S&P/ASX 200 gains 0.46% as Wall Street rebounds strongly overnight

US WTI crude oil price settled 51 cents, or 0.96%, lower at US$52.34 per barrel on Thursday.

ioneer Ltd - S&P/ASX 200
Gold price was unchanged on Friday as investors waited for developments around a US stimulus package.

S&P/ASX 200 (INDEXASX:XJO) has bounced back from yesterday’s slump by rising about 0.46% to 6,680 by 1.50 pm as Wall Street recovered overnight after its worst session in three months.

Locally, all sectors are managing to improve with the exception of energy and financial stocks and the index remains on track to lift for a fourth consecutive month.

GME Resources (ASX:GME)) has been placed in a trading halt after it continued to benefit from a case of mistaken identity.

The Western Australian Nickel Miner - which has the same trading ticker as the Reddit retail favourite GameStop (NYSE:GME) – surged another 53% this morning to 13 cents before trading was halted.

On Thursday, GME shares jumped more than 50% to 12 cents.

Top gainers

Today’s top gainers on the ASX include Ioneer Ltd (ASX:INR) (+14.93%), Alicanto Minerals Ltd (ASX:AQI) (+10.00%), Elementos Limited (ASX:ELT) (+41.67%), Polarx Ltd (ASX:PXX) (+9.09%), White Rock Minerals Ltd (ASX:WRM) (+20.65%) and Golden State Mining Ltd (ASX:GSM) (+13.79%).

Proactive news headlines:

Cervantes Corporation sets sights on advancing exploration at Primrose Gold Project in WA

Cervantes Corporation Ltd (ASX:CVS) enjoyed a productive December quarter, completing drilling programs across three target areas at its Primrose Gold Project in Western Australia.

Twenty Seven Co all set to start RC drilling at the Mt Dimer Mining Lease in Western Australia

Twenty Seven Co Ltd (ASX:TSC) (FRA:U9V) has appointed Ausdrill to undertake a reverse circulation (RC) drilling campaign at the Mt Dimer Mining Lease in Western Australia, to test below and along strike of the existing open pit, clearing the way for drilling to start by mid-February 2021.

Auroch Minerals' nickel exploration funding underpinned by cornerstone investor group

Auroch Minerals Ltd (ASX:AOU) (FRA:T59) has announced another large tranche of option conversions, predominantly by a group of key cornerstone investors, to contribute around $1.3 million to the working capital of the company. 

Artemis Resources to kick-start Carlow Castle Gold-Copper-Cobalt diamond drilling in late January

Artemis Resources Ltd (ASX:ARV) is set to kick-start diamond drilling at the Carlow Castle Gold-Copper-Cobalt Project in late January to finish 1,000 metres within the eastern mineral resource area in Western Australia.

European Lithium on schedule to hit another key DFS milestone at its advanced Wolfsberg Lithium Project in Austria

European Lithium Ltd (ASX:EUR) (FRA:PF8) (VSE:ELI) (NEX:EUR) is on schedule to achieve another key milestone of the definitive feasibility study (DFS) at its advanced Wolfsberg Lithium Project in Austria.

Venture Minerals raises $10 million to fully fund Riley Iron Ore Project and pave the way for first shipment

Venture Minerals Ltd (ASX:VMS) has completed a share placement to sophisticated, professional and institutional investors to raise A$10 million, fully funding the development of the Riley Iron Ore Project in northwest Tasmania and paving the way for the first iron ore shipment next quarter.

Oklo Resources targets maiden mineral resource estimate for Dandoko Project in Q1 2021

Oklo Resources Ltd (ASX:OKU) continued to advance its flagship Dandoko Project in Mali, West Africa, with resource definition drilling at the Seko deposit commencing during the December quarter.

Aeris Resources positions itself for growth following a strong December quarter

Aeris Resources Ltd (ASX:AIS) is gearing up for a memorable year ahead in the wake of measures taken by the company to make new copper discoveries at its Tritton Copper operations in New South Wales along with an updated mineral resource at its Cracow Gold operations in Queensland.

Pan Asia Metals Limited: actively drilling at three projects

Pan Asia Metals Limited's (ASX:PAM) is now well into the swing of public company life, with its shares having been traded on the ASX for four months.

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