ASX Morning Update: Green Hydrogen Projects and Gold Discoveries Drive Market Movements
Key Ideas
- ReNu Energy secures $8 million funding for Tasmanian green hydrogen project, boosting stock value by 100%.
- Western Gold Resources reports positive Scoping Study results for Gold Duke project in Western Australia, indicating significant gold mineral resource.
- Si6 Metals plans rights issue to fund exploration programs for Lithium, Rare Earth Elements, and Gold projects.
- Great Boulder Resources announces high-grade gold intersections at Mulga Bill project, enhancing the existing resource.
The ASX morning trade update highlighted significant movements in the market, with positive announcements driving the performance of various stocks. ReNu Energy saw a remarkable 100% increase in its stock value after securing a binding Grant Deed with the Tasmanian Government for funding its green hydrogen project. Western Gold Resources reported positive results from a Scoping Study for its Gold Duke project in Western Australia, showcasing a substantial gold mineral resource. Si6 Metals announced plans for a rights issue to raise funds for exploration programs across their Lithium, Rare Earth Elements, and Gold projects. Great Boulder Resources revealed impressive gold grades from infill and extensional drilling at its Mulga Bill project, expanding the existing resource. Overall, the morning update reflected a positive sentiment in the market, with a focus on green energy projects and precious metal discoveries.