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The ASX is expected to fall again on Thursday following the US Federal Reserve’s latest meeting, which dragged down US stocks overnight.
The Federal Reserve lifted its key interest rate by a quarter-point to its highest peak in 16 years, while Fed boss Jerome Powell signalled he saw no path to rate cuts, with a potential “mild recession” predicted.
Nonetheless, here are some ASX-listed companies to look out for today:
Anson Resources (ASN) has commenced site works at the Mineral Canyon and Sunburst wells in preparation for its Western Strategy mineral resource drilling program at its Paradox lithium project in Utah, USA.
The company aims to re-enter the two wells as part of its mineral resource expansion strategy in the Paradox Basin.
Anson confirmed it had all government approvals and had been cleared to start drilling at the completion of site works.
Shares in ASN last traded at 18 cents.
Also in the materials space, Infinity Mining (IMI) has announced plans to start drilling at its Brisbane nickel prospect in Western Australia in early June.
Under the program, IMI plans to drill 10 reverse circulation holes covering 1700 metres.
At the Brisbane prospect, 35 rock chip samples taken during 2022 returned up to 0.74 per cent nickel and 8918 parts per million (ppm) chromium.
Shares in IMI last traded at 16 cents.
Orbital Corporation (OEC) has signed a new engine development contract with Anduril Industries, which OEC said was one of the fastest-growing defence companies in the world.
The contract — worth around $3 million — will see Orbital UAV develop a new and larger engine configuration for Anduril’s future propulsion requirements.
Orbital UAV confirmed it expected first prototype engines to be supplied for ground testing by January 2024.
Shares in OEC last traded at 16 cents.
Meanwhile, National Australia Bank (NAB) has posted a profit increase of 17 per cent to just under $4.1 billion for the first half of 2023.
The cash earnings were largely attributed to a 19 per cent rise in the bank’s revenue.
The major bank also announced it would pay a first-half dividend of 83 cents a share — an increase on the 73 cents offered at the same time last year.
Shares in NAB last traded at $28.55.
And Pantera Minerals (PFE) has completed phase two RC drilling at its Weelarrana project in Western Australia.
The company completed a total of 90 holes for 2184 metres. The holes had an average depth of 24 metres, with depths ranging from 18-57 metres.
Pantera confirmed it submitted a total of 817 samples for assay, with results expected by the end of Q3, 2023.
Shares in PFE last traded at 8 cents.
