Star chair Anne Ward's other sharemarket dumpster fire
Star Entertainment chairwoman Anne Ward attended 45 board meetings (of a possible 46) of the distressed casino operator in the 2024 financial year. It's surely one of the busiest director schedules on the ASX. Necessitated by Star Entertainment being a dumpster fire (which might be unfair to dumpsters and/or fires).
Less known is that Ward is also chairwoman of the ASX-listed Articore Group, the ecommerce operator of Redbubble. She joined as a director in 2018.
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News.com.au
23 minutes ago
- News.com.au
Who made the gains in May? Goldies hog top spot on the podium
The top 3 commodities for July include gold, copper and lithium DTR takes top spot for biggest monthly stock gain Resource Mining Corp nabs honourable mention With gold prices near record highs and in the vicinity of US$3300/oz, gold explorers and miners continue to crowd the leaderboards for the ASX's top resource stock gainers of May. The biggest winner for the month was goldie Dateline Resources (ASX:DTR), up a frankly quite ridiculous 978%. Worth less than $10 million only a month or two ago, the owner of the 1.1Mo Colosseum gold project in California. More on that below. It was followed by Resource Mining Corporation (ASX:RMI) and Locksley Resources (ASX:LKY) up 460% and 321% respectively. The Donald likes Dateline Much of Dateline's growth can be put down to a shoutout from US President Donald Trump on his Truth Social platform that got investors excited. DTR owns the 1.1Moz Colosseum gold project, where Trump highlighted the company's rare earths potential, sitting just a few kms from the Mountain Pass mine. The company also released an updated scoping study last week based around a gold price estimate lifted from US$2200/oz in a study compiled in October last year to US$2900/oz. With annual gold production unchanged at 71,000ozpa, that would lift net revenue before tax by 208%from US$398m to US$827m and ups the project's IRR from 31% to 61%. Before tax discounted cashflow would rise 234% to US$550m. Also this week DTR reported possible hidden extensions of gold breccia pipes at the project, pointing to the potential for hidden gold zones beyond historical workings. There's a nice upside emerging, particularly since all 641 historic drill holes targeted only the breccia pipes with surface exposure and large areas of the property remain effectively untested. Most popular commodities in May: Here are the top 50 ASX resources stocks for the month of May Scroll or swipe to reveal table. Click headings to sort. Code Description Last %Mth MktCap XTC XTC Lithium Limited 0.2 19900% $17,528,272 DTR Dateline Resources 0.097 978% $262,956,021 RMI Resource Mining Corp 0.028 460% $21,299,147 LKY Locksley Resources 0.08 321% $9,680,000 SMM Somerset Minerals 0.024 140% $9,722,874 PUA Peak Minerals Ltd 0.021 133% $56,146,426 OCN Oceana lithium 0.059 119% $7,837,294 RML Resolution Minerals 0.017 113% $7,361,016 PEK Peak Rare Earths Ltd 0.255 108% $89,789,736 HRE Heavy Rare Earths 0.041 105% $8,529,389 FRS Forrestania Resources 0.079 103% $25,772,734 HIO Hawsons Iron Ltd 0.026 100% $25,412,534 LLI Loyal Lithium Ltd 0.13 97% $13,095,298 NWC New World Resources 0.047 96% $168,210,882 TMG Trigg Minerals Ltd 0.081 88% $75,757,331 MM1 Midas Minerals 0.28 87% $38,837,399 VTM Victory Metals Ltd 0.88 85% $101,837,524 SPD Southern Palladium 0.415 84% $35,470,500 BTM Breakthrough Minerals 0.125 84% $5,264,545 VRL Verity Resources 0.029 81% $7,742,283 YAR Yari Minerals Ltd 0.009 80% $4,992,403 MEG Megado Minerals Ltd 0.014 75% $5,875,566 CDT Castle Minerals 0.1 72% $11,020,909 CDR Codrus Minerals Ltd 0.034 70% $6,822,235 TAS Tasman Resources Ltd 0.025 67% $3,314,567 BMR Ballymore Resources 0.165 65% $27,393,241 FML Focus Minerals Ltd 0.385 60% $101,728,319 ANX Anax Metals Ltd 0.008 60% $7,062,461 JAL Jameson Resources 0.04 60% $23,207,866 MGU Magnum Mining & Exp 0.008 60% $7,851,556 WTM Waratah Minerals Ltd 0.32 60% $74,723,925 STK Strickland Metals 0.145 56% $316,730,372 FG1 Flynn Gold 0.031 55% $11,348,178 VRX VRX Silica Ltd 0.062 55% $47,080,107 MTM MTM Critical Metals 0.37 54% $151,363,716 BGD Barton Gold Holdings 0.735 52% $158,720,391 AYM Australia United