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6^th Oct 07:18 PM AEDT

Here’s why Peel Mining (ASX:PEX) was on investors’ radar today

ASX-listed exploration company Peel Mining Limited (ASX:PEX) shared updates on its recently obtained positive metallurgical and ore-sorting test work undertaken on representative mineralised samples from the Wirlong and Mallee Bull deposits within the South Cobar Project.

Key highlights:

PEX shared that the Wirlong returns further outstanding metallurgical results from early testwork.
Locked cycle flotation yielded 95% copper recoveries to 32% copper concentrate grade
Excellent ore-sorting results at Wirlong and Mallee Bull highlight the pre-concentration potential.
PEX mentioned that Wirlong has achieved high waste rejection of 35% to 62% with low copper losses of <6%.
Mallee Bull achieved high waste rejection of 17% to 41% with low copper losses <8%.

Meanwhile, on the ASX, the PEX stock closed at AU$0.240 per share today.

6^th Oct 06:57 PM AEDT

ASX-listed NAE starts Lammerlaw NZ Fieldwork

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The ASX-listed energy sector company New Age Exploration Limited (ASX:NAE) shared that its technical team at Verum Group has begun working on its New Zealand project for the 2021/2022 summer season. In addition, NAE informed that eight other ridge and spur soil lines are planned along electromagnetic lineaments in October that were identified in April 2020 within the Lammerlaw Gold Project.

Key highlights:

NAE has begun to work on the New Zealand 2021/2022 summer field season at the Lammerlaw Gold Project in the Otago Goldfields.
NAE has shared that it will continue to the ridge and spur soil sampling along the northern EM lineaments at Lammerlaw.
NAE has mentioned that sampling along the southern EM lineaments would test new targets and commence as part of the ridge and spur sampling programme.
NAE has also secured land access to complete trenching at the OPQ. Gold Project later in Q4 2021.

Meanwhile, on the ASX, the NAE stock closed at AU$0.011 per share today.

6^th Oct 06:57 PM AEDT

DigitalX (ASX:DCC) starts trading on US OTCQB Market, closes high on ASX

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The ASX-listed software and service company DigitalX Limited (ASX:DCC) announced that it has upgraded from trading on the Pink Market to the OTCQB market in the United States.

Followed by completing the successful capital raising of AU$A8.8 million in March 2021 from US sophisticated investors, DCC has been investigating its dual listing strategy in the US.

Upgrading to the OTCQB offers DigitalX the opportunity to build further visibility, expand liquidity and diversify its shareholder base in the US, showing a deep understanding of blockchain and blockchain-related companies.

Meanwhile, on the ASX, the DCC stock closed, trading 14.705% higher at AU$0.078 per share today.

6^th Oct 06:33 PM AEDT

TerraCom (ASX:TER) reports record sales for September 2021

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The ASX-listed energy sector company TerraCom Limited (ASX:TER) shared the following operational results for September 2021.

Key highlights:

TER's coal sales remained strong across the Group in September 2021.
The total managed coal sales for September 2021 was 808kt.
TER's year to date annualised managed coal sales total was 9.9Mt per annum.

Meanwhile, on the ASX, the TER stock closed trading at AU$0.165 per share today.

6^th Oct 04:22 PM AEDT

6^th Oct 02:57 PM AEDT

Why is the Lumos (ASX:LDX) stock trending today?

The ASX-listed healthcare company Lumos Diagnostics (ASX:LDX) announced that the Journal of Health Economics and Outcomes Research (JHEOR) had published results of a study concluding that using FebriDx to guide antibiotic treatment for patients presenting with acute respiratory infections (ARIs) could potentially result in up to AU$2.5 billion of annual cost saving for the U.S. healthcare system.

