Kalkine: ASX 200 Edges Up as Energy Leads Gains; Icetana, Krakatoa, Renegade Make Early Moves

June 10, 2025 04:47 PM AEST | By Team Kalkine Media
 Kalkine: ASX 200 Edges Up as Energy Leads Gains; Icetana, Krakatoa, Renegade Make Early Moves
Image source: Shutterstock

Highlights

  • ASX 200 rises in early trade, with energy sector lifting broader market performance

  • Icetana Limited (ASX:ICE) secures strategic AI-focused agreements with SoftBank subsidiaries

  • Krakatoa Resources (ASX:KTA) and Renegade Exploration (ASX:RNX) report fresh developments at gold and antimony projects

The Australian share market opened positively, with the energy sector driving early gains. The broader benchmark, ASX 200, recorded an uplift supported by strength across ten of eleven sectors. The ASX All Tech index saw mild movement, while the ASX 200 Resources and Banks indices also contributed to the upward momentum. By contrast, the ASX All Ords Gold index retreated despite a modest overnight increase in gold prices.

Among the notable performers during early trading were companies in the mineral exploration and technology sectors, including Icetana Limited (ASX:ICE), Krakatoa Resources (ASX:KTA), and Renegade Exploration (ASX:RNX). These updates were coupled with corporate developments from entities such as Dalaroo Metals (ASX:DAL), Kula Gold (ASX:KGD), and Surefire Resources (ASX:SRN).

Icetana Advances with Strategic AI Agreements

Security artificial intelligence company Icetana Limited (ASX:ICE) surged after announcing four new agreements with SoftBank Robotics Group and affiliated entities. The agreements include exclusive distribution rights for the Japanese market and a joint development initiative focused on automation and AI analytics. Additionally, SoftBank’s Singapore arm is expected to acquire a significant minority interest in Icetana, forming a key part of the broader collaboration.

The partnership aims to integrate Icetana’s real-time video analytics with SoftBank’s robotic and security products. The agreements establish a foundation for recurring transactions and a multi-year product development framework involving both companies.

Krakatoa Initiates Drilling at Antimony-Gold Project

Krakatoa Resources (ASX:KTA) announced the initiation of a new drilling program at its Zopkhito antimony-gold project. The campaign is designed to extend known antimony vein structures and further explore surrounding zones that show characteristics of gold-rich mineralisation.

The project, which already holds non-JORC historical estimates for both antimony and gold content, is expected to benefit from the newly interpreted epithermal system indicators. The company aims to deepen geological understanding and assess broader mineral zones within the property.

Renegade Reports Assays from Nevada Project

Renegade Exploration (ASX:RNX) highlighted new gold assay results from its Nevada-based project. The results stem from a review of historical rock chip samples collected along a multi-kilometre strike. The company noted high-grade findings and the presence of epithermal mineralisation signatures across several zones.

The Nevada project continues to be a key exploration focus for the company, with recent fieldwork supporting follow-up initiatives. The sample results were drawn from a review spanning dozens of previously obtained geological specimens.

Additional Morning Movers and Sector Activity

Dalaroo Metals (ASX:DAL) confirmed its plan to acquire an interest in the Bongouanoa gold project in Côte d’Ivoire. The decision follows a positive assessment of historical exploration data indicating notable gold concentrations across various intercepts.

Kula Gold (ASX:KGD) shared updates from the Mt Palmer gold project, citing high-grade intercepts near surface. The mineralisation is reported at shallow depths, indicating the feasibility of future open-pit configurations pending further exploration. Surefire Resources (ASX:SRN) also posted gains in early trade, driven by speculative activity following recent announcements.

Meanwhile, broader market activity remained steady in international indices, with little movement recorded across major global exchanges. The Dow, S&P500, and Nasdaq saw marginal fluctuations, while European markets were subdued due to public holidays.

Domestically, strength in energy names and select explorers contributed to the early advance on the Australian bourse. The gains were partially offset by weakness in the gold segment, though overall market sentiment was firm as trading progressed.


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