Articles On Hammer Metals (ASX:HMX)

Hammer Metals (HMX) strikes up to 1.92 per cent copper from initial drilling work at its South Hope prospect within the Mt Isa district in QueenslandThe company has completed its first reverse circulation drill hole at the prospect, which i...

Highlights The ASX 200 benchmark index closed up today (24 October), gaining 102.60 points or 1.54% to end at 6,779.40 points. Over the last five days, the index has gained 1.73%, but is down 8.94% for the last year to date. Materials...

Hammer Metals (HMX) extends the mineralisation at Ajax East in Queensland to over one kilometreThe company recently completed follow-up drilling at the Ajax and Ajax East prospects, located within its Mt Isa project Six reverse circulation...

USD gold price continues to fall, currently $US1,621/oz Mixed bag of results for gold producers in Q1: Perseus, Northern Star outperformers so far Weekly small cap standouts: Strickland metals, Medallion Metals. GBM Resources Our Gold Dig...

Retail investment in gold, silver has either hit new peaks or held up at multi-year highs, says Metals Focus 1 ounce gold Maple Leaf in the US commands a 40% premium at the retail level, for example This week’s top movers: Sihayo, Dacian,...

Honda’s location decision in Ohio corresponds with its vision of building a new battery plant near a dedicated EV production line Ragusa Minerals kicks off drilling at NT Lithium Project in search for lithium bearing pegmatites Firetail Re...

The ASX will open lower on Thursday US and European sharemarkets are on a six-day losing streak Minutes from FOMC show that Fed officials expect rates to remain high Local shares are set to open slightly lower on Thursday. At 8am AEST, th...

PGM demand will remain strong until about 2025, when it will start to fall off a cliff: Metals Focus Why 2025? Because that’s when electrification of transport really kicks up a gear However, Bridge Street Capital analyst Chris Baker belie...

Fitch has downgraded its gold outlook but expects prices to remain “elevated in the coming years compared to pre-Covid levels” Contrarian argument: “It is also a sector full of M&A possibilities as gold equities haven’t been this ‘chea...

Hammer Metals (HMX) maps out new drilling targets following exploration activities at its Mt Isa joint venture project in QueenslandThe new targets have been identified at the Pearl and Trafalgar prospects, with a 10-hole reverse circulatio...

Hammer Metals (HMX) identifies strong induced polarisation (IP) anomalies within its Mount Hope project in QueenslandThe company completed five IP lines to the east, south and north of historical workings, identifying multiple anomalies of...

TSX listed Korara Resources finds another massive nugget stash at the Beta Hunt mine near Kalgoorlie The new discovery just below the super-rich, 30,000oz Fathers Day Vein China imported more than 80 tons (or 2.56Moz) of gold worth $US4.4b...

Hammer Metals (HMX) launches a major new drilling campaign at its Mt Isa copper-gold project in Queensland The new phase of exploration involves reverse circulation drilling at its wholly-owned Ajax prospect, which will be followed by furt...

EVN’s Jake Klein predicts US$2-US$3,000/oz gold price for this time next year Is a wave of merger and acquisition activity coming in the ASX gold space? Bounce back in vehicle production to boost PGM demand Gold price hits a four-week high...

ASX mining/exploration stocks rebound in July, kinda Those explorers with exciting tales to tell last month did very well, regardless of commodity A closer look at July’s top 5: Cobre, Prospect, Ora Banda, MC Mining and Tyranna July was a...

The ASX has trundled along like a happy little camper, up nearly 1.0% SZL sizzled then fizzled as the BNPL sector got all turned around So. Many. Quarterlies. Oh. My. God. #pleasemakeitstop   It’s been a happy, smiley Friday for (nearly)...

Gold price hits three-week high post-FOMC rates decision ASX Quarterly Gold Wrap: producers hit a low bar, investors are pleased Gold demand falls in H1 as cost-of-living pressures bite, WGC says Our Gold Digger column wraps all the news...

Hammer Metals (HMX) identifies “significant” rare earth element mineralisation at the Hardway mining lease in northern Queensland The company found the mineralisation through a review of historical data and recent rock chip sampling, avera...

Gold is down 5% for July and on a broader downward trajectory, Metals Focus says Aeris Resources’ Golden Plateau deposit could extend the mine life at Cracow Golden State Mining has kicked off drilling at the Yule project in WA   Our Gold...

Hammer Metals (HMX) identifies “strong” open induced polarisation (IP) chargeability anomalies identified within the company’s Mount Hope, Queensland The processed data indicates that there is a broad elevated chargeable zone, with respons...

1VG surges on new rare-earth discovery  GSR prepares for PGE drilling near to GAL’s Callisto  HMX identifies strong IP anomalies at Mount Hope within the Mount Isa copper district Here are the biggest small-cap resource winners in early t...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

The US dollar looks set to reach 20-year highs, impacting gold’s safe haven status JP Morgan employees on trial in Chicago after ‘spoofing trades’ accusations PGM supply through the recycling of auto catalysts has taken a hit ‘cos Covid O...

Hammer Metals (HMX) announces high-grade copper results and identifies new conductors at the Ajax East and Pearl prospects in Queensland’s Mt Isa region Recent drilling confirmed three copper sulphide zones which returned assays of up to 7...

Swiss data shows the highest total January to May bullion shipments since 2018 On a year-to-date basis US gold imports surged by 170% to 103t US also the largest destination for Swiss silver bullion, accounting for ~30% of the total; up fr...

