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Phase 1 Drill Program – Operational and Geological Progress Update

Investing 2 Mins Read

McLaren Minerals Limited (ASX: MML) (‘McLaren’ or ‘Company’), is pleased to provide a further update on the phase 1 Drill Program at its wholly owned McLaren Titanium Project in the western Eucla Basin, Western Australia. This update is driven by the completion of geological interpretation of all the drilling during this campaign, in the absence of laboratory results.

Highlights

McLaren Titanium Project

  • 192 drill holes completed for a total of 4,067 metres, on time and without incident
  • Significant extensions of prospective sediments outside of currently known resource boundaries observed during drilling:
    • North extension: approximately 2,200m wide, avg. 14m thick (max 23m),
    • Central zone eastern extension: 800m wide, avg. 20m thick (max 23m),
    • Southern zone: 2,600m wide, avg. 10m thick (max 15m).
  • Metallurgical and geological samples submitted to IHC and Diamantina Laboratories
  • Geological work has improved confidence in deposit morphology and is expected to reduce future drilling costs
  • Strong community support confirmed within an established mining region

McLaren Mineral Sands Managing Director, Simon Finnis, commented:

“While we have not yet received any assays, phase 1 has delivered strong confidence to our team regarding this project. The most recent interpretation not only confirm the integrity of our geological model, but importantly, demonstrates the scale of the opportunity ahead. Defining substantial potential for mineralisation outside the current Resource boundary positions us well for future resource growth. We’ve also made solid ground operationally—drilling was completed on time, we’ve brought costs down, and we’re seeing strong local support. Taken together, these outcomes give us a great deal of confidence as we move toward the next phase of work and continue building long-term value for shareholders.”

Click here for the full ASX Release

This post appeared first on investingnews.com

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Editor's pick

Walmart fined for shipping realistic toy guns to New York, violating state law

Editor's pick 3 Mins Read

Walmart agreed to pay a small fine and promised to ensure its third-party resellers are unable to sell realistic looking toy guns to buyers in New York, after state Attorney General Letitia James said Tuesday that the retail giant’s online store shipped them to the state.

The settlement comes nearly a decade after Walmart, Amazon, Sears and other retailers entered into a consent order and judgment with New York’s previous attorney general, in which they agreed to keep toy guns that resemble actual deadly weapons off their shelves statewide and they paid civil penalties that topped $300,000.

The 2015 order was part of a nationwide reckoning over realistic looking toy guns in the wake of the fatal shooting of Tamir Rice, a 12 year-old Cleveland boy who was killed by police in November 2014 while holding a pellet gun.

The New York law bans retailers from selling or shipping toy guns of certain colors — black, dark blue, silver, or aluminum — that look like real weapons.

A realistic-looking toy gun Walmart shipped to New York.New York Attorney General’s Office

Toy guns sold in the state must be “made in bright colors or made entirely of transparent or translucent materials,” with businesses subject to a fine of $1,000 per violation, according to James’ office.

James said on Tuesday that an investigation by her office found that Walmart’s online store had shipped at least nine realistic-looking toy guns sold by third-party sellers to New York City, Westchester County and Western New York.

But the investigation also found that between March 2020 and November 2023, at least 46 imitation weapons that violate New York state law were purchased by consumers in the state through the Walmart.com platform, the settlement revealed.

“Realistic-looking toy guns can put communities in serious danger and that is why they are banned in New York,” James said in a statement.

“Walmart failed to prevent its third-party sellers from selling realistic-looking toy guns to New York addresses, violating our laws and putting people at risk,” she said.

“The ban on realistic-looking toy guns is meant to keep New Yorkers safe and my office will not hesitate to hold any business that violates that law accountable.”

Walmart must pay $14,000 in penalties and $2,000 in fees under the settlement, the AG’s office said.

That total of $16,000 is a tiny fraction of the approximately $49 million in net income Walmart earned on an average day in the most recent financial quarter.

CNBC has requested comment from Walmart, which neither admitted nor denied the findings by James’ office in its investigation.

As part of the settlement, Walmart is required to prohibit third parties from offering for sale or selling any of the imitation guns covered by the state law to buyers in New York.

