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Top 10 at 10: West Cobar Metals expands clay REE resource; plus more North American lithium love
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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 |
|---|---|---|---|---|---|
| DXN | DXN Limited | 0.002 | 100% | 250,000 | $1,721,315 |
| WC1 | Westcobarmetals | 0.13 | 63% | 1,102,039 | $6,910,699 |
| CCE | Carnegie Cln Energy | 0.0015 | 50% | 773,517 | $15,642,574 |
| MTL | Mantle Minerals Ltd | 0.0015 | 50% | 3,608,817 | $6,147,446 |
| XTC | Xantippe Res Ltd | 0.0015 | 50% | 409,391 | $11,480,100 |
| AXP | AXP Energy Ltd | 0.002 | 33% | 255,473 | $8,737,021 |
| MCT | Metalicity Limited | 0.002 | 33% | 500,000 | $5,604,129 |
| IR1 | Irismetals | 2.01 | 30% | 490,291 | $123,581,500 |
| BMM | Balkanminingandmin | 0.21 | 20% | 7,920 | $10,687,602 |
| CT1 | Constellation Tech | 0.003 | 20% | 241,989 | $3,678,001 |
West Cobar Metals (ASX:WC1) has had a major increase in the resource base of the Salazar clay-hosted rare earth element (REE) project, 120km northeast of Esperance in southern WA.
The company’s recent drilling and testwork builds on more than eight years of exploration, metallurgical and technical studies. The Salazar Project is one of the most advanced clay rare earth assets in Australia.
Highlight, per company announcement: The Total Mineral Resource figure has been upgraded to 190Mt of 1172ppm TREO (total rare earth oxide) comprising Indicated + Inferred Resources.
Iris Metals (ASX:IR1) has found multiple, wide, high-grade and shallow lithium intersections at its 100% owned Beecher Project in America’s South Dakota.
The results – assays from the first six drillholes of a 38-hole RC program are significant, and show the project’s high potential, notes the exploration company.
Results from an additional 32 holes are pending assay results and are expected to be received in the coming weeks.
Lithium hunter Balkan Mining and Minerals (ASX:BMM) has received an exploration permit for the Gorge Lithium Project in the Georgia Lake pegmatite district of northern Ontario, Canada.
The exploration permit, granted by the Ontario Ministry of Mines, is effective for a period of three years and allows the company to begin siteworks for an extensive drill program.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| EDE | Eden Inv Ltd | 0.003 | -25% | 250,611 | $11,987,881 |
| EMU | EMU NL | 0.002 | -20% | 100,000 | $3,625,053 |
| RGS | Regeneus Ltd | 0.008 | -20% | 50,000 | $3,064,369 |
| PNR | Pantoro Limited | 0.057 | -19% | 10,092,358 | $329,282,136 |
| CYQ | Cycliq Group Ltd | 0.005 | -17% | 500,000 | $2,085,100 |
| AMD | Arrow Minerals | 0.003 | -14% | 217 | $10,583,178 |
| DOU | Douugh Limited | 0.006 | -14% | 178,000 | $7,398,827 |
| HIQ | Hitiq Limited | 0.026 | -13% | 150,000 | $8,003,379 |
| 88E | 88 Energy Ltd | 0.007 | -13% | 406,866 | $160,862,946 |
| YPB | YPB Group Ltd | 0.0035 | -13% | 129 | $2,973,846 |
Goldie Pantoro (ASX:PNR) has announced a successful $30 million equity raise, receiving firm commitments for an institutional placement of new fully paid ordinary shares in the company.
Proceeds from the placement will largely go towards operations at the Norseman gold project, about 200km south of Kalgoorlie.
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