The ASX200 was down 0.15% in lunchtime trades.
Healthcare was in front, up 0.52% – partially driven by strong results from Clinuvel.
Materials and Financials were the top draggers on the bourse on Friday in contrast to Thursday – that comes despite a rally in coal stocks and a rebound in the iron ore price.
Company News
CLINUVEL Pharmaceuticals (ASX:CUV) is up around 15% on results from a study evaluating the DNA-repair capacity of afamelanotide on skin of healthy volunteers exposed to ultraviolet (UV) radiation.
The test results were presented by Clinuvel at the British Association of Dermatologists meeting in Manchester.
CUV has been trading at $17.38.
Two months on from receiving a $160 million contract from the WA government to take on the Collie battery project, Southern Cross Eletrcial Egineering (ASX:SXE) has announced it has added another $50 million to the value of the project, with the awarding of a battery storage system from Synergy.
The company will now add the Collie Battery Energy Storage System 330kiloVolts Switchyard Package to its original deal with Synergy.
This increases the total project value to $210 million, scheduled for completion by Q2 2025.
SXE has been trading at $1.73.
Red Hill Minerals (ASX:RHI) has signed a conditional binding Heads of Agreement with Peel Far West Pty, a subsidiary of ASX-listed Peel Mining (ASX:PEX), to explore the Curnamona Project in NSW. This agreement allows Red Hill to earn a 75% interest by investing $6.5 million in exploration over five years.
The Curnamona Project covers over 1,460 km² in the Broken Hill region of NSW, known for its potential Tier 1 Zinc-Lead-Silver deposits.
RHI has been trading at $7.91.
Auric Mining (ASX:AWJ) shot up 7.5% after it announced it expects to generate $3 million revenue in Q3, driven by $2 million in gold sales and an additional $1 million repayment.
The company has issued a milling notice to toll treat 150,000 tonnes of ore starting from late July 24th, spanning 6-7 weeks.
Currently, 75,000 tonnes of product are on-site. At Greenfields, AWJ aims to process 300,000 tonnes through the mill over the next eighteen months.
AWJ has been trading at 21.5 cents.