Key highlights:

Over half the prescriptions issued during 150 million outpatient visits for acute respiratory infections (ARIs) each year in the U.S. are considered medically unnecessary.
Antibiotic-related adverse events are responsible for 16% of all outpatient negative drug consultations.
Outpatient visits accounted for the majority of the US$8.8 billion antibiotic-related expenditure in the U.S. in 2015.
FebriDx-guided ARI diagnosis could potentially reduce levels of unnecessary antibiotic prescribing and the healthcare costs associated with antibiotic-related adverse events.

Meanwhile, on the ASX, the LDX stock was spotted trading 4.597% higher at AU$0.910 per share at 12:48 PM AEDT.

6^th Oct 02:21 PM AEDT

Metalicity (ASX:MCT) confirms to begin diamond drilling at Kookynie

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The ASX-listed project exploration and development company Metalicity Limited (ASX:MCT) announced that the Company had finalised the RC drilling component at the McTavish, Leipold and Champion prospects Kookynie Gold Project, located 50km to the south of WA Goldfields town of Leonora.

Key highlights:

MCT has shared that diamond drilling at the Kookynie Gold Project is scheduled to begin later this week or early next week.
The Reverse Circulation (RC) drilling component of the programme is now complete, with results expected by November.
A total of 18 holes have been drilled for 1,408 m of RC, with approximately seven diamond core holes to be finalised for circa 650 m—RC drilling to recommence after a short break.
The MRE depends on core density measurements, which will be available after the core drilling.

Meanwhile, on the ASX, the MCT stock was spotted trading at AU$0.010 per share at 12:15 PM AEST.

6^th Oct 02:21 PM AEDT

Galena (ASX:G1A) commences underground mining at the Abra project

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The ASX-listed mining company Galena Mining Limited (ASX:G1A) announced that mining of the underground decline has begun at its Abra Base Metals Project.

Galena has shared that Byrnecut Australia Pty Ltd is the mining contractor for Abra and has initiated operations for the underground decline on Tuesday 5 October 2021, followed by the deployment of people and equipment to the mine site and completion of final box-cut preparation works and services installation.

Galena’s primary decline works are expected to continue for approximately 14-months to gain access to the orebody. With their commencement on time, the Abra Base Metals Project remains on track for its first commercial ore production at the start of 2023.

Meanwhile, on the ASX, the G1A stock was spotted trading 2.5% higher at AU$0.205 per share at 11:30 AM AEST.

6^th Oct 02:16 PM AEDT

6^th Oct 02:14 PM AEDT

Why is Think Childcare Group (ASX:TNK) in news today

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The ASX-listed child care service provider Think Childcare Group (ASX:TNK) announced that the Federal Court of Australia had made orders today approving the TNK Scheme and the TND Scheme, as stated in the Explanatory Booklet dated 19 August 2021.

TNK has shared that an office copy of the Court's orders is expected to be lodged with the Australian Securities and Investments Commission on Thursday, 7 October 2021. At that time, the TNK Scheme and the TND Scheme will become legally effective. Until then, Think Group securities will be suspended effective from the close of trading on ASX on Thursday, 7 October 2021.

Meanwhile, on the ASX, the TNK stock was spotted trading a tad higher at AU$3.200 per share at 12:36 PM AEST.

6^th Oct 02:13 PM AEDT

Koonenberry (ASX:KNB) identifies more than one potential Lucky Sevens prospects

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The ASX-listed gold exploration company Koonenberry Gold Limited (ASX:KNB) announced that it has identified the potential for multiple prospects, similar to its flagship Lucky Sevens target where historical drilling intersected 5m @ 25.1 g/t gold hosted within a quartz reef from the surface.

Key highlights:

KNB has shared that the review of Lucky Sevens prospect highlights were possible repetitions, including targets buried under Cretaceous cover, which have never been investigated.
KNB has also reported the possibility of multiple lines of lode, highlighting similarities with the Victorian Goldfields.

Meanwhile, on the ASX, the KNB stock was spotted trading at AU$0.140 per share at 12:21 PM AEST.

