Happy almost Friday team.
We’re live with a deal in the gold sector today. Keep an eye on your inbox this morning!
Market highlights
ASX futures up 14 points or 0.2% to 7068 near 6am AEDT
- AUD -0.4% to 66.23 US cents
- Bitcoin -0.9% to $US37,863 at 7.06am AEDT
- On Wall St at 3.04pm: Dow +0.2% S&P +0.1% Nasdaq +0.03%
- In New York: BHP -1.2% Rio -0.5% Atlassian +5.3%
- Tesla -0.9% Apple -0.6% Amazon -0.1%
- VIX +1.7% QQQ +0.1% TLT +1.1%
- Stoxx 50 +0.5% FTSE -0.4% DAX +1.1% CAC +0.2%
- Spot gold +0.3% to $US2047.98/oz at 1.52pm in New York
- Brent crude +1.2% to $US82.67 a barrel
- Iron ore +0.7% to $US128.20 a tonne
- 10-year yield: US 4.27% Australia 4.36% Germany 2.43%
- US prices as of 2.59pm in New York
Australian shares are poised to rise, in line with modest gains on Wall Street, as bond yields extended their slide on heightened expectations that interest rate cuts are far closer than previously thought.
The yield on the US 10-year yield fell below 4.30 per cent; it has tumbled 57 basis points in the past month. Overnight, billionaire investor Bill Ackman said his firm, Pershing Capital, is “betting that the Federal Reserve is going to have to cut rates more quickly than people expect”.
For local investors, there’s private sector credit for October, private capex for the third quarter and building approvals for October at 11.30am. China will release PMI data for November at 12.30pm. The latest CPI reading for the Eurozone is scheduled to be released at 9pm.
Source: AFR
- Venture Minerals intersected rare earths mineralisation in all 25 RC holes drilled into its new Jupiter target
- Jupiter is part of the Brothers project which is proximal to the upcoming Eneabba rare earths refinery and the longstanding Mt Weld concentrator
- Maiden resource being fast-tracked with a slimline RC drilling campaign currently under way
Special Report: Venture Minerals has hit clay-hosted rare earths mineralisation in each of the first 25 RC holes drilled into its new Jupiter target, including grades up to +7,000ppm TREO.
Located about 300km east of Geraldton, Jupiter has emerged as a project of interest for Venture Minerals (ASX: VMS) given its significant potential for grade and scale and proximity to the Mt Weld rare earths concentrator operated by Lynas Rare Earths (ASX: LYC) and the upcoming Eneabba refinery being developed by Iluka Resources (ASX: ILU).
Recently completed maiden RC drilling at Jupiter, part of the Brothers project, delivered better grades and widths of clay-hosted rare earths mineralisation than the earlier reconnaissance aircore program.
Venture reported consistent 20-30m widths of rare earth mineralisation grading over 2,000ppm TREO within broader zones of up to 64m grading over 1,000ppm TREO across the 40km2 target.
Extremely low thorium and uranium levels were also recorded.
Venture managing director Andrew Radonjic described the results, which also included magnet rare earth oxides (MREO) averaging 23% over +1,000ppm TREO intersections, as “phenomenal”.
“These phenomenal results enhance Venture’s belief that the Jupiter target has the potential to become an exceptional rare earths project,” he said.
“The scale and quality of this opportunity, along with its proximity to infrastructure and processing plants, makes it a standout among its peers.”
Source:Stockhead
Company: Alderan Resources (ASX:AL8)
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.06 -14.29%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13
Today’s Price Change: $0.150 -3.23%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 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: $0.006 + 20.00%
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: $0.021 +4.76%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
Today’s Price Change: $0.007 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.01 -4.76%
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: $0.012 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.04
Today’s Price Change: $0.058 -1.69%
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: $0.185 -2.63%
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.008 Unchanged
Company: Estrella Resources (ASX:ESR)
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.006 +20.00%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.39 +1.30%
Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.038 Unchanged
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: $0.017 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: $0.004 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 -4.00%
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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