Newmont’s Tom Palmer says gold may have found new floor of ~US$1600/oz in the wake of inflation With small gold miners are struggling with rising supply chain and labour costs, Palmer says consolidation in the sector makes sense Drilling r...

GBM Resources (GBZ) is progressing the sale of its Mayfield project, in north-west Queensland, to copper explorer C29 Metals (C29) C29 has exercised its option to acquire a 100 per cent interest in the copper project which it says compleme...

1 gram of gold can be recovered from about 41 recycled mobile phones Mint Innovation can recover $US12,000 worth of gold from one tonne of old circuit boards Gold trades sideways at ~$US1,850/oz Our Gold Digger column wraps all the news d...

Both ASX Small Cap and benchmark index are down about 0.5% A bleak forecast from Covid-stricken China hits resources stocks Appen in trading halt after jumping 30%     Local markets took a turn for the worse on Thursday after Chinese Prem...

US gold price down more than 10% or $200 from its peak But Aussie gold miners faring better due to weak AUD-USD exchange rate This week’s ASX standouts: Twenty Seven Co, OzAurum Resources Our Gold Digger column wraps all the news driving...

XEC down 2.7% XJO down 1.8% Dateline Resources (ASX: DTR) hits the trifecta    Markets across Asia are mostly heading downtown following Wall Street’s latest sell-off.  Tech names are in the biggest mess thanks to the latest inspired chao...

Hammer Metals (HMX) intersects sulphides at the Ajax East prospect, located in Mt Isa, north-west Queensland Results from the latest drilling program found a six-metre interval of stringer sulphide mineralisation intersected within a 30-me...

Investors will be given a smorgasbord of opportunities when more than 40 of Australia’s most successful, high-growth resources companies gather at the Resources Rising Stars Conference on the Gold Coast on June 7-8. In line with this year’s...

The ASX lost ground on Thursday. Weak leads out of Wall Street, more threats of Western-led sanctions v. Russia and a more hawkish tone out of the Federal Reserve left the benchmark 0.6% down with a half hour before the closing bell. Follow...

Hammer Metals (HMX) accelerates exploration at its Mount Isa East joint venture after identifying broad copper-gold zones at Trafalgar Broad zones of shallow copper-gold mineralisation was discovered in all six targets drilled along the 4....

ASX 200 has touched a new high-water mark for 2022 Aussie Government sets aside $1.2 billion for Phase One of the national space mission Major movers today: Culpeo Minerals, Tesoro Resources, Latin Resources   The ASX 200 has touched a ne...

Gold price to hit $US2,200 as stagflation fears take hold U.S. and allies officially prohibit all transactions with Russia involving gold, one of its financial lifelines. Will it work? Gold price rebounds over past week to $US1,960/oz Our...

M3 Mining (M3M) completes a soil sampling program at the Edjudina gold project The survey was completed across areas highlighted via a sub-audio magnetics survey completed in December Once results from the survey program have been receiv...

War gossip/news remains the main driver of gold prices. The precious metal is having one of those volatile weeks where unless they timed their entry and exit perfectly, investors probably had a tough time whether long or short, says OANDA s...

The ASX Emerging Companies (XEC) index is busting out after a three-session losing streak that felt like ten days. I should know, I spent a week in Canberra one afternoon when I was about 15. Anyway, the index for sensational small caps is...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Analysis of a previously reported drill hole at Hammer Metals’ (HMX) Ajax prospect has returned new assays, confirming it intersected a high-grade copper and gold zone The drill hole returned grades peaking at 13.2 per cent copper, 3.2 g/t...

A good week for gold, which is up 1.04% to ~$US1,940/oz at time of writing. History shows us war doesn’t usually trigger an extended rally, but news flow – or lack thereof – coming out of Ukraine continues to be the biggest influence on the...

There were 0 producers in January’s Top 50 ASX resources stocks. In February there were 12, plus a handful looking to join their ranks by the end of the year. Why? Maybe reporting season underlined just how much money miners are making from...

Hammer Metals (HMX) has produced new drill targets within its Mount Isa exploration portfolio in northwest Queensland Hammer has reviewed historical IP survey data to assess potential drill targets within its 2,600sqkm exploration portfoli...

The ASX200 has come to a jerky halt, closing more than 50 points or 0.7% higher. The market is down 5.6% over the last 52 weeks. The ASX Emerging Companies (XEC) index ended 0.6% better. The Four Horsemen of the Apocalypse are abroad on Mon...

Investors generally buy gold as a way of diversifying risk when s..t hits the proverbial fan. That’s why the precious metal appears to perform well in times of war or political instability. Conversely, stocks and bonds perform best in a sta...

Hammer Metals (HMX) extends its Kalman polymetallic deposit, located 50 kilometres south-east of Mt Isa in Queensland, following a round of reverse circulation drilling The company says the round of shallow returned copper-gold-molybdenum...

Last year, the price of copper rose 33%, but that was just the entree. Goldman Sachs reckons the red metal will hit a record US$12,000/t over the next month, up from ~$US9,700/t currently. That’s uncomfortably bullish, but even the more mil...

Hammer Metals intercepts shallow copper-bearing sulphides at the Ajax prospect within its Mt Isa project in Queensland Results from one reconnaissance reverse circulation drillhole returned 10 metres at 3.5 per cent copper from 25 metres d...