Closing Bell: Staples go stupid as ASX200 proves it’s no Dow Jones, but it can be average
Stockhead
by Christian Edwards
6h ago
  Local markets end +0.13% higher in quasi-comeback Consumer Staples soar on bumper Coles news, but offset by everyone else Small Caps led by Audeara on the back of a massive manufacturing sale.   The indignation of Coles has led Consumer Staples to a 2.3% gain on Tuesday, the supermarket literally dragging the benchmark’s corpse into the green light of day. Everyone over here at Stockhead likes a comeback story. This was not that kind of comeback.   At 4.15pm on Tuesday February 26, the S&P/ASX200 closed up 10 points or 0.13% higher to 7,663. ASX200 (XJO) and the Consumer ..read more
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Monsters of Rock: S&P says Indonesia’s grip on the nickel market won’t end in a hurry
Stockhead
by Josh Chiat
6h ago
  S&P Global Ratings says Indonesia’s nickel dominance is here to stay But a private equity firm which punted $45m on an Aussie exploration project in 2022 remains bullish after increasing its resource by 75%   Nickel is a minor commodity when it comes to the grand scheme of things — playing a smaller role in new energy technology than lithium, dwarfed for scale by bulks like coal and iron ore and lacking in the volume of players exploring for gold. But it has become a symbol of the latest step in the trade war set against the backdrop of decarbonisation playing out between Chi ..read more
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ASX Large Caps: Coles takes lead as iron ore miners struggle; Bitcoin nears US$56k
Stockhead
by Eddy Sunarto
6h ago
ASX closed flat, as Coles-led Staples sector gained Iron ore stocks under pressure as iron ore futures continue to fall Bitcoin now nearly at US$56k   The ASX 200 closed +0.13% higher on Tuesday, as gains in Consumer Staples were offset by losses in Utilities and Real Estate sectors. Local traders were cautious as stock markets in Europe slipped overnight ahead of a barrage of inflation date to be released in the coming days. Traders are also anxiously awaiting speeches from at least eight US Fed members this week. On the ASX, the Consumer Staples sector was led by the +6% gain in ..read more
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Galan Lithium completes Pond 1 earthworks, moves closer to the summit of first production in Argentina
Stockhead
by Special Report
7h ago
Pond 1 earthworks have wrapped up at the Hombre Muerto West lithium brine project in Argentina Filling of the remainder of Pond 1 currently under way Pond 2 earthworks already 65% complete   Special Report: With Pond 1 earthworks and liner installation now complete, Galan Lithium is moving ahead with evaporation activities which represent the first step in the company’s long-term production schedule. Galan Lithium (ASX:GLN) continues to make steady progress in advancing the Hombre Muerto West (HMW) Phase 1 lithium brine project in Argentina, with a premium lithium chloride production ex ..read more
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Ionic Rare Earths increases Makuutu’s exploration target by 40pc ahead of resource update
Stockhead
by Special Report
7h ago
Increased exploration target to be factored into planned update of current 532Mt resource over Makuutu Terms agreed with RRM to increase Ionic Rare Earths’ ownership of project to 94% in the coming months Located in Uganda, Makuutu is one of the largest and advanced undeveloped ionic REE projects in the world   Special Report: RAB drilling across Ionic Rare Earths’ Makuutu tenements has increased the exploration target by a whopping 40% to between 285-766Mt @ 400-700ppm total rare earth oxides (TREO). Ionic Rare Earths’ (ASX:IXR) Makuutu project in Uganda is one of the world’s most adva ..read more
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Impact Minerals says cheers to new metallurgical process that could lower HPA production costs at Lake Hope
Stockhead
by Special Report
7h ago
Impact Minerals flags new HPA production process which could reduce capital and operating costs for its Lake Hope project The new LTL Process has no need for sulphuric acid roasting, reducing the number of steps from five to four Process now undergoing further optimisation to increase recoveries and lower contaminants   Special Report: Impact Minerals has identified a new proprietary metallurgical process that could make it cheaper to produce high purity alumina (HPA) from its Lake Hope project in Western Australia. The proprietary and patented Playa One Sulphate Process, which underpin ..read more
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More high-grade intersections prove Burmeister is a lithium spodumene treasure for TG Metals
Stockhead
by Special Report
8h ago
TG Metals delivers more high-grade lithium intersections at Burmeister Hits of up to 23.5m @ 1.52% Li2O confirm Burmeister as a significant high grade spodumene lithium discovery Drilling provides evidence that thicker mineralised intersections are continuous up-dip of the original discovery   Special Report: TG Metals continues to deliver success at the Burmeister lithium prospect with initial assays from its 2024 drilling returning more high-grade lithium intersections of up to 23.5m @ 1.52% Li2O. This follows last year’s drilling program which returned multiple high-grade intersectio ..read more
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ASX Small Cap Lunch Wrap: Awful iron ore and earnings avalanche pin ASX to the ordinary
Stockhead
by Christian Edwards
8h ago
Local markets are overcast with a chance of heavy rain this arvo after a 25 US cent slide in New York overnight for mega-miner BHP drags like an albatross around the neck of the local index. At lunchtime in Sydney the ASX200 was down by about 11 points or 0.15% to 7,641.70 Via Google The ASX is tracking Wall Street as investors await key inflation data later this week for direction after the S&P 500 edged lower on Monday. The broader market index retreated from its latest record struck on Friday with US Treasuries on the ascendant. But, if equity markets look overbought, FFS, don’t tell an ..read more
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Resources Top 5: The critical minerals hopeful that hasn’t slowed down
Stockhead
by Josh Chiat
8h ago
5E Advanced Materials surges as it confirms a Q2 start for a new boron and lithium project in California TG Metals back in the good books as more high grade hits revive Lake Johnston lithium narrative OD6 lauds metallurgical test work on Splinter Rock REE project   5E Advanced Materials (ASX:5EA) It’s been a torrid time for the so-called critical minerals, which fell prey to the psychosis brought on by boom time conditions a couple of years ago as every man and their dog tried to bring a mine online. That saw Indonesia, with China’s help, dramatically ramp up production from its bountif ..read more
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Resource upside clear at Cork Tree Well as Brightstar Resources spots more high-grade gold
Stockhead
by Special Report
10h ago
Metallurgical diamond holes return top shelf intersection of 27.6m @ 17.8g/t gold Results confirm mineralisation at Cork Tree Well is structurally-hosted Assays pending for remaining diamond holes   Special Report: Brightstar Resources’ Cork Tree Well deposit within its Laverton gold project in WA is looking like an absolute dish after returning a spectacular 27.6m @ 17.8g/t gold intersection in the final two holes of its diamond drill program. Adding to the company’s bragging rights, bonanza grades of up to 1,028.37g/t gold were also recorded. Cork Tree Well currently has an open pitta ..read more
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