Mirabela Nickel enters top 200 club

Brazil-focused Mirabela Nickel has entered the top 200 club as Standard & Poor's conducts its quarterly rebalancing of Australian equity indices.

Mirabela Nickel, which is developing its Santa Rita nickel project in Brazil, entered the S&P/ASX 200 along with Graincorp, replacing PMP and Sunland Group.

For the S&P/ASX 300 index, WA newcomers included Mantra Resources, Clough, Perilya, Conquest Mining and Berkeley Resources.

Heading out were Otto Energy, Moly Mines and VDM Group.

The rebalancing that will come into effect at the close of trade on September 18.