Dragging the index higher was the resource sector, helped by a big rebound in Australian Dollar Priced Gold. Currently the yellow metal is fetching circa A$1640 an ounce, providing some significant margins for domestic producers.
The next key catalysts for Buru will be the test results from the Ungani Far West 1 well. This highly anticipated news flow is expected over the next couple of weeks.
Protean Wave Energy should attract significant investment interest with the acquisition of a patented wave power technology that is designed to convert ocean waves to electricity. The acquisition will see the company emerge as a renewable energy company on the ASX.
"Today’s DOE decision is an extremely positive milestone for Bear Head LNG as it removes a significant risk for the project," Bear Head LNG President Maurice Brand said.
Intermin has intersected more high-grade gold, which is outside the current resource envelope. An upgraded resource is expected in the March quarter 2016.
A shining light on the ASX are gold stocks, as the price of the yellow metal in Australian Dollars continues to soar. In focus today will not only be producers, but also explorers with news flow and results pending.
Metro Mining's managing director, Simon Finnis, joined Proactive's Spotlight CEO Sessions roadshow this week in Sydney and Melbourne. Metro's assets are located in Cape York’s world-class bauxite province.
The two companies are finalising strategic funding needs for WinterGarden and transaction completion. These discussions are at an advanced stage and IGS expects to finalise them in the coming weeks.
Uwe Boettcher joined Proactive's Spotlight CEO Sessions roadshow this week in Sydney and Melbourne. XTEK is working towards two company-making milestones in the next six months.
Strengthening relationships, a multi-pronged research program and an agenda for milestone payments have Pharmaxis in good shape.
Patrick McManus, joined the Proactive's Spotlight CEO Sessions roadshow this week in Sydney and Melbourne. The company is building a fertiliser project on one of the world’s largest glauconite deposits.
This strategically located permit is within the prolific Kenieba Inlier 15 kilometres to the west of the company's Dandoko Project, and also near the 5.15 million gold ounce Fekola discovery.