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.


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Stocks highlighted in green have made market-moving announcements (click headings to sort).

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The top player today was GBM Resources (ASX:GBZ) who announced they’re ready to kick off diamond drilling at the Mount Margaret copper-gold project, part of its 45% owned Cloncurry Project Farm in/Joint Venture with Nippon Mining of Australia (NMA) – who’re fully funding exploration.

A ground-based electromagnetic (EM) geophysical survey in 2022 detected a strong and relatively deep conductor at the FC4 prospect, 7km north of the large Ernest Henry copper-gold mine (EHM).

Drilling is scheduled to commence this week with a single deep diamond drill hole to test for the presence of Eloise-type Iron Sulphide Copper Gold mineralisation (ISCG) within the same magnetic belt that hosts the EHM.

Evergreen Lithium (ASX:EG1) also had a very decent day, reporting a new substantial holder in Kim Wainwright, founder of exploration firm Xplore Resources and chair of the Queensland Exploration Council.

Also scooping up an 8.7% stake was Cadence Minerals (AIM:KDNC), an early stage investment and development company which also has/had investments in lithium companies like European Metals (ASX:EMH) and Charger Metals (ASX:CHR).

EG1’s flagship Bynoe lithium project is adjacent to Core Lithium’s (ASX:CXO) ramping up Finniss mine in the NT, which has a maiden 3500t shipment ready to go at Darwin port.

It also has a WA lithium project called Kenny, where results of an augur drilling project are due in the next few weeks.

Over in Africa, West Wits Mining (ASX:WWI) nabbed approval of power supplies from Johannesburg’s city grid – which it says will lead to a massive saving on energy at its 4.28Moz Witwatersrand Basin gold project, in a major boost for its economics.

Joburg City Power’s Planning Evaluation Committee has given approval for the supply of 7.5MVA bulk power to the company’s Phase-1 Qala Shallows development at a cost estimated to be “around 75% less expensive than using diesel power generators,” CEO and MD Jac van Heerden said.

And dual listed Copper Mountain Mining (TSX:CMMC, ASX:C6C) will be acquired by Hudbay Minerals (TSX, NYSE:HBM) to create Canada’s third largest copper producer (150,000tpa).

Each C6C shareholder will receive 0.381 of a Hudbay share for each C6C share held — a 23% premium to C6C shareholders based on both companies’ 10-day volume-weighted average share prices on April 12, 2023.

The C6C board has unanimously approved the deal, which will be voted on by shareholders.

“This transaction provides Copper Mountain shareholders with an attractive premium and the opportunity to participate in a more diversified portfolio of three operating assets and a leading organic copper growth pipeline,” C6C chair Edward Dowling said.

At Stockhead we tell it like it is. While GBM Resources and West Wits Mining are Stockhead advertisers, they did not sponsor this article.