# Lunch Wrap: ASX shrugs off Fed hike as goldies get Warsh-whacked Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lunch-wrap-asx-shrugs-off-fed-hike-as-goldies-get-warsh-whacked--97fe059f-147e-4d83-a947-2239cbf9d471 Original source: https://stockhead.com.au/news/lunch-wrap-asx-shrugs-off-fed-hike-as-goldies-get-warsh-whacked/ Publisher: stockhead Original announcement: 2026-09-17T03:10:21.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Unavailable - Ticker: Unavailable - Exchange: Unavailable - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Copper, Iron ore, Scandium - Document categories: Drill results, Metallurgy, Agreement transaction, Permitting, Other - Extracted: 2026-09-17 05:02:01 UTC Narrative sentiment: 0.00 · Neutral ## Minestarters Atlas summary This Stockhead 'Lunch Wrap' provides a general overview of market activity, noting the ASX's reaction to a Fed rate hike and a drop in gold prices. It also includes brief updates on several mining companies, such as Mt Malcolm Mines reporting new copper-gold targets from rock chips, Mount Ridley Mines achieving high scandium recovery in lab tests, and Lion Energy completing an asset sale to fund future exploration. Arrow Minerals applied for a new iron ore tenement, and Unity Metals identified new gold-bearing structures through trenching. Reasoning: The document is a market wrap summarizing various small news items, including some positive and negative movements in the mining sector, but no single major announcement. - Positive factor: Some companies reported positive exploration or metallurgical results - Positive factor: Asset sale provides funding for future exploration - Negative factor: Gold price drop impacted major gold producers - Negative factor: Some companies on the laggards list Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 6 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/lunch-wrap-asx-shrugs-off-fed-hike-as-goldies-get-warsh-whacked--97fe059f-147e-4d83-a947-2239cbf9d471#fact-drill-facts-0) Malcolm · copper #### Identity - Project: Malcolm - Commodity: copper - Region: png - Reported Region: png #### Geometry - Grade: 1.37 - Grade Unit: % #### Classification - Program: exploration - Sample Type: surface - Mining Method: unknown #### Location - Location: Braiser - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Rock chip sample indicates new copper target, but it's early-stage exploration and not confirmed at depth. - Positive factor: New copper target identified with rock chip sample - Negative factor: Early-stage exploration, not confirmed at depth - Negative factor: Rock chip sample, not drill core Evidence · text > rock chips at Braiser returning up to 1.37% copper #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/lunch-wrap-asx-shrugs-off-fed-hike-as-goldies-get-warsh-whacked--97fe059f-147e-4d83-a947-2239cbf9d471#fact-drill-facts-1) Malcolm · gold #### Identity - Project: Malcolm - Commodity: gold - Region: png - Reported Region: png #### Geometry - Grade: 0.44 - Grade Unit: g/t #### Classification - Program: exploration - Sample Type: surface - Mining Method: unknown #### Location - Location: Braiser - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Rock chip sample indicates new gold target, but it's early-stage exploration and not confirmed at depth. - Positive factor: New gold target identified with rock chip sample - Negative factor: Early-stage exploration, not confirmed at depth - Negative factor: Rock chip sample, not drill core Evidence · text > 0.44g/t gold #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/lunch-wrap-asx-shrugs-off-fed-hike-as-goldies-get-warsh-whacked--97fe059f-147e-4d83-a947-2239cbf9d471#fact-drill-facts-4) Ngot NE · gold #### Identity - Project: Ngot NE - Commodity: gold - Region: cambodia - Reported Region: cambodia #### Classification - Program: exploration - Sample Type: channel - Mining Method: unknown #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Trenching identified new gold-bearing structures, which is positive for exploration, but no quantitative results were provided. - Positive factor: New gold-bearing structures identified - Positive factor: Trenching guides future drill targeting - Negative factor: No specific grades or widths reported from trenching Evidence · text > Unity Metals \(ASX:UM1\) has identified new gold-bearing structures through trenching in Cambodia #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Metallurgical Results (1) ### laboratory testing [Link to this fact](https://atlas-extractions.minestarters.com/news/lunch-wrap-asx-shrugs-off-fed-hike-as-goldies-get-warsh-whacked--97fe059f-147e-4d83-a947-2239cbf9d471#fact-metallurgical-facts-3) Grass Patch · scandium #### Identity - Project: Grass Patch - Commodity: scandium #### Test Work - Program Status: preliminary - Test Type: laboratory testing #### Recovery - Recovery: 91.8 % - Recovery Basis: actual\_test #### Reagents - Reagent Notes: halving Selectro reagent use #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Achieved high scandium recovery of 91.8% and halved reagent use in laboratory testing, indicating positive metallurgical progress, though it's still at a bench scale. - Positive factor: High scandium recovery achieved - Positive factor: Significant reduction in reagent use - Negative factor: Test work is laboratory scale only Evidence · text > Mount Ridley Mines \(ASX:MRD\) has achieved 91.8% scandium recovery in laboratory testing at Grass Patch while halving Selectro reagent use. ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.