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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.
() is up 2.0% to $32.45 while () flat at $2.57.
Newcrest () rose 0.9% to $13.92 and (ASX:RIO) is up 1.1% to $59.25.
Market Action here…
Thundelarra () 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.
() is up 20% to $0.006.
Blue Chip Stocks
Oil and Gas
Oil Search () down 0.7% to $7.73
() up 0.9% to $8.66
() down 0.0% to $34.49
Big 4 banks
ANZ Bank (ASX:ANZ) up 1.3% to $32.33
() up 0.9% to $82.88
() down 1.9% to $34.54
() up 1.2% to $34.12
Other banks financials and industrials
() up 0.5% to $6.38
() up 1.1% to $13.13
Bendigo and Adelaide Bank () up 1.2% to $12.26
() up 2.6% to $80.75
Suncorp () up 2.0% to $13.19
() up 1.0% to $6.11
JB Hi-FI () up 2.2% to $20.51
() up 0.3% to $43.50
Woolworths () up 2.4% to $27.80
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