So much so, demand was at its strongest in the event’s 18-year history, with almost 120 exhibitors, 90 speakers and more than 1500 delegates attending.
Among them was YIELD head honcho Luke Derbyshire and Spoke investor relations specialist Mel Tempra, who noted several contributing factors to the buoyant atmosphere.
“A super strong gold price, which historically has been an investment safe haven during times of economic volatility and has the potential to continue surging upward over the next quarter, is placing it in hot focus for the investor market,” Derbyshire reported.
“The fact interest rates in Australia have likely reached a peak was also a talking point, providing confidence to reset investment strategies and refine access to capital required as part of the process.
“That confidence may be undermined by the US Treasury nearing its debt ceiling and facing potential default next month, which has potential to curb government spending, cause mass job loss and reduce federal handouts to more reliant states. We’ll be watching this space closely as the deadline to extend the debt ceiling looms.”
Circling the event, Tempra noted the mood was upbeat with investors sharing a positive outlook on the resources sector.
“This continues to be underpinned by Australia’s powerhouse performance in the global resources market, combined with ASX companies exploring and unlocking opportunities in Africa, South America and North America.
“Particularly, interest in critical minerals as the push towards decarbonisation continues and Governments invest in supporting the sector’s development meant it, along with demand for battery metals, was a talking point throughout.”
LUKE DERBYSHIRE