“Walmart shall terminate the ability of a third party from being able to list and sell toy guns and imitation weapons on Walmart.com when it has determined that a third party has engaged in conduct” that violates that restriction on three separate occasions, the settlement said.

And “Walmart shall implement and maintain policies and procedures reasonably designed to prevent such third parties from offering for sale, exposing for sale, or selling Prohibited Items on Walmart.com for importation, holding for sale, or distribution to New York,” the settlement says.

This post appeared first on NBC NEWS

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Investing

Exploration Target at Golden Crown to Focus on Resource Growth

Investing 5 Mins Read

WIN Metals Ltd (ASX: WIN) (“WIN” or “the Company”) is pleased to announce an Exploration Target for the high-grade Golden Crown gold deposit, part of the Company’s Butchers Creek.

Highlights

  • WIN has defined an Exploration Target for Golden Crown of 400kt to 700kt tonnes between 2.4g/t to 3.2g/t Au for 23,000oz to 73,000oz of gold. This is in addition to the current Inferred Mineral Resource Estimate (MRE) of 400kt @ 3.1g/t Au for 38,000oz of gold1
  • The Exploration Target is supported by the successful 2024 drilling campaign, which tested mineralisation below current Inferred Resource at Golden Crown including2:
    • 24BCRC014 – 6m @ 10.85g/t Au (140m below MRE)
    • 24BCRC012 – 5m @ 3.63g/t Au (95m below MRE)
  • WIN remains focused on growing shareholder value through low-cost, high-impact drilling at the high-grade Golden Crown, complementing the recently announced 2025 Butchers Creek MRE update of 5.23Mt at 1.G1g/t Au for 321,000oz of gold
  • Heritage clearance results for the 2025 field program have now been received with no impediments to proposed drilling activities
  • Preparation work is underway to support a G,000m drilling program, with drilling scheduled to commence in July 2025

The potential quantity and grade of the Exploration Target is conceptual in nature and, as such, there has been insufficient exploration drilling conducted to estimate a Mineral Resource. At this stage it is uncertain if further exploration drilling will result in the estimation of a Mineral Resource. The Exploration Target has been prepared in accordance with the JORC Code (2012). This exploration target is exclusive of the 2021 Golden Crown Mineral resource estimate of 400kt at 3.10g/t Au for 38,000oz of gold.

Gold Project (“BCGP”) located in the East Kimberley region of Western Australia. The BCGP currently contains a global Mineral Resource of 5.63Mt @ 1.98g/t Au for 359,000oz of gold.

The Golden Crown Exploration Target, which lies below the current Inferred Resource, is estimated at between 400kt to 700kt @ 2.4g/t to 3.2g/t Au, representing an additional 23,000oz to 73,000oz of gold beyond the current MRE.

WIN Metals Managing Director and CEO, Mr Steve Norregaard, commented:

“The establishment of an Exploration Target at the high-grade Golden Crown gold deposit following our highly successful 4-hole drilling program late in 2024 marks another important milestone in WIN’s strategy to unlock value from the project. The potential for additional gold at Golden Crown represents a compelling resource growth opportunity that could see Golden Crown be a meaningful satellite producer complementing the main Butchers Creek body of mineralisation.

With a very targeted, low-cost exploration approach this supports our vision of becoming the next gold producer in Kimberley region of WA. The upcoming S,000m drill campaign is designed to test the potential and deliver further value to shareholders through disciplined, high-impact exploration. We’re suitably enthused by what lies ahead.”

Exploration Target Basis

During WIN’s 2024 drilling campaign, 4 holes for 873m were drilled at Golden Crown demonstrating the resource growth potential. In aggregate, 159 holes for 12,570m have been drilled at Golden Crown along the lightly tested 2km strike.

