Cape Range Limited

Australian Market Report of October 8, 2010 includes: Waratah Gold Limited (ASX:WGO) is to acquire iron ore project in Congo; Avonlea Minerals Limited (ASX:AVZ) will be granted vanadium and base metal licences in Northern Namibia; Cape Range Limited (ASX:CAG) signed a Memorandum Of Understanding to acquire a lithium project in Zimbabwe; Argus Solutions Limited (ASX:ASV) launched its American Depositary Receipt program.

The Australia share market has fallen sharply with 3pc in minutes of the start of trading this morning, after Wall St tumbled overnight. The benchmark S&P/ASX200 index was down as much as 3.3%, or 148.5 points, to 4391.9 in early trading.