Closing Bell: ASX dips 0.15pc as traders bide their time
Tech sector a bright spot, up 1.09pc
All Ord Gold index weighs heavy, down 2.28pc
ASX nudges lower as investors stick to the sidelines
There's a little too much geopolitical chaos brewing for most trader's appetite at present, leading to a subdued day of trading that left the ASX down 0.15%.
It was looking like the bourse might tip into the green around midday, but it was not to be.
The materials sector, undercut by falling gold and iron ore stocks, fell 1.56%.
Pantoro Gold (ASX:PNR) shed 5%, Mineral Resources (ASX:MIN) 4.9%, Fortescue (ASX:FMG) 3.8% and Perseus Mining (ASX:PRU) 3.6%.
Looking at our indices, only the All Tech made any real progress today, lifting 0.62% alongside the info tech sector's 1.09% gain.
Standouts include archTIS (ASX:AR9) up 62%, Simble Solutions (ASX:SIS) adding 50% and Locate Technologies (ASX:LOC) up 14%. You can read more about the first two below.
ASX SMALL CAP LEADERS
Today's best performing small cap stocks:
Security Name Last % Change Volume Market Cap
AR9 Archtis Limited 0.22 63% 5982156 $38,875,565
LU7 Lithium Universe Ltd 0.0095 58% 41621735 $4,715,878
IFG Infocusgroup Hldltd 0.009 50% 11413553 $1,655,771
SIS Simble Solutions 0.0045 50% 8131041 $2,628,991
DGR DGR Global Ltd 0.006 50% 1471000 $4,174,784
ECT Env Clean Tech Ltd. 0.003 50% 30302356 $8,013,537
LNR Lanthanein Resources 0.0015 50% 5851968 $2,810,182
MOM Moab Minerals Ltd 0.0015 50% 600000 $1,733,666
EUR European Lithium Ltd 0.064 45% 30114806 $63,587,984
NPM Newpeak Metals 0.018 38% 3297314 $4,186,933
RPG Raptis Group Limited 0.096 37% 88920 $12,273,970
ICG Inca Minerals Ltd 0.009 29% 6858992 $11,034,730
SRL Sunrise 0.835 28% 593941 $58,647,874
MEM Memphasys Ltd 0.005 25% 100000 $7,934,392
SKK Stakk Limited 0.005 25% 456000 $8,300,319
VRC Volt Resources Ltd 0.005 25% 100000 $18,739,112
L1M Lightning Minerals 0.065 23% 667410 $5,476,401
EXT Excite Technology 0.011 22% 16885819 $18,653,777
BSA BSA Limited 0.085 21% 256246 $5,271,018
AUR Auris Minerals Ltd 0.006 20% 100000 $2,383,130
ICR Intelicare Holdings 0.006 20% 180000 $2,430,941
ATM Aneka Tambang 0.995 20% 2360 $1,082,029
LOC Locatetechnologies 0.125 19% 2555462 $24,006,852
NUC Nuchev Limited 0.225 18% 20000 $27,804,468
CR3 Core Energy Minerals 0.013 18% 357411 $4,343,319
Making news…
Simble Solutions (ASX:SIS) is raising $527k to grow its sustainability software business, locking in $500k from a placement.
It will use the funds for working capital and stash $200k in Bittensor (TAO), a decentralised AI crypto, to earn staking rewards and support its long-term strategy. Faldi Ismail steps in as non-exec chair, bringing 20+ years in deals, listings and capital markets.
archTIS (ASX:AR9) has cracked into the UK defence market, locking in a three-year contract worth $263k with the UK arm of a global aerospace giant.
The deal covers 400 NC Protect licences to help meet strict UK Ministry of Defence data security rules in Microsoft 365. This follows a recent win with the US Department of Defense.
European Lithium (ASX:EUR) says Critical Minerals Group (ASX:CMG), which it owns 63% of, has landed a non-binding US$120m Letter of Interest from the US EXIM Bank to help develop the Tanbreez rare earths project in Greenland.
The funding, if finalised, would be non-dilutive and run over 15 years. If it goes ahead, EUR said the package would support one of the world's largest rare earth deposits and boost Western supply chains.