Highlights from WIN’s drilling included:

  • 6m @ 10.85g/t Au from 253m in hole 24BCRC014 (140m below the Mineral Resource)
  • 5m @ 3.63g/t Au from 222m in hole 24BCRC012 (95m below Mineral Resource)
  • 2m @ 6.00g/t Au from 130m in hole 24BCRC013 (25m below Mineral Resource)

The Golden Crown Exploration Target was generated using the following parameters:

  • Mineralised envelopes have been remodelled at Golden Crown using Micromine software, with the new intercepts included at Golden Crown North from all holes drilled at the deposit
  • A 0.3g/t Au cut-off was applied to constrain the mineralisation envelopes
  • Mineralisation envelopes have been extended up to 250m below surface (130m RL) and extended a maximum of 60m radii along strike from a mineralised intercept
  • Volume of the mineralisation envelopes were converted to tonnage using a factor of 2.71t per cubic meter, consistent with the April 2025 MRE update for Butchers Creek
  • Upper and lower grade ranges were calculated at ±15% of the current MRE for Golden Crown of 3.10g/t Au. The southern extension mineralisation envelope, which was not modelled nor reported in 2021 MRE, has been assigned the average composite grade
  • Upper and lower tonnage ranges were calculated at ±15% of the updated mineralisation envelopes
  • The Exploration Target output range was rounded to the nearest 1,000oz to reflect the conceptual nature of this calculation

Heritage Clearance for 2025 Drilling Programme

All drilling proposed in the 2025 heritage survey has been approved by the Koongie Elvire Traditional Owners Group following the completion of a heritage survey in April. This approval enables WIN to accelerate its 2025 drilling programme, focusing on growing the Golden Crown resource and testing the EIS co-funded exploration target, Ganymede3.

Future Work

The 2025 field season has commenced with reconnaissance work underway, now both heritage survey and the necessary clearances have been received. The drilling program will primarily focus on resource growth at the Golden Crown gold deposit, with 9,000m of drilling planned to commence in June/July 2025. An updated MRE for Golden Crown is expected later in 2025.

Location and Project History

The Golden Crown gold deposit is within exploration licence E80/4976, which is 4.5km north of the Butchers Creek gold mine and 30km southeast of Halls Creek in the Kimberley region of Western Australia. The project is accessible via the Duncan Road that connects the BCGP to the town of Halls Creek and the Great Northern Highway.

Click here for the full ASX Release

This post appeared first on investingnews.com

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Concentrate Offtake Agreements Signed for Nueva Sabana Copper-Gold Mine, Cuba

Investing 3 Mins Read

Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU) advises that 50% owned Cuban joint venture mining company, Minera La Victoria SA, and a major global commodities trading house have signed two off-take agreements for the purchase of the gold concentrates and the copper/gold concentrates to be produced by the Nueva Sabana mine (“Nueva Sabana Mine”).

The proposed payables for metals outlined below are 12% higher for the gold concentrate, and the same for the copper/gold concentrate, that were included in the Nueva Sabana Pre-Feasibility Study (‘PFS’), the results of which were advised to ASX on 13 January 2025, together with the production schedule and target specifications for the two concentrates on market-based terms

Additional details on the commercial arrangements include the following:

  • For each offtake, provisional payment of 90% of provisional value of the concentrate 5 business days after shipment from the port of loading and buyer’s receipt of various original documents;
  • For each offtake, final invoice shall be issued after final assays, weights and prices are known, and final Payment shall be made within 5 business days of buyer’s receipt of the final invoice, less the provisional payment;
  • For each offtake, shipment to be approximately even spread throughout the calendar year in minimum bill of lading parcels of ~1,000dmt of concentrate (estimated to be equivalent to around two weeks of production from the Nueva Sabana Mine);
  • For each offtake, no minimum or maximum volume commitments; and
  • For each offtake, there are defined events of default which give rise to certain rights, including the right to suspend and/or terminate the offtake agreements.

The counterparty is a major global commodities trading house with a diverse portfolio including substantial interests in metals and minerals and an annual group revenue in excess of billions of dollars. The Company confirms that it does not consider the identity of the counterparty to be information that a reasonable person would expect to have a material effect on the price or value of the Company’s securities. The Company confirms that this announcement contains all material information relevant to assessing the impact of the off-take agreements on the price or value of the Company’s securities, and is not misleading by omission.

LISTING RULE CONFIRMATION

The Company confirms that all material assumptions underpinning the production target and the forecast financial information derived from the production target in the revised MRE for Nueva Sabana advised to ASX on 2 October 2024 continue to apply and have not materially changed.

