Latest news with #SantaFeMinerals
Sydney Morning Herald
a day ago
- Business
- Sydney Morning Herald
ASX Runners: Santa Fe, Energy World, Next Science and Loyal Metals
The close to the financial year impressively saw the ASX crack 8600 points on the index for the first time in history. The all-time highs were welcomed largely thanks to all four major banks forecasting a July interest rate cut, as soft data brought forward forecasts and added a potential second rate cut within the calendar year. All-time highs on the back of weak global economic data and geopolitical instability don't seem like the strongest foundation for markets. Regardless, materials stacked on most of the Aussie index's gains as the copper price hit US$10,000 (A$15,200) per tonne for the first time this year. The red metal has turned into one of 2025's hottest commodities plays, with huge global M&A and copper-gold raisings forecasting continued strength into the new financial year. Dominoes was the market's most notable loser. Its share price dropped nearly 25 per cent, after its recently appointed revolutionary CEO and managing director resigned. The surprise 'see ya later' left the market reeling, asking the remaining board 'what the heck just happened?'. Gold finished the financial year flat, as safe haven demand dissipated, ending a near six-month winning streak for the yellow metal. The precious metal remains at all-time high prices thanks to threats of United States President Donald Trump's returning Tariff War looming large for next week's market digestion. This week's Bulls N' Bears Runners, like the broader ASX, was dominated by the materials sector. Taking out top spot was a microcap minnow vanadium explorer turned West African gold hopeful, which snapped up a huge project from a big brother goldie in the booming region. Up 416% (3.1c – 16c) This week's Runner of the week was snatched by Santa Fe Minerals, which blasted off on Thursday after unveiling its acquisition of the Eburnea gold project in Côte d'Ivoire from Turaco Gold.
The Age
a day ago
- Business
- The Age
ASX Runners: Santa Fe, Energy World, Next Science and Loyal Metals
The close to the financial year impressively saw the ASX crack 8600 points on the index for the first time in history. The all-time highs were welcomed largely thanks to all four major banks forecasting a July interest rate cut, as soft data brought forward forecasts and added a potential second rate cut within the calendar year. All-time highs on the back of weak global economic data and geopolitical instability don't seem like the strongest foundation for markets. Regardless, materials stacked on most of the Aussie index's gains as the copper price hit US$10,000 (A$15,200) per tonne for the first time this year. The red metal has turned into one of 2025's hottest commodities plays, with huge global M&A and copper-gold raisings forecasting continued strength into the new financial year. Dominoes was the market's most notable loser. Its share price dropped nearly 25 per cent, after its recently appointed revolutionary CEO and managing director resigned. The surprise 'see ya later' left the market reeling, asking the remaining board 'what the heck just happened?'. Gold finished the financial year flat, as safe haven demand dissipated, ending a near six-month winning streak for the yellow metal. The precious metal remains at all-time high prices thanks to threats of United States President Donald Trump's returning Tariff War looming large for next week's market digestion. This week's Bulls N' Bears Runners, like the broader ASX, was dominated by the materials sector. Taking out top spot was a microcap minnow vanadium explorer turned West African gold hopeful, which snapped up a huge project from a big brother goldie in the booming region. Up 416% (3.1c – 16c) This week's Runner of the week was snatched by Santa Fe Minerals, which blasted off on Thursday after unveiling its acquisition of the Eburnea gold project in Côte d'Ivoire from Turaco Gold.
