Top 10 at 10: Liontown leaps on $550m loan, AI stock eyes commercialisation

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
1MC	Morella Corporation	0.0035	17%	90,154	$18,536,398
88E	88 Energy Ltd	0.006	20%	1,755,670	$125,620,313
ASP	Aspermont Limited	0.009	29%	366,000	$17,189,443
EQS	Equity Story Group	0.029	16%	35,000	$1,065,370
LBT	LBT Innovations	0.021	50%	8,086,414	$17,651,426
LCL	LCL Resources Ltd	0.014	17%	2,594,331	$11,462,706
LRL	Labyrinth Resources	0.005	25%	4,219,387	$4,750,175
M2M	Mt Malcolm Mines	0.035	17%	1,805,403	$4,368,105
NIS	Nickelsearch	0.034	31%	1,034,053	$5,552,104
VAL	Valor Resources Ltd	0.003	50%	200,655	$9,178,027

LBT Innovations (ASX:LBT) – which provides AI solutions to microbiology labs — successfully completes primary validation for its APAS PharmaQC product, “the final step in product development and technology commercialisation”.

Explorer LCL Resources (ASX:LCL) uncovers reasonable nickel grades (plus gold credits) in trenching at Veri Veri, part of the PNG nickel sulphide project.

Highlights include 19m @ 2.46% Ni and 0.65g/t Au, and 14m @ 2.82% Ni and 0.83g/t Au.

Signed land access agreements means NickelSearch (ASX:NIS) can now submit an application with DMIRS for its first lithium drill program at the Carlingup project in WA.

Gold hunter Sunshine Metals (ASX:SHN) drills into an “exceptional” 20m @ 18.21g/t from 114m (including 10m @ 34.79g/t) at Liontown, part of the Ravenswood Consolidated project in QLD.

Amongst the bigger boys, lithium developer Liontown (ASX:LTR) surges 14% after locking in a $550m debt facility to fund the Kathleen Valley mine through to first production and ramp up.

LOSERS

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

Security	Description	Last	%	Volume	MktCap
AVE	Avecho Biotech Ltd	0.003	-25%	5,183,482	$12,677,188
CPM	Cooper Metals	0.145	-47%	1,868,739	$21,547,804
ECT	Env Clean Tech Ltd.	0.004	-20%	666,956	$14,321,552
EDE	Eden Inv Ltd	0.002	-20%	701,717	$9,195,678
MCT	Metalicity Limited	0.002	-20%	624,999	$11,212,634
MRD	Mount Ridley Mines	0.001	-33%	2,809	$11,677,324
NYM	Narryer Metals	0.05	-17%	82,491	$3,029,615
RMX	Red Mount Min Ltd	0.002	-20%	23,368,097	$6,683,940
RR1	Reach Resources Ltd	0.003	-25%	2,325,000	$13,114,636
TMK	TMK Energy Limited	0.004	-20%	5,208,800	$30,612,897

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Explorer Cooper Metals (ASX:CPM) says diamond drilling at the Brumby Ridge copper-gold prospect is not hitting the expected broad intercepts of copper mineralisation found in previous drilling.

“At this early stage of follow-up drilling, the implications for the size and grade potential of Brumby Ridge is not yet well understood, requiring more drill holes to determine its potential,” managing director Ian Warland says.