Articles On Sumatra Copper & Gold (ASX:SUM)

All documentation has been submitted for stage 1 drilling permits for the Equador project Preliminary metallurgical and economic studies will begin shortly at Equador A maiden scout RC drill program is planned to begin at Barra in Novemb...

    ASX edges down in a quiet market Pilbara Minerals falls 5pc as share block sale is reported Westpac sells auto finance unit for up to $1.6 billion   The ASX has lifted slightly on Thursday, up by 0.1%, as traders remain cautious amid...

Stockhead’s ‘Garimpeiro’ columnist Barry FitzGerald is back in the studio for another instalment of The Explorers Podcast. In this episode Barry chats with Stuart Peterson, Chief Geologist at Summit Minerals (ASX:SUM). The company is expand...

ASX closes flat amid shift from banks to miners CPI slows to 2.7pc, first dip within RBA’s target Fortescue shares soar 6pc on electric truck upgrade   The ASX closed 0.19% lower on Wednesday as the shift from financial stocks to miners...

ASX down as RBA holds rates steady again Element 25 lands US$166m grant talks Supermarket stocks drop again amid discount claims backlash   The ASX was down 0.3% at one point but rallied to a flattish close after the Reserve Bank kept in...

  ASX dips amid concerns over delayed RBA rate cuts Woolworths and Coles hit with lawsuit over misleading discounts Gold miners and uranium stocks gain   The ASX took a breather from its record highs, down by 0.6% after being rattled by...

Summit Minerals (ASX:SUM) has acquired a new strategic tenement within the Equador Niobium and Tantalum Project in northeast Brazil.  The newly acquired tenement, covering 2km2, sits east and north of the project. The tenement has exist...

  ASX peaks before closing near record on Fed rate cut hopes Xero up on Syft buy, Auckland Airport down after share placement Microsoft announces US $60 billion buyback; Japanese stocks drop   The ASX briefly touched a new intraday high...

The ASX200 has been up 0.28% at 8,144 points. The Index touched a new all-time high in intra day trade, hitting 8,148 points before paring back gains. The new record was set only a tenth of a point higher than the prior record in early A...

Summit’s new Brazilian mining lease returns up to 64.61% niobium pentoxide Drilling plans for the Equador project are now being revised Metallurgical test work underway to fast-track production   Special Report: Summit Minerals says bulk...

Prices of critical mineral antimony are flying through the roof after China made a surprise announcement to restrict exports earlier this month and ASX stocks with exposure to the semi-metal have started to go gangbusters. The reason it’s s...

Brazil is the world’s premier source of niobium, a metal suddenly capturing the attention of ASX investors St George Mining recently made a major splash, acquiring the Araxa project adjacent to CBMM, the company supplying 80% of the world’...

ASX flattish on Monday, with utilities and gold stocks leading A2 Milk’s shares plummeted 20pc amid challenges in China Westpac and Suncorp saw gains of nearly 2pc after results release   Trading on the ASX was relatively quiet on Monday...

Summit Minerals’ (ASX:SUM) geotechs have shored up confidence in their Brazilian acreage prospective for niobium mineralisation following a fresh LiDAR survey on-site – pushing the company’s share price up 6%. Surveys were conducted acro...

SUM spots new pegmatite trends at Equador niobium project LiDAR survey will inform upcoming bulk sampling and drilling programs Company also reported new rock chip samples have extended strike length   Special Report: Summit Minerals says...

ASX set to drop despite a rally in US stocks on Friday Gold hits new high, driven by expectations of monetary easing Highlight this week include Jerome Powell’s speech at Jackson Hole   The ASX is set to edge slightly lower when the marke...

In the latest trading session, several Australian stocks have stood out with impressive gains, reflecting strong market enthusiasm. Here’s a closer look at the top performers: Summit Minerals Limited (ASX:SUM) Summit Minerals Limited has s...

Volatility remained the status quo as the ASX200 ended down 0.23%. The local bourse briefly touched into the green after lunch, but the mood was short-lived. The market almost immediately pared gains, sinking back into the red. There...

The ASX dropped, dragged down by Real Estate and Mining stocks Qantas cuts former CEO’s compensation by $9.3m Fears of a US recession are growing, with the Sahm Rule signalling potential trouble   A selloff in Real Estate and Mining stock...

Stockhead’s Break it Down brings you today’s leading market news in under 90 seconds. In this episode, host Sarah Hughan dives into the new grounds Summit Minerals (ASX:SUM) has picked up in Brazil. The company announced today it is expandi...

Power Minerals (ASX:PNN) has completed an acquisition for the Lĺtio Niobium Project in Brazil, after finalising technical and legal due diligence.  The project, which covers 27km2, comprises three permits and is considered prospective f...

Mega ASX 200 iron ore shares BHP Group Ltd (ASX: BHP) and Fortescue Ltd (ASX: FMG) were the top two most traded ASX stocks last month among investors using the SelfWealth trading platform. Let's review the top 10. Top 10 most traded...

Niobium, a vital element used to create nanocrystalline materials, is almost rubber-stamped to spark a new wave of technological advances and the West Arunta critical minerals region in WA is emerging as a vital global source of the element...

‘Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director, and responsible executive at Perth-based financial services pr...

The ASX200 partially recovered from earlier losses but closed the day down a quarter of a percent. The telecommunications sector has been the top performer for two consecutive days, up one and a quarter per cent. Utilities and Materials...