The Company also confirms that it is not aware of any new information or data that materially affects the information included in previous market announcements and all material assumptions and technical parameters underpinning the mineral resources in the 13 January 2025 market announcement continue to apply and have not materially changed.

The Chairman of Antilles Gold, Mr Brian Johnson, commented“finalisation of the concentrate off-take agreements is a major step forward in arranging financing for the Nueva Sabana project, and positive negotiations are progressing with potential lenders for the construction of the mine.

The mine is fully permitted, and the aim is to finalise the financing within the next 3 months to allow construction commencement, with commissioning 12 months later”.

Click here for the full ASX Release

This post appeared first on investingnews.com

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Crypto Market Review: Trump Media Planning US$3 Billion Raise to Buy Bitcoin, Other Coins

Investing 6 Mins Read

Here’s a quick recap of the crypto landscape for Monday (May 26) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$109,039 as markets closed, up 1.2 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$109,003 and a high of US$110,162.

Bitcoin performance, May 26, 2025.

Chart via TradingView.

Ethereum (ETH) finished the trading day at US$2,540.88, a 0.7 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,534.30 and saw a daily high of US$2,567.88.

Altcoin price update

  • Solana (SOL) closed at US$174.15, up 1.1 percent over 24 hours. SOL experienced a low of US$174.12 in the final minutes of trading and reached a high of US$178.07.
  • XRP is trading at US$2.31, reflecting a 0.2 percent increase over 24 hours. The cryptocurrency reached a daily low of US$2.30 and a high of US$2.33.
  • Sui (SUI) peaked at US$3.47, showing a decreaseof 1.9 percent over the past 24 hours. Its lowest valuation on Monday was US$3.59.
  • Cardano (ADA) is trading at US$0.7549, up 0.9 percent over the past 24 hours. Its lowest price of the day was US$0.7547, and it reached a high of US$0.7688.

Today’s crypto news to know

Could soaring debt send Bitcoin to US$1 million by 2030?

Prominent voices are calling for US$1 million Bitcoin by the end of the decade, a Cointelegraph post shows.

ARK Invest CEO Cathie Wood sees Bitcoin hitting US$1.5 million by 2030 in a high-conviction ‘bull case’ scenario, driven upward by institutional adoption and the coin’s unique monetary properties.

Robert Kiyosaki has echoed the million-dollar prediction, linking it to surging US debt and potential economic collapse, which he says will push investors to safe-haven assets like Bitcoin, gold and silver.

“I strongly believe, by 2035, that one Bitcoin will be over US$1 million, Gold will be US$30,000, and silver US$3,000 a coin,” the financial author posted on X, formerly Twitter, in mid-April.

“We have been quite bullish over the last five or six weeks. We have been bearish coming out of the Trump inauguration in February, but we turned quite bullish,” 10x Research CEO Markus Thielen told Cointelegraph on May 22.

If momentum continues, 2025 could mark Bitcoin’s most aggressive bull run to date. Still, volatility remains a key wildcard, especially as political and macroeconomic dynamics evolve.

Trader behind US$1 billion Bitcoin bet goes all in on PEPE memecoin

Pseudonymous trader ‘James Wynn,’ better known as “moonpig” on the decentralized exchange Hyperliquid, has become one of the most talked-about crypto traders after flipping from a billion-dollar Bitcoin bet to a US$1 million leveraged bet on memecoin PEPE. Days ago, Wynn closed a US$1.2 billion Bitcoin long position with a US$17.5 million loss, then doubled down on a US$1 billion short position using 40x leverage, netting US$3 million as Bitcoin dipped.

After posting about US$25 million in total profit from his trading spree, Wynn announced he’s walking away from perpetual trading. This type of trading involves derivatives contracts without an expiry date.

His latest PEPE trade, however, has already gained US$500,000 as the token jumped 6 percent in just a few hours.

The on-chain transparency of Wynn’s trades has captivated X users, turning him into a meme icon.

Strategy acquires more Bitcoin, faces legal challenges

Michael Saylor’s Strategy (NASDAQ:MSTR) has acquired an additional 4,020 BTC.

They were purchased between May 19 and 23 for US$427.1 million, as per a Monday announcement. These latest purchases were made at an average price of US$106,237 per BTC.

