A Soviet-born businessman will decide the future of the NRL
It broadcasts in markets all over the world, with 20 million global subscribers, predominantly across Europe, where it is the largest digital broadcaster, Asia and the Americas.
It is owned by American-British citizen businessman Len Blavatnik, said to be worth around $40 billion. He made his fortune in plastics and chemicals following the break-up of the Soviet Union, and also owns Warner Music, taking it over in similar circumstances to Foxtel, as it too was laden with debt.
Since the handover, the spin has been that it will be steady as she goes for Foxtel, a comforting position for the NRL.
It would be naive to fall for it.
Since when has a powerful multibillionaire anywhere in the globe taken over a business and just let it roll along, especially when he had to wipe $2 billion of debt?
Evidence of inevitable change occurred last week when 100 Foxtel staff across marketing and engineering were made redundant.
The ownership change of Foxtel is of enormous significance for Peter V'landys and his NRL Commission.
In News Corporation, it had a familiar ally, with vested interests in the health of the NRL.
Despite the fact News secured a minority 6 per cent stake in DAZN and a board position, it will have little say, beyond guidance.
In DAZN and Blavatnik, the NRL doesn't know exactly what they're dealing with.
It does, though, have a significant bargaining chip. The game.
Without NRL, Foxtel and its digital sports arm Kayo would lose subscribers hand-over-fist on the eastern seaboard.
But the NRL doesn't just need DAZN to keep the rights, it needs it to pay big for them – way bigger than News Corporation ever did via Foxtel.
V'landys has been smarting after accepting slightly in excess of $2 billion over five years (2023-27) from Nine and Foxtel in a post-COVID move in late 2021.
The amount was light, and V'landys made a startling admission in this masthead at the time that part of the reason he did the deal was because ' if Fox coughs, all the codes catch a cold '.
It came back to bite him.
After he prevented Fox from coughing, the AFL swooped on the healthy company's good fortune just seven months later and drew $4.5 billion for seven years from Seven and Foxtel, dwarfing the NRL deal by about $200 million a year.
It hurt. He's determined to make amends, flooding the media with stats for the past year which back the position that the NRL draws bigger audiences and richer engagement than the AFL.
He hates losing to the Victorians, and his battle with them in the racing industry in his role as Racing NSW CEO is the genesis of a move by some powerful figures in that industry to oust him.
V'landys has publicly talked up the possibility of a $3 billion bonanza for the five years from 2027-31.
He has put a target on it, and anything short may be seen as a failure.
That's where it gets tricky. DAZN is the key, and the NRL has to convince it to pay 50 per cent more than Foxtel did last time, or at the very least be such a keen bidder it forces someone else to.
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Who is the someone else? Free-to-air broadcaster Nine, the publisher of this masthead, and its digital arm Stan could try and go it alone, as could Seven.
You can rule Ten out, and then there's the fanciful notion Netflix, Amazon or another global streamer could come in.
Splitting the rights up, as the NFL in the US does with different broadcasters on different days, should be dismissed.
Fans would not cop multiple digital subscriptions to watch their beloved game in a cost-of-living crisis.
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22 minutes ago
- News.com.au
High Voltage: US graphite stocks gain 40pc advantage thanks to anti-dumping tariff on China
Graphite pricing has been significantly impacted by Chinese production in recent months, and the US has just notched another arrow to fire in its trade war around the critical mineral. Back in February, the US International Trade Commission (ITC) ruled that China harmed the American graphite industry by exporting graphite at unfairly low prices. And last week, the Department of Commerce in the US applied 93.5% anti-dumping duties on active anode material (processed graphite). When combined with existing tariffs applied to Chinese imports into the US, the impost now totals 160% for active anode material. Active anode material (AAM) is graphite refined into coated spherical purified graphite and is the final product used in batteries. China has a stranglehold on global graphite supply, with 98% of graphite anode material (both natural and synthetic) coming from China. The significant tariffs at a major import market like the US are expected to impact global prices of graphite and have highlighted the need for Western countries to shore up domestic supply chains - particularly around minerals critical to defence and tech applications. Benchmark Minerals Intelligence (BMI) says the move will push the cost of Chinese AAM from ~US$3700/t to US$9300/t, making US-made AMM at ~US$5400/t over 40% cheaper. 