S&P/ASX 200 (INDEXASX:XJO) fell 0.28% to 6805 as Greater Brisbane will enter a three-day lockdown from Monday night after 10 new cases were recorded in Queensland.
Monday 29 March – coronavirus cases in Queensland:
• 4 new locally acquired
• 6 overseas acquired
• 73 active cases
• 1,456 total cases
• 2,147,661 tests conducted
Sadly, six Queenslanders with COVID-19 have died. 1,343 patients have recovered.#covid19 pic.twitter.com/Il8rFIUdAy
— Annastacia Palaszczuk (@AnnastaciaMP) March 28, 2021
Oil prices rose by 4.1% on Friday due to fears that a container ship blockage at the Suez Canal could last for weeks.
The Suez Canal accounts for about 30% of global container ship traffic each day.
If the blocked container ship is not freed soon, the logjam could impact the oil market, shipping and container rates, leading to a rise in the cost of everyday goods.
Top gainers
Today’s top gainers on the ASX include Alta Zinc Ltd (ASX:AZI) (+20.00%), Buru Energy Limited (ASX:BRU) (+16.13%), Peninsula Energy Ltd (ASX:PEN) (+9.09%), Rimfire Pacific Mining N L (ASX:RIM) (+10.00%), Tyranna Resources Ltd (ASX:TYX) (+12.50%), Valor Resources Ltd (ASX:VAL) (+12.50%) and West Wits Mining Limited (ASX:WWI) (+26.32%).
Proactive news headlines:
Horizon Minerals boosts balance sheet by $7 million after divesting gold royalties
Horizon Minerals Ltd (ASX:HRZ) has executed a binding royalty sale and purchase agreement with Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) to divest its 100% interest in two royalties.
Eclipse Metals delineates high-grade quartz mineralisation below Ivittuut pit in Greenland
Eclipse Metals Ltd (ASX:EPM) has delineated high-grade quartz mineralisation below the Ivittuut open pit in Greenland based on ongoing analysis of historical diamond drilling reported by independent mining consultants North Atlantic Mining Consultants Ltd.
Pan Asia Metals intersects wide near-surface tungsten at Khao Soon in Thailand
Pan Asia Metals Ltd (ASX:PAM) has intersected near-surface tungsten mineralisation with good grades over robust widths while drilling at Than Pho West (TPW) prospect within the Khao Soon Tungsten Project (KSTP) in southern Thailand.
AVZ Minerals signs first Manono tin offtake through agreement with Noble Group subsidiary
AVZ Minerals Ltd (ASX:AVZ) (OTCMKTS:AZZVF) (FRA:3A2) has signed a binding offtake agreement for the sale of tin concentrate from the Manono Project in the DRC to Kalon Resources Limited, a 100%-owned subsidiary of Noble Group Holdings Limited.
Buru Energy expands footprint in northern Western Australia
Buru Energy Limited (ASX:BRU) (OTCMKTS:BRNGF) (FRA:BUD) is higher after accepting an offer for the award of bid block L20-1 in the onshore Carnarvon Basin, an area with highly prospective with geology and play types complimentary to its existing assets in the area.
Astro Resources pinpoints robust chargeability anomaly at Needles Gold Project in Nevada ahead of further drilling
Astro Resources NL (ASX:ARO) has defined a strong, robust IP conductivity anomaly in the centre of the Needles Gold Project in Nevada, USA, through modelling of a DC/IP anomaly generated in a recent survey.
West Wits Mining up 58% after path cleared for South African gold production with EA reinstated
West Wits Mining Limited (ASX:WWI) has been as much as 58% higher after having the path towards production this year at the Witwatersrand Basin Project (WBP) in South Africa cleared by the reinstatement of the Environmental Authorisation (EA).
Emyria Ltd and Cann Group collaborate to seek accelerated registration of unique, low-dose, CBD-only capsule with TGA
Emyria Ltd (ASX:EMD) and Cann Group Limited (ASX:CAN) (OTCMKTS:CNGGF) (FRA:CVJ) have entered into a collaboration agreement to seek the accelerated registration of a unique, low-dose, CBD-only capsule with Australia’s Therapeutic Goods Administration (TGA).
Sipa Resources completes first drill program at Murchison, progresses work programs across WA projects
Sipa Resources Limited (ASX:SRI) (FRA:SPO) is progressing exploration across its Western Australian tenement portfolio, testing multiple new gold and base metal targets.
SUDA Pharmaceuticals appoints leading cancer researcher Dr Anil K Sood to Scientific Advisory Board
SUDA Pharmaceuticals Ltd (ASX:SUD) (FRA:E4N) has appointed leading US-based cancer researcher Dr Anil K Sood to its Scientific Advisory Board.
Firefinch's drilling of Viper deposit at Morila Project delivers high-grade gold with resource estimation underway
Firefinch Ltd's (ASX:FFX) (OTCMKTS:EEYMF) (FRA:N9F) latest drilling from Viper Deposit within the Morila Gold Project in Mali has delivered high-grade gold, with a resource estimation update underway and increases in size and confidence expected.