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News.com.au
2 hours ago
- News.com.au
‘Stay the course': Aussies warned of the pitfalls of switching to cash during market falls
A simple mistake is costing the average Aussie thousands of dollars in retirement savings each year – and one super fund is sounding the alarm. Modelling released by Aware Super using their high growth or conservative balance option shows Australians could double their superannuation savings by simply staying in their investment strategy instead of moving during market downturns. The analysis shows Australians who stayed invested in High Growth super investment options during the GFC in 2008, rather than switching to cash, saw their super balance more than double by 2025. A retiree who stays in a more conservatively-balanced pension option, rather than switching to cash, would now have $8500 a year more in retirement income, Aware Super said. This is even with the ASX getting smashed on 'Black Monday' when the global financial crisis hit the local market – dragging it down 16.4 per cent in a single week and nearly 50 per cent over between late 2007 and early 2009. Aware Super chief investment officer Damian Graham said staying invested in the right superannuation option for your life stage was key, as was understanding that market ups and downs are just a normal part of the investment cycle. 'Australians understandably get nervous when sharemarkets wobble, but history shows that trying to 'time the market' by switching to cash can put a serious dent in your retirement savings,' Mr Graham said. 'The most important thing is to not let short-term market noise push you into decisions that could hurt your long-term retirement goals. 'We want every Australian to have the guidance and confidence they need to build and enjoy the retirement they've earned.' Mr Graham said the same holds true during the recent Covid-19 downturn with those in a high growth option who switched to cash now $58,000 worse off for every $100,000 they had in their superannuation. Australians who are in a conservative balanced strategy, who could have lost $113,000 by switching to cash during Covid. Mr Graham said despite the volatility in the current markets off the back of unrest in the Middle-East and US President Donald Trump's tariff policy, history suggests members could be better off if they look at the long-term strategy over short-term downturns. 'Key to Aware's performance was its long-term investment strategy and diversified portfolio, which spreads investments across a range of asset classes, markets and countries, exposing more market opportunities and helping to limit losses if there are falls in any one part of the portfolio,' he said.
ABC News
6 hours ago
- ABC News
Indonesia to sign $52.3b trade pact with US in effort to avoid higher tariffs