News.com.au
2 days ago
- Business
- News.com.au
Resources Top 5: Santa Fe jumps five-fold on Côte d'Ivoire gold acquisition
Santa Fe Minerals is acquiring the Eburnea gold project in Côte d'Ivoire Bendigo-style mineralisation has been confirmed in the first diamond hole at Blue Moon prospect in Victoria Drilling is about to start in Sipa Resources' maiden campaign at Tunkillia North and Nuckulla Hill gold projects Your standout small cap resources stocks for Thursday, July 3, 2025 Santa Fe Minerals (ASX:SFM) Santa Fe Minerals (ASX:SFM) jumped more than five-fold to a three-year high of 16c after executing a deal to acquire the Eburnea project in Côte d'Ivoire from Turaco Gold (ASX:TCG). Binding share purchase agreements will give SFM 100% of the Satama permit covering 168.7km2 and up to 90% of the Bouake North application covering 380.8km2 once granted. Satama has shown promise, with hits like 26m at 4.82g/t gold, and sits on a 2km-long mineralised zone with plenty of room to grow as geophysical surveys and historical results suggest there are multiple repeat parallel zones. The deal for the under-application Bouake prospect, which lies 35km from Endeavour's 3Moz Lafigue mine (3Moz at 2.0 g/t), will see SFM acquire 65%, with the right to increase to 80% upon granting and an option to further increase to 90%. Satama and Bouake North have been explored for gold via soil and auger geochemistry, geophysics and several phases of aircore and RC drilling. Drilling has identified multiple gold mineralised zones that have good potential to define significant resources with additional exploration. At Satama, most of the drilling in the Main Zone has been within the shallow oxide zone, however, some deeper holes show good continuation of mineralisation into fresh rock. West of the Main Zone geophysics and geochemistry identified several sub-parallel mineralised zones with strike lengths of up to 3km. These have only been lightly drilled and are confirmed by strong shallow intersections in aircore drilling and remain priority targets. Exploration at Bouake North comprising auger drilling has defined collectively 6km strike of +100ppb gold. To fund the move, Santa Fe has secured $1.2 million at 5c a share, a 61.3% premium to the last closing price, all subject to shareholder and ASX sign-off. The sale is consistent with Turaco's focus on the development of the Afema gold project in southern Cote d'Ivoire and follows divestments of other non-core permits to Many Peaks Minerals, Aurum Resources, Awale Resources and Fortuna Mines. Falcon Metals (ASX:FAL) Falcon Metals is parked at the doorstep of the world-class 22Moz Bendigo Goldfield with the Blue Moon prospect in central Victoria and is revving up its engine after confirming Bendigo-style mineralisation in the first diamond hole. The hole intersected several narrow high-grade gold-bearing quartz lodes and returned 2.2m at 6.5g/t gold from 41.2m, including 0.3m at 39.2g/t from 41.2m; and 2.4m at 8.4g/t from 600m, including 0.3m at 48.7g/t from 600m and 0.3m at 18.2g/t from 602.1m. There may be more to come as FAL has only received partial results. Investors welcome the early success with shares reaching 21.5c, an increase of 38.71% on the pre-trading halt close on June 30. The hole targeted the interpreted northern down-plunge continuation of the Garden Gully anticline trend, at the previously undrilled Blue Moon target area. Garden Gully anticline was the most productive in the Bendigo Goldfield and is estimated to have produced 5.2Moz at 15g/t from areas where the more prospective parts of the sequence outcropped or were close to the surface. The new results and the presence of visible gold from the first hole have confirmed the conceptual target and provide good vectors for wedge holes to test for wider zones of mineralisation closer to the fold hinge. 'This is an exciting start to the drill program, intersecting high-grade veins in our first hole in the east limb of the anticline,' Falcon Metals' managing director Tim Markwell said. 'The recognition of Bendigo-style mineralisation with visible gold proves our concept that the high-grade Bendigo lodes plunge into Falcon tenure and provides encouragement to drill wedge holes, in order to track these zones closer towards the fold hinge, where they are usually thickest.' Remaining assays for the hole are expected to be received in the coming weeks and given results from thus far, the rig has started a wedge hole to test targets T552, T600 and T643 closer to the fold hinge. Shallower targets will be tested by a new hole from surface. SIPA Resources (ASX:SRI) Drilling is about to start in Sipa Resources' maiden campaign at the new Tunkillia North and Nuckulla Hill gold projects in South Australia and shares reached 1.7c, a lift of 21.43%. RC drilling will start next week and the initial aim is to infill and extend previously identified gold mineralisation at Bimba and Sheoak prospects within Nuckulla Hill, which is in the same shear zone that hosts Barton Gold's (ASX:BGD) 1.6Moz Tunkillia deposit. The two projects were acquired in December 2024, host multiple advanced and large-scale prospects and cover ~40km of the Yarlbrinda shear zone – a 150km long and 12km wide structure analogous to the major Kalgoorlie Shear Zone in WA. While exploration is still in its early phases, evidence has emerged that the Yarlbrinda Shear Zone extends from Barton's Tunkillia deposit into Nuckulla Hill. Both projects also host rock types similar to those at Barton's deposit. WIA Gold (ASX:WIA) Positive results have been fielded from 33 RC drill holes and 11 diamond holes in a 11,192m campaign by Wia Gold (ASX:WIA) to upgrade and expand the 2.12Moz Kokoseb Gold Project in Namibia. In Southern Zone RC drilling returned up to 50m at 12g/t Au from 188m, including 1m at 528g/t, and this is the most significant gold intercept returned to date at Kokoseb. Other results were 24m at 2.42g/t Au from 100m, 23m at 2.36 g/t from 92m and 27m at 2.34 g/t from 123m. At Central Zone drilling extended the high-grade shoot with an unconstrained intercept of 118.3m at 1.46g/t Au while infill drilling returned 28m at 1.57g/t from 9m and 33m at 1.47g/t from 87m. Diamond drilling at Central extended the high-grade shoot a further 200m down plunge and returned 9.7m at 4.66g/t Au from 477.9m, including 5.1m at 7.40g/t, and 5.7m at 5.82 g/t from 493.2m. All zones remain open at depth and along strike with all new assays to be included in an MRE update which remains on track to be released in July. Despite volatile met coal prices and markets, Coronado Global Resources is moving ahead, being 29.63% higher to a daily high of 17.5c. A number of moves have been made in the past month to support liquidity including a refinanced debt facility with private equity firm Oaktree Capital Management and up to US$150m in additional liquidity from Stanwell Corporation in exchange for thermal coal supply of up to 800,000tpa over five years from 2027. On July 3 in response to media speculation suggesting that it is in discussions with certain parties about a sale of assets or the business, CRN confirmed to the ASX: 'The company has engaged in discussions with certain counterparties about a potential sale of a minority interest in certain assets but has not received any binding proposal from any party and has not made any decision as to whether it will proceed with a sale or any other form of transaction.'