'This marks an advantage for US anode aspirants looking to onshore production as they are likely to see greater interest from investors and cell makers, give the more balanced cost landscape,' BMI said. 'However, given the current limited availability of commercial-scale domestic AAM, cell makers will likely to absorb these higher associated costs in the near-term, which could dampen demand.' Near-term US graphite producers The tariff/trade war could present opportunities for ASX stocks with a near-term development project in the US – and even those further afield (but more on that later). Syrah Resources' (ASX:SYR) has its 11,250tpa Vidalia active anode materials plant, which is ramping up in the US and has the potential for expansion to 45,000tpa (targeted by 2028) and long term aspirations of >100ktpa. Qualification by key customer Tesla has been extended from May this year to February 9, 2026. There's also Novonix (ASX:NVX), which owns the Riverside facility in Chattanooga, Tennessee, which is poised to become the first large-scale production site dedicated to high-performance synthetic graphite for the battery sector in North America. The project is targeting a 3000tpa start-up this year, growing to 15-20,000tpa by 2030, with long term aspirations to expand capacity to around 150,000tpa. The initial 20,000tpa is already fully accounted for, with long-term offtake agreements with Panasonic Energy, Stellantis, and PowerCo. Outside of the US, Renascor Resources (ASX:RNU) has the Siviour project in South Australia, the most advanced graphite development in Oz. Siviour is expected to be one of the world's lowest cost projects, with costs of US$405/t of graphite concentrate in the first 10 years. The upstream mine and concentrator has already nabbed a $185m loan under the Australian Government's Critical Minerals Facility, signalling the nation-building value of the project. RNU is looking downstream as well, planning to commission a purified spherical graphite (PSG) demonstration plant in Q4 this year. In the Northern Territory, Kingsland Minerals' (ASX:KNG) Leliyn project has an inferred resource of 180.2Mt at 7.2% total graphitic content and indicated resource of 12.3Mt at 7.9% TGC, making it the largest in situ graphite resource in Australia. A scoping study is expected to be released this quarter, and will focus on just a fraction of the project's 12km strike zone. iTech Minerals (ASX:ITM) has the Lacroma, Sugarloaf and Campoona deposits north of Siviour on South Australia's Eyre Peninsula. It boasts a global mineral resource of 35.2Mt at 6% TGC, with test work already showing the project can produce a 94% graphite concentrate with material suitable for the key battery market. Buxton Resources (ASX:BUX) owns the 20.7Mt at 10.8% TGC Graphite Bull project in WA where earlier this month the world's largest anode manufacturer, BTR New Material Group, has qualified the ore for its entire ore-to-anode production process. International Graphite (ASX:IG6) owns the Springdale deposit and proposed Collie plant, and Green Critical Minerals (ASX:GCM) owns 80% of the 1.1Mt McIntosh project, but has moved into the technology space, beginning production runs of its Very High Density (VHD) graphite block technology, with first revenue expected in H1 CY26. The tech has thermal management applications in sectors from global electronics, semiconductor and microchip manufacturers, to data centre operators. Battery Metals Winners and Losers Here's how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese and vanadium is performing >>> Battery metals stocks missing from our list? Shoot a n e mail to Code Company Price % Week % Month % Six Month % Year Market Cap XTC XTC Lithium Limited 0.2 19900% 19900% 19900% 19900% $17,528,272 LMG Latrobe Magnesium 0.018 125% 125% 6% -59% $42,108,350 AS2 Askarimetalslimited 0.016 100% 167% 45% -64% $6,466,731 HLX Helix Resources 0.002 100% 33% -33% -33% $5,046,291 VR8 Vanadium Resources 0.041 86% 105% 32% -18% $23,135,967 GTE Great Western Exp. 0.019 58% 111% -21% -37% $11,355,159 GRE Greentechmetals 0.078 56% 81% 16% -35% $7,824,264 SLZ Sultan Resources Ltd 0.006 50% 20% -25% -14% $1,388,819 PGD Peregrine Gold 0.265 47% 71% 77% 83% $22,060,413 IG6 Internationalgraphit 0.072 47% 41% 20% -17% $13,936,200 EVG Evion Group NL 0.033 43% 106% 32% 65% $13,917,439 PMT Patriotbatterymetals 0.475 42% 116% 32% -4% $267,688,695 IXR Ionic Rare Earths 0.0255 42% 132% 264% 155% $124,813,852 IPT Impact Minerals 0.009 38% 50% -13% -36% $31,946,640 LKE Lake Resources 0.044 38% 57% 7% 22% $84,748,040 AR3 Austrare 0.12 36% 140% 43% 38% $24,378,547 SYR Syrah Resources 0.395 34% 58% 72% 32% $432,531,598 SYR Syrah Resources 0.395 34% 58% 72% 32% $432,531,598 AGY Argosy Minerals Ltd 0.032 33% 113% 10% -60% $50,685,391 RLC Reedy Lagoon Corp. 0.002 33% 33% -33% -33% $1,553,413 SMX Strata Minerals 0.016 33% 33% -48% -38% $3,672,783 EMT Emetals Limited 0.004 33% 33% -20% -20% $3,400,000 TOR Torque Met 0.24 33% 85% 314% 85% $105,315,429 FIN FIN Resources Ltd 0.004 33% 0% 0% -33% $2,779,554 EG1 Evergreenlithium 0.033 32% 6% -60% -44% $7,058,030 BKT Black Rock Mining 0.034 31% 36% 0% -44% $51,553,236 EUR European Lithium Ltd 0.096 30% 68% 39% 