S&P/ASX 200 fell 2.94% in April as all Australian equity indexes fell except Emerging Companies Utilities and Materials the only ASX sectors in positive territory for April, up 4.77% and 0.61% respectively Rincon Resources  tops the winners chart in April as news of its uncovering of a ‘bullseye’ target excite investors After a five-month winning streak Australia’s S&P/ASX 200 closed April down 2.94% with large-cap companies continuing to lag and only emerging companies in the black with a 2.76% gain. Looking at key economic points released in April and Australia’s inflation cam ..read more

  Gold and copper lead the winners in a massive month for commodities Bulks and battery metals also get in on the act, with only cobalt and graphite down amongst our tracked metals Lithium and rare earths bounce of lows in month of recovery   WINNERS   Gold Price: US$2307/oz % Change: +4.18% Gold, gold, gold for the ASX. Appropriately for an Olympic year gold prices are running near record highs (this will not in and of itself make an Olympic Gold substantially more valuable, those are gilded). In fact as many as 8 record highs have been recorded this year as bullion has run a ..read more

Stockhead’s ‘Garimpeiro’ columnist Barry FitzGerald is back in the studio for another instalment of The Explorers Podcast. In this episode Barry chats to David Riekie, executive director at Adavale Resources (ASX:ADD). The company’s Lake Surprise burgeoning uranium portfolio sits in Australia’s most prospective region for uranium in South Australia, with initial exploration underway at the Mundowdna South tenement. It’s simultaneously tending to its Kabanga Jirani and Luhuma nickel projects in Tanzania, with fieldwork expected to recommence in the June quarter. Tune in below! On mobile?  ..read more

Up to $435,000 in government co-funding awarded as part of EIS scheme Funds to be used for upcoming diamond drilling and electromagnetic surveys Dante is surrounded by major critical minerals deposits in the West Musgrave region   Special Report: Terra Metals has been awarded up to $435,000 in government co-funding grants for diamond drilling and electromagnetic surveying of its highly prospective Dante copper-gold-nickel-PGE project in WA’s West Musgrave region. The Musgrave block, a region covering 140,000km2 in central Australia, is at the junction of three major crustal elements: th ..read more

World Gold Council says first quarter gold demand rose 3% YoY with mine production hitting a first quarter record Demand from central banks and investors in the East could provide a platform to sustain an epic 2024 gold rally Nickel Industries, IGO, Metals Acquisition, Sandfire and more report March production   The World Gold Council (WGC) is confident gold’s price environment will remain strong after the yellow metal stunned with as many as 8 record highs through the first quarter and a bit of 2024. Bullion was fetching US$2333/oz (~A$3550/oz) overnight as the WGC said strong demand i ..read more

High priority targets selected from the current inventory of 24 are being tested as part of Western Yilgarn’s ongoing Phase 4 auger drilling at Ida Holmes Junction Exploration underway at new tenements of farm-in deal with Fleet Street Holdings Pending assay results aim to delineate AC/RC drill targets   Special Report: Interim assay results are pending from the Phase 4 auger geochemistry drilling campaign underway across several of 24 prospective targets at Western Yilgarn’s Ida Holmes Junction project in WA. Highly prospective for copper, nickel, platinum group elements, and LCT pegma ..read more

  Japanese conglomerates ramp up investment in WA nickel laterite just as Ravensthorpe operations shuts down (again) Lithium hopefuls LTR and LLL hit 80%+ completion rates on major 2024 spodumene projects Boss up 8% on quarterly with Alta Mesa to join Honeymoon in uranium production by May   There have been few places sadder than WA nickel in 2024, with even 80,000tpa Nickel West under review by mining giant BHP (ASX:BHP). It may have even more capacity to wave the underperforming asset goodbye with a potential merger with Anglo American — targeted for its copper and met coal — on ..read more

New gold, copper and nickel anomalies have been identified in a recently completed soil sampling program at Lady Grey project in WA A >2km long gold anomaly has been uncovered with a peak result of 256ppb gold Work programs and approvals are being fast tracked ahead of drilling   Special report: A recent tenement-wide soil sampling program has turned up multiple gold, copper and nickel anomalies at Lady Grey, paving the way for diversification and untapped multi-metal discoveries. Lanthanein Resources’ (ASX:LNR) Lady Grey project near Southern Cross in WA’s Forrestania greenstone bel ..read more

KEY POINTS: Western Mines (ASX:WMG) drills into +42% nickel veinlets indicating ‘possible source at depth’ NewPeak (ASX:NPM) completes a $300,000 share placement to Gerhard Redelinghuys, founder of Bowen Coking Coal (ASX:BCB) Brazil focused OzAurum (ASX:OZM) is drilling below weathered 1m-long spodumene crystals into fresh stuff, and results are pending Here are the biggest small cap resources winners in morning trade, Wednesday, April 24.   WESTERN MINES GROUP (ASX:WMG) Western Mines (ASX:WMG) says a ~750m (and counting) deep drill hole hit ~700m of rock containing “disseminated nickel ..read more

Stockhead’s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.   WINNERS Stocks highlighted in yellow made market-moving announcements (click headings to sort). Security Description Last % Volume MktCap CT1 Constellation Tech 0.002 100% 77,945 $1 ..read more