Tuesday, 17 September 2019 10:55 GMT

Australia- ASX is up while this nickel-copper explorer climbed 11.1%

(MENAFN - ProactiveInvestors)

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

Santos (ASX:STO) climbed 2.7% to $8.26 while Woodside Petroleum (ASX:WPL) is up 1.5% to $35.19.

However Oil Search (ASX:OSH) down 0.3% to $7.28.

Market Action here…

Legend Mining (ASX:LEG)
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.

White Cliff Minerals (ASX:WCN) 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 sAMPles from the main zone were crushed and panned with two sAMPles yielding small particles of visible gold.

The ongoing exploration should see an increase in the level of ounces of gold in the resource base.

Arc Exploration (ASX:ARX) jumped 100% to $0.002 with more than 5.6 million shares traded Applabs Technologies (ASX:ALA) climbed 14.3% to $0.12 while Red Mountain Mining (ASX:RMX) rose 33.3% to $0.004.

Australian Mines (ASX:AUZ) is up 14.3% to $0.008 with 2 million shares traded Elementos (ASX:ELT) climbed 14.3% to $0.008 and Peninsula Energy (ASX:PEN) rose 12.5% to $0.027 with more than 6 million shares traded.

Blue Chip Stocks

Major Miners
BHP Billiton (ASX:BHP) up 1.5% to $27.05
Fortescue Metals Group (ASX:FMG) up 4.6% to $1.92
Newcrest (ASX:NCM) up 0.9% to $12.85
Rio Tinto (ASX:RIO) down 0.1% to $52.97

Big 4 banks

ANZ Bank (ASX:ANZ) up 1.1% to $32.87
Commonwealth Bank (ASX:CBA) up 1.7% to $87.40
National Australia Bank (ASX:NAB) up 1.5% to $33.96
Westpac (ASX:WBC) up 1.7% to $32.93

Other banks financials and industrials

AMP (ASX:AMP) up 1.4% to $6.29
Bank of Queensland (ASX:BOQ) up 2.5% to $13.15
Bendigo and Adelaide Bank (ASX:BEN) up 2.7% to $12.68
Macquarie Group (ASX:MQG) up 0.7% to $83.14
Suncorp (ASX:SUN) up 1.9% to $13.86
Telstra (ASX:TLS) up 0.6% to $6.19


JB Hi-FI (ASX:JBH) up 0.9% to $19.77
Wesfarmers (ASX:WES) up 1.7% to $39.94
Woolworths (ASX:WOW) up 2.6% 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.

Australia- ASX is up while this nickel-copper explorer climbed 11.1%

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