The ASX tech sector has taken a sharp turn this week, with sentiment deteriorating just as quickly as it improved. After a brief rally, software names have been hit by a fresh wave of selling as investors again grapple with an increasingly uncomfortable side of the AI story: not just growth, but disruption.
The S&P/ASX 200 Tech Index has fallen heavily over the past two sessions, reversing much of its late-March rebound as global software stocks come under pressure. A combination of broker downgrades, renewed weakness in US peers and mounting concerns about AI’s impact on the software-as-a-service (SaaS) model has triggered what market watchers are calling the latest phase of a “SaaSpocalypse.”
What if the biggest opportunity in the market just flashed right in front of you? This week, when Donald Trump announced a temporary ceasefire, the Australian tech sector didn’t just move, it exploded, surging more than 7% in a single day.
In fact, over the past few weeks, the tech sector has already delivered double-digit gains. Now, if you’re wondering how that’s possible, given that tech is typically seen as a high-risk growth sector that struggles when oil prices rise, and global uncertainty builds, it might be time to rethink that view.
Mont Royal Resources Ltd (ASX:MRZ, TSX-V:MRZL, OTC:MTRRF, FRA:ZG1) has moved a step closer to a refreshed development pathway for its 100%-owned Ashram Rare Earth and Fluorspar Project in Quebec, with the company saying its updated Preliminary Economic Assessment (PEA) is now about 80% complete and remains on track for completion this month.
The update is more than a routine study milestone. Mont Royal is using the revised PEA to reshape key parts of the project’s development strategy, with a focus on lowering upfront capital requirements, trimming operating costs and reducing execution risk as it works to position Ashram as a more robust rare earths and fluorspar development story.
Amaero Ltd (ASX:3DA, OTCQX:AMROF) has signed a supplier agreement that includes a A$7.8 million purchase order for spherical titanium alloy powders, locking in minimum quarterly shipments from July 2026 to June 2027 in a deal that materially strengthens revenue visibility for FY2027 and supports the company’s production growth strategy.
The agreement, struck with a private equity-backed manufacturing technology and advanced materials group, gives Amaero a contracted baseline of powder sales over the next financial year, with scope for the customer to lift volumes through additional purchase orders. Importantly, the customer has indicated FY2027 orders are expected to exceed the minimum commitment, pointing to potential upside beyond the initial A$7.8 million.
Resolution Minerals Ltd (ASX:RML, OTCQB:RLMLF, FRA:NC3) has outlined growing scale potential at its Antimony Ridge project in Idaho, with new 3D modelling pointing to a large, open-ended system of high-grade antimony-silver veins.
The modelling integrates historical mining data, mapping and sampling to define more than 100 high-grade stibnite veins organised into around 30 discrete vein swarms, extending across a broad 1,000-by-700-metre footprint.
Jindalee Lithium Ltd (ASX:JLL, OTCQX:JNDAF) has taken a major step toward putting a US market valuation on its McDermitt Lithium Project, signing a binding business combination agreement that is set to establish a new Nasdaq-listed vehicle, US Elemental Inc., to hold the company’s US assets.
The deal implies a pro forma enterprise value of about US$571 million, including an implied equity valuation of US$500 million for Jindalee’s US assets, while leaving Jindalee with an expected majority stake of 80% or more in the new entity on completion.
Aurum Resources Ltd (ASX:AUE) has expanded the mineral resource at its Napié Gold Project in Côte d’Ivoire to 1.16 million ounces, lifting its total group resource base to 4.2Moz across its West African portfolio.
The updated mineral resource estimate (MRE) marks a 34% increase at Napié, adding 290,000 ounces at a consistent grade of 1.2 g/t gold and introducing a maiden Indicated Resource component — a key step towards future development studies.
Elixir Energy Ltd (ASX:EXR, OTC:ELXPF) has taken a step toward commercialising gas from its northern Taroom Trough acreage after signing an agreement with APA Group to complete feasibility work on the most cost-effective route to the Wallumbilla Gas Hub in Queensland.
The Early Works Agreement is aimed at identifying the fastest and most economic pathway for gas from a notional 40-terajoule-a-day Lorelle pilot project to reach Wallumbilla, a key wholesale trading and pipeline interconnection point linking gas from the Surat and Bowen basins with east coast domestic markets and LNG export infrastructure.
Critical Resources Ltd (ASX:CRR, FRA:9S70) plans to launch a loyalty options offer for eligible shareholders, giving them one option for every 10 shares held on the record date at an issue price of $0.001 per option.
Each option will be exercisable at $0.008 and expire on April 23, 2028, giving the company a possible future funding source if the options are taken up.