Latest News
Aurum Resources continues Côte d’Ivoire gold rush with high-grade discoveries
Aurum Resources (ASX: AUE) has completed a strong period of growth at its new Côte d’Ivoire project with drilling success in the gold-rich nation. Aurum opened the Côte d’Ivoire chapter of its story when it entered into a binding heads of agreement to acquire specialist West African drilling company PlusOr Global and its interest in […]
Chariot Corporation expands Black Mountain project with promising lithium discoveries
Chariot Corporation (ASX: CC9) remains confident it is well-positioned for 2024 with adequate liquidity to support further exploration activities across its lithium portfolio. The company has a strong cash position of approximately $5.18 million as at 31 March 2024 and no debt. Activity-wise, Chariot is particularly buoyed by its first hard rock lithium discovery made […]
New York Stock Exchange explores 24/7 trading to keep up with crypto markets
The New York Stock Exchange (NYSE) is considering 24-hour stock trading in an effort to match the uninterrupted environment of cryptocurrency markets. The exchange’s data analytics team is surveying market participants to seek their interest and support for transitioning to a 24/7 trading model. The survey considers extended trading to challenge the traditional Monday-to-Friday schedule […]
BHP aims for global copper dominance with $60b Anglo American bid
BHP Group (ASX: BHP) has made a $59.74 billion takeover bid for British multinational mining company Anglo American with a view to forging the world’s biggest copper miner. Under the terms of the all-share proposal, Anglo shareholders will be offered $48.17 per share following a spin-out of the company’s iron ore and platinum assets in […]
International Graphite successfully raises $3m to advance Springdale graphite project
International Graphite (ASX: IG6) has completed a $3 million capital raising to advance feasibility study activities and battery anode test work at the Springdale graphite project near Collie in Western Australia. The company received firm commitments for the placement of 24 million new shares from sophisticated and professional investors at an issue price of $0.125 […]
Lithium Universe applies for green power to fuel Bécancour lithium refinery
Lithium Universe (ASX: LU7) has submitted an application with North American hydropower supplier Hydro-Québec for up to 18 megawatts of green electricity to fuel its proposed Bécancour lithium refinery in Canada. The application follows a study by Hatch Engineering to finalise the power requirements for construction, commissioning, start-up and a gradual ramp-up to full production […]
Nick Scali expands into UK market with Fabb Furniture acquisition
Australian furniture retailer Nick Scali (ASX: NCK) will make its first foray into the UK market with the acquisition and re-branding of British company Anglia Home Furnishings, which trades as Fabb Furniture. Under the terms of the deal, Nick Scali will pay a nominal cash consideration of $3.82 and an additional $6.7 million for the […]
Beware of the spruiking by active fund managers
It seems there is always a time in share markets when active fund managers start to spruik the fact that the market is turning to their favour. If they are to be believed, there are periods of time when a passive exposure to a market such as the ASX 200 through an exchange traded fund […]
Citi downgrades Australia’s big four banks on lower rate cut expectations and valuation concerns
Global investment bank Citi downgraded its recommendations for ANZ (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), National Australia Bank (ASX: NAB) and Westpac (ASX: WBC) this week after diminishing rate cut expectations exposed significant downside risks. It said any chance of a cut was progressively being pushed out, leaving banks exposed to poor earnings […]
PharmAust appoints interim CEO as company plans for pivotal Phase 2/3 study
Clinical-stage biotechnology company PharmAust (ASX: PAA) has announced that chief executive officer Dr Michael Thurn has resigned from the role and will leave the company in four months. Chief operating officer John Clark has been appointed to the role of interim chief executive officer and will be assisted by Dr Thurn and the PharmAust board […]
Augustus Minerals reports high-grade copper samples from Ti-Tree critical minerals project
Augustus Minerals (ASX: AUG) has reported rock chips grading up to 18% copper from recent field work at new targets within the Ti-Tree critical minerals project in Western Australia’s Gascoyne region. The company returned assays up to 17.8% copper and 282 grams per tonne silver from the Tiberius zone, which is currently 3 metres wide […]
Opyl divests subsidiary Opin to focus on development of AI clinical trial platform
Opyl (ASX: OPL) will divest its clinical trial recruitment subsidiary Opin to an entity controlled by global health technology entrepreneur Dr Hugo Stephenson. Under the terms of the agreement, a nominal $1 cash purchase price will ensure Opyl retains a 20% ownership stake in Opin via its interest in Trial Screen. As part of the […]
Aurum Resources reports wide gold intercepts from drilling at Boundiali targets
Aurum Resources (ASX: AUE) has reported shallow and wide intercepts from scout drilling at the BD tenement within the Boundiali gold project in Côte d’Ivoire. It is the second target to be tested in an ongoing diamond drilling (DD) program at the company’s West Africa landholding. Assays from 15 holes completed for a total 2,815m […]