The ASX is expected to open lower on Thursday after the US Federal Reserve overnight lifted interest rates by 0.25 percentage points — its ninth consecutive rates hike.
Despite the wave of fear caused by the US banking crisis, Federal Reserve Chairman Jerome Powell said it was too soon to affect “how monetary policy should respond”.
Nevertheless, here are some ASX-listed companies to look out for in today’s trade.
Winsome Resources (WR1) has revealed further assays from its Adina project in Quebec, confirming it as a “robust, high-grade” lithium project.
The latest intersections confirmed the “impressive tenor and thickness” of the lithium mineralisation through the Main Zone at the project.
“The consistency of grade and width through the core of the deposit is
very encouraging and gives encouragement for the future development of the project,” Winsome Managing Director Chris Evans said.
WR1 shares last traded at $1.45 on March 21.
Queensland Pacific (QPM) announced it secured an ore supply agreement with New Caledonian mining giant SMGM.
This agreement with SMGM includes the supply of up to 200,000 wet metric tonnes per annum.
QPM Managing Director Stephen Grocott said the Brisbane-based company was excited to form a “long-term partnership that delivers value to both” QPM and SMGM.
QPM shares last traded at 10 cents on March 21.
Emyria (EMD) has achieved “strong recruitment” for its phase three clinical trial to support the registration of EMD-RX5 as an over-the-counter medicine.
The company said 50 patients were successfully enrolled and more than 100 patients had been successfully screened as part of the trial.
EMD-RX5 is the company’s first ultra-pure CBD capsule treatment that aims to mitigate symptoms including mild stress and anxiety for patients with chronic health conditions.
EMD shares last traded at 18 cents on March 21.
In tech, Vection Technologies (VR1) has issued an update regarding its enterprise sales activities and total contract value (TCV) for the 2023 financial year to date.
The company said its FY23 TCV had increased to around $15 million — a rise of 50 per cent to the metric announced at the end of January 2023.
It attributed the rise largely to service agencies and the acquisition of new clients within the AEC and real estate sectors.
VR1 shares last traded at 4.1 cents on March 21.
Lastly, after falling more than 10 per cent in yesterday’s trade, Caprice Resources (CRS) has confirmed base metals potential through the final results of maiden drilling at its Lady Sampson project in WA.
The company said it hit anomalism and mineralisation over at least 600 metres of strike. Follow-up drilling is expected to take place in the next week or two.
“The imminent follow-up drilling will give further insight into continuity, metal
zonation, as well as depth and strike extents,” CRS Managing Director Andrew Muir said.
CRS shares last traded at 4.8 cents on March 21.