Finally, a reprieve from the heavy rain that forced evacuations yesterday in Northern Victoria.
We’ve seen everything but a quintessential Australian summer so far!
Market highlights
ASX futures up 73 points or 1% to 7505 near 7.20am AEDT
- AUD +0.1% to 67.17 US cents
- Bitcoin +6.1% to $US46,922 at 7.25am AEDT
- On Wall St at 3.25pm: Dow +0.4% S&P +1.3% Nasdaq +2.1%
- In New York: BHP -0.2% Rio +0.1% Atlassian +3.7%
- Tesla +1.5% Apple +2.3% Nvidia +5.6% Boeing -7.7%
- VIX -1.4% QQQ +2% TLT +0.6%
- Stoxx 50 +0.5% FTSE +0.1% DAX +0.7% CAC +0.4%
- Spot gold -0.9% to $US2028.07/oz at 2.21pm in New York
- Brent crude -3.5% to $US76.04 a barrel
- US oil -4.2% to $US70.74 a barrel
- Iron ore -0.5% to $US137.85 a tonne
- 10-year yield: US 4.01% Australia 4.16% Germany 2.13%
- US prices as of 3.22pm in New York
Across Markets
Australian shares are poised to rise in line with gains in New York as tech rebounded after a stumble to start 2024. Nvidia paced the Magnificent Seven, though tech rallied broadly. Bitcoin surged, rising above $US47,000 for the first time since April 2022.
Boeing slumped, as expected, as its reputation took another hit from the accident with Alaska Airlines over the weekend.
Tesla was higher, despite a Wall Street Journal story detailing recreational drug use by Elon Musk.
Commodities are having a rough start to the trading week in New York with Brent tumbling 4 per cent and iron ore easing. Gold slid near 1 per cent.
Nvidia’s leap came after it unveiled three new desktop graphics chips with extra components that will let gamers, designers and other computer users make better use of AI on their personal machines without having to rely on remote services accessed over the internet, Bloomberg reported.
Apple also was higher, recouping some of last week’s losses, after saying its Vision Pro mixed-reality device will be available for sale from February 2 in the US.
The NYSE Fang + Index was 2.3 per cent higher at 2.24pm in New York with all seven of the Magnificent Seven more than 1 per cent higher. Among “smaller” techs, AMD, Crowdstrike and Palantir were each at least 5 per cent higher with Zscaler, Pinterest. Atlassian, Intel, Lyft and Block advancing at least 3 per cent.
Source: AFR
- 13 drill holes have been completed and significantly widened the identified main pegmatite at Blakala
- Drilling has intersected widths at depth at the eastern pegmatite
- The Main 1.2km-long pegmatite strike now open to the north, south and at depth
Special Report: 13 diamond core drill holes have intersected significant widths at depth at the >1km main pegmatite and completed the first drill intersections of the promising eastern pegmatite at First Lithium’s Blakala deposit.
Recent drilling observing signification pegmatite intersections in all 19 drill holes at Blakala had shown up to 3.39% Li2O, from the first three diamond hole assays with an average grade of 1.5% Li2O across the cores.
Blakala is the most significant deposit of First Lithium’s (ASX:FL1) Gouna project and one of only two Tier 1 priority targets in Mali as ranked by CSA Global in 2008, the other being Leo Lithium’s (ASX:LEO) 211Mt Goulamina project – which is now proved up as the fifth largest hard rock lithium deposit in the world.
The deposit is <5km from the main highway connecting it to the port of Abidjan and the first batch of diamond drilling results so far is confirming the potential for Blakala to become a world-class lithium project.
Drilling into pegmatite
An additional 1,703m has been drilled in the latest 13 holes for a combined total of 4,008m as part of FL1’s 6,000m Blakala diamond drilling program.
The Main, Western and Eastern pegmatite bodies have now been intersected at Blakala after the next lot of 13 drill holes were completed at the project.
Holes BDFS20, BDFS21, BDFS23, BDFS26, BDFS28 and BDFS31 intersected a total of over 200m of pegmatite in the Western pegmatite body, with intersection widths of up to 19.4m, 7.06m, 21.00m, 7.37m, 11.24m and 16.54m identified.
While at the Eastern pegmatite, holes BDFS24, BDFS25, BDFS27, BDFS29, BDFS30 and BDFS32 are the first to have been drilled, intersecting a total of 116.62m of pegmatite, including well-mineralised pegmatite widths of 13.03m, 19.83m, 23.30m, 14.33m, 17.08m and 14.99m respectively.
Hole BDFS22 was drilled on the northern extent of the Main pegmatite body, intersecting three pegmatites totalling 34.47m with widths of up to 13.45m and 19.22m.
The strike of the main pegmatite is now confirmed at 1,200m with diamond drilling and is still open to the north, south and at depth.
Hole BDFS20 also intersected the mineralised main pegmatite at depths of 150m to 220m under surface for two pegmatite intersections, being a 19.99m intersection (with 1m of schist) and a 12.11m respectively.
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: $0.005 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13 with 1:1 T92O
Today’s Price Change: $0.125 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.135 -6.90%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.0045 -18.18%
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: $0.006 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: $0.008 -11.11%
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: $0.013 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 -4.92%
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: $0.17 -2.86%
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: $0.007 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: $0.425 -6.59%
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: $0.03 +3.45%
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: $0.015 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 -2.22%
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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