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News.com.au
06-05-2025
- Business
- News.com.au
Closing Bell: Gold shines bright despite minor market dip
ASX Gold Index leads gains, up more than 4pc Energy sector in the green despite 2pc oil price fall Tech index bucks Nasdaq's trend to rise 0.8pc It's been a rollercoaster of a day on the ASX, with the bourse swinging wildly up and down throughout the day before settling marginally down, dipping 0.08%. Despite falls in oil and iron ore prices overnight, a 2.5% uptick in the gold price made waves. Perhaps our market had already priced-in the current oil outlook, because Energy stocks are up today, gaining almost a full percentage point alongside the Materials sector. The indices are certainly telling a story – the ASX All Ords Gold index has climbed more than 4.3%, the Small Ords (which is very resources heavy) more than 1% and the ASX200 Resources index tipped up 0.69%. That's given plenty of fuel for gold stocks to rise. Leaving small caps aside for now, Pantoro Gold (ASX:PNR) gained 11.83%, Resolute Mining (ASX:RSG) 10.4%, Larvotto Resources (ASX:LRV) 10.19%, Ora Banda Mining (ASX:OBM) 6.47%, Black Cat Syndicate (ASX:BC8) 7.14% and Ramelius Resources (ASX:RMS) 6.87%. In fact, the gold miners were so dominant today they didn't leave a lot of room for other stocks to take the spotlight. Notable exceptions are immunotherapy biotech Immutep (ASX:IMM) which gained 9%, automotive stock Autosports Group (ASX:ASG) up 9.76%, gambling giant Tabcorp Holdings (ASX:TAH) which lifted 9.2% alongside the Star Group's (ASX:SGR) 9.52% gain, and technology large cap NextDC (ASX:NXT) up 8.14%. Overall, the market has taken a minor loss, with seven sectors in the green and four in the red. The Healthcare sector weighed heavily on the bourse, down 1.86%. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Description Last % Volume MktCap DTR Dateline Resources 0.035 59% 2.1E+08 $60,842,510 BP8 Bph Global Ltd 0.003 50% 190000 $2,101,969 AZL Arizona Lithium Ltd 0.01 43% 51496080 $31,932,702 AN1 Anagenics Limited 0.008 33% 1449899 $2,977,922 VEN Vintage Energy 0.004 33% 1062981 $5,697,666 AEV Avenira Limited 0.009 29% 7383898 $22,243,508 BGE Bridgesaaslimited 0.019 27% 32000 $2,997,888 WTM Waratah Minerals Ltd 0.295 26% 5747597 $47,717,729 GCM Green Critical Min 0.015 25% 27338485 $23,540,140 NPM Newpeak Metals 0.015 25% 260838 $3,864,861 GES Genesis Resources 0.01 25% 42000 $6,262,730 IPB IPB Petroleum Ltd 0.005 25% 1042715 $2,825,612 RML Resolution Minerals 0.01 25% 2877525 $4,206,295 WCN White Cliff Min Ltd 0.0285 24% 2.79E+08 $43,595,827 PHO Phosco Ltd 0.07 23% 20527 $16,301,552 GRV Greenvale Energy Ltd 0.054 23% 254320 $23,952,427 PRS Prospech Limited 0.027 23% 59377 $7,234,170 EQX Equatorial Res Ltd 0.14 22% 533211 $15,116,216 LKY Locksleyresources 0.028 22% 5761797 $3,373,333 S66 Star Combo 0.14 22% 1500 $15,534,543 REC Rechargemetals 0.017 21% 262117 $3,597,860 SMM Somerset Minerals 0.017 21% 21798832 $5,918,271 YRL Yandal Resources 0.17 21% 410253 $43,292,897 HIQ Hitiq Limited 0.03 20% 1907479 $9,189,061 1AI Algorae Pharma 0.006 20% 727214 $8,436,974 Making news… White Cliff Minerals (ASX:WCN) has hit a very promising copper intercept at its Danvers project in Canada, drilling 175m at 2.5% copper from just 7.6m down. The hole ended in even higher grades, still open at depth. The company says it's one of the best copper hits globally in decades, and is planning more drilling to chase it further. More assays are on the way, with a maiden