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Highlights:
The materials and rare earths sector saw renewed attention following news from DY6 Metals (ASX:DY6), which highlighted fresh gallium and rare earth assay results from its Tundulu project in southern Malawi. The company announced a discovery from existing drill data, revealing high-grade gallium zones starting at surface. These findings were concentrated within long intercepts, including some with sharply elevated gallium oxide levels.
The project area, situated near the Mozambique border, remains largely underexplored, with only a portion of the site having undergone drilling to date. DY6 stated the mineralisation continues at depth, indicating room for further exploration. Gallium’s application in semiconductors and electronics, coupled with limited global sources outside China, has placed renewed attention on supply alternatives like this project.
Uranium Activity Boosts Connected Minerals
The energy sector also remained active, with Connected Minerals (ASX:CML) recording movement following release of its quarterly exploration report. The company reported trench sampling from its Namibian holdings, where uranium grades were found in surface and near-surface layers at the Etango North-East prospect.
Market focus turned to uranium stocks amid broader demand narratives tied to energy security and regional resource independence. CML’s results included consistent uranium concentrations, which the company plans to follow up with additional fieldwork and technical reviews.
Biotech Firm InteliCare Expands into Aged Care
Healthcare-related technology received market attention as InteliCare (ASX:ICR) announced a new collaboration with Mecwacare for a pilot deployment of its AI-driven care system. The technology will be trialled at the Trescowthick Centre in Prahran, with implementation scheduled to begin once system integration is complete.
The trial, set to run over several months, is part of a broader move by care providers to integrate smart monitoring systems aimed at improving resident wellbeing and operational efficiency. If successful, the system may be extended across more facilities within Mecwacare’s network.
Commodity and Currency Movements
Base and precious metal prices edged slightly lower across the board. Gold and silver saw minor declines, while iron ore remained stable. Nickel and copper softened, with zinc showing marginal upward movement. Lithium carbonate decreased, continuing its recent trend.
Crude oil benchmarks WTI and Brent both moved lower, coinciding with shifts in supply data and external trade pressures. The Australian dollar slipped against the US dollar, reflecting broader currency market shifts.
Bitcoin traded with modest gains, maintaining a steady position in crypto market sentiment.
Market Activity in Small Caps
Numerous small-cap stocks made significant upward moves, led by DY6 Metals (ASX:DY6) following its gallium announcement. Others included 88 Energy (ASX:88E), Connected Minerals (ASX:CML), and InteliCare (ASX:ICR).
Meanwhile, the lower-performing end of the ASX 200 saw declines among biotechnology, lithium, and minerals stocks such as Patrys (ASX:PAB), Arizona Lithium (ASX:AZL), and Euromanganese (ASX:EMN).
Trading Halts Announced
A series of trading halts were reported due to various corporate activities. These included licensing agreements, capital raisings, and regulatory announcements affecting multiple listed entities. Companies included Dimerix, Orthocell, Southern Cross Gold, and others undergoing financing or announcement clarifications.
Trading volumes and market capitalisation across several small caps showed notable variance, with attention skewed toward resource announcements and early tech collaborations.