104% $127,175,969 PVW PVW Res Ltd 0.018 29% 50% 29% -31% $3,779,191 FGR First Graphene Ltd 0.036 29% 33% -35% -29% $23,962,258 KGD Kula Gold Limited 0.009 29% 13% 125% -27% $6,448,776 INF Infinity Lithium 0.019 27% 36% -34% -64% $8,979,250 INR Ioneer Ltd 0.1325 26% 39% -30% -9% $346,030,860 QXR Qx Resources Limited 0.005 25% 67% 25% -38% $6,551,644 CTN Catalina Resources 0.005 25% 67% 52% 113% $10,917,086 GT1 Greentechnology 0.031 24% 63% -52% -55% $12,829,591 TVN Tivan Limited 0.105 24% 15% -13% 91% $203,871,395 MLS Metals Australia 0.021 24% 24% -5% 11% $14,574,390 KOB Kobaresourceslimited 0.039 22% 15% -47% -72% $7,313,342 SYA Sayona Mining Ltd 0.023 21% 53% 0% -30% $265,495,808 PLL Piedmont Lithium Inc 0.1325 20% 52% 2% -20% $65,170,700 TLG Talga Group Ltd 0.48 20% 20% 5% 9% $218,382,574 ALY Alchemy Resource Ltd 0.006 20% 20% -14% -14% $7,068,458 TON Triton Min Ltd 0.006 20% 20% -25% -40% $10,978,721 PVT Pivotal Metals Ltd 0.012 20% 33% 50% -45% $9,979,485 AKN Auking Mining Ltd 0.006 20% -14% 50% -65% $4,128,698 WSR Westar Resources 0.006 20% 20% -25% -25% $2,392,349 KZR Kalamazoo Resources 0.11 20% 22% 41% 51% $23,036,319 VUL Vulcan Energy 4.23 19% 21% -21% -2% $984,602,560 TMB Tambourahmetals 0.025 19% 14% 0% -43% $3,805,949 RR1 Reach Resources Ltd 0.0095 19% 19% 36% -21% $7,869,882 RR1 Reach Resources Ltd 0.0095 19% 19% 36% -21% $7,869,882 FRB Firebird Metals 0.13 18% 76% 31% 0% $18,506,982 KTA Krakatoa Resources 0.013 18% 0% 18% 44% $10,076,742 TKM Trek Metals Ltd 0.099 18% 8% 313% 209% $56,670,152 PLS Pilbara Min Ltd 1.815 17% 51% -22% -37% $5,888,919,118 BCA Black Canyon Limited 0.27 17% 170% 303% 225% $35,800,202 WMG Western Mines 0.28 17% 115% 87% 14% $27,100,736 VHM Vhmlimited 0.22 16% 13% -35% -62% $55,785,389 STK Strickland Metals 0.1675 16% 20% 112% 73% $361,977,568 L1M Lightning Minerals 0.045 15% -25% -48% -31% $5,466,068 IPX Iperionx Limited 5.925 15% 38% 44% 165% $1,762,802,476 LPM Lithium Plus 0.069 15% 13% -14% -37% $11,689,920 SGQ St George Min Ltd 0.039 15% 22% 50% 26% $104,240,075 ASN Anson Resources Ltd 0.11 15% 144% 80% -12% $152,541,019 AZL Arizona Lithium Ltd 0.008 14% 33% -27% -58% $37,662,201 AM7 Arcadia Minerals 0.024 14% 50% 20% -37% $2,817,202 CDT Castle Minerals 0.08 14% 8% 33% -33% $9,048,746 MHC Manhattan Corp Ltd 0.024 14% 20% 0% -4% $5,637,574 BMG BMG Resources Ltd 0.008 14% 14% -20% 14% $5,910,780 TLM Talisman Mining 0.16 14% 23% -22% -38% $29,189,654 LIN Lindian Resources 0.099 14% -6% -6% -14% $124,259,335 MIN Mineral Resources. 31.17 14% 52% -12% -43% $6,025,260,399 NVX Novonix Limited 0.54 14% 44% -8% -20% $372,320,697 WCN White Cliff Min Ltd 0.025 14% 25% 25% 56% $60,334,654 RBX Resource B 0.034 13% 36% 6% -15% $3,916,272 RAS Ragusa Minerals Ltd 0.017 13% 21% 42% 6% $3,029,379 RNU Renascor Res Ltd 0.069 13% 23% 21% -22% $180,563,960 CTM Centaurus Metals Ltd 0.395 13% 20% -2% 10% $191,229,967 NVA Nova Minerals Ltd 0.265 13% -18% -22% 23% $104,390,368 VRC Volt Resources Ltd 0.0045 13% 13% 50% -10% $23,424,247 GSM Golden State Mining 0.009 13% 20% 13% -25% $2,514,336 RIE Riedel Resources Ltd 0.036 13% 38% 9% -40% $3,077,225 PNN Power Minerals Ltd 0.065 12% 12% -29% -38% $9,239,642 E25 Element 25 Ltd 0.2575 12% 20% -11% 7% $59,439,224 LTR Liontown Resources 0.9225 12% 41% 40% -6% $2,259,346,631 ZEU Zeus Resources Ltd 0.019 12% 58% 171% 111% $14,348,733 LOT Lotus Resources Ltd 0.195 11% 0% -22% -33% $438,423,546 IGO IGO Limited 5.265 11% 36% 1% -6% $3,945,365,306 G88 Golden Mile Res Ltd 0.01 11% -23% 0% -9% $4,898,231 NC1 Nicoresourceslimited 0.1 11% 14% 11% -29% $12,345,058 WC1 Westcobarmetals 0.02 11% 5% -9% -35% $4,375,969 CY5 Cygnus Metals Ltd 0.1 11% 16% -29% 64% $106,326,218 GCM Green Critical Min 0.031 11% 29% 63% 933% $76,317,142 SCN Scorpion Minerals 0.021 11% 11% 0% 24% $9,957,068 ADD Adavale Resource Ltd 0.022 10% 10% -45% -73% $4,203,970 GL1 Globallith 0.22 10% 54% 22% -24% $54,963,746 STM Sunstone Metals Ltd 0.0165 10% 10% 136% 83% $92,353,480 YAR Yari Minerals Ltd 0.011 10% 0% 267% 267% $6,894,638 ITM Itech Minerals Ltd 0.033 10% 3% -40% -59% $5,637,568 ARV Artemis Resources 0.0055 10% 10% -39% -45% $12,678,361 OCN Oceanalithiumlimited 0.068 10% 3% 152% 79% $11,621,877 ILU Iluka Resources 5.35 10% 56% 16% -14% $2,315,878,466 VTM Victory Metals Ltd 1.26 10% 52% 245% 260% $136,381,295 S32 South32 Limited 3.14 9% 10% -11% 5% $14,141,414,280 MEK Meeka Metals Limited 0.1525 9% 2% 39% 301% $437,355,776 RIO Rio Tinto Limited 120.02 9% 18% 2% 5% $44,349,201,087 REC Rechargemetals 0.013 8% -7% -32% -58% $3,340,870 HAV Havilah Resources 0.195 8% 11% -11% -5% $66,154,978 PAT Patriot Resourcesltd 0.055 8% 0% 25% 8% $9,076,235 GLN Galan Lithium Ltd 0.145 7% 53% 21% -4% $139,772,833 JLL Jindalee Lithium Ltd 0.45 7% 14% 120% 53% $38,338,006 LM1 Leeuwin Metals Ltd 0.15 7% 15% 25% 83% $15,120,958 NIC Nickel Industries 0.7925 7% 14% -5% 1% $3,407,634,662 BHP BHP Group Limited 41.87 7% 17% 7% 1% $212,430,275,035 DLI Delta Lithium 0.165 6% -8% -3% -23% $121,812,105 GAL Galileo Mining Ltd 0.17 6% 62% 10% -6% $33,596,238 EMH European Metals Hldg 0.17 6% -3% 26% -35% $33,191,153 LSR Lodestar Minerals 0.017 6% 183% 21% -15% $6,759,038 A4N Alpha Hpa Ltd 