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With mining, telecoms and info tech in the dumps, the market was lucky to get away with just a few scrapes today. Pic: Getty Images ASX manages to recover from -1.44% losses to slip just -0.21% Telstra’s outage plus weakness in mining stocks kept the market in the red Energy, utilities and defensive sectors outperformed The S&P/ASX 200 managed to pull out of its midday tailspin, rotating into defensive sectors to mop up some of the day’s losses.

Caspin jumps on record tin intercept at Bygoo, delivering 20m at 2.11% Sn Peregrine soars 61% ahead of Newman exploration update OD6 and Marimaca report strong exploration results across fluorspar and copper Your standout small cap resources stocks for Wednesday, July 8, 2026. Caspin Resources (ASX:CPN) Caspin shined bright in today’s session after reporting its strongest-ever tin intercept at its Bygoo project in NSW.

By Cristina Talacko Which advanced economy plans to power itself by 2050 overwhelmingly with variable wind and solar – no nuclear, no interconnection to a neighbour’s grid, no great rivers left to dam? Yes, Australia. I spend much of my time inside other countries’ energy transitions, and every flight home arrives with a 1980s soundtrack: the B-52s’ Private Idaho – “living in your own private Idaho, underground, like a wild potato”. A state of sealed windows, where the echo passes for the world.

The falling property market raises the risk of Australia sliding into a recession this year as a shrinking wealth effect crushes the confidence of households and businesses, economists warn. The nation’s economic growth in the March quarter was already a subdued 0.3%, and the June quarter could be worse as Labor’s budget tax changes combined with higher interest rates hurt house prices, construction activity and mortgage applications.

SCX is preparing for an ASX listing with a sovereign AI infrastructure strategy Company says AI inference, rather than model training, will drive the next wave of demand Focus is on delivering AI with lower energy use and greater efficiency rather than simply building more compute Special Report: Australia’s AI infrastructure sector is becoming increasingly crowded.

Host Tylah Tully looks at True North Copper (ASX:TNC) and a bolstered exploration team with the appointment of experienced geologist Matt Porter and his multi-decade experience across the Mt Isa region as exploration manager. Watch the video to learn more. This video was developed in collaboration with True North Copper, a Stockhead client at the time of publishing. The interviews and discussions in this video are opinions only and not financial or investment advice.

ASX slides 1.14% with 8 sectors lower Telecoms sector plunges on Telstra outage, down 2% Blue chips, mining, banking and info tech stocks also on the retreat Australia’s largest telecoms network went down for the vast majority of the country this morning, temporarily disabling train and bus services, EFTPOS machines and traffic lights in the process. Multiple regional train services in Victoria and NSW were suspended, with an estimated 100,000 people impacted nationwide by the outage.

Stockhead TV host Tylah Tully looks at Alligator Energy’s (ASX:AGE) major drilling campaign aimed at growing the resource at its Samphire uranium project in South Australia. The program will include around 300 drill holes and follows the recent acquisition of the Mullaquana tenements. Drilling will focus on the southern extension of the Blackbush deposit along with upgrading more of the Plumbush resource to the indicated category.

Ukraine defence export reform expands potential market pathway to 27 partner countries SiNTL testing with Ukrainian drone manufacturer Energia 2000 underway Energia 2000 ramping up from 72,000 drones per year to 360,000 Special Report: 1414 Degrees believes Ukraine’s new defence export framework could materially expand the commercial relevance of its SiNTL battery program with Ukrainian drone manufacturer Energia 2000.

iTech soil program returns up to 12.1g/t gold and 9.1% antimony in laboratory assaying pXRF validated as rapid first-pass exploration tool at Reynolds Range New Falchion mineralised zone identified ahead of drill results Special Report: Laboratory assays returning exceptional results from soil sampling as validated the use of portable XRF as a rapid exploration tool at iTech Minerals’ Reynolds Range project in the NT.