ASX Runners of the Week: Saferoads, Errawarra, | Australian Markets

The phrases Trump and tariffs would possibly by no means be uttered individually again, and the chief of the free world was again busy this week inflating the costs of his own nation’s vehicles by asserting a 25 per cent tariff on all vehicles and components not made in the United States. That’s a bummer for everybody concerned, as most components for US vehicles are nonetheless sourced internationally.

Meanwhile, simply the menace of Trump tariffs (TTs) on copper pushed the pink steel to new all-time highs of US$5.37 (A$8.54) per pound this week. The copper price is up some 30 per cent since the starting of the 12 months, becoming a member of the likes of the Chinese-controlled important minerals and secure haven treasured metals in the glory circle of the ASX’s few performers on the 12 months.

Fortunately for the United States, America produces its own copper and has lots of reserves able to faucet into ought to the tariffs eventuate.

Silver has been on a stealthy 50 per cent tear this 12 months, in keeping with gold’s wonderful run, although its $34.50 peak this week continues to be shy of its 1980 Hunt brothers’ $50 per ounce peak. The oil inheritance brothers famously cornered the silver market, pushing a spike in the safehaven steel which then crashed quickly, trigger the duo to go bankrupt.

A new crop of silver corporations is now seeing some market love, with one even popping up on this week’s ASX Runners of the Week podium.

The unstoppable yellow beast gold notched one more file high, enabling WA producer Gold Road Resources to notch a 25 per cent spike in its share price, after it shoved off South African three way partnership accomplice Gold Fields’ opportunistic takeover bid and shove it.

The Bulls N’ Bears Runners of the Week checklist this week options all these important and treasured metals darlings, nevertheless, the podium went to an unlikely darkish horse that blitzed the pack earlier this week.

Saferoads Holdings Ltd (ASX: SAF)

424% up (from 4.1c to 21.5c)

This week’s Bulls N’ Bears ASX Runner of the Week is highway security company….. Saferoads Holdings.

The company rocketed up on Tuesday after pocketing a cool $10.8 million from flogging its Road Safety Rental business to gear rent company Onsite Rentals Group.

Saferoads will pocket a helpful $4.6M in revenue from the sale, whereas concurrently slashing overheads. The company can now zero in on its core gig – crafting and promoting highway security gear. It has a portfolio of mental property that’s burgeoning in the industry.

The promote facet should have been significantly restricted because it took much less than $500,000 of stock traded to maneuver the highway security company’s share price up 424 per cent to a high of 21.5 cents from final Friday’s measly 4.1c close.

Understandably so, Saferoad was valued at some $1.8M final week.

The company additionally revealed plans to dish out a 10c-per-share particular dividend valued at $4.37M – whereas funnelling leftover money into working capital and a $3M product order from Onsite.

Could the shedding of its rental arms deadweight flip the script to profitability for the new market darling? A leaner operation constructed on patented limitations, indicators and visitors options will not be precisely what received the market buzzing, nevertheless it could possibly be a dividend that’s received the pundits drooling.

Errawarra Resources Limited (ASX: ERW)

228% up (from 2.5c to eight.2c)

Errawarra Resources strutted into silver this week – actually and figuratively. The Western Australian explorer noticed market motion when it acquired a 70per cent stake in its Elizabeth Hill silver project in the Pilbara.

The project, acquired from GreenTech Metals, was a severe previous producer of silver, pumping out some 1.2M ounces of silver from simply 16,000 tonnes of ore at a head grade of about 2194 grams per tonne silver. GreenTech achieved the end in a single 12 months, earlier than low costs killed it in 2000.

Historical drilling campaigns jagged a treasure trove of huge hits, together with 11.7 metres at a whopping 5371 grams per tonne (g/t) stilver from 13m, 24m at 1228 g/t silver from 64m, a prolonged 43m at 370g/t silver from floor and 24.8m part grading 915g/t silver from simply 2m.

The company’s shares leapt 228 per cent, hitting 8.2c on Tuesday from final week’s 2.5c close on a modest $750,000 of stock traded throughout the first two days.

The silver price’s 50 per cent surge no doubt lit the fuse for Errawarra to consolidate its 180-square-kilometre package deal round the mine – a first for any explorer in the area – which is on a main ultramafic complicated with untapped potential.