Indonesia will sign a trade and investment pact worth $52.3 billion ($US34 billion) with the United States in an effort to avoid tougher tariffs due next week. The deal, set to be signed on July 7, will mean Indonesia increases imports of US fuels and will see investment by Indonesian companies in energy and agriculture sectors in the US, according to the Indonesian Chief Economic Minister Airlangga Hartarto. Flag carrier Garuda Indonesia also said it was in talks to buy up to 75 jets from Boeing. Indonesia is facing a 32 per cent tariff in US markets and has previously offered to increase US imports to facilitate trade talks between the two sides. US President Donald Trump announced sweeping global levies on goods brought into the US in April, throwing world stockmarkets into chaos, but the majority of the tariffs were paused for 90 days. Mr Trump announced a deal with Vietnam on Wednesday, under which the country would face a minimum 20 per cent tariff, down from the original 46 per cent. Mr Hartarto said on Thursday by addressing the trade balance with the United States, Indonesia hoped to get a better trade deal than the one struck with Vietnam. "This shows that government, regulators, state-owned enterprises and the private sector are together in responding to the imposition of US reciprocal tariffs," he said. Meanwhile, Garuda's potential jet purchase may include 737 Max 8 and 787 jets, its chief executive Wamildan Tsani said. It was unclear whether Garuda's discussion with Boeing was part of the tariff negotiations. The United States is one of Indonesia's top trading partners, and Jakarta enjoyed a $25.5 billion ($US16.8 billion) trade surplus with Washington in 2024, according to Indonesian government data. Data from the US trade representative office shows Washington's goods trade deficit with Jakarta was $27.2 billion ($US17.9 billion) in 2024, up 5.4 per cent increase on the year prior. The US-Vietnam deal came a week before the threatened US reimposition of steep tariffs on dozens of economies, including the European Union and Japan. Many countries are still scrambling to reach deals with Washington that would protect them from the measures. Those higher tariffs are part of a package Mr Trump initially imposed citing a lack of "reciprocity" in trading relationships, before announcing a temporary lowering to 10 per cent. Since then, Washington has announced a pact with Britain and a deal to temporarily lower retaliatory duties with China. — Reuters/AFP
News.com.au
7 hours ago
- News.com.au
High Voltage: Lithium prices – and stocks – jump after market moves in China
Lithium stocks surged in a manic ASX trading day on Thursday Price jump reported for spodumene and carbonate in China could be behind the optimism It's risky, but have investors correctly picked the bottom? Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium. Lithium stocks rose 10% yesterday off the back of an increase in spot prices, driven by a run in the Chinese futures market. Finally something for the bag holders to cling to. Fastmarkets' 6% lithia spodumene price lifted from US$633/t to US$667.50/t overnight Wednesday, and carbonate was up slightly from US$8100 to US$8200/t. The price increase followed a surge on the GFEX, China's main lithium futures exchange and strengthened market sentiment. Global sentiment is also positive, even with an oversupply of lithium depressing prices (generally) demand growth is forecast to soar. That saw market bellwether Pilbara Minerals (ASX:PLS) run a remarkable 11.3% higher on Thursday, with Mineral Resources (ASX:MIN) up 7.8%. Liontown Resources (ASX:LTR) climbed 5% and IGO (ASX:IGO) rose 4.4%. Earlier this week, the Department of Industry, Science and Resources released its Resources and energy quarterly report, which flagged that Australia's lithium export earnings are forecast to increase from $4.6 billion in 2024–25 to $6.6 billion in 2026–27. That's largely driven by a growth in export volumes, with Australian mine output expected to grow by more than 7% a year to 2027. Compare that to global demand, expected to grow almost 15% a year to 2027, and outstripping supply growth at 14%. 