This marks Strategy’s fourth Bitcoin acquisition in May, bringing its total holdings to 580,250 BTC, acquired for approximately US$40.6 billion at an average price of US$69,979 per coin.

This Bitcoin acquisition occurred after Strategy director Jarrod Patten sold 2,650 Strategy shares worth nearly US$1.1 million between May 16 and 21, according to a report filed by Strategy on May 22.

Meanwhile, Strategy’s shares were down by over 10 percent last week, falling after a class-action lawsuit filed on May 16 alleged the misrepresentation of Bitcoin investments. The plaintiffs are seeking to recover losses for shareholders purportedly affected by securities fraud between April 2024 and April 2025.

Trump Media’s potential US$3 billion crypto acquisition plan

Trump Media and Technology Group (NASDAQ:DJT) is planning to raise US$3 billion to buy Bitcoin and other cryptocurrencies, according to a Monday report from the Financial Times.

According to the report, which cites six anonymous insiders, Trump Media is aiming to raise US$2 billion in fresh equity and another US$1 billion through a convertible bond.

ClearStreet and BTIG are among the brokers that could serve as underwriters on the deal.

The official announcement could come during Bitcoin 2025, taking place in Las Vegas this week. US Vice President JD Vance, Donald Trump Jr. and Eric Trump are expected to make appearances, along with David Sacks. The Bitcoin 2024 conference, which was held in Nashville, was where Trump made a highly publicized announcement about making the US the crypto leader of the world, a major turning point for his engagement with the crypto community.

Neither the Trump administration nor representatives for Trump Media have confirmed the story.

Musk starts X Money beta testing

Elon Musk has begun beta testing of X Money, a payment and banking app he is building into his social media platform X. The news was confirmed via social media post on Sunday (May 25) from an account called Tesla Owners Silicon Valley, which is not owned or operated by Musk or by Tesla (NASDAQ:TSLA); however, Musk confirmed the test, writing that access will be “very limited” due to the “extreme care” that must be taken with users’ savings.

The features and functionalities of X Money during this initial beta testing phase remain undisclosed, but integration of a payment and banking app into X represents a significant step toward Musk’s vision of an “everything app.’

Pakistan to dedicate 2,000 MW to Bitcoin mining, AI infrastructure

Pakistan’s finance ministry announced that it will allocate 2,000 megawatts (MW) of electricity to power Bitcoin-mining and artificial intelligence data centers. The initiative is being spearheaded by the government-backed Pakistan Crypto Council and is part of a national plan to monetize surplus electricity and modernize the economy.

Officials say the plan will not only alleviate grid imbalances, but also create tech-focused jobs and attract foreign investment. This marks one of the most ambitious state-backed crypto infrastructure moves by a developing country.

If successful, it could help position Pakistan as a regional hub for digital assets and artificial intelligence development. It also comes amid wider energy reforms aimed at revitalizing the nation’s troubled power sector.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Learning Painful Lessons is the Start to Building a Successful Trading or Investing Strategy

Stock 5 Mins Read

In order to invest or trade successfully, you have to have conviction. Conviction does not equal stubbornness. It’s very important to remain objective and occasionally question your conviction and adjust your strategy from time to time if signals warrant it. But I cannot trade personally if I believe there’s a 50/50 chance the market is going higher. That doubt will resonate with each and every swing in the market. I’ll chase at the wrong time and get whipsawed out of positions.

Instead, I evaluate those signals that work best for me – the same signals that have allowed me go against the grain and call significant market tops and bottoms over the past 5-7 years. Few were saying it was time to be long in early April, but I was quite clear. Topping signals were just as evident to me earlier this year, leading me to tell EarningsBeats.com members that I was 100% cash at the end of January. The technical confirmation of a market top occurred on Friday, February 21st. I published my belief of that confirmed market top in this same blog – again rather clearly:

You can click on this headline and read the whole story, if you’d like. After letting EB.com members know that I was fully committed on the long side in early April, because of bullish market maker manipulation, I have continued to track that market maker manipulation. Through Friday, it’s still telling me the same thing – BUY US STOCKS!