The project is in a granted mining lease, all its drilling approvals are in hand and new board heavy-hitter Robert Mosig is fast-tracking exploration.

Consultants are already dissecting the geology, drawing parallels to some world silver giants, which prompted Errawarre to foreshadow a title change to West Coast Silver that’s now in the works.

The company has been touting near-mine and regional upside, with speedy drilling primed to check a high-grade silver core. In a silver market this scorching, Elizabeth Hill’s glittering previous may spark a dazzling future and even a wave of new silver acquisitions destined for Runners of the Week glory.

RareX Limited (ASX: REE)

219% up (from 0.8c to 2.5c)

RareX Limited stormed the gates this week with one other sizeable 219 per cent surge. The company’s share price peaked at 2.5c from final week’s 0.8c close on a cracking $3.9M in trades this Tuesday, because it unveiled drill outcomes from its flagship Cummins Range gallium project to a salivating gallium-starved market.

The gorgeous gallium assays had been returned from a sprawling carbonatite pipe at its Cummins project in WA’s Kimberley area. Drilling at the historic prospect unearthed bonanza hits together with 74m at 123g/t gallium oxide, with a appreciable 2.4 per cent complete uncommon earth ores (TREO) and one other 186g/t scandium hit from floor with a high-grade kicker of 30m at 206g/t gallium oxide.

Another gap clocked 60m at 124g/t gallium oxide, peaking at 12m of 242g/t and an thrilling 99m intercept ran 10g/t gallium oxide from simply 1m deep.

One historic hit had a huge 6826 g/t (0.68 per cent) gallium oxide, which might be Australia’s richest gallium haul.

Gallium is a important mineral utilized in electronics, semiconductors and photo voltaic panels and was lately banned by China for export, which doubled its price to US$575/kg.

The gallium market is tipped to balloon from US$2.45 billion to US$21.53b by 2034, and RareX says it’s sitting fairly, with solely 25 per cent of the project’s historic drillings assayed for gallium – none of its RareX’s own. Added to that, it’s sitting in the prime 80m of the carbonatite pipe.

Nearly a quarter of RareX’s share register swapped fingers, it’s the largest quantity since mid-2020, as day merchants piled in. Management is bullish, saying Cummins Range is Australia’s most superior gallium deposit, already de-risked with heritage agreements, environmental research and mine planning.

The company has re-assaying underway and a 2025 drill program is on the horizon to chase near-mine anomalies and supply lots more catalysts to a hungry gallium market.

Belararox Limited (ASX: BRX)

160% up (from 12.5c to 32.5c)

Belararox Limited rounded out the Bulls N’ Bears Runners checklist this week with an spectacular a 160 per cent share price blast that will have simply earnt it a podium spot on some other version of Runners this 12 months.

The company flashed visuals from its mammoth copper porphyry goal at its Toro-Malambo-Tambo project in Argentina’s San Juan province.

Copper porphyries are typical of very huge, low-grade gold-copper deposits all through South America and Belararox’s Tambo South goal is no completely different.

The first gap at the project, which is sandwiched between the El Indio and Maricunga belts, was drilled to 1029m. Promising quantities of copper mineralisation had been recognized in early assays.

A second 729m gap, which aimed for more than 1300m, struck visible supergene chalcocite from 104m to 248m. The predominant geophysical goal lies nonetheless forward and is the place the gap will pierce the centre of the project’s higher-grade porphyry core goal.

The visuals counsel Belararox could possibly be onto a well-mineralised porphyry discovery, sending the company’s share price flying this week, to a high of 32.5c on Friday from final week’s 12.5c close on a stable $5M in share trade over the week.

The company’s exploration director Jason Ward is already touting the outcomes as a “strong copper system,” with all the vectors pointing to scale. Copper’s US$5.37 per pound high price, juiced by TTs tango, has punters buzzing over Belararox’s porphyry mineralisation hypothesis. The long-mineralised zones scream potential, however solely lab assays will reveal the fact about the precise grade versus hypothesis about what it has noticed.

Is your ASX-listed company doing one thing fascinating? Contact: matt.birney@wanews.com.au