Happy Friday!
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,823.38 (+0.13%)
Silver: US$21.14 (+0.89%)
Nickel (3mth): US$18,723/t (-0.03%)
Copper (3mth): US$7,949.50/t (-0.71%)
Oil (WTI): US$82.89 (-1.58%)
Oil (Brent): US$84.48 (-1.55%)
Iron 62pc Fe: US$119.50/t (+0.04%)
AUD/USD: 0.6341 (+0.25%)
Bitcoin: US$27,670 (+0.49%)
Across markets
Australian shares are set to open slightly higher as the US bond market continued to trouble investors and unemployment figures indicated the labour market was still hot. US mortgage rates rose to a 23-year high.
ASX futures were up 9 points to +0.1% to 6,965.00.
The number of Americans filing new claims for unemployment benefits rose moderately last week, while layoffs declined in September, pointing to still-tight labour market conditions at the end of the third quarter.
“Demand in the economy continues to strengthen which can only serve to worry Fed officials even more, and puts the progress in bringing inflation down in jeopardy,” said Christopher Rupkey, chief economist at FWDBONDS in New York.
US mortgage rates rose for a fourth straight week, reaching the highest level since December 2000.
The average for a 30-year fixed loan was 7.49 per cent, up from 7.31 per centlast week, Freddie Mac said in a statement Thursday.
Source:AFR
- Drilling at Variscan’s historical San Jose mine returns up to 25% zinc in newly defined lower lens of mineralisation under the La Catedral stope
- Drilling results will be added to upcoming resource estimate
- Mine re-start study for San Jose expected in Q1 2024
Underground drilling at Variscan’s historical San Jose mine in Spain has returned high-grade zinc up to 25%, defining a new lower lens of mineralisation below the La Catedral stope.
Since maiden drilling in early 2021 confirmed that there’s much more zinc to be mined at San Jose, Variscan Mines (ASX:VAR) exploration activities have mapped out a path towards a potential mine restart.
The Phase 3 underground diamond drilling program is focused on testing prospective zones that have been identified from the development of the company’s 3D model and also expanding zones of mineralisation.
So far so good, with the latest assays returning a slew of outstanding results —including 3.8m at 24.58% zinc, 3.13% lead — which defines both a new lower lens beneath the La Catedral in the Central Zone.
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: $0.014 -12.50%
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 -6.25%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.115 -4.17%
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 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: $0.025 +4.17%
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 +6.25%
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 +10.00%
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: $0.042 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: $0.175 Unchanged
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: $0.037 +2.78%
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: $0.012 +9.09%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.59 +2.61%
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: $0.028 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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