Latest news with #LiontownResources
News.com.au
29-05-2025
- Business
- News.com.au
Closing Bell: ASX climbs as courts strike down Liberation Day tariffs, re-energising markets
Energy sector pushes ASX 0.15pc higher US court has ruled Trump's Liberation Day and fentanyl tariffs are unlawful Steel, aluminium and auto tariffs remain in place The ASX has posted another gain today, albeit a small 0.15% lift. News US courts had blocked Trump's tariff spree gave the market tailwinds, while the Energy sector powered higher. As has been the story in recent weeks, Info Tech and the Banks contributed handily to the Aussie market's gains, with both indices trending higher. Woodside Energy (ASX:WDS) continued its gains after receiving the green light for its North West Shelf gas project, climbing 3.05%. Capstone Copper (ASX:CSC) also continued its ascent, up 5.42% as copper's outlook continues to improve, and Liontown Resources (ASX:LTR) posted a 4.13% recovery today, although still down 3.08% for the trading week. Markets roar back to life as courts block Trump tariffs While President Trump has signalled his intention to appeal a court decision to block his Liberation Day tariffs, global markets are already celebrating. "The law is clear: no president has the power to single-handedly raise taxes whenever they like," New York attorney general Letitia James said. "These tariffs are a massive tax hike on working families and American businesses that would have led to more inflation, economic damage to businesses of all sizes, and job losses across the country if allowed to continue." Futures for US markets are sharply higher in after-hours trade. S&P500 Futures are up 1.7%, Dow Jones 1.33% and the Nasdaq 1.97%. In Asia, the Japanese Nikkei 225 soared 1.91% in trade today, while the Shanghai Composite Index has added 0.72%. The US dollar has also made a small recovery, lifting the US Dollar Index (comparing it to a basket of major currencies) 0.33% today. That pushed gold lower, sliding 0.84% to about US$3270.64. 'The Albanese government has been consistent in the view that these tariffs on Australian imports into the US are unjustified,' Australian minister for trade Don Farrell said. 'We will continue to engage and strongly advocate for the removal of tariffs.' ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Name Last % Change Volume Market Cap EDE Eden Inv Ltd 0.003 200% 99857288 $4,109,881 AOA Ausmon Resorces 0.002 100% 120455 $1,311,213 UCM Uscom Limited 0.019 58% 133012 $3,005,724 BP8 Bph Global Ltd 0.003 50% 786421 $2,101,969 ENL Enlitic Inc. 0.034 42% 908948 $17,313,813 EDU EDU Holdings Limited 0.28 40% 2400082 $30,110,682 TM1 Terra Metals Limited 0.036 38% 17149767 $10,793,512 RPG Raptis Group Limited 0.035 35% 255986 $4,558,903 AX8 Accelerate Resources 0.008 33% 1701649 $4,783,132 MTB Mount Burgess Mining 0.004 33% 1000000 $1,055,108 OB1 Orbminco Limited 0.002 33% 8099104 $3,596,352 TEM Tempest Minerals 0.004 33% 1709348 $2,203,590 IVX Invion Ltd 0.11 29% 1305054 $7,201,936 CDE Codeifai Limited 0.009 29% 392000 $2,282,222 PXX Polarx Limited 0.009 29% 3417728 $16,628,507 RMI Resource Mining Corp 0.029 26% 8415321 $15,304,332 OLY Olympio Metals Ltd 0.05 25% 349363 $3,522,692 C7A Clara Resources 0.005 25% 200000 $2,046,417 RDS Redstone Resources 0.005 25% 6382842 $3,701,514 NGX Ngxlimited 0.16 23% 29831 $11,779,539 RCL Readcloud 0.135 23% 151460 $16,898,174 FAL Falconmetalsltd 0.14 22% 270451 $20,355,000 OEL Otto Energy Limited 0.006 20% 33492247 $23,974,090 CHR Charger Metals 0.048 20% 190732 $3,096,810 JAV Javelin Minerals Ltd 0.003 20% 1.06E+08 $15,115,373 Making news… Eden Innovations (ASX:EDE) has captured momentum with its EdenCrete Pz7 concrete