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).

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Golden Mile Resources (ASX:G88) is topping the morning winners list after announcing that PQ diamond drilling for stage 3 metallurgical test work on its 100% owned Quicksilver Nickel Cobalt deposit has intersected very wide zones of high-grade nickel mineralisation within the existing resource.

Highlights include 23QDD008: 49m at 1.74% nickel (Ni), 0.071% cobalt (Co) from 30m, including 28m at 2.34% Ni & 0.109% Co from 32m depth, with intercepts up to 4.14% Ni and 0.421% Co; and o 5m @ 1.6% Ni & 0.026% Co from 73m depth.

“These are spectacular intersections and the highest nickel grade we have ever encountered at Quicksilver,” Golden Mile’s MD Damon Dormer said in an announcement. 

“The results indicate that we have a significantly higher-grade zone within the overall resource with the potential of disseminated nickel mineralisation within the untested primary zone.

“This may provide an opportunity for direct transportation and shipping of high-grade zones of the orebody to provide early cash flow while constructing the beneficiation plant and accelerating project timelines.”

IperionX (ASX:IPX)  is continuing to ride the highs after announcing it has agreed to a scope of work (SoW) for the supply of titanium metal components for Ford Motor Company using its unique 100% recycled, low-carbon titanium metal.

Ford and IPX have been actively collaborating to design, test and additively manufacture a series of high-quality titanium components for future Ford Performance production vehicles.

Ford Performance is the high-performance and racing division of the Ford Motor Company, well known for a leading range of performance cars such as the F150 Raptor, Bronco Raptor, Mustang Mach 1 and the Shelby GT500.

The SoW follows a detailed program of quality and strength testing of IPX’s low-carbon, circular titanium metal. Ford’s Sustainability and Advanced Materials divisions undertook a range of testing procedures, verifying that IPX’s titanium surpassed the required parameters set under ASTM International standards.
 

LOSERS

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

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