'The accumulated surplus will persist to 2027 and possibly beyond,' the report said. But with low prices persisting, more product could well come out of the market, stirring a real price recovery as demand continues to increase. 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 >>> Code Company Price % Week Market Cap XTC XTC Lithium Limited 0.2 19900% $17,528,272 AGY Argosy Minerals Ltd 0.028 87% $27,662,498 LLM Loyal Metals Ltd 0.24 85% $23,168,604 PUR Pursuit Minerals 0.068 79% $6,682,176 LSR Lodestar Minerals 0.0105 75% $3,343,450 ANX Anax Metals Ltd 0.007 75% $5,296,845 VMLDB Vital Metals Limited 0.084 68% $10,257,416 ADDDB Adavale Resource Ltd 0.032 60% $3,659,647 IXR Ionic Rare Earths 0.0155 55% $68,476,535 WMG Western Mines 0.2 54% $20,809,494 BCA Black Canyon Limited 0.16 52% $20,744,111 AX8 Accelerate Resources 0.009 50% $7,354,698 ENT Enterprise Metals 0.003 50% $4,113,952 AOA Ausmon Resorces 0.0015 50% $1,966,820 EUR European Lithium Ltd 0.069 41% $92,491,614 AS2 Askarimetalslimited 0.007 40% $2,829,195 CZN Corazon Ltd 0.002 33% $2,369,145 GT1 Greentechnology 0.024 33% $9,503,401 WC8 Wildcat Resources 0.18 33% $220,533,792 PTR Petratherm Ltd 0.35 32% $117,849,022 GAL Galileo Mining Ltd 0.13 30% $22,726,867 SRL Sunrise 1.15 29% $128,478,555 PMT Patriotbatterymetals 0.2925 27% $148,309,409 CXO Core Lithium 0.11 26% $225,016,632 GLN Galan Lithium Ltd 0.1175 25% $114,957,408 TON Triton Min Ltd 0.005 25% $7,841,944 EV1 Evolutionenergy 0.015 25% $5,077,107 LKE Lake Resources 0.032 23% $54,094,494 PNT Panthermetalsltd 0.016 23% $4,814,473 WR1 Winsome Resources 0.16 23% $31,096,415 TKM Trek Metals Ltd 0.105 22% $56,421,395 SRI Sipa Resources Ltd 0.017 21% $6,037,776 SYA Sayona Mining Ltd 0.017 21% $196,236,032 OCN Oceanalithiumlimited 0.068 21% $10,459,689 LML Lincoln Minerals 0.006 20% $12,615,418 SLZ Sultan Resources Ltd 0.006 20% $1,388,819 PFE Pantera Lithium 0.012 20% $5,685,404 HRE Heavy Rare Earths 0.043 19% $8,945,457 GRE Greentechmetals 0.05 19% $5,669,757 PLS Pilbara Min Ltd 1.48 19% $4,408,564,108 MIN Mineral Resources. 23.88 18% $4,457,041,939 OM1 Omnia Metals Group 0.013 18% $2,605,100 ETM Energy Transition 0.055 17% $80,673,251 FLG Flagship Min Ltd 0.062 17% $13,196,926 IPT Impact Minerals 0.007 17% $25,709,645 CNB Carnaby Resource Ltd 0.42 17% $94,781,376 LRV Larvottoresources 0.665 17% $282,434,040 EMT Emetals Limited 0.0035 17% $2,975,000 PLL Piedmont Lithium Inc 0.1025 16% $52,795,335 FRS Forrestaniaresources 0.086 16% $27,325,974 WA1 Wa1Resourcesltd 16.9 16% $1,119,341,777 BUX Buxton Resources Ltd 0.044 16% $14,033,581 MHC Manhattan Corp Ltd 0.022 16% $4,697,978 ARU Arafura Rare Earths 0.19 15% $431,257,521 ARN Aldoro Resources 0.355 15% $60,449,119 EVR Ev Resources Ltd 0.008 14% $15,886,693 M2R Miramar 0.004 