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On Stockhead today, Carl Capolingua gets charty for Stockhead, SEVEN explorers listing in the next two weeks, and Madonna and Beeple’s weird, NSFW NFTs.
But first … the day ahead.
The following companies went into trading halts today and are expected out in the next few days:
Amaero International (ASX:3DA) – trading halt pending an announcement in connection with a capital raising
Gold: $US1,848.73 (+0.58%)
Silver: $US21.65 (+1.93%)
Nickel (3mth): $US28,309/t (+0.83%)
Copper (3mth): $US9,228.50/t (-0.09%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, May 12): $US72,175/t (-3.3% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 12): $US72,775/t (-1.7% weekly)
Oil (WTI): $US102.04 (+2.29%)
Oil (Brent): $US104.68 (+2.73%)
Iron 62pc Fe: $US123 (-3.91%)
AUD/USD: $US0.69733 (-0.17%)
Bitcoin: $US30,611.03(-4.23%)
Everyone is frothing over Mark Creasy-backed explorer Galileo Mining’s major palladium-platinum discovery at the ‘Norseman’ project in WA.
A major #palladium #platinum discovery has been made by $GAL at the Norseman project.
For a comprehensive presentation on the discovery, join MD Brad Underwood at an investor webinar 10:30am AWST/12:30pm AEST on Thursday 12th May
Register now: https://t.co/3SBrueVQIE pic.twitter.com/8K9r1tErVV
— Galileo Mining (@GalileoMining) May 11, 2022
And the AVZ drama continues…
Can’t get any clearer than a pie chart!
Anything to the contrary to this is illegal and white noise.
Moving on $avz pic.twitter.com/V1qjrPqLt9
— Luke (@Miljew91) May 10, 2022
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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
Code Company Last % Volume GAL Galileo Mining Ltd 0.64 220% 56,539,373 CNJ Conico Ltd 0.016 45% 52,987,250 SOR Strategic Elements 0.205 41% 16,158,271 CCE Carnegie Cln Energy 0.002 33% 38,901,043 GSR Greenstone Resources 0.036 29% 4,676,556 AGR Aguia Res Ltd 0.062 24% 1,966,097 HAL Halo Technologies 0.705 24% 8,291 ENX Enegex Limited 0.06 22% 35,020 MRQ Mrg Metals Limited 0.009 20% 9,367,250 EPN Epsilon Healthcare 0.03 20% 448,693 EN1DA Engage:Bdr Limited 0.012 20% 649,600 MCT Metalicity Limited 0.006 20% 3,528,294 AIV Activex Limited 0.049 20% 258,245 CR9 Corellares 0.043 19% 223,433 CPM Coopermetalslimited 0.37 19% 422,994 WC1 Westcobarmetals 0.155 19% 251,367 3MF 3D Metalforge 0.025 19% 243,786 CMX Chemxmaterials 0.225 18% 95,147 DNK Danakali Limited 0.295 18% 329,891 GSN Great Southern 0.049 17% 158,574 AMD Arrow Minerals 0.0035 17% 100,000 CML Chase Mining Limited 0.014 17% 375,520 DDD 3D Resources Limited 0.0035 17% 1,796,792 IEC Intra Energy Corp 0.014 17% 187,679 ROG Red Sky Energy. 0.007 17% 25,917,278
The hands-down winner is Creasy-backed digger Galileo Mining (ASX: GAL) who exploded out of the blocks after sharing news of a major palladium-platinum discovery at the ‘Norseman’ project in WA.
Apparently, all it took was six holes at its Callisto discovery to whack right on to a significant mineralised sulphide unit tucked nicely under an ultramafic sill.
Assays from a further five drill holes are pending, but GAL has already flagged strong geological continuity “with all drill holes intersecting disseminated sulphides”.
The discovery hole at the ‘Callisto’ prospect returned a 33m-long intersection grading 2g/t 3E (1.64g/t palladium, 0.28g/t platinum, 0.09g/t gold), 0.32% copper & 0.30% nickel from 144m.
This 33m assayed intersection occurs within a wider 55m disseminated sulphide zone (126–181m), “indicating the potential for a large mineralised system”, GAL says.
Being on a granted mining lease also means the explorer could potentially accelerate development at Callisto if resource drilling is successful.
There are already geological similarities to South Africa’s colossal ‘Platreef’ palladium-platinum-gold-rhodium-copper-nickel deposits, GAL MD Brad Underwood says.
“This an exceptional result from our Norseman project and with every drill hole undertaken so far intersecting mineralisation, we are hopeful that the initial drill hole will translate into a high-quality resource for mining,” he says.
“While we are at an early stage in the discovery process, the thick and consistent zone of mineralisation, and the extensive prospective strike length, suggests the potential for a large mineralised system.”
This is the latest in string of successes for famed prospector Mark Creasy, who owns 24.6% of GAL and is now several million dollars richer at the close of trade.
Also climbing higher was Strategic Elements (ASX:SOR), up over 40% and looking comfy.
SOR’s action came after it reported that its fully owned subsidiary AAM and research partner The University of New South Wales has succeeded in generating electricity from moisture.
SOR says this firmly establishes the technology as a world leader globally, and also broadens its potential use in electronics with enhanced power requirements.
(Stocks highlighted in yellow fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
Code Company Price % Volume IPTRA Impact Minerals - Rights 13-May-22 0.001 -50% 7,194,907 BGT Bio-Gene Technology 0.155 -26% 3,669,132 ARE Argonaut Resources 0.003 -25% 14,397,433 GGX Gas2Grid Limited 0.002 -20% 60,000 VOL Victory Offices Ltd 0.08 -19% 95,316 HIQ Hitiq Limited 0.072 -18% 322,500 AUZ Australian Mines Ltd 0.13 -17% 6,291,164 BEL Bentley Capital Ltd 0.082 -17% 52,873 FGL Frugl Group Limited 0.015 -17% 229 HVM Happy Valley 0.05 -17% 314,161 MHK Metalhawk. 0.2 -17% 352,199 CTO Citigold Corp Ltd 0.005 -17% 4,261,658 TMK TMK Energy Limited 0.01 -17% 5,094,252 HPP Health Plant Protein 0.13 -16% 15,000 FRM Farm Pride Foods 0.135 -16% 37,500 LNK Link Admin Hldg 4.22 -15% 29,101,022 CVV Caravel Minerals Ltd 0.22 -15% 112,686 LAM Laramide Res Ltd 0.765 -15% 500 HCT Holista CollTech Ltd 0.03 -14% 114,094 OEX Oilex Ltd 0.003 -14% 2,410,743 PYR Payright Limited 0.12 -14% 12,791 TSC Twenty Seven Co. Ltd 0.003 -14% 1,700,159 TGH Terragen 0.155 -14% 232,111 REC Rechargemetals 0.3 -13% 230,122 MMI Metro Mining Ltd 0.02 -13% 22,807,473
The giant German chemical firm, BASF, has done a total runner on Aussie-listed Bio-Gene Technology (ASX:BGT).
The pair were tinkering together with BGT’s stored grain pest program, but now BASF has said it won’t continue with the program for “internal reasons.”
That’s a bit cloak and dagger, but not that it matters – in the end – BGT has taken a big hit to the share price and is short a giant partner.
Bio-Gene says it’s still upbeat with the new data and will continue to work with Department of Agriculture & Fisheries Queensland Government and the Grains Research & Development Corporation to advance the program.
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