6^th Oct 02:06 PM AEDT

6^th Oct 02:02 PM AEDT

Miners made commitments to attain neutrality by 2050

The International Council on Mining and Metals (ICMM) said on Tuesday that the top miners of the world are committed to the goal of limiting direct and indirect emissions by 2050 or earlier.

Mine site

Mine site | Source: © Alfotokunst | Megapixl.com

Many leading miners across the globe including Rio Tinto, BHP, Anglo American, FMG, etc are under pressure from the environmentalists and shareholders related to environmental emissions and they have already made commitments to attain neutrality by 2050 in direct and indirect emissions.

The technology to produce carbon emission-free production of steel is not yet been proven. However, the council aims to put a cap on emissions of iron ore and steel processing plants by 2023 or soon.

6^th Oct 01:54 PM AEDT

Oil hits multi-year highs on OPEC’s plan to gradually increase output

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The prices of Brent Crude oil benchmark surged to three-year highs while the US crude hits seven-year highs on Tuesday after OPEC and its allies decided to stick to their initial plan of gradually increasing the production. December delivery Brent Crude oil futures last traded at US$82.73 per barrel up 0.02%, whereas November delivery WTI crude oil futures traded 0.19% up at US$79.08 per barrel as of 06 October 2021 at 11:47 AM AEDT.

The Organization of the Petroleum Exporting Countries (OPEC) along with its allies together known as OPEC+ agreed on Monday to adhere to their original strategy planned in July to boost the output by 400,000 bpd per month till April 2022 to phase out the existing production cuts of 5.8 million bpd.

Oil prices have already gained more than 50% in 2021, adding to inflationary pressure that countries like the US and India are concerned that skyrocketing prices will derail their recovery from pandemics.

Adding to that record-high prices of gasoline have also encouraged various power plants and industries to use crude oil in place of gasoline, putting pressure on the demand side and fuelling prices.

6^th Oct 01:53 PM AEDT

Fisher & Paykel (ASX:FPH) announces launch of its full-face mask for sleep apnea

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ASX-listed Fisher & Paykel Healthcare Corporation Limited (ASX:FPH), on Wednesday, announced the launch of its latest compact full-face mask for the treatment of obstructive sleep apnea (OSA) - F&P Evora™ Full.

The Company which designs, manufactures and markets products for use in respiratory care stated that Evora Full is a minimal-contact mask designed to allow patients to move and sleep freely without compromising performance.

The announcement revealed that initially this mask will be available in Australia and New Zealand. F&P Evora Full will be launched in other countries after receiving clearances. In addition, the newly launched mask comes in three seal sizes (Extra Small, Small to Medium, and Large) along with two headgear sizes (Standard and Extra Large).

Meanwhile, the stock FPH was seen trading at AU$29.210 per share on ASX at 12:57 PM AEDT.

6^th Oct 01:22 PM AEDT

Race (ASX:RAC) secures fifth US patent for its cancer drug, Zantrene®

6^th Oct 01:21 PM AEDT

6^th Oct 01:18 PM AEDT

Here is why EMVision (ASX:EMV) is in news today

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The ASX-listed medical device developer EMVision Medical Devices Limited (ASX:EMV) shared an update stating its application for Breakthrough Device Designation (BDD) from the U.S. Food and Drug Administration (FDA).

EMV mentioned that the FDA BDD is a discretionary program that offers priority review and interactive communication across the device development and validation path.

EMV further shared that the feedback received on the application is that the preliminary evidence supports the potential of the technology to differentiate and localize haemorrhagic and ischemic stroke. However, the FDA requires additional clinical study data, which EMV will generate through further clinical development.

EMVision has also informed that it has not been granted BDD at this time. However, the Company anticipates pursuing BDD further once the required clinical data is available.

Meanwhile, on the ASX, the EMV stock was spotted trading 4.561% lower at AU$2.930 per share at 12:30 PM AEST.

