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The ASX200 is trading up around half a per cent with Health Care and Real Estate leading the gains, up around 1.1 per cent.
Industrials, on the other end of the scale, has fallen the heaviest, down just over half a per cent.
Company news
IVZ
Invictus Energy (ASX:IVZ) is up around 6% on an executed Memorandum of Understanding with Dallaglio Investments and Himoinsa Southern Africa Proprietary, to supply natural gas from the company’s Cabora Bassa Project for a gas-to-power project to the Eureka Gold Mine.
Eureka is one of Zimbabwe’s largest mines, owned and operated by Dallaglio.
The proposed power generation plant will be provided by Himoinsa with a capacity of 12 Megawatts, with the ability to increase the plant capacity size up to 50Mega Watts.
IVZ has been trading at 7.5 cents.
AUG
Augustus Minerals (ASX:AUG) up around 27 per cent on news of fieldwork and rock chip sampling which picked up copper grades of around 18 per cent, as well as silver assays at its Ti-Tree project in the Western Australia’s, Gascoyne region.
Mapping and rock chip sampling consisted of 26 samples across Ti-Tree, highlighting, two new prospects, Tiberias and Claudius.
AUG has been trading at 3.8 cents.
PAA
Clinical-stage biotechnology company, PharmAust (ASX:PAA) shares fell as much as 24 per cent this morning, following the resignation of its CEO, Dr. Michael Thurn, due to personal reasons.
PharmAust’s COO, John Clark, has stepped in as interim CEO.
Dr. Michael Thurn will continue in his role for another four months until his contract concludes.
PAA has been trading at 25 cents.
TBN
And, Tamboran Resources Corp (ASX:TBN) is up on a signed long-term Gas Sales Agreement (GSA) to supply the Northern Territory Government with 40 Terajoules per day from the Shenandoah South Pilot Project.
The initial term is for nine years, starting in the first half of 2026, with the option for the buyer to extend for a further six-and-a-half years through to 2042.
TBN has been trading at 16.5 cents.
That’s a midday market update, we’ll see you later after the market closes.