Min 0.003 50% $5,527,732 CMD Cassius Mining Ltd 0.024 50% $16,937,640 CTN Catalina Resources 0.003 50% $8,491,067 OB1 Orbminco Limited 0.0015 50% $4,795,136 RLL Rapid Lithium Ltd 0.003 50% $3,734,834 SER Strategic Energy 0.009 50% $6,039,300 SNX Sierra Nevada Gold 0.027 50% $4,281,137 BKT Black Rock Mining 0.03 50% $44,083,197 NNL Nordicresourcesltd 0.085 49% $14,457,374 TNC True North Copper 0.325 48% $39,010,095 WCN White Cliff Min Ltd 0.028 47% $60,408,040 NMT Neometals Ltd 0.093 45% $69,248,258 CLE Cyclone Metals 0.056 44% $72,396,276 DES Desoto Resources 0.15 43% $27,002,546 Small Cap Standouts Resource Mining Corporation (ASX:RMI) Exploration at the company's Mpanda copper-gold project has been the catalyst for its gains in May, with the company reporting impressive gold and copper grades from rock samples up to 36.7g/t gold and 11.89g/t copper from Kabungu and 13.58% copper and 3.24g/t gold from Stalike. Ten prospects make up the Mpanda Project and RMI believes results to date provide an indicator of the presence of an extensive mineralised system. There have been 16 rock chip samples from small-scale mines gathered within RMC's tenements with five samples exceeding 11g/t gold and two exceeding 10% copper from the Kabungu prospect. Last month the company also reported strong support for a $2m placement at 2.1c per share to accelerate drilling. Plus, looking forward, RMI is also assessing near-term production opportunities at Stalike and Kabungu by utilising nearby existing third-party processing infrastructure. Locksley Resources (ASX:LKY) Locksley saw some great gains in May, following a $1.47m placement at 4c per share to fund an upcoming exploration campaign, including drilling, at the Mojave antimony and rare earths project in California. While waiting for Bureau of Land Management approvals to be granted, the company's exploration team will conduct follow-up mapping and rock chip sampling across high-priority antimony, REE, polymetallic and copper targets. Drilling is expected to begin in the September quarter, and will focus on the El Campo prospect where six holes will be drilled to test TREO of up to 12.1% and the Desert Antimony Mine, with three holes testing high-grade antimony mineralisation of up to 46%. Notably, Mojave is immediately adjacent to MP Materials' high-grade Mountain Pass mine and processing facility, which is the only active REE processor in the US and produces ~15% of global REE supply. REEs and antimony are designated as critical minerals by the US government with the former – particularly magnet REEs – used to manufacture permanent rare earth magnets that are used in electric vehicle motors and wind turbines. Rock chips at Mojave have returned grades of up to 17% while sampling returned high-grade results of between 3.74% and 9.49% total rare earth oxides within a six-metre wide mineralised zone at the El Campo prospect. Somerset Minerals (ASX:SMM) Up 140% for May was Somerset Metals, who completed its acquisition of the Coppermine copper-silver project in Canada, which is adjacent to White Cliff Minerals (ASX:WCN) Rae project. Drilling at the Coronation prospect also kicked off this month, targeting large coincident geophysical and geochemical anomalies only 7km from WCN's Danvers prospect - which recently reported 58m at 3.08% copper from 52m. So far, widespread copper mineralisation has been identified, with assays expected in the next 2-4 weeks. Somerset is particularly confident of strong results since its extensive land package hosts the strike extensions to White Cliff's primary Vision, Stark, Thor, and Rocket districts, and most of the ground surrounding the Danvers prospect. Peak Minerals (ASX:PUA) PUA saw a gain of 133% for the month, thanks in part to intersecting heavy minerals (HM) across a strike length of 28km at the Minta rutile project in Cameroon. The company said the results of up to 3.1m at 8.4% HM, 6.8m at 2.8%, 3.5m at 5.0% and 6.3m at 2.4% from an additional 29 holes of reconnaissance exploration auger drilling confirm the project's significant scale. Not to mention, the initial intercepts are adjacent to the discovery hole of 4m at 1.57% HM which included 4m at 1.05% rutile. 