14% $3,987,293 TAR Taruga Minerals 0.008 14% $5,710,032 NVX Novonix Limited 0.4225 14% $260,841,696 KM1 Kalimetalslimited 0.086 14% $6,462,102 GL1 Globallith 0.165 14% $39,259,818 INF Infinity Lithium 0.017 13% $8,034,066 AXE Archer Materials 0.26 13% $61,163,283 SGQ St George Min Ltd 0.035 13% $93,548,785 SBR Sabre Resources 0.009 13% $3,550,157 ASL Andean Silver 1.08 13% $162,743,099 AM7 Arcadia Minerals 0.018 13% $1,995,518 GSM Golden State Mining 0.009 13% $2,514,336 LCY Legacy Iron Ore 0.009 13% $87,858,383 CHN Chalice Mining Ltd 1.7875 12% $663,290,674 HAS Hastings Tech Met 0.285 12% $52,882,518 S32 South32 Limited 3.165 11% $14,051,341,578 NWC New World Resources 0.0635 11% $225,116,749 ASN Anson Resources Ltd 0.049 11% $66,563,354 LIT Livium Ltd 0.01 11% $15,214,564 RNU Renascor Res Ltd 0.06 11% $150,046,107 VR8 Vanadium Resources 0.02 11% $11,285,837 IMI Infinitymining 0.01 11% $4,653,174 ABX ABX Group Limited 0.04 11% $9,571,497 ICL Iceni Gold 0.06 11% $21,971,289 DVP Develop Global Ltd 5.04 11% $1,628,818,378 ADV Ardiden Ltd 0.16 10% $10,002,801 PNN Power Minerals Ltd 0.065 10% $8,023,852 AZL Arizona Lithium Ltd 0.0055 10% $31,621,887 GED Golden Deeps 0.022 10% $3,808,203 BOA BOA Resources Ltd 0.022 10% $2,713,763 ILU Iluka Resources 3.83 10% $1,615,529,319 ARL Ardea Resources Ltd 0.4 10% $85,217,231 TMB Tambourahmetals 0.023 10% $3,530,161 CAE Cannindah Resources 0.024 9% $16,017,759 MEI Meteoric Resources 0.12 9% $280,483,534 NMT Neometals Ltd 0.075 9% $55,398,606 ASM Ausstratmaterials 0.565 9% $98,830,672 IGO IGO Limited 4.275 9% $3,135,088,746 PVW PVW Res Ltd 0.013 8% $2,585,762 CLA Celsius Resource Ltd 0.0065 8% $20,380,675 GW1 Greenwing Resources 0.026 8% $7,618,691 LM1 Leeuwin Metals Ltd 0.135 8% $13,104,830 BHP BHP Group Limited 38.9 8% $188,826,911,142 PAT Patriot Resourcesltd 0.056 8% $8,961,257 TLG Talga Group Ltd 0.43 8% $188,656,106 LTR Liontown Resources 0.73 7% $1,700,583,486 STM Sunstone Metals Ltd 0.015 7% $91,263,892 CHR Charger Metals 0.046 7% $3,251,651 EFE Eastern Resources 0.031 7% $3,908,788 1MC Morella Corporation 0.016 7% $5,832,111 SYR Syrah Resources 0.265 6% $265,772,428 SYR Syrah Resources 0.265 6% $265,772,428 DYM Dynamicmetalslimited 0.27 6% $13,252,772 MAN Mandrake Res Ltd 0.019 6% $11,290,679 WIN WIN Metals 0.019 6% $11,001,168 GRL Godolphin Resources 0.0095 6% $4,264,296 RXL Rox Resources 0.29 5% $205,238,425 HAW Hawthorn Resources 0.058 5% $19,430,906 RAG Ragnar Metals Ltd 0.02 5% $9,479,720 VHM Vhmlimited 0.2 5% $50,713,990 MLX Metals X Limited 0.5625 5% $478,651,431 JMS Jupiter Mines. 0.205 5% $392,208,352 PGM Platina Resources 0.021 5% $13,086,787 PSC Prospect Res Ltd 0.1675 5% $119,099,820 KZR Kalamazoo Resources 0.092 5% $19,745,417 VUL Vulcan Energy 3.75 4% $795,969,276 KFM Kingfisher Mining 0.05 4% $2,685,750 FGR First Graphene Ltd 0.026 4% $19,469,152 M24 Mamba Exploration 0.013 4% $3,837,153 KNG Kingsland Minerals 0.079 4% $5,877,434 PBL Parabellumresources 0.055 4% $3,364,200 NIC Nickel Industries 0.73 4% $3,103,769,151 PEK Peak Rare Earths Ltd 0.295 4% $123,840,727 PEK Peak Rare Earths Ltd 0.295 4% $123,840,727 TOR Torque Met 0.15 3% $78,986,572 SRZ Stellar Resources 0.016 3% $33,276,009 KNI Kunikolimited 0.097 3% $8,431,654 BC8 Black Cat Syndicate 0.815 