ASX Market Close: Index ends week 1.3% higher | August 16, 2024

The ASX200 cruised up 1.3% to close above 7970 points. Energy & Materials were the best performing sectors – both gaining 2%.

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

The S&P500 has clocked six straight green sessions now, and just like that, financial markets have forgotten last week’s panic about the risk of a looming US recession.

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

Located in far north Queensland, the mine has been operating on a cost-plus basis for the previous 14 months.

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

A disappointing day for Silver Mines' (ASX:SVL) shareholders was exemplified in a 10% sell off in afternoon trades.

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

IMDEX Limited (ASX:IMD) shares jumped 3.5% on Friday trades as the company confirmed it's settled with Boart Longyear over a patent lawsuit involving downhole drilling tools.

ASX Market Update: Solid gains to end the week | August 16, 2024

The ASX200 has gained about 1.3 per cent in early trade, with all sectors trending up. Materials are strongest, adding 2.4 per cent with Energy also gaining 2 per cent. The Financial sector is also doing well, adding 1.5 per cent with a solid performance by CBA, which is again at record levels.

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Argent Minerals Ltd has confirmed a 51-hole program of drilling in September to assess polymetallic prospects discovered earlier this year.

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Victory Metals (ASX:VTM) intends to boost the heavy rare earth element (HREE) resource for its North Stanmore project.

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Miramar Resources (ASX:M2R) has launched drilling for nickel copper and cobalt in WA's north with the help of a state government Exploration Incentive Scheme (EIS) grant.