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Australian stocks have closed down after a roller coaster day with the All Ords slipping 8.2 points or 0.1% to 5571.
Energy stocks were up with the Index rising 0.8% to 10709.8 points.
() rose 0.7% to $7.14 () is up 1.6% to $34.39 while Oil Search () fell 1.4% to $7.15.
Market Action here…
() climbed 6.7% to $0.032 after its latest assays confirmed the presence of significant zones of graphitic mineralisation at the Cascade and Epanko prospects.
Trenching highlights from the Cascade prospect area include:
- Cascade Creek outcrop interval of 98 metres at 10.3% total graphitic carbon (TGC); with
- Best outcrop sles of 20.4% 18.7% and 17.7% TGC.
Adding depth to the potential graphite resource are the first reverse circulation drilling holes at Epanko Northeast which delivered:
- RC13: 24 metres at 9.0% TGC; RC14: 16 metres at 12.8% TGC; and RC15: 66 metres at 9.4% TGC.
Over at Epanko North broader zones were encountered such as RC17: 96 metres at 6.51% TGC.
A maiden resource from Epanko North is a key objective of the exploration program.
() is up 10% to $0.011 with 2 million shares traded.
Blue Chip Stocks
Major miners
() down 0.5% to $25.39
(ASX:FMG) up 2.3% to $1.75
Newcrest () down 2.2% to $11.52
(ASX:RIO) up 0.2% to $51.32
Big 4 banks
ANZ Bank (ASX:ANZ) up 0.4% to $32.24
() up 0.3% to $86.33
() down 0.3% to $33.80
() down 0.6% to $34.15
Other banks financials and industrials
() up 0.3% to $6.39
() up 1.0% to $13.55
Bendigo and Adelaide Bank () up 0.1% to $13.01
() up 0.6% to $81.76
Suncorp () down 0.3% to $14.19
() down 0.1% to $6.38
Retailers
JB Hi-FI () down 2.5% to $19.35
() up 0.4% to $41.47
Woolworths () down 0.5% to $27.70
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