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Top 10 at 10: NickelSearch up 75pc after nickel sulphide mineralisation extended at Sexton
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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 |
|---|---|---|---|---|---|
| NIS | Nickel Search | 0.098 | 75% | 7,644,763 | $5,334,581 |
| KNM | Kneomedia Limited | 0.004 | 33% | 125,000 | $4,514,356 |
| HRE | Heavy Rare Earths | 0.13 | 30% | 117,934 | $5,948,793 |
| SNG | Siren Gold | 0.14 | 27% | 329,000 | $14,907,802 |
| RMX | Red Mount Min Ltd | 0.006 | 20% | 37,578,568 | $11,359,255 |
| HNR | Hannans Ltd | 0.013 | 18% | 1,844,855 | $29,970,653 |
| EMC | Everest Metals Corp | 0.295 | 18% | 2,049,977 | $32,358,277 |
| PR1 | Pure Resources | 0.3 | 18% | 36,032 | $6,540,752 |
| ADY | Admiralty Resources | 0.007 | 17% | 4,541 | $7,821,475 |
| AHN | Athena Resources | 0.007 | 17% | 1,000,000 | $6,422,805 |
NickelSearch (ASX:NIS) is topping the winners list this morning after announcing sulphide mineralisation has been intersected in both the Upper Mineralised Horizon (UMH) and Lower Mineralised Horizon (LMH) in two diamond drillholes at the Sexton Prospect.
Multiple sulphide intersections previously reported over a 9.85m interval in diamond drill hole 23NRD028.
“Diamond drill hole 23NDD030 intersected massive sulphides in the same horizon, which demonstrates the nickel mineralisation continues 60m further along strike, extending the total strike length to 250m,” NIS said.
Assays from the two Sexton diamond holes are expected in early August, and follow-up downhole electromagnetic (DHEM) surveys are now planned for these diamond holes to further test the extent of the sulphide mineralisation, which the company said exhibits a strong DHEM anomaly response.
Also on the winners list is Heavy Rare Earths (ASX:HRE) after announcing a metallurgical program has delivered two-fold grade increase and up to 91.3% extraction of magnet rare earths, at its 100% Cowalinya project in the WA REE hotspot of Norseman-Esperance.
HRE said sizing work indicates simple, low-cost screening capable of delivering two-fold increase in rare earths grade with diagnostic leaching test work producing very high extractions of magnet rare earths, as high as 91.3%.
High extractions were achieved with low acid consumption. A program is underway to develop downstream flowsheet to a Mixed Rare Earth Carbonate (MREC) product and generate samples for customer assessment.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CCE | Carnegie Cln Energy | 0.001 | -33% | 1,276,999 | $23,463,861 |
| OAR | OAR Resources Ltd | 0.003 | -25% | 287,500 | $10,284,152 |
| ROG | Red Sky Energy | 0.003 | -25% | 190,000 | $21,208,909 |
| MOB | Mobilicom Ltd | 0.016 | -24% | 6,867,854 | $27,860,211 |
| WFL | Wellfully Limited | 0.004 | -20% | 185 | $2,464,721 |
| DCL | Domacom Limited | 0.033 | -18% | 102,000 | $17,420,071 |
| 1ST | 1St Group Ltd | 0.005 | -17% | 504,335 | $8,501,947 |
| LIN | Lindian Resources | 0.35 | -16% | 9,681,419 | $426,373,113 |
| IRX | Inhalerx Limited | 0.04 | -15% | 9,999 | $8,919,047 |
| RBX | Resource B | 0.15 | -14% | 250,000 | $12,962,220 |
At Stockhead, we tell it like it is. While Nickel Search and Heavy Rare Earths are Stockhead advertisers, they did not sponsor this article.
