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Top 10 at 10: Which explorer just reeled in 52m at 3.65g/t gold?
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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 |
|---|---|---|---|---|---|
| G88 | Golden Mile Res Ltd | 0.027 | 50% | 1,224,363 | $4,741,780 |
| IMM | Immutep Ltd | 0.385 | 43% | 5,604,280 | $237,409,819 |
| LSR | Lodestar Minerals | 0.005 | 25% | 80,200 | $7,373,589 |
| XTC | Xantippe Res Ltd | 0.005 | 25% | 100,000 | $42,320,399 |
| LCL | Los Cerros Limited | 0.039 | 22% | 7,302,150 | $25,417,743 |
| FIN | FIN Resources Ltd | 0.017 | 21% | 1,315,613 | $8,659,495 |
| GCR | Golden Cross | 0.006 | 20% | 780,846 | $5,486,281 |
| LER | Leaf Res Ltd | 0.013 | 18% | 196,467 | $22,682,428 |
| NRX | Noronex Limited | 0.021 | 17% | 78,060 | $4,543,947 |
| TAS | Tasman Resources Ltd | 0.007 | 17% | 33,333 | $4,276,016 |
Golden Mile Resources (ASX:G88) uncovers “3 exciting untested high priority gold targets” for drilling at the Yuinmery project in WA’s Murchison region.
Los Cerros (ASX:LCL) has pulled up an incredible 52m grading 3.65g/t gold from 160m in maiden drilling at Kusi, part of the 100% owned Ono project in Papua New Guinea.
Drill results received thus far have exceeded grade expectations, says the company, which is only 5 holes into an 18-hole program.
And Fin Resources (ASX:FIN) has identified outcropping pegmatites at the Cancet West project in Quebec’s James Bay region.
It subsequently staked an additional 510 hectares of prospective open ground directly west of the project.
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% | 173,521 | $23,463,861 |
| VPR | Volt Power Group | 0.001 | -33% | 7,800,000 | $16,074,312 |
| CLE | Cyclone Metals | 0.0015 | -25% | 1,925,517 | $18,178,496 |
| MWY | Midway Ltd | 0.685 | -24% | 79,648 | $79,039,281 |
| RML | Resolution Minerals | 0.004 | -20% | 403,369 | $6,268,959 |
| SIH | Sihayo Gold Limited | 0.002 | -20% | 350,000 | $15,255,320 |
| THR | Thor Energy PLC | 0.004 | -20% | 4,433,001 | $7,368,064 |
| MIL | Millennium Grp Ltd | 0.3 | -19% | 3,300 | $17,450,406 |
| AVW | Avira Resources Ltd | 0.003 | -14% | 1 | $7,468,265 |
| PYC | PYC Therapeutics | 0.054 | -13% | 3,564,504 | $197,619,581 |
Plantation manager and woodfibre exporter Midway (ASX:MWY) says pulp prices have continued to fall as Chinese buyers further slow purchases.
“Hardwood pulp is currently trading at around US$465/t, down from a peak of more than US$855/t earlier in the calendar year,” it says.
“It is estimated the overall impact on Midway’s volumes from the market slowdown for 2H23 could be a reduction of 35% on 1H23.”