Check out Stockhead's Break it Down for more.
NewPeak Metals (ASX:NPM) says Lakes Blue Energy, in which it holds a 16.3% stake, is raising $6.5 million at $0.75/share through a fully underwritten placement ahead of its planned ASX relisting around June 24.
The funds will help kick off drilling of the Wombat-5 well in the Gippsland Basin, targeting up to 10 terajoules a day from a 1.5km lateral. The Victorian government has given consent to drill, pending rehab bond payments, with spudding expected the week of July 21.
Lithium Universe (ASX:LU7) has secured global rights to a new microwave-based tech from Macquarie University that makes recycling solar panels cleaner and more efficient.
It's raising $1.7m to back the move, with solar waste set to hit 78 million tonnes by 2050, and most panels still ending up in landfill.
ASX SMALL CAP LAGGARDS
Today's worst performing small cap stocks:
Security Name Last % Change Volume Market Cap
ICU Investor Centre Ltd 0.001 -67% 70753 $913,534
BGE Bridgesaaslimited 0.012 -33% 374751 $3,597,466
AQX Alice Queen Ltd 0.003 -25% 130586 $4,998,560
CTN Catalina Resources 0.003 -25% 6593391 $9,704,076
HLX Helix Resources 0.0015 -25% 600000 $6,728,387
SRN Surefire Rescs NL 0.0015 -25% 912548 $4,972,891
AAU Antilles Gold Ltd 0.004 -20% 83000 $11,656,840
FIN FIN Resources Ltd 0.004 -20% 800001 $3,474,442
MEL Metgasco Ltd 0.002 -20% 639149 $4,267,210
OMG OMG Group Limited 0.004 -20% 2780701 $3,641,474
OVT Ovanti Limited 0.002 -20% 141369 $7,513,788
PRM Prominence Energy 0.004 -20% 6575087 $1,945,882
TMX Terrain Minerals 0.002 -20% 2139672 $5,621,392
ICE Icetana Limited 0.06 -19% 5845692 $39,355,118
GRL Godolphin Resources 0.009 -18% 3760759 $4,937,606
JNO Juno 0.027 -18% 16127 $6,904,823
CLG Close Loop 0.025 -17% 9821323 $15,955,496
SCP Scalare Partners 0.1 -17% 32004 $5,020,203
AZL Arizona Lithium Ltd 0.005 -17% 12603369 $31,621,887
MAT Matsa Resources 0.059 -16% 2799649 $51,334,350
HAR Harangaresources 0.058 -15% 2370636 $7,758,747
RMY RMA Global 0.029 -15% 40700 $22,587,276
WTM Waratah Minerals Ltd 0.28 -15% 2492569 $76,475,267
HYD Hydrix Limited 0.012 -14% 246158 $3,818,764
LEG Legend Mining 0.006 -14% 2888749 $20,380,340
IN CASE YOU MISSED IT
Nordic Resources' (ASX:NNL) data review indicates there's more gold mineralisation than meets the eye at Hirsikangas as the company prepares for a JORC resource estimate.
An expanded three-rig campaign at Waratah Minerals' (ASX:WTM) Spur project has confirmed extensions to known gold mineralisation at the Spur Gold Corridor.
Brookside Energy (ASX:BRK) has flagged two newly emerging sub-plays within its SWISH Area of Interest in Oklahoma's Anadarko Basin.
Personalised audio tech provider Audeara (ASX:AUA) has delivered record revenue exceeding $3.64 million for the 11 months to end of May FY25.
iTech Minerals (ASX:ITM) has identified gold and antimony in data from historical drilling and rock chips at Falchion prospect of its Reynolds Range project in the NT.
Firetail Resources (ASX:FTL) has defined an 800m strike trend of copper volcanogenic massive sulphide -style mineralisation at Earl's Target within its Skyline copper project in Newfoundland, Canada.
Lumos Diagnostics (ASX:LDX) has treated its 500th patient in a CLIA waiver study for FebriDx, a move making it more accessible by clinicians.