6^th Oct 12:23 PM AEDT

Butn (ASX:BTN) partners with Agentbox, trades higher on ASX

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Australian Company providing instant finance and cashflow solutions for businesses, Butn Limited (ASX:BTN) announced a partnership with Reapit Agentbox Trading Pty Ltd (Agentbox) on Wednesday.

Reapit Agentbox is one of Australia’s leading real estate customer relationship management (CRM) and property management software solution providers.

In the announcement, the Company stated that Butn has integrated its ButnNow product directly within Agentbox’s online platform to provide real estate agents with early access to commissions, following a one-time online registration process based on a fixed fee per transaction model.

The ButnNow product will be rolled out to Agentbox users, which comprises more than 2,000 offices Australia wide, in a phased manner over the next 6 months.

The stock BTN was spotted trading 2.941% higher on ASX at AU$0.350 per share at 12:12 PM AEDT.

6^th Oct 12:16 PM AEDT

ASX 200 sheds opening gains; energy stocks rally amid surging oil prices

The Australian share market opened on a higher note on Wednesday. During the opening session, the benchmark index was trading 0.3% up at 7,274. Today’s positive mood of the market has been materialised from the global rally on Tuesday.

The Australian and New Zealand dollars ended in red on Tuesday amid concerns over higher oil prices, a possible economic slowdown in China and a broad sell off in equity markets. The Aussie dollar traded 0.32% lower at $0.7265, as the Reserve Bank of Australia (RBA) kept rates at 0.1%.

Talking about the market breadth, since morning, sentiments are weighed towards a positive side. By mid-day, 8 out of the 11 sectors were trading in green, with the Healthcare sector leading the most with a 1.06% gain, buoyed by CSL Limited’s (ASX:CSL) 2.1% gain to AU$292.73. Industrial space is the second gaining sector so far, increasing 0.9%.

The top ASX 200 gainers after half of the session were Eagers automotive Limited (ASX:APE) and Janus Henderson Group PLC (ASX:JHG), both gaining 4.98% and 4.64%, respectively. Tech stocks such as Afterpay Limited (ASX:APT) and Xero Limited (ASX:XRO) also surged 4.38% and 3.24% higher, respectively, boosting the sentiments of the IT space.

6^th Oct 11:59 AM AEDT

Barton (ASX:BGD) hits agreement to trial CSIRO’s technology

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The ASX-listed mining exploration company Barton Gold Holdings Limited (ASX:BGD) announced on Wednesday that it has signed collaboration agreements with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) through its 100% owned subsidiary Barton Gold Pty Ltd.

The deal is to trial new and innovative advanced geochemical and machine learning techniques at the Tarcoola Gold Project.

Key highlights:

BGD shared that it would trial next-generation CSIRO exploration technology at Tarcoola Gold Project.
CSIRO’s technology delivers in-field soil sampling analysis, avoiding traditional lab-based delays.
Its benefits include more effective use of resources, a faster rate of discovery, better target validation, and real-time optimisation of live drilling programs.

Meanwhile, on the ASX, the BGD stock was spotted trading 6.250% higher at AU$0.170 per share at 10:24 AM AEST.

6^th Oct 11:59 AM AEDT

Prairie (ASX:PDZ) to acquire 80% interest in Greenland's Arctic Rift Project

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The ASX-listed mining company Prairie Mining Limited (ASX:PDZ) shared that it has entered into an Earn-in Agreement with Greenfields Exploration Ltd. to acquire an interest of up to 80% in the Arctic Rift Copper project in Greenland.

Key highlights:

PDZ reported significant large-scale projects with historical exploration results that indicated an extensive mineral system with the potential to host world-class copper deposits.

PDZ identified the high priority target covering 640 km square with near-term discovery potential having the highest copper grades proximal to a coincident gravity, conductivity and magnetic anomaly in the north-eastern portion of ARC.

Additionally, PDZ would earn 80% in the project:

By spending AU$3,500,000 on the project within three years to make a 51% interest.
By spending an additional AU$3,500,000 on the project within four years to make a further 19% interest.
By spending another AU$3,000,000 on the project within five years to earn an additional 10% interest.

