Eclipse’s Mojave is a rare earths motherlode
Eclipse Metals has unveiled a 70x upgrade to resources at its Grønnedal deposit in Greenland to 89Mt at 6363ppm TREO.
Stockhead
ASX up, IDP sinks 40pc, Eclipse soars
The ASX opened strong as energy stocks rode an oil surge and gold jumped on fear. Wage hikes are also finally outpacing inflation.
Recce completes $15.8m raise for phase III trials
Recce receives firm commitments to place the full shortfall from its entitlement offer raising a total of $15.8 million to support phase III clinical trials.
LU7 targets spodumene supply deal
Lithium Universe is pursuing a non-binding MoU to cover full annual SC6 spodumene supply of 140,000 tonnes for its Bécancour lithium refinery in Canada.
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Resources Top 50: These ASX stocks were saw the biggest gains in May
Dateline’s outrageous Trump-inspired 978% gain scored it top spot on the May leaderboard for resources stocks, with RMI and Locksley close behind.
LM1 starts gold drilling blitz at Marda
Leeuwin Metals has started phase 2 drilling at its Marda gold project to follow-up on high-grade gold intersected in the phase 1 program.
Zagga steps up to address housing crisis
Real estate private credit specialist Zagga is filling the financing gap in Australia’s housing crisis, investing in essential projects unfulfilled by banks and government.
Trenches boost PEC drilling confidence
Sampling at Perpetual Resources’ Igrejinha lithium project has uncovered more mineralisation ahead of RC drilling starting on June 5.
Vitrafy aims to heat up, even as it chills
Time is of the essence for cryopreserver Vitrafy, which seemingly faces stiff competition. Potential for cooperation in the niche sub-sector is strong, however.
The ASX rallied in May, Dateline surged
Australia’s S&P/ASX 200 rallied 4.20% in May along with global markets as US-tariff tensions eased, while Dateline Resources soared 978%.
ASX falls as oil prices undercut Energy sector
The ASX slipped 0.24pc as falling oil prices hit Energy and Utilities sectors, while a lift in gold offered some small relief.
WiseTech’s $2bn play
Global shipping is going digital, and Aussie tech stocks like WiseTech and Yojee are wiring up the future of freight.
Opthea reports from the ‘dead zone’ but the line’s crackly
Stricken drug developers Opthea and Patrys have reported in from biotech’s ‘death zone’, where they’re running low on oxygen.
Firetail lifts its exposure to gold
Firetail Resources has increased its gold exposure through an option to acquire two high-grade projects in tier-1 jurisdictions in the US.
Original URL: https://www.themercury.com.au/business/stockhead/page/3