The ASX ended Thursday in positive territory after the unemployment rate surprised economists, falling to 3.6 per cent in May.
Seven of 11 sectors finishing the day trading higher with tech the winning sector of the day, up more than a per cent.
In the green
GreenTech Metals’ (GRE) shares skyrocketed after confirming the presence of spodumene-bearing pegmatites at its Ruth Well nickel-copper project in WA’s Pilbara region.
Results from 22 reconnaissance rock chip samples returned “encouraging” grades of lithium mineralisation, measuring up to 1.65 per cent lithium oxide.
The company has also entered a services agreement with Obsidian Metals Group to fast-track its WA lithium exploration strategy. After a big day of news, the company’s shares shot up 223 per cent.
Errawarra Resources (ERW) also increased after revealing potential for lithium-bearing pegmatites across its Andover nickel-copper project tenements in WA.
And Midas Minerals (MM1) continued to climb a day after announcing its sampling program at its Greenbush lithium project in Canada returned up to 1.68 per cent lithium oxide. The company closed the day at 24.5 cents.
In the red
BMG Resources’ (BMG) share price slumped after exercising its option to acquire the Bullabulling gold project in WA. The decision came after identifying LCT pegmatites at the project during a maiden drilling program.
IperionX (IPX) also dropped 32.92 per cent. The fall came despite achieving UL environmental claim validation for its low-carbon titanium metal powder.
And Infinity Mining (IMI) slid 6.25 per cent, despite identifying anomalous rare earth elements in samples from Victor Bore in WA’s Central Goldfields. The company closed at 14 cents.