ASX 200 ends lower on Monday  IT and Consumer Discretionary only sectors to end higher Rex Minerals added 52% on takeover   Despite a more than handy lead out of Wall Street, the ASX started badly on Monday morning, yet somehow just kept...

Gold, silver and rare earths dominate the scene for June Encounter’s niobium hits in West Arunta puts a fire under stock price MRG Metals gets US$6m in backing for mineral sands development   The winners’ list is out! Check out the top 50...

Power Minerals Ltd (ASX:PNN) has seen its share price rise by more than 19 percent on news that it is set to acquire a Brazilian project believed to be highly prospective for niobium, rare earth (REE) and lithium. The company has entered...

The ASX took a slow dive to a 50-point slump before a weak post-lunch rally Big gains for some big coal players were basically the only thing keeping us afloat A handful of Small Caps did pretty well, but it’s not been great day overall  ...

The ASX closed the day down a quarter of a percent. The market was spooked by the RBA Minutes released this morning, where the central bank confirmed it considered raising interest rates. While this had been widely expected, it rattle...

Summit Minerals rock chips sampling uncovers more niobium-bearing pegmatites New pegmatites are parallel to known pegmatites Sampling ongoing with surveys planned to help map prospective pegmatites   Special Report: Summit Minerals’ surfa...

Gold miner Ramelius Resources purchases 98.5m shares for an 8.9% stake in Spartan Resources Ramelius says it has “no current intention” to takeover the neighbouring gold explorer Lynas now able to produce high-value separated dysprosium an...

ASX200 dropped on Friday, extending its weekly loss despite Wall Street’s highs Telix Pharma halted US IPO; Tabcorp jumps 10pc on NSW tax reform Germany works to soften EU tariffs on Chinese electric cars   The ASX200 dropped by -0.3% on...

The ASX200 had a rough day, trading way lower than predicted, to close down 1.35%. All sectors remained in the red, Materials felt it the most all day, closing down nearly 2.6%, real estate followed, down 2.3%. In the green Summit...

Aussie shares slipped over 1pc after the King’s Birthday long weekend Mining and Real Estate sectors were the biggest losers among all 11 sectors Chinese EV stocks fell ahead of expected EU tariff hikes   Aussie shares slipped after the K...

Battery minerals-hunting juniors are amongst the big gainers this morning.  Belararox is well up after providing further evidence of a significant porphyry copper target in Argentina While Volt Resources, Summit Minerals and RareX are all...

Despite futures tipping a 0.25% decline on the bourse the market has tanked 1.10% in the first hour of trades. The immediate catalysts at play aren’t obvious but are likely being driven in part by low iron ore prices, stronger than expec...

  Bapcor (ASX:BAP) has responded to the media speculation and confirmed the receipt of a non-binding, indicative proposal from Bain Capital Private Equity, LP. Under the terms of the Indicative Proposal, Bapcor shareholders would receive $5...

11 Jun 2024 - A snapshot of the stocks on the move, featuring Bapcor (ASX:BAP), Summit Minerals (ASX:SUM) and DY6 Metals (ASX:DY6).

Special report: First assay results from the Equador project in Brazil have confirmed high-grade niobium and tantalum over a 1.2km strike length. Summit Minerals (ASX:SUM) might still be in the early stages of its niobium exploration progr...

Stockhead’s Top 10 at 10, published at ~10.40am 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...

Shares in Summit Minerals (ASX:SUM) were up by as much as +27% in the first twenty minutes of trade on Tuesday, driven by positive niobium hits. Strong market reaction towards a metal which not long ago you could fairly call “obscure” is...

Adelong Gold Limited (ASX: ADG) has commenced Phase 2 of exploration activities at the Paraiba tenements in Brazil to build upon “promising preliminary reconnaissance results and mineral potential in the region”. The 10 Brazilian license...

Summit Minerals (ASX: SUM) has reported a series of high-grade assays from maiden exploration at its Equador niobium and rare earths project in Brazil. The company discovered multiple new pegmatite and historic mine workings across the tene...

ASX 200 dips  amid Wall Street closure for Memorial Day Commodities bounce back; gold stocks rise, uranium falls Forrestania jumps on iron ore play   The ASX 200 edged down -0.2% on Tuesday as local traders navigated a directionless marke...

Xero and Nvidia buoyed Tech, while BHP dragged Mining Gold stocks were the worst performing miners today New tensions over China’s drills near Taiwan   The benchmark ASX 200 index was down about -0.50% on Thursday. Xero’s (ASX:XRO) 10% ju...

ASX losses accelerate after sluggish retail sector updates  Baby Bunting, Temple & Webster, JB Hi-fi all under pressure on soft sales Alliance Nickel soars on fat federal grant   After opening modestly higher this morning, the ASX qui...

Multispectral analysis targeting niobium mineralisation at Equador project in Brazil has identified 30 targets Fieldwork has established that the Sentinel 2 and ultraviolet spectral data sets broadly correlate to areas of identified tourma...

  ASX to dip slightly at the open after a modest run on Wall Street Shopify, Airbnb and Uber took a dive overnight after earnings release What’s been moving the gold price?   Aussie shares are poised to open modestly lower on Thursday,...

The ASX belts one out on Monday, up 0.8pc All 11 sectors are better for it Canterbury Resources grows by half   The benchmark Aussie index has started the week with decisive and broad based gains. All 11 sectors ended Monday higher. US Fu...