The Manipulation Continues

Listen, we’ve seen a massive run higher off that early-April low and profit taking and pullbacks will occur. That cannot deter us and should not be misconstrued as distribution ahead of a major market decline. In fact, there are a lot of technicians and market analysts talking about the big selling that’s taken place over the past week and how that will lead to further selling ahead. I completely disagree with this crew. We’ve seen almost zero selling or distribution in recent days. What we’ve seen are more gap downs, just like the ones that occurred after the March 13th low. Those opening and early morning selloffs saw subsequent buying throughout trading sessions. Check out the accumulation/distribution indicator on both the S&P 500 and NASDAQ 100 below:

S&P 500

You can see the AD line take a bit of a hit during the true period of distribution in 2025. Currently, however, the AD line is very near its all-time high. Last week (since Monday’s close), the SPY lost 15.74, falling from 594.85 to Friday’s close at 579.11. That was roughly a 2.5% pullback, but here’s what’s interesting. The SPY had gap downs the past four trading days that totaled 13.65. Nearly all of last week’s drop occurred at the opening bell. There was little selling during the trading day. We track this manipulative behavior in our “2025 Key Stocks Manipulation” excel spreadsheet, which we update for our members every Monday morning, so our members can clearly see the manipulation taking place on the SPY, QQQ, IWM, and 11 individual stocks, including Mag 7 stocks and a few others. It’s independent research and has helped us completely ignore the bearish and biased media. They’re interested in viewership and clicks and will scare the heck out of everyone to achieve their own selfish, money-making goals. EarningsBeats.com is interested in helping folks navigate a landscape designed to misinform and mislead. We’re interested in making money, that’s it. Follow the charts, not the headlines.

NASDAQ 100

The AD line exploded higher on the NASDAQ 100, mostly because Mag 7 stocks were heavily accumulated during the early-April massacre. The same thing occurred in March 2020 during the pandemic, prior to these stocks skyrocketing later in 2020. Then we saw a repeat in 2022, before a massive explosion higher in 2023. Once again, we’re seeing Wall Street’s “rinse and repeat” strategy of effectively stealing shares from unsuspecting retail traders. And once again, these stocks have been flying again.

It’s up to us to learn these lessons and not make the same mistakes over and over again during cyclical bear markets. At EarningsBeats.com, we take advantage of these selloffs before they occur. First, we move to cash. Next, we watch the stocks tumble. Third, we buy back in much cheaper at the same time that Wall Street does. Doesn’t this sound like a much better strategy? Follow what Wall Street is buying, not what they’re saying.

This manipulation applies to an even greater extent to individual stocks. One of my favorite stocks has been ridiculously-manipulated in 2025. Over the past four trading days, while the S&P 500 has been under pressure, this stock has gapped down 3.13, but has moved 8 bucks higher during the trading day. It’s one of our 12 individual stocks that we track each week and showed the most manipulation last week. Its AD line is soaring again and its relative strength vs. its industry peers has exploded higher since the first week of March. Owning stocks like this help us significantly outperform the S&P 500.

I’m featuring this stock in our FREE EB Digest newsletter on Tuesday morning. To register for our newsletter and receive this stock Tuesday morning before the market opens, simply CLICK HERE and provide your name and email address. Again, it’s free, there’s no credit card required, and you may unsubscribe at any time.

Our Spring Special, HUGE Savings

We run specials from time to time to allow new members an opportunity to enjoy our service for a year at a major discount. We started our annual Spring Special this past week and it runs through Monday at midnight. If you’d like to change your approach to the stock market and be more proactive, please consider taking advantage of this special. For more information and to Start Your Annual Membership Today, follow this link.

Happy trading!

Tom

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Kaiser’s Record-Breaking First Weekly Gold Pour

Investing 3 Mins Read

Kaiser Reef Limited (“Kaiser”, or “the Company”) (ASX:KAU) is pleased to announce that the first 10 days of ownership of the Henty Gold Mine has progressed to plan and the operation continues to bed in under Kaiser ownership.

Highlights

  • First 10 days of Henty ownership
  • Record Kaiser gold pour >1,200 ounces from Henty
  • Kaiser transformed into a ≈ 30kozpa gold producer1,3

The first gold pour under Kaiser’s ownership has likely exceeded 1,200oz of gold, and is currently in transit to the Perth Mint for refining and outturn.

