The ASX edges lower as rate and oil nerves linger, with Ramelius jumping on its gold outlook and Telix sliding after a monster German deal.
The group churns out 285 barrels of oil equivalent per day in Austria, following a 35% increase in production from its Vienna Basin fields.
Telex and Germany’s ITM have agreed to merge in a deal worth up to $3.3 billion, thus creating a global leader in both isotope supply and radiotherapies.
DDH4 is planned to reach around 500 metres and is testing whether lithium-bearing brines extend beyond the areas already included in the MRE.
Portable XRF readings outlined copper enrichment over 74m from 77m to 151m downhole, with the interval averaging 940ppm Cu.
