In Case You Missed It: Uranium, more uranium and just a sprinkle of the finest Rare Earths
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.
TG Metals’ (ASX:TG6) Lake Johnston lithium project has given up more of its secrets, with the results from the last four of holes from 2023’s drilling campaign at the highly prospective Burmeister deposit arriving today.
Fin Resources (ASX:FIN) has boldly announced that it has a new favourite, in the form of its White Bear lithium discovery at the Cancet West project in Quebec, where the company is now convinced there’s room for more discoveries to be made.
Kingsland Minerals (ASX:KNG) is undertaking a strategic review of its Cleo uranium project near Pine Creek in the NT, as it becomes increasingly more focused on advancing the potential of its world-class Leliyn graphite project.
Basin Energy (ASX:BSN) has kicked off its winter field work program at North Millennium and Marshall, as the company zeroes in on success alongside major player Cameco and its very healthy Millennium deposit in the world-class uranium-rich Athabasca Basin.
Torque Metals (ASX:TOR) dropped news this morning that it has acquired a new patch of dirt, in the form of the ~800km2 Penzance exploration camp in the heart of WA’s Goldfields, just over the fence from quality producers such as Mineral Resources with its Bald Hill and Mt Marion lithium mines.
Pinnacle Minerals (ASX:PIM) reported that recent satellite and radar imagery analysis at Wirrulla has highlighted uranium (U3O8) mineralisation potential and defined a number of priority target areas, with intercepts including 3,550ppm U3O8 over 1m from 66m.
More Top Small Cap Stories: Wednesday
Australian Mines (ASX:AUZ) says it’s made a positive start to its work at the Resende lithium project, which the company is currently eyeing off as a purchase to kick-start its Brazilian-focused rebirth.
Meeka Metals (ASX:MEK) has delivered the final round of assays from recent drilling at its St Anne’s deposit, part of the Murchison gold project in WA, supporting a low cost, grade control open pit mining model for the future.
Haranga Resources (ASX:HAR) has come in hot with a tilt at the “wierdest way we found uranium” story for the year, after infill sampling of termite mounds (no, really…) at its Saraya uranium project in Senegal led to the definition of two notable anomalies at the Mandankoly prospect.
Elsewhere, Cosmo Metals (ASX:CMO) is adding a potentially company-making star to its constellation of projects with the execution of terms sheet for the exclusive right to acquire the Kanowna gold project in WA.
Animoca Brands (ASX:AB1) says it’s ready to get the world thinking again, as it gets set to launch a new chess app with five-time World Champ Magnus Carlsen on the cover to give it a bit of extra street cred.
Meanwhile, St George Mining (ASX:SGQ) has nabbed a key exploration tenement adjoining its Destiny project in WA’s eastern Goldfields, which covers 8km of the Ida Fault Zone, a hot neighbourhood for lithium and rare earth mineralisation.
Renascor Resources (ASX:RNU) has made some big steps towards getting its product into high-value industrial markets, having increased coarse flake graphite production metrics 10% from the Siviour mine for Phase I of its proposed Battery Anode Material (BAM) project.
A major change in WA state government policy regarding battery energy storage systems has been a boon for Frontier Energy (ASX:FHE) , which has gone on to deliver improved returns for Stage 1 of its Waroona renewable energy project in the wake of the government decision.