January 2024

In a surprise announcement, small explorer Magmatic Resources (ASX:MAG) is revisiting its Myall copper gold prospect in the NSW Central West, near Alkane, Evolution, and Newmont/Newcrest’s significant mines and prospects. The company believes it had initially misinterpreted the results from a 22-hole drilling campaign. Magmatic has previously estimated the prospect to hold 110 million tonnes […]

Once again, the markets told the story on Monday as China and Japan considered monetary policy, with the status quo emerging as the winner. The People’s Bank of China (essentially the Communist Party’s Central Financial Commission) left the one- and five-year loan prime rates unchanged at 3.45% and 4.2%. Meanwhile, in Tokyo, the Bank of

On the day China was expected to lower interest rates, its stock markets plummeted by over 2%, surprising analysts who had not anticipated such a move from the People’s Bank of China (PBoC) after it had left another key indicator unchanged the previous week. The PBoC (technically the Communist Party’s Central Financial Commission) decided to

Cobre (ASX:CBE) has been selected to participate in the 2024 BHP Xplor cohort. This means that BHP (ASX:BHP) will provide Cobre with US$500,000 in non-dilutive funding to support and accelerate its exploration plans during the Xplor Program period. The Xplor Program provides participants not only with funding, but also with full access to BHP’s deep

The Australian sharemarket opened slightly higher, following a modest rally on Wall Street, which saw the S&P 500 reach a new high. The S&P/ASX 200 index is currently up by 0.59% at 7,520.90, reflecting a similar trend in US stocks, with the S&P 500 closing up 0.2% and the Nasdaq 100 up 0.3% overnight. The

US stocks rose overnight as investors built on the previous session’s historic move to record highs. The Dow Jones Industrial Average climbed 138.01 points, or 0.36 per cent, to finish at 38,001.81. Monday’s gains pushed the blue-chip average to a new record and above the 38,000 level for the first time. The S&P 500 added

Cashed-up African gold miner, Perseus (ASX:PRU), has disrupted the already tumultuous takeover bid for OreCorp by Canada’s Silvercorp Metals with a full cash offer of 55 cents per share. While it represents just a 4% premium to Silvercorp’s cash and share bid, Perseus’ transaction appears likely to succeed unless the Canadian company can secure sufficient

ABx Group (ASX:ABX) has announced high-grade results emerging from the first drilling campaign at the Wind Break deposit. Located just 15 kilometers northeast of the massive Deep Leads-Rubble Mound rare earths resource, this discovery marks a pivotal moment in ABx’s exploration endeavors, further solidifying their presence in northern Tasmania’s vast exploration target area, spanning over

At the closing bell, the S&P/ASX 200 was 0.75 per cent higher at 7,476.60. The Australian sharemarket saw gains driven by a US rally, with tech and financial stocks leading the way. Buy now, pay later company Zip surged 16.5% after announcing a return to semi-annual profitability. Big banks like ANZ and Commonwealth Bank also

Lynas (ASX:LYC), a rare earths group, saw its shares under pressure on Monday after revealing a 40% year-on-year decline in rare earths production in the December quarter. The miner reported a production of 901 tonnes of neodymium and praseodymium (NdPr), down from 1,508 tonnes in Q2 FY 2023. Total rare earth oxide (REO) production during