In Case You Missed It: High-grade lithium results and a massive 1.3Moz gold resource
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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 green have made market-moving announcements (click headings to sort).
The RC drilling program was designed as a proof-of-concept campaign to test for LCT (Lithium Caesium Tantalum)-style mineralisation in fractioned pegmatites and validate a historical high-grade gold intercept previously reported.
Following the success of the maiden program, WSR executive director Lindsay Franker says the company is planning the next phase of drilling which will target along strike and down dip extensions.
Also on the hunt for white gold, Reach Resources (ASX:RR1) saw its shares surge after rock chip samples returned assays of up to 2.3% Li2O, confirming the presence of large, strike extensive lithium-bearing pegmatites at the Morrisey Hill project.
The pegmatites, which are interpreted to be of the spodumene-petalite subtype, also returned up to 4,295 parts per million caesium and 705.8ppm tantalum at the Bonzer prospect.
While the results are certainly encouraging for RR1, it is also clear that it is only just starting to scratch the surface of what is present at its tenements in the Yinnetharra region within WA’s Gascoyne Province.
A monster 1.3Moz maiden resource was unveiled by WIA Gold (ASX:WIA) at the Kokoseb deposit in Namibia, a short 11 months from the discovery drill hole.
At US$2/oz per ounce of contained gold, WIA says this is one of the lowest resource discovery costs by industry standards.
Moving into the world of biotech, Nanollose (ASX:NC6) has filed an application with IP Australia, adding to its growing portfolio of intellectual property.
The application, entitled “Method for Dewatering Microbial covers Cellulose” the production process for a readily rehydratable dry formulation of Nanollose’s Jelli Grow soil-less seed raising medium.
NC6 says the ability to dry and then rehydrate the microbial cellulose represents a major advancement over the company’s previous Jelli Grow formulation, and was developed in response to feedback from prospective customers.
At Stockhead we tell it like it is. While Reach Resources and Nanollose are Stockhead clients, they did not sponsor this article.