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Lunch Wrap: ASX flirts with record as gold tops US$4k; Lynas lifts off again

• ASX inches toward record as gold glitters
• Ford cuts Liontown supply, Lynas climbs
• GyG sizzles, Elders slips on ACCC call

  By lunchtime in the east, the ASX was up around 0.5%, sitting less than 100 points shy of a record high.

  Wall Street had handed over a decent lead, another tech-led rally that looked more like momentum than conviction.

  Back home, ASX investors piled into mining, discretionary and tech names this morning.

  Gold blew through US$4,000 an ounce, a level that’s as much psychological as it is historical. Silver and platinum joined in, confirming that the market’s inflation hedge is alive and well.

  Lithium stocks, meanwhile, rallied hard.

  This was despite Ford Motor’s decision to halve its lithium purchases from Liontown Resources (ASX:LTR) and delay deliveries until 2029.

  The revised agreement pushes out repayments on Liontown’s $300m loan, giving the company some breathing room but raising questions about the stability of its offtake book. LTR shares edged up 0.7%.

   

  

   

  In other large cap news, Lynas (ASX:LYC) rose 2% after teaming up with Noveon Magnetics to supply the US defence sector, a move that strengthens its positioning as the China alternative. Lynas’ stock has already tripled this year.

  Guzman y Gomez (ASX:GYG) jumped over 5% after reaffirming guidance and announcing a $100m buyback. Not bad for a company that only listed a few months ago. Sales were up 18.6% for the quarter, and expansion plans remain on track.

  And, agricultural companyElders (ASX:ELD) tumbled 5% after the ACCC approved its $475m Delta Ag buy, with conditions. The regulator made Elders offload six WA stores to keep things “competitive”.

   

  ASX LEADERS

  Today’s best performing stocks (including small caps) intraday:

   

  Security	Description	Last	%	Volume	MktCap

  14D	1414 Degrees Limited	0.064	33%	11,305,756	$15,714,361
  1AD	Adalta Limited	0.003	25%	713,497	$3,073,744
  A8G	Australasian Metals	0.140	27%	129,438	$6,367,870
  AIV	Activex Limited	0.022	29%	12,747	$3,663,544
  AM5	Antares Metals	0.011	22%	8,000,228	$4,633,676
  AOK	Australian Oil.	0.003	20%	25,060	$2,653,207
  AYT	Austin Metals Ltd	0.005	25%	11,595,335	$6,336,765
  BLZ	Blaze Minerals Ltd	0.003	20%	168,333	$7,187,500
  BM8	Battery Age Minerals	0.220	29%	3,637,723	$30,921,610
  C7A	Clara Resources	0.005	25%	4,247,424	$2,973,180
  CUF	Cufe Ltd	0.017	21%	3,113,321	$18,852,048
  FIN	FIN Resources Ltd	0.009	29%	2,248,965	$4,864,219
  I88	Infini Resources Ltd	0.655	185%	13,413,443	$15,795,135
  INR	Ioneer Ltd	0.260	21%	18,007,523	$573,579,073
  MEU	Marmota Limited	0.072	41%	47,751,609	$60,093,595
  MRQ	Mrg Metals Limited	0.005	25%	4,210,400	$10,906,075
  NAE	New Age Exploration	0.003	50%	1,329,394	$5,411,823
  ODE	Odessa Minerals Ltd	0.010	25%	5,610,131	$12,796,260
  RLC	Reedy Lagoon Corp.	0.003	20%	1,329,477	$1,941,767
  SOR	Strategic Elements	0.078	18%	1,777,472	$31,277,338
  SPQ	Superior Resources	0.011	22%	5,873,189	$21,338,845
  STK	Strickland Metals	0.200	29%	13,856,130	$350,665,769
  TMX	Terrain Minerals	0.005	25%	1,996,153	$10,727,257
  VR8	Vanadium Resources	0.046	21%	4,679,974	$23,739,235

   

   

  Infini Resources (ASX:I88) has intersected extensive uranium zones at its Portland Creek Project in Newfoundland, confirming a large hydrothermal system with strong structural control.
  Key hole PCDD25-012 returned multiple uranium-rich zones between 28m and 312m, including uraninite hits grading up to 1.2% U. Another hole delivered 2.38% molybdenum, pointing to a broader polymetallic system. The company says results validate its exploration model, with only two of 12 high-priority targets drilled so far. Assays are due in Q4 2025.

  Marmota (ASX:MEU) has hit more bonanza-grade gold at its Greenewood discovery, just 35km from its flagship Aurora Tank project. The second batch of assays from its maiden drilling program delivered standout results, including 4m at 43g/t gold from 64m within a broader 28m at 6.5g/t hit – the highest intersection recorded at Greenewood to date. The results confirm a near-continuous high-grade zone now stretching over 900m. Twelve of the 17 best intercepts came from this latest batch, even though it covered just one-third of the total holes drilled.

