Lindian boosts coffers with $1.65M cash from shares and R&D refund
Lindian Resources has topped up its coffers with a double shot of cash totalling just under $1.65 million from the exercise of 10M unlisted options at $0.12 per share for $1.2M and a $448,753 research and development refund.
The federal Research and Development Tax Incentive Program refund is for process development and metallurgical testwork Lindian conducted to improve beneficiation at its massive Kangankunde rare earths project in Malawi.
Kangankunde, about 90 kilometres north of Malawi's main economic and commercial centre Blantyre, potentially ranks among the world's biggest rare earths deposits.
It is highly regarded because of its elevated rare earths grades, low incidence of impurities and radioactive minerals, and attractive cost structure that positions the project in the lowest cost quartile of rare earths projects globally.
The total indicated and inferred mineral resource for the project is 261 million tonnes at an average grade of 2.14 per cent total rare earth oxides (TREO) at a 0.5 per cent TREO cut-off grade.
The total indicated resource is 61Mt grading 2.43 per cent TREO, at a 0.5 per cent TREO cut-off grade, which includes a higher-grade 25Mt averaging 3.26 per cent TREO using a higher 2.5 per cent TREO cut-off.
The resources contain a maiden ore reserve of 23.7Mt at 2.9 per cent TREO, which studies show will support a stage one mine life of 45-years . Almost 20 per cent of the reserve comprises the more valuable magnet rare earths, neodymium and praseodymium.
Stage one development involves mining and a mineral processing plant and necessary support infrastructure and would be a logical springboard for future expansions of the operation.
Lindian's beneficiation studies on the Kangankunde deposit have focussed on gravity and magnetic separation techniques to extract a concentrate.
Initial studies show that water-only, low-cost beneficiation methods aimed at minimising capital expenditure will yield about 70 per cent recovery. The company aims to produce a high rare earth oxide concentrate of 60 per cent TREO for export.
Earlier this month, Lindian's site development update showed it was well on track with haul road construction, critical infrastructure and solar power farm works.
Additionally, mining and power infrastructure contracts and pricing for long lead-time items are being finalised and shortlisted.
Lindian has also recently appointed experienced personnel across its site operations to fill roles including senior process engineer, construction superintendent, project planner, QA/QC superintendent and health, safety and environment officer.
The company remains on track to begin plant construction this year.
Is your ASX-listed company doing something interesting? Contact:
matt.birney@wanews.com.au
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News.com.au
41 minutes ago
- News.com.au
Gold Digger: Gold stocks are now propping up the ASX exploration sector
Mineral exploration in Australia and among ASX juniors has dropped to four-year lows But gold stocks are shining amid the downturn Fears of escalating war in the Middle East have gold running higher Mineral exploration in Australia fell to a four-year low in the March quarter, with the $804.7m spent by explorers and miners across the country the lowest since the $734.8m in March 2021, as the country recovered from its Covid slumber. It's not necessarily surprising, given the erosion of the small cap iron ore sector, tumbling prices for lithium and nickel, and broader market uncertainty that's turned off the capital raising taps for companies without a decent story to tell. Not so dire in the gold space, where spending in March 2025 of $283.6m wasn't far off the $284.4m dropped last year and above the $275.5m spent in March 2023 (though well shy of the $363.9m spent in the freewheeling days of March 2022.) Those figures from the venerable Australian Bureau of Statistics came before the release this week of accounting and professional services firm BDO's explorer quarterly cash update, which told a similar story on the state of the small cap resources space. Exploration spending across the ASX's small resources companies – those who have to report an Appendix 5B cashflow statement – showed exploration tumbled 19% to $643.52m, also a four-year low. There's a caveat there. The March quarter is, literally, shorter than others (especially in a non leap year). It's also a time when wet weather in mining areas of WA and Queensland hamper drilling activity. But BDO still says the exploration sector "is experiencing a significant downturn". Just 26 firms under its coverage raised $10m or more, down from 57 in December. Twelve gold companies led the way, raising $621.22m of the $1.047bn raised by those 26 entities, though that was inflated by a $280m inject from the maturing of term deposits at De Grey Mining (ASX:DEG) that released previously inaccessible funds ahead of its takeover by Northern Star Resources (ASX:NST). BDO head of global natural resources Sherif Andrawes said falling cash balances, lower spending and declining companies reporting 5Bs (16 down to 763, levels last crossed in late 2021), suggested further pain was coming for the exploration space. Goldies are a bright spot though. 