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).

WordPress Table

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).

WordPress Table

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.

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