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The ASX200 closed up point .45 of a per cent with materials leading the charge into the green zone with gains of 1.43 of a per cent and utilities perking up more than .83 of a per cent.
Real estate fell the most, down more than a per cent and health care trailed down .55 of a per cent.
This afternoon we’ve been tracking Solstice Minerals, 1414 Degrees, Ansell, Spartan Resources, Equinox Resources and Everest Metals Corporation.
In the green
WA-based explorer Solstice Minerals (ASX: SLS) surged 50 per cent on the sale of a gold exploration licence to Northern Star Resources (ASX:NST) for $12.5 million.
The license contains a deposit inferred at more than 170 thousand ounces of gold.
The company says it will now refocus its 2024 exploration campaign.
SLS closed the day at 15cps
Novel clean tech company 1414 Degrees (ASX:14D) gained 30 per cent on forging a joint venture to gain potential access to ElectraNet’s upcoming Aurora Energy Precinct.
ElectraNet is a major utility company in South Australia.
The agreement is expected to be finalised by September this year.
14D closed the day at almost 8c.
Ansell (ASX:ANN) was up 6 per cent, even after issuing 17.8 million new shares at $22.45 pre share to raise $400 million dollars.
Funds will be used to complete the recently announced acquisition of Kimberly-Clark’s Personal Protective Equipment business for nearly A$1 billion dollars.
Kimberly-Clark’s PPE business aligns with Ansell’s overall existing company operations.
ANN closed the day at $25.47
In the red
Spartan Resources (ASX: SPR) dropped nearly 13 per cent on the release of recent drilling results at its Dalgaranga Gold Project in Western Australia.
The downward share price move implies the market was hoping for something better.
While the company posted brief intersections of high-grade gold, these were located some 600 metres underground.
SPR closed the day at 59c.
Meanwhile, Equinox Resources Limited. (ASX:EQN) Share Price | Latest News – The Market Online dropped nearly 5 per cent after it announced the launch of a maiden drilling program at its Rio Negro Rare Earths prospect in Brazil.
The company announced plans to largely rely on auger drilling, with RC drill rigs to follow up on the highest-grade areas.
The downward move implies caution from the market, even as neodymium prices have experienced a slight rebound.
EQN closed the day at 20c.
Finally, thinly traded microcap Everest Metals Corporation (ASX:EMC) fell 4.75 per cent as it begins a bulk sampling program at its Revere Gold and Base Metals Project.
The Company has commenced initial drilling and blasting for its 36,000 tonne bulk sampling program of the Revere Reef system.
The downward move was driven by a relatively small amount of trades worth around $55 thousand dollars.
EMC closed the day at 10c.
