In Case You Missed It: Ionic rare earths and a resources tech stock enjoys the June quarter
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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).
|Code||Company||Price||% Today||Market Cap|
|KGD||Kula Gold Limited||0.018||20%||$5,598,179|
|NWC||New World Resources||0.038||15%||$69,481,237|
|HRE||Heavy Rare Earths||0.11||13%||$5,770,329|
|RMX||Red Mount Min Ltd||0.0045||13%||$9,247,404|
|RDN||Raiden Resources Ltd||0.0085||13%||$15,414,517|
|LRS||Latin Resources Ltd||0.4025||10%||$957,076,585|
|TGM||Theta Gold Mines Ltd||0.11||10%||$70,007,501|
|ALM||Alma Metals Ltd||0.012||9%||$12,254,009|
|PSC||Prospect Res Ltd||0.125||9%||$53,159,838|
|GTR||Gti Energy Ltd||0.007||8%||$12,660,402|
|ADX||ADX Energy Ltd||0.0075||7%||$25,271,497|
|MRR||Minrex Resources Ltd||0.016||7%||$16,273,013|
|BC8||Black Cat Syndicate||0.38||6%||$96,075,523|
|RNU||Renascor Res Ltd||0.19||6%||$457,093,350|
|WWI||West Wits Mining Ltd||0.019||6%||$41,703,148|
|BPH||BPH Energy Ltd||0.021||5%||$18,604,710|
|HGO||Hillgrove Res Ltd||0.072||4%||$131,926,000|
|EYE||Nova EYE Medical Ltd||0.25||4%||$45,722,374|
|DEG||De Grey Mining||1.375||3%||$2,084,673,595|
|ARU||Arafura Rare Earths||0.2925||3%||$602,308,937|
|BM8||Battery Age Minerals||0.4||3%||$28,945,084|
|EUR||European Lithium Ltd||0.083||2%||$112,933,373|
|OBM||Ora Banda Mining Ltd||0.1125||2%||$186,443,806|
|SPN||Sparc Tech Ltd||0.27||2%||$22,696,104|
|ASN||Anson Resources Ltd||0.1525||2%||$190,578,535|
|FHE||Frontier Energy Ltd||0.35||1%||$88,779,174|
|HCH||Hot Chili Ltd||1.485||1%||$175,584,453|
Viridis Mining and Minerals (ASX:VMM) announced the acquisition of a significant ionic clay (IAC) rare earths deposit, which are typically found in southern China and neighbouring Myanmar, and are commonly considered to be some of the cheapest and most readily accessible sources of heavy rare earths.
The REE project VMM has secured is in the Poços De Caldas Alkaline Complex, Minas Gerais, Brazil, comprising the Colossus rare earth project, consisting of 41 Licenses (including 2 mining licenses) covering 56km2.
“The widespread high-grade REE mineralisation within the Colossus project in the upper ‘leached zone’ demonstrated by shallow drilling is particularly encouraging and provides the company with an exciting opportunity to define and grow a strategic resource within South America’s largest known Alkaline complex,” executive chairman Agha Shahzad Pervez said.
“Viridis will now commence an aggressive and systematic exploration program to delineate a maiden resource, to establish a supply chain of high-grade rare earth oxide for Western markets.”
Resource tech stock Orexplore Technologies (ASX:OXT) released a positive quarterly report for the period ended 30 June, flagging cash receipts from customers of $1.39 million compared favourably with receipts of $19k in the corresponding quarter in the prior year.
Total cash receipts for the first half of the year are $2.30 million.
The company is also stoked about forging ahead with “two key commercial contracts in the critical minerals sector” as well as “robust growth in the South American region pipeline and deep engagement with multiple customers on-site and through its laboratory.”
Raiden Resources (ASX:RDN) has confirmed multiple high-grade lithium-bearing pegmatites during due diligence reconnaissance outcrop sampling at the Roeburne project, immediately adjacent to Azure Mineral’s (ASX:AZS) Andover lithium discovery.
Notably, the 20 rock chip samples returned a top result of up to 2.22% Li2O.
A nice confirmation of prospectivity, especially since the company is in the process of acqusing the tenements.
Consumer-direct personal lender Harmoney Corp (ASX:HMY), has announced positive FY23 preliminary results this morning, plus some news of a new $140m funding facility from a “Big 4 Bank” added to its operations, in order to “expand growth capacity and endorse credit quality.”
And medical devices company Imricor Medical Systems (ASX:IMR) was granted an ethics approval to begin its VISABL-VT trial at Haga Hospital in The Hague, Netherlands to study the safety and efficacy of radiofrequency (RF) ablation of ventricular tachycardia (VT) when performed with IMR’s Vision-MR Ablation Catheter 2.0 device in a real time iMCR cardiac environment.
When we’ve worked out what an ablation catheter is, we’ll get back to you.
At Stockhead we tell it like it is. While Raiden Resources are Stockhead advertisers, they did not sponsor this article.