Market Wrap – 2 July 2014

02 Jul 2014

ASX Micro to Mid-Capital Resources Stocks

Today’s top performer on ASX micro to mid-cap resources stocks was Dateline Resources Limited (ASX: DTR) up 100% to close at $0.024. Today, the company announced that it reached agreement with Southern Cross Exploration NL (ASX: SXX) with Southern Cross to subscribe for 15,000,000 fully paid ordinary shares to raise $600,000. The funds raised will be used for working capital purposes.

The worst performers of the day were Resource Mining Corporation Limited (ASX: RMI) and Thor Mining PLC (ASX: THR) both down 25%, both closing at $0.003. Resource Mining is an explorer focused on the development of its wholly owned Wowo Gap Nickel Project located in Papua New Guinea. Thor Mining is an explorer focused on its Molyhil Tungsten and Molybdenum Project located 220km northeast of Alice Springs in the Northern Territory.

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