In Case You Missed It: Lithium, silicon and rare earths take top spots
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).
Oceana Lithium (ASX:OCN) has commenced field work at its Monaro lithium project in James Bay, Canada, following lifting of wildfire access restrictions in the region which caused miners and explorers to temporarily suspend operations.
In preparation for its inaugural field season, the company identified various high priority targets with a focus on identifying spodumene bearing pegmatites – the host rock for lithium mineralisation.
Québec based contractor Explo-Logik has now mobilised an experienced exploration team with helicopter support to target the high-priority areas which include the two pegmatites reported by the Québec Government database SIGÉOM, some 114 large linear structures with surface signs of pale outcrop, and some up to 1.25 km in length identified from high resolution satellite imagery.
Australian Silica Quartz (ASX:ASQ) has begun a 2,000m reverse circulation (RC) drilling program on the hunt for Metallurgical Grade Silicon (MGSi) Quartz Lump feedstock at its Quartz Hill project, near Mount Surprise in North Queensland.
It’s the start of ongoing work under a new Project Development Heads of Agreement with Private Energy Partners (PEP), with ASQ receiving $1 million from PEP in return for the “exclusive right to buy 10 million tonnes of MGSi quartz from the mine gate at Quartz Hill at a 10% discount to the prevailing MGSi Quartz market price or such price that would constitute a fair market return to ASQ (whichever is the greater)”.
Funding will be used for an exploration drilling program with an aim to establish a JORC 2012 MGSi quartz mineral resource of at least 10Mt and a scoping study and application for a mining lease within a period of one year from the agreement’s signing.
Rock chip sampling at Caprice Resources’ (ASX:CRS) new Colosseum prospect at Mukinbudin has delineated a +500m target with a peak value of 5,068ppm (0.5%) TREO (21.3% HREO).
A total of 13 of 20 of Colosseum rock chips delivered values of +1,000ppm TREO. Meanwhile, soil sampling at Hadrian’s has delineated a +3km REO anomaly, with peak values of 2,812ppm TREO (16.9% HREO).
Intellectual Property (IP) firm IPH (ASX:IPH), is acquiring the IP services firm, Ridout & Maybee in Canada, bringing together, it says, “two leading Canadian IP firms and their highly qualified and experienced IP teams into one combined firm, which will operate under the Smart & Biggar brand.
The acquisition continues IPH’s pursuit of opportunities in the secondary IP market and follows the company’s acquisition of Smart & Biggar in Canada in October 2022.
And gold and nickel hunter Aldoro Resources (ASX:ARN) has made a thick, high-grade nickel find at its Narndee project, east of Paynes Find in Western Australia.
At Stockhead we tell it like it is. While Oceana Lithium is a Stockhead advertiser, it did not sponsor this article.