3% $566,037,538 INR Ioneer Ltd 0.1 3% $254,937,907 NH3 Nh3Cleanenergyltd 0.034 3% $16,938,144 S2R S2 Resources 0.068 3% $34,016,785 KOB Kobaresourceslimited 0.034 3% $5,607,305 DEV Devex Resources Ltd 0.075 3% $34,010,182 QEM QEM Limited 0.038 3% $8,746,813 FBM Future Battery 0.019 3% $12,116,899 FRB Firebird Metals 0.08 3% $11,388,912 CY5 Cygnus Metals Ltd 0.089 2% $95,693,596 NC1 Nicoresourceslimited 0.09 2% $11,110,552 AR3 Austrare 0.052 2% $10,811,356 COB Cobalt Blue Ltd 0.055 2% $23,131,620 STK Strickland Metals 0.1425 2% $328,042,171 MTM MTM Critical Metals 0.645 2% $304,806,431 A8G Australasian Metals 0.067 2% $3,878,612 ATM Aneka Tambang 1.125 1% $1,447,050 IDA Indiana Resources 0.085 1% $53,989,526 RIL Redivium Limited 0.004 0% $13,609,422 LPD Lepidico Ltd 0.002 0% $17,178,371 MRD Mount Ridley Mines 0.002 0% $1,556,978 RLC Reedy Lagoon Corp. 0.002 0% $1,553,413 MNS Magnis Energy Tech 0.042 0% $50,378,922 BKT Black Rock Mining 0.024 0% $33,877,841 VRC Volt Resources Ltd 0.004 0% $18,739,398 AXN Alliance Nickel Ltd 0.035 0% $25,404,387 NTU Northern Min Ltd 0.03 0% $250,714,675 JRV Jervois Global Ltd 0.011 0% $29,730,402 CTM Centaurus Metals Ltd 0.35 0% $171,361,918 AUZ Australian Mines Ltd 0.011 0% $15,383,633 LEL Lithenergy 0.37 0% $41,440,581 AQD Ausquest Limited 0.055 0% $75,160,091 MRC Mineral Commodities 0.026 0% $25,596,288 EMH European Metals Hldg 0.16 0% $33,191,153 BMM Bayanminingandmin 0.035 0% $3,603,439 LEG Legend Mining 0.007 0% $20,380,340 MOH Moho Resources 0.004 0% $2,981,656 WKT Walkabout Resources 0.095 0% $63,769,838 VMC Venus Metals Cor Ltd 0.105 0% $20,593,512 CNJ Conico Ltd 0.007 0% $1,905,020 PVT Pivotal Metals Ltd 0.009 0% $8,618,646 SMX Strata Minerals 0.012 0% $2,938,226 EMS Eastern Metals 0.01 0% $1,394,262 CTN Catalina Resources 0.004 0% $9,704,076 TEM Tempest Minerals 0.004 0% $4,407,180 OB1 Orbminco Limited 0.001 0% $3,402,568 LMG Latrobe Magnesium 0.008 0% $21,012,720 KOR Korab Resources 0.008 0% $2,936,400 CMX Chemxmaterials 0.026 0% $3,354,580 CMO Cosmometalslimited 0.018 0% $5,798,441 OMH OM Holdings Limited 0.285 0% $218,383,188 KGD Kula Gold Limited 0.007 0% $6,448,776 CRR Critical Resources 0.003 0% $8,310,256 SCN Scorpion Minerals 0.019 0% $8,384,899 AKN Auking Mining Ltd 0.007 0% $4,023,451 RR1 Reach Resources Ltd 0.008 0% $7,869,882 KAI Kairos Minerals Ltd 0.029 0% $76,296,453 NWM Norwest Minerals 0.012 0% $10,651,944 RAS Ragusa Minerals Ltd 0.014 0% $1,996,383 RGL Riversgold 0.004 0% $6,734,850 THR Thor Energy PLC 0.01 0% $5,686,319 ODE Odessa Minerals Ltd 0.006 0% $9,597,195 AZI Altamin Limited 0.019 0% $10,915,555 LNR Lanthanein Resources 0.001 0% $2,810,182 CLZ Classic Min Ltd 0.001 0% $3,017,699 CRI Criticaltd 0.016 0% $37,764,280 RR1 Reach Resources Ltd 0.008 0% $7,869,882 DRE Dreadnought Resources Ltd 0.009 0% $40,636,000 DM1 Desert Metals 0.021 0% $9,288,018 KTA Krakatoa Resources 0.012 0% $8,316,950 LNR Lanthanein Resources 0.001 0% $2,810,182 LLL Leolithiumlimited 0.332997 0% $401,204,047 SRN Surefire Rescs NL 0.002 0% $4,972,891 WSR Westar Resources 0.005 0% $1,993,624 REC Rechargemetals 0.013 0% $3,854,850 TMX Terrain Minerals 0.002 0% $5,063,629 RON Roninresourcesltd 0.155 0% $5,652,501 ASR Asra Minerals Ltd 0.002 0% $8,000,396 FTL Firetail Resources 0.076 -1% $28,882,126 LOT Lotus Resources Ltd 0.1875 -1% $462,122,117 DLI Delta Lithium 0.1675 -1% $111,063,978 GBR Greatbould Resources 0.062 -2% $57,057,138 IPX Iperionx Limited 4.47 -2% $1,436,476,064 BM8 Battery Age Minerals 0.052 -2% $6,582,158 1AE Auroraenergymetals 0.051 -2% $9,311,314 IG6 Internationalgraphit 0.05 -2% $9,097,242 CWX Carawine Resources 0.096 -2% $22,668,043 SLM Solismineralsltd 0.084 -2% $12,556,136 E25 Element 25 Ltd 0.205 -2% $48,008,604 WC1 Westcobarmetals 0.0165 -3% $3,542,451 ITM Itech Minerals Ltd 0.029 -3% $5,125,062 BNR Bulletin Res Ltd 0.056 -3% $16,442,346 VTM Victory Metals Ltd 0.825 -4% $95,524,451 OD6 Od6Metalsltd 0.025 -4% $4,172,167 ARR American Rare Earths 0.24 -4% $124,318,708 CDT Castle Minerals 0.07 -4% $8,584,708 ESR Estrella Res Ltd 0.046 -4% $96,441,973 GCM Green Critical Min 0.022 -4% $49,088,566 LIN Lindian Resources 0.095 -5% $111,688,535 NVA Nova Minerals Ltd 0.3175 -5% $103,359,173 TVN Tivan Limited 0.087 -5% $179,900,371 AVL Aust Vanadium Ltd 0.0085 -6% $73,394,594 RMX Red Mount Min Ltd 0.0085 -6% $3,719,662 QPM QPM Energy Limited 0.034 -6% $83,334,571 MLS Metals Australia 0.017 -6% $12,388,232 ZNC Zenith Minerals Ltd 0.034 -6% $14,412,955 SUM Summitminerals 0.034 -6% $3,011,587 MRR Minrex Resources Ltd 0.008 -6% $8,678,940 FG1 Flynngold 0.03 -6% $11,348,178 ENV Enova Mining Limited 0.0075 -6% $11,660,801 PGD Peregrine Gold 0.15 -6% $12,727,161 MEK Meeka Metals Limited 0.145 -6% $422,777,250 A11 Atlantic Lithium 0.145 -6% $100,506,360 EMC Everest Metals Corp 0.13 -7% $31,378,376 LYC Lynas Rare Earths 8.415 -7% $7,801,626,912 EMN Euromanganese 0.18 -8% $11,121,992 YAR Yari Minerals Ltd 0.012 -8% $6,656,538 MHK Metalhawk. 0.395 -8% $45,038,285 RVT Richmond Vanadium 0.077 -8% $16,429,883 LPM Lithium Plus 0.053 -9% $7,040,520 EG1 Evergreenlithium 0.028 -10% $6,587,495 REE Rarex Limited 0.018 -10% $16,562,952 MQR Marquee Resource Ltd 0.009 -10% $5,024,723 RBX Resource B 0.027 -10% $3,109,981 WCN White Cliff Min Ltd 0.0215 -10% $53,094,495 EVG Evion Group NL 0.017 -11% $7,393,640 AAJ Aruma Resources Ltd 0.008 -11% $2,787,494 BUR Burleyminerals 0.044 -12% $8,103,362 AVW Avira Resources Ltd 0.007 -13% $1,610,000 FIN FIN Resources Ltd 0.0035 -13% $2,432,110 JLL Jindalee Lithium Ltd 0.345 -14% $27,555,442 DTM Dart Mining NL 0.003 -14% $3,594,167 LU7 Lithium Universe Ltd 0.006 -14% $4,679,898 EGR Ecograf Limited 0.25 -15% $120,344,932 BSX Blackstone Ltd 0.077 -16% $108,892,297 ALY Alchemy Resource Ltd 0.005 -17% $5,890,381 G88 Golden Mile Res Ltd 0.01 -17% $5,986,726 L1M Lightning Minerals 0.042 -30% $4,339,789 QXR Qx Resources Limited 0.002 -33% $2,620,658 BYH Bryah Resources Ltd 0.008 -33% $10,439,442 TKL Traka Resources 0.001 -50% $2,125,790 PRL Province Resources 0 -100% $0 POS Poseidon Nick Ltd 0 -100% $23,380,727 AML Aeon Metals Ltd. 0 -100% $5,482,003 LRS Latin Resources Ltd 0 -100% $477,661,711 CAI Calidus Resources 0 -100% $93,678,206 ASO Aston Minerals Ltd 0 -100% $28,491,414 LTM Arcadium Lithium PLC 0 -100% $1,994,929,982 Weekly Small Cap Standouts Black Canyon (ASX:BCA) The company says RC drilling at its Wandanya project has confirmed the presence of large manganese and iron mineralising systems with assays expected through July and August. Manganese mineralisation has now been delineated along 2km of strike by the drill program and remains open to the north and east. Plus, shallow to outcropping hematite dominated iron was also intersected in multiple drill holes over hundreds of metres strike and remains open to the north. The company says it confirmed an exciting commodity diversification opportunity, with further drilling to extend and delineate these targets planned for August 2025. 