{"id":112180,"date":"2025-09-02T02:43:06","date_gmt":"2025-09-02T02:43:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/112180\/"},"modified":"2025-09-02T02:43:06","modified_gmt":"2025-09-02T02:43:06","slug":"top-10-at-11-asx-slides-deeper-into-the-red-but-gold-still-shines-bright","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/112180\/","title":{"rendered":"Top 10 at 11: ASX slides deeper into the red, but gold still shines bright"},"content":{"rendered":"

The ASX is looking sullen again this morning, but there are some golden treasures to be found amidst a sea of red. Pic: Getty Images<\/p>\n

Morning, and welcome to Stockhead\u2019s Top 10 (at 11\u2026 ish), highlighting the movers and shakers on the ASX in early-doors trading.<\/p>\n

With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks off in earnest.<\/p>\n

In brief, this is what the market has been up to this morning.<\/p>\n

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Broad market selldown<\/p>\n

The market is moving broadly lower this morning, shedding 0.26% with nine of 11 sectors in the red.<\/p>\n

There\u2019s not a lot of resistance to speak of at present.<\/p>\n

The top banks have recovered somewhat from yesterday (+0.28%), and gold rose 0.8% again overnight to US$3545.80 an ounce, a fresh all-time high.<\/p>\n

Gold futures are moving higher again this morning, stretching into new territory above US$3555 an ounce<\/a>.<\/p>\n

Oil also rose 1%, climbing to US$68.33 a barrel of Brent as airstrikes on Russian crude facilities threaten supply disruptions and a weaker US dollar pushes commodities higher.<\/p>\n

For all that, iron ore fell 1.8% to US$101.65 a tonne in Singapore trade.<\/p>\n

While there\u2019s still plenty of potential for a turnaround, it\u2019s looking like a pretty bearish market this morning.<\/p>\n

Let\u2019s take a look at the stocks offering a bit of sparkle amongst the gloom.<\/p>\n

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SMALL CAP WINNERS
\nCode Name Last % Change Volume Market Cap MDI Middle Island Res 0.036 80% 16441106 $5,864,679 FBM Future Battery 0.039 63% 13847749 $16,191,865 VRX VRX Silica Ltd 0.16 39% 3329662 $85,939,878 AOA Ausmon Resorces 0.004 33% 1000000 $3,933,640 COD Coda Minerals Ltd 0.14 27% 461594 $27,495,045 AQX Alice Queen Ltd 0.005 25% 200000 $5,538,785 XGLR Xamble Group 0.005 25% 417882 $452,019 AMS Atomos 0.006 20% 500000 $6,075,092 TEM Tempest Minerals 0.006 20% 88993 $5,508,975 TMX Terrain Minerals 0.003 20% 16366743 $6,454,536 WordPress Table<\/a><\/p>\n

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In the news\u2026<\/p>\n

Middle Island Resources (ASX:MDI)<\/a> has snapped up a 620km2 exploration portfolio prospective for gold, silver and copper after acquiring Konstantin Resources.<\/p>\n

Konstantin had accumulated a broad selection of exploration assets in Serbia and the Balkan region, building out a pipeline of gold and base metal targets across Serbia\u2019s prolific Tethyan Metallogenic Belt.<\/p>\n

MDI will also be partnering with Cygnet Capital to raise $3.4m in a share placement, with funds to support the next stage of exploration across its new assets.<\/p>\n

Future Battery Metals (ASX:FBM)<\/a> has hit broad gold in the first 10 holes drilled at the Miriam project in WA\u2019s goldfields, unearthing results up to 33m at 1.57 g\/t gold from 35 and 29m at 1.45 g\/t gold from 32m downhole.<\/p>\n

Management says the gold hits highlight multiple areas were lodes offer strong extensional potential, and FBM is keen to follow up with more drilling.<\/p>\n

VRX Silica (ASX:VRX)<\/a> has gotten the environmental green light for its Arrowsmith North silica sand project, clearing the runway to offtake agreements, financing and project development work streams.<\/p>\n

VRX is targeting first production for the second half of 2026, with plans to build Arrowsmith north into a long-life silica sand project for foundry, container glass and flat-glass markets in Asia.<\/p>\n

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SMALL CAP LAGGARDS
\nCode Name Last % Change Volume Market Cap M2R Miramar 0.002 -33% 1000999 $3,029,566 PAB Patrys Limited 0.001 -33% 14 $4,342,739 DY6 Dy6Metalsltd 0.22 -27% 1127030 $27,414,806 BKT Black Rock Mining 0.021 -24% 5321838 $40,690,422 BYH Bryah Resources Ltd 0.004 -20% 101100 $5,142,663 ECS ECS Botanics Holding 0.0065 -19% 105111 $10,368,397 ITM Itech Minerals Ltd 0.053 -17% 1830104 $10,933,465 1CG One Click Group Ltd 0.01 -17% 5050000 $14,187,434 MGU Magnum Mining & Exp 0.01 -17% 23582323 $27,816,446 NTM Nt Minerals Limited 0.0025 -17% 25000 $3,632,709 WordPress Table<\/a><\/p>\n

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This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. <\/p>\n","protected":false},"excerpt":{"rendered":"The ASX is looking sullen again this morning, but there are some golden treasures to be found amidst…\n","protected":false},"author":2,"featured_media":112181,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":["post-112180","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-au","tag-australia","tag-business","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/112180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=112180"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/112180\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/112181"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=112180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=112180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=112180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}