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Australian stocks have bounced up after falling for three straight sessions with the ASX200 rising 34.4 points or 0.6% to 5509.2.
Major banks led the way with ANZ Bank (ASX:ANZ) up 1.6% to $30.64 while () rose 1.1% to $82.20.
() gained 1.7% to $33.37 () climbed 1.1% to $32.72.
Market Action here…
() is up 6.9% to $0.155 with more than 1.7 million shares traded.
The company returned bonanza grades of up to 1148 grams per tonne gold from maiden drilling at the free-milling underground Golden Age Reef of its Matilda Gold Project in Western Australia.
This intersected part of the Inferred resource that was previously estimated as lower grade due to a lack of data demonstrating the variable or “nuggety” nature of mineralisation.
Assays from the other 10 holes out of the 11 drilled to date are still pending.
High grade ore from Golden Age will be blended with Matilda open-pit ore to increase the average head-grade of the mill feed for the Wiluna plant.
() climbed 22.2% to $0.011 () rose 10% to $0.011 Elementos () jumped 25% to $0.01 and Regeneus () is up 15.4% to $0.15.
Blue Chip Stocks
Major miners
() up 0.1% to $25.96
(ASX:FMG) up 1.7% to $1.91
Newcrest () down 1.1% to $10.84
(ASX:RIO) up 0.9% to $53.73
Oil and Gas
Oil Search () up 1.0% to $6.92
() down 0.7% to $6.71
() up 0.5% to $34.16
Other banks financials and industrials
() down 0.1% to $6.37
() down 1.2% to $13.40
Bendigo and Adelaide Bank () down 2.8% to $12.61
() down 0.8% to $79.42
Suncorp () up 0.6% to $14.37
() up 0.3% to $6.31
Retailers
JB Hi-FI () up 9.9% to $21.55
() down 1.2% to $41.42
Woolworths () up 0.3% to $27.81
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