The S&P/ASX 200 has taken an absolute beating, down almost 3% today as oil prices spike to fall sharply below its 200-day moving average.
Oil prices surge past US$100 as Middle East tensions rattle markets, but a handful of energy and deal-driven stocks still managed to buck the broader resources slump.
Management believes the index entry will broaden the group’s profile at a time of heightened investor and government interest.
The drill program will initially test high priority geological/geophysical targets and extensions across more than 8km of strike.
Managing director Ashley Jones said the award of the permit means that all key approvals are in place for mining activities to formally begin.
The clock is ticking for people wanting to claim a key tax benefit for catch-up super contributions to boost their retirement nest egg.