Meanwhile, on the ASX, the PDZ stock was spotted trading 10.344% higher at AU$0.320 per share at 10:09 AM AEST.

6^th Oct 11:42 AM AEDT

Magellan (ASX:MFG) reports net outflow of AU$1,527 million

ASX-listed Australia-based investment management Company Magellan Financial Group Limited (ASX:MFG), on Wednesday, shared an update on the Group’s fund under management as of 30 September 2021.

The Group informed that MFG experienced net outflows of AU$1,527 million (approximately 1.3% of average FUM over the quarter), which comprised of net retail outflows of AU$617 million and net institutional outflows of AU$910 million.

With respect to the net institutional outflows, the Group informed that, AU$1 billion of outflows were the result of three clients rebalancing their portfolios across Global Equities (AU$410 million), Infrastructure Equities (AU$41 million), and Australian Equities (AU$180 million). According to the announcement, the trio were retained, each with mandates of more than AU$2 billion with Magellan on 30 September 2021.

In addition, the Company also reported close to 23% of net retail outflows related to redemptions from Magellan High Conviction Trust (MHHT) following the decision to open the fund as an Active ETF.

The stock MFG was seen trading 3.746% lower at AU$32.640 per share at 11:15 AM AEDT.

6^th Oct 11:16 AM AEDT

Neuren (ASX:NEU) raises A$3.3M from oversubscribed SPP

The ASX-listed healthcare company Neuren Pharmaceuticals (ASX:NEU) announced that it has completed its Share Purchase Plan (SPP) at an issue price of AU$2.05 per share. The raising closed on Friday, 1 October 2021.

NEU has offered the SPP for all shareholders in Australia and New Zealand. Moreover, the Company also provided the opportunity to subscribe for additional shares at the same price as institutional and sophisticated investors in the recent placement.

Which ASX listed stocks are on investors radar today?

NEU shared that it has received applications by eligible shareholders under the SPP totalling approximately AU$3.3 million, whereas the target amount was AU$2 million. Accordingly, the NEU Board has elected to accept the oversubscriptions instead of implementing a scale-back procedure.

Meanwhile, on the ASX, the NEU stock was spotted trading 1.492% higher at AU$2.040 per share at 10:45 AM AEST.

6^th Oct 11:16 AM AEDT

Harvest Technology (ASX:HTG) starts phase 2 for its Opsivity brand

Harvest Technology Group Limited (ASX:HTG), a global network optimiser for remote operations, is set to launch its wholly owned software-as-a-service (SaaS) subsidiary, rebranded; Opsivity, in the US.

The launch of Opsivity is a key milestone for HTG as it marks beginning of Phase 2 of the Company’s three-phase strategic plan. Phase 1 was focused on implementing foundational systems and resources. The launch of Opsivity will provide the platform for executing Phase 2, aiming to deliver significant growth in Annual Recurring Revenue (ARR) and diversification of customer base.

Which ASX listed stocks are on investors radar today?

Harvest’s ground-breaking technology helps to securely streams high-definition, real-time voice, video, and data over ultra-low bandwidths around the world, even if connectivity is congested or contested. Opsivity can even run on a full range of devices like smartphones, tablets, laptops, and wearables.

On ASX, HTG shares were spotted trading at AU$0.355 per share, up 5.970% as of 10:50 AM AEST.

6^th Oct 10:44 AM AEDT

ADI Holdings (ASX:AD1) report record performance, trades strong on ASX

ASX-listed technology Company AD1 Holdings Ltd (ASX:AD1) on Wednesday announced record performance while stating that the subsidiary Art of Mentoring (AoM) recorded revenue in the quarter ending September 2021 that breaks its previous record by 94%.