'This surge is attributed to gold's status as a safe-haven asset amidst ongoing macroeconomic volatility,' Andrawes said. "M&A activity in the gold sector has also increased, with notable transactions such as Gold Fields' acquisition of Gold Road Resources and Ramelius' offer for Spartan Resources. "While gold remains resilient, other sectors are struggling. The elimination of supportive policies like the Junior Minerals Exploration Incentive adds to the difficulties faced by explorers. 'The outlook for the exploration sector remains uncertain, with ongoing challenges in capital raising and investment activity.' War sirens blare for gold Gold is continuing to get more attractive as its historic inverse relationship to peace and stability has come, again, to the fore. Israel's attack on Tehran, ostensibly a Minority Report style assault on a future nuclear threat which had the Netanyahu Government telling its own citizens to expect reprisals from Iran, closing schools and shutting its air space. This is all happening as the war in Gaza goes on, and with the US Government seemingly a long way from having any sort of control over the situation. Brent crude surged more than 8% to US$75.08/bbl, gold futures have sailed past US$3420/oz. The All Ords gold sub-index rose 4.53% to a fresh all time high, just a week after a blow from VanEck, which is shifting the index on which its GDX ETF is based. Its old benchmark, the New York Arca Gold Miners Index included exposure to a number of mid-cap Aussie plays like Capricorn Metals (ASX:CMM), Genesis Minerals (ASX:GMD), Vault Minerals (ASX:VAU) and Bellevue Gold (ASX:BGL), who are not among the stocks in the MarketVectors Global Gold Miners Index. VanEck will make the shift in September. That means the exit of some passive money, important to maintaining liquidity and momentum for producing gold miners. On the other hand, some Aussie goldies are larger shares of the MarketVectors portfolio, including Westgold Resources (ASX:WGX), Northern Star Resources (ASX:NST), Evolution Mining (ASX:EVN) and Perseus Mining (ASX:PRU). The full list can be found here. Winners and losers CODE COMPANY PRICE WEEK % MONTH % 6 MONTH % YEAR % YTD % MARKET CAP MRR Minrex Resources Ltd 0.009 0% 13% 29% -10% 29% $ 11,391,108.78 NPM Newpeak Metals 0.012 0% -8% 20% -40% 9% $ 3,542,789.04 ASO Aston Minerals Ltd 0.022 0% 29% 144% 69% 144% $ 28,491,413.92 MTC Metalstech Ltd 0.14 0% -10% 27% -38% 0% $ 29,221,027.64 GED Golden Deeps 0.023 -4% 28% -12% -53% -8% $ 4,073,891.12 G88 Golden Mile Res Ltd 0.012 -33% -4% 33% 9% 33% $ 6,530,974.26 LAT Latitude 66 Limited 0.037 3% -21% -39% 1750% -3% $ 5,305,826.09 NMR Native Mineral Res 0.205 3% 21% 521% 503% 426% $ 183,667,905.80 AQX Alice Queen Ltd 0.0035 17% -42% -56% -50% -56% $ 3,748,920.20 SLZ Sultan Resources Ltd 0.005 0% -17% -29% -50% -17% $ 1,157,349.55 KSN Kingston Resources 0.1325 6% 51% 72% 70% 87% $ 107,024,598.98 AMI Aurelia Metals Ltd 0.31 -10% 2% 72% 82% 82% $ 524,697,518.40 GIB Gibb River Diamonds 0.033 0% -3% -11% -23% -18% $ 6,864,302.24 KCN Kingsgate Consolid. 2.41 11% 15% 70% 49% 88% $ 574,786,273.16 TMX Terrain Minerals 0.002 -20% -20% -43% -33% -33% $ 4,497,113.20 BNR Bulletin Res Ltd 0.062 -6% -19% 63% 41% 59% $ 18,204,026.03 NXM Nexus Minerals Ltd 0.084 -2% 17% 62% 105% 87% $ 50,112,047.88 SKY SKY Metals Ltd 0.043 -9% -9% -22% 25% -20% $ 31,270,939.30 LM8 Lunnonmetalslimited 0.205 -11% -15% -16% -2% -18% $ 46,331,916.54 CST Castile Resources 0.058 9% -23% -26% -28% -28% $ 18,039,166.22 YRL Yandal Resources 0.115 -4% -33% -49% -8% -34% $ 35,562,022.93 FAU First Au Ltd 0.003 0% 0% 50% 50% 50% $ 7,251,976.47 ARL Ardea Resources Ltd 0.395 0% -2% 27% -25% 20% $ 84,165,166.00 GWR GWR Group Ltd 0.091 1% -9% 7% -3% 14% $ 29,448,205.61 IVR Investigator Res Ltd 0.034 21% 51% -15% -35% 70% $ 54,038,905.52 GTR Gti Energy Ltd 0.004 0% 33% 33% -20% 14% $ 11,995,798.65 IPT Impact Minerals 0.006 20% 0% -42% -67% -36% $ 23,731,979.81 BNZ Benzmining 0.485 8% 29% 31% 203% 41% $ 73,990,245.88 MOH Moho Resources 0.004 0% 0% -20% 0% -20% $ 2,981,656.11 BCM Brazilian Critical 0.01 -9% 11% 11% -41% 11% $ 10,098,106.59 PUA Peak Minerals Ltd 0.02 -13% 25% 158% 522% 158% $ 58,953,747.09 MRZ Mont Royal Resources 0.041 0% 0% 3% -23% -5% $ 3,486,221.51 SMS Starmineralslimited 0.021 -9% -13% -48% -25% -42% $ 4,087,746.37 MVL Marvel Gold Limited 0.016 14% 7% 78% 78% 78% $ 20,897,485.55 PRX Prodigy Gold NL 0.002 -33% 0% 0% -25% 0% $ 6,350,111.10 AAU Antilles Gold Ltd 0.004 0% 0% 0% -33% 33% $ 9,245,472.06 CWX Carawine Resources 0.093 -5% -15% -4% -7% -7% $ 22,195,792.21 RND Rand Mining Ltd 1.98 2% 2% 29% 42% 31% $ 112,614,402.78 CAZ Cazaly Resources 0.02 25% 18% 25% -5% 43% $ 8,764,756.83 BMR Ballymore Resources 0.18 13% 3% 16% 6% 50% $ 32,695,158.23 DRE Dreadnought Resources Ltd 0.012 -14% -8% 9% -33% 0% $ 66,033,500.00 ZNC Zenith Minerals Ltd 0.039 -3% -13% -7% -39% -3% $ 15,890,215.46 REZ Resourc & En Grp Ltd 0.017 0% -11% -19% 31% -26% $ 11,417,865.07 LEX Lefroy Exploration 0.11 5% 38% 59% 22% 57% $ 26,084,114.49 ERM Emmerson Resources 0.135 4% -7% 137% 238% 75% $ 82,630,454.27 AM7 Arcadia Minerals 0.018 6% 0% -18% -64% -5% $ 2,112,901.79 ADT Adriatic Metals 5 -5% 27% 18% 29% 28% $ 1,516,946,105.00 AS1 Asara Resources Ltd 0.055 -5% 38% 139% 450% 189% $ 