0.94 6% 18% 7% 18% $1,074,467,171 SRK Strike Resources 0.035 6% 0% 17% 0% $9,931,250 EMN Euromanganese 0.185 6% -3% 12% -45% $9,413,767 WC8 Wildcat Resources 0.185 6% 42% -21% -27% $260,630,845 AVL Aust Vanadium Ltd 0.0095 6% 19% -32% -41% $86,346,581 BM8 Battery Age Minerals 0.062 5% 7% -37% -52% $9,411,713 MAN Mandrake Res Ltd 0.021 5% 11% -5% -22% $13,172,458 LIT Livium Ltd 0.0105 5% 17% -38% -50% $16,909,071 VML Vital Metals Limited 0.105 5% 5% -30% -40% $12,968,919 RXL Rox Resources 0.315 5% 15% 43% 117% $238,911,961 WIN WIN Metals 0.021 5% 17% 0% -13% $10,451,110 LYC Lynas Rare Earths 10.505 5% 15% 58% 75% $9,485,431,282 VRX VRX Silica Ltd 0.085 5% 6% 85% 130% $65,762,689 GED Golden Deeps 0.022 5% 5% -8% -35% $4,073,891 KM1 Kalimetalslimited 0.11 5% 45% -12% -42% $9,113,220 BC8 Black Cat Syndicate 0.8525 5% 5% 24% 154% $608,543,633 NTU Northern Min Ltd 0.0345 5% 11% 64% 15% $292,500,454 CAE Cannindah Resources 0.024 4% 0% -38% -56% $16,745,839 FML Focus Minerals Ltd 0.395 4% 5% 88% 182% $116,056,251 PBL Parabellumresources 0.053 4% 4% -4% 33% $3,301,900 FRS Forrestaniaresources 0.145 4% 107% 1350% 326% $37,322,691 GW1 Greenwing Resources 0.029 4% 21% -17% -40% $8,564,078 FTL Firetail Resources 0.088 4% 17% 22% 47% $32,682,406 KNG Kingsland Minerals 0.15 3% 92% 15% -25% $10,521,332 JMS Jupiter Mines. 0.2275 3% 14% 57% -11% $441,234,396 ADV Ardiden Ltd 0.155 3% 7% 7% 15% $10,315,388 NWC New World Resources 0.067 3% 18% 319% 131% $239,570,336 CHN Chalice Mining Ltd 1.8575 3% 20% 55% 71% $729,425,228 DM1 Desert Metals 0.0215 2% 2% -7% -28% $9,730,305 SUM Summitminerals 0.044 2% 29% -66% -78% $4,517,380 ALK Alkane Resources Ltd 0.69 2% -5% 31% 37% $417,823,905 CWX Carawine Resources 0.097 2% -1% -8% 13% $22,904,169 HAW Hawthorn Resources 0.055 2% -5% 20% -20% $18,425,859 OMH OM Holdings Limited 0.325 2% 12% -7% -25% $241,370,892 MEI Meteoric Resources 0.1625 2% 30% 93% 35% $362,291,231 NMT Neometals Ltd 0.069 1% 10% -14% -4% $53,859,756 BSX Blackstone Ltd 0.074 1% -14% 174% 76% $129,891,858 SFR Sandfire Resources 11.17 1% 1% 13% 33% $5,173,739,862 ASM Ausstratmaterials 0.72 1% 35% 47% 5% $130,565,291 PTR Petratherm Ltd 0.3725 1% 33% -10% 2091% $131,713,613 IDA Indiana Resources 0.086 1% 10% 32% 85% $56,560,456 CXO Core Lithium 0.11 0% 31% 18% 12% $246,446,788 RIL Redivium Limited 0.004 0% 0% 0% 100% $13,609,422 COB Cobalt Blue Ltd 0.054 0% -5% -16% -33% $24,021,298 LPD Lepidico Ltd 0.002 0% 0% 0% 0% $17,178,371 MRD Mount Ridley Mines 0.0025 0% 25% -17% -75% $1,946,223 CZN Corazon Ltd 0.002 0% 0% 0% -60% $2,369,145 CLA Celsius Resource Ltd 0.007 0% 0% -30% -46% $20,380,675 MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922 AXN Alliance Nickel Ltd 0.034 0% -3% -8% -11% $24,678,547 AAJ Aruma Resources Ltd 0.008 0% -11% -20% -27% $2,623,524 TKL Traka Resources 0.001 0% -50% 0% 0% $2,125,790 ATM Aneka Tambang 1.105 0% 0% 24% 3% $1,440,532 LEL Lithenergy 0.37 0% 0% 0% 1% $41,440,581 MRC Mineral Commodities 0.026 0% 0% 0% 0% $25,596,288 PEK Peak Rare Earths Ltd 0.31 0% 11% 114% 102% $133,466,467 WKT Walkabout Resources 0.095 0% 0% 0% -10% $63,769,838 CNJ Conico Ltd 0.007 0% 0% -22% -30% $1,905,020 BOA BOA Resources Ltd 0.018 0% -10% -18% -10% $2,220,351 MQR Marquee Resource Ltd 0.009 0% 0% -18% -18% $5,024,723 MRR Minrex Resources Ltd 0.008 0% 0% 0% -11% $8,678,940 DTM Dart Mining NL 0.003 0% 0% -70% -84% $4,792,222 EMS Eastern Metals 0.01 0% 0% -33% -68% $1,394,262 IMI Infinitymining 0.009 0% 0% -10% -44% $3,807,142 TEM Tempest Minerals 0.005 0% 25% 0% -44% $5,508,975 EMC Everest Metals Corp 0.135 0% 4% -7% 8% $32,499,032 OB1 Orbminco Limited 0.001 0% 0% -40% -60% $3,402,568 KOR Korab Resources 0.008 0% 0% 0% 0% $2,936,400 CMX Chemxmaterials 0.026 0% 0% 0% -42% $3,354,580 ENV Enova Mining Limited 0.006 0% -25% 20% -40% $8,745,600 AVW Avira Resources Ltd 0.007 0% 0% -65% -65% $1,610,000 NWM Norwest Minerals 0.014 0% 17% 9% -44% $14,525,378 RGL Riversgold 0.004 0% 0% 33% -33% $6,734,850 THR Thor Energy PLC 0.009 0% 0% -22% -44% $6,397,109 ODE Odessa Minerals Ltd 0.006 0% -14% -8% 140% $9,597,195 AZI Altamin Limited 0.019 0% -10% -14% -42% $10,915,555 LNR Lanthanein Resources 0.001 0% 33% -47% -67% $2,810,182 CLZ Classic Min Ltd 0.001 0% 0% 0% 0% $3,017,699 PEK Peak Rare Earths Ltd 0.31 0% 11% 114% 102% $133,466,467 TAR Taruga Minerals 0.008 0% 14% -11% -11% $5,710,032 DRE Dreadnought Resources Ltd 0.011 0% 10% -8% -52% $55,874,500 KFM Kingfisher Mining 0.047 0% -6% 31% -33% $2,524,605 GRL Godolphin Resources 0.011 0% 22% -21% -21% $5,386,480 LNR Lanthanein Resources 0.001 0% 33% -47% -67% $2,810,182 EV1 Evolutionenergy 0.016 0% 33% -16% -48% $5,802,408 OM1 Omnia Metals Group 0.012 0% 0% -85% -85% $2,605,100 LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047 SRN Surefire Rescs NL 0.002 0% 0% -40% -66% $6,457,219 LU7 Lithium Universe Ltd 0.007 0% 17% -30% -55% $6,551,857 TMX Terrain Minerals 0.0025 0% 25% -38% -17% $6,329,536 ANX Anax Metals Ltd 0.007 0% 0% -30% -73% $6,179,653 RON Roninresourcesltd 0.15 0% -9% -23% 25% $6,056,252 ASR Asra Minerals Ltd 0.002 0% 0% -33% -67% $8,000,396 AEE Aura Energy 0.165 0% 6% 6% 18% $151,427,524 AMD Arrow Minerals 0.02 0% 0% -55% -67% $17,555,332 CUL Cullen Resources 0.005 0% 67% 0% -33% $3,467,009 HWK Hawk Resources. 