The acquisition of the Henty Gold Mine has positioned Kaiser as a multi-asset gold producer with significant growth potential.

Brad Valiukas, Kaiser’s executive Director – Operations commented:

“It’s been an excellent start for Kaiser at Henty, the team is transitioning well, and operational performance has been excellent. We are well positioned to build on the success that Catalyst has had at Henty, as it becomes our flagship asset. Kaiser is now a significantly stronger Company with the incorporation of Henty, and we look forward to advancing our assets and the Company.”

Key highlights of the Henty Gold Mine include:

  • Established production platform: Henty Gold Mine is a proven gold production operation, with historical production of 1.4Moz -8.9g/t2. Since its acquisition by Catalyst in 2021, significant operational improvements have been made, including investments in drill platforms, drilling, tailings, underground fleet and people.
  • 5-year mine plan: Work to date has culminated in establishing a robust 5-year mine plan underpinned by a current Ore Reserves of 1.2Mt @ 4.0g/t for 154koz3. There is significant scope to extend mine life based on the current Mineral Resource of 4.1Mt @ 3.4g/t Au for 449koz3 along with the opportunities for near-mine exploration and development success.
  • Significant infrastructure: The Henty mine benefits from significant infrastructure including a 300ktpa CIL processing plant, surface & underground workshops, administration complex, access to hydro generated grid power and refreshed tailings storage capacity.
  • Implement and build on operational capacity: The Kaiser executive team brings extensive experience in optimising similar assets through a combination of operational improvement and targeted exploration investment. Supported by Catalyst as a 19.99% strategic shareholder, and skilled operating team and local workforce of over 150 employees, Kaiser is well-positioned to drive further value.
  • Flagship asset: As Kaiser’s flagship asset, Henty will receive dedicated focus to continue the significant work completed by Catalyst and further drive operational improvements.

For further information in respect to the acquisition, please refer to the Company’s ASX Announcement dated 24 March 2025.

Click here for the full ASX Release

This post appeared first on investingnews.com

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Week Ahead: NIFTY Stays In Technically Challanging Situation; Sector Rotation Shows Likely Change In Leadership

Stock 4 Mins Read

After a very strong move in the week before this one, the markets chose to take a breather. They moved in a wide range but ended the week on a mildly negative note after rebounding from their low point of the week. While defending the key levels, the markets largely chose to stay within a defined range. The trading range remained reasonably wide; the Nifty oscillated in a 600.55-point range over the past five sessions. The volatility inched modestly higher; the India Vix rose 4.40% to 17.28 on a weekly basis. While keeping its head above crucial levels, the headline index closed with a net weekly loss of 166.65 points (-0.67).

The coming week will be an expiry week; we will have monthly derivatives expiry playing out as well. Going by the options data, the Nifty has created a trading range between 25100 and 24500 levels. The markets are likely to consolidate in this 600-point trading range. A directional bias would emerge only if the Nifty takes out 25100 on the upside convincingly or ends up violating the 24500 level. While the underlying trend stays intact, the markets are unlikely to develop any sustainable trend so long as they do not move past the 25100 level. While the markets stay in the defined range, it would be prudent to vigilantly guard profits at higher levels and rotate sectors effectively to remain invested in the relatively stronger pockets.

The coming week is likely to see the levels of 25000 and 25175 acting as potential resistance points. The supports come in lower at 24600 and 24450 levels.

The weekly RSI is at 60.14; it stays neutral and does not show any divergence against the price. The weekly MACD is bullish and stays above its signal line.

The pattern analysis shows that the Nifty has formed a trading range between 25100 on the higher side and 24500 on the lower side. This means that a directional bias would emerge only if Nifty moves past 25100 convincingly or violates the 24500 level. Until either of these two things happens, we will see the Nifty consolidating in this defined range. The Nifty has so far defended the pattern support level that also exists in the 24400-24500 zone.

