Compass Resources Nl

On Thursday, the Australian shares rose for the third consecutive day led by rallies in overseas markets and strong commodities prices. The benchmark S&P/ASX200 index was up 30.7 points, or 0.88 per cent, at 3,526.2, while the broader All Ordinaries index had gained 26.2 points, or 0.76 per cent, to 3,461.3. The Australian market might lose its recent gains following the heavy fall in Wall St.

Indo Mines Ltd (ASX: IDO) and partner Compass Resources NL (ASX: CMR) have agreed to expedite the purchase of the highly prospective Nangali epithermal gold project in Peru, which they originally negotiated in June 2004 with a Newmont subsidiary.