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Highlights
- The EBITDA of New Hope Corporation in the quarter ending October 2022 was AU$648.1 million.
- The zero-spin silicon (ZS-Si) project of Silex Systems achieved its target enrichment objectives.
- Askari Metals completed phase I reverse circulation drilling program at the Uis Lithium project.
The commodity market can be very volatile due to several factors. The global trends on the supply-and-demand side have to be monitored in order to observe the changes in commodities. The key trends that decided the prices of commodities in 2022 are COVID-19, Russia’s invasion of Ukraine, climate policies for net zero emissions, population growth, conditions of supply chains, policies of the US Fed, etc.
Let us take a look at some of the strongest-performing ASX-listed commodities of 2022:
Data: ASX as on 6 January 2023
New Hope Corporation Limited (ASX:NHC)
Brisbane-based energy company New Hope Corporation Limited has a very diversified portfolio. The company has been operational for more than 60 years and its operations comprise coal mining, exploration, oil, port operation, agriculture, innovative technologies, and investment. Currently, the company has two open-cut coal mines: New Acland and Bengalla.
New Hope recently launched a liability management exercise on its AU$200 million senior convertible notes. The company is keeping up a disciplined approach towards capital and liability management that is consistent with its 2022 Annual General Meeting Addresses.
The EBITDA of New Hope Corporation in the quarter ending October 2022 was AU$648.1 million, which is 167% higher compared with the corresponding period last year. The Queensland Department of Regional Development, Manufacturing and Water granted an Associated Water License to New Acland Stage 3.
The share price of NHC has fallen by 3.51% in the last five days and gained 4.32% a month. Over the previous six months, the prices have increased by 75.58% and by 162.61% last twelve months.
Silex Systems Limited (ASX:SLX)
Australian technology company Silex Systems intends to commercialize its innovative SILEX laser enrichment technology for applications in silicon enrichment and uranium production. Silex has a flagship uranium project in Paducah, Kentucky, which can potentially produce 5 million pounds of uranium oxide at low cost for nearly 30 years.
Silex recently that the construction of the first full-scale commercial pilot demonstration system for its SILEX uranium enrichment technology is continuing to progress strongly. The first full-scale laser system module was delivered to US-based Global Laser Enrichment. It has been installed in a test loop and is undergoing commissioning.
The zero-spin silicon (ZS-Si) project achieved its target enrichment objectives during extensive Stage 3 testing at the Lucas Heights technology centre. ZS-Si was produced in the form of enriched silicon-28 with a purity of 99.995%.
In the last six months and over the year, the share price of SLX has risen by 36.54% and 175.19% respectively.
Askari Metals Limited (ASX:AS2)
Australia-based exploration and development company Askari Metals has high-grade lithium, copper, and copper-gold projects spread across Australia. The Callawa and Horry projects are copper-exploring projects in Western Australia; the Yarrie and Barrow Creek projects explore lithium; and the Burracoppin project has prospects of gold, nickel, and platinum group elements.
Askari Metals completed its phase I reverse circulation drilling program at the Uis Lithium project in Namibia. The program had 59 drill holes, comprising total drilling of 3,017 m. High-grade spodumene mineralisation was found at the surface. The phase II drilling campaign will commence in February 2023. The assay results of previous samples returned high grades of up to 3.1% lithium oxide, 1.3% tin, 658 ppm tantalum and 4,214 ppm rubidium.
Askari Metals’ share price has increased by 137.50% in the last six months and by 147.83% over the year.
Image: © Nito100 | Megapixl.com
Melbana Energy Limited (ASX:MAY)
The Australia-based ASX-listed company Melbana Energy Limited deals with oil and gas. The company has the Block 9 and Santa Cruz projects in Cuba; Bonaparte Gulf project in Australia, and Tassie Shoal projects, which process raw gas from nearby underdeveloped natural gas fields.
Melbana Energy recently received an all materials permit, regulatory and partner approvals, and funding for drilling two appraisal wells in the Block 9 project in 2023. As per Melbana, the first appraisal well will be drilled from the pad used for Alameda-1.
The company’s share price has displayed positive growth in the past one month, rising by 70.00%. Over the span of 12 months, the share price has surged by 325%.
Warrego Energy Limited (ASX:WGO)
The Australia-based petroleum exploration, development, and production company Warrego Energy Limited has assets in Spain and Australia. The key projects of the company are EP469 and Coolcalalaya in Western Australia and the Tesorillo project in Cadiz, Spain.
Strike Energy Ltd (ASX:STX) recently declared its intention to acquire the total ordinary shares issued in Warrego Energy Ltd that it does not own already. At present, Strike’s interest in Warrego shares is 19.9%.
With this off-market bid, the share price of Warrego hiked by 3.33% in one day. The monthly share prices has risen by 20.97%, and for the duration of one year the price has gone up by 188.46%.
