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UK faces gold shortage as London traders divert bullion to New York amid Trump’s tariffs
A number of media sources have reported the United Kingdom is being hit with a serious gold shortage, forcing London traders to direct bullion to the US to overcome the impact of Donald Trump’s new global trade tariffs. An estimated $134 billion (US$82b) has reportedly been transferred from the Bank of England to New York, […]
Nimy Resources and M2i Global join forces to support US gallium supply chain
Nimy Resources (ASX: NIM) has opened up a pathway for the supply of high-value gallium to the US government’s defence sector from its projects in Australia. The company has executed a strategic, non-binding collaboration agreement with US global critical minerals supply chain firm M2i Global Inc. that has the ultimate aim of supporting the US […]
Wellnex Life reports record $3m in monthly sales as it pursues dual listing on LSE
Wellnex Life (ASX: WNX) has reported record sales of $3 million per month for November and December 2024, with 56% of the revenue coming from its own high-margin brands. The total of $11.94m in sales for the first half of the financial year 2025 represented an increase of 112% against the $5.63m recorded in the previous […]
New Murchison Gold to fast-track high-grade Crown Prince deposit after feasibility study
New Murchison Gold (ASX: NMG) has accelerated plans to develop the high-grade Crown Prince deposit at its Garden Gully gold project in Western Australia with the completion of a positive feasibility study and the release of an ore reserve estimate. The feasibility study has identified a pre-tax cash flow of $226 million over a period […]
OzAurum Resources identifies new high-grade gold target at Mulgabbie North
Aircore (AC) drilling by junior explorer OzAurum Resources (ASX: OZM) has confirmed a new high-grade gold target within its Mulgabbie North project in Western Australia. The company completed 51 holes for a total of 2,013 metres, identifying the shallow target at a newly mapped cross-fault zone along the Relief Shear strategically located 1.3 kilometres south […]
Tartana Minerals advances towards 600,000tpa Mungana plant deal, plans copper production growth
Tartana Minerals (ASX: TAT) is in advanced discussions with Mt Garnet Mining Finance (MGMF) to manage the Mungana processing plant in the Chillagoe region of far north Queensland which is currently under care and maintenance. The plant — along with the Mungana and King Vol underground mines and several undeveloped projects near Tartana’s operations — […]
Now small investors on the ASX can pull off ‘The Big Short’
One of the greatest recent films on share markets was The Big Short which was released in 2015. Starring Steve Carell, it did a fairly good job of explaining how shorting works and in particular how gathering information on the sort of junk property loans that were then being written in the US and collected […]
NH3 Clean Energy completes key engineering phase to advance WAH2 ammonia project
NH3 Clean Energy (ASX: NH3) (formerly Hexagon Energy Materials) has completed the engineering component of a preliminary front-end engineering and design (pre-FEED) study for its flagship WAH2 low-emissions ammonia project in Western Australia. The results will be combined with pricing from preliminary commercial agreements between NH3 and its partners to produce updated pre-FEED financial modelling. […]
Weekly wrap: miners bounce back as market extends rally
A top performance by mining, real estate and technology companies on Friday helped to propel the Australian share market to its biggest weekly gain in a month. With fears about severe tariffs for China starting to diminish, investors were rushing back into sold down mining stocks. That helped to propel the ASX 200 index up […]
Elevate Uranium ramps up Koppies exploration and U-pgrade testing following $25m placement
Elevate Uranium (ASX: EL8) is cashed up and looking to advance both its Koppies uranium project in Namibia and development of its unique U-pgrade uranium ore beneficiation process. The company recently completed a placement to raise $25 million via a two-tranche placement to domestic and offshore institutional investors including specialist uranium and natural resources funds. […]
Blue Energy brings Sapphire 5 and 6 pilot gas wells back online after production issues
Gas developer Blue Energy (ASX: BLU) has successfully brought its Sapphire 5 and 6 lateral pilot wells back online after they were impacted by mechanical issues. Surface facility maintenance issues involving generators had interrupted production testing of the pilot wells. Field staff have begun dewatering the wells following these interruptions and they continue to produce […]
Tambourah Metals expands WA gold prospects with high-grade intercepts and new targets
Tambourah Metals (ASX: TMB) has continued to advance the potential of its Western Australian gold projects with multiple exploration successes during the December quarter. The company successfully expanded on historic results at the World’s Fair prospect with key intercepts during the reporting period. The World’s Fair program was supported by a grant of $75,000 from […]
NoviqTech secures funding, expands blockchain partnerships and prepares for US OTC listing
Ledger technology specialist NoviqTech (ASX: NVQ) enters the new quarter in a strong financial position as it cements new global partnerships and moves towards increasing revenues. NoviqTech increased its total holdings of Hedera HBAR tokens to 1.91 million during the December quarter, raising its combined cash and HBAR assets to more than $1.73 million. The […]