61,665,959.49 CYL Catalyst Metals 7.03 3% 11% 146% 614% 172% $ 1,686,945,021.30 CHN Chalice Mining Ltd 1.615 23% 42% 34% 14% 46% $ 569,924,244.42 KAL Kalgoorliegoldmining 0.045 -4% 1% 105% 36% 150% $ 17,547,260.14 MLS Metals Australia 0.018 0% -5% -18% -10% -22% $ 13,116,951.43 ADN Andromeda Metals Ltd 0.012 -14% -29% 71% -33% 71% $ 49,573,459.96 MEI Meteoric Resources 0.13 4% 33% 48% -26% 53% $ 315,476,475.57 SRN Surefire Rescs NL 0.002 0% -20% -32% -72% -32% $ 2,486,445.39 WA8 Warriedarresourltd 0.125 9% 14% 112% 136% 184% $ 135,918,297.48 HMX Hammer Metals Ltd 0.035 0% -5% 3% 0% 6% $ 28,408,278.40 WCN White Cliff Min Ltd 0.021 -13% -34% 11% 24% 31% $ 53,094,495.21 AVM Advance Metals Ltd 0.049 2% 11% 36% 113% 44% $ 12,721,672.03 ASR Asra Minerals Ltd 0.002 0% -20% -33% -50% -33% $ 7,891,611.02 ARI Arika Resources 0.039 -3% 39% 39% 95% 44% $ 32,097,380.46 CTO Citigold Corp Ltd 0.0035 0% -13% 0% -30% -13% $ 10,500,000.00 SMI Santana Minerals Ltd 0.58 -2% 6% 29% 63% 20% $ 440,858,391.75 M2R Miramar 0.004 33% 33% -20% -53% 33% $ 3,488,881.50 MHC Manhattan Corp Ltd 0.022 0% -8% -4% -12% 16% $ 5,167,775.76 GRL Godolphin Resources 0.01 -5% 0% -33% -47% -31% $ 4,488,733.12 SVG Savannah Goldfields 0.019 -14% -17% 3% -6% 3% $ 21,689,963.74 EMC Everest Metals Corp 0.15 0% 0% 11% 36% 11% $ 33,619,688.25 GUL Gullewa Limited 0.074 0% -8% 25% 6% 32% $ 16,133,640.73 CY5 Cygnus Metals Ltd 0.097 -8% 23% -16% 83% -3% $ 85,113,167.10 G50 G50Corp Ltd 0.135 -33% 35% -25% 13% -13% $ 22,483,672.26 ADV Ardiden Ltd 0.145 0% 4% 12% 0% 7% $ 9,065,038.37 AAR Astral Resources NL 0.185 -5% 19% 12% 134% 37% $ 255,243,101.22 VMC Venus Metals Cor Ltd 0.115 0% 10% 67% 34% 72% $ 23,535,441.96 NAE New Age Exploration 0.003 0% -25% -33% -25% -14% $ 10,637,595.64 VKA Viking Mines Ltd 0.006 0% -20% -33% -33% -25% $ 8,735,666.87 LCL LCL Resources Ltd 0.007 0% 0% -30% -36% -30% $ 8,363,688.95 MTH Mithril Silver Gold 0.54 26% 46% 20% 157% 35% $ 77,254,666.66 ADG Adelong Gold Limited 0.005 -17% -38% 0% 0% 11% $ 12,412,060.04 RMX Red Mount Min Ltd 0.01 11% 43% 0% 0% 11% $ 4,184,620.16 PRS Prospech Limited 0.021 5% -9% -25% -38% -28% $ 7,955,343.63 TTM Titan Minerals 0.39 -1% 3% -5% 11% 3% $ 97,764,639.75 AKA Aureka Limited 0.145 26% 16% -3% -98% 7% $ 12,804,362.00 AAM Aumegametals 0.032 -9% -16% -32% -47% -24% $ 20,539,843.43 KZR Kalamazoo Resources 0.087 2% -5% 0% -4% 18% $ 18,648,448.95 BCN Beacon Minerals 0.029 0% 7% 32% 12% 32% $ 118,339,072.38 MAU Magnetic Resources 1.7 -2% 11% 39% 60% 54% $ 442,764,760.35 BC8 Black Cat Syndicate 0.885 -3% -1% 31% 222% 57% $ 597,839,593.91 EM2 Eagle Mountain 0.007 75% 17% -43% -84% -22% $ 5,675,186.45 EMR Emerald Res NL 4.7 -1% 6% 23% 28% 45% $ 2,918,933,335.92 BYH Bryah Resources Ltd 0.012 -8% 200% 200% 50% 300% $ 12,179,349.31 HCH Hot Chili Ltd 0.54 -8% 14% -25% -43% -23% $ 84,893,843.44 WAF West African Res Ltd 2.36 -10% -2% 44% 69% 64% $ 2,644,545,261.68 MEU Marmota Limited 0.04 -5% -9% 5% 0% 3% $ 48,310,537.39 NVA Nova Minerals Ltd 0.355 -10% 18% 20% 73% -4% $ 108,204,134.70 SVL Silver Mines Limited 0.125 14% 33% 29% -26% 60% $ 240,269,677.92 PGD Peregrine Gold 0.19 36% 23% 46% -12% 36% $ 17,818,025.61 ICL Iceni Gold 0.075 -19% 39% 17% -5% 6% $ 26,398,284.51 FG1 Flynngold 0.034 6% 36% 21% 31% 36% $ 13,304,759.98 WWI West Wits Mining Ltd 0.027 -10% 35% 100% 125% 93% $ 70,964,816.93 RML Resolution Minerals 0.035 106% 250% 119% 119% 192% $ 18,301,753.07 AAJ Aruma Resources Ltd 0.01 0% 0% -23% -38% -17% $ 2,775,727.14 HWK Hawk Resources. 0.015 -17% -21% -40% -58% -32% $ 4,334,871.18 GMN Gold Mountain Ltd 0.001 -50% -50% -67% -67% -67% $ 11,239,518.49 MEG Megado Minerals Ltd 0.014 0% 27% 8% 34% -18% $ 5,875,565.67 HMG Hamelingoldlimited 0.083 -7% -16% 11% 0% 30% $ 16,340,625.00 BM8 Battery Age Minerals 0.053 -7% 0% -56% -67% -50% $ 6,582,158.44 TBR Tribune Res Ltd 5.01 -1% -1% 13% 46% 17% $ 257,093,577.30 FML Focus Minerals Ltd 0.39 0% 70% 111% 160% 129% $ 113,190,664.78 VRC Volt Resources Ltd 0.004 0% -27% 33% -33% 33% $ 18,739,111.93 ARV Artemis Resources 0.006 -14% -14% -45% -54% -25% $ 17,699,705.16 HRN Horizon Gold Ltd 0.595 1% 10% 32% 113% 24% $ 84,007,155.34 CLA Celsius Resource Ltd 0.007 8% -13% -46% -30% -36% $ 21,948,419.16 QML Qmines Limited 0.035 0% -10% -44% -39% -35% $ 17,271,190.48 RDN Raiden Resources Ltd 0.006 0% 20% -45% -82% -45% $ 20,705,348.65 TCG Turaco Gold Limited 0.485 -4% 10% 62% 149% 90% $ 433,911,101.28 KCC Kincora Copper 0.039 5% 11% 30% -43% 44% $ 8,477,247.17 GBZ GBM Rsources Ltd 0.006 -14% -33% -33% -45% -25% $ 7,026,419.87 DTM Dart Mining NL 0.0035 0% -30% -68% -83% -61% $ 4,193,194.52 MKR Manuka Resources. 0.04 -5% 21% 0% 0% 43% $ 33,342,706.76 AUC Ausgold Limited 0.74 9% 9% 51% 118% 76% $ 269,873,342.68 ANX Anax Metals Ltd 0.007 -22% -13% -30% -81% -42% $ 7,062,460.54 EMU EMU NL 0.017 -6% -26% -39% -35% -37% $ 3,591,223.96 SFM Santa Fe Minerals 0.038 -3% 3% 31% -5% 23% $ 2,767,113.98 PNR Pantoro Gold Limited 3.6 -1% 10% 112% 138% 135% $ 1,437,695,334.78 CMM Capricorn Metals 10.22 6% 8% 48% 130% 63% $ 4,116,818,498.05 VRL Verity Resources 0.025 -17% 0% 12% -57% 28% $ 7,192,327.17 HAW Hawthorn Resources 0.052 8% 2% 27% -26% 27% $ 16,415,765.04 BGD Bartongoldholdings 0.88 10% 31% 232% 184% 259% $ 190,844,891.15 SVY Stavely Minerals Ltd 0.012 0% 9% -37% -68% -29% $ 6,800,526.16 AGC AGC Ltd 0.165 0% 10% 3% -47% 6% $ 43,621,527.74 RGL Riversgold 0.004 0% 0% 33% -33% 0% $ 6,734,850.37 TSO Tesoro Gold Ltd 0.027 0% 0% 35% -23% 35% $ 48,544,188.50 GUE Global Uranium 0.06 -8% 3% 2% -35% 0% $ 29,559,053.75 CPM Coopermetalslimited 0.037 -3% -5% -20% -51% -20% $ 2,820,803.40 MM8 Medallion Metals. 