Top 10 at 10: Check out these 42% nickel veinlets

Stockhead’s Top 10 at 10, published at ~10.40am 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 made market-moving announcements (click headings to sort).

Western Mines (ASX:WMG) says a ~750m deep drill hole hit ~700m of rock containing “disseminated nickel sulphide mineralisation and numerous sets of remobilised nickel sulphide veinlets” at the Mulga Tank project in WA.

These veinlets  — confirmed by spot pXRF up to 42.2% nickel — appear oblique to the drill core “indicating a possible source at depth”. Exciting times for the small explorer.

Lycaon Resources (ASX:LYN) now has final permission to drill its Stansmore project, a proverbial stone’s throw from WA1 Resources’ (ASX:WA1) globally significant niobium find in the West Arunta region of WA.

Industrial Minerals (ASX:IND) has a maiden high purity quartz (HPQ) exploration target of 1.5-3 million tonnes grading 97-99% SiO2 at the Pippingarra quarry project in the Pilbara.

And NewPeak Metals (ASX:NPM) completed a $300,000  share placement at 1.5c/sh to Gerhard Redelinghuys, founder of small cap success story Bowen Coking Coal.

LOSERS

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