TMH Spotlight: ASX edges higher as Woodside (ASX:WDS) agrees to sell 10pc Scarborough interest

The ASX has seen a slight lift, up almost 0.2 per cent in early afternoon trade.

Materials are leading the sectors up around half a per cent, good news for those attending Diggers & Dealers in Kalgoorlie.

The sector is followed closely by energy which gained around 0.4 per cent.

Woodside Energy has just announced its selling a 10 per cent stake in its flagship Scarborough gas project to LNG Japan for around $763 million. 

In other company news, Iceni Gold has lifted more than 4.5 per cent after the company found a gold nugget weighing roughly 2 ounces at surface at its West Australian 14 Mile Well project.

Iceni Gold was trading at 11.5 cents.

Magnum Mining and Exploration has gained around 10 per cent after announcing its management team is headed to New York to talk about a US listing and possible partnership with Mitsubishi.

Magnum Mining was trading at more than 56 cents.

Exploration and development company Raiden Resources finalised an At-The-Market finance facility to provide the company with $2 million over a three-year term.

The company will have full control over when and how they use the funds which will help progress its Pilbara-based battery metals portfolio.

Raiden has been trading at around 1 cent.

Exploration company Augustus Minerals has extended Copper Ridge at its Ti Tree Lithium project by 117 per cent to a strike length of 1,300 metres.

Multiple rock chip samples found copper grading of up to 2.2 per cent which prompted the extension.

Augustus was trading around 21 cents.

Meanwhile, in healthcare, Recce Pharmaceuticals has jumped more than 20 per cent after making further progress in its development of a new class of synthetic anti-infectives.

The company’s RECCE 327 Gel has shown promise in treating multiple antibiotic-resistant infections under the Therapeutic Goods Administration Special Access Scheme.

Shares were hovering around 74 cents.