0.29 0% 23% 199% 492% 142% $ 144,964,021.65 FFM Firefly Metals Ltd 1.055 2% 18% -4% 60% 14% $ 603,167,542.95 CBY Canterbury Resources 0.025 -7% 25% 0% -48% 14% $ 5,600,904.19 SLA Solara Minerals 0.18 24% 57% 96% -20% 100% $ 10,147,344.03 SFR Sandfire Resources 11.32 -3% 9% 9% 30% 22% $ 5,242,600,641.20 TAM Tanami Gold NL 0.046 -4% 28% 59% 39% 53% $ 54,054,464.12 NWM Norwest Minerals 0.014 40% 8% -22% -40% 17% $ 13,072,840.59 ALK Alkane Resources Ltd 0.76 -3% -3% 38% 46% 49% $ 448,101,000.08 BMO Bastion Minerals 0.002 33% -33% -50% -75% -50% $ 2,710,882.69 IDA Indiana Resources 0.08 0% 4% 31% 81% 31% $ 49,490,399.27 GSM Golden State Mining 0.007 0% 0% -22% -30% -13% $ 1,955,594.41 NSM Northstaw 0.032 0% -30% 78% 40% 100% $ 9,305,001.00 GSN Great Southern 0.025 9% 14% 67% 39% 67% $ 22,926,498.67 VAU Vault Minerals Ltd 0.44 -2% -1% 16% 1% 33% $ 2,925,063,554.26 THR Thor Energy PLC 0.009 -10% -18% -25% -50% -31% $ 7,818,688.19 CDR Codrus Minerals Ltd 0.04 -2% 21% 150% -22% 135% $ 7,649,172.02 MDI Middle Island Res 0.021 -13% 11% 50% 62% 75% $ 7,330,849.28 WTM Waratah Minerals Ltd 0.34 -4% 0% 89% 258% 119% $ 80,561,731.77 POL Polymetals Resources 0.86 -2% 1% -9% 187% 8% $ 211,704,125.45 RDS Redstone Resources 0.0035 -30% -13% 17% 0% 40% $ 3,619,935.74 NAG Nagambie Resources 0.017 0% -19% -19% 89% -6% $ 14,459,442.19 BGL Bellevue Gold Ltd 0.965 3% 1% -30% -49% -14% $ 1,365,601,648.98 GBR Greatbould Resources 0.074 14% 14% 54% 17% 72% $ 54,014,865.75 KAI Kairos Minerals Ltd 0.026 -2% 30% 86% 189% 117% $ 71,034,629.10 KAU Kaiser Reef 0.19 3% 12% 15% 36% 19% $ 106,838,307.00 HRZ Horizon 0.054 10% -2% 38% 29% 35% $ 135,632,283.27 CDT Castle Minerals 0.085 -8% 18% 42% -48% 42% $ 10,324,851.73 RSG Resolute Mining 0.57 -6% -3% 31% 7% 44% $ 1,213,558,507.41 EVN Evolution Mining Ltd 9.2 1% 11% 76% 147% 91% $ 17,460,740,659.52 CXU Cauldron Energy Ltd 0.007 0% -10% -49% -76% -40% $ 10,229,832.26 DLI Delta Lithium 0.18 3% -12% -5% -28% 6% $ 121,812,104.64 ALY Alchemy Resource Ltd 0.0055 -8% -8% -8% -21% -21% $ 5,890,381.28 NH3 Nh3Cleanenergyltd 0.031 24% 24% 55% 94% 72% $ 18,631,957.91 OBM Ora Banda Mining Ltd 1.045 -18% 0% 46% 212% 61% $ 1,911,991,665.47 AVW Avira Resources Ltd 0.007 -13% 0% -65% -65% -65% $ 1,610,000.00 LCY Legacy Iron Ore 0.009 13% -10% 13% -33% -10% $ 87,858,383.26 PDI Predictive Disc Ltd 0.42 6% 18% 75% 127% 83% $ 1,087,481,224.69 MAT Matsa Resources 0.07 6% 4% 84% 159% 100% $ 51,318,383.13 ZAG Zuleika Gold Ltd 0.013 8% 8% -7% -32% 0% $ 8,902,559.12 GML Gateway Mining 0.031 0% 0% 35% 7% 48% $ 12,673,429.15 SBM St Barbara Limited 0.38 9% 25% 13% 55% 69% $ 400,653,146.17 SBR Sabre Resources 0.009 13% 13% -10% -50% -10% $ 3,550,157.40 STK Strickland Metals 0.13 -13% 18% 46% 24% 53% $ 316,730,371.58 CEL Challenger Gold Ltd 0.087 -13% 10% 81% 43% 85% $ 179,699,299.44 GG8 Gorilla Gold Mines 0.475 -13% -2% 79% 1588% 83% $ 307,685,968.03 NST Northern Star 22.53 7% 17% 35% 64% 46% $ 30,613,796,476.57 OZM Ozaurum Resources 0.072 -10% -8% 157% 60% 140% $ 16,495,334.86 TG1 Techgen Metals Ltd 0.03 25% 11% -9% -14% -14% $ 3,966,642.75 XAM Xanadu Mines Ltd 0.079 0% 61% 65% 36% 61% $ 178,714,472.74 AQI Alicanto Min Ltd 0.032 7% 7% -20% 94% -14% $ 27,140,575.23 KTA Krakatoa Resources 0.012 9% 20% 20% -20% 26% $ 7,751,675.31 ARN Aldoro Resources 0.31 -3% -7% -5% 377% -18% $ 54,513,655.50 WGX Westgold Resources. 3.31 5% 17% 8% 43% 17% $ 2,933,071,135.90 MBK Metal Bank Ltd 0.013 0% 30% -19% -45% -13% $ 6,466,966.97 A8G Australasian Metals 0.069 -5% 8% -14% -14% -13% $ 3,994,391.03 TAR Taruga Minerals 0.009 0% 0% -18% 29% -10% $ 5,710,032.46 DTR Dateline Resources 0.091 -33% 184% 2933% 810% 2500% $ 293,543,904.60 GOR Gold Road Res Ltd 3.44 2% 5% 59% 119% 68% $ 3,682,892,813.40 S2R S2 Resources 0.074 -13% -21% 7% -33% 10% $ 32,605,775.50 NES Nelson Resources. 0.003 0% 0% 20% 0% 0% $ 6,515,782.98 TLM Talisman Mining 0.13 -7% -21% -46% -49% -37% $ 24,481,645.37 BEZ Besragoldinc 0.047 31% 4% -33% -51% -48% $ 17,866,369.50 PRU Perseus Mining Ltd 3.86 -2% 8% 38% 68% 50% $ 5,121,952,885.12 SPQ Superior Resources 0.004 -11% 0% -33% -50% -33% $ 9,483,930.90 PUR Pursuit Minerals 0.041 -5% 5% -70% -80% -57% $ 4,089,092.48 RMS Ramelius Resources 2.93 2% 8% 22% 56% 42% $ 3,279,818,334.64 PKO Peako Limited 0.002 -33% -20% 0% -48% -33% $ 2,975,483.92 ICG Inca Minerals Ltd 0.006 0% 33% 9% -14% 20% $ 7,881,950.31 A1G African Gold Ltd. 0.175 9% 30% 187% 573% 218% $ 79,203,271.29 NMG New Murchison Gold 0.019 12% 27% 81% 280% 111% $ 172,389,876.87 GNM Great Northern 0.015 -17% -6% 0% 7% 7% $ 2,010,178.00 KRM Kingsrose Mining Ltd 0.033 10% 6% 3% -27% -6% $ 22,605,795.57 BTR Brightstar Resources 0.58 1% 2% 5% 66% 16% $ 264,643,384.32 RRL Regis Resources 5.06 -2% 8% 76% 186% 98% $ 3,716,950,451.28 M24 Mamba Exploration 0.014 8% 0% 17% -30% 17% $ 3,541,987.32 TRM Truscott Mining Corp 0.055 -15% -8% -29% -8% -29% $ 10,529,670.80 TNC True North Copper 0.31 9% 55% -90% -94% -90% $ 39,639,290.04 MOM Moab Minerals Ltd 0.001 0% 0% -67% -75% -50% $ 1,733,666.03 KNB