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In Case You Missed It: Imminent copper production, and comms company could meet full year guidance

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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 blue have made market-moving announcements (click headings to sort).

Code Company Price % Today Market Cap
CUF Cufe Ltd 0.015 15% $12,559,461
SIX Sprintex Ltd 0.041 14% $10,379,756
EZZ EZZ Life Science 0.565 11% $21,779,550
OEC Orbital Corp Limited 0.165 10% $17,585,296
PHO Phosco Ltd 0.077 10% $19,208,935
EVG Evion Group NL 0.038 9% $11,982,572
AW1 Americanwestmetals 0.195 8% $62,162,708
RGL Riversgold 0.013 8% $11,415,137
STM Sunstone Metals Ltd 0.027 8% $77,049,622
GTR Gti Energy Ltd 0.0075 7% $13,634,279
G88 Golden Mile Res Ltd 0.046 7% $14,163,749
MRR Minrex Resources Ltd 0.016 7% $16,273,013
FFG Fatfish Group 0.016 7% $16,322,983
AZS Azure Minerals 1.89 6% $694,620,208
LRS Latin Resources Ltd 0.37 6% $916,675,308
DXB Dimerix Ltd 0.074 6% $27,164,133
SLZ Sultan Resources Ltd 0.038 6% $5,334,842
ENR Encounter Resources 0.485 5% $181,941,859
BNL Blue Star Helium Ltd 0.0315 5% $47,585,102
LEX Lefroy Exploration 0.21 5% $32,091,600
QEM QEM Limited 0.21 5% $29,378,238
FBM Future Battery 0.11 5% $44,923,739
ITM Itech Minerals Ltd 0.23 5% $25,725,384
HHR Hartshead Resources 0.024 4% $64,599,689
LKE Lake Resources 0.245 4% $334,274,506
OSX Osteopore Limited 0.079 4% $11,773,816
EYE Nova EYE Medical Ltd 0.265 4% $48,533,613
DMM Dmcmininglimited 0.085 4% $2,455,900
DEG De Grey Mining 1.3975 4% $2,108,096,894
INR Ioneer Ltd 0.305 3% $622,276,773
KNG Kingsland Minerals 0.31 3% $13,415,940
NWC New World Resources 0.031 3% $63,164,761
BUR Burleyminerals 0.16 3% $15,700,997
GT1 Greentechnology 0.65 3% $134,175,839
EUR European Lithium Ltd 0.085 2% $115,721,852
IXR Ionic Rare Earths 0.0215 2% $82,868,203
IHL Incannex Healthcare 0.1075 2% $166,636,087
STK Strickland Metals 0.044 2% $68,359,615
CUS Coppersearchlimited 0.22 2% $11,350,902
SPN Sparc Tech Ltd 0.265 2% $22,267,875
ICI Icandy Interactive 0.055 2% $72,479,107
OCN Oceanalithiumlimited 0.29 2% $15,126,803
NIS Nickelsearch 0.06 2% $5,642,192
ARU Arafura Rare Earths 0.305 2% $634,009,408
DM1 Desert Metals 0.062 2% $4,425,006
ASN Anson Resources Ltd 0.1575 2% $196,931,152
POD Podium Minerals 0.068 1% $24,410,552
HGO Hillgrove Res Ltd 0.069 1% $130,014,029
SVM Sovereign Metals 0.495 1% $271,445,601
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First production is imminent from R3D Resources’ (ASX:R3D) 45,000t Tartana copper heap leach project in Queensland following the completion of a plant refurbishment.

‘Heap leaching’ involves piling ore on a pad then irrigating it with chemicals to dissolve the metal into a solution.

Originally pencilled in for December 2022, first production at Tartana has been steadily pushed back, probably due to delays in the plant refurb.

Tartana operated for around a decade before being placed in care and maintenance in 2014, producing 6,000-7,000tpa high quality copper sulphate pentahydrate.

Alongside sales of a low-grade zinc furnace slag/matte from its Zeehan project in Tasmania, Tartana will hopefully generate enough cash to underpin R3D’s exploration activities in the Chillagoe region of QLD, it says.

 

It’s a record year on the books expected by satellite and cellular tech company Beam Communications (ASX:BCC), which says it is likely to meet its full-year guidance of about $4 million in earnings before interest, tax, depreciation and amortisation, and revenue of approximately $40 million – significantly ahead of its FY22 revenue of $23.7 million.


Gold 50 (ASX:G50)
has drilled into gallium paydirt in 11 of 14 holes at the polymetallic Golconda project in Arizona, including a highlight 308m at 28.6g/t from surface.

That’s not true width, and we don’t know if those grades are consistent across the entire intercept.

We also don’t know for sure whether the grades are good or not, because it’s gallium, an obscure metal no one knew existed until a few weeks ago.

Used in semiconductors and other tech, gallium is in the headlines after world’s largest producer China announced export controls starting 1 August.

This is expected to boost prices for the metal, which currently fetches ~US$230/kg.

Gallium is usually produced as a by-product of bauxite or zinc mining.

Golconda was historically mined for lead and zinc, but also contains high grade gold, silver … and now gallium. It is also right next door to a big copper porphyry.

 

Bastion Minerals (ASX:BMO) has announced an early exercise of Canadian lithium option “pursuant to the Binding Heads of Agreement (HOA) with the shareholders of Austek Resources”.

This is in order “to acquire three highly prospective lithium property packages located in Ontario, Canada”, writes the exploration minnow, noting the negotiation of “significantly more favourable acquisition terms” on the company’s behalf.

 

Odessa Minerals (ASX:ODE) has confirmed the presence of extensive pegmatites in the Robinson Bore and Eastern lithium anomalies at the Lockier Range project in the Gascoyne Region of Western Australia.

The exploration gem also detailed further lithium and REE exploration plans and the appointment of a new exploration manager and geoscience services team.

 

And EZZ Life Science (ASX:EZZ) has reported cash receipts from customers totalling $13.5 million for the quarter, up 193% on pcp and 21% on the previous quarter.

This growth was primarily driven by continued sales growth on its e-commerce distribution channels in international markets.

 

At Stockhead we tell it like it is. While EZZ Life Science is a Stockhead advertiser, it did not sponsor this article.

Categories: News

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