JORC resource in the works. Waratah Minerals (ASX:WTM) fronted the RIU Resources Conference with a cracking pitch on its gold-copper hunt in NSW's Lachlan Fold Belt, one of Australia's hottest mineral districts. It's sitting on a big district-scale land position at its Spur project, 100% owned, right near majors like Newmont and Gold Fields, with solid hits already in the bag including 11m at 10.8g/t gold and nearly 200m at 0.54% copper equivalent. Waratah reckons it's only just getting started in what's shaping up to be a prime gold-copper postcode. Somerset Minerals (ASX:SMM) has just wrapped up the acquisition of the high-grade Coppermine Project in Nunavut, right next door to White Cliff's monster copper hit at Danvers. It now controls a massive 1,200km² landholding packed with historical copper finds, including grades up to 45.4% copper, and is gearing up to launch its maiden drill campaign in just a couple of weeks. Early targets at Coronation are looking juicy, the company said, with reprocessed geophysics lighting up multiple anomalies, and old drill holes that ended in mineralisation. Green Critical Minerals (ASX:GCM) is enjoying increased offtake attention around its very high density graphite technology, including formal requests for product samples from a leading European and UK based thermal management solutions provider. The company says the uptick in attention is a validation of their product's commercial potential, aligning with market needs in electronics, defence, and high-efficiency manufacturing sectors. ASX SMALL CAP LAGGARDS Today's worse performing small cap stocks: Code Name Price % Change Volume Market Cap DTR Dateline Resources 0.035 59% 2.1E+08 $60,842,510 BP8 Bph Global Ltd 0.003 50% 190000 $2,101,969 AZL Arizona Lithium Ltd 0.01 43% 51496080 $31,932,702 AN1 Anagenics Limited 0.008 33% 1449899 $2,977,922 VEN Vintage Energy 0.004 33% 1062981 $5,697,666 AEV Avenira Limited 0.009 29% 7383898 $22,243,508 BGE Bridgesaaslimited 0.019 27% 32000 $2,997,888 WTM Waratah Minerals Ltd 0.295 26% 5747597 $47,717,729 GCM Green Critical Min 0.015 25% 27338485 $23,540,140 NPM Newpeak Metals 0.015 25% 260838 $3,864,861 GES Genesis Resources 0.01 25% 42000 $6,262,730 IPB IPB Petroleum Ltd 0.005 25% 1042715 $2,825,612 RML Resolution Minerals 0.01 25% 2877525 $4,206,295 WCN White Cliff Min Ltd 0.0285 24% 2.79E+08 $43,595,827 PHO Phosco Ltd 0.07 23% 20527 $16,301,552 GRV Greenvale Energy Ltd 0.054 23% 254320 $23,952,427 PRS Prospech Limited 0.027 23% 59377 $7,234,170 EQX Equatorial Res Ltd 0.14 22% 533211 $15,116,216 LKY Locksleyresources 0.028 22% 5761797 $3,373,333 S66 Star Combo 0.14 22% 1500 $15,534,543 REC Rechargemetals 0.017 21% 262117 $3,597,860 SMM Somerset Minerals 0.017 21% 21798832 $5,918,271 YRL Yandal Resources 0.17 21% 410253 $43,292,897 HIQ Hitiq Limited 0.03 20% 1907479 $9,189,061 1AI Algorae Pharma 0.006 20% 727214 $8,436,974 IN CASE YOU MISSED IT EZZ Life Sciences Holdings (ASX:EZZ) will pay a fully franked share dividend, amounting to $0.020 per share. The ex-dividend date is May 16, 2025 and the payment date June 17, 2025. The genomic life science company says it is investing in the future of consumer health through the development of e-commerce and distribution of high-quality products. TRADING HALTS Adelong Gold (ASX:ADG) – cap raise Echo IQ (ASX:EIQ) – cap raise At Stockhead, we tell it like it is. While EZZ Life Sciences, Ora Banda Mining, Green Critical Minerals and White Cliff Minerals are Stockhead advertisers, they did not sponsor this article.
