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Australian stocks have risen for a third straight session with the All Ords up 81.9 points or 1.5% to 5587.9.
Energy stocks were amongst the biggest gainers with the Energy Index rising 2.1% to 11315.8 points
() climbed 2.7% to $8.26 while () is up 1.5% to $35.19.
However Oil Search () down 0.3% to $7.28.
Market Action here…
() rose 11.1% to $0.01 with 18.4 million shares traded following its move to acquire extensive 2530 square kilometre tenement package from the Creasy Group.
This will make the company one of the most dominant players in the Fraser Range.
The package covers 100 kilometres along the spine of a regional gravity high associated with dense mafic/ultramafic intrusive rocks of the Fraser Zone within the larger Albany-Fraser Orogen.
An added benefit to the acquisition is that it includes high quality aeromagnetic and gravity datasets and Creasy Group drilling has already identified prospective nickel host rocks.
Legend originally identified the prospectivity of the new tenements through assessing regional aeromagnetic and gravity survey data along with extensive publically available datasets covering the entire Fraser Range district.
() is up 16.7% to $0.007 with more than 2 million shares traded.
The company has identified four new mineralised zones including small particles of visible gold at the high grade Aucu gold deposit at its Chanach project in the Kyrgyz Republic.
Promisingly rock sles from the main zone were crushed and panned with two sles yielding small particles of visible gold.
The ongoing exploration should see an increase in the level of ounces of gold in the resource base.
() jumped 100% to $0.002 with more than 5.6 million shares traded () climbed 14.3% to $0.12 while () rose 33.3% to $0.004.
() is up 14.3% to $0.008 with 2 million shares traded Elementos () climbed 14.3% to $0.008 and () rose 12.5% to $0.027 with more than 6 million shares traded.
Blue Chip Stocks
() up 1.5% to $27.05
(ASX:FMG) up 4.6% to $1.92
Newcrest () up 0.9% to $12.85
(ASX:RIO) down 0.1% to $52.97
Big 4 banks
ANZ Bank (ASX:ANZ) up 1.1% to $32.87
() up 1.7% to $87.40
() up 1.5% to $33.96
() up 1.7% to $32.93
Other banks financials and industrials
() up 1.4% to $6.29
() up 2.5% to $13.15
Bendigo and Adelaide Bank () up 2.7% to $12.68
() up 0.7% to $83.14
Suncorp () up 1.9% to $13.86
() up 0.6% to $6.19
JB Hi-FI () up 0.9% to $19.77
() up 1.7% to $39.94
Woolworths () up 2.6% to $27.80
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