TRADING HALTS
Adveritas (ASX:AV1) – cap raise
Cygnus Metals (ASX:CY5) – cap raise
Lode Resources (ASX:LDR) – correction of Webbs Consol announcement
Odyssey Gold (ASX:ODY) – cap raise
Riedel Resources (ASX:RIE) – cap raise
LAST ORDERS
EBR Systems (ASX:EBR) has accepted applications for a total of $20m under a heavily oversubscribed security purchase plan, raising a total of $75.9m after a recent $55.9m placement.
The funds will support a ramp up of commercial efforts for EBR's novel WiSE system, the world's only wireless, endocardial (inside the heart) pacing system in clinical use for stimulating the heart's left ventricle.
At Stockhead, we tell it like it is. While EBR Systems, Lithium Universe and European Lithium are Stockhead advertisers, they did not sponsor this article.
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Daily Telegraph
6 hours ago
- Daily Telegraph
The Sell: Lingerie queen finds bolthole at Circular Quay
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News.com.au
7 hours ago
- News.com.au
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The Advertiser
9 hours ago
- The Advertiser
Pacific-Aust 'commonality' important in uncertain times
Anthony Albanese has hailed the importance of personal relationships with Pacific nations at a time when other powers are seeking to increase their influence. The prime minister, who will host Fijian counterpart Sitiveni Rabuka when the Wallabies take on Fiji in their one-off Rugby Union Test in Newcastle on Sunday, reiterated the importance of soft diplomacy in the region. "Relationships between nations essentially come down to relationships between people," he told ABC Radio on Saturday. "It is a great way in which our nations can show our commonality. We are all members of the Pacific family." Australia has provided $10 million over seven years for the Fijian Drua women's and men's teams in the Super Rugby Pacific and Australia Super W competitions. Some $600 million over a decade for a PNG NRL team had also cemented the relationship between the two neighbouring nations, Mr Albanese said. 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Mr Rabuka met with Governor-General Sam Mostyn at Government House in Canberra earlier this week. In a keynote address at the National Press Club on Wednesday, he spoke glowingly of bilateral ties between Suva and Canberra in a deteriorating world. "Unfortunately for now, I contest the region's outlook is more uncertain than at any time since Fiji's independence in 1970," he said. "Perhaps we have reached a point in our Fiji-Australia relationship where a renewed and elevated Vuvale partnership needs a further step-up to an agreement for a treaty." Anthony Albanese has hailed the importance of personal relationships with Pacific nations at a time when other powers are seeking to increase their influence. The prime minister, who will host Fijian counterpart Sitiveni Rabuka when the Wallabies take on Fiji in their one-off Rugby Union Test in Newcastle on Sunday, reiterated the importance of soft diplomacy in the region. "Relationships between nations essentially come down to relationships between people," he told ABC Radio on Saturday. "It is a great way in which our nations can show our commonality. We are all members of the Pacific family." Australia has provided $10 million over seven years for the Fijian Drua women's and men's teams in the Super Rugby Pacific and Australia Super W competitions. Some $600 million over a decade for a PNG NRL team had also cemented the relationship between the two neighbouring nations, Mr Albanese said. He said investments in sports were linked with education and economic development, resulting in better health outcomes and stronger, more secure and smarter Pacific populations. At a time when the United States is pulling away and China and Russia are trying to increase their influence, the prime minister stressed the importance of positioning Australia as the partner of choice. "We have a considerable defence and security presence throughout the Pacific and that's very much, in these uncertain times, in Australia's interests," he said. "One of the ways that we cement that is through those personal relations." Mr Albanese was keen to highlight Australia's upgraded defence and security relationships with Fiji, PNG, Tuvalu, Nauru and other smaller nations in the Pacific. "We are family and we assist each other as friends, not with strings attached," he said. "What we do is we help each other out because of our common interests and our common values." Mr Rabuka met with Governor-General Sam Mostyn at Government House in Canberra earlier this week. In a keynote address at the National Press Club on Wednesday, he spoke glowingly of bilateral ties between Suva and Canberra in a deteriorating world. "Unfortunately for now, I contest the region's outlook is more uncertain than at any time since Fiji's independence in 1970," he said. "Perhaps we have reached a point