Happy Friday!
Yesterday’s Small Cap standout:
Lithium Plus Minerals (ASX:LPM) was out in front of the pack all day on news that the first completed diamond hole (BYLDD019) at the Lei Prospect has intersected 127m of strongly mineralised pegmatite from 609m (with a true width of ~60m), with assays pending.
LPM says the find represents “one of the largest mineralised intersections ever recorded from the Bynoe pegmatite field”, putting the Lei pegmatite in company with Core Lithium’s (ASX:CXO) previously reported world-class 119m intercept at the BP33 deposit.
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%)
Across markets
Australian shares are set for a quiet start to the day. Buyers emerged for Apple after it tumbled more than 5 per cent, though it remained lower and the key drag on US markets.
ASX futures were up 8 points or 0.1% to 7169 near 7am AEST, reversing earlier modest losses.
- On Wall St: Dow +0.2% S&P -0.3% Nasdaq -0.9%
- In New York: BHP -2.6% Rio -3.3% Atlassian +0.3%
- Tesla -0.2% Apple -2.9% Amazon +1.8% Nvidia -1.7%
The local currency was little changed; the Bloomberg dollar spot index edged up.
On bitstamp.net, bitcoin was 2.4 per cent higher to $US26,338 at 7.20am AEST.
The yield on the US 10-year note slipped 4 basis points to 4.24 per cent at 4.59pm in New York.
Source: AFR
- Flagship Llahuin project has a substantial copper resource in Chile close to existing mine development
- Resource expansion drilling poised to start in October,
- Lago lithium brine project is located close to SQM and Albermarle lithium operations
Looking to spin-off the Los Pumas manganese project into Titan Battery Minerals Technology Pty Ltd
Drilling at Southern Hemisphere’s Llahuin project is to substantially increase the existing resource towards a 25 year-mine life, piquing the interest of copper hungry majors.
Copper’s prominence has risen in modern times – due in no small part to being the key component in electrical wiring of all types, leading to the red metal being referred to as “Dr Copper” for its (mostly accurate) ability to predict market trends.
Its star is expected to shine brighter as the pace of electrification accelerates. Whilst prices remain subject to market whims, with weak demand from China impacting on pricing, there is plenty of evidence that the repeat growth in demand is outstripping the mining industry’s ability to keep up.
On some demand outlooks, we’d need the equivalent of an extra Escondida — ~1Mtpa, the world’s largest copper operation — each year until 2030.
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: $0.099 -34.00%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.15 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: $0.007 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 Unchanged
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: $0.008 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 AEVO
Today’s Price Change: $0.009 -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: $0.045 -4.26%
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: $0.225 +4.65%
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: $0.036 -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: $0.012 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.68 +4.62%
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: $0.035 -2.78%
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 -19.05%
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 -16.67%
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
No responses yet