In Case You Missed It: Lithium, nickel and a Peruvian divestment deal

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

Code	Company	Price	% Today	Market Cap
GTR	Gti Energy Ltd	0.009	50%	$11,686,525
VAL	Valor Resources Ltd	0.004	33%	$11,409,104
NC6	Nanollose Limited	0.073	30%	$8,337,637
MRR	Minrex Resources Ltd	0.018	29%	$15,188,145
PIM	Pinnacleminerals	0.12	26%	$2,429,625
CWX	Carawine Resources	0.145	21%	$23,618,096
KGD	Kula Gold Limited	0.021	17%	$6,717,815
PIL	Peppermint Inv Ltd	0.007	17%	$12,227,141
EM2	Eagle Mountain	0.125	16%	$32,783,938
LNR	Lanthanein Resources	0.019	12%	$19,066,785
QEM	QEM Limited	0.2	11%	$26,440,414
AZS	Azure Minerals	1.625	10%	$575,598,206
SUM	Summitminerals	0.165	10%	$3,709,133
SIX	Sprintex Ltd	0.045	10%	$10,975,194
MTM	MTM Critical Metals	0.105	8%	$8,635,350
G88	Golden Mile Res Ltd	0.055	8%	$16,798,865
MOM	Moab Minerals Ltd	0.014	8%	$8,865,525
ADD	Adavale Resource Ltd	0.029	7%	$14,027,661
INR	Ioneer Ltd	0.335	6%	$664,465,029
NWC	New World Resources	0.035	6%	$69,481,237
GSR	Greenstone Resources	0.018	6%	$20,724,061
REE	Rarex Limited	0.038	6%	$24,075,917
EZZ	EZZ Life Science	0.505	5%	$20,498,400
BEZ	Besragoldinc	0.23	5%	$77,849,615
EVS	Envirosuite Ltd	0.1	4%	$121,113,603
PEX	Peel Mining Limited	0.13	4%	$72,595,984
BNL	Blue Star Helium Ltd	0.028	4%	$42,826,592
NIS	Nickelsearch	0.057	4%	$5,239,320
BSN	Basinenergylimited	0.145	4%	$8,404,201
PGD	Peregrine Gold	0.29	4%	$15,708,731
MEK	Meeka Metals Limited	0.035	3%	$36,298,704
EVG	Evion Group NL	0.036	3%	$11,982,572
M2R	Miramar	0.036	3%	$3,235,365
STK	Strickland Metals	0.038	3%	$58,821,064
RNU	Renascor Res Ltd	0.195	3%	$482,487,425
BUR	Burleyminerals	0.2	3%	$14,550,862
DEG	De Grey Mining	1.415	3%	$2,154,410,343
BPM	BPM Minerals	0.084	2%	$5,409,722
PTX	Prescient Ltd	0.084	2%	$66,032,123
ITM	Itech Minerals Ltd	0.245	2%	$28,064,055
NWM	Norwest Minerals	0.053	2%	$14,436,995
CVV	Caravel Minerals Ltd	0.28	2%	$131,775,703
MZZ	Matador Mining Ltd	0.061	2%	$18,921,542
ELS	Elsight Ltd	0.33	2%	$48,853,864
ARU	Arafura Rare Earths	0.335	2%	$697,410,348
ANX	Anax Metals Ltd	0.072	1%	$29,067,033
POD	Podium Minerals	0.0675	1%	$24,410,552

Krakatoa Resources (ASX:KTA) has picked up a bunch of high-grade rock chips – peak assay 4.3% Li2O – at Wilsons, part of the King Tamba project near Mount Magnet in WA.

The outcropping peggies at Wilsons (3-4m wide, +250m long) were historically drilled for tantalum but never assayed for lithium, KTA says.

Mineralogy is underway to determine which minerals — spodumene (ideal) or lepidolite (less ideal, but still okay) — are hosting the elevated lithium within these rock samples.

Drill planning is also underway.

King Tamba also includes a recently announced 5Mt at 0.14% rubidium resource.

Rubidium – which sells for US$1200/kg — is used in solar panels (photoelectric cells), motion sensor and night vision devices, and medical imaging devices.

Valor Resources (ASX:VAL) has agreed to sell the majority of its Picha and Charaque copper projects in Peru to Firetail Resources in order to focus on its high potential uranium assets in Canada’s Athabasca Basin.

Under the agreement, fellow Australian Firetail has paid the company a $200,000 exclusivity fee for a 90-day due diligence period.

Should Firetail proceed with the acquisition, it will pay Valor $550,000 in cash, 15 million FTL shares – representing a 20.58% shareholding in Firetail – and 20 million performance rights subject to certain vesting conditions in return for a 80% interest in Picha and Charaque.

The transaction will allow the company to focus on its highly prospective, drill-ready uranium projects as prices of the energy metal rises amidst increasingly positive sentiment in the sector while retaining exposure to any future exploration upside in Peru through a retained 20% project interest as well as its stake in Firetail.

Sabre Resources (ASX:SBR) says a new drilling program has unearthed an “extensive new sulphide zone” at its Sherlock Bay project in the WA Pilbara, where it reckons there’s potential for a significant upgrade to the existing 110,000t nickel equivalent sulphide resource.

All four new diamond drill-holes which tested an EM conductor target intersected massive (high grade) sulphides within broader semi-massive to stringer sulphide zones.

The new discovery is at least 500m long and open in all directions with other “exceptionally strong” conductors yet to be tested.

“Drilling to date has only tested 2km of the more than 15km strike length corridor of EM anomalies within the expanded tenement footprint, representing major potential for resource growth at Sherlock Bay,” SBR says.

Iceni Gold (ASX:ICL) has identified a new +500m long gold target at the flagship 14 Mile Well project in WA, with rock chip sampling returning a highlight 57.6/t Au.

The target sits along the contact of the ‘Monument Granite’ which has similar prospectivity to nearby granite associated gold deposits like Puzzle, Puzzle North (Genesis Minerals) and Granny Smith (Gold Fields Australia), all within the Laverton-Leonora district.

And Torque Metals (ASX:TOR) says drilling at its Paris gold camp near Kalgoorlie has returned a bunch of thick, high-grade hits, including a highlight 35m @ 14.12g/t Au from 157.85m.

Anything above 5g/t is generally considered high grade.

At Stockhead we tell it like it is. While Valor Resources is a Stockhead advertiser, it did not sponsor this article.