In Case You Missed It: Gold mining, a media acquisition and some lithium

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
GMN	Gold Mountain Ltd	0.006	50%	$7,879,730
MCT	Metalicity Limited	0.002	33%	$5,604,129
BTR	Brightstar Resources	0.013	30%	$15,740,152
ALM	Alma Metals Ltd	0.013	18%	$12,144,009
RNU	Renascor Res Ltd	0.205	14%	$457,093,350
RMX	Red Mount Min Ltd	0.0045	13%	$9,087,404
ADX	ADX Energy Ltd	0.007	8%	$23,466,390
FBM	Future Battery	0.14	8%	$55,619,867
PGD	Peregrine Gold	0.28	8%	$14,586,679
HGO	Hillgrove Res Ltd	0.059	7%	$105,158,405
VMS	Venture Minerals	0.015	7%	$27,300,182
SLZ	Sultan Resources Ltd	0.047	7%	$6,520,362
XF1	Xref Limited	0.17	6%	$29,788,206
HRE	Heavy Rare Earths	0.09	6%	$5,056,474
AQI	Alicanto Min Ltd	0.037	6%	$18,911,788
DCC	Digitalx Limited	0.038	6%	$26,838,685
REC	Rechargemetals	0.3	5%	$27,016,575
ICI	Icandy Interactive	0.042	5%	$53,688,227
MTM	MTM Critical Metals	0.115	5%	$9,719,331
SVM	Sovereign Metals	0.48	4%	$216,602,511
SUM	Summitminerals	0.13	4%	$3,090,944
PFE	Panteraminerals	0.08	4%	$3,965,586
FHE	Frontier Energy Ltd	0.425	4%	$105,505,685
HHR	Hartshead Resources	0.029	4%	$78,643,100
NWM	Norwest Minerals	0.034	3%	$9,161,939
ARU	Arafura Rare Earths	0.345	3%	$707,977,172
T88	Taitonresources	0.18	3%	$9,016,795
SPN	Sparc Tech Ltd	0.2725	3%	$22,696,104
AEE	Aura Energy	0.19	3%	$105,609,088
BPH	BPH Energy Ltd	0.0195	3%	$17,674,474
IHL	Incannex Healthcare	0.1075	2%	$166,636,087
DXB	Dimerix Ltd	0.06	2%	$22,881,566
ANX	Anax Metals Ltd	0.066	1%	$26,815,361

Brightstar Resources (ASX:BTR) is set to become a rank-and-file gold producer in the next few weeks after it confirmed mining operations will restart at the Menzies gold project.

Mobilisation is planned for late July, with first material to be produced from its Selkirk gold mine in August.

In a JV with BML Ventures – which will supply personnel and equipment – gold from Selkirk will be processed through St Barbara’s (ASX:SBM) Gwalia processing plant.

The company will use the early cash flow from the production to advance its other near-term gold assets at Menzies and Laverton, including Cork Tree Well, which is undergoing an update of its mineral resource estimate.

BTR MD Alex Rovira said the Selkirk JV with BML signifies the first production for Brightstar that will generate meaningful free cash.

Southern Cross Media Group (ASX:SXL) is also on the winners list, announcing that ARN Media (ASX:A1N) has acquired a 14.8% interest in SCA for $38.3 million.

SXL said that under the Broadcasting Services Act 1992, A1N would be deemed to control its commercial radio and television broadcasting licences if it held an interest of 15% in SCA.

As SXL and A1N control the maximum permitted two commercial radio broadcasting licences in all metropolitan markets and several regional markets, the BSA prohibits A1N holding an interest of 15% or more in SXL.

Red Mountain Mining (ASX:RMX) has wrapped up phase 1 drilling at its Mustang lithium project in Nevada and says the majority of drill holes encountered over 45 metres of lithium bearing claystone consistent with expected host geology.

Assays are expected in around three weeks’ time.

Distributor of industrial supply products Coventry Group (ASX:CYG) says that based on year-to-date trading, the FY23 forecast sales guidance is around $355m, up 10.2% on FY22.

The FY23 forecast before significant items is around $17m, up 9.7% on FY22.

And Sovereign Metals (ASX:SVM) has commenced a graphite bulk sample program at its Kasiya project in Malawi for downstream testwork and product qualification for the lithium-ion battery industry.

At Stockhead we tell it like it is. While Sovereign Metals is a Stockhead advertiser, it did not sponsor this article.