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The ASX is expected to open the new week lower due to lingering uncertainty, with crucial economic information and additional earnings reports set to be disclosed over the week.
This week, the Australian Bureau of Statistics will release its monthly and quarterly consumer price index.
Here are some ASX-listed companies to watch during Monday’s trade:
Los Cerros (LCL) has hit high-grade gold in its first diamond drill hole as part of a maiden drilling program at its Kusi prospect within its Ono project in Papua New Guinea.
The hole returned 15.2 metres at 4.45 grams per tonne (g/t) gold from 138.2 metres within a broader interval of 76.4 metres at 1.34 g/t gold from 106.9 metres.
Los Cerros said the new intersection was between significant historical intersections, and the company confirmed that Kusi trenching and regional mapping were ongoing.
Shares in LCL last traded at 3 cents.
Strandline Resources (STA) has completed its fifth shipment of heavy mineral concentrate, sending off 10,550 tonnes for $11.7 million.
It brings STA’s total exports to more than 46,000 tonnes of HMC since starting production at its Coburn mineral sands project in WA in November 2022.
Combined, the shipments have generated total revenue of around $48 million. Strandline said it was on track for another shipment in May 2023.
“We are delighted to have already generated ~$48 million in revenue so far, and we look forward to growing this as production continues to ramp up,” Strandline Managing Director Luke Graham said.
Shares in STA last traded at 34 cents.
Boss Energy (BOE) has announced it’s on track to become Australia’s next uranium producer, with progress at its Honeymoon project running on time and within budget.
The company confirmed it is fully funded through to production and boasts cash on hand of $103 million.
“With the outlook for the uranium price continuing to strengthen amid growing use of nuclear power and a shift away from Russian uranium, we are perfectly positioned as we prepare to move into the final stages of construction ahead of commissioning,” Boss Managing Director Duncan Craib commented.
Shares in BOE last traded at $2.27.
Meanwhile, Voltaic Strategic Resources (VSR) has had its program-of-work (POW) approved for maiden drilling at its Ti Tree project in Western Australia.
The company has identified more than 30 drill targets from initial rock chips, indicating the presence of very favourable lithium, caesium, and tantalum (LCT) geochemistry.
The program will target four areas of high-priority geochemical anomalism, where several pegmatites were mapped at surface and will include 1250 metres of reverse circulation (RC) drilling.
Shares in VSR last traded at 2.1 cents.
Restaurant Brands (RBD) has reported its first-quarter sales, highlighting a rise of 12 per cent for the three-month period to March 31, 2023, compared to the same time period last year.
Sales reached $308.6 million, up $33.2 million over the equivalent period last year, as the company continued to recover from the impacts of COVID-19.
RBD said the growth was supported by an additional 12 stores and stronger US and Australian dollars over the last year.
Shares in RBD last traded at $6.38.
