Turns out the PFAS in this foam hangs around for ages... Pic: via Getty Images.
In Case You Missed It: REE and lithium hits, plus a PFAS ‘the-forever-chemical’ treatment 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 |
|---|---|---|---|---|
| MOH | Moho Resources | 0.027 | 50% | $3,737,920 |
| HRE | Heavy Rare Earths | 0.145 | 26% | $6,841,112 |
| KLI | Killiresources | 0.068 | 17% | $1,947,350 |
| AYT | Austin Metals Ltd | 0.0045 | 13% | $4,063,499 |
| VSR | Voltaic Strategic | 0.021 | 11% | $5,838,704 |
| SIS | Simble Solutions | 0.011 | 10% | $6,029,507 |
| VTM | Victory Metals Ltd | 0.25 | 9% | $12,378,300 |
| CSF | Catalanoseafoodltd | 0.077 | 8% | $2,392,984 |
| BSN | Basinenergylimited | 0.13 | 8% | $6,772,800 |
| CUS | Coppersearchlimited | 0.27 | 8% | $13,198,724 |
| CHR | Charger Metals | 0.35 | 8% | $14,207,170 |
| LEX | Lefroy Exploration | 0.285 | 8% | $42,521,371 |
| GBZ | GBM Rsources Ltd | 0.031 | 7% | $16,331,657 |
| RGL | Riversgold | 0.016 | 7% | $14,182,016 |
| AZL | Arizona Lithium Ltd | 0.051 | 6% | $129,166,354 |
| CZN | Corazon Ltd | 0.017 | 6% | $9,765,289 |
| AZS | Azure Minerals | 0.435 | 6% | $159,996,790 |
| CVV | Caravel Minerals Ltd | 0.285 | 6% | $129,379,781 |
| EMT | Emetals Limited | 0.0105 | 5% | $8,500,000 |
| VAR | Variscan Mines Ltd | 0.021 | 5% | $6,362,418 |
| GRE | Greentechmetals | 0.09 | 5% | $2,776,940 |
| PIM | Pinnacleminerals | 0.12 | 4% | $2,941,125 |
| OBM | Ora Banda Mining Ltd | 0.15 | 3% | $233,615,332 |
| DYM | Dynamicmetalslimited | 0.165 | 3% | $5,600,000 |
| KNG | Kingsland Minerals | 0.17 | 3% | $5,187,574 |
| QEM | QEM Limited | 0.19 | 3% | $25,001,560 |
| ATC | Altech Batt Ltd | 0.1025 | 3% | $142,676,587 |
| T88 | Taitonresources | 0.205 | 3% | $10,304,909 |
| EUR | European Lithium Ltd | 0.084 | 2% | $122,117,612 |
| IHL | Incannex Healthcare | 0.1225 | 2% | $190,441,243 |
| EVG | Evion Group NL | 0.053 | 2% | $17,754,530 |
| ANX | Anax Metals Ltd | 0.071 | 1% | $28,657,638 |
| MZZ | Matador Mining Ltd | 0.072 | 1% | $22,380,537 |
| SPN | Sparc Tech Ltd | 0.36 | 1% | $30,404,214 |
| POD | Podium Minerals | 0.076 | 1% | $25,241,919 |
| PGD | Peregrine Gold | 0.395 | 1% | $18,754,035 |
| EZZ | EZZ Life Science | 0.405 | 1% | $17,082,000 |
| DXB | Dimerix Ltd | 0.099 | 1% | $31,445,619 |
| PAA | Pharmaust Limited | 0.1 | 1% | $31,374,326 |
| DEG | De Grey Mining | 1.6525 | 1% | $2,560,313,741 |
Back in top form today was rare earths, with Moho Resources (ASX:MOH) the latest explorer to rerate on a clay-hosted rare earths acquisition, discovery, or solid set of drill results.
MOH announced clay hosted REE grades up to 1890ppm Total Rare Earth Oxides (TREO) in maiden drilling at the Peak Charles project, in the clay REE hub of southern WA.
The project is next door to ground held by OD6 Metals (ASX:OD6), which announced bonanza grades up to 6605ppm “with extensive clay thickness of between 20 and 80m” at the Splinter Rock project earlier this week.
“Moho believes the identified target zone of 15 x 12km thus far, with further room for growth across the tenement package, puts the company in a positive position in the REE market in Australia,” MD Ralph Winter says.
Follow up drilling is now being planned, with this maiden 81-hole (av depth: 22m) campaign restricted to road reserves and existing tracks due to limited land access.
On the lithium front, Westar Resources (ASX:WSR) kicked off maiden drilling at its Olga Rocks lithium-gold project to test three interpreted pegmatite corridors with about 1.5km of strike in the Central Zone.
Olga Rocks is within the emerging Forrestania lithium district, which hosts Covalent Lithium’s Mt Holland project along with Zenith’s recent lithium pegmatite discovery at the Split Rocks project.
Environmental water treatment player SciDev (ASX:SDV) secured a $3.15m contract with Cleanaway Waste Management for the civil design and construction of a water treatment plant to treat per- and poly-fluoroalkyl (PFAS)-impacted wastewater in Victoria.
PFAS are also known as the ‘forever chemical’ because they are almost indestructible and pervasive, since they were used heavily in fire fighting foam at airports before being banned.
SDV can build water treatment plants to treat PFAS to below detectable limits – and the company says “with a large domestic and global addressable PFAS remediation market, we believe the growing demand for our technology will drive significant revenue uplift in the medium term.”
Revenue from the project is expected to commence in Q4 FY23.
And another lithium explorer Arizona Lithium (ASX:AZL) enjoyed some gains today, announcing successful test well results from its Prairie project in the US – which has an Inferred Mineral Resource of 4.1 million tonnes of lithium carbonate equivalent (LCE) at 111 mg/L Li.
The company says daily brine production was significantly higher than anticipated, meaning that the rate at which lithium can be produced may exceed expectations with potentially fewer production wells required to be drilled.
“Higher sustainable production rates like this also have the potential to further decrease the future capital and operating costs associated with our wellfield infrastructure, and significantly increase the value of the project,” MD Paul Lloyd said.
At Stockhead we tell it like it is. While Moho Resources and Arizona Lithium are Stockhead advertisers, they did not sponsor this article.
