On Stockhead today, three high-grade iron ore plays set to soar, Australia’s best-performing post-Covid boom investment funds, and all about the ‘Helium 3.0’ crisis.

But first…

 

THE DAY AHEAD

Goldfields explorer Western Mines Group (ASX:WMG) will list on the ASX at 1.30pm AEST.

Its flagship asset is the Mulga Tank ni-cu-PGE project 190km east-northeast of Kalgoorlie, which hosts “a major ultramafic intrusion approximately the same size as the Kambalda Dome.”

 

TRADING HALTS

The following companies are in trading halts and are expected out in the next two trading days:

Wednesday

Woomera Mining (ASX:WML) – drilling results and price query
Jervois Mining (ASX:JRV) – acquisition and equity raising
Total Brain Limited (ASX:TTB) – capital raising
Australian Strategic Materials (ASX:ASM) – investment in Dubbo Project
Kula Gold (ASX:KGD) – capital raising
Helios Energy (ASX:HE8) – capital raising
Ragnar Metals (ASX:RAG) – exploration results

 

MARKETS

Gold: $US1813.44 ($2,469.95) (+0.09%)

Silver: $US25.20 (-5.21%)

Oil (WTI): $US66.61 (-6.77%)

Oil (Brent): $US68.76 (-6.19%)

Coal: $US148.60 (+2.40%)

Iron 62pc Fe: $US219.50 (-0.12%)

AUD/USD: $US0.7338 (-0.08%)

Bitcoin: $US30,827.03 (-2.62%)

 

WHAT GOT YOU TALKING YESTERDAY

Sydney continues to report significant Covid-19 case numbers and a fifth death, while Melbourne’s lockdown is being extended. It’s got people yearning for the finer things in life …

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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

YESTERDAY’S WINNERS

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(Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.)

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There was a French connection to the day’s big takeover news with IT provider Empired Limited (ASX:EPD) announcing a friendly $233 million all cash takeover from Capgemini and energy and infrastructure services play Valmec (ASX:VMX) announcing its $52 million purchase by Montpellier-based Altrad.

Both were announced at significant premiums, with Empired shares soaring 59% after revealing the $1.35 a share offer.

“Prospect generator” Predictive Discovery (ASX:PDI) hit bonanza grades at its Bankan Project in Guinea.

Results of 49.7m at 11.7g/t and 55.6m at 5.7g/t are nothing to sneeze at, with some intervals even higher at plus-ounce grades.

The company says the NE Bankan prospect is 100-200m long, 250m deep and remains open at depth.

Rarex (ASX:REE) delivered a major resource upgrade at its Cummins Range rare earths project.

It added 47% in overall tonnage to 18.8Mt at 1.15% TREO (including 0.23% NdPr) and 0.14% Nb2O5, the first time a potential niobium by-product has been reported.

Rarex also reported a maiden indicated resource of 11.1Mt at 1.3% TREO (including 0.27% NdPr) and 0.17% Nb2O5.

 

YESTERDAY’S LOSERS

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