In Case You Missed It: Lithium, gold and a family tracking app
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).
Stelar Metals (ASX:SLB) has announced stellar high-grade lithium assay results from its first reconnaissance rock-chip sampling at its newly acquired Trident Lithium Project near Broken Hill in New South Wales.
The project extends over the 20km strike length of the Euriowie Tin Pegmatite Field – prospective for hard-rock lithium mineralisation.
The company reports the LCT-type pegmatites vary in size but are up to 100m wide and over 1km in length and have historically been mined for lithium and tin.
Additional rock-chip assays and soil results are anticipated in late August, while on-ground exploration will continue to be focused on the detailed mapping and sampling of the “abundant” pegmatites within the 20km strike length.
Another lithium hunter, Lake Resources (ASX:LKE), has confirmed successful extraction and injection testing at its flagship Kachi lithium brine project in Argentina.
This, the company says, confirms favourable hydrogeologic conditions for brine extraction, while the injection trials successfully demonstrated spent brine disposal capability with some 33 million litres of brine injected into the project’s reservoir.
Next steps include detailed wellfield and injection design in support of the testing results.
Legacy Minerals Holdings (ASX:LGM) has announced positive results from rock-chip sampling at the Bauloora Epithermal Gold Project in the Lachlan Fold Belt, NSW.
Results at the Breccia Sinter Prospect, one of several high priority targets at the Bauloora Project, have defined a “compelling drill target” for testing later this year: 500m long x 250m wide soil anomaly >20ppb Au, with rock chips up to 32.2g/t Au.
Antilles Gold (ASX:AAU) has completed three diamond drill holes in its current program aimed at locating the core of the El Pilar porphyry intrusive at the proposed Nueva Sabana mine in central Cuba.
Each of the holes demonstrated strong copper results in the oxide zone, and evidenced copper minerals, chalcopyrite and chalcocite, and fingers of early porphyry in the underlying sulphide zone, indicating the presence of a porphyry copper system at depth.
And Life360 (ASX:360), a tech company that’s developed a family-focused surveillance-tracking app, has announced strong “growth momentum” throughout Q2 this year. Its global monthly active users are up 29% YoY and its annualised monthly revenue us up 43% to $248.7 million.
At Stockhead we tell it like it is. While Lake Resources and Antilles Gold are Stockhead advertisers, they did not sponsor this article.