The ASX scraped into the green, buoyed by the materials sector. Mining stocks led the sectors, up 2.44 per cent.
In the green
Golden Mile Resources (G88) skyrocketed 133 per cent. The company’s diamond drilling program yielded the highest-ever nickel grades at its Quicksilver nickel-cobalt deposit near Lake Grace in WA.
Hits from the program included 4.14 per cent nickel and point-four per cent cobalt from 28 metres.
Recharge Metal (REC) has penned a binding agreement with Canadian company Rockland Resources to acquire the Wapistan lithium project in Quebec’s James Bay region.
And Nickelsearch (NIS) climbed 17 per cent after interesting a massive visual sulphide at the Sexton prospect within the Carlingup nickel sulphide project in Western Australia. The company closed the day at 7.7 cents.
In the red
Legacy Minerals (LGM) has divested its Mulholland nickel-tin project in New South Wales to Karawara Minerals for $305,000.
The sale will allow Legacy to focus on its other assets, including its flagship Black Range Epithermal project and the Bauloora epithermal project, both in New South Wales.
Everest Metals (EMC) shares have tumbled just one day after defining multiple lithium-caesium-tantalum pegmatites at its Mt Edon LCT project in Western Australia. The company was down 15.3 per cent, to 11 cents.
And Prospech (PRS) fell, despite reporting “encouraging” rare earth results from assays of historical drill core at its project in Finland. The company closed the day at 3.9 cents.