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With more than 600k average monthly users on the HotCopper forums, each and every discussion can move markets. That’s why getting in front of those red-hot trends is key for every trader worth their salt. In this daily HotCopper Trends column, we break down the top Oz stocks through each trading day.
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Through Week 25, red-hot ASX resources stocks are being driven by a surge in gold prices and sustained demand for copper. Amongst the winners in WK25 has been Ausgold (ASX:AUC), which obtained further thick, high-grade results supporting targeted resource growth at the Katanning Gold Project in WA.
Extensional drilling continues to intersect mineralisation with promising assay results from the Central Zone and Northern Zone in an expanded 58,000-metre reverse circulation and diamond drilling (DD) campaign.
Traders like the news; AUC has been up +0.57%, to 87.5c.
Elsewhere, Legacy Minerals (ASX:LGM) made a new gold discovery with further positive drilling assays as the company advances exploration in the Lachlan Fold Belt in New South Wales, and quickly topped HotCopper discussions.
Final assays from the Mascotte program at Mt Carrington have delivered gold up to 9.7 grams per tonne and broad mineralisation, confirming a new gold-silver system outside the current resource. CEO and MD Christopher Byrne said final assays from the maiden drilling have confirmed the promising discovery.
LGM was up +4.17%, to 12.5¢ at Tuesday lunchtime.
And on the tech side, WhiteHawk (ASX:WHK) is up after entering a strategic partnership agreement with Perth-based managed services provider Adisyn.
Under the agreement, WhiteHawk will use Adisyn as its in-country service delivery arm for IT and cyber services, leveraging all the WhiteHawk products and solutions. WhiteHawk is the first global online AI-based cybersecurity exchange enabling all businesses and organisations to take smart action to prevent cybercrime, fraud, and disruption, and mitigate the impacts continuously.
WHK was up +20% on the agreement, to 0.6¢.
Looking wider, the S&P/ASX 200 was lower today, dropping -0.43%.
That’s Tuesday’s
HotCopper Trends, I’m Colin Sandell-Hay – see you for close.
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