Top 10 at 10: Loyal Lithium stays true to Canada while Resource Mining digs Finland

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	Company	Price	%	Volume	Market Cap
CLE	Cyclone Metals	0.0015	50%	1,743,472	$10,264,505
LLI	Loyal Lithium Ltd	0.445	39%	1,883,951	$21,596,800
AVM	Advance Metals Ltd	0.008	33%	7,904,035	$3,531,352
EEL	Enrg Elements Ltd	0.004	33%	10,964,511	$3,027,703
SRZ	Stellar Resources	0.015	25%	1,004,441	$12,071,571
EQN	Equinoxresources	0.15	25%	295,949	$5,400,000
RMI	Resource Mining Corp	0.064	21%	2,616,592	$27,862,495
BXN	Bioxyne Ltd	0.018	20%	5,000	$28,524,681
AJL	AJ Lucas Group	0.014	17%	78,571	$16,508,756
EDE	Eden Inv Ltd	0.0035	17%	921,386	$8,990,833

Loyal Lithium (ASX:LLI) has kicked off what it’s describing as a comprehensive exploration program at its recently acquired Hidden Lake lithium project in… you guessed it, Canada.

Some 315 untested individual pegmatite outcrops have been by the company identified via high-resolution satellite imagery. These, Loyal Lithium notes, are in addition to four other main spodumene-rich dykes, which have a drill and channel tested cumulative strike length of 2,250m and remain open along strike and depth.

Resource Mining Corporation (ASX:RMI) is focusing on Finland for its lithium. The company says that assays are revealing lithium-bearing pegmatites in the northern part of the Kola lithium project – up to 5.26% Li2O. And at its Hirvikallio lithium project, results of new outcrop samples confirm the presence of lithium-bearing pegmatites there, too.

Advance Metals (ASX:AVM) has confirmed high-grade copper potential in its exploring exploits at the Augustus Polymetallic Project in Arizona.

The company notes that XRF sample results reveal copper grades as high as 20.47% Cu, with a large area for potential copper ore identified through drone-supported ground surveys, geological field reconnaissance, satellite analysis, and geochemical surveys.

Moving down to Tassie, Stellar Resources (ASX:SRZ) has intersected a broad copper-bearing stockwork zone at the North Scamander prospect in north-east Tasmania.

The company writes: “Following 38.6m of visually significant Zn-Pb-Cu mineralisation (announced 28 June 2023), North Scamander exploration drillhole NSD005 has since intersected 160m of pyrrhotite +/- chalcopyrite stockwork veining from 349m, and 14m of weaker pyrrhotite +/- chalcopyrite stockwork veining from 564m.”

LOSERS

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

Code	Company	Price	%	Volume	Market Cap
AXP	AXP Energy Ltd	0.001	-33%	1	$8,737,021
MTL	Mantle Minerals Ltd	0.001	-33%	275,000	$9,221,169
MXC	Mgc Pharmaceuticals	0.002	-33%	1,959,094	$11,677,079
VAL	Valor Resources Ltd	0.003	-25%	30,000	$15,212,139
SVR	Solvar Limited	1.375	-21%	849,109	$362,952,249
ADY	Admiralty Resources.	0.006	-14%	50,000	$9,125,054
CAV	Carnavale Resources	0.006	-14%	948,362	$23,334,862
RXM	Rex Minerals Limited	0.215	-14%	3,065,724	$148,196,897
KCC	Kincora Copper	0.046	-13%	1,541,274	$6,376,020
GED	Golden Deeps	0.007	-13%	75,000	$9,241,814

Automotive finance specialist Solvar Limited (ASX:SVR) has released financial figures in line with previously stated guidance. It’s talking an (unaudited) result for Net Profit After Tax for FY23 of $47.6m.

Copper-gold explorer Rex Minerals (ASX:RXM) has successfully received binding commitments to raise $8 million via a shares placement to institutional and sophisticated investors.