In Case You Missed It: Rare earths projects lead the pack

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar.

Below is a wrap of the top 20 performing stocks, by percentage, that made announcements today.

 

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A new geophysical model has suggested that Dateline Resources’ (ASX:DTR) Colosseum project is similar to one of the highest-grade rare earths mine in the world.

Ionic Rare Earths’ (ASX:IXR) large scale mining licence at the Makuutu heavy rare earth project has been approved for granting by the Uganda Directorate of Geological Survey and Mines (DGSM).

Black Mountain Energy (ASX:BME) released its September quarterly, flagging that Project Valhalla remains its flagship with the company selling its Half Moon Permian Basin acreage position to subsidiary Seven Rivers Operating LLC.

Another quarterly, this time from New Age Exploration (ASX:NAE), highlighted a $1.9m placement at $0.0055 per share to fund ongoing exploration including a planned drill program on high priority lithium targets in the Central Pilbara. 

And Talisman Mining (ASX:TLM) has intercepted 192m at 1.3% lead and 10g/t silver during initial RC drilling at the Rip n Tear prospect at its Lachlan project in NSW.

 

More Top Small Cap Stories: Friday

 

Pure Hydrogen Corporation’s (ASX:PH2) hydrogen fuel cell powered waste removal truck – one of the first of its kind in Australia – could soon be operating with development and construction work now nearing completion.

Miramar Resources (ASX:M2R) says it could be on the trail of WA’s first  iron oxide copper gold (IOCG) deposit after confirming bedrock copper mineralisation at its Whaleshark project.

Australian Mines (ASX:AUZ) has applied for extensions to its US$1bn Sconic nickel-cobalt project mining leases in QLD.

Power Minerals (ASX:PNN) is edging closer towards drilling the priority Pink Slipper target at its Musgrave nickel-copper-cobalt-PGE project in SA after completing a preliminary heritage survey.

New World Resources (ASX:NWC) has resumed diamond drilling at its Antler copper project in Arizona, focusing on six Volcanogenic Massive Sulphide (VMS) targets that could potentially grow the project’s 11.4Mt resource.

Melodiol Global Health’s (ASX:ME1) Canadian subsidiary Mernova Medicinal is forecasting its highest ever monthly revenue of nearly $900k in October, boosted by confirmed purchase orders received.

 

At Stockhead we tell it like it is. While Pure Hydrogen, Miramar Resources, Dateline Resources, Australian Mines, Power Minerals, New World Resources, Ionic Rare Earths and Melodiol Global Health are Stockhead advertisers, they did not sponsor this article.

 

 

 

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