Overall, the markets continue to remain in a challenging environment and face strong resistance near the 25100 level. So long as the Nifty stays below this level, it stays prone to corrective spikes, which may also keep volatility at slightly elevated levels as well. Given the current technical structure, it would be imperative that not only the sectors be rotated properly to stay invested in relatively stronger pockets, but all existing gains must also be vigilantly guarded at current levels by the investors. While continuing to keep leveraged exposures at modest levels, a cautious outlook is advised for the coming week.

Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that while the Nifty Consumption, PSU Bank, Infrastructure, Banknifty, FMCG, and Commodities indices are in the leading quadrant, all are showing a distinct slowdown in their relative momentum against the broader Nifty 500 Index. While these groups are likely to show resilience and may relatively outperform, except for the Consumption Index, they are giving up in favor of other sectors that are showing renewed relative strength.

The Nifty Financial Services Index has rolled inside the weakening quadrant. The Nifty Metal and Services Sector Indices are also inside the weakening quadrant.

While the Nifty Pharma Index continues to languish inside the lagging quadrant, the IT Index, which is also inside the lagging quadrant, is showing sharp improvement in its relative momentum against the broader markets.

The Nifty Realty, Auto, Midcap 100, and Energy Sector Indices are inside the improving quadrant. These groups are expected to continue bettering their relative performance against the broader markets.

Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  

Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

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Editor's pick

Why Trump’s iPhone tariff threat might not be enough to bring production to the U.S.

Editor's pick 3 Mins Read

The once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a U.S.-made iPhone.

Last week, Trump said he “had a little problem with Tim Cook,” and on Friday, he threatened to slap a 25% tariff on iPhones in a social media post.

Trump is upset with Apple’s plan to source the majority of iPhones sold in the U.S. from its factory partners in India, instead of China. Cook confirmed this plan earlier this month during earnings discussions.

Trump wants Apple to build iPhones for the U.S. market in the U.S. and has continued to pressure the company and Cook.

“I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump posted on Truth Social on Friday.

Analysts said it would probably make more sense for Apple to eat the cost rather than move production stateside.

“In terms of profitability, it’s way better for Apple to take the hit of a 25% tariff on iPhones sold in the US market than to move iPhone assembly lines back to US,” Apple supply chain analyst Ming-Chi Kuo wrote on X.

UBS analyst David Vogt said that the potential 25% tariffs were a “jarring headline” but that they would only be a “modest headwind” to Apple’s earnings, dropping annual earnings by 51 cents per share, versus a prior expectation of 34 cents per share under the current tariff landscape.

Experts have long held that a U.S.-made iPhone is impossible at worst and highly expensive at best.

Analysts have said that iPhones made in the U.S. would be much more expensive, CNBC previously reported, with some estimates ranging between $1,500 and $3,500 to buy one at retail. Labor costs would certainly rise.

But it would also be logistically complicated.

Supply chains and factories take years to build out, including installing equipment and staffing up. Parts that Apple imported to the United States for assembly might be subject to tariffs as well.

Apple started manufacturing iPhones in India in 2017 but it was only in recent years that the region was capable of building Apple’s latest devices.

“We believe the concept of Apple producing iPhones in the US is a fairy tale that is not feasible,” wrote Wedbush analyst Dan Ives in a note on Friday.

Other analysts were wary about predicting how Trump’s threat ultimately plays out. Apple might be able to strike a deal with the administration — despite the eroding relationship — or challenge the tariffs in court.

For now, most of Apple’s most important products are exempt from tariffs after Trump gave phones and computers a tariff waiver — even from China — in April, but Apple doesn’t know how the Trump administration’s tariffs will ultimately play out beyond June.

“We’re skeptical” that the 25% tariff will materialize, wrote Wells Fargo analyst Aaron Rakers.

He wrote that Apple could try to preserve its roughly 41% gross margin on iPhones by raising prices in the U.S. by between $100 and $300 per phone.

It’s unclear how Trump intends to target Apple’s India-made iPhones. Rakers wrote that the administration could put specific tariffs on phone imports from India.

Apple’s operations in India continue to expand.

Foxconn, which assembles iPhones for Apple, is building a new $1.5 billion factory in India that could do some iPhone production, the Financial Times reported Thursday.

Apple declined to comment on Trump’s post.

This post appeared first on NBC NEWS

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