The ASX200 is trading up point three of a per cent.
The IT sector is leading gains, up around 1.1 per cent, industrials follows, gaining about point eight of a per cent.
The energy sector has lost the most ground, down around point nine of a per cent. Staples is the only other sector in the red, down about point seven of a per cent.
Today Beach Energy, Infini Resources, Barton Gold and Lithium Universe have all come into our orbit of interest.
Company news
Beach Energy Ltd (ASX: BPT, Beach) shares have dropped nearly 16% on an update at its Waitsia Stage 2 Gas Plant in WA. In its FY24 half-year results, the company said it had encountered quality issues during the pre-commissioning of systems.
The issues, involving rebuilding compressors, replacing valves and flanges, have now largely been addressed. However, additional pre-commissioning quality issues have surfaced.
The Waitsia Joint Venture is currently revising its schedule and cost estimate in light of these developments.
BPT has been trading at $1.60.
Infini Resources (ASX: I88) has expanded its Yeelirrie North uranium project boundary by 370%.
This comes after the company acquired an additional 554square kilometres of permits following promising signals discovered during an airborne survey conducted by its geotechnical team.
The Yeelirrie North project now spans a total of 761square kilometres, with plans to test 12 targets in the future.
I88 has been trading at 16c.
Barton Gold’s (ASX: BGD) geotechnical team have resumed drilling at its Tarcoola Open Pit mine in South Australia as the company’s Q2 campaign is underway.
Operations were paused in late 2023 due to severe weather conditions on-site.
The current phase aims to sink 12 holes totalling 1,100metres, focusing on areas with interpreted gold mineralization.
BGD has been trading at 5cps.
Lithium Universe (ASX: LU7) has revealed its plan to address the rising demand for lithium from North American manufacturers. The focus is on advancing its Québec Lithium Processing Hub (QLPH) in Canada, which will produce mine-to-battery-grade lithium.
The hub includes a versatile independent concentrator with a capacity of one million tonnes per year and an independent battery-grade lithium carbonate refinery capable of handling up to 16,000 tonnes per year.
LU7 has been trading at 2c.