0.02 0% 33% -9% -44% $5,418,589 ORN Orion Minerals Ltd 0.01 0% 0% -33% -41% $72,816,361 SER Strategic Energy 0.006 0% -8% -25% -60% $4,697,233 SVY Stavely Minerals Ltd 0.019 0% 73% 6% -30% $10,336,800 SVM Sovereign Metals 0.74 -1% 13% -2% 13% $488,438,721 NST Northern Star 16.305 -1% -18% -6% 16% $23,813,905,145 QGL Quantum Graphite 0.49 -1% 2% 5% -15% $165,594,537 KNI Kunikolimited 0.093 -1% -19% -44% -54% $8,083,957 DEV Devex Resources Ltd 0.086 -1% 9% -10% -66% $38,868,779 ASL Andean Silver 1.365 -1% 31% 41% 80% $221,489,388 HAS Hastings Tech Met 0.29 -2% 9% -5% -15% $59,073,040 DVP Develop Global Ltd 4.6 -2% -4% 107% 145% $1,530,301,137 CHR Charger Metals 0.05 -2% 14% -25% -18% $3,948,433 SLM Solismineralsltd 0.081 -2% -8% 21% -40% $11,427,494 BUR Burleyminerals 0.04 -2% -13% -49% -61% $7,366,692 WA1 Wa1Resourcesltd 17.34 -3% 21% 31% 16% $1,167,687,454 ABX ABX Group Limited 0.038 -3% -5% -16% -31% $9,571,497 RVT Richmond Vanadium 0.073 -3% -26% -56% -76% $15,772,687 PSC Prospect Res Ltd 0.18 -3% 16% 87% 44% $129,608,628 PFE Pantera Lithium 0.018 -3% 50% 6% -39% $8,764,998 QPM QPM Energy Limited 0.035 -3% 0% -50% 0% $102,523,345 EFE Eastern Resources 0.031 -3% 0% -3% -38% $3,908,788 A11 Atlantic Lithium 0.155 -3% -3% -38% -59% $103,972,097 FG1 Flynngold 0.029 -3% -9% 16% 0% $11,348,178 HMX Hammer Metals Ltd 0.029 -3% -9% -6% -28% $26,632,761 SFM Santa Fe Minerals 0.27 -4% 671% 694% 744% $21,117,449 OD6 Od6Metalsltd 0.026 -4% 0% -61% -47% $4,172,167 1AE Auroraenergymetals 0.049 -4% -11% -18% -25% $8,774,123 MLX Metals X Limited 0.655 -4% 24% 44% 49% $571,722,542 BMM Bayanminingandmin 0.063 -5% 80% 26% -7% $6,879,941 ARL Ardea Resources Ltd 0.41 -5% 3% 15% -15% $85,217,231 RAG Ragnar Metals Ltd 0.02 -5% 0% 3% 0% $9,479,720 AXE Archer Materials 0.285 -5% 24% -35% -8% $72,631,399 S2R S2 Resources 0.0665 -5% 2% -11% -40% $32,996,123 EVR Ev Resources Ltd 0.0095 -5% 36% 280% 88% $20,047,530 ARN Aldoro Resources 0.35 -5% 8% 23% 332% $64,182,702 SRZ Stellar Resources 0.017 -6% 13% 21% -15% $35,355,760 PUR Pursuit Minerals 0.067 -6% 81% -18% -55% $6,682,176 ICL Iceni Gold 0.066 -6% 12% -6% 0% $22,657,892 RMX Red Mount Min Ltd 0.008 -6% -11% 0% -20% $4,658,367 AX8 Accelerate Resources 0.008 -6% 33% -27% -33% $6,537,510 ZNC Zenith Minerals Ltd 0.032 -6% -14% -29% -40% $16,942,576 CRI Critica ltd 0.016 -6% -6% -16% -11% $45,869,097 1MC Morella Corporation 0.015 -6% -12% -38% -65% $5,526,435 M24 Mamba Exploration 0.015 -6% 20% -12% 25% $4,722,650 AUZ Australian Mines Ltd 0.007 -7% -22% -42% -22% $12,832,591 ETM Energy Transition 0.0475 -7% 10% -40% 138% $71,364,799 MTC Metalstech Ltd 0.135 -7% -4% 0% -40% $29,977,420 EGR Ecograf Limited 0.335 -7% 20% 264% 191% $154,438,818 ESR Estrella Res Ltd 0.04 -7% -23% 54% 900% $84,306,531 LLM Loyal Metals Ltd 0.2 -7% 54% 111% 60% $21,573,943 FBM Future Battery 0.026 -7% 44% 0% 4% $14,809,543 LML Lincoln Minerals 0.0065 -7% 30% 8% 8% $13,666,703 A8G Australasian Metals 0.062 -7% -6% -17% -23% $3,589,163 FLG Flagship Min Ltd 0.055 -8% 22% 28% -32% $13,196,926 NH3 Nh3Cleanenergyltd 0.055 -8% 112% 206% 323% $34,366,799 PGM Platina Resources 0.021 -9% 5% 11% -16% $13,086,787 LRV Larvottoresources 0.725 -9% 33% 8% 504% $299,001,368 CNB Carnaby Resource Ltd 0.41 -9% 12% 19% -23% $95,923,321 SBR Sabre Resources 0.009 -10% 13% 6% -36% $3,550,157 SRI Sipa Resources Ltd 0.018 -10% 29% 29% 0% $7,495,170 WR1 Winsome Resources 0.18 -10% 44% -63% -70% $47,573,848 LCY Legacy Iron Ore 0.009 -10% 0% 0% -48% $87,858,383 MNB Minbos Resources Ltd 0.045 -10% 7% -18% -32% $44,852,282 GBR Greatbould Resources 0.06 -10% -5% 28% 11% $58,927,864 ARU Arafura Rare Earths 0.1925 -10% 17% 54% 1% $492,865,738 BUX Buxton Resources Ltd 0.042 -11% 8% 5% -48% $13,744,236 MHK Metalhawk. 0.37 -11% -20% 12% 612% $46,272,211 LEG Legend Mining 0.008 -11% 33% -20% -38% $23,315,817 M2R Miramar 0.004 -11% 33% 0% -64% $2,990,470 SRL Sunrise 1.32 -12% 103% 313% 207% $147,101,074 VMC Venus Metals Cor Ltd 0.105 -13% -5% 62% 21% $21,574,155 PNT Panthermetalsltd 0.0095 -14% -27% 6% -62% $3,009,045 QEM QEM Limited 0.029 -15% -24% -59% -78% $6,855,610 DYM Dynamicmetalslimited 0.23 -15% -10% -15% 35% $9,816,868 MTM Metallium Ltd 0.74 -15% 17% 190% 1847% $380,883,366 KAI Kairos Minerals Ltd 0.025 -17% -22% 79% 194% $67,088,261 HRE Heavy Rare Earths 0.046 -18% 35% 53% 60% $9,361,525 AQD Ausquest Limited 0.044 -19% -24% 83% 313% $61,242,106 MOH Moho Resources 0.004 -20% 0% -20% -20% $3,727,070 CRR Critical Resources 0.004 -20% 14% -33% -56% $13,850,427 ARR American Rare Earths 0.345 -21% 41% 21% 28% $206,518,936 CMO Cosmometalslimited 0.018 -22% 6% 21% -60% $5,798,441 REE Rarex Limited 0.0205 -24% 8% 156% 37% $18,403,280 BNR Bulletin Res Ltd 0.046 -25% -19% 28% -6% $17,029,573 BYH Bryah Resources Ltd 0.006 -25% -50% 50% 33% $6,001,195 AOA Ausmon Resorces 0.0015 -25% -25% 0% -50% $2,622,427 ENT Enterprise Metals 0.002 -33% -33% -33% -33% $3,428,293 AYM Australia United Min 0.002 -33% 0% 0% -33% $3,685,155 Weekly Small Cap Standouts Helix Resources (ASX:HLX) HLX is zeroing in on two distinct copper-gold systems at the White