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DXN (ASX:DXN) was popular with HotCopper followers after it announced it had been awarded a contract valued at approximately $1.2 million by the Solomon Islands Submarine Cable Company (SISCC).
The contract covers the design, manufacture, delivery, installation, and commissioning of a CLS supporting the Adamasia Cable System-1 (ACS-1) submarine cable project. The project forms part of the ACS-1 sub cable program, a government-financed initiative designed to reinforce security and resilience across the Pacific.
DXN’s managing director, Shalini Lagrutta, said this is a very strategically important infrastructure project. “The award reinforces DXN’s recognised capability in delivering modular cable landing station infrastructure and critical telecommunications facilities throughout Australia and the Pacific.
“At its core, this project carries significant strategic weight. The program is primarily financed by the Australian government and integrates with the Pacific Connect plan, further elevating the program’s importance.”
DXN was up 28.9% to 16.8¢ at the time of going to press.
CSL (ASX:CSL) was also up in the markets after it revealed it will undertake clinical trial work to confirm the efficacy and safety of immunoglobulin manufactured using its next-generation Horizon 2 process.
Horizon 2 is a patented, yield-enhancing technology that enables significantly greater production of immunoglobulin from the same base amount of plasma.
CSL expects clinical activities to commence in mid-2027, using material manufactured at its Broadmeadows facility. This will allow the clinical trial work to be undertaken in parallel with construction of the previously announced expansion of CSL’s Kankakee, Illinois manufacturing facility.
CSL jumped 6.92%, to $127.79 this morning.
On the resources front, Caspin Resources (ASX:CPN) took off after it reported it had hit high-grade tin in the Kelpie resource extension program at the Bygoo project in New South Wales. The outstanding RC drilling results came from the newly discovered Errol’s Zone, positioned outside the Kelpie resource, estimated at 3.94 million tonnes (Mt) at 0.50% tin for 19,300 tonnes of contained tin.
MD, Greg Miles, said the results continue to demonstrate the potential for resource growth with an upcoming updated estimate in the September quarter.
“Yet another stunning result for the 2026 Bygoo highlight reel. BRC061 included the highest individual metre grades ever drilled at the Kelpie Deposit, coming on the back of Caspin’s best-ever drill intersection in BRC05,” Mr Miles said.
“Given that tin is approximately four times the value of copper, these are fantastic results which demonstrate that the Kelpie Deposit, as currently defined, has significant growth potential,” Mr Miles then explained. “We are still in the middle of a great discovery story, a time when most value is created.”
CPN rose 19.1% to 12.5¢ on the positive news.
Looking wider, the ASX 200 was up today, gaining +1.19% to 9,053.90.
That’s Wednesday’s HotCopper Trends, I’m Colin Sandell-Hay - see you for close.
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