News
Banking Sector Experiences Further Decline as Market Retreats from Steady Opening
February 19, 2025 04:31 PM AEDT| By Team Kalkine MediaHighlights,ASX200 fell 0.42%,, closing at 8,445 points.,Mineral Resources dropped 11.11%,after reporting an $800M loss.,Light & Wonder surged 9.9%,following an $850M acquisition.,The stock market, a critical component of the global economy, serves as...
Surefire Resources (ASX:SRN) Reports High-Grade Magnetite Concentrate at Victory Bore Project
February 19, 2025 03:36 PM AEDT| By Sonal GoyalHighlights,Advanced metallurgical testing on a 700kg bulk sample has resulted in a higher-grade and purer magnetite concentrate.,Vanadium concentrate averaged 1.489% V₂O₅, showing a 14.5% improvement over the PFS and iron grade averaged 61.68% Fe, a...
ASX Market Declines as Banking and Energy Stocks Drag the Index Down
February 19, 2025 03:10 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 dips 0.7% as banking stocks weigh on market sentiment.,National Australia Bank (,ASX:NAB,) leads financial sector losses after earnings disappointment.,Mineral Resources (,ASX:MIN,) tumbles 15.9% following a significant reported lo...
Victoria’s Startup Scene Thrives: LaunchVic’s 30X30 Program Welcomes High-Growth Scaleups
February 19, 2025 02:15 PM AEDT| By Team Kalkine MediaHighlights,LaunchVic’s,30X30 program selects 11 scaleups with potential to achieve unicorn status by 2030.,The program has helped past cohorts raise over $600 million in funding.,Selected companies span industries like healthcare, gaming, cybersecuri...
Australian Wage Growth Slows to Three-Year Low: Impact on Markets and Economic Outlook
February 19, 2025 02:06 PM AEDT| By Team Kalkine MediaHighlights,Australian wage growth slowed to 3.2%, the lowest since 2022.,Both private and public sector wages saw declines in growth rates.,The Reserve Bank of Australia,remains,watchful despite the slowdown.,Australian wages increased at their slowe...
Dicker Data’s (ASX:DDR) 1HFY24 Sees Margin Growth Despite Slight Revenue Decline
February 19, 2025 02:03 PM AEDT| By Team Kalkine MediaHighlights,Statutory revenue of DDR fell 2.1% YoY to AUD 1,084.5 million in 1HFY24 AND EBITDA declined 2.4% YoY to AUD 68.9 million.,Total gross revenue slightly declined by 0.4% YoY to AUD 1,590.1 million in 1HFY24.,FY24 full-year results to be anno...
New Zealand's Central Bank Cuts Rates Significantly to Support Economic Recovery
February 19, 2025 01:26 PM AEDT| By Team Kalkine MediaHighlights,The Reserve Bank of New Zealand (RBNZ) reduces benchmark rate by 50bps to 3.75%.,The central bank signals,additional,rate cuts could be implemented throughout 2025,RBNZ's approach contrasts with more cautious moves by other central banks.,...
Whyalla Steelworks Faces Administration as South Australian Government Takes Action
February 19, 2025 01:19 PM AEDT| By Team Kalkine MediaHighlights,South Australian government steps in to take control of,Whyalla,steelworks.,GFG Alliance plans to sell,Tahmoor,coal mine to raise funds.,Calls for swift action to address financial challenges and unpaid debts.,The South Australian governme...
Managing Director informs investors: WIN Metals possesses a gold resource in Western Australia.
February 19, 2025 12:30 PM AEDT| By Team Kalkine MediaHighlights:,WIN Metals continues to expand its resource portfolio with gold, nickel, and lithium assets.,The company engaged industry participants at the RIU Explorers Conference, outlining its operational strategies.,Market activity reflects interes...
Trump Signals Potential 25% Tariffs on Automobiles, Pharmaceuticals, and Semiconductors
February 19, 2025 12:10 PM AEDT| By Team Kalkine MediaHighlights,U.S. President suggests new 25% tariffs on key industries, announcement expected by April 2.,Potential tariffs could,impact,automakers, chip manufacturers, and pharmaceutical companies.,The move follows,previous,tariffs on steel and alumin...
Metro Mining Charts a Dynamic Course Amid Market Volatility
February 19, 2025 11:33 AM AEDT| By Team Kalkine MediaMetro Mining Charts a Dynamic Course Amid Market Volatility
Iluka's profits decline by one-third due to challenges in the mineral sands market and rising inflation.
February 19, 2025 11:31 AM AEDT| By Team Kalkine MediaHighlights,Iluka Resources Ltd reports a significant drop in profit amid fluctuating market dynamics and inflation.,The company maintains operational discipline despite challenges within the mineral sands business.,Iluka progresses in rare earths div...
Robust Economic Prospects for Green Technology Metals’ Seymour Lithium Project
February 19, 2025 11:00 AM AEDT| By Team Kalkine MediaRobust Economic Prospects for Green Technology Metals’ Seymour Lithium Project
Trek Metals (ASX:TKM) Christmas Creek Project Unveils Robust Gold Potential in Western Australia
February 19, 2025 11:00 AM AEDT| By Team Kalkine MediaTrek Metals (ASX:TKM) Christmas Creek Project Unveils Robust Gold Potential in Western Australia
Lithium and Coal Market Dynamics Navigating Sectoral Transitions
February 19, 2025 11:00 AM AEDT| By Team Kalkine MediaLithium and Coal Market Dynamics Navigating Sectoral Transitions
Brazilian Critical Minerals boosts confidence in the Ema REE resource ahead of the scoping study.
February 19, 2025 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Resource classification at the Ema project has been upgraded, significantly increasing the indicated category.,The updated resource supports long-term project planning and economic evaluations.,A scoping study for the project is expected...
Zenith Minerals' Red Mountain emerging as a potential Mt Wright-style deposit
February 19, 2025 11:00 AM AEDT| By Team Kalkine MediaHighlights,Zenith Minerals' Red Mountain project exhibits characteristics of an intrusion-related gold system, drawing comparisons to the Mt Wright deposit.,A geological review has identified significant mineralization, with breccia-hosted gold and d...
Viking Mines (ASX:VKA) Confirms Gold Zone at Northern Duplex Target, Plans Phase 2 Drilling
February 19, 2025 10:51 AM AEDT| By Sonal GoyalHighlights,Additional assay results from the Northern Duplex target confirm the presence of a steeply dipping gold zone.,Drill hole VKRC0068 returned 17m at 1.1g/t gold from 28m, including notable intercepts of 3.1g/t Au over 2m.,Phase 2 drilling is...
ASX 200 Futures Steady, S&P 500 Hits Record Close as Earnings Season Unfolds
February 19, 2025 10:49 AM AEDT| By Team Kalkine MediaHighlights:,S&P 500 Records a New High,– The index closed at a record level following a late-session rally, with resource and value stocks leading the gains.,Investor Sentiment Reaches Multi-Year Highs,– Bank of America's Global Fund Manager Survey r...
"Overly Confident": Careful Bullock Skeptical of RBA Implementing Numerous 25 Basis Point Cuts
February 19, 2025 10:30 AM AEDT| By Team Kalkine MediaHighlights,RBA Cuts Rates,– A 0.25 basis point reduction after 13 months of stability.,Cautious Approach,– Future cuts depend on economic data.,Market Response,– Banks adjust, speculation rises.,The financial sector constantly watches central bank po...
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