News.com.au
2 days ago
- Business
- News.com.au
Top 10 at 11: Small cap gold stocks shine despite early ASX dip
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. Small cap gold stocks outperform The ASX 200 has fallen 0.15% as of about 10:30 am AEST, trending down from a new record closing high yesterday. It's not a great start to the day for the majority of the market, with seven sectors down, one unchanged and three making progress. Resources is leading gains, up 2.21% with energy (+0.81%) and health care (+0.69%) trailing. The ASX 200 Resources index is flying along, adding 2.15%, but the All Ord Gold sub index has fallen 0.91%. While that doesn't bode well for gold stocks in general, several are resisting the riptides to make big gains this morning. WINNERS Code Name Last % Change Volume Market Cap SFM Santa Fe Minerals 0.15 384% 713000 $2,257,382 OKJ Oakajee Corp Ltd 0.03 50% 29000 $1,828,921 PAB Patrys Limited 0.0015 50% 4369649 $2,365,810 AMS Atomos 0.004 33% 500000 $3,645,055 AOK Australian Oil. 0.0025 25% 5785563 $2,003,566 THR Thor Energy PLC 0.01 25% 1086223 $5,686,319 WBE Whitebark Energy 0.005 25% 200000 $2,749,334 FAL Falconmetalsltd 0.19 23% 663831 $27,435,000 THB Thunderbird Resource 0.011 22% 3250000 $3,507,673 BNL Blue Star Helium Ltd 0.006 20% 46216 $13,474,426 In the news... Santa Fe Minerals (ASX:SFM) has laid claim to the Eburnea gold project, acquiring it from Turaco Gold (ASX:TCG) in return for 12 million shares, 4m performance rights and a potential 2.5% net smelter royalty. The company has also locked in commitments for a $1.2m share placement, offered at a 61% premium to its last closing price, to fund exploration at Eburnea. The project has produced broad gold hits of up to 26m at 4.82 g/t and a bonanza intersection of 3m at 35.79 g/t gold that SFM is keen to explore further. Australian Oil (ASX:AOK) is moving to offload debt from its books, coming to a settlement with former director Gary Jeffery and his company Dungay Resources to eliminate a $1m loan and the balance of interest accrued. AOK will pay $28k and issue 36m shares to satisfy the total debt of just over $184k, settling the matter. Falcon Metals (ASX:FAL) reckons it's hit Bendigo Goldfield-style mineralisation in the first hole drilled at the Blue Moon prospect, situated within the prolific Garden Gully anticline. FAL's drill bit hit 2.4m at 8.4 g/t gold from 600m of depth, peaking at 0.3m at 48.7 g/t gold in an area that has produced 5.2Moz of gold at an average grade of 15 g/t. Management thinks there's a good chance there are multiple quartz veins and thicker saddle reefs in the immediate Blue Moon area, drilling a wedge hole to better target the wider bands of mineralisation. Thunderbird Resources (ASX:THB) is also rising on gold-related news this morning; rock chip assays from its Kookabookra project in NSW returned particularly impressive assays of up to 153.5 g/t gold. The company is zeroing-in on the Mt Secret and Mannix prospects in particular, where gold-in-soil results up to 926 parts per billion coupled with the high-grade rock chip results point to potential gold systems. There's also more than 400 historical mine workings on the project – THB has boots on the ground at the Bear Hill and Butcher Reef prospects to sample them. LAGGARDS Code Name Last % Change Volume Market Cap BLZ Blaze Minerals Ltd 0.002 -33% 200000 $5,335,392 DGR DGR Global Ltd 0.004 -27% 100000 $5,740,328 BYH Bryah Resources Ltd 0.009 -25% 5096209 $10,439,442 MPP Metro Ltd 0.05 -24% 51732 $12,234,954 MEL Metgasco Ltd 0.002 -20% 27500 $4,581,467 G88 Golden Mile Res Ltd 0.009 -18% 4121919 $5,986,726 CDE Codeifai Limited 0.067 -16% 3682627 $35,435,076 HMD Heramed Limited 0.011 -15% 3025217 $11,382,836 MGU Magnum Mining & Exp 0.006 -14% 2914860 $9,566,810
