Clean Tech, Copper and Nickel
Sydney, July 6, 2015 AEST (ABN Newswire) - The China CleanTech Index underperformed all of its four benchmarks for the month of June 2015 and recorded a loss of 12.9%. This was driven by big losses across all Chinese stocks due to the volatile Shanghai stock exchange.
Over the second quarter of 2015, the China CleanTech Index recorded a gain of 1.2%, outperforming three of its benchmark indices. The twelve month gain for the China CleanTech Index now stands at 49.0% driven by the China Hydro Index (+158%), the China Efficiency Index (+78%) and the China Water Index (+65%).
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Poseidon Nickel Ltd (ASX:POS) announced to shareholders that the company has completed its first Ore Reserve Estimation for the Maggie Hays Mine located at the recently acquired Lake Johnston Project as well as the upgraded Ore Reserve Estimation for the Mt Windarra Project. Initial Maggie Hays Probable Ore Reserve is 1.9 million tonnes @ 1.19% Ni for 22,600 tonnes contained nickel.
Stavely Minerals Ltd (ASX:SVY) advised that it has received highly encouraging assay results from recent diamond drilling at its 100%-owned Ararat Project in western Victoria. The results include significant high-grade gold intercepts of up to 11.3g/t Au with some impressive zones of massive sulphide copper mineralisation grading up to 5.91% copper.
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Stavely Minerals Ltd
Poseidon Nickel Limited