Koonenberrygold 0.044 -29% -52% 193% 144% 267% $ 45,086,469.08 AWJ Auric Mining 0.19 9% -16% -44% 6% -44% $ 31,616,787.34 ENR Encounter Resources 0.23 -6% 21% -32% -35% -29% $ 114,722,233.37 SNG Siren Gold 0.053 -10% -4% -22% -32% -18% $ 11,605,442.28 STN Saturn Metals 0.38 10% 43% 85% 77% 85% $ 167,775,981.03 USL Unico Silver Limited 0.27 6% 23% 35% 100% 38% $ 120,434,532.63 PNM Pacific Nickel Mines 0.024 0% 0% 0% -14% 0% $ 10,103,834.52 AYM Australia United Min 0.003 0% 0% 50% 50% -25% $ 5,527,732.46 HAV Havilah Resources 0.18 -3% 6% -23% 3% -20% $ 62,762,414.76 SPR Spartan Resources 2.27 1% 8% 57% 193% 61% $ 2,832,259,938.43 PNT Panthermetalsltd 0.015 7% -6% 0% -29% 36% $ 4,212,663.67 MEK Meeka Metals Limited 0.18 16% 29% 120% 463% 134% $ 440,248,404.75 GMD Genesis Minerals 4.85 3% 18% 77% 170% 96% $ 5,369,152,525.00 PGO Pacgold 0.065 -2% -19% -11% -35% -13% $ 10,399,173.90 FEG Far East Gold 0.16 3% 7% -6% 33% -11% $ 55,054,117.95 MI6 Minerals260Limited 0.13 -10% -4% 8% -7% 0% $ 279,089,999.96 IGO IGO Limited 4.22 -3% -3% -18% -35% -12% $ 3,203,242,848.99 GAL Galileo Mining Ltd 0.12 14% 0% 0% -52% -4% $ 25,691,240.51 RXL Rox Resources 0.295 -2% 0% 51% 103% 48% $ 212,437,644.87 PTN Patronus Resources 0.066 27% 14% 27% 12% 35% $ 108,068,255.06 CLZ Classic Min Ltd 0.001 0% 0% 0% -67% 0% $ 2,790,941.81 TGM Theta Gold Mines Ltd 0.145 4% 12% -19% -3% -19% $ 123,120,007.64 FAL Falconmetalsltd 0.135 8% 17% -7% -49% 17% $ 24,780,000.00 SPD Southernpalladium 0.7 47% 204% 17% 69% 17% $ 54,570,000.00 ORN Orion Minerals Ltd 0.011 0% -8% -27% -35% -27% $ 75,354,926.00 TMB Tambourahmetals 0.023 15% -12% -18% -67% 10% $ 3,677,251.15 TMS Tennant Minerals Ltd 0.006 -14% -14% -33% -73% -33% $ 6,395,342.49 AZY Antipa Minerals Ltd 0.815 22% 73% 191% 579% 213% $ 445,237,678.27 PXX Polarx Limited 0.008 0% 0% 0% -33% 23% $ 19,004,007.82 TRE Toubani Res Ltd 0.3 3% 9% 100% 79% 76% $ 78,478,010.67 AUN Aurumin 0.092 -2% 19% 37% 136% 39% $ 44,483,412.96 GPR Geopacific Resources 0.024 20% 14% 8% 18% 20% $ 76,379,167.82 FXG Felix Gold Limited 0.145 -12% -6% 61% 190% 73% $ 61,687,020.15 ILT Iltani Resources Lim 0.235 9% -6% 34% -19% 15% $ 11,603,914.96 BRX Belararoxlimited 0.055 -4% -35% -66% -76% -69% $ 9,466,726.20 TM1 Terra Metals Limited 0.045 13% 67% 61% -2% 61% $ 17,435,672.60 TOR Torque Met 0.135 8% 38% 150% -33% 155% $ 67,449,154.11 ARD Argent Minerals 0.024 4% 20% 14% 41% 41% $ 37,599,652.48 LM1 Leeuwin Metals Ltd 0.15 -6% -27% 150% 168% 7% $ 14,112,893.76 SX2 Southgold Consol 7.44 9% 32% 0% 0% 0% $ 1,050,251,817.68 UVA Uvrelimited 0.088 -5% -6% -6% -16% -1% $ 5,418,000.09 VTX Vertexmin 0.3 0% 36% 54% 270% 45% $ 58,256,701.80 Resolution Minerals (ASX:RML) Heading to the States is all the rage for explorers under the pro-mining regime of Donald Trump, and Resolution Minerals caught a bid after picking up the Horse Heaven project over in the States. Located in Idaho, it sits directly adjacent to the Stibnite gold mine, an operation held by America's Perpetua Resources which has a bunch of government support lined up for it thanks to its endowment of antimony, a defence critical metal the US Government would dearly love to start producing domestically. RML's Horse Heaven is considered prospective for antimony, gold, silver and tungsten, a metal it produced from the Golden Gate Hill deposit between the 1950s and 1980s. Horse Heaven has strong gold, antimony and silver mineralisation in two prospects – the Antimony Ridge Fault Zone (ARFZ) and the Golden Gate Fault Zone (GGFZ) – and includes past-producing antimony and tungsten mines. Past rock chip results include up to 5.99g/t gold, 367g/t silver and 19.15% antimony, with past drilling returning up to 1.459g/t gold. The company said this week Horse Heaven complemented its recently acquired Australian gold-antimony-copper projects – Drake East antimony-gold project (NSW), Neardie antimony project (Qld) and Spur South gold-copper project (NSW) – to create a portfolio highly leveraged to gold and antimony. 'The acquisition of the Horse Heaven project is a company transforming event for RML,' executive director Aharon Zaetz said. 'As many governments around the world look to onshore their supply of critical minerals, such as antimony, we have secured a commanding ground position with known antimony occurrences and next to what will soon be the largest antimony producer in the USA.' Southern Palladium (ASX:SPD) SPD owns 70% of the Bengwenyama project in South Africa, one of a handful of platinum and palladium development assets floating around globally. Prices have been in the toilet the past couple years. But a massive ~28% lift in platinum prices and 10.5% rise in palladium in the past month has investors plunging back into the PGM space. There's more on the background of that here with Ten Bagger expert (and SPD backer) John Forwood. With its shares up 75% in the past year, SPD received another boost on Friday after coming out of a trading halt on Thursday to announce firm commitments for $8m in a placement to fund DFS activities, a first raising since its 2022 IPO. The Bridge Street Capital Partners led placement's positive reception came with the raising conducted at no discount to SPD's previous 50c share price, always a positive sign for investors scared of dilution. It's now trading at 70c.