additive, a product that makes standard concrete mixes stronger and reduces the need for carbon-intensive Portland Cement. Over the past three months, sales topped US$567k. In April and May alone, sales were 86% higher than the same quarter last year. Holcim US also ordered US$91k worth of Pz7 for a 22-storey high-rise in Denver, Eden's first major commercial project. BPH Global (ASX:BP8) is preparing its first shipment of Indonesian seaweed biomass under a sales cooperation agreement with PT Kebula Raya Bestari, delivering 60 metric tonnes to South Korea-based food ingredient manufacturer MSC. Invion (ASX:IVX) just got the thumbs-up from the safety committee after treating the first six patients in its skin cancer trial. There are early signs the drug is shrinking tumours after one dose. INV043 also makes cancer cells glow under violet light, hinting it could double as a diagnostic tool. Invion is now gearing up for a second study with Peter Mac, combining the treatment with immunotherapy. After 'constructive discussions with a broad group of shareholders' EDU Holdings (ASX:EDU) has rescinded the proposed delisting of its shares from the ASX and an associated off-market buy-back offer. The board says it will consider future capital management options, remaining committed to long-term value for shareholders. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Security Name Last % Change Volume Market Cap SHP South Harz Potash 0.003 -40% 51501 $5,513,644 DMG Dragon Mountain Gold 0.004 -33% 648200 $2,368,030 MOM Moab Minerals Ltd 0.001 -33% 500000 $2,600,499 OVT Ovanti Limited 0.002 -33% 93657480 $8,380,545 WBE Whitebark Energy 0.004 -33% 276226 $4,124,001 ERL Empire Resources 0.003 -25% 199765 $5,935,653 GMN Gold Mountain Ltd 0.0015 -25% 239339 $10,267,776 CTQ Careteq Limited 0.01 -23% 1885218 $3,082,543 AXI Axiom Properties 0.03 -23% 123000 $16,875,833 MGU Magnum Mining & Exp 0.007 -22% 364290 $10,094,858 AAU Antilles Gold Ltd 0.004 -20% 179945 $10,631,838 AMS Atomos 0.004 -20% 372000 $6,075,092 AQX Alice Queen Ltd 0.004 -20% 15937084 $5,734,450 BYH Bryah Resources Ltd 0.004 -20% 610561 $4,349,768 CR9 Corellares 0.002 -20% 1500 $2,514,016 EAT Entertainment 0.004 -20% 1853 $6,543,930 PRX Prodigy Gold NL 0.002 -20% 20001 $7,937,639 NSM Northstaw 0.03 -19% 1686468 $10,126,031 OLL Openlearning 0.015 -17% 99553 $8,688,144 AZL Arizona Lithium Ltd 0.005 -17% 9609192 $31,621,887 EPM Eclipse Metals 0.005 -17% 1788032 $17,194,914 GLL Galilee Energy Ltd 0.005 -17% 7500 $4,243,157 LU7 Lithium Universe Ltd 0.005 -17% 302360 $4,715,878 NES Nelson Resources. 0.0025 -17% 80000 $6,515,783 RC1 Redcastle Resources 0.005 -17% 2906728 $4,461,401 IN CASE YOU MISSED IT An independent study comparing Altech Batteries' (ASX:ATC) Cerenergy technology to alternatives including lithium-ion, sodium-sulphur and vanadium flow batteries has revealed several areas of superior performance. The sodium chloride solid state batteries developed by ATC offer comparative energy efficiencies to lithium-ion batteries, exceeding the other two chemistries, and matches or exceeds its rivals in overall lifetime, cycle life, safety, temperature range, and discharge duration. TG Metals (ASX:TG6) is delving into historical stockpiles at the Van Uden gold project, using a sonic core drill rig to test the gold grades. The drilling will also provide samples for metallurgical testwork as the company transitions toward gold production. Trigg Minerals (ASX:TMG) looks to uncover more critical minerals at its Antimony Canyon project in Utah. Trading halts At Stockhead, we tell it like it is. While Altech Batteries, TG Metals, Hot Chili and Trigg Minerals are Stockhead advertisers, they did not sponsor this article.