'This second batch of results from the drilling program at the Minta Rutile Project in Cameroon continues to confirm the extensive scale and consistency of heavy mineral mineralisation across the project area,' Peak Minerals CEO Casper Adson said. 'With the Minta Project spanning over 7000km2 and this initial drilling phase covering approximately 50% of the total project area, these findings underscore the substantial potential of this emerging rutile province. 'These results reinforce the scale of the Minta Project, underscoring its potential as a significant new source of rutile and potentially a globally significant rutile province.' We wonder whether there is a case of mistaken identity here. Peak's big lift came around the same time African rare earths developer Peak Rare Earths (ASX:PEK) was taken out at a massive premium for $150.5m by Shenghe Resources. Oceana Lithium (ASX:OCN) Up 119% for May, OCN holds the Napperby project in NT which covers around ~650km2 within within the Northern Arunta pegmatite province. It also has the Solonópole project in Brazil where an exploration licence extension is pending for the promising Nera prospect. This month the company announced commitments to raise $667,000 towards progressing the projects, and to identify and assess new complimentary project opportunities. 'Securing additional funds ensures Oceana is well placed to progress the company's existing assets in Brazil and Australia, as well as continue to assess new project opportunities,' non-executive chairman Martin Helean said. 'We look forward to providing updates on exploration activities across our portfolio in the near term. 'We thank our existing shareholders for their ongoing support, and are pleased to welcome new shareholders to the company.'
Herald Sun
25 minutes ago
- Herald Sun
Powerball and Keno operator The Lottery Corporation rolls out $70m upgrade ASX: TLC
Don't miss out on the headlines from Business. Followed categories will be added to My News. Powerball and Keno operator The Lottery Corporation has unveiled a $70m upgrade of its software and terminals, saying it will harness machine learning to create a 'more personalised' experience for its 10 million customers across Australia. TLC, which was spun out of gaming giant Tabcorp three years ago to become its own $11.93bn company, developed its own software in house for the project, eschewing top tech vendors. The upgrade included replacing about 5300 outdated lottery terminals across 3700 retailers, as well as Keno terminals. The new software can identify customer behaviours and prompt retailers to offer deals on different games, TLC chief channel officer Antony Moore said. 'I'll use me as an example. I've got my registered Saturday games, and they [the retailer] will know when it will get to a certain level of jackpot activity – let's call it $30m – that I might be interested in Powerball because the machine learning will see that through my membership activity,' Mr Moore said. 'So when I'm in store buying my Saturday registered tickets, they'll say 'hey Antony, it's $30m on Thursday night, can I interest you in a 24-game QuickPick?' I'll go, 'I hadn't thought about that'. It's personalised to me, rather than just going 'well today's Tuesday do you want an Oz ticket?' ' Nasdaq-listed Scientific Games has provided the hardware for the new terminals, which Mr Moore said would integrate with TLC's machine-learning driven personalised marketing systems. The terminals will feature a customer-facing screen with a scanner and a 'new and improved' ticket checker to validate entries and prizes. TLC chief information officer Loren Somerville said the personalisation was information that was available to the retailer to help the customer experience – similar to what small town outlets were able to offer in the past. 'Having registered customers allows us to personalise, but only as much as the customer wants it to be personalised, and then of course help protect the customer with our responsible gaming and early intervention that we have been working on,' Ms Somerville said. While in-house software has its risks – such as the ability to perform ongoing maintenance and security patches – Ms Somerville said no software company could deliver the product it wanted. 