Pic: Getty Images
Top 10 at 10: Greentech soars on spodumene discovery in WA’s emerging lithium hot spot
News
share
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 | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| GRE | Greentech Metals | 0.32 | 205% | 6,381,148 | $4,400,506.64 |
| MTL | Mantle Minerals Ltd | 0.002 | 100% | 280,643 | $6,147,445.83 |
| INP | Incentiapay Ltd | 0.013 | 63% | 173,048 | $10,120,509.00 |
| VPR | Volt Power Group | 0.0015 | 50% | 139,294 | $10,716,208.21 |
| LKY | Locksley Resources | 0.09 | 38% | 220,010 | $3,149,071.12 |
| AHN | Athena Resources | 0.0055 | 38% | 11,792,358 | $4,281,870.23 |
| LCY | Legacy Iron Ore | 0.023 | 35% | 8,726,371 | $108,916,045.38 |
| MTB | Mount Burgess Mining | 0.002 | 33% | 14,820,050 | $1,324,756.68 |
| RDN | Raiden Resources Ltd | 0.004 | 33% | 1,500,000 | $6,165,806.79 |
| TD1 | Tali Digital Limited | 0.002 | 33% | 400,000 | $4,942,733.44 |
Topping the winners list in morning trade is Greentech Metals (ASX:GRE) after confirming the presence of spodumene-bearing pegmatites on the company’s 100% owned Ruth Well Project, in the West Pilbara region of WA.
Results from the 22 reconnaissance rock chip samples submitted for analysis to date, have returned encouraging grades of lithium mineralisation measuring up to 1.65% Li2O.
Further, the Ruth Well pegmatite bearing zone is up to 200m wide and traced for 6km strike, with the zone remaining open in all directions within the company’s tenements.
“The West Pilbara region is continuing to attract significant interest from listed companies and investors and GreenTech has secured a strategic and highly prospective foothold,” Executive Director Thomas Reddicliffe said.
Meanwhile, GRE has inked a deal with lithium exploration and development team Obsidian Metals Group (OMG).
OMG and its investors will invest $1m via a placement of 6,944,445 fully paid ordinary shares at 14.4 cents/share, representing a 30% premium to the last closing price.
New capital will be deployed to fast-track GTE’s WA lithium exploration strategy.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| IPX | Iperionx Limited | 1.195 | -26% | 610,607 | $308,975,353 |
| PYR | Payright Limited | 0.003 | -25% | 81,393 | $3,523,541 |
| AHI | Advanced Health | 0.16 | -20% | 1,067,873 | $39,440,794 |
| AVW | Avira Resources Ltd | 0.002 | -20% | 363,595 | $5,334,475 |
| BMG | BMG Resources Ltd | 0.013 | -19% | 11,535,327 | $9,236,721 |
| BXN | Bioxyne Ltd | 0.02 | -17% | 395,000 | $45,639,490 |
| MXC | MGC Pharmaceuticals | 0.005 | -17% | 2,291,750 | $20,098,158 |
| DGL | DGL Group Limited | 0.99 | -15% | 724,703 | $330,496,998 |
| MPR | Mpower Group Limited | 0.019 | -14% | 94,118 | $6,461,472 |
| RFX | Redflow Limited | 0.2 | -13% | 207,686 | $41,348,103 |
Leader in titanium metal production IperionX Limited (ASX: IPX) has fallen in early morning trade despite announcing it has achieved the UL Environmental Claim Validation Procedure 2809 for its 100% recycled, low-carbon titanium metal powder.
IPX said UL Solutions (UL) is a global leader in sustainability standards, and IPX’s low carbon titanium is the first commercial titanium metal powder for additive manufacturing to achieve UL validation for 100% recycled content.
The company said UL recycled content validation is important as titanium metal powder for additive manufacturing can only be used a limited number of times before quality is impacted by contaminants or inferior powder morphology.
