Australia news LIVE: Trump expected to set new tariffs within hours; ASIO boss says espionage costing Australians billions every year
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6.54am
Trump envoy to visit Gaza to witness starvation crisis 'first-hand'
By Michael Koziol
US President Donald Trump's special envoy Steve Witkoff will travel to Gaza to assess what the White House called a 'dire' starvation crisis first-hand, and formulate a plan to deliver more food.
White House press secretary Karoline Leavitt said Witkoff and US ambassador to Israel Mike Huckabee would enter Gaza on Friday, local time, following a meeting with Israeli Prime Minister Benjamin Netanyahu on Thursday.
They would inspect the current food and aid distribution sites and 'secure a plan to deliver more food, and meet with local Gazans to hear first-hand about this dire situation on the ground ', she said.
Following that they would immediately brief Trump and approve a final plan for food and aid distribution to the region, Leavitt said.
6.52am
Albanese's allies work to kill off anti-AUKUS push
By Paul Sakkal and Kieran Rooney
Prime Minister Anthony Albanese's allies are scrambling to put a lid on an anti-AUKUS grassroots Labor move that threatens to complicate a US probe into the submarine pact.
The party's Victorian Left faction, led by minister Andrew Giles and who back the prime minister, are lobbying behind the scenes to water down a motion submitted by the anti-US Labor Against War to Labor's state conference on Saturday that slams US President Donald Trump and demands the government 'withdraw' from AUKUS.
The push comes at a time when the Pentagon is reviewing the $360 billion nuclear deal and the US Navy is concerned the country is not building enough nuclear submarines to sell any to Australia in the 2030s without a dramatic increase in production.
6.43am
What's making news today
By Daniel Lo Surdo
Hello and welcome to the national news live blog. My name is Daniel Lo Surdo, and I'll be helming our live coverage this morning.
Here's what is making news today:
US President Donald Trump is expected to sign executive orders within hours to set new tariffs on American trading partners, threatening an increase to the baseline 10 per cent tariff levelled at Australian imports. It comes three days after Trump suggested sweeping tariffs of 15 to 20 per cent on all global trade partners unable to negotiate a deal with the US if an agreement was not struck before the August 1 deadline.
ASIO director-general Mike Burgess has revealed espionage is costing Australia an estimated $12.5 billion a year, warning that more than 35,000 Australians have exposed themselves to danger by 'recklessly' boasting their access to sensitive information online. Burgess said ASIO had disrupted 24 major espionage and foreign interference operations in the past three years, more than the previous eight years combined.
Trump's special envoy Steve Witkoff will travel to Gaza to assess what the White House called a 'dire' starvation crisis first-hand, and formulate a plan to deliver more food. Witkoff and US ambassador to Israel Mike Huckabee would enter Gaza on Friday (local time) before briefing Trump and approving a final food and aid distribution plan.
The Australian sharemarket is expected to fall after Wall Street retreated in response to the White House's demand for 17 pharmaceutical companies negotiate harder with other countries to return extra profits to Americans. Health stocks, including Eli Lilly and UnitedHealth Group, were among the biggest laggards on Wall Street.
