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By Reuters Staff
2 Min Read
May 13 (Reuters) - Australian shares slipped on Thursday, as local technology stocks got whacked after a stronger-than-expected U.S. inflation data raised concerns of a tighter monetary policy and set off further selling in growth stocks on Wall Street.
The S&P/ASX 200 was down 0.4% at 7,016.4 points, as of 0026 GMT.
Wall Street closed lower overnight as inflation data showed consumer prices unexpectedly rose by the most in nearly 12 years in April, fuelling concerns over whether interest rate hikes from the Federal Reserve could happen sooner than anticipated.
In other markets, Japan’s Nikkei was down 1.36% at 27765.67, and the S&P 500 E-minis futures were up 0.25%.
Okapi Resources Limited (ASX:OKR) to Acquire Multiple Large Scale Kaolin Halloysite Projects
Okapi to Acquire Multiple Large Scale Kaolin Halloysite Projects Perth, May 12, 2021 AEST (ABN Newswire) - Okapi Resources Limited (
ASX:OKR) is pleased to advise that the Company has entered into a binding heads of agreement to acquire Bulk Mineral Holdings Pty Ltd ( Bulk Minerals ) which holds two (2) granted exploration licenses in Western Australia and four (4) exploration licence applications in South Australia ( Acquisition Agreement ). Refer to Figure 1 for the location of the projects.
Highlights
- Okapi to acquire large scale Kaolin Halloysite and Heavy Mineral Sands Projects across SA and WA with a combined land package of ~2,127 km2
Andromeda Metals begins Great White kaolin drill program targeting Ultra Bright Domain
Drilling will provide additional material for testing and assist in better defining and potentially extending mineralisation to the north of the deposit. Fired brightness discs from ceramic testing completed recently.
Andromeda Metals Ltd (ASX:ADN) has started a new aircore drilling program at Great White deposit within the Great White Kaolin Project joint venture with Minotaur Exploration Ltd (ASX:MEP) on South Australia’s Eyre Peninsula.
The 2,500-metre program will focus on the high purity kaolin (non-halloysite type) Ultra Bright Domain of the deposit.
This program aims to provide additional material for ongoing testing and to better define the Ultra Bright Domain.
By Reuters Staff
2 Min Read
May 3 (Reuters) - Australian shares rose on Monday, boosted by gains in the country’s second-biggest lender Westpac Banking Corp after upbeat earnings, but gains were capped by losses in miners and energy companies on weak commodity prices.
The S&P/ASX 200 index was up 0.5% at 7,059.5 as at 0034 GMT.
The top percentage gainers on the were Charter Hall Group, up 1.14%, followed by Ampol Ltd, gaining 1.06% and Blackmores Ltd, rising 1.06%.
Financial stocks were the biggest percentage gainers, adding about 1.5%, with Australia and New Zealand Banking Group and Commonwealth Bank of Australia gaining 0.5% each.
Westpac jumped as much as 4.4%, after it reported a near three-fold jump in its first-half cash earnings, and it laid out a three-year plan to cut costs.