Weekly review: banks bounce back as lending laws relaxed
It only took one stroke of the pen from Treasurer Josh Frydenberg and the big banks were back in business, once again dominating the share market and adding an almost instant $15 billion of valuation.
The decision by the Treasurer to greatly relax responsible lending rules for...
Drawbacks of the TGA’s cannabis changes for listed pot stocks
Having been subject to a harsh reality check over the last year or so, the ASX-listed cannabis sector is applauding the local medicine regulator’s endorsement of the weed as an effective therapy that should be more freely available to the ailing masses.
But the path to the pha...
Variscan Mines defines new 9km zinc-lead drilling target at Novales-Udias
Spain-focused Variscan Mines (ASX: VAR) has defined a 9km-long mineralised trend at its zinc-lead Novales-Udias project and will now do step-out drilling to explore the area.
The company’s project is on trend with the historic San Jose-Novales mine and about 10km from the worl...
Vulcan Energy appoints former Tesla director to its Zero Carbon Lithium team
Vulcan Energy Resources (ASX: VUL) has announced the appointment of a former Tesla director to its ranks, in a bid to advance its Zero Carbon Lithium product globally and enable an environmentally friendly “electric mobility transition” in the wider industry.
Commencing immedi...
Venus Metals grows gold resource at Sandstone project
Gold explorer Venus Metals (ASX: VMC) has grown the contained gold resource at its Sandstone Bellchambers project by almost 30%.
The company owns 90% of the asset, which is located 23km southwest of Sandstone in Western Australia and covers most of the historic Bellchambers mi...
Resolution Minerals on track to meet Alaska spend conditions, identifies new gold targets
Resolution Minerals (ASX: RML) is on track to complete the first-year earn-in requirements at its 64North gold project in Alaska.
The company has also reported identifying an anomaly at, and potential extensions to, its Boundary prospect within 64North.
Resolution is earnin...
Navarre Minerals reports more high-grade gold at Stawell Corridor project
Advanced explorer Navarre Minerals (ASX: NML) has confirmed a continuation of strong and consistent grades of gold mineralisation from diamond drilling at the Resolution Lode target within its Stawell Corridor project in Victoria.
New results from the 10,000m program are belie...
Aussie Broadband launches $40m IPO to capitalise on a changing digital market
Internet service provider Aussie Broadband will use changing digital market trends brought on by the COVID-19 pandemic to stage a $40 million initial public offering and make its way onto the ASX boards next month.
The company is set to issue up to 40 million shares at $1 each...
Miramar Resources closes oversubscribed IPO after 24hrs
Junior Western Australian explorer Miramar Resources has had a golden start to the ASX listing process, having raised a targeted maximum subscription of $8 million just 24 hours after launching its initial public offer (IPO).
The gold-focused company opened and closed its offe...
Argent Minerals to get larger rig at Kempfield, better weather expected to accelerate drilling
Argent Minerals (ASX: ARD) has secured a larger rig and is expecting better weather to enable ongoing and deeper drilling at its Kempfield project in NSW’s Lachlan Fold Belt.
In the current stage one drilling program, 1,725m have been completed out of the planned 3,500m.
Ea...