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Weekly wrap: early dip erased as ASX hits two-month high
Despite an early dip the Australian share market jumped to a two-month high on Friday as hopes grew of a tariff deal between the US and China. By the close of trade, the ASX 200 was up 92.5 points to 8238 points after a seven day stretch of gains. For the week the ASX 200 […]
GWEC highlights Australia’s strong wind resources as key to energy transition
The Global Wind Energy Council (GWEC) says Australia has some of the world’s best onshore and offshore wind resources and sees the sector playing a larger role in the country’s energy transition away from ageing coal-fired generation. While some analysts have expressed concerns about the Australian wind energy industry’s pace of development, particularly the offshore […]
Dateline Resources plans OTCQB market listing as US interest in Colosseum mine surges
Dateline Resources (ASX: DTR) is planning to seek an OTCQB market listing on the back of growing US interest in its Colosseum rare earth element (REE)-gold mine and an acknowledgment from US president Donald Trump. “The Colosseum mine, America’s second rare earths mine, has been approved after years of stalled permitting,” President Trump recently posted […]
Viking Mines identifies high-grade gold intercept with drilling at Riverina East project
Taking advantage of a new ‘drill-for-equity’ deal, Viking Mines (ASX: VKA) has identified a visible high-grade gold intercept in its drilling program at the Riverina East project in Western Australia. The company is conducting the “greenfield” program at Riverina East under an agreement it signed with contractor Topdrill in early April, whereby the company is […]
Corrs warns Coalition’s gas reservation plan may breach Australia’s treaty obligations
In the lead-up to this weekend’s Australian federal election, leading independent law firm Corrs Chambers Westgarth has raised concerns over the impact a proposed new east coast gas reservation policy could have on the nation’s trade reputation. Opposition leader Peter Dutton has revealed a Coalition government would introduce a gas reservation scheme on Australia’s east […]
Warriedar Resources unveils major antimony resource and MRE upgrade at Ricciardo deposit
Warriedar Resources (ASX: WA8) has unveiled what it believes is Australia’s largest open-pit antimony resource at its Ricciardo deposit in Western Australia. Ricciardo’s maiden antimony mineral resource estimate (MRE) has come out at 12.2 million tonnes at 0.5% and the company also reported a 107% increase in the project’s total MRE to 1.96 million ounces of […]
Platinum Asset Management explores merger with L1 Capital to boost scale and investment diversity
Platinum Asset Management (ASX: PTM) has confirmed it is in early discussions with Melbourne-based hedge fund L1 Capital regarding a potential merger of the two companies. The deal would combine the complementary investment firms to create a business with funds under management of approximately $18 billion and a valuation of about $1.3b based on Platinum’s […]
How to invest for growth and still get good dividends
One of the toughest choices many investors face is between investing for capital growth or for dividends. Go for growth alone and you may face greater volatility and a lack of income while investing just for dividends may land you with a lot of mature businesses that throw off cash but grow slowly and don’t […]
Andromeda Metals achieves breakthrough in lower-emission HPA production at Great White
South Australian minerals explorer Andromeda Metals (ASX: ADN) has unveiled a major breakthrough in the commercial production of critical mineral high purity alumina (HPA). Added to Australia’s critical minerals list in March 2022, HPA is a refined form of aluminium oxide with a purity level of 99.99% or higher, making it essential for various high-tech […]
Dimerix and Amicus Therapeutics partner to commercialise kidney disease treatment DMX-200 in the US
Drug developer Dimerix (ASX: DXB) and US biopharmaceuticals company Amicus Therapeutics have entered into an exclusive US licence agreement for the commercialisation of Dimerix’s lead candidate DMX-200. The drug is under development in a pivotal Phase 3 study known as ACTION3 for the treatment of rare-but-fatal kidney disease focal segmental glomerulosclerosis (FSGS). Under the terms […]
Blackstone Minerals confirms high-grade copper-gold zone at Mankayan project in the Philippines
Results from Blackstone Minerals’ (ASX: BSX) initial drilling program at the Mankayan copper-gold porphyry project seem to vindicate the company’s recent move into the Philippines. Best known for its nickel work in Vietnam, Blackstone acquired 100% of IDM International earlier this year in an all-scrip transaction that included the purchase of the Mankayan project. The […]
EVE Health to enter global therapeutics space with $3m Nextract acquisition
EVE Health (ASX: EVE) will execute a change in direction from functional foods to regulated health markets with a $3 million acquisition of biotech company Nextract and its oral delivery technologies. Nextract’s lead product is an alcohol-free, orally dissolvable film with a 15-minute therapeutic onset designed to address the US$5.3 billion global erectile dysfunction market. […]
International Graphite’s Springdale project a potential critical mineral source for US and Europe
Geopolitical events during the March quarter have strengthened International Graphite’s (ASX: IG6) belief that its Springdale project in Western Australia has the potential to become a significant critical mineral source for the US and Europe. Managing director Andrew Worland said that developing alternative graphite sources was imperative if the US and Europe hoped to secure […]