Hills project in Arizona, US, with a combination of geophysical, geological and geochemical results. Two geological formations meet on the project's tenure. Management reckons there's evidence of copper at the northern end of the Arizona Arc formation, while a fault-style gold system sits at the southern end of the Walker Lane gold trend, both within the project area. "With growing interest and policy support for domestic copper production in the U.S., the project is ideally positioned to benefit from this momentum,' executive chairman Mike Povey said. While prices are not soaring the same as gold, the red metal is currently fetching between US$4.50-5.50/lb at the time of writing, reflecting a big arbitrage weighted to the US market, with tariffs on the horizon. Vanadium Resources (ASX:VR8) The company has signed an offtake agreement for the supply of 100,000 tonnes of vanadium-rich magnetite direct shipping ore (DSO) each month from the world-class Steelpoortdrift vanadium project in South Africa. The offtake positions VR8 to transition from developer to producer and is a fillip as the company advances its near-term cash flow strategy aimed at unlocking value from Steelpoortdrift's vast JORC resource, while preserving the flexibility to pursue full-scale development as market conditions improve. Due to the absence of a standard spot price for the DSO product, the agreement, which is valid for two years, is also conditional on subsidiary VanRes finalising pricing terms with CPAL by August 30, 2025. Executive chairman Jurie Wessels said alongside this negotiations with other potential offtakers are also progressing. 'These may lead to the staged or full-scale development of beneficiation through concentration capacity, enabling the production of higher-grade ore,' he said. 'Concurrently, we are assessing commercialisation opportunities with entities that possess downstream processing capabilities.' Patriot Battery Metals (ASX:PMT) This week the company confirmed that the Shaakichiuwaanaan project in Canada hosts the world's largest pollucite-hosted caesium pegmatite deposit. PMT declared a maiden Caesium Zone resource estimate of 163,000t at 10.25% caesium, 1.78% lithium, and 646 ppm tantalum (indicated) at the Rigel zone, and 530,000t at 2.61% caesium, 2.23% lithium, and 172 ppm tantalum (indicated) at the Vega zone. President, CEO and managing director Ken Brinsden said what's particularly existing for investors is that the addressable market for caesium appears to be at a key inflexion point, 'with its ability to improve the efficiency and stability of next generation terrestrial solar technologies having the potential to drive a massive increase in global demand.' 'Shaakichiuwaanaan stands to play a driving role in the growth of this exciting new market,' he said. 'As we finalise the maiden lithium-only Feasibility Study for the CV5 Pegmatite, we are excited to start work on unlocking the enormous potential of the caesium resource.' Shaakichiuwaanaan is already North America's largest hard rock spodumene hosted lithium resource. At Stockhead, we tell it like it is. While Renascor Resources, Kingsland Minerals, iTech Minerals, Buxton Resources and Green Critical Minerals are Stockhead advertisers, they did not sponsor this article.
Perth Now
an hour ago
- Perth Now
Lee's in the mix after steady Scottish Open start
Australia's recent major winner Minjee Lee has made a solid start to her Women's Scottish Open tilt by posting a four-under par 68 to stand two shots off the lead after day one. Lee, who won her third major at last month's US PGA Championship, is in a large group sharing third place that includes American world No.1 Nelly Korda after Thursday's first-round of action at Dundonald Links. Five players are in a share of second with Ireland's Leona Maguire, Japan's Rio Takeda, Spain's Nuria Iturrioz, England's Lottie Woad and Thailand's Arpichaya Yubol all on five-under-par. England's Charlotte Laffar, who carded eight birdies and two bogeys in getting to a six-under 66, holds the outright lead. Former world No.1 amateur Woad, had held top spot on her own after six birdies in 14 holes, including almost holing her tee shot at the short 11th. But the 21-year-old's only bogey of the day at the par-four 17th dropped her back into the group sharing second, which includes Ireland's Maguire - herself a former No.1 -ranked amateur, after signing for a 67. Perth star Lee is making her ninth assault on the Women's Scottish Open with the world No.5 never having finished worse than tied 18th in the event.
The Advertiser
an hour ago
- The Advertiser
Risk of higher US tariffs looms despite beef deal
