StockTake: Cannindah Resources
An evaluation of historical data and recent surface mapping and sampling pointed towards potential extensions of the Cannindah Breccia resource, and features both in and outside the current resource controlling the locations of high-grade copper are now presenting fresh targets for a next round of drilling.
Watch the video to learn more.
This video was developed in collaboration with Cannindah Resources, a Stockhead advertiser at the time of publishing.
This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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ABC News
36 minutes ago
- ABC News
BTN Newsbreak 23/07/2025
AI SCAMS First up, AI scams. Experts say they're on the rise, and one CEO is particularly worried. This is Open AI's CEO, you know the company behind ChatGPT, and today, he shared his fears about the future of AI scams. Look, scams aren't a new problem. Just last year, Australians lost more than two billion dollars to them. And new data shows the Australian Financial Complaints Authority has received more than 100,000 complaints for a second year running. But thanks to AI, scams are only getting more sophisticated and believable. Experts say the best way to beat AI scams is critical thinking. Asking yourself: does this actually seem like the person I think it is? Does the scenario seem realistic? Families are also being encouraged to create a safeword, a word you can ask someone to say when you're unsure about their identity. UNESCO US President Donald Trump has decided to pull the US out of UNESCO, the UN's culture and education agency. According to the White House, UNESCO's values are at odds with President Trump's America First Policy. It's not the first time he's done it. Mr Trump originally pulled the US out of UNESCO back in 2017 during his first term as president. But a couple of years ago, that decision was reversed by Joe Biden, who was the president at the time. UNESCO's director general says while she's upset by the decision, she was kind of expecting it. HECS DEBT Now that parliament's returned everyone is talking about Labor's election promise to reduce student loans. Yep, today legislation has been introduced to parliament to reduce student debt. It was one of Labor's big promises ahead of this years election proposing a one-off, 20% reduction to all outstanding loans. Now, if it passes about 3 million Aussies who have debts from studying at university, or debts from doing things like apprenticeships will have their debt reduced! You see, here in Australia, it costs money to go to university but Aussie students can apply for HELP, which lets you borrow money from the government and pay off your debt bit by bit once you start earning a certain amount of money. But over the years, the cost of uni has gone up, making student debts more and more expensive so there have been a lot of calls for a reduction of student debt like this one. Meanwhile others aren't too happy with the idea because it'll cost the budget 16 billion dollars. Money that they reckon should be spent elsewhere. NIGERIA ROBOTS First up, to a robotics competition in Nigeria. Where young inventors are showing off robots they've designed to solve specific problems. Among the inventions was a land mine detecting robot, a tractor slash irrigator for farmers, and a prototype fire truck dubbed the "firebot". SHIPWRECK Now to a partial shipwreck on a remote beach in Scotland. A local schoolboy discovered it last year, and it's taken researchers until now to work out – it's actually a 250 year old wreck from an old navy boat turned whaling boat called the Earl of Chatham. BUTTER SCULPTURES And finally to these sculptures made entirely out of butter at the Ohio State fair in the US. The butter cow is a bit of a tradition here with the butter being donated by dairy farmers, and according to organisers it'll all be recycled once the fair is over.
News.com.au
3 hours ago
- News.com.au
PM will honour a big election promise as he moves to tackle cost of living
Anthony Albanese will move to freeze beer taxes on Thursday honouring his election pitch to tackle the cost of living. The Prime Minister confirmed during the election that 'we will freeze the indexation on draught beer excise for two years' in what he described as a win for beer drinkers and hospitality businesses. With schooners and pints tracking closer to $15 and $20 in major cities, publicans have expressed fears the steep prices are driving customers away. It follows warnings that a half of the cost of a $59.99 slab of Coopers Pale Ale was going to the taxman. On Thursday, the Albanese Labor Government will table tariff proposals to stop the excise and customs duty on beer from increasing from 1 August. The Albanese government has confirmed it will amend the legislation to temporarily pause the indexation on excise and customs duty. The pause on indexation for excise and customs duty will be in place for two years from 1 August 2025. The Albanese Government said that the excise and customs tariff proposals tabled in Parliament will be ratified by primary legislation to be introduced in coming months. However, the tariff proposal on Thursday will stop the price of beer increasing due to indexation until that freeze is legislated. 'Continuing to deliver cost of living relief to Australians is our number one priority,'' Mr Albanese told 'Freezing the excise on draught beer is a common sense measure that is good for beer drinkers, good for brewers and good for pubs.' Treasurer Jim Chalmers said the government remained focused on easing the cost of living for Australians. 