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).

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).