Top 10 at 10: Bonanza! Exceptional rare earths, vanadium finds top the charts Tuesday

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.

It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code	Company	Price	%	Volume	Market Cap
VPR	Volt Power Group	0.0015	50%	353,981	$10,716,208
LRV	Larvottoresources	0.19	41%	1,291,566	$9,079,387
OD6	Od6Metalsltd	0.4	36%	2,834,844	$16,229,571
DAF	Discovery Alaska Ltd	0.04	33%	161,833	$6,727,041
VKA	Viking Mines Ltd	0.013	30%	3,654,046	$10,252,584
AJQ	Armour Energy Ltd	0.005	25%	30,000	$15,050,431
AMD	Arrow Minerals	0.006	20%	2,209,234	$15,118,825
AVE	Avecho Biotech Ltd	0.006	20%	51,636	$9,189,347
3DP	Pointerra Limited	0.125	19%	509,915	$71,169,651
MBX	Myfoodieboxlimited	0.019	19%	40,000	$590,692

Drilling has hit super high rare earths grades in clay up to 1.26% (12,611ppm) at Larvotto Resources (ASX:LRV) Merivale South prospect in WA.

“It is the company’s belief that the mineralisation is hosted within ionic clays, making them suitable for simple, cost-effective extraction,” LRV says.

Ionic clay deposits often grade between 700ppm and 1500ppm TREO.

More ‘bumper’ REE grades at OD6 Metals’ (ASX:OD6) Splinter Rock project, where drilling hit grades up to 6605ppm “with extensive clay thickness of between 20 and 80m at consistently high grades”.

And Viking Mines (ASX:VKA) is celebrating thick high grade vanadium results in maiden drilling at the Canegrass project, including a highlight 12m at 1.06% V2O5 from 91m.

This is significantly higher (>150%) than the average Canegrass Inferred (JORC 2012) Mineral Resource grade of 0.64% V2O5.

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code	Company	Price	%	Volume	Market Cap
PRM	Prominence Energy	0.001	-50%	51,000	$4,849,218
XTC	Xantippe Res Ltd	0.003	-25%	2,811,337	$42,320,399
MTL	Mantle Minerals Ltd	0.002	-20%	11,853,375	$13,364,013
VAL	Valor Resources Ltd	0.004	-20%	829,023	$18,865,174
TZN	Terramin Australia	0.018	-18%	1,395	$46,564,380
HHI	Health House Int Ltd	0.005	-17%	7,184	$847,978
EQN	Equinoxresources	0.13	-16%	100,000	$6,975,000
AR3	Austrare	0.69	-15%	1,513,482	$77,113,257
CPT	Cipherpoint Limited	0.006	-14%	1,350,000	$8,005,717
FAU	First Au Ltd	0.006	-14%	390,000	$7,663,483