Australia's move to lift restrictions on US beef is unlikely to shift the dial on tariff negotiations, as the nation's products face the possibility of even steeper duties. The Albanese government will allow access to US beef that has been raised in Canada or Mexico but processed in America, following a safety review. Australia is subject to a baseline 10 per cent tariff applied by the Trump administration and has been keeping an eye on the trade negotiations of other countries. AMP chief economist Shane Oliver said Donald Trump's flagged higher tariffs might include the nation's exports. "The risk for Australia is that we may be lucky to hang on to 10 per cent, which could actually turn out to be higher," he told AAP. "This (beef decision) might help us hang on to 10 per cent or avoid a worse outcome, but I don't think there's any guarantees of that." American beef was banned from Australia almost two decades ago following an outbreak of mad cow disease. Mr Trump has pressured the government to ease restrictions as Labor argues for an exemption from the tariffs as part of the US president's deepening trade war. Former ambassador to the US Arthur Sinodinos said while biosecurity investigations can take a while to finalise, it was a "sensible outcome". "The challenge here is it doesn't look like we're putting together a package deal," he said. "It'd be better if there was a package approach to this if we're seeking to gather an overall trade outcome with the US." Australian Farm Institute executive director Katie McRobert said the cattle industry has been "extremely nervous" about biosecurity traceability from different parts of the north and South America regions. "We wouldn't expect a significant impact on Australian producers from the potential to import American beef ... because we already produce far more beef in Australia than we can possibly eat," she said. Trade Minister Don Farrell said he didn't have any meetings scheduled with American counterparts after last meeting US trade representative Jamieson Greer on the sidelines of an OECD ministerial meeting in Paris in June. Senator Farrell said Mr Greer didn't raise beef concerns at that meeting. "We believe that America should lift those tariffs on Australia, there's no justification whatsoever for the United States to apply tariffs to Australia," he told reporters in Canberra on Thursday. "We have a free trade agreement, that agreement makes it very clear that it's a tariff free arrangement." Senator Farrell also denied the move was to create a bargaining chip. The Philippines and Japan recently struck agreements with the US to lower their tariff rates, but both are still above the 10 per cent baseline. Australia's move to lift restrictions on US beef is unlikely to shift the dial on tariff negotiations, as the nation's products face the possibility of even steeper duties. The Albanese government will allow access to US beef that has been raised in Canada or Mexico but processed in America, following a safety review. Australia is subject to a baseline 10 per cent tariff applied by the Trump administration and has been keeping an eye on the trade negotiations of other countries. AMP chief economist Shane Oliver said Donald Trump's flagged higher tariffs might include the nation's exports. "The risk for Australia is that we may be lucky to hang on to 10 per cent, which could actually turn out to be higher," he told AAP. "This (beef decision) might help us hang on to 10 per cent or avoid a worse outcome, but I don't think there's any guarantees of that." American beef was banned from Australia almost two decades ago following an outbreak of mad cow disease. Mr Trump has pressured the government to ease restrictions as Labor argues for an exemption from the tariffs as part of the US president's deepening trade war. Former ambassador to the US Arthur Sinodinos said while biosecurity investigations can take a while to finalise, it was a "sensible outcome". "The challenge here is it doesn't look like we're putting together a package deal," he said. "It'd be better if there was a package approach to this if we're seeking to gather an overall trade outcome with the US." Australian Farm Institute executive director Katie McRobert said the cattle industry has been "extremely nervous" about biosecurity traceability from different parts of the north and South America regions. "We wouldn't expect a significant impact on Australian producers from the potential to import American beef ... because we already produce far more beef in Australia than we can possibly eat," she said. Trade Minister Don Farrell said he didn't have any meetings scheduled with American counterparts after last meeting US trade representative Jamieson Greer on the sidelines of an OECD ministerial meeting in Paris in June. Senator Farrell said Mr Greer didn't raise beef concerns at that meeting. "We believe that America should lift those tariffs on Australia, there's no justification whatsoever for the United States to apply tariffs to Australia," he told reporters in Canberra on Thursday. "We have a free trade agreement, that agreement makes it very clear that it's a tariff free arrangement." Senator Farrell also denied the move was to create a bargaining chip. The Philippines and Japan recently struck agreements with the US to lower their tariff rates, but both are still above the 10 per cent baseline. Australia's move to lift restrictions on US beef is unlikely to shift the dial on tariff negotiations, as the nation's products face the possibility of even steeper duties. The Albanese government will allow access to US beef that has been raised