On Stockhead today, five reasons why the new mining boom can keep booming, African graphite’s time has come, and what does BP’s rumoured hydrogen move actually mean?

But first, the day ahead.

Today, the Housing Industry Association (HIA) is scheduled to release data on new home sales for April.



The following companies are in trading halts or suspension and are expected out in the next few days:

Step One Clothing Limited (ASX: STP) – results guidance for the year ending 30 June 2022

Talon Energy Ltd (ASX:TPD)  – preliminary drilling results from the Walyering-6 well in the Perth Basin, from the project’s Operator, Strike Energy

Tyranna Resources (ASX:TYL) – proposed capital raising and project acquisition

Broo (ASX:BEE) – company restructure

AVZ Minerals (ASX:AVZ) – an announcement in relation to its mining and exploration rights for the Manono lithium and tin project

Wiluna Mining Corp (ASX:WMC) – capital raising


Gold: $US1,848.24 (-0.22%)

Silver: $US21.29 (-1.23%)

Nickel (3mth): $US28,000/t (+0.7%)

Copper (3mth): $US8,957.50/t (-3.49%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, May 12): $US72,175/t (-3.3% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 12): $US72,775/t (-1.7% weekly)

Oil (WTI): $US103.21 (-2.36%)

Oil (Brent): $US105.22 (-2.15%)

Iron 62pc Fe: $US127 (+3.25%)

AUD/USD: $US0.6875 (-0.98%)

Bitcoin: $US27,640.30(-4.65%)



A very astute observation from veteran analyst and stock picker Gavin Wendt. Aussie gold miners are sitting pretty.


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(Stocks highlighted in yellow rose after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Wood fibre stock Midway (ASX:MWY) will sell its existing 17,000 hectare plantation estate in southwest Victoria for $154.1 million.

Also offloading a key asset is Aquis Entertainment (ASX:AQS), which is selling the Canberra casino for $52m. The sale is conditional on Aquis shareholder approval and ACT casino and liquor licensing regulatory approvals.

Vango Mining (ASX:VAN) didn’t make any announcements yesterday, but shares were up circa 18%.

The advanced explorer’s share price, largely stifled by legal issues, has bounced back in big way after scoring $10m via a new strategic investor in early April.

VAN’s main game is the high grade 1Moz ‘Marymia’ project in WA, where it is focused on growing the resource.



(Stocks highlighted in yellow fell after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.