In Case You Missed It: Zinc, gold and lithium take the cake today
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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).
Top of the charts today was Terramin (ASX:TZN) who’ve inched closer to developing one of the largest zinc and lead orebodies in the world after the Algerian mining regulator issued a mining permit for the 49%-owned Tala Hamza project.
Its the final regulatory, financial and environmental hoop TZN had to jump though prior to development, the company says.
The permit allows for the processing of 2Mtpa of ore, instead of the 1.3Mtpa envisaged in the 2018 mining study “indicating that project returns will be enhanced over the anticipated 20+ year mine life”.
Tala Hamza contains 53Mt at 6.6% zinc, plus lead for 3.5Mt of contained metal.
Los Cerros (ASX:LCL) have pulled up an incredible 52m grading 3.65g/t gold from 160m in maiden drilling at Kusi, part of the Ono project in Papua New Guinea.
That hit included a couple of high grade chunks: 6.68m @ 10.91g/t from 171.75m, and 7.5m @ 14.87g/t from 191.7m.
The advanced South American gold stock recently diversified as it waits for “greater clarity on new government mine development policies” in Colombia, inking a deal to buy five large projects in PNG from private company Footprint Resources.
Lithium player Fin Resources (ASX:FIN) has identified possible outcropping pegmatites at the Cancet West lithium project, down the road from high profile players like Winsome Resources and Patriot Battery Metals in Quebec’s James Bay region.
The junior has subsequently staked an additional 510ha of prospective open ground directly west of the project, part of the recently acquired Mt Tremblant tenements.
Detailed field mapping, outcrop sampling and geochemical sampling is expected to be completed during the upcoming Canadian summer field season.
Dynamic Metals’ (ASX:DYM) is carrying out follow-up drilling at its flagship Widgiemooltha project to determine if a Kambalda-style nickel deposit is present at the Dordie Far West prospect.
The plan is to carry out two reverse circulation holes totalling about 400m on existing sections to the south-west to test for the extension of mineralisation into the fresh rock. Assays are expected early next quarter.
International Graphite (ASX:IG6) has been awarded a $4.7m grant from the Australian Government to fast track its graphite “mine-to-market” development strategy in WA.
Funds will be used to advance feasibility studies for its proposed Springdale graphite project and advanced battery anode material manufacturing plant at Collie along with construction of a planned graphite micronising facility – also at Collie.
“This grant is an important vote of confidence in our business and confirmation that projects like Springdale and Collie are vital in meeting global decarbonisation targets,” MD Andrew Worland said.
And Kula Gold (ASX:KGD) has commenced reconnaissance RC drilling to test surface pegmatites at the DBGM Prospect at its Brunswick lithium and gold project– which is just 35km from the world’s largest hard rock lithium mine Greenbushes, in WA.
At Stockhead we tell it like it is. While Dynamic Metals, International Graphite and Kula Gold are Stockhead advertisers, they did not sponsor this article.