Evening Wrap: ASX 200 rises on strong energy, banks and tech. Uranium stocks surge begs the question: Is the low in?

Retraction and apology

In the latest Market Index weekend newsletter, we mistakenly referred to Golden Deeps’ (ASX: GED) announcement of drilling results from its Havilah Project in NSW as “one of the dodgiest announcements I’ve seen in a while.”

This was based on a mistaken conclusion being drawn from the announcement headline, which referenced an 80m mineralised zone, and contrasted this with an excerpt from the third bullet point in the announcement which stated that the (80m) mineralised intersection “included a 28m zone (from 85.8m) of more intense sulphide mineralisation”. This was clarified later in the announcement on page 3 which described that the more intense sulphide mineralisation occurs within a zone of “disseminated chalcopyrite-sphalerite-pyrite mineralisation which occurs from 85m to 166m (over 80m)”.

Reference is also made to the pXRF results being “notoriously inaccurate (hence the cautionary note)”. We acknowledge that the disclosure of XRF results in the announcement is […]

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