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News.com.au
9 minutes ago
- News.com.au
Lunch Wrap: ASX slips as goldies shine; Beach Energy doles out juicy dividends
Gold rallies as soft US jobs lift rate-cut hopes Oil slides, but Beach bucks the trend with big dividend Endeavour shakes up leadership, Santos eyes long-haul gas deal The ASX slipped 0.2% by Monday lunchtime in the eastern states. A soggy US jobs report, oil prices heading south, and a few boardroom bombshells back home had local traders heading for the exit doors. With all the nervous energy floating around, the usual safe havens took centre stage. Consumer staples – your Woolies and Coles – held firm, and gold stocks lit up the scoreboard. Bullion prices came bounding back after the US reported just 73,000 new jobs for July, well below the 100,000 forecast. Suddenly, all the chat turned back to the Fed Reserve, and the growing odds of a rate cut in September. That's all gold needed to burst through the US$3,300 level. Meanwhile, energy stocks slid this morning as oil prices dipped. Brent fell below US$70 a barrel, with fresh fears that global demand could weaken. Woodside Energy Group (ASX:WDS) shed nearly 1.5%, and most of the sector wore the red. But one name in the energy patch bucked the trend this morning, Beach Energy (ASX:BPT). Despite booking a $43.8 million full-year net loss, the stock jumped 3% after the company promised shareholders a bumper final dividend, tripling it to 6 cents per share. In other large cap news, Endeavour Group (ASX:EDV) jumped 3.5% despite chairman Ari Mervis quitting after an apparent board clash. Duncan Makeig takes over as interim chair, and CFO Kate Beattie steps in as acting CEO until Jayne Hrdlicka starts in January. Elsewhere, Santos (ASX:STO) has inked a non-binding deal with Engie to pump up to 20 petajoules a year from its Narrabri Gas Project into the Aussie east coast market. The two are also eyeing carbon capture tie-ups through Moomba phase 2. It's all still conditional, but if green-lit, it's a long-haul play: 10 years of gas, with a dash of decarbonisation on the side. Santos' shares were down 0.1%. ASX SMALL CAP WINNERS Here are the best performing ASX small cap stocks for August 4 : Security Description Last % Volume MktCap LM1 Leeuwin Metals Ltd 0.160 62% 3,168,360 $9,979,832 TMB Tambourahmetals 0.040 54% 59,164,845 $4,302,377 LKY Locksleyresources 0.190 36% 24,092,761 $25,666,666 WTM Waratah Minerals Ltd 0.400 36% 2,862,914 $68,886,118 1TT Thrive Tribe Tech 0.008 33% 2,054,919 $609,518 SFG Seafarms Group Ltd 0.002 33% 650,452 $7,254,899 TRP Tissue Repair 0.335 31% 496,848 $15,418,535 CYQ Cycliq Group Ltd 0.005 25% 1,622,320 $1,842,067 TMX Terrain Minerals 0.003 25% 5,187,500 $5,063,629 NAG Nagambie Resources 0.016 23% 1,219,574 $10,442,930 BMM Bayanminingandmin 0.075 23% 1,908,901 $6,661,530 1CG One Click Group Ltd 0.012 20% 2,632,640 $11,822,861 AAU Antilles Gold Ltd 0.006 20% 4,299,000 $11,895,340 AS2 Askarimetalslimited 0.012 20% 15,147 $4,041,707 BUY Bounty Oil & Gas NL 0.003 20% 800,000 $3,903,680 RMY RMA Global 0.048 20% 79,072 $26,573,265 WIN WIN Metals 0.024 20% 1,619,478 $11,001,168 OZM Ozaurum Resources 0.077 20% 1,429,884 $14,662,520 D3E D3 Energy Limited 0.380 19% 447,298 $25,432,002 OD6 Od6Metalsltd 0.026 18% 347,857 $3,530,295 GAS State GAS Limited 0.028 17% 4,800 $9,428,421 PXX Polarx Limited 0.014 17% 17,309,930 $28,506,012 PEB Pacific Edge 0.099 16% 35,000 $69,012,858 Tambourah Metals (ASX:TMB) has struck shallow, high-grade gold at its Beatty Park South project, with standout hits including 6m at 25.8g/t from 30m, and a 1m interval grading 126g/t. The aircore campaign tested a historic gold-in-soil anomaly north of Meekatharra, confirming strong mineralisation over a 120m strike and ending in mineralised ultramafic rock. Locksley Resources (ASX:LKY) has submitted an expanded drilling plan to the US authorities for its Desert Antimony Prospect in California, lifting total planned drilling to around 2,180 metres. Backed by over $6.5 million in fresh capital, it's now targeting three stibnite-rich quartz-carbonate vein trends and a new east-west