'This will help take a bit of pressure off beer drinkers, brewers and bars,'' he said. 'Whether it's a tax cut for every taxpayer, help with energy bills, or the new relief that's rolling out this month like higher wages for award workers, we're doing everything we responsibly can to help with the cost of living.' understands the cost to the budget in tax revenue foregone will be $95 million over four years. But it's not all beer. It needs to be coming off tap in a licensed hospitality venue, so only schooners and pints of beer from your local watering hole will be blessed with a tax freeze. Those who prefer buying their beer, or any other alcohol, from the bottle-O can expect prices to keep rising. Last year Anthony Albanese said cutting beer taxes wasn't a priority for his government. 'We are not looking at that at the moment, but obviously in the lead-up to budgets, you have submissions and I'm sure that there'll be submissions along a whole range of ways,' he told 3AW. 'One of the things that we have to do though, is look at ways where we provide cost of living support, while putting downward pressure on inflation.' Health Minister Mark Butler was singing the same tune back then, insisting that the government's focus was on 'cheaper medicines, not beer'. Nationals leader's lonely call for action David Littleproud faced a backlash last year from senior Liberals after floating the prospect of a beer tax relief because the price was 'hitting a tipping point.' 'I'm part of the shadow expenditure review committee and our final taxation policy has not been determined,' he said. 'That will be determined by the National Party and the Liberal Party. That's why we'll be running the ruler over this. 'When we determine the taxation policy we'll take to the next election, it'll be a Coalition policy.' But the big idea was slammed down by the opposition treasury spokesman Angus Taylor. 'The starting point to reducing the pressure of indexation is to get inflation down,' Mr Taylor said. Opposition finance spokeswoman Jane Hume also wasn't a big fan. 'I always like the idea of free beer. But, unfortunately, that might not be the policy slogan that you'll be seeing us going into the election with,' she said. Ahead of the announcement, the Australian Hotels Association CEO Stephen Ferguson noted that beer and spirits tax quietly goes up twice a year every year and complained that the Government's only response is to refer pubs to the Australian Competition and Consumer Commission. 'Australia's beer tax is already the third highest in the OECD. There's also $38 tax on a $60 bottle of whisky or gin. That is outrageous and the voters are awake to it,'' Mr Ferguson said.
News.com.au
3 hours ago
- News.com.au
Labor to introduce new Bill to protect penalty, overtime rates for 2.6 million award workers
Labor will move to protect penalty and overtime rates for about 2.6 million workers, saying 'hardworking' Aussies rely on the entitlements to 'keep their heads above water'. Employment and Workplace Relations Minister Amanda Rishworth will introduce the Bill on Thursday, and urged the Greens and Coalition to support the proposed legislation. The law would prohibit the Fair Work Commission to reduce an overtime or penalty rate, or substitute the entitlements if it reduces the overall take-home pay a worker would otherwise receive. An award would not be able to be altered if there was evidence that even a single worker would be worse off under an arrangement which traded an overtime or penalty entitlement. Ms Rishworth said the change would protect about 2.6 million award-reliant workers. 'If you rely on the modern award safety net and work weekends, public holidays, early mornings or late nights, you deserve to have your wages protected,' she said. 'Millions of hardworking Australians rely on penalty rates and overtime rates to keep their heads above water, which is why this Bill is so critical and should receive the support of both the Opposition and the Greens.' The election promise was prompted by a FWC review launched the Australian Retailers Association to allow senior management to take a 25 per cent wage increase above minimum award entitlements in exchange for overtime, weekend and public holiday penalty rates and rest breaks. The move has been backed by the supermarket giants, plus beauty giant Mecca, as well as Kmart, Costco and 7-Eleven. Prior to the election, then employment minister Murray Watt wrote to the FWC to stop large retailers from cutting the entitlements, in a rare act of government intervention. Enshrining penalty rates was a key demand from the Australian Council of Trade Unions, with secretary Sally McManus previously arguing workers should be compensated for sacrificing their weekends. However, the legislation will likely will likely be opposed by the Coalition, with industrial relations and employment spokesman Tim Wilson stating the independent FWC was already responsible for ensuring 'workers get the best arrangements possible for a fair days work'. Instead he lashed Labor's proposed Bill as being politically motivated. 'There is no threat to penalty rates,' he said on Saturday. 'What there is, is a political focus of the Government that isn't focused towards improving the economic conditions to help small businesses grow, to enable them to go on and employ the next generation of workers, to give those first generation, those first jobs to young Australians so that they can be independent and be able to get on with their economic futures.'
