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Top 10 at 10: True North Copper strikes well in Queensland with ‘exceptional’ drill results
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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 |
|---|---|---|---|---|---|
| MPR | Mpower Group Limited | 0.025 | 25% | 7,342,853 | $6,874,066 |
| MXC | Mgc Pharmaceuticals | 0.0025 | 25% | 924,614 | $7,784,719 |
| TNC | True North Copper | 0.27 | 23% | 2,495,462 | $57,165,119 |
| CYQ | Cycliq Group Ltd | 0.006 | 20% | 818,876 | $1,737,583 |
| ST1 | Spirit Technology | 0.05 | 19% | 419,860 | $30,895,398 |
| TIG | Tigers Realm Coal | 0.007 | 17% | 310,351 | $78,400,214 |
| MTB | Mount Burgess Mining | 0.004 | 14% | 2,475,236 | $3,554,764 |
| RIM | Rimfire Pacific | 0.008 | 14% | 770,000 | $14,036,713 |
| THR | Thor Energy PLC | 0.004 | 14% | 1,665,280 | $5,107,520 |
| ESR | Estrella Res Ltd | 0.009 | 13% | 151,969 | $11,868,575 |
True North Copper (ASX:TNC) has announced “exceptional high-grade copper-cobalt-silver mineralisation” at the company’s first drillhole of an initial diamond drilling program at the Vero Resource, part of its 100% owned Mt Oxide project in Queensland.
Specifically, TNC has intersected 66.5m at 4.95% copper, 32.7 g/t silver in the first drillhole, and 685 ppm cobalt from 234.00m^ – including 20.60m at 10.51% copper and 63g/t silver, among other strong results highlighted in its announcement to the ASX this morning.
Planning for follow-up drilling, airborne geophysics, district scale mapping and development of a new 3D mineral system model are underway.
MPower (ASX:MPR), a specialist in renewable energy and battery storage development, has made a $6.1 million profit on its acquisition of the Lakeland Solar & Storage Project in Cooktown Shire, North Queensland.
The company notes the gain reflects operational and financial improvements implemented by MPower at the time of the Lakeland acquisition in August 2022. Lakeland is now worth $12.7m according to an independent external valuation.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.0015 | -25% | 1,299,999 | $11,649,361 |
| IEC | Intra Energy Corp | 0.005 | -17% | 2,772,200 | $9,724,690 |
| SI6 | SI6 Metals Limited | 0.005 | -17% | 1,244,444 | $11,963,157 |
| DOU | Douugh Limited | 0.006 | -14% | 82 | $7,398,827 |
| CLA | Celsius Resource Ltd | 0.013 | -13% | 5,170,221 | $33,690,775 |
| CUF | Cufe Ltd | 0.013 | -13% | 191,641 | $14,941,685 |
| BSN | Basinenergylimited | 0.1 | -13% | 155,964 | $6,903,450 |
| AMD | Arrow Minerals | 0.0035 | -13% | 4,132,218 | $12,095,060 |
| BBX | BBX Minerals Ltd | 0.035 | -13% | 2,002 | $20,490,029 |
| ERW | Errawarra Resources | 0.14 | -13% | 674,667 | $9,680,640 |
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