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Top 10 at 10: Which gold explorer is about to go back in time to the Victorian Goldfields?
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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 |
|---|---|---|---|---|---|
| BPH | BPH Energy Ltd | 0.027 | 50% | 21486170 | $15,796,781 |
| FAU | First Au Ltd | 0.004 | 33% | 125000 | $3,284,350 |
| AMD | Arrow Minerals | 0.005 | 25% | 1000000 | $11,633,242 |
| THR | Thor Energy PLC | 0.005 | 25% | 2239898 | $5,912,451 |
| BUY | Bounty Oil & Gas NL | 0.011 | 22% | 4411335 | $12,334,509 |
| AKO | Akora Resources | 0.17 | 17% | 230479 | $10,467,580 |
| FIN | FIN Resources Ltd | 0.014 | 17% | 66246 | $6,767,758 |
| RIM | Rimfire Pacific | 0.007 | 17% | 713000 | $11,861,468 |
| LPM | Lithium Plus | 0.25 | 16% | 52000 | $10,940,963 |
| IVX | Invion Ltd | 0.008 | 14% | 1001227 | $44,940,645 |
Gold explorer First AU (ASX:FAU) is among this morning’s biggest winners after announcing it has secured a drill rig and is planning to start drilling at the Haunted Stream Project in Victoria’s East Gippsland region in April.
The Haunted Stream Project contains more than 150 historical workings that produced gold from the 1860s up until the early 1900s, extends over 8.5km in strike length and has the potential to be of significant scale.
Proposed drill targets include historical workings, Ernestine (927oz @ 39g/t Au production) and Hibernia (816oz @ 17g/t AU reported production).
FAU announced recently it’s spreading its wings with the signing of an agreement to acquire a lithium project in Western Australia’s Pilbara region, which is close to projects held by the likes of Pilbara Minerals, Mineral Resources and Sayona Mining.
Akora Resources (ASX:AKO) has risen this morning after announcing Bekisopa Southern Zone DSO infill drilling results confirm significant areas and intercepts of high-grade iron mineralisation.
AKO said the drill hole program was completed with all holes intercepting iron mineralisation and 72 drill holes intercepting high-grade Direct Shipping Ore (DSO) iron mineralisation.
Significant high-grade iron mineralisation intercepts within the weathered zone and from surface that are suitable for DSO lumps and fines products, include:
“The 2022 Bekisopa DSO infill drilling results are outstanding, showing a broad area across the Southern Zone of better than benchmark grade iron mineralisation,” AKO managing director and CEO Paul Bibby said.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MCT | Metalicity Limited | 0.002 | -33% | 230,000 | $10,513,618 |
| MEB | Medibio Limited | 0.001 | -33% | 50,000 | $6,225,891 |
| NNG | Nexion Group | 0.022 | -19% | 808,060 | $4,112,312 |
| SIX | Sprintex Ltd | 0.04 | -18% | 62,500 | $12,463,362 |
| MGA | Metals Grove Mining | 0.125 | -17% | 2,328 | $5,400,075 |
| MXC | MGC Pharmaceuticals | 0.011 | -15% | 5,069,637 | $37,263,815 |
| GNM | Great Northern | 0.003 | -14% | 20 | $5,981,678 |
| PNT | Panther Metals | 0.13 | -13% | 9,925 | $4,612,500 |
| DOU | Douugh Limited | 0.007 | -13% | 112,504 | $7,871,187 |
| MRD | Mount Ridley Mines | 0.0035 | -13% | 500,000 | $31,139,531 |
