The US House of Representatives passed a $1.9 trillion COVID-19 relief package on Saturday.
S&P/ASX 200 (INDEXASX:XJO) has jumped 1.26% to 6,757 points by 1.57 pm after Aussie national home prices surged 2.1% in February – the most since August 2003.
Regional home prices also gained 2.1%– the most in 17 years. Home prices are at record highs in Canberra, Adelaide, Brisbane and Hobart.
The manufacturing sector has also posted encouraging numbers, with the AiGroup Performance of Manufacturing index rising by 3.5 points to 58.8 in February – the highest monthly result since March 2018.
However, the final’ HS Markit Manufacturing Purchasing Managers’ index eased from a 4.5-year high of 57.2 in January to 56.9 in February.
Today’s top gainers on the ASX include () (+14.29%), Domacom Australia Ltd () (+12.86%), () (+17.24%), () (+13.33%) and () (+14.29%).
Proactive news headlines:
YPB Group receives firm commitments for $750,000 to advance technical development of Motif Micro
() has received firm commitments from institutional, professional and sophisticated investors to raise up to $750,000 for the technical development of Motif Micro, a smartphone readable forensic authentication solution.
Alice Queen drill results confirm evidence of porphyry system at Boda East
() has completed 10 diamond drill holes for 6,819.62 metres at Boda East prospect within Yarindury Project in the highly prospective Northern Molong Belt of the Lachlan Fold Belt in Central West NSW.
Venture Minerals in at-the-market subscription agreement with Acuity Capital for up to A$10 million of standby equity capital
() () has entered into an at-the-market subscription agreement (ATM) with Acuity Capital, providing the company with up to A$10 million of standby equity capital over the coming 28-month period.
Red River Resources pours first gold at Hillgrove Mine and ramps up production
Red River Resources Ltd () (FRA:R1R) has poured first gold at its Hillgrove Gold Mine in northern New South Wales, with the first bar poured weighing 0.97 kilograms and grading 83% gold and 13% silver.
Latin Resources to begin exploration on Salinas Project in lithium-rich yet underexplored area of Brazil
() (FRA:XL5) will start extensive exploration on Salinas Lithium Project held by 100%-owned Brazilian subsidiary, Mineracao Ferro Nordeste, in the Jequitinhonha Valley region of Minas Gerais, a lithium-rich but underexplored region.
Archer Materials makes progress with patent applications for 12CQ quantum computing qubit processor chip
() () (FRA:38A) continues to make progress with patent applications for its 12CQ quantum computing qubit processor chip and has received First Office Actions (FOAs) from the Patent Offices of the US, China and Australia.
Creso Pharma poised to enter US market with established partner after signing non-binding letter of intent with CERES
() () (FRA:1X8) has executed a non-binding letter of intent (LOI) with CBD and plant-based remedies provider CERES Natural Remedies to distribute and sell Creso’s anibidiol® range of CBD and hemp animal health products in the USA.
St George Mining escalates drilling at flagship high-grade Mt Alexander Nickel-Copper Sulphide Project with second diamond drill rig
St George Mining Limited () (FRA:S0G) has escalated drilling at its flagship high-grade Mt Alexander Nickel-Copper Sulphide Project, in WA’s north-eastern Goldfields, with a second diamond drill rig now in operation.
Andromeda Metals passes key milestone by submitting mining lease application for Great White Kaolin Project
() has achieved a key milestone with applications lodged for a Mining Lease and two Miscellaneous Purposes Licences for the proposed development of the Great White Kaolin Joint Venture Project with Minotaur Exploration Limited () on South Australia’s Eyre Peninsula.
Rimfire’s initial Transit assays reveal high-grade gold
() is encouraged by initial assays from a three-hole reverse circulation (RC) program which has intersected high-grade gold at Transit Prospect in the Sorpresa Earn-in Area at Fifield within the prolific Lachlan Transverse Zone of NSW.
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