in Canada or Mexico but processed in America, following a safety review. Australia is subject to a baseline 10 per cent tariff applied by the Trump administration and has been keeping an eye on the trade negotiations of other countries. AMP chief economist Shane Oliver said Donald Trump's flagged higher tariffs might include the nation's exports. "The risk for Australia is that we may be lucky to hang on to 10 per cent, which could actually turn out to be higher," he told AAP. "This (beef decision) might help us hang on to 10 per cent or avoid a worse outcome, but I don't think there's any guarantees of that." American beef was banned from Australia almost two decades ago following an outbreak of mad cow disease. Mr Trump has pressured the government to ease restrictions as Labor argues for an exemption from the tariffs as part of the US president's deepening trade war. Former ambassador to the US Arthur Sinodinos said while biosecurity investigations can take a while to finalise, it was a "sensible outcome". "The challenge here is it doesn't look like we're putting together a package deal," he said. "It'd be better if there was a package approach to this if we're seeking to gather an overall trade outcome with the US." Australian Farm Institute executive director Katie McRobert said the cattle industry has been "extremely nervous" about biosecurity traceability from different parts of the north and South America regions. "We wouldn't expect a significant impact on Australian producers from the potential to import American beef ... because we already produce far more beef in Australia than we can possibly eat," she said. Trade Minister Don Farrell said he didn't have any meetings scheduled with American counterparts after last meeting US trade representative Jamieson Greer on the sidelines of an OECD ministerial meeting in Paris in June. Senator Farrell said Mr Greer didn't raise beef concerns at that meeting. "We believe that America should lift those tariffs on Australia, there's no justification whatsoever for the United States to apply tariffs to Australia," he told reporters in Canberra on Thursday. "We have a free trade agreement, that agreement makes it very clear that it's a tariff free arrangement." Senator Farrell also denied the move was to create a bargaining chip. The Philippines and Japan recently struck agreements with the US to lower their tariff rates, but both are still above the 10 per cent baseline. Australia's move to lift restrictions on US beef is unlikely to shift the dial on tariff negotiations, as the nation's products face the possibility of even steeper duties. The Albanese government will allow access to US beef that has been raised in Canada or Mexico but processed in America, following a safety review. Australia is subject to a baseline 10 per cent tariff applied by the Trump administration and has been keeping an eye on the trade negotiations of other countries. AMP chief economist Shane Oliver said Donald Trump's flagged higher tariffs might include the nation's exports. "The risk for Australia is that we may be lucky to hang on to 10 per cent, which could actually turn out to be higher," he told AAP. "This (beef decision) might help us hang on to 10 per cent or avoid a worse outcome, but I don't think there's any guarantees of that." American beef was banned from Australia almost two decades ago following an outbreak of mad cow disease. Mr Trump has pressured the government to ease restrictions as Labor argues for an exemption from the tariffs as part of the US president's deepening trade war. Former ambassador to the US Arthur Sinodinos said while biosecurity investigations can take a while to finalise, it was a "sensible outcome". "The challenge here is it doesn't look like we're putting together a package deal," he said. "It'd be better if there was a package approach to this if we're seeking to gather an overall trade outcome with the US." Australian Farm Institute executive director Katie McRobert said the cattle industry has been "extremely nervous" about biosecurity traceability from different parts of the north and South America regions. "We wouldn't expect a significant impact on Australian producers from the potential to import American beef ... because we already produce far more beef in Australia than we can possibly eat," she said. Trade Minister Don Farrell said he didn't have any meetings scheduled with American counterparts after last meeting US trade representative Jamieson Greer on the sidelines of an OECD ministerial meeting in Paris in June. Senator Farrell said Mr Greer didn't raise beef concerns at that meeting. "We believe that America should lift those tariffs on Australia, there's no justification whatsoever for the United States to apply tariffs to Australia," he told reporters in Canberra on Thursday. "We have a free trade agreement, that agreement makes it very clear that it's a tariff free arrangement." Senator Farrell also denied the move was to create a bargaining chip. The Philippines and Japan recently struck agreements with the US to lower their tariff rates, but both are still above the 10 per cent baseline.