News.com.au
29-04-2025
- Business
- News.com.au
Closing Bell: Uranium surges on tariff exemption whispers; ASX rides energy wave higher
ASX uranium stocks have soared after the US administration flagged U3O8 would be included in tariff exemption list Energy sector up more than 2pc, with Small Ords index close behind Utilities, Info Tech, Resources, Real Estate sectors all up more than 1pc Assurances from the US administration that uranium will be included in an upcoming list of tariff exemptions has given stocks dealing in the yellowcake mineral a welcome boost. Small cap Boss Energy (ASX:BOE) is one of the best performing stocks on the ASX today, lifting 13.75% to $3.185 a share. The uranium producer's core focus is the Honeymoon uranium project in South Australia, where it expects to produce 850k pounds of uranium in the 2025 financial year. Micro caps Connected Minerals (ASX:CML) and Energy Resources of Australia (ASX:ERA) outperformed even Boss in terms of percentage gain (up 45% and 33.33% respectively), also enjoying attention from the uranium bulls. Boss and ERA are joined by Bannerman Energy (ASX:BMN) up 12.86%, Lotus Resources (ASX:LOT) up 15.15%, Deep Yellow (ASX:DYL) up 12.44%, and Paladin Energy (ASX:PDN) with a 9.2% gain. It's difficult to judge the effect on uranium's pricing, however, as its not traded openly on the market like other commodities, but rather directly between producers and end users in private long-term contracts. The effect on the wider Aussie market, on the other hand, was obvious. The ASX has gained almost a full percentage point today, lifting 0.92%. The ASX Small Ords Index is up more than 2%, and the ASX 200 Resources close behind with a more than 1.5% lift. The optimism appears to have carried over into the rest of the market, with 10 of 11 sectors in the green, although Consumer Staples (-0.03%) held the class back. Behind Energy, the Utilities and Info Tech sectors also enjoyed sizable gains, lifting 2.29% and 1.45% each. Standouts included Origin Energy (ASX:ORG) up 3.15% and AGL Energy (ASX:AGL) with a 2.09% boost. There was a 1.17% uptick for Wisetech (ASX:WTC), 1.05% for Xero (ASX:XRO), 1.45% for Technology One (ASX:TNE) and NextDC (ASX:NXT) rounded out the tech big caps with a 2.19% gain. All to say, the ASX is on a bit of a tear at the moment, hovering around two-month highs after posting its fourth straight day of gains. Of course, the bourse is still down 1.08% for the year to date, and the trade war that caused all the chaos is far from over, but for now things are looking up. Speaking of which, here are today's small cap movers and shakers on the Aussie market. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Description Last % Volume MktCap DY6 Dy6Metalsltd 0.165 293% 5842597 $2,117,255 88E 88 Energy Ltd 0.002 100% 9133331 $28,933,812 MMR Mec Resources 0.005 67% 1080000 $5,549,298 EEL Enrg Elements Ltd 0.0015 50% 2598009 $3,253,779 RAN Range International 0.003 50% 270606 $1,878,581 CML Connected Minerals 0.16 45% 189271 $4,549,403 ICR Intelicare Holdings 0.01 43% 16556666 $3,403,317 PHL Propell Holdings Ltd 0.01 43% 844830 $1,948,367 ADN Andromeda Metals Ltd 0.014 40% 35683888 $34,287,277 EAT Entertainment 0.007 40% 274684 $6,543,930 NYM Narryermetalslimited 0.042 35% 2813 $5,457,699 1TT Thrive Tribe Tech 0.002 33% 4505606 $3,047,585 ADD Adavale Resource Ltd 0.002 33% 1061407 $3,430,919 PRM Prominence Energy 0.004 33% 1132 $1,167,529 QXR Qx Resources Limited 0.004 33% 50200 $3,930,987 SIS Simble Solutions 0.004 33% 429710 $2,628,991 EL8 Elevate Uranium Ltd 0.29 32% 3345655 $84,835,479 MVP Medical Developments 0.61 31% 1485471 $52,386,121 PNT Panthermetalsltd 0.017 31% 21681035 $3,911,759 DTR Dateline Resources 0.009 29% 43908802 $19,358,980 WYX Western Yilgarn NL 0.034 26% 3215 $3,714,149 HMY Harmoney Corp Ltd 0.635 26% 91637 $51,491,894 UVA Uvrelimited 0.094 25% 1305 $4,515,000 RRR Revolverresources 0.035 25% 162884 $7,735,679 ASR Asra Minerals Ltd 0.0025 25% 21606559 $4,746,254 Making news… DY6 Metals (ASX:DY6) surged almost 300% after striking something special at Tundulu in southern Malawi, near the border with Mozambique. A fresh look at old drill data has uncovered high-grade gallium right from surface, with some hits showing