'With our core platforms and our terminal software many years ago, [for] so many years we've been building these solutions because they were the best solution in the market,' Ms Somerville said. 'When we were looking at changing, we looked at if there were better systems now that have caught up to what we are delivering before. Could we just buy it as is and then just integrate it? There were all those things around cost and the risks of maintenance and the ongoing investment that you need to make. 'Generally, some corporates have hit up against this when they build new software platforms. I mean, you wouldn't see a bank trying to build their own core platforms. Even just integrating it can be quite challenging for them. But we have been doing this for many years. We have got a really strong tech capability in-house.' The upgrade also allows TLC to perform software updates remotely. Previously, occasional firmware updates would need to be performed onsite – a cumbersome process given TLS's network of 3700 retailers. 'Rather than just going in and dumping in desktop software, the old-fashioned way, we're deploying as you would with websites,' Ms Somerville said. 'And that means we can do that more frequently, and we can do that based on any sort of data that's coming in.' Originally published as Powerball and Keno operator The Lottery Corporation rolls out $70m upgrade
AU Financial Review
39 minutes ago
- AU Financial Review
ASX to rise, S&P 500 closes higher
Australian shares are set to open higher, tracking a recovery in New York from an opening drop amid competing data, trade and geopolitical headlines. US bond yields surged higher and the greenback extended its losses. The Australian dollar leapt 1 per cent. 'Short covering and new risk flows drove an increase in bullish positioning across US large cap indexes, with position levels now the highest observed over the past month,' Citigroup's Chris Montagu said. Still, investors 'remain cautious', Montagu also said. As US and China exchange allegations of trade agreement violations, the White House is pressing for direct talks in a phone call between President Donald Trump and Xi Jinping at some point this week. Shortly after the closing bell, the US said it would extend its tariff pause on some Chinese goods until the end of August. Market highlights ASX futures are pointing up 74 points or 0.9 per cent to 8508. All US prices at 4.15pm New York time. Today's agenda A key focus on Tuesday will be the handing down of the annual award wage decision at 10am AEST. NAB said: 'With inflation back below 3 per cent, the decision is likely to be less consequential for overall wage growth, and result in an award wage rise of around 3.5 per cent.' Separately, the RBA will release minutes from its May meeting at 11.30am and Sarah Hunter, RBA assistant governor (economic) will give the keynote speech – Joining the Dots: Exploring Australia's Links with the World Economy – to the Economic Society of Australia Queensland Business Lunch, Brisbane at 1pm. eToro's Josh Gilbert said he's looking for the minutes to provide a deeper insight into the RBA's current outlook amid global economic uncertainty. 'The RBA remains cautious about inflation, and we can clearly see why. While the inflation figures aren't a reason to panic, they do mean that a rate cut in July is certainly not nailed on. Last week's rate cut, in which the cash rate decreased to 3.85 per cent, doesn't necessarily set the stage for back-to-back cuts.' There will be several GDP partial data points released on Tuesday, as well as NZ's international trade data, China Caixin PMI manufacturing, Eurozone CPI and later US durable goods, factory orders and JOLTS job openings. Top stories Greens senator defects to Labor on eve of super tax talks | The defection came just an hour after Greens Senator Sarah Hanson-Young suggested the minor party could compromise on its demands the government drop the threshold for the proposed tax and index it. | Assistant Minister for Productivity Andrew Leigh said government too often rewarded process over outcomes. Chanticleer: This is what the Soul Patts deal is really about | There's plenty of history in Soul Patts' merger with Brickworks, but at the heart of the deal is a $2 billion prize that completes Soul Patts' portfolio.
