Futures suggest Australian shares are in for a dive today, with US reporting season well underway and with the US July Consumer Index Data set to be released in three days.
Investors are taking advantage of Apple’s declining shares after the tech giant recorded a dip in sales for its June quarter.
On home soil, here are some ASX-listed companies to keep an eye on today:
Voltaic Strategic Resources (VSR) has announced plans to commence a phase three drilling program at its Morpheus, Lewis, and Akira lithium targets at its Ti Tree project in Western Australia.
The company has planned a 3500-metre reverse circulation program to assess 18 priority targets previously mapped from geochemical testing.
“We are systematically advancing through our exploration program at Ti Tree and are pleased to advise that the ‘phase three’ program will commence ahead of schedule, starting later this week,” VSR CEO Michael Walshe said.
Shares in VSR last traded at 4 cents.
Energy Invictus (IVZ) has completed its CB23 2D seismic acquisition program at its Cabora Bassa project in Zimbabwe.
A total of 425 kilometres of high-quality 2D seismic data was acquired to provide enhanced coverage of prospects and leads Invictus identified in the eastern areas of its Cabora Bassa basin acreage.
“Following the full processing and interpretation of the new data we are aiming to mature those leads and add to our material prospect portfolio as candidates for future exploration drilling,” IVZ Managing Director Scott Macmillan.
Shares in IVZ last traded at 14 cents.
Ora Gold (OAU) has purchased Sipa Resources’ (SRI) Murchison project, which is contiguous with Ora’s existing tenure in Western Australia.
The project be sold for $1.4 million, comprising $600,000 in cash and $800,000 in Ora shares.
“We see this as a win for each party, for Sipa, it allows the company to focus on its remaining five projects in WA, as well as bolstering the cash balance of the company to support its upcoming exploration programs, while the Sipa tenure will add considerable scale to Ora’s project, where it is aggressively exploring and building its resource base in the Murchison,” Sipa Resources Managing Director Pip Darvall said.
Shares in OAU last traded at 1 cent.
Meanwhile, Encounter Resources (ENR) has extended its niobium-REE carbonatite with its first diamond tail assays confirming thick zones at its Crean target, in the West Arunta region of WA.
Assays from the diamond tail have extended from 34 metres at one per cent niobium pentoxide 0.6 per cent total rare earth oxides (TREO) to 68.8 metres at 0.8 per cent niobium pentoxide and 0.5 per cent TREO from 55 metres.
“The carbonatite mineralised system is thickening and becoming more coarse-grained to the east and it remains unconstrained, a follow-up RC drill program is on track to commence in August 2023,” ENR Managing Director Will Robinson said.
Shares in ENR last traded at 47 cents.
And Nickel Industries (NIC) has finished constructing its haul road linking its Hengjaya mine to the Indonesian Morowali Industrial Park (IMIP) in central
Sulawesi.
The company also completed the construction of a 70-metre double-lane bridge with a public road underpass near the entrance of the IMIP.
“After several years of hard work, we are delighted to have now completed this transformational piece of mine infrastructure that will enable the Hengjaya Mine to leverage the full strategic benefits of its proximity to the IMIP and see it become the largest single supplier of ore to the industrial park,” NIC Managing Director Justin Werner said.
Shares in NIC last traded at 82 cents.