TMH Spotlight: ASX200 tracks lower as each sector dips

The ASX is tracking lower in midday trade, with all 11 sectors in the red. 

Despite miners being the heaviest drag on the market, Augustus Minerals (AUG) managed to buck the trend.

AUG lifted after confirming the presence of ironstones at its Ti-Tree lithium project in WA’s Gascoyne. Augustus shares climbed nearly 10 per cent on the news, to 28.5 cents.

Battery Age Minerals (BM8) has penned an early exploration agreement with Whitesand First Nation to begin drilling at its Falcon Lake lithium project in Ontario. 

The company announced that by working collaboratively with Indigenous communities, it can create long-lasting and mutually beneficial partnerships. BM8 was last trading at 45 cents.

De Grey Mining (DEG) has entered an exploration agreement with TSX-listed explorer Novo Resources.

The deal will see it expand its exploration footprint in the Mallina Basin in WA’s Pilbara region to more than 2500 square kilometres.

De Grey can earn 50 per cent of the Egina project by spending $25 million over four years. The company last traded at $1.37.

And Siren Gold’s (SNG) shares were on the rise after its ionic leach trial detected mineralisation below surface at its Sams Creek project in New Zealand. The company climbed 12.5 per cent to 8.1 cents.

Turning away from materials stocks, and The Calmer Co (CCO) has gained a 50 per cent uptick on the launch of its new eCommerce store in the United States to sell its FijiKava branded natural health products.

It comes following strong sales performances over the past quarter, with average daily sales figures of more than $2400. The Calmer Co’s shares were trading at 0.3 cents.  

And Helloworld Travel (HLO) has agreed to acquire Express Travel Group (ETG) from Tom Manwaring and Sintack for $70 million in cash and scrip. Company shares were last trading at $2.57.