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In Case You Missed It: Garnet, rare earths and an AI deal
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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 |
|---|---|---|---|---|
| CLE | Cyclone Metals | 0.0015 | 50% | $10,264,505 |
| RMX | Red Mount Min Ltd | 0.0055 | 38% | $9,087,404 |
| VAL | Valor Resources Ltd | 0.004 | 33% | $11,409,104 |
| CSF | Catalanoseafoodltd | 0.05 | 25% | $1,348,160 |
| MRD | Mount Ridley Mines | 0.0025 | 25% | $15,569,766 |
| IG6 | Internationalgraphit | 0.21 | 20% | $15,397,919 |
| CNJ | Conico Ltd | 0.008 | 14% | $10,990,665 |
| NWM | Norwest Minerals | 0.065 | 12% | $16,102,802 |
| GNM | Great Northern | 0.028 | 12% | $3,865,727 |
| BTR | Brightstar Resources | 0.011 | 10% | $15,740,152 |
| EZZ | EZZ Life Science | 0.56 | 10% | $21,779,550 |
| LEX | Lefroy Exploration | 0.24 | 9% | $35,300,760 |
| MKG | Mako Gold | 0.0315 | 9% | $16,191,224 |
| BUR | Burleyminerals | 0.19 | 9% | $13,058,466 |
| ALM | Alma Metals Ltd | 0.014 | 8% | $14,352,010 |
| ADX | ADX Energy Ltd | 0.0075 | 7% | $25,271,497 |
| RLG | Roolife Group Ltd | 0.0075 | 7% | $5,036,907 |
| XF1 | Xref Limited | 0.18 | 6% | $31,649,969 |
| LNR | Lanthanein Resources | 0.019 | 6% | $20,188,360 |
| STK | Strickland Metals | 0.039 | 5% | $58,821,064 |
| IXR | Ionic Rare Earths | 0.024 | 4% | $90,760,413 |
| BC8 | Black Cat Syndicate | 0.37 | 4% | $94,741,141 |
| PEX | Peel Mining Limited | 0.13 | 4% | $72,595,984 |
| MME | Moneyme Limited | 0.079 | 4% | $60,805,964 |
| ADD | Adavale Resource Ltd | 0.028 | 4% | $14,038,747 |
| G88 | Golden Mile Res Ltd | 0.059 | 4% | $18,775,202 |
| SVM | Sovereign Metals | 0.445 | 3% | $202,476,260 |
| PFE | Panteraminerals | 0.09 | 3% | $4,480,597 |
| NWC | New World Resources | 0.032 | 3% | $65,270,253 |
| IPX | Iperionx Limited | 1.135 | 3% | $212,843,370 |
| POD | Podium Minerals | 0.066 | 3% | $23,317,542 |
| HCH | Hot Chili Ltd | 1.2 | 3% | $139,153,665 |
| AQI | Alicanto Min Ltd | 0.035 | 3% | $18,371,451 |
| OEC | Orbital Corp Limited | 0.175 | 3% | $19,930,002 |
| DEG | De Grey Mining | 1.3775 | 3% | $2,091,963,666 |
| AEE | Aura Energy | 0.195 | 3% | $109,151,999 |
| REE | Rarex Limited | 0.04 | 3% | $26,082,243 |
| OMA | Omegaoilgaslimited | 0.2 | 3% | $29,820,207 |
| ENR | Encounter Resources | 0.41 | 3% | $158,210,312 |
| OSX | Osteopore Limited | 0.084 | 2% | $12,703,328 |
| BPM | BPM Minerals | 0.091 | 2% | $5,871,527 |
| LRS | Latin Resources Ltd | 0.3575 | 2% | $915,309,382 |
| VTM | Victory Metals Ltd | 0.255 | 2% | $16,639,174 |
| EYE | Nova EYE Medical Ltd | 0.27 | 2% | $50,436,892 |
| SPN | Sparc Tech Ltd | 0.275 | 2% | $23,124,332 |
| PGD | Peregrine Gold | 0.32 | 2% | $17,672,322 |
| OCN | Oceanalithiumlimited | 0.36 | 1% | $14,262,658 |
| EVS | Envirosuite Ltd | 0.1 | 1% | $124,898,404 |
| GT1 | Greentechnology | 0.67 | 1% | $141,630,053 |
Heavy Minerals (ASX:HVY) tipped the scales today after boosting resources at the Port Gregory garnet project in WA by 23% to 166Mt at 4% for 6.6Mt total heavy mineral (THM).
That includes 5.9Mt of contained garnet, representing ~5 years of current global demand, HVY says.
Port Gregory will contribute more than 10% to world garnet production when the mine comes online, pencilled in for 2027.
“The updated mineral resource estimate now credibly positions HVY to be the next potential garnet producer in the Port Gregory region,” HVY CEO Andrew Taplin says.
Garnet sand is a good abrasive, and a common replacement for silica sand in sand blasting. It is also used in waterjets to cut steel, and in water filtration.
HVY says industrial garnet demand is forecast to outstrip supply in the coming years with a widening deficit forecast from 2024 onwards, unless additional supply is brought to market.
Red Mountain Mining (ASX:RMX) has executed a binding farm-in agreement with Liontown Resources (ASX:LTR) for 80% interest in its prospective Monjebup Rare Earth Project where recent surface sampling include TREO of up to 969ppm.
The company says the terms are attractive in an all-scrip transaction and exploration requirement of $500,000 within 24 months.
Activeport Group (ASX:ATV) and Radian Arc have expanded their relationship that will accelerate artificial intelligence (AI) deployment within the telecommunications industry.
The collaboration aims to leverage Radian Arc’s AMD-based GPU platform, already installed in a rapidly expanding network of 50+ telco customers worldwide, to offer GPU-as-a-Service (GaaS) for AI.
This will enable telcos and their enterprise customers to easily deploy AI models within their networks, resulting in unique low-latency AI solutions.
Forrestania Resources (ASX:FRS) has now earned 50% in the 293sqkm Hydra greenfields lithium project in James Bay, Canada, forming a JV with TSXV-listed ALX Resources.
And Burley Minerals (ASX:BUR) has restarted diamond core drilling at its Chubb lithium project in Canada following the lifting of fire-related machinery restrictions.
At Stockhead we tell it like it is. While Burley Minerals is a Stockhead advertiser, it did not sponsor this article.
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