Monday, 16 September 2019 06:53 GMT

ASX climbs but this copper explorer climbed 12.3%

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Australian stocks have bounced back with mining and financial stocks leading the All Ords up 45.5 points or 0.8% to 5673.1.

BHP Billiton (ASX:BHP) is up 2.0% to $32.45 while Fortescue Metals Group (ASX:FMG) flat at $2.57.

Newcrest (ASX:NCM) rose 0.9% to $13.92 and Rio Tinto (ASX:RIO) is up 1.1% to $59.25.

Market Action here…

Thundelarra (ASX:THX) climbed 12.3% to $0.11.

The company is preparing to carry out drilling at its Curara Well and Red Bore projects.

Recent audio magneto-telluric traverses indicate the Curara Well Project could contain other occurrences of the DeGrussa and Red Bore style mineralisation.

Drilling is expected to be closely watched given that Thundelarra is the only company to have intersected new high-grade consistent copper mineralisation in the same district as the DeGrussa discovery.

Thundelarra is also fully funded for 2015 exploration program at Red Bore and Curara Well with $6.45 million in cash as at 31st December 2014 providing fuel for the exploration program ahead.

Waratah Resources (ASX:WGO) is up 20% to $0.006.

Blue Chip Stocks

Oil and Gas

Oil Search (ASX:OSH) down 0.7% to $7.73
Santos (ASX:STO) up 0.9% to $8.66
Woodside Petroleum (ASX:WPL) down 0.0% to $34.49

Big 4 banks

ANZ Bank (ASX:ANZ) up 1.3% to $32.33
Commonwealth Bank (ASX:CBA) up 0.9% to $82.88
National Australia Bank (ASX:NAB) down 1.9% to $34.54
Westpac (ASX:WBC) up 1.2% to $34.12

Other banks financials and industrials

AMP (ASX:AMP) up 0.5% to $6.38
Bank of Queensland (ASX:BOQ) up 1.1% to $13.13
Bendigo and Adelaide Bank (ASX:BEN) up 1.2% to $12.26
Macquarie Group (ASX:MQG) up 2.6% to $80.75
Suncorp (ASX:SUN) up 2.0% to $13.19
Telstra (ASX:TLS) up 1.0% to $6.11


JB Hi-FI (ASX:JBH) up 2.2% to $20.51
Wesfarmers (ASX:WES) up 0.3% to $43.50
Woolworths (ASX:WOW) up 2.4% to $27.80

Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.

ASX climbs but this copper explorer climbed 12.3%

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