The Australian share market recorded a second consecutive week of strong gains, ending the four day trading week 1.3% higher, with large banks and miners among the beneficiaries.
The benchmark S&P/ASX 200 index closed on 5,588 points.
One of the stand out performers was Fortescue Metals Group, whose shares climbed more than 20% after the iron ore miner reported increased production and lower forecasted costs.
Shares in Fortescue are still down 52% over the past six months.
Fellow iron ore miners BHP Billiton and Rio Tinto also had positive weeks, their shares rising 2.7% and 3.9% respectively, although they too both have a long way to go to recover the ground they lost in the second half of 2014.
Overall, the ASX 200 resources index rose 1.7%, while the energy sector was down 0.4%, as the falling oil price continued to dictate.
The financials sector went up 1.9%, with CBA rising 3.1% and ANZ climbing 2.6%, while NAB and Westpac finished 2.3% and 0.5% higher respectively.
Company news was dominated by energy and mining companies again this week, with several announcing cost cutting initiatives as a way of coping with falling commodity prices.
Oil Search and Beach Energy both said they would reduce expenditure, while Oz Minerals announced a strategic review, helping its shares rise 14.5%.