ABC News
25-05-2025
- Business
- ABC News
Critical minerals take back seat in WA as gold hits record prices
In Australia's resources sector, Tim Goyder has been the man with the Midas touch in recent years. At one point in 2023, his stock holdings in one-time market darlings Liontown Resources and Chalice Mining saw him become a paper billionaire with an estimated net worth of $1.09 billion. But as fast as the Perth-based mining investor joined the Australian Financial Review's annual Rich List, such is the swings and roundabouts of commodity price cycles, he slipped off. That is not to say Mr Goyder has lost his golden touch, but his personal fortune reflects the downturn in critical minerals such as lithium and nickel. "Two years ago, everyone was saying lithium was the thing to be in, which I still believe," he said. Mr Goyder and his various investment arms control more than 333 million shares in Western Australia's newest lithium miner, Liontown Resources, worth $211.8 million at Friday's closing price of 63.5 cents. The company's $951 million Kathleen Valley lithium mine in WA's northern Goldfields shipped its first concentrate from Geraldton Port last September, supplying US electric vehicle manufacturers Ford and Tesla and South Korean battery maker LG Energy Solutions. The development of the long-life Kathleen Valley mine saw Liontown trade as high as $3.15 in June 2023, as US chemicals giant Albermarle circled with a $6.6 billion takeover bid before walking away during the due diligence process. Lithium's dramatic slump was underlined this month when Liontown received a state government support package in the form of waivers on port charges and tenement fees, as well as a $15 million interest-free loan until prices recover. "It's gratefully received from the WA government," Mr Goyder said. "They recognise it is an early mover industry, and every bit helps while lithium prices are low, but long term I think we've got a very, very good business." Another former market darling of Mr Goyder's is Chalice Mining, which has slowed development work for its Gonneville palladium-nickel-copper project near Toodyay in WA's Wheatbelt. His 7.8 per cent stake was worth $37.5 million at Friday's $1.23 market close, down from a record $9.86 in November 2021. In the meantime, Mr Goyder has turned his attention to gold as the precious metal soared above $5,000 an ounce in Australian dollar terms for the first time this year. As chairman of fledgling gold miner Minerals 260, and a 7.3 per cent major shareholder, he played a key role in January's $166.5 million acquisition of the Bullabulling project from Chinese-owned miner Norton Gold Fields. "We don't have buyer's remorse," Mr Goyder said. "After paying $72 an ounce, and given the gold price has risen almost $700 an ounce since we announced the deal, we don't have buyer's remorse." The Bullabulling mine, 65 kilometres south-west of Kalgoorlie-Boulder, closed in 1998 when the gold price was about $500 an ounce. Geologists have pored over old drilling data and estimate at least 2.3 million ounces of gold remains at Bullabulling, where Mr Goyder believes a mine employing 350 workers could be operational by 2028. "There's nothing better than seeing a development go ahead, jobs created, and wealth created for our shareholders," he said. Minerals 260's ASX ticker is MI6, and as one geologist pointed out during a recent field trip, they have been given a "licence to drill". Four drill rigs, and soon to be six, are turning as part of an 80,000-metre exploration campaign to find more pay dirt. "There is upside here there's no doubt, that's why we bought it," Mr Goyder said. "I'm sure once we go through all the studies, the economics are going to look very good." It is a familiar story across WA with old mines being dusted off like old newspapers amid this year's record gold prices. Among them is the Youanmi mine, about 400km east of Geraldton, which operated from 1987 to 1997 but closed when the gold price was about $450 an ounce. Perth-based Rox Resources has estimated it would cost $245 million to bring it into production. Rox has told the ASX it will complete a definitive feasibility study by the end of the year with the aim of entering production by mid-2027. At nearby Sandstone in the Mid West, WA gold miner Brightstar Resources has taken the first steps to revive mining, which ceased in 2010. The company is currently undertaking an 80,000-metre drilling campaign at Sandstone, with plans to restart production in 2028. It is funding those works by selling ore to processing plants surrounding its gold deposits at Laverton and Menzies in the northern Goldfields, a practice known as toll milling. Gold's current hot streak has seen even low-grade material become valuable again, highlighted this week at the Mt Fisher mine, a small open pit last mined in 1987 about 120km east of Wiluna. Old stockpiles, up to 195,000 tonnes of low-grade ore, that have sat at Mt Fisher for 38 years, are undergoing test work for a potential toll milling deal. "There's lots of ups and downs in the market … but the gold price has gone up exponentially in just two years," Mr Goyder said. "It's a great spot to be right now."
