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In Case You Missed It: Battery and base metals, oil and US FDA clearance for blood pressure tech
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Stockhead’s In-Case-You-Missed-It highlights some strongest performing ASX stocks that might have slipped your notice today.
It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms.
ICYMI Leader Board
Stocks highlighted in green have made market-moving announcements (click headings to sort).
| Code | Company | Price | % Today | Market Cap |
|---|---|---|---|---|
| MCT | Metalicity Limited | 0.0025 | 25% | $7,009,079 |
| GSR | Greenstone Resources | 0.021 | 17% | $21,838,831 |
| RMX | Red Mount Min Ltd | 0.0035 | 17% | $6,815,553 |
| GBZ | GBM Rsources Ltd | 0.033 | 14% | $16,331,657 |
| MOH | Moho Resources | 0.024 | 9% | $4,568,568 |
| M2M | Mtmalcolmminesnl | 0.038 | 9% | $2,179,660 |
| IXR | Ionic Rare Earths | 0.027 | 8% | $98,652,623 |
| OBM | Ora Banda Mining Ltd | 0.155 | 7% | $233,615,332 |
| BEZ | Besragoldinc | 0.24 | 7% | $79,618,925 |
| ADD | Adavale Resource Ltd | 0.018 | 6% | $8,831,944 |
| SIS | Simble Solutions | 0.01 | 5% | $5,728,032 |
| PSC | Prospect Res Ltd | 0.1525 | 5% | $67,027,622 |
| MAU | Magnetic Resources | 0.52 | 5% | $113,608,629 |
| RLF | Rlfagtechltd | 0.21 | 5% | $18,176,643 |
| LRS | Latin Resources Ltd | 0.12 | 4% | $253,190,316 |
| INR | Ioneer Ltd | 0.3 | 3% | $608,518,097 |
| HAL | Halo Technologies | 0.165 | 3% | $20,719,234 |
| NWM | Norwest Minerals | 0.038 | 3% | $9,152,735 |
| AQI | Alicanto Min Ltd | 0.04 | 3% | $20,912,331 |
| EUR | European Lithium Ltd | 0.087 | 2% | $126,585,330 |
| IHL | Incannex Healthcare | 0.1225 | 2% | $190,441,243 |
| KLI | Killiresources | 0.061 | 2% | $2,014,500 |
| MZZ | Matador Mining Ltd | 0.071 | 1% | $22,065,318 |
| PGD | Peregrine Gold | 0.355 | 1% | $19,628,627 |
| DEG | De Grey Mining | 1.6625 | 1% | $2,568,119,575 |
Metalicity (ASX:MCT) has been granted exploration permit application, EPM 28121, comprising an area of 90 sub-blocks totalling around 300km2 in North Queensland, which is underexplored and considered to be highly prospective for various minerals including gold, lithium, battery and base metals.
The project is just 20km east and south from Georgetown and approximately 75km southeast from the company’s Mt Surprise Project.
“To be able to secure this tenure in such an historically mineral rich area, with several strike kilometres of pegmatites and other felsic intrusives that have never been assayed and within several kilometres of Buchannan pegmatite hosted lithium-tantalum deposit held by Strategic Metals Australia is incredibly exciting,” MD Justin Barton said.
Oil minnow Brookside Energy (ASX:BRK) has revealed a solid independent reserves certification for its SWISH Area of Interest in Oklahoma.
According to the company, the estimate now sits at 11.9 million Barrels of Oil Equivalent (BOE) Proved and Probable Reserves (2P) net for Brookside’s Working Interest and net of royalties.
Greenstone Resources’ (ASX:GSR) decision to include overlying and outcropping nickel-manganese mineralisation at the Mt Thirsty project has proven to be a wise one with its resource increased by 146%.
Mt Thirsty (50% Greenstone Resources, 50% Conico Limited) now has an Indicated and Inferred resource of 66.2 million tonnes grading 0.06% cobalt, 0.43% nickel and 0.45% manganese, which is also the second highest cobalt-nickel ratio for similar pre-development projects in Australia.
The project is uniquely positioned to produce Precursor Cathode Active Material (pCAM) – a high value product containing cobalt, nickel and manganese.
GBM Resources (ASX:GBZ) has offloaded its remaining 50% share of the non-core Malmsbury gold project to Novo Resources (TSX:NVO) for $1m cash and 4m NVO shares (worth ~$1.5m at current prices).
It also keeps a 2.5% net smelter royalty (NSR), which is a percentage of revenue the company could receive in the future from gold sales.
For GBZ, it’s a zero-risk way to retain exposure to the project, with the focus now on the Drummond Basin in Queensland where the company has expanded JORC resources to ~1.84Moz of gold across the Mt Coolon, Yandan and Twin Hills projects.
Health devices and wearables tech company CardieX (ASX:CDX) was granted 510(k) clearance for its CONNEQT Pulse vascular biometric monitor from the US Food and Drug Administration (FDA).
The CONNEQT Pulse is a world-first multi-use vascular biometric monitor that provides measurements of both brachial blood pressure (the pressure at your arm), and central blood pressure (the pressure at your heart/aorta), along with arterial waveform analysis and other unique vascular biomarkers.
“This technology has the potential to truly revolutionise the way hypertension and vascular disease is diagnosed and managed in the future,” CEO Craig Cooper said.
And uranium explorer ENRG Elements (ASX:EEL) has boosted uranium resources by 100% at the flagship Agadez project in Niger.
The new 21.5 Mlbs U3O8 resource from the shallow Takardeit deposit also includes a 6.8% increase in grade (31.1Mt at 315 ppm U3O8).
EEL is already planning its next resource upgrade, with a new drilling program expected to kick off mid-year.
At Stockhead we tell it like it is. While Metalicity, Greenstone Resources and GBM Resources are Stockhead advertisers, they did not sponsor this article.
