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Prefabricated modular data centre specialist DXN (ASX: DXN) continued its run of success by entering into a binding contract for $12.2 million with an AI compute operator for the design, engineering, manufacture, delivery, installation and commissioning of a two megawatt (MW) AI high-performance computing (HPC) modular data centre.
“This contract is a significant step forward for DXN. It is our second AI HPC award in as many months, materially larger than the first,” MD, Shalini Lagrutta, said.
“This win demonstrates that the AI HPC module platform we have productised over the last three years is translating into wins across both offshore and domestic markets. Delivering two MW of high-density GPU capacity on a single site is a meaningful uplift in scale for the product line.”
DXN umped 45.5% to 40.0¢.
Right Resources (ASX: RRE) was popular with investors after it reported that gold had been identified for the first time through modern exploration at the Blue prospect in New South Wales.
Systematic rock-chip sampling, laboratory soil geochemistry and geological mapping have confirmed gold within quartz and quartz-tourmaline veins across an extensive tungsten-bismuth-gold mineralised system.
MD, Graham Howard, said the laboratory results have converted what was already a large surface tungsten anomaly into a clearly defined series of tungsten, bismuth and gold targets.
“In an interpreted reduced intrusion-related system, these are the pathfinder elements expected to be present within a proximal position to the intrusive core. We now have a five km mineralised north-west trend, cross-cutting target zones and two top priority areas for further exploration identified.”
RRE was up 20.9% to 11.0c.
North Stawell Minerals’ (ASX:NSM) share price climbed after it extended high-grade gold with drilling at the Darlington prospect in Victoria.
A diamond drill hole intersected 0.4m at 17.1 grams per tonne (g/t) from 98.6m, more than 70m north of a previously reported high-grade intercept.
Executive director, Bill Reid, said the two high-grade hits had strengthened the geological, structural and mineralisation similarities between Darlington and the high-grade Mariners Lodes at Stawell, located approximately six km to the south.
“The historic Mariners Lodes at Stawell are a compelling target-type for NSM exploration – with reported historic production of 740,000 to 950,000 ounces of gold at an average grade of 28-30 g/t gold.”
NSM rose by 20.0% to 2.4¢ at the time of going to press.
Looking wider, the S&P/ASX 200 was up today, gaining 56.40 points or 0.62% to 9,115.30. Over the last five days, the index has gained 0.46% and is currently 1.95% off of its 52-week high.
Meanwhile, more than two-thirds of Australian voters believe foreign-funded activists and social media influencers should not be able to influence government tax policy, according to research conducted for the Minerals Council of Australia (MCA).
MCA CEO, Tania Constable, said a survey of 2045 Australian voters conducted by Insightfully earlier this year also found that 61 per cent of Australians were aware that social media influencers and activists aren’t held to the same regulatory and advertising standards as journalists and businesses.
Business owners even more strongly rejected foreign influence on tax policy, with 73 per cent disagreeing that activists and social media influencers funded by foreign groups should be able to influence government tax policy.
More than half of Australian voters agreed that social media influencers and activists are having too much influence on Australian political decision making, with Labor voters most likely to agree (57 per cent).
A strong majority (68 per cent) of voters agreed – and a third strongly agreed – that the Federal government should take any proposed major tax changes to an election so voters can make an informed decision.
That’s Monday’s HotCopper Market Trends, I’m Colin Sandell-Hay - see you for close.
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