The Advertiser
42 minutes ago
- The Advertiser
New Middle East conflict sends jitters through market
Australia's share market has lost much of the week's gains, after Israel's attack on Iran proved a brutal reality check for risk sentiment. The S&P/ASX200 fell 17.7 points, or 0.21 per cent, to 8,547.4, as the broader All Ordinaries gave up 25.4 points, or 0.29 per cent, to 8,770.6. Wednesday's dual-record intraday peak and best-ever close for the top-200 became a distant memory as Israeli air strikes on Iranian military targets and nuclear facilities prompted retaliatory drone attacks. The escalating conflict also weighed on markets in Asia, as Hong Kong's Hang Seng index, Japan's Nikkei and South Korea's KOSPI all fell between 0.8 per cent and one per cent. Eight of 11 local sectors lost ground on Friday, while energy and utilities stocks surged after oil prices spiked to four-month highs in the wake of the attacks. Brent Crude futures had since eased, but were trading at $US72.40 a barrel at 5pm. The elevation of global risk came at an inopportune time for the ASX and its financial sector, both of which hit new highs this week and showed signs of being overbought, IG Markets analyst Tony Sycamore said. "You wouldn't want to be going home long on risk (assets) ahead of this weekend, because there's just so much uncertainty out there," he told AAP. Meanwhile, the oil price spike could stoke inflation, just as central banks were easing monetary policy after finally tempering post-pandemic price growth. "In the worst-case scenario, then potentially we see crude oil spike up towards $US100 (a barrel) and that takes inflation significantly higher," Mr Sycamore said. "That reduces the ability of central banks around the world to ease interest rates, because they're then fighting another re-acceleration in inflation." Energy stocks and utilities both surged more than four per cent, and the defensive consumer discretionary sector was the only other division in the green, up 0.25 per cent. The spike in crude prices was good news for Woodside investors, as the oil and gas giant rallied more than seven per cent to $25.21, the top-200's best performer. Financial stocks, which account for roughly half of the top-200's value, fell 0.4 per cent as three of the big four banks - excepting a flat Westpac - grinded lower. The sector is roughly flat for the week. Materials stocks fell 0.2 per cent, as rallying gold miners helped soften a sell-off in large cap miners BHP (-2.6 per cent) and Rio Tinto (-1.1 per cent), tracking with an uplift in gold and continued weakness in iron ore prices. Gold itself rose to its highest level since the beginning of May to trade at $US3,445 ($A5,320) an ounce, spiking to within roughly one per cent of its $US3,500 all-time high. Australia's tech sector took the biggest hit on Friday, down 1.2 per cent as investors fled to safety. The Australian dollar is buying 64.76 US cents, down from 64.96 US cents on Thursday at 5pm. Next week, four major central banks will set their policy rates, and while investors expect no changes, they will be looking for any pivots towards dovish rhetoric in light of escalating conflict in the Middle East. "Not rate cuts, but setting up the idea that things have now become more uncertain and there is now more risk to global growth because of what happened this morning," Mr Sycamore said. ON THE ASX: * The benchmark S&P/ASX200 index finished Friday 17.7 points lower, or down 0.21 per cent, to 8,547.4 * The broader All Ordinaries lost 25.4 points, or 0.29 per cent, to 8,770.6 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.76 US cents, from 64.96 US cents on Thursday at 5pm * 92.99 Japanese yen, from 93.39 Japanese yen * 56.10 Euro cents, from 56.39 Euro cents * 47.83 British pence, from 47.89 pence * 107.67 NZ cents, from 107.80 NZ cents Australia's share market has lost much of the week's gains, after Israel's attack on Iran proved a brutal reality check for risk sentiment. The S&P/ASX200 fell 17.7 points, or 0.21 per cent, to 8,547.4, as the broader All Ordinaries gave up 25.4 points, or 0.29 per cent, to 8,770.6. Wednesday's dual-record intraday peak and best-ever close for the top-200 became a distant memory as Israeli air strikes on Iranian military targets and nuclear facilities prompted retaliatory drone attacks. The escalating conflict also weighed on markets in Asia, as Hong Kong's Hang Seng index, Japan's Nikkei and South Korea's KOSPI all fell between 0.8 per cent and one per cent. Eight of 11 local sectors lost ground on Friday, while energy and utilities stocks surged after oil prices spiked to four-month highs in the wake of the attacks. Brent Crude futures had since eased, but were trading at $US72.40 a barrel at 5pm. The elevation of global risk came at an inopportune time for the ASX and its financial sector, both of which hit new highs this week and showed signs of being overbought, IG Markets analyst Tony Sycamore said. "You wouldn't want to be going home long on risk (assets) ahead of this weekend, because there's just so much uncertainty out there," he told AAP. Meanwhile, the oil price spike could stoke inflation, just as central banks were easing monetary policy after finally tempering post-pandemic price growth. "In the worst-case scenario, then potentially we see crude oil spike up towards $US100 (a barrel) and that takes inflation significantly higher," Mr Sycamore said. "That reduces the ability of central banks around the world to ease interest rates, because they're then fighting another re-acceleration in inflation." Energy stocks and utilities both surged more than four per cent, and the defensive consumer discretionary sector was the only other division in the green, up 0.25 per cent. The spike in crude prices was good news for Woodside investors, as the oil and gas giant rallied more than seven per cent to $25.21, the top-200's best performer. Financial stocks, which account for roughly half of the top-200's value, fell 0.4 per cent as three of the big four banks - excepting a flat Westpac - grinded lower. The sector is roughly flat for the week. Materials stocks fell 0.2 per cent, as rallying gold miners helped soften a sell-off in large cap miners BHP (-2.6 per cent) and Rio Tinto (-1.1 per cent), tracking with an uplift in gold and continued weakness in iron ore prices. Gold itself rose to its highest level since the beginning of May to trade at $US3,445 ($A5,320) an ounce, spiking to within roughly one per cent of its $US3,500 all-time high. Australia's tech sector took the biggest hit on Friday, down 1.2 per cent as investors fled to safety. The Australian dollar is buying 64.76 US cents, down from 64.96 US cents on Thursday at 5pm. Next week, four major central banks will set their policy rates, and while investors expect no changes, they will be looking for any pivots towards dovish rhetoric in light of escalating conflict in the Middle East. "Not rate cuts, but setting up the idea that things have now become more uncertain and there is now more risk to global growth because of what happened this morning," Mr Sycamore said. ON THE ASX: * The benchmark S&P/ASX200 index finished Friday 17.7 points lower, or down 0.21 per cent, to 8,547.4 * The broader All Ordinaries lost 25.4 points, or 0.29 per cent, to 8,770.6 