Highlights
Energy stocks strengthen ASX with significant upward movement
Uranium and iron ore companies display broad early momentum
Clinical and tech sector updates drive Amplia and archTIS gains
Energy stocks on the ASX 200 have displayed robust performance during early market activity. The sector received support from global oil price trends, which aligned with increased trading activity for companies like Santos (ASX:STO). Listed on the ASX 100 and All Ordinaries, Santos observed market attention following an announcement of a proposal by a consortium led by the Abu Dhabi National Oil Company. The activity in this segment contributed to the broader momentum seen on the ASX 200.
Uranium Stocks Advance in Early Trade
Uranium-focused companies, including Deep Yellow (ASX:DYL), Paladin Energy (ASX:PDN), Boss Energy (ASX:BOE), and Bannerman Energy (ASX:BMN), showed notable early movement. All are part of the ASX 300 and All Ordinaries, contributing to the gains observed in the broader market. Their performance reflects activity across energy-related listings and increased attention to the uranium supply outlook.
Iron Ore Progress Lifts Tempest Minerals
Tempest Minerals (ASX:TEM), listed on the All Ordinaries, provided an update related to iron ore exploration at its Yalgoo project. The company reported findings from metallurgical test work on the Remorse deposit. These developments led to early morning movement in its share activity, aligning with market interest in high-grade iron resources within exploration projects.
Amplia Therapeutics Posts Clinical Development Update
Amplia Therapeutics (ASX:ATX), part of the ASX 300, shared a positive update from its ACCENT trial targeting pancreatic cancer. The trial included the use of the FAK inhibitor narmafotinib in combination with established chemotherapy treatments. The result indicated a complete pathological response in at least one patient after surgical intervention. The news led to increased focus on the stock during the session.
archTIS Reports U.S. Defense Agreement
Cybersecurity firm archTIS (ASX:AR9), also listed on the All Ordinaries, announced a contract with the U.S. Department of Defense for the initial deployment of its NC Protect software. The agreement supports expansion across additional users and departments. This contract aligns with the firm’s operational focus on secure data protection and collaborative environments for governmental and enterprise clients.
Redcastle Resources Signs MOU for Mining Work
Redcastle Resources (ASX:RC1), operating under the All Ordinaries, announced the signing of a memorandum of understanding with a contract miner. The arrangement involves operational works at the Queen Alexandra and Redcastle Reef projects. The structure allows Redcastle to maintain control of logistics, processing, and gold management while sharing in mining output.
Pacgold Continues Drilling at Alice River
Pacgold (ASX:PGO), part of the ASX 300, provided updates from its Alice River gold project. The company reported additional gold intercepts from reverse circulation drilling. These results further define the mineralised zones within the project and indicate continuity at various drill targets. Pacgold continues to build its profile within the exploration space through ongoing drilling and evaluation.