO): Pending an announcement regarding exploration results
Buxton Resources (ASX: BUX): Pending an announcement of assay results from the Copper Wolf Project
Elixir Energy (ASX:EXR): Pending an announcement about fundraising
Black Cat Syndicate (ASX:BC8): Pending an announcement about capital raising
Raiden Resources (ASX:RDN): Proposed 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 rise ahead of a bumper week of economic data and a big finish to reporting season, including Fortescue’s earnings today. Wall Street closed last week on a high after Jackson Hole.
Today’s data includes July retail sales, while Reserve Bank of Australia’s Michele Bullock will give a speech on Tuesday that will be parsed for interest rate hints.
U.S. stocks finished the week mostly higher with the Dow Jones Industrial Average DJIA down 0.5%, while the S&P 500 SPX gained 0.8% and the Nasdaq Composite COMP climbed 2.3% for the week, according to Dow Jones Market Data.
This week, the markets will get the latest reports on the jobs market, including the July Job Openings and Labor Turnover Survey (JOLTS) due out on Tuesday, followed by August ADP’s National Employment Report on Wednesday. The Labor Department’s August nonfarm payrolls report will center stage on Friday.
Source: AFR
Manuka Resources has delivered a fourfold increase in the Mt Boppy gold resource, with nearly 80% more gold in the higher confidence measured and indicated categories.
Manuka Resources (ASX:MKR) has grown its gold inventory for the Mt Boppy mine in the Cobar Basin by 360% to 160,100oz.
Importantly, the higher confidence measured and indicated resources are up 79% to 76,500oz at a higher grade of 3.53 grams per tonne (g/t).
Executive chairman Dennis Karp said Mt Boppy “has the makings of an exceptional gold asset”.
“Having started life as a listed company with 39,000oz gold in resources at Mt Boppy, we have produced >41,000oz gold (560,000t at 3g/t) and still have almost double that in current measured and indicated resources,” he said.
“To date we have added an additional 162,000oz, of which, importantly, 76,500oz is a measured and indicated resource and work continues on site with an aim to increase this substantially.
“The company has yet to test our most prospective exploration targets. With the anticipated cash flow from our gold production, we are in a strong position to not only upgrade our Inferred ounces to higher categories but also continue to grow the overall resource.”
Manuka restarted gold production at Mt Boppy in mid-June after a preliminary evaluation showed the economic viability of treating a screened product at the Wonawinta plant.
Mt Boppy has previously been a very nice money-maker for Manuka, beating expectations on several levels prior to the completion of Manuka’s first phase of mining in the final quarter of 2021.
During the previous mining campaign, the operation outperformed forecasts by over 70% with respect to ore milled, recovered ounces and sales revenue.
Importantly, the current mining campaign will underpin organically funded exploration of the priority targets identified in Manuka’s Strategic Exploration Review, which revealed substantial silver and gold resource upside along with high-grade base metals potential within the Cobar Basin tenements.
This is the first resource upgrade in over 12 months and incorporates the results of recent bulk sampling and screening evaluation of rock dumps and tailings.
Measured resources comprise 106,850t at 5.25g/t for 18,028oz of contained gold, indicated resources increased to 715,088t at 2.54g/t for 58,477oz of contained gold, and inferred resources now sit at around 1.8Mt at 1.47g/t for 83,608oz of contained gold.
Manuka expects to convert most of the inferred resource to an indicated resource as production continues, as well as add additional ounces to the inferred resource.
The company also plans to test the depth extensions at Mt Boppy which provides scope for continued resource growth.
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: $0.15 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.16 Unchanged
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 Unchanged
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 -3.70%
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: $0.009 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: $0.0105 +5.00%
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: $0.0115 +4.55%
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: $0.051 Unchanged
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: $0.195 +8.33%
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: $0.04 -6.98%
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: $0.015 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 +4.55%
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 -3.03%
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 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: $0.009 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: $0.022 +4.76%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
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