In Case You Missed It: Lithium acquisitions and commercialising birds’ nests
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Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar.
Below is a wrap of the top 20 performing stocks, by percentage, who made announcements today.
|Code||Company||Price||% Today||Market Cap|
|AL8||Alderan Resource Ltd||0.013||63%||$4,933,557|
|BP8||Bph Global Ltd||0.0025||25%||$2,669,460|
|EDE||Eden Inv Ltd||0.003||20%||$8,409,092|
|GCM||Green Critical Min||0.008||14%||$7,956,095|
|KGL||KGL Resources Ltd||0.14||8%||$73,747,942|
|HZR||Hazer Group Limited||0.49||7%||$91,840,250|
Alderan Resources (ASX:AL8) has acquired 100% ownership of seven lithium exploration projects from Parabolic Lithium, consisting of 24 granted exploration licences covering 472km2 in Brazil’s Eastern Lithium Belt.
BPH Global (ASX:BP8) is acquiring Foshan Gedishi Biotechnology, which is set to commercialise its birds’ nest business following a successful pilot study with BP8’s China partners.
Resource Base (ASX:RBX) has identified and mapped abundant pegmatitic outcrops over both the Wali and Ernst Lake projects within the prolific James Bay region in Québec, Canada.
OzAurum Resources (ASX:OZM) has received firm commitments to raise $2.4m via a placement at $0.075 per share to commence exploration of its new Linopolis Jaime lithium project in Brazil.
National Tyre & Wheel (ASX:NTD) subsidiaries have signed a deal with Goodyear and Dunlop Tyres (Australia) and Goodyear and Dunlop Tyres (New Zealand) for the wholesale distribution of Dunlop consumer and commercial tyres expected from in November 2023 in New Zealand and from April 2024 in Australia.
YPB Group (ASX:YPB) says its invisible anti-counterfeit technology could combat the use of bogus engine parts in jet repairs.
Mapping at Burley Minerals (ASX:BUR) Chubb North lithium project in Québec, Canada, has identified new pegmatite targets to drill test.
Metalicity (ASX:MCT) says there’s a “promising polymetallic mineralised system emerging” at the Mt Surprise project in north Queensland after rock sampling returned hits up to 9.45% copper and 614g/t silver plus high grade tin and lead.
Basin Energy (ASX:BSN) intersected up to 0.27% uranium mineralisation in maiden drilling at its Geikie project in Canada.
Major shareholder QX Resources (ASX:QXR) has welcomed a slew of near surface nickel-copper hits – including 6.9m at 1.2% nickel and 2.2% copper – from Bayrock Resources’ Vuostok project in Northern Sweden.
New Age Exploration (ASX:NAE) has raised up to $2.5m to drill a bunch of targets at its highly prospective but under-explored Central Pilbara lithium projects.
Lithium Energy (ASX:LEL) has returned its highest lithium grade to date in the upper aquifer at its flagship Solaroz project in Argentina of 483mg/l lithium from a depth of 233m to 257m.
Mt Malcolm Mines (ASX:M2M) released an exploration target for the Golden Crown project of 120,000-150,000t at between 10-15g/t gold.
Marmota (ASX:MEU) has begun calcrete sampling at several targets where highly anomalous gold-in-calcrete samples have previously been recorded at its Project X rare earth exploration program.
Up to 12% TREO and 3.19% NdPr has been discovered at the El Campo deposit at Locksley Resources (ASX:LKY) Mojave project in southern California.
Magnetic Resources (ASX:MAU) has received binding commitments for approximately $4.8 million via a placement at $0.72 per share to progress infill and extensional drilling, increase resources and to complete an initial feasibility study at its Laverton gold projects.
All conditions precedent to the binding US$300 million gold purchase agreement with Besra Gold (ASX:BEZ) major CDI holder Quantum Metal Recovery have now been satisfied.
Asra Minerals (ASX:ASR) has appointed experienced and well-respected geologist John Harris as exploration manager, commencing in the role next month.
Maronan Metals (ASX:MMA) has announced further high grade silver with lead results from exploratory drilling at its Maronan copper-gold and silver-lead deposit in QLD.
At Stockhead we tell it like it is. While YPB Group, Burley Minerals, Metalicity, Basin Energy, QX Resources, New Age Exploration, Lithium Energy, Resource Base, Mt Malcolm Mines, Marmota, Locksley Resources, Magnetic Resources, Besra Gold, Asra Minerals, Maronan and Alderan Resources are Stockhead advertisers, they did not sponsor this article.