Market Update: Industrials and energy set the pace on a slow day


The ASX200 is up .05 of a per cent – coming in lower than future’s predictions this morning.

Industrials and energy are leading so far – both up more than half a per cent – whilst materials and financials are in the red.

In company news

Boss Energy (ASX:BOE)is down nearly half a per cent despite news that the commissioning process at its Honeymoon uranium project in South Australia is proceeding to plan.

The Aussie uranium producer says it’s preparing for first uranium sales as early as July, with cash to be received in Q3 2024.

BOE has been trading at $5.59.

Iceni Gold (ASX:ICL) is up 134% on news it’s discovered a spectacular vein of gold – with some grading more than 18 grams per tonne.

This is set to expand the shear of its Christmas Gift prospect in Western Australia, which forms part of the company’s 14 Mile Well gold project.

ICE has been trading at 5.4 cents.

And Larvotto Resources (ASX:LRV) is up more than 30% on news of solid intercepts of gold grading beyond 65 grams per tonne found at the Baker’s Creek section of its Hillgrove Gold-Antimony project in New South Wales.

Amongst the diamond drilling highlights picked up on site were intercepts of 31 metres at 65.8 grams per tonne (g/t) from a depth of 244m.

LRV has been trading at 9.4 cents.


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