In Case You Missed It: Gold, drones and another Canadian lithium play
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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.
Stocks highlighted in blue have made market-moving announcements (click headings to sort).
Aircore drilling is required to get underneath the thin layer of transported cover, which acts to conceal potential deposits.
The fully funded program at Roberts Hill will kick off later this year once heritage and environmental approvals are received.
“We’re very focused on getting back to drilling for gold at Roberts Hill, we are immediately north of De Grey’s discovery of 10.6M ounces of gold and our ground is vastly under explored in comparison,” MTL boss Nick Poll says.
“Any potential deposit is going to be concealed by over 5m of covering sediments and surface soil sampling was inconclusive, so geophysics and aircore drilling are the most effective methods we will have, to make a discovery.”
Drone killer Droneshield (ASX:DRO) has been awarded a $33m US government contract the company’s “equipment and multi-year services”.
This follows a $9.9m order announced earlier this month from another customer among the Five Eyes community.
Narryer Metals (ASX:NYM) has inked a deal to buy five early-stage lithium projects in the James, Bay, Abitibi and NW Ontario regions.
Pontax East, Le Moyne, Walrus Island, Eades and Hailstone are down the road from established heavier hitters like Patriot Battery Metals (ASX:PMT), Winsome Resources (ASX:WR1), Power Metal (TSX-V:PWM), and Green Technology Metals (ASX:GT1).
An early-stage sampling program will kick off later this month/early August.
Maiden drilling at Miramar Resources (ASX:M2R) Whaleshark iron-oxide-copper-gold (IOCG) project in WA will kick off at the end of the month.
IOCGs can be deep but tremendously large, simple-to-process concentrations of copper, gold and other economic minerals.
Whaleshark has potential to host a significant IOCG deposit like Evolution Mining’s (ASX:EVN) Ernest Henry, or BHP’s (ASX:BHP) Carrapateena or Prominent Hill, exec chairman Allan Kelly says.
And Greenstone Resources (ASX:GSR) is back drilling at its Burbanks gold project with sight sset on another increase in the Mineral Resource Estimate (MRE).
At Stockhead we tell it like it is. While Narryer Metals, Miramar Resources and Greenstone Resources are Stockhead advertisers, they did not sponsor this article.