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The ASX200 is trading up around 0.87% to just about 7930 points.
Materials has been the leading sector gaining 1.7%. Energy, Real Estate and Health Care are also proving strong. Utilities is the only sector significantly in the red, down around half a percent.
Company News
Chris Ellison’s Mineral Resources (ASX:MIN) has added about 5% thanks to the sector’s rally, and with the company’s quarterly results being in line with guidance.
The company’s FY24 production increased 9 per cent year-on-year to 269 million tonnes. However, June quarter production fell 12 per cent primarily due to lower mine development at its Wodgina and Mt Marion lithium operations in WA.
Mineral Resources has been trading at $54.37.
Argosy Minerals (ASX:AGY) has spiked up 44% off a low base on its quarterly results.
The company achieved spot sales for 20 metric tonnes of battery grade lithium carbonate at a premium price of US$13,400 per tonne. The company remains in a strong financial position with cash reserves of $11.3 million at the end of the financial year.
Argosy Minerals has been trading at 4.9 cents.
And Bellevue Gold (ASX:BGL) has been trading about 22% lower, on news the company has raised $150 million through a placement, and revealed a lower than expected production forecast.
Bellevue Gold has been trading at $1.43
