The ASX is expected to fall today on the back of overnight losses across other global markets, namely Europe and the US.
Here are some ASX-listed companies to watch out for on Thursday:
The first patient in Immutep’s (IMM) AIPAC-003 phase two and three trial for metastatic breast cancer has been enrolled and safely dosed at a European clinical site.
The trial is focused on two aggressive types of metastatic breast cancer: HER2-negative/low breast cancer and triple-negative breast cancer.
Immutep’s Efti product is a soluble LAG-3 protein and a first-in-class MHC Class II agonist, designed to activate immune cells to enhance the body’s response against cancer cells.
Shares in IMM last traded at 35.5 cents.
In the materials space, Metal Hawk (MHK) has kicked off a maiden aircore drilling program at its Fraser South project in Western Australia.
The drilling is targeting rare earth element (REE) mineralisation and early-stage indicators of nickel, copper or platinum group element (PGE) mineralisation.
Metal Hawk’s drilling efforts will span across a broad 15-kilometre target zone over the southern extension of the unexplored Albany-Fraser metamorphic belt.
Shares in MHK last traded at 11 cents.
Sandfire Resources (SFR) has produced first copper concentrate at its Motheo copper mine in Botswana.
The company reported construction at the mine was nearing completion, with equipment commissioning activities more than 92 per cent complete to cover the initial 3.2 million tonnes per annum (Mtpa) processing capacity.
In the long term, SFR aims to boost the 3.2Mtpa to 5.2Mtpa by early CY24.
Shares in SFR last traded at $5.62.
Meanwhile, RLF AgTech (RLF) has entered an agreement with Kona, one of Vietnam’s leading distributors of agricultural products.
The deal is valued at $3.3 million and will span five years. The contract signals a further step into Vietnam for RLF, now having signed an agreement with two distributors in the country.
Through this agreement, Kona will distribute RLF AgTech’s specialised crop nutrition
products to bolster the quality of crops in Vietnam.
Shares in RLF last traded at 15 cents.
Riedal Resources (RIE) has announced a reverse circulation (RC) drill program will begin at its Kingman gold project in Arizona in early June 2023.
It follows a $2.5 million equity raising by the company, on track for a maiden mineral resource for Tintic by the end of 2023.
The company awarded contract driller Harris Exploration a 7000-metre RC drill contract for the program at Kingman.
Shares in RIE last traded at 0.5 cents.