Yahoo
17-05-2025
- Business
- Yahoo
Timothy Rupert Goyder Buys Handful Of Shares In Liontown Resources
Those following along with Liontown Resources Limited (ASX:LTR) will no doubt be intrigued by the recent purchase of shares by Timothy Rupert Goyder, Non-Executive Chairman of the company, who spent a stonking AU$1.5m on stock at an average price of AU$0.77. While that only increased their holding size by 0.6%, it is still a big swing by our standards. Our free stock report includes 1 warning sign investors should be aware of before investing in Liontown Resources. Read for free now. In fact, the recent purchase by Timothy Rupert Goyder was the biggest purchase of Liontown Resources shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of AU$0.81 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Liontown Resources insiders decided to buy shares at close to current prices. In the last twelve months Liontown Resources insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! View our latest analysis for Liontown Resources There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them). For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Liontown Resources insiders own about AU$300m worth of shares (which is 15% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Liontown Resources. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for Liontown Resources that deserve your attention before buying any shares. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Sky News AU
09-05-2025
- Business
- Sky News AU
ASX 200 edges up after United States, United Kingdom strike 'historic' trade deal
Aussie investors have remained uninspired by a 'historic' trade deal between the United States and the United Kingdom, with the ASX 200 opening flat on Friday. The market see-sawed with aluminium producer Alcoa Corporation rising 3.2 per cent, Liontown Resources up 3.7 per cent and Champion Iron adding 2.4 per cent. Gaming manufacturer Light & Wonder sank 3.8 per cent on Friday, while Westgold Resources dropped 2.7 per cent and Vault Minerals fell 3.1 per cent. It came after UK and US officials confirmed a 'breakthrough' trade deal which will lower or scrap tariffs. While the baseline 10 per cent tariff that Trump revealed on "Liberation Day" still applies to British exports, UK steel and aluminium will no longer face the additional 25 per cent levy and the automotive tariff will be reduced to 10 per cent under the newly announced deal. UK Prime Minister Keir Starmer said it was a 'fantastic, historic day' as Donald Trump also lauded the deal and said there were more on the horizon as negotiations continued. "Because of our long time history and allegiance together, it is a great honour to have the United Kingdom as our FIRST announcement," Trump posted on Truth Social. "Many other deals, which are in serious stages of negotiation, to follow!" The US will begin trade discussions with China in Switzerland this week where global leaders will look to minimise the whopping tariffs either superpower has on one another. Wall Street surged on Thursday with the tech-heavy Nasdaq up 1.1 per cent and the S&P 500 and the Dow Jones both rising 0.6 per cent. London's FTSE 100 sank 0.3 per cent, Germany's DAX rose one per cent and the EURO STOXX finished up 1.1 per cent on Thursday. New Zealand's NZX 50 Index is up 0.7 per cent since the market opened on Friday while Japan's Nikkei 225 is up 1.2 per cent.
