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

Pic: Via Getty

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).

Security	Description	Last	%	Volume	MktCap
CT1	Constellation Tech	0.002	100%	77,945	$1,474,734
IND	Industrial Minerals	0.17	26%	128,892	$9,282,600
LNR	Lanthanein Resources	0.005	25%	270,000	$7,819,636
OSL	Oncosil Medical	0.005	25%	450,000	$9,022,165
AYT	Austin Metals Ltd	0.006	20%	800,000	$6,425,957
PRX	Prodigy Gold NL	0.003	20%	100,000	$5,034,435
WMG	Western Mines	0.375	19%	345,502	$23,651,202
ZNO	Zoono Group Ltd	0.07	17%	15,112	$12,823,444
LYN	Lycaonresources	0.3	15%	337,661	$11,454,625
MKG	Mako Gold	0.016	14%	4,274,927	$13,664,115

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).

Security	Description	Last	%	Volume	MktCap
AXP	AXP Energy Ltd	0.001	-50%	1,225	$11,649,361
FAU	First Au Ltd	0.001	-50%	55	$3,323,987
RML	Resolution Minerals	0.002	-33%	5	$4,829,990
SI6	SI6 Metals Limited	0.002	-33%	1,416,804	$7,106,578
88E	88 Energy Ltd	0.0035	-30%	468,626,830	$125,620,313
CYQ	Cycliq Group Ltd	0.003	-25%	2	$1,430,067
ME1	Melodiol Glb Health	0.003	-25%	221,046	$2,693,949
KGN	Kogan.Com Ltd	5.28	-25%	1,078,078	$707,833,779
NXS	Next Science Limited	0.335	-20%	263,318	$122,511,943
AVE	Avecho Biotech Ltd	0.004	-20%	125,000	$15,846,485