structure identified through recent mapping and 3D modelling. The aim is to define a JORC Exploration Target, with approvals expected in September, and drilling set to kick off shortly after. The project sits just 1.4 km from MP Materials' Mountain Pass Mine, placing Locksley squarely in the US critical minerals corridor. Waratah Minerals (ASX:WTM) has hit more high-grade gold at its Spur project, with drillhole SPRCD062 returning 208.7m at 1.17g/t gold, including a juicy 38m at 3.61g/t. That hole has now extended the Spur Gold Corridor by 500m, taking the known strike to over 1.5km. Waratah is ramping up drilling to map out the full scale of the system. Screen fire assays are still pending, but the early signs are promising. ASX SMALL CAP LOSERS Here are the worst performing ASX small cap stocks for August 4 : Code Name Price % Change Volume Market Cap EEL Enrg Elements Ltd 0.001 -33% 1 $4,880,668 GTR Gti Energy Ltd 0.003 -25% 9,489,101 $14,890,619 PAB Patrys Limited 0.002 -25% 2,117,284 $4,731,620 OLH Oldfields Holdings 0.023 -23% 93,521 $6,391,774 DMG Dragon Mountain Gold 0.010 -23% 440,982 $5,130,732 14D 1414 Degrees Limited 0.024 -20% 72,564 $8,748,755 AVE Avecho Biotech Ltd 0.004 -20% 1,521,313 $15,867,318 BIT Biotron Limited 0.002 -20% 35,570 $3,318,115 SIS Simble Solutions 0.004 -20% 9,044,909 $5,411,652 VRC Volt Resources Ltd 0.004 -20% 11,519,212 $23,424,247 RR1 Reach Resources Ltd 0.009 -18% 30,024 $9,618,745 ATV Activeportgroupltd 0.012 -18% 8,900,455 $9,617,679 1AI Algorae Pharma 0.005 -17% 95,494 $10,124,368 ALY Alchemy Resource Ltd 0.005 -17% 145,660 $7,068,458 FRX Flexiroam Limited 0.005 -17% 4,754,902 $9,104,392 AQX Alice Queen Ltd 0.003 -14% 1,020,000 $4,846,437 CHM Chimeric Therapeutic 0.003 -14% 5,479,012 $11,371,932 ENV Enova Mining Limited 0.006 -14% 2,506,417 $10,203,200 NFM New Frontier 0.012 -14% 112,496 $22,472,977 DCC Digitalx Limited 0.072 -14% 11,890,966 $123,168,395 WC1 Westcobarmetals 0.019 -14% 2,328,888 $4,584,349 IR1 Irismetals 0.095 -14% 200,858 $19,575,532 IN CASE YOU MISSED IT ADX Energy (ASX:ADX) has increased oil and gas output in the June 2025 quarter as it lays groundwork for key shallow gas drilling in Upper Austria. Javelin Minerals' (ASX:JAV) revised mining plan features a 15% increase in recoverable gold ounces to 39,000oz thanks to higher grades. Final assays from diamond drilling at Koonenberry Gold's (ASX:KNB) Enmore project in New South Wales highlight the Sunnyside prospect as an emerging bulk tonnage play with high-grade potential. Imagion Biosystems (ASX:IBX) has raised $3.5 million through a heavily oversubscribed two-tranche placement as it prepares to launch a phase II trial of its MagSense imaging tech for HER2+ breast cancer. Initial drilling at Power Minerals' (ASX:PNN) Santa Anna project in Brazil has intersected extensive niobium and rare earth mineralisation across 29 holes. is expanding an antimony drilling program to four targets at the Mojave project, California. LAST ORDERS Sipa Resources (ASX:SRI) is gearing up for a heritage survey at the Crown gold project in WA later this month, ahead of a maiden air core drilling program due to begin in September. The drilling program will test several geological targets and follow up historical rotary air blast drilling and soil sampling. Verity Resources (ASX:VRL) has fired up the drill bit at the Monument gold project, chasing a resource upgrade for the 154koz mineral resource estimate. The mineralised target remains open for further exploration in all directions and at depth, offering plenty of potential for new resource ounces to be found in drilling programs. Norwest Minerals (ASX:NWM) has polished off a phase 1 reverse circulation drilling program at the Bulgera gold project, ahead of schedule and under budget. The 11-hole, 2624-metre program hit multiple zones of prospective rock hosting trace sulphides and quartz veining, consistent with gold mineralisation found elsewhere on the tenure. NWM expects results within 4-6 weeks. At Stockhead, we tell it like it is. While Sipa Resources, Verity Resources and Norwest Minerals are Stockhead advertisers, they did not sponsor this article.
