Information technology stocks advanced 4% at midday Friday.
Technology company Xero (ASX:XRO) gained over 10% in recent trade.
On the flip side, the materials sector struggled, shedding nearly 3%.
BHP Group (ASX:BHP) shares fell 3% in recent trade.
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Asia
Aldoro Resources Intersects Longest Single Mineralized Intercept to Date from Namibia Project
Aldoro Resources (ASX:ARN) said a diamond drill hole from the Kameelburg project in Namibia returned the longest single mineralized intercept reported to-date at the project, with continuous niobium-rare earth elements-strontium mineralization across the entire 503.98 meters of drilled depth, according to a Friday Australian bourse filing.It reported an intercept of 503.98 meters at 1.3% grade of total rare earth oxides, 4.01% grade of strontium carbonate, 0.17% grade of niobium oxide, and 190 parts-per-million grade of molybdenum from the surface, confirming the carbonatite is mineralized across its entire eastern flank.The drill hole is expected to contribute substantial tonnage to the updated mineral resource estimate scheduled for release in June.
$ASX:ARN
Asia
Viridis Mining and Minerals Completes Drilling to Update Brazil Rare Earth Project Mineral Resource Estimate
Viridis Mining and Minerals (ASX:VMM) completed an infill drilling campaign aimed at updating the mineral resource estimate for the Colossus rare earth project in Brazil, according to a Friday Australian bourse filing.The campaign was primarily focused on the Northern Concessions prospect to convert indicated and inferred resources into the measured category.It encountered intercepts of eight meters at 7,076 parts-per-million grade of total rare earth oxides, including 167 ppm grade of dysprosium-terbium, as well as 16 meters at 7,434 ppm grade of total rare earth oxides, including 188 ppm grade of dysprosium-terbium.Its shares fell 2% in recent trading on Friday.
$ASX:VMM
Asia
First Resources Net Profit Jumps 53% in Q1
First Resources' (SGX:EB5) net profit attributable to owners climbed 53% during the first quarter of the year to $96.6 million from $63.1 million a year earlier, according to a Friday filing with the Singapore Exchange.Sales zoomed 70% year over year to $477.2 million from $280 million, backed by higher production of crude palm oil and palm kernel.Shares of the palm oil producer were down nearly 2% in Friday trading.
$SGX:EB5