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.76 US cents, from 64.96 US cents on Thursday at 5pm * 92.99 Japanese yen, from 93.39 Japanese yen * 56.10 Euro cents, from 56.39 Euro cents * 47.83 British pence, from 47.89 pence * 107.67 NZ cents, from 107.80 NZ cents Australia's share market has lost much of the week's gains, after Israel's attack on Iran proved a brutal reality check for risk sentiment. The S&P/ASX200 fell 17.7 points, or 0.21 per cent, to 8,547.4, as the broader All Ordinaries gave up 25.4 points, or 0.29 per cent, to 8,770.6. Wednesday's dual-record intraday peak and best-ever close for the top-200 became a distant memory as Israeli air strikes on Iranian military targets and nuclear facilities prompted retaliatory drone attacks. The escalating conflict also weighed on markets in Asia, as Hong Kong's Hang Seng index, Japan's Nikkei and South Korea's KOSPI all fell between 0.8 per cent and one per cent. Eight of 11 local sectors lost ground on Friday, while energy and utilities stocks surged after oil prices spiked to four-month highs in the wake of the attacks. Brent Crude futures had since eased, but were trading at $US72.40 a barrel at 5pm. The elevation of global risk came at an inopportune time for the ASX and its financial sector, both of which hit new highs this week and showed signs of being overbought, IG Markets analyst Tony Sycamore said. "You wouldn't want to be going home long on risk (assets) ahead of this weekend, because there's just so much uncertainty out there," he told AAP. Meanwhile, the oil price spike could stoke inflation, just as central banks were easing monetary policy after finally tempering post-pandemic price growth. "In the worst-case scenario, then potentially we see crude oil spike up towards $US100 (a barrel) and that takes inflation significantly higher," Mr Sycamore said. "That reduces the ability of central banks around the world to ease interest rates, because they're then fighting another re-acceleration in inflation." Energy stocks and utilities both surged more than four per cent, and the defensive consumer discretionary sector was the only other division in the green, up 0.25 per cent. The spike in crude prices was good news for Woodside investors, as the oil and gas giant rallied more than seven per cent to $25.21, the top-200's best performer. Financial stocks, which account for roughly half of the top-200's value, fell 0.4 per cent as three of the big four banks - excepting a flat Westpac - grinded lower. The sector is roughly flat for the week. Materials stocks fell 0.2 per cent, as rallying gold miners helped soften a sell-off in large cap miners BHP (-2.6 per cent) and Rio Tinto (-1.1 per cent), tracking with an uplift in gold and continued weakness in iron ore prices. Gold itself rose to its highest level since the beginning of May to trade at $US3,445 ($A5,320) an ounce, spiking to within roughly one per cent of its $US3,500 all-time high. Australia's tech sector took the biggest hit on Friday, down 1.2 per cent as investors fled to safety. The Australian dollar is buying 64.76 US cents, down from 64.96 US cents on Thursday at 5pm. Next week, four major central banks will set their policy rates, and while investors expect no changes, they will be looking for any pivots towards dovish rhetoric in light of escalating conflict in the Middle East. "Not rate cuts, but setting up the idea that things have now become more uncertain and there is now more risk to global growth because of what happened this morning," Mr Sycamore said. ON THE ASX: * The benchmark S&P/ASX200 index finished Friday 17.7 points lower, or down 0.21 per cent, to 8,547.4 * The broader All Ordinaries lost 25.4 points, or 0.29 per cent, to 8,770.6 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.76 US cents, from 64.96 US cents on Thursday at 5pm * 92.99 Japanese yen, from 93.39 Japanese yen * 56.10 Euro cents, from 56.39 Euro cents * 47.83 British pence, from 47.89 pence * 107.67 NZ cents, from 107.80 NZ cents Australia's share market has lost much of the week's gains, after Israel's attack on Iran proved a brutal reality check for risk sentiment. The S&P/ASX200 fell 17.7 points, or 0.21 per cent, to 8,547.4, as the broader All Ordinaries gave up 25.4 points, or 0.29 per cent, to 8,770.6. Wednesday's dual-record intraday peak and best-ever close for the top-200 became a distant memory as Israeli air strikes on Iranian military targets and nuclear facilities prompted retaliatory drone attacks. The escalating conflict also weighed on markets in Asia, as Hong Kong's Hang Seng index, Japan's Nikkei and South Korea's KOSPI all fell between 0.8 per cent and one per cent. Eight of 11 local sectors lost ground on Friday, while energy and utilities stocks surged after oil prices spiked to four-month highs in the wake of the attacks. Brent Crude futures had since eased, but were trading at $US72.40 a barrel at 5pm. The elevation of global risk came at an inopportune time for the ASX and its financial sector, both of which hit new highs this week and showed signs of being overbought, IG Markets analyst Tony Sycamore said. "You wouldn't want to be going home long on risk (assets) ahead of this weekend, because there's just so much uncertainty out there," he told AAP. Meanwhile, the oil price spike could stoke inflation, just as central banks were easing monetary policy after finally tempering post-pandemic price growth. "In the worst-case scenario, then potentially we see crude oil spike up towards $US100 (a barrel) and that takes inflation significantly higher," Mr Sycamore said. "That reduces the ability of central banks around the world to ease interest rates, because they're then fighting another re-acceleration in inflation." Energy stocks and utilities both surged more than four per cent, and the defensive consumer discretionary sector was the only other division in the green, up 0.25 per cent. The spike in crude prices was good news for Woodside investors, as the oil and gas giant rallied more than seven per cent to $25.21, the top-200's best performer. Financial stocks, which account for roughly half of the top-200's value, fell 0.4 per cent as three of the big four banks - excepting a flat Westpac - grinded lower. The sector is roughly flat for the week. Materials stocks fell 0.2 per cent, as rallying gold miners helped soften a sell-off in large cap miners BHP (-2.6 per cent) and Rio Tinto (-1.1 per cent), tracking with an uplift in gold and continued weakness in iron ore prices. Gold itself rose to its highest level since the beginning of May to trade at $US3,445 ($A5,320) an ounce, spiking to within roughly one per cent of its $US3,500 all-time high. Australia's tech sector took the biggest hit on Friday, down 1.2 per cent as investors fled to safety. The Australian dollar is buying 64.76 US cents, down from 64.96 US cents on Thursday at 5pm. Next week, four major central banks will set their policy rates, and while investors expect no changes, they will be looking for any pivots towards dovish rhetoric in light of escalating conflict in the Middle East. "Not rate cuts, but setting up the idea that things have now become more uncertain and there is now more risk to global growth because of what happened this morning," Mr Sycamore said. ON THE ASX: * The benchmark S&P/ASX200 index finished Friday 17.7 points lower, or down 0.21 per cent, to 8,547.4 * The broader All Ordinaries lost 25.4 points, or 0.29 per cent, to 8,770.6 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.76 US cents, from 64.96 US cents on Thursday at 5pm * 92.99 Japanese yen, from 93.39 Japanese yen * 56.10 Euro cents, from 56.39 Euro cents * 47.83 British pence, from 47.89 pence * 107.67 NZ cents, from 107.80 NZ cents