  1414 Degrees (ASX:14D) has secured an exclusive global licence from George Washington University for a patented silicon nanoparticle (SiNTL) technology that could dramatically improve lithium-ion battery performance. The tech uses aluminium-coated silicon nanoparticles with up to 10 times the theoretical capacity of graphite anodes, offering potential for higher energy density, faster charging and longer life. It’s also cheaper and safer to produce, using a simple low-temperature process without hazardous gases. This acquisition expands 1414 Degrees’ silicon platform into the fast-growing battery materials market.

   

  ASX LAGGARDS

  Today’s worst performing stocks (including small caps) intraday:

   

  Code	Name	Price	% Change	Volume	Market Cap

  CBY	Canterbury Resources	0.025	-14%	136,176	$6,015,786
  CGO	CPT Global Limited	0.084	-16%	2,000	$4,189,737
  CHM	Chimeric Therapeutic	0.004	-13%	775,121	$13,018,235
  COB	Cobalt Blue Ltd	0.105	-13%	2,122,180	$59,343,409
  DTZ	Dotz Nano Ltd	0.070	-17%	244,360	$52,709,100
  EAT	Entertainment	0.002	-33%	1,050,000	$3,926,358
  ENT	Enterprise Metals	0.007	-13%	984,386	$11,953,205
  FND	Findi Limited	2.930	-11%	713,275	$203,944,029
  MEL	Metgasco Ltd	0.002	-20%	447	$4,592,717
  MTL	Mantle Minerals Ltd	0.002	-25%	1,550,000	$14,466,230
  NTM	Nt Minerals Limited	0.002	-33%	3,508,178	$3,632,709
  OCA	Oceania Healthc Ltd	0.570	-11%	5,157	$463,507,859
  PIL	Peppermint Inv Ltd	0.002	-33%	100,000	$7,527,062
  PUR	Pursuit Minerals	0.082	-22%	2,318,851	$10,594,566
  RKB	Rokeby Resources Ltd	0.004	-20%	36,757	$9,129,409
  SFG	Seafarms Group Ltd	0.002	-25%	2,034,175	$9,673,198
  SPX	Spenda Limited	0.004	-13%	1,914,190	$18,460,862
  TKL	Traka Resources	0.002	-33%	737,492	$7,266,417
  VAR	Variscan Mines Ltd	0.005	-17%	40,301	$7,482,954
  VEN	Vintage Energy	0.004	-11%	40,000	$9,391,111
  VFX	Visionflex Group Ltd	0.002	-20%	500	$8,447,870
  WSR	Westar Resources	0.009	-15%	30,000	$3,987,248
  ZMM	Zimi Ltd	0.008	-11%	500,000	$6,624,394

   

   

  IN CASE YOU MISSED IT

  Moab Minerals (ASX:MOM) is acquiring Imbas Mining and its interest in the historic Sasare gold and copper project in Zambia, an historical producer prior to WW2.

  HyTerra (ASX:HYT)has recorded elevated flowing hydrogen and helium gas shows at the McCoy 1 Well in its Project Nemaha acreage in Kansas, USA.

  Final data from Dimerix’s (ASX:DXB) PARASOL collaboration has reinforced proteinuria-based endpoints in its phase III ACTION3 trial of lead drug DMX-200 in FSGS.

  West Australian explorer Octava Minerals (ASX:OCT) is confident it can prove up the State’s next major source of critical minerals.

  Explorer West Coast Silver (ASX:WCE) has begun a new round of drilling at its Elizabeth Hill project to follow on from bonanza intersections.

  Taruga Minerals (ASX:TAR) has uncovered a new prospect at its Uaroo East project in WA, hosting a 1km-long strike of gold and copper mineralisation.

   

  LAST ORDERS

  Kingsland Minerals (ASX:KNG) has kicked off metallurgical drilling at the Leliyn graphite project, collecting about 6000kg of samples for test work. The data will support optimisations of crushing, grinding and flotation parameters for Leliyn graphite processing.

  Godolphin Resources (ASX:GRL) has closed out an entitlement offer at 83% oversubscription, raising $3.124 million compared to GRL’s original target of $1.68 million.

  The investor vote of confidence follows the definition of a 9.83Mt resource for the Lewis Ponds gold silver project at 1.49g/t gold, 66.15g/t silver, 2.46% zinc, 1.38% lead and 0.15% copper.

  Hot Chili (ASX:HCH) has secured approval to expand a drilling program across the La Verde copper-gold discovery, about 30km south of the Costa Fuego copper-gold project.

  HCH’s current drilling program is testing depth extensions to higher grade centres within a 0.2% copper discovery footprint, stretching over a 1km by 750-metre zone. Two of the 11-hole program are already complete, with assays pending.

   

  At Stockhead, we tell it like it is. While Kinsgland Minerals, Godolphin Resources and Hot Chili are Stockhead advertisers, they did not sponsor this article. 

  This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.