in our Fiji-Australia relationship where a renewed and elevated Vuvale partnership needs a further step-up to an agreement for a treaty." Anthony Albanese has hailed the importance of personal relationships with Pacific nations at a time when other powers are seeking to increase their influence. The prime minister, who will host Fijian counterpart Sitiveni Rabuka when the Wallabies take on Fiji in their one-off Rugby Union Test in Newcastle on Sunday, reiterated the importance of soft diplomacy in the region. "Relationships between nations essentially come down to relationships between people," he told ABC Radio on Saturday. "It is a great way in which our nations can show our commonality. We are all members of the Pacific family." Australia has provided $10 million over seven years for the Fijian Drua women's and men's teams in the Super Rugby Pacific and Australia Super W competitions. Some $600 million over a decade for a PNG NRL team had also cemented the relationship between the two neighbouring nations, Mr Albanese said. He said investments in sports were linked with education and economic development, resulting in better health outcomes and stronger, more secure and smarter Pacific populations. At a time when the United States is pulling away and China and Russia are trying to increase their influence, the prime minister stressed the importance of positioning Australia as the partner of choice. "We have a considerable defence and security presence throughout the Pacific and that's very much, in these uncertain times, in Australia's interests," he said. "One of the ways that we cement that is through those personal relations." Mr Albanese was keen to highlight Australia's upgraded defence and security relationships with Fiji, PNG, Tuvalu, Nauru and other smaller nations in the Pacific. "We are family and we assist each other as friends, not with strings attached," he said. "What we do is we help each other out because of our common interests and our common values." Mr Rabuka met with Governor-General Sam Mostyn at Government House in Canberra earlier this week. In a keynote address at the National Press Club on Wednesday, he spoke glowingly of bilateral ties between Suva and Canberra in a deteriorating world. "Unfortunately for now, I contest the region's outlook is more uncertain than at any time since Fiji's independence in 1970," he said. "Perhaps we have reached a point in our Fiji-Australia relationship where a renewed and elevated Vuvale partnership needs a further step-up to an agreement for a treaty." Anthony Albanese has hailed the importance of personal relationships with Pacific nations at a time when other powers are seeking to increase their influence. The prime minister, who will host Fijian counterpart Sitiveni Rabuka when the Wallabies take on Fiji in their one-off Rugby Union Test in Newcastle on Sunday, reiterated the importance of soft diplomacy in the region. "Relationships between nations essentially come down to relationships between people," he told ABC Radio on Saturday. "It is a great way in which our nations can show our commonality. We are all members of the Pacific family." Australia has provided $10 million over seven years for the Fijian Drua women's and men's teams in the Super Rugby Pacific and Australia Super W competitions. Some $600 million over a decade for a PNG NRL team had also cemented the relationship between the two neighbouring nations, Mr Albanese said. He said investments in sports were linked with education and economic development, resulting in better health outcomes and stronger, more secure and smarter Pacific populations. At a time when the United States is pulling away and China and Russia are trying to increase their influence, the prime minister stressed the importance of positioning Australia as the partner of choice. "We have a considerable defence and security presence throughout the Pacific and that's very much, in these uncertain times, in Australia's interests," he said. "One of the ways that we cement that is through those personal relations." Mr Albanese was keen to highlight Australia's upgraded defence and security relationships with Fiji, PNG, Tuvalu, Nauru and other smaller nations in the Pacific. "We are family and we assist each other as friends, not with strings attached," he said. "What we do is we help each other out because of our common interests and our common values." Mr Rabuka met with Governor-General Sam Mostyn at Government House in Canberra earlier this week. In a keynote address at the National Press Club on Wednesday, he spoke glowingly of bilateral ties between Suva and Canberra in a deteriorating world. "Unfortunately for now, I contest the region's outlook is more uncertain than at any time since Fiji's independence in 1970," he said. "Perhaps we have reached a point in our Fiji-Australia relationship where a renewed and elevated Vuvale partnership needs a further step-up to an agreement for a treaty."