West Australian
44 minutes ago
- West Australian
ASX Runners of the Week: Icetana, Resolution Minerals and Highfield
Is it the end of the world as we know it? Not for the ASX, it seems. After hitting record all-time highs on Wednesday, the market took a breather on Thursday and Friday, pulling back just 0.75 per cent as Israel - and by extension the United States - seemingly declared war on Iran. The market said 'no problemo' to the news, instead piling into oil as the Brent price surged as much as 18 per cent on Friday morning to US$78.50 (A$121) a barrel. Try not to worry about World War III. Instead, make sure to fill up at the bowser today, as it won't be pretty come tomorrow morning. Aside from a surging oil price, military attacks on an OPEC member and nuclear powerhouse result in safe haven spending, of course, with the gold price up more than US$100 to US$3430 an ounce to end the week. Bulls N' Bears' ASX Runners of the Week list was a mixed bag, with juniors only just holding out major Woodside Energy – which saw its share price go up a staggering 7 per cent on Friday – to surprisingly feature no oil and gas stocks at all. This week's podium went to a junior AI solutions provider that partnered with a global revolutionary robotics developer while simultaneously raising capital for its partner at a premium. ICETANA LIMITED (ASX: ICE) Up 169% (1.6c – 4.3c) This week's Bulls N' Bears ASX Runner of the Week is AI analytics solution provider Icetana Limited, which sent the market into a state on Tuesday after sealing four blockbuster agreements with SoftBank Robotics Group. The company's share price soared a cheeky 131 per cent from 1.6 cents last week to an intraday high of 3.7c. The company wasn't quite done there, making a late lunge at the line on Friday to hit 4.3c per share at the death, up 169 per cent on the week. That clinched Runners's top podium spot. The global subscription agreement with the US$74 (A$114) billion tech titan comes in the form of a Japan-exclusive distribution deal and joint development scope with SoftBank. Icetana will rack up a substantial $3.6 million in contract value, with SoftBank stepping up as the company's sole distributor in Japan, guaranteeing $693,000 in annual recurring revenue. The partnership didn't stop there. SoftBank put its money where its mouth is and tossed in a $1.87M investment to soak up a 17.6 per cent stake in Icetana at a juicy 2c per share. That represents a 33 per cent premium over the company's 15-day average price of 1.5c a share. Add to that a three-year, $1.08M R&D program to fuse Icetana's self-learning security AI with SoftBank's automation wizardry, and you've got a recipe for serious growth. With SoftBank's clout opening doors across Japan's enterprise and public sectors and Icetana's AI analytics poised to revolutionise large-scale surveillance, this partnership is likely a tech match made in heaven. While other companies haggle over discount fees, Icetana's scored a big win - a move that no doubt has shareholders pinching themselves and sending management a fruit basket. RESOLUTION MINERALS LTD (ASX: RML) Up 133% (1.8c – 4.2c) Runner-up Runner of the Week is critical minerals maverick Resolution Minerals, which stormed the boards after snapping up the Horse Heaven polymetallic project in Idaho, reflecting the market's love affair with gold and antimony - this time in the Trump tariff-free United States. Resolution's latest pickup has a cocktail of critical minerals and precious metals, and is regarded as prospective for antimony, gold, tungsten and silver. The project is snugly next to a recent US executive order benefactor in Perpetua Resources' $2 billion Stibnite gold-antimony mine - the US's biggest known antimony stash. The company boasts its latest foray has two red-hot prospects in the 1.2-kilometre Antimony Ridge Fault zone and the 3.5km Golden Gate Fault zone. The project packs a non-JORC compliant resource of 7.25 million tonnes at 0.93 grams per tonne (g/t) for 216,000 ounces of gold at Golden Gate Hill, and a further 3.17Mt at 0.69g/t for 70,000 ounces at Antimony Hill. Historical drilling has dished up promising chunky intersections, including 85.34m at 0.94g/t gold and rock chips peaking at 3.68g/t gold, 367g/t silver and 19.15 per cent antimony. The project was accompanied by a handy $1.9M capital raising at 1.3c per share through Oakley Capital, which pocketed the industry-standard 6 per cent raising fee, plus 69M shares and 72M options for facilitating the deal. The 'free' shares alone were worth a hefty $897,000 at the raise price. The market didn't bat an eyelid, sending the company's share price soaring 28 per cent when trade resumed on Wednesday morning. It then got the ball seriously rolling, peaking at 4.2c on Friday - up 133 per cent from last week - with aboute $10M in stock trading hands. Hot on the heels of its Runners bronze place finish for its Aussie antimony-gold projects earlier this year, Resolution snagged silver this week thanks to the tariff-war darlings of antimony and tungsten. Perhaps Resolution's US critical minerals gamble will one day earn it a gold medal, but this week the real winners were Icetana and the good people at Oakley Capital. HIGHFIELD RESOURCES LTD (ASX: HFR) Up 83% (12c – 22c) The final Runner and third-place taker is potash developer Highfield Resources, which clawed its way back from the brink with an 83 per cent bounce this week. The company rocketed from a 12c-a-share close last week to a 22c peak on Thursday, as the market looked for bargain-basement pickups on the mammoth Muga potash project in Spain. Once a $400 million darling, Highfield's share price had been pummelled over the past three years, falling from a high of $1.25 to below 10c just last week. It has been battered by a drawn-out investment saga with the Foreign Investment Review Board, while Chinese heavyweights have circled its flagship Muga potash mine. This week, those clouds parted. The market hopes a funding jackpot to fast-track Muga's US$479M development will allow it to produce a massive 1 million tonnes per annum of muriate of potash fertiliser across more than three decades of mine life. Earlier this year, Hong Kong-based Yuankuang Energy Group committed to a huge US$220M equity raise in Highfield at 50c per share, pending multiple international approvals. A lowly share price and numerous recent board resignations suggest the deal is decidedly on the fritz. But with Muga's low-capex, high-margin design and permits in hand, the company could at last be making a comeback. While the sunset date on an implementation agreement between Yuankuang and Highfield is set for June 30, the project still retains plenty of its former promise. Shareholders are no doubt hoping this beleaguered battler can look more like a phoenix rising under new management in the second half of the year. Is your ASX-listed company doing something interesting? Contact:
