In Case You Missed It: Nickel hits, Canadian lithium and some more nickel
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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 green have made market-moving announcements (click headings to sort).
Golden Mile Resources (ASX:G88) has discovered the highest-ever nickel grades from exploration at its Quicksilver project near Lake Grace, WA, with intercepts of up to 4.14% nickel and 0.421% cobalt within a broader interval of 28m at 2.34% nickel and 0.109% cobalt from a down-hole depth of 32m.
Other notable results from the PQ diamond drilling in the Stage 3 metallurgical testwork for the Quicksilver project are 61m at 0.61% nickel from 20m including 1m at 1.22% nickel from 77m (23QDD006) and 47m at 0.74% nickel from 18m including 3m at 1.15% nickel from 54m (23QDD002).
The explorer is now mulling over direct shipping options for some early cashflow as it moves into a Phase 2 drilling program to target deeper nickel mineralisation.
Recharge Metals (ASX:REC) has again expanded its footprint into the James Bay region in Canada, snapping up the Wapistan project, 120km north of its flagship Express interest.
Wapistan is a stone’s throw from Q2 Metals’ Mia lithium project where outcropping lithium has been confirmed at two prospects as well as at Ophir Gold’s Radis project.
Importantly, it overlies 30km of the same greenstone belts which host lithium mineralisation at Mia and Radis.
While no lithium targeting or exploration has been carried out at Wapistan, the sheer volume of nearology is reason enough for the company to be keen to get to grips with its new project.
NickelSearch (ASX:NIS) has confirmed massive sulphides are present at depth within the Sexton prospect at its Carlingup nickel sulphide project near Ravensthorpe, Western Australia.
While laboratory assays will be required to determine exactly what has been intersected, the results do indicate that the drill program is achieving its objective of testing two distinct bodies of mineralisation encountered in earlier drilling and correlated by DHEM surveys.
Janison Education Group (ASX:JAN) has extended its agreement with Education Services Australia (ESA) to provide the platform powering NAPLAN online nationally around Australia.
The new deal has an initial term of three years plus three additional optional years, with a value of more than $24 million for the full six-year term – the largest signed in the company’s history.
And fintech Novatti (ASX:NOV) has appointed Mark Healy to succeed Peter Cook as its CEO effective from June 15, 2023.
NOV said Healy comes to the role with a very detailed understanding of the business, having worked for the company for the past 12 months in the role of executive general manager of payments.
At Stockhead we tell it like it is. While Golden Mile Resources, Recharge Metals and NickelSearch are Stockhead advertisers, they did not sponsor this article.