'We are pleased to update that the program has been highly successful in advancing the understanding and confidence for both scale and grade for both commodities,' MD Brendan Cummins said. 'From an exploration perspective it rarely gets better than this when every hole drilled yields important information about the key parameters of the mineralisation that include potential grade, thickness, depth of cover and areal extents of the manganese and iron enrichment. 'What I find most remarkable is the consistency of the geology and mineralisation over thousands of metres, and in most circumstances is yet to be closed off. 'We look forward to updating the market as assay results come to hand over the coming weeks.' Lake has completed the front-end engineering design (FEED) study for the delivery of power to its flagship Kachi lithium brine project in Argentina. The study provides a solution for Kachi's electrical interconnection to the Argentine national grid, including proposed infrastructure routing, system specifications, and integration options tailored to Kachi's projected power demands. It's a solid milestone in the company's development plans for the project. Lake also welcomed the recent announcement by YPF Luz and Central Puerto S.A., which have signed a strategic agreement to jointly develop an electrical interconnection project aimed at enhancing power infrastructure and enabling sustainable mining growth in Argentina's Puna Region, which includes the Kachi site. 'The broader infrastructure initiative between YPF Luz and Central Puerto underscores the importance of bringing grid power to this region of Argentina to enable development of the country's resources in remote areas for Argentina to secure itself as a global leader in lithium supply,' CEO David Dickson said. The company says recent drilling at its Kameelburg rare earths and niobium project in Namibia has extended mineralisation to the north by a further 300m. The project has previously been compared to Niobec Saint-Honoré, which has has a resource of 640Mt at 0.41% niobium and 1.63% TREO. Notable new intercepts include: 193m grading 1.74% total rare earth oxides, 0,23% niobium pentoxide and 229ppm molybdenum in the upper REE dominant layer and 46m at 0.76% TREO and 0.45% Nb in the lower niobium dominant layer (ND002A); 35m at 1.6% TREO, 0.28% Nb and 225ppm Mo in the upper layer and two separate intersections of 30m at 0.81% TREO and 0.46% Nb and 58m at 0.92% TREO and 0.28% Nb in the lower layer (ND003); and 10m at 2.78% TREO, 0.24% Nb and 88ppm Mo in the upper layer and 330m at 0.95% TREO, 0.27% Nb and 130ppm Mo (ND006B). Aldoro is also acquiring two new diamond drill rigs which will arrive on site in September 2025 and are expected to enable the company to increase the drill depth from the current maximum of 510m to about 740m.
