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Weekly wrap: looming rate cuts propel ASX 200 to three month high
Expectations of interest rate cuts to come helped propel the Australian share market to a three-month high. With inflation falling back into the RBA target zone in Australia, investors are betting that the Reserve Bank and also the US Fed will be looking to cut official interest rates sooner rather than later. By the close […]
Hastings Technology Metals sells 60% of Yangibana project to Wyloo in strategic JV agreement
Hastings Technology Metals (ASX: HAS) has entered into a definitive agreement to sell a 60% interest in the Yangibana rare earths and niobium project to the Andrew Forrest-backed Wyloo Metals. The company has also agreed to form an unincorporated joint venture (JV) for the Yangibana project, which is located in the Gascoyne region of Western […]
Comms Group to acquire TasmaNet for $10m in revenue-boosting deal
Communication technology specialist Comms Group (ASX: CCG) has signed a binding business sale agreement (BSA) to acquire leading Australian digital solutions provider TasmaNet for $10 million. The company is conducting the purchase along with the acquisition of select assets of the broader Field Solutions group of entities, TasmaNet’s current owner. These include a significant fixed […]
Midas Minerals to fast-track drilling at newly acquired Otavi copper project in Namibia
Midas Minerals (ASX: MM1) plans to hit the ground running at the high-grade Otavi copper project in Namibia after making what it says is a company-changing acquisition. The Western Australian gold and lithium explorer is acquiring 10 exclusive prospecting licences at Otavi from leading Brazilian base metals producer Nexa Resources. The project – located approximately […]
Altech Batteries proves extended shelf life of CERENERGY sodium-nickel-chloride technology
Altech Batteries (ASX: ATC) has used a previous form of technology to confirm the exceptional robustness and long-term shelf life of its unique CERENERGY sodium-nickel-chloride (Na Ni-Cl) battery. In a recent examination of the Na Ni-Cl technology’s durability, a 28-year-old Zebra battery originally manufactured by AEG ZEBRA in Berlin and left unused in storage was […]
IEA forecasts one in four cars sold globally in 2025 will be electric as EV sales hit new highs
A new International Energy Agency (IEA) report suggests that electric vehicle (EV) sales continue to grow, with more than 25% of cars sold worldwide this year forecast to be electric. The IEA’s annual Global EV Outlook study also reported that sales of electric cars are on track to surpass 20 million in 2025. Despite significant […]
Peak Rare Earths board endorses takeover proposal from major shareholder Shenghe Resources
The board of Peak Rare Earths (ASX: PEK) has given its support to a proposed takeover of the company by China’s Shenghe Resources. A partly state-owned Chinese rare earths mining and processing company, Shenghe has proposed to acquire 100% of Peak by way of a scheme of arrangement. Shenghe is Peak’s major shareholder and owns […]
Immutep delivers major breakthrough with 59.6% response rate in lung cancer trial
Late-stage biotechnology specialist Immutep (ASX: IMM) has achieved significant improvement in response rates compared to historical controls in a trial evaluating its first-line non-small cell lung cancer (NSCLC) treatment candidate. The assessment of eftilagimod alpha (efti) with Keytruda and chemotherapy has achieved high response rates in the multi-centre INSIGHT-003 trial, an investigator-initiated study conducted by […]
Barton Gold tipped for major upside by Edison Investment Research as drilling accelerates at Tarcoola
A new research report has forecast strong share price growth for Barton Gold (ASX: BGD) (OTCQB: BGDFF) as it fast-tracks drilling at its Tarcoola project in South Australia. The new note from Edison Investment Research has valued Barton at between $1.61 and $2.53 per share, with as much upside as $4.00 mooted. Edison has once […]
AKORA Resources appoints new CEO to lead development of Bekisopa iron ore project
AKORA Resources (ASX: AKO) has appointed geologist and mining expert Peter Bird to the joint roles of managing director and chief executive officer following the retirement of current boss Paul Bibby. Mr Bird will be responsible for leading the development of the company’s flagship Bekisopa project in Madagascar, which AKORA expects to produce up to […]
Syrah Resources remobilises team to Balama graphite operation after site access restored
Syrah Resources (ASX: SYR) has remobilised its maintenance and inspection teams to the Balama graphite operation in Mozambique following restoration of site access this month. The project was temporarily closed in December after subsidiary Twigg Exploration and Mining declared a force majeure event, triggered by nationwide protests and widespread disruptions at several mining operations due […]
Marmota completes first geological review of new Greenewood gold deposit
Marmota (ASX: MEU) has completed its first geological review and report on the historical Greenewood gold deposit located 35 kilometres north-west of the company’s flagship Aurora Tank project in South Australia. Experienced geologist Dr Kevin Wills completed the report over a five-month period, incorporating a comprehensive analysis of the deposit along with cross-sections and scope […]
Big shake-up for superannuation and tax in EOFY overhaul
The end of the financial year is always an eventful change but this year there are a lot more changes coming through than usual. This time superannuation is undergoing what is really a momentous change with the system finally hitting maturity as the super guarantee rate increases from 11.5% to 12%. This is the final […]