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The ASX200 is set to have a green day today after the US markets shook off the CPI blues overnight.
ASX200 futures were up 0.69 per cent near 8:30 am AEDT.
Wesfarmers, Telstra and Arena REIT all report today.
Tonight we get US retail sales and jobless claims, which will close out the week with catalysts for the Oz market.
We also got UK inflation overnight – it’s steady at four per cent, implying the Bank of England won’t be cutting rates for at least a few months either. Uh-oh.
Stocks catching eyes this morning:
Gold Mountain (ASX:GMN) has issued an exploration update.
The company has kicked off its 2024 campaign.
GMN is to explore REE targets hosted in clay.
Shares last traded at 0.4 cents.
Also in materials space, S2 Resources (ASX:S2R) has issued an exploration update, too.
This relates to the company’s Greater Fosterville asset.
The best gold assay highlighted today was 10.2m @ 4.2g/t gold but depths weren’t included in the highlight.
Shares last traded at 14.5 cents.
James Bay (ASX:JBY) has made a portfolio update announcement.
The company now has new REE targets at Joule to explore.
James Bay is also looking at possible uranium leads.
Shares last traded at 14 cents.
Meanwhile, Accelerate Resources (ASX:AX8) has made a lithium announcement.
Despite tanking prices and a loss of investor enthusiasm, AX8 is carrying on.
The company says strong lithium mineralisation has been confirmed on-site its acreage.
Shares last traded at 2.6 cents.
Similarly, EV Resources (ASX:EVR) has made a battery metal exploration update.
This relates to its Parag project in Peru, South America.
In short: drilling ongoing, assays due soon. Exciting.
Shares last traded at 1.3 cents.
