The Australian share market has climbed almost one per cent at midday, led by the energy, real estate and materials sectors.
In ASX news, Magnum Mining and Exploration (MGU) has appointed Chris Tanner as Project Manager for its Buena Vista iron project in Nevada.
Tanner will take responsibility for the short development and construction of a pilot plant on the Buena Vista site, prior to its proposed expansion to a full-scale production facility. The company was last trading at 2.4 cents.
Sovereign Metals (SVM) has commenced graphite operations at its Kasiya project in Malawi to produce larger volumes of natural graphite for the lithium-ion battery sector.
Sovereign Metals is currently upgrading its in-country facilities, which includes a “significant” laboratory upgrade. The company’s shares climbed 4.35 per cent, trading at 48 cents.
SRG Global (SRG) has secured a $50 million contract with Water Corporation WA for specialist civil water infrastructure works.
The company will construct an ocean outfall transition tower, associated pipework and other wastewater infrastructure assets. Company shares last traded at 71 cents.
Critical Resources (CRR) has executed an agreement in principle with the Wabigoon Lake Ojibway Nation for its Mavis Lake project in Canada.
The company aims to introduce regular community engagement for Mavis Lake, including project update meetings, as well as developing the foundations for an impact benefit agreement. Its shares were last trading at 4.1 cents.
And lastly, Zeus Resources (ZEU) has concluded phase one drilling program at its Mortimer Hills Project in WA.
The company obtained “encouraging” results, confirming previously identified pegmatites. The company was last trading at 5.4 cents per share.