Sydney Morning Herald
9 minutes ago
- Sydney Morning Herald
Javelin tweaks mine plan to boost WA gold recovery to 39,000 ounces
Javelin Minerals has tweaked its mining plan to boost the expected gold recovery at the company's Eureka project to 39,000 ounces, a 15 per cent increase from the previously announced 34,000 recoverable ounces. It follows on from a 27 per cent jump in the resource's higher confidence indicated category. The lift to indicated resources was accompanied by a 32 per cent bump-up in grade to 1.98 grams per tonne (g/t) gold, providing a significant uplift in anticipated cash flow from mining the project, expected to begin next year. The huge jump in the gold grade for the 39,000 recoverable ounces extended to the project's overall mineral resource, increasing it to 2.04 million tonnes at 1.69g/t, using a 16 per cent grade increase from the previous resource, for 110,687 ounces of the precious yellow metal. Notably, the indicated mineral resource has been beefed-up and now stands at a solid 1.36Mt going 1.8g/t for 78,678 ounces, a significant 27 per cent leap. The bulk of the resource of more than 70 per cent is now positioned in the much-vaunted category. Much of the indicated resource sits below the southern end of the Eureka pit, where the company plans to begin its contract mining operations. Javelin is engaging with several contract miners and nearby process plant operators, aiming to fast-track production and generate cash flow as quickly as possible. 'Our mining plan is looking extremely attractive, particularly against the backdrop of the company's current market capitalisation.' Javelin Minerals executive chairman Brett Mitchell With the gold price hovering at a gangbuster US$3352 (A$5180) per ounce, the higher grades in recoverable ounces and indicated resources could supercharge the project's economics, providing both higher margins and cash flow. It provides the company with the option to consider boosting production ounces at the current sky-high price. Management says the considerable jump in grade has enabled it to revise the tonnes to be mined, with a new pit optimisation study revealing a 20 per cent decrease in mined material to 698,887 tonnes. Javelin Minerals executive chairman Brett Mitchell said: 'With the very strong Australian dollar gold price, the good condition of the open pit and the ability to process the material at one of the nearby mills, our mining plan is looking extremely attractive, particularly against the backdrop of the company's current market capitalisation.'
The Age
9 minutes ago
- The Age
Javelin tweaks mine plan to boost WA gold recovery to 39,000 ounces
Javelin Minerals has tweaked its mining plan to boost the expected gold recovery at the company's Eureka project to 39,000 ounces, a 15 per cent increase from the previously announced 34,000 recoverable ounces. It follows on from a 27 per cent jump in the resource's higher confidence indicated category. The lift to indicated resources was accompanied by a 32 per cent bump-up in grade to 1.98 grams per tonne (g/t) gold, providing a significant uplift in anticipated cash flow from mining the project, expected to begin next year. The huge jump in the gold grade for the 39,000 recoverable ounces extended to the project's overall mineral resource, increasing it to 2.04 million tonnes at 1.69g/t, using a 16 per cent grade increase from the previous resource, for 110,687 ounces of the precious yellow metal. Notably, the indicated mineral resource has been beefed-up and now stands at a solid 1.36Mt going 1.8g/t for 78,678 ounces, a significant 27 per cent leap. The bulk of the resource of more than 70 per cent is now positioned in the much-vaunted category. Much of the indicated resource sits below the southern end of the Eureka pit, where the company plans to begin its contract mining operations. Javelin is engaging with several contract miners and nearby process plant operators, aiming to fast-track production and generate cash flow as quickly as possible. 'Our mining plan is looking extremely attractive, particularly against the backdrop of the company's current market capitalisation.' Javelin Minerals executive chairman Brett Mitchell With the gold price hovering at a gangbuster US$3352 (A$5180) per ounce, the higher grades in recoverable ounces and indicated resources could supercharge the project's economics, providing both higher margins and cash flow. It provides the company with the option to consider boosting production ounces at the current sky-high price. Management says the considerable jump in grade has enabled it to revise the tonnes to be mined, with a new pit optimisation study revealing a 20 per cent decrease in mined material to 698,887 tonnes. Javelin Minerals executive chairman Brett Mitchell said: 'With the very strong Australian dollar gold price, the good condition of the open pit and the ability to process the material at one of the nearby mills, our mining plan is looking extremely attractive, particularly against the backdrop of the company's current market capitalisation.'
