Bank stocks have helped drive the ASX200 up 0.6% to 5,898.6 points.
Find out which graphite play drew investor attention as it moves to carry out initial exploration work on its Mozambique graphite licences.
Triton Minerals has received a Buy recommendation from GMP Securities with a price target of $0.90. TON last traded at $0.41.
The broker said the long-term offtake with Yichang Xincheng Graphite de-risks its Mozambique Graphite Project.
Field work is currently underway at anomalies identified by geophysical surveys at the Curara Well Project to follow up the strong results at Red Bore.
Thundelarra is also planning to carry out drilling at both projects by late April or early May.
An important piece of the strategy was this week's announcement of an agreement with Amanie Holdings to form a joint venture for the purpose of funding its commodity trading business.
Waratah is looking at options for its mineral licenses in Gabon.
The upcoming dry season will allow Phoenix Copper to progress exploration at the Hayes Creek Project where the first hole at Iron Blow intersected a thick zone of massive sulphide mineralisation.
Testwork has already confirmed that zinc is the best performing base metal with respect to concentrate recovery and grade.
Work is continuing on Triton Minerals’ Ancuabe and Nicanda Hill graphite projects with preparations underway for drilling.
A resource update is expected soon for Nicanda Hill.
Funds raised from the fully underwritten share purchase plan will fund planning and optimisation of proposed fracture stimulation on the Jack Howe-1H well.
The company believes it can deliver commercial success even with current low oil prices.
The value of the proposed merger with Cirrus Networks has been demonstrated by its securing $4.6 million in new contracts.
Further growth is expected with a strong sales pipeline and expansion into new industries.
Drilling at Republic Reef will test the most prospective core close to the East Lode fault.
This has the potential to increase mine life at the Matilda Gold Project.
Follow-up drilling will begin by the end of May at the Red Hill Prospect, which is part of the Broken Hill Joint Venture Project.
Recently high grade copper-nickel-platinum group metal mineralisation was discovered.
Peninsula Energy's construction of its Lance Uranium projects are on budget and schedule in Wyoming, with first production scheduled in 2015.
The long term uranium price has risen in recent months.
The binding 20-year offtake agreement worth at least US$2 billion with Yichang Xincheng Graphite is a major milestone for Triton Minerals.
Possibly one of the world’s largest and longest graphite supply contracts in the graphite industry, it positions the company for rapid development of its Mozambique projects.