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Top 10 at 10: Liontown leaps on $550m loan, AI stock eyes commercialisation
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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 |
|---|---|---|---|---|---|
| LBT | LBT Innovations | 0.021 | 50% | 8,086,414 | $17,651,426 |
| VAL | Valor Resources Ltd | 0.003 | 50% | 200,655 | $9,178,027 |
| NIS | Nickelsearch | 0.034 | 31% | 1,034,053 | $5,552,104 |
| ASP | Aspermont Limited | 0.009 | 29% | 366,000 | $17,189,443 |
| LRL | Labyrinth Resources | 0.005 | 25% | 4,219,387 | $4,750,175 |
| 88E | 88 Energy Ltd | 0.006 | 20% | 1,755,670 | $125,620,313 |
| M2M | Mt Malcolm Mines | 0.035 | 17% | 1,805,403 | $4,368,105 |
| 1MC | Morella Corporation | 0.0035 | 17% | 90,154 | $18,536,398 |
| LCL | LCL Resources Ltd | 0.014 | 17% | 2,594,331 | $11,462,706 |
| EQS | Equity Story Group | 0.029 | 16% | 35,000 | $1,065,370 |
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 CPM Cooper Metals 0.145 -47% 1,868,739 $21,547,804 MRD Mount Ridley Mines 0.001 -33% 2,809 $11,677,324 AVE Avecho Biotech Ltd 0.003 -25% 5,183,482 $12,677,188 RR1 Reach Resources Ltd 0.003 -25% 2,325,000 $13,114,636 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 RMX Red Mount Min Ltd 0.002 -20% 23,368,097 $6,683,940 TMK TMK Energy Limited 0.004 -20% 5,208,800 $30,612,897 NYM Narryer Metals 0.05 -17% 82,491 $3,029,615
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.
