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The ASX200 has done even better than futures tipped – up nearly .4 of a per cent in early trade.
Most sectors are up, Utilities has been the stand out performer, up nearly 1.8 per cent, with Energy also adding 1.2 per cent. The IT sector has ended its bullish run to be down about .7 per cent and consumer discretionary stocks are down around .2 per cent.
Explorer Riversgold (ASX:RGL) is up 36 per cent after announcing it’s applied for a ‘promising’ tenement to expand its land holdings in the Pilbara region of WA. The new tenement is 8km northeast along strike from Azure Minerals’ (ASX: AZS) Andover lithium discovery. It has produced intersections of up to 209.4 metres at 1.42 per cent lithium oxide.
The tenement will be acquired through a $200,000 cash and scrip deal with Redstone Metals (Pty Ltd) and exploration will begin within a week.
Riversgold has been trading at 1.5 cents.
Data Centre builder and operator NEXTDC (ASX:NXT) has been trading up nearly a quarter of a per cent (.23 per cent) after celebrating record FY23 sales at its AGM. The company reported a 25 per cent increase in revenue and a 15 per cent rise in underlying earnings. NEXTDC also closed its financial year with $766 million in cash.
NEXTDC has been trading at $13.07
Kingsgate Consolidated (ASX:KCN) has been up 1.62 per cent on new gold intercepts from four RC drill holes at its Chang Puek prospect in Thailand.
Working 20 kilometres from the Chatree Gold Mine, its Thai subsidiary Akara Resources logged results including 20 metres at 3.87 grams per tonne of gold from 132 metres depth.
KCN has been trading at $1.25.
And Alliance Aviation Services (ASX:AQZ) has announced the extension of its contract with BHP Olympic Dam for a five-year term. The company operates a fleet of 10 jet aircraft and employs 208 staff in Adelaide and Roxby Downs. Alliance has been providing services to BHP’s Olympic Dam site in South Australia since 2007.
AQZ has been up nearly .7 per cent (.69 per cent) today, trading at $2.92