eye-popping grades over long stretches. One standout drill hole pulled 74 metres at over 93 g/t gallium, including a spike at 310 g/t. DY6 said less than half the area has been drilled, and the gallium keeps going deeper, hinting there's plenty more below. Gallium is hot property right now thanks to demand in electronics and semiconductors, and most of the global supply is stitched up by China. DY6's still running tests, but early signs point to a potentially serious play, and the market will be watching closely when results land in the coming weeks. Joining in on the uranium bull run, Connected Minerals (ASX:CML) jumped 45% on release of its quarterly report, which included some promising uranium exploration results within the company's Namibian assets. Trench sampling at the Etango North-East prospect generated results of up to 46m at 506 ppm uranium, with grades peaking at 1m at 5,413 ppm U3O8. InteliCare (ASX:ICR) is teaming up with Mecwacare to trial its smart care tech at the Trescowthick Centre in Prahran, Victoria. Mecwacare is a major aged care player in Victoria, and InteliCare's AI-powered platform is part of its push to become a tech-savvy leader in aged and disability care. The trial will run for three months once the system's fully set up, and if it goes well, Mecwacare could look to expand it across all 22 of its aged care homes. The deal's worth $212k for now. ASX SMALL CAP LAGGARDS Today's worse performing small cap stocks: Code Name Price % Change Volume Market Cap HCF H&G High Conviction 0.055 -84% 427504 $6,792,267 SMX Strata Minerals 0.017 -43% 12258716 $7,324,455 IVT Inventis Limited 0.016 -33% 51875 $1,834,185 PAB Patrys Limited 0.002 -33% 4061410 $6,172,342 REY REY Resources Ltd 0.027 -29% 12682 $8,039,314 TON Triton Min Ltd 0.005 -29% 25388 $10,978,721 AKN Auking Mining Ltd 0.006 -25% 1411746 $4,598,230 AUK Aumake Limited 0.003 -25% 166666 $12,042,769 SFG Seafarms Group Ltd 0.0015 -25% 254852 $9,673,198 3PL 3P Learning Ltd 0.6 -21% 14325 $207,408,957 ALM Alma Metals Ltd 0.004 -20% 503110 $7,931,727 AVE Avecho Biotech Ltd 0.004 -20% 1730579 $15,867,318 BYH Bryah Resources Ltd 0.004 -20% 2810980 $4,349,768 MEG Megado Minerals Ltd 0.008 -20% 835592 $4,196,833 RLL Rapid Lithium Ltd 0.002 -20% 46640 $3,112,362 PUA Peak Minerals Ltd 0.009 -18% 14258456 $30,880,534 PNN Power Minerals Ltd 0.059 -18% 2175314 $8,197,551 EMN Euromanganese 0.205 -18% 45937 $10,247,906 PGH Pact Group Hldgs Ltd 0.9 -18% 210275 $376,997,608 MNC Merino and Co 0.12 -17% 170932 $7,696,103 1AI Algorae Pharma 0.005 -17% 2150156 $10,124,368 AZL Arizona Lithium Ltd 0.005 -17% 4252772 $27,370,887 BLZ Blaze Minerals Ltd 0.0025 -17% 2405674 $4,700,843 TMX Terrain Minerals 0.0025 -17% 385342 $6,010,670 BTE Botalaenergyltd 0.055 -17% 20000 $16,510,297 IN CASE YOU MISSED IT A listing to the OTCQB has unlocked access to US investors and global market traders for White Cliff Minerals (ASX:WCN), which has been approved to trade under the ticker WCMLF as of yesterday. The company says the listing will enhance accessibility for US investors, and increase liquidity and market visibility. Anson Resources (ASX:ASN) is preparing to re-enter the Mt Fuel-Skyline Geyser 1-25 well after submitting a proposal to the local authorities, with plans to use the results from the Bosydaba#1 well to prove-up a JORC mineral resource at the Green River project. Following-up on broad intersections of gold including 35.76m at 2.14 g/t gold from 14.27m of depth, Arika Resources (ASX:ARI) is set to begin a 6,000m RC drilling program to test extensions and investigate new prospects at the Yundamindra gold project in WA. Trading Halts Dimerix (ASX:DXB) - licensing agreement Orthocell (ASX:OCC) - new regulatory approval for Remplir Southern Cross Gold (ASX:SXG) - cap raise Kalamazoo Resources (ASX:KZR) - cap raise Alice Queen (ASX:AQX) - cap raise Nanoveu (ASX:NVU) - cap raise Blinklab (ASX:BB1) – cap raise Sparc Technologies (ASX:SPN) - cap raise BluGlass (ASX:BLG) - cap raise Kore Potash (ASX:KP2) - financing proposal DY6 Metals (ASX:DY6) - clarification to an announcement At Stockhead, we tell it like it is. While White Cliff Minerals, Anson Resources and Arika Resources are Stockhead advertisers, they did not sponsor this article.