In an announcement, the Company revealed that during the quarter, AoM secured two new contracts, each valued at over AU$100,000; Department of Defence in Australia and HR.com, based in North America. These, together with strong renewals and upsells, brought the revenue to 2.3 times the same period last year and 94% up on the previous quarter.

According to the announcement, Art of Mentoring has enjoyed enormous growth in global clients in the past 12 months, with four international platform clients signed in just the last quarter.

Which ASX listed stocks are on investors radar today?

Online training subscription sales are also growing at the same rate, with more international clients in the government, corporate and association sectors, added the Company.

The stock AD1 was spotted trading over 11% higher on ASX at AU$0.040per share at 10:44 AM AEST.

6^th Oct 10:43 AM AEDT

Volpara (ASX:VHT) delivers record quarterly growth, adds US$1.2M in Q2FY22

Volpara Health Technologies Limited (ASX:VHT), a global health technology software firm provided a business update for Q2 FY22, ending 30 September 2021. This quarter has delivered the Company’s strongest contract growth to date.

The Company recorded its largest-ever quarterly sales performance, adding US$1.2 million of ARR (Annual Recurring Revenue) and this takes the total ARR to US$20.4 million. This is around 10% higher than the end Q4FY21.

Which ASX listed stocks are on investors radar today?

The Company estimates it now has at least one software product contracted to be used in the breast cancer screening of approximately 34% of US women, equal to approximately 13.4 million women.

Meanwhile, Volpara’s Average Revenue per User (ARPU) was US$2.04 for the quarter, and is now US$1.46 over the entire installed base, up from US$1.42 in Q1FY22.

On 5 October 2021, Volpara informed that it has closed its largest contract to date that will deliver US$2.15 million in revenue over 5 years, representing US$430K in ARR.

Also, the Company has entered into collaboration agreements with lung cancer AI leaders Riverain and RevealDX and a genetics collaboration agreement with Natera recently.

The stock VHT was spotted trading 3.083% higher at AU$1.170 per share at 10:30 AM AEST.

6^th Oct 10:38 AM AEDT

The a2 Milk Company (ASX:A2M) to defend class action

The a2 Milk Company Limited, on 6 October 2021, stated that it will ‘vigourously’ defend the class action filed by Slater and Gordon.

The Company was informed that group proceedings have been filed in The Supreme Court of Victoria, which named a2 Milk as the defendant.

The class action alleges that the Company is engaged in misleading or has showcased a deception conduct in breach of the Corporations Act, and has breached continuous disclosure rules.

Which ASX listed stocks are on investors radar today?

The proceedings will be brought on behalf of shareholders who have interest in shares in the Company on the Australian Securities Exchange (ASX) or NZX Main Board (NZSX) between 19 August 2020 and 9 May 2021.

The Company stated that it has always complied with its disclosure obligations and has denied any liability.

Meanwhile, the stock A2M was spotted trading 2.915% lower at AU$6.330 per share at 10:15 AM AEST.

6^th Oct 10:32 AM AEDT

ASX 200 to rebound after strong Wall Street closing

After falling in the previous session, Australian shares are expected to rebound on Wednesday, with the ASX 200 likely to open the day 49 points or 0.7% higher.

The strong oil prices are likely to drive domestic energy stocks and tech stocks, possibly taking cue from an overnight rally in the Big Tech firms on Wall Street. On Tuesday, the benchmark index fell 0.4% to 7,248.4 points.

Meanwhile, the Australian Prudential Regulation Authority (APRA) on Wednesday increased the minimum interest rate buffer it expects banks to use when assessing the serviceability of home loan applications. APRA has told lenders it expects they will assess new borrowers’ ability to meet their loan repayments at an interest rate that is at least 3 percentage points above the loan product rate. The move was taken to counter the risk due to rising home loans.

The US dollar strengthened, and US and European tech stocks zoomed ahead of US payrolls data on Friday. The data is expected to reveal the US Federal Reserve's next move on bond tapering. Another jump in crude oil futures triggered inflation concerns.

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