In Case You Missed It: Cannabis comes out on top, with nickel and zinc not far behind
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.
Stocks highlighted in green have made market-moving announcements (click headings to sort).
Bumping resources out of top spot today was cannabis distributor Health House (ASX:HHI) ,which reports March quarter cash receipts of $6m – a 9.5% increase on the previous quarter – and year-to-date cash receipts of more than $16m.
The company is currently in discussions with a number of potential new suppliers to bring innovative new products into the Australian market and is on track for compliance with the TGA GMP requirements from 1 July 2023.
And chairman Dave Wheeler says HHI continues to work towards the proposed merger with Creso (ASX:CPH).
Sultan Resources (ASX:SLZ) has confirmed the prospectivity of its Kulin Hill nickel project with the final assays from a deep stratigraphic diamond hole, where it is chasing nickel, copper and PGEs along the same mobile belt as Chalice Mining’s (ASX:CHN) legendary Julimar discovery.
The company is zeroing in on a massive 2.2km long by 0.9km wide magnetic anomaly and is just waiting for heavy rainfall to ease off so it can drill the targets.
Rumble Resources (ASX:RTR) says a maiden inferred resource of 94Mt @ 3.1% zinc+lead and 4.1g/t silver positions Earaheedy in WA is “one of the largest zinc sulphide discoveries globally in the last decade”.
The project, a 75-25 JV with Zenith Minerals (ASX:ZNC), now has 2.2Mt of zinc, 600,000t of lead and 12.6Moz of silver within optimised pit shells.
There’s also more growth to come as the Chinook, Tonka and Navajoh deposits remain open downdip and along strike.
Buxton Resources’ (ASX:BUX) has flagged drilling results including 33m at 18.7% TGC, 32m at 17.7% TGC and 5m at 24.8% TGC at its Graphite Bull project.
With +2km of high grade, thick graphite mineralisation – which remains open – Graphite Bull is becoming a project of scale, the company said.
And Pinnacle Minerals (ASX:PIM) has accidentally discovered rare earths at the Disruptor prospect while testing historical elevated nickel geochemical results.
The returned elevated REEs in the bottom 40m included a maximum value of 626.3ppm TREO – with following up RC drilling now planned.
At Stockhead we tell it like it is. While Sultan Resources and Pinnacle Minerals are Stockhead advertisers, they did not sponsor this article.