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In Case You Missed It: Rare earths, lithium and a graphite battery deal
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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.
ICYMI Leader Board
Stocks highlighted in green have made market-moving announcements (click headings to sort).
| Code | Company | Price | % Today | Market Cap |
|---|---|---|---|---|
| CLE | Cyclone Metals | 0.0015 | 50% | $10,264,505 |
| MCT | Metalicity Limited | 0.002 | 33% | $5,604,129 |
| MRD | Mount Ridley Mines | 0.003 | 20% | $19,462,207 |
| KGD | Kula Gold Limited | 0.019 | 19% | $5,971,391 |
| PAT | Patriot Lithium | 0.29 | 16% | $15,346,876 |
| LNR | Lanthanein Resources | 0.017 | 13% | $16,823,634 |
| NWM | Norwest Minerals | 0.034 | 13% | $7,421,136 |
| VTM | Victory Metals Ltd | 0.225 | 13% | $13,311,339 |
| LRS | Latin Resources Ltd | 0.19 | 12% | $431,939,669 |
| BPH | BPH Energy Ltd | 0.021 | 11% | $17,674,474 |
| OCN | Oceanalithiumlimited | 0.395 | 10% | $14,103,540 |
| EZZ | EZZ Life Science | 0.58 | 9% | $22,633,650 |
| ALM | Alma Metals Ltd | 0.013 | 8% | $13,248,009 |
| MEK | Meeka Metals Limited | 0.039 | 8% | $38,433,922 |
| MRR | Minrex Resources Ltd | 0.014 | 8% | $14,103,278 |
| EYE | Nova EYE Medical Ltd | 0.295 | 7% | $52,340,171 |
| FXG | Felix Gold Limited | 0.075 | 7% | $7,686,448 |
| GTR | Gti Energy Ltd | 0.0075 | 7% | $13,634,279 |
| FFG | Fatfish Group | 0.016 | 7% | $16,322,983 |
| NFL | Norfolkmetalslimited | 0.165 | 6% | $4,700,374 |
| ELS | Elsight Ltd | 0.285 | 6% | $40,586,287 |
| AZS | Azure Minerals | 0.575 | 6% | $212,678,659 |
| DTR | Dateline Resources | 0.02 | 5% | $14,478,365 |
| LEL | Lithenergy | 0.955 | 5% | $86,459,100 |
| G88 | Golden Mile Res Ltd | 0.023 | 5% | $6,152,149 |
| MTM | MTM Critical Metals | 0.12 | 4% | $10,161,119 |
| PTX | Prescient Ltd | 0.086 | 4% | $66,414,133 |
| HHR | Hartshead Resources | 0.027 | 4% | $73,025,735 |
| M2M | Mtmalcolmminesnl | 0.027 | 4% | $1,619,176 |
| DMM | Dmcmininglimited | 0.062 | 3% | $1,797,000 |
| CHR | Charger Metals | 0.49 | 3% | $20,764,325 |
| SUM | Summitminerals | 0.165 | 3% | $3,956,408 |
| DM1 | Desert Metals | 0.079 | 3% | $5,585,663 |
| QEM | QEM Limited | 0.2 | 3% | $26,401,384 |
| MAT | Matsa Resources | 0.042 | 2% | $16,892,302 |
| BUR | Burleyminerals | 0.22 | 2% | $16,043,258 |
| CVV | Caravel Minerals Ltd | 0.245 | 2% | $115,004,250 |
| HCH | Hot Chili Ltd | 1.07 | 2% | $125,417,466 |
| OSX | Osteopore Limited | 0.084 | 2% | $11,898,852 |
| PGD | Peregrine Gold | 0.285 | 2% | $15,708,731 |
| AW1 | Americanwestmetals | 0.058 | 2% | $15,171,212 |
| ENR | Encounter Resources | 0.31 | 2% | $120,635,363 |
| INR | Ioneer Ltd | 0.345 | 1% | $713,435,011 |
Early-stage surface sampling has defined multiple “high priority” carbonatite and REE bearing drill targets for Metalsgrove Mining’s (ASX:MGA) upcoming maiden drilling at Bruce, part of the Arunta project in remote NT.
Carbonatites are rocks which can contain high concentrations of REEs.
At Bruce, outcropping carbonatites and anomalous REEs (average 200-300ppm) extend more than 9km long and 600m wide with multiple parallel mineralised lodes identified.
Drilling will kick off this quarter, MGA says.
Dalaroo Metals (ASX:DAL) flagged that anomalous first-pass rock chip assays indicate the 6km pegmatite cluster at its Lyons River REE-lithium-gold project near Delta Lithium’s (ASX:DLI) high profile Yinnetharra project in WA are fertile with rare metals, with results up to 114pm Li, 1638ppm Rb, 187ppm Nb and 182ppm Sn.
A bunch of REE carbonatite targets were also identified and follow up geochemical sampling is now underway to define drill targets.
Brisbane-based Novonix (ASX:NVX) announced it had inked a deal with one of the biggest manufacturers of electric car batteries in the world, South Korea’s LG Energy Solution (LGES) to research artificial graphite anode material for lithium-ion batteries.
Also, in a separate deal the battery materials and tech company, which has Queensland billionaire Trevor St Baker as a major investor, has agreed to issue an aggregate principal amount of US$30 million unsecured convertible notes to LGES.
These convertible notes will be issued with a conversion price of $1.60 per share.
Upon successful completion of certain development work under the deal, LGES and NVX will enter into a separate purchase agreement pursuant to which LGES will have the option to purchase up to 50,000 tonnes of artificial graphite anode material over a 10-year period from the start of mass production.
And Latin Resources (ASX:LRS) says a resource upgrade is imminent at its Colina lithium deposit, part of the broader Salinas lithium project in Brazil.
The company has wrapped up resource definition drilling, with a total of 135 diamond drill holes for 39,033m completed and expects this drilling to ‘significantly expand’ the existing 13.3Mt at1.2% Li2O resource.
At Stockhead we tell it like it is. While Latin Resources is a Stockhead advertiser, it did not sponsor this article.
