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The ASX is expected to lift higher on Tuesday after the S&P 500 and the Nasdaq reached their highest levels since April last year.
It comes as investors await the next round of inflation figures, as well as the Central Bank’s meeting this week, with many fingers crossed that a rates pause is in store.
Nonetheless, here are some ASX-listed companies to watch out for today:
IGO (IGO) has appointed Ivan Vella as its next Chief Executive Officer and Managing Director.
The company reported Mr Vella has extensive experience in the mining and resources sector, spending the past 20 years with Rio Tinto (RIO).
He also served as President and Vice President of the Chamber of Mines and Energy Western Australia.
Shares in IGO last traded at $14.58.
In the materials space, Lycopodium (LYL) has entered an agreement with Barrick Gold Corporation for its Reko Diq copper-gold project in Pakistan.
The project covers the feasibility study and basic engineering scope of the project and is valued to be worth around $55 million.
The company reported completion of the feasibility study was scheduled for Q4 2024.
Shares in LYL last traded at $10.27.
Black Mountain Energy (BME) has kicked off drilling at its first Permian Basin well – MIA 64 FEE 2H Well.
The company reported the drilling is expected to take around 25 days, with first production scheduled for approximately 90 days.
“It is great to be drilling BME’s first Permian Basin well, with the rig drilling ahead on the MIA 64 FEE 2H Well, targeting our 3rd Bone Spring (3BS) interval of interest,” BME Chief Operating Officer Michael Laurent said.
Shares in BME last traded at two cents.
Meanwhile, Aurumin (AUN) has kicked off pre-development activity at its high-grade Mt Dimer gold project in Western Australia.
The company announced phase one efforts would focus on the proposed mining of shallow open pits at the high-grade Lightning and Golden Slipper deposits.
Mt Dimer is considered a historical high-grade production centre, producing more than 125,000 ounces of gold, including open pit and underground production of 600,000 tonnes at 6.4 grams per tonne (g/t) gold.
Shares in AUN last traded at three cents.
Toys’R’Us (TOY) has appointed Penny Cox to the role of Chief Executive Officer, effective August 7.
Ms Cox has worked across the globe, in the UK, Australia, and South East Asia with LEK Consulting, Ocado, Coles, Redmart, Alibaba and Carousell.
The company reported she has a strong proven capability and background in scaling eCommerce businesses and can guide the next chapter of TOY’s ANZ’s expansion.
Shares in TOY last traded at 1.1 cents.
