Top 10 at 10: Which stock scored $923 MILLION to build a critical minerals project?
Pic: Via getty
Stockhead’s Top 10 at 10, published at ~10.40am 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 made market-moving announcements (click headings to sort).
| Code | Company | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| AOA | Ausmon Resorces | 0.003 | 50% | 350,000 | $2,117,999 |
| AYM | Australia United Min | 0.003 | 50% | 710,476 | $3,685,155 |
| SIH | Sihayo Gold Limited | 0.0015 | 50% | 250,000 | $12,204,256 |
| SIT | Site Group Int Ltd | 0.003 | 50% | 17,361 | $5,204,980 |
| CLZDC | Classic Min Ltd | 0.02 | 43% | 1,671,196 | $3,609,224 |
| LNU | Linius Tech Limited | 0.002 | 33% | 2,054,907 | $7,795,111 |
| MRZ | Mont Royal Resources | 0.085 | 29% | 86,825 | $5,611,966 |
| ATH | Alterity Therap Ltd | 0.005 | 25% | 200,000 | $20,952,072 |
| EFE | Eastern Resources | 0.01 | 25% | 24,431,844 | $9,935,572 |
| VAL | Valor Resources Ltd | 0.0025 | 25% | 1,742,337 | $9,178,027 |
It’s all about the explorers and mining project developers in early trade.
Australian Strategic Materials (ASX:ASM) has received a non-binding Letter of Interest from the Export-Import Bank of the United States for debt funding up to US$600m (A$923m) to build the Dubbo rare earths and critical minerals project.
It follows Export Finance Australia’s previous conditional finance support of A$200 million debt funding.
Eastern Resources (ASX:EFE) has returned several high grade lithium hits from drilling at its Lepidolite Hill project, including a highlight 11m at 2.27% Li2O from 49m (incl. 5m at 3.87% Li2O).
Most of the lithium appears related to lithium silicates petalite and/or spodumene, it says.
Meanwhile, Ausmon Resources (ASX:AOA) has returned “very encouraging” rare earths drill results from the Parrakie exploration license in South Australia.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| BNL | Blue Star Helium Ltd | 0.005 | -29% | 13,508,480 | $13,595,857 |
| CTN | Catalina Resources | 0.003 | -25% | 50,000 | $4,953,948 |
| ERL | Empire Resources | 0.003 | -25% | 657,455 | $4,451,740 |
| MRD | Mount Ridley Mines | 0.0015 | -25% | 1,019,608 | $15,569,766 |
| TTI | Traffic Technologies | 0.006 | -25% | 3,756,497 | $6,061,361 |
| 1CG | One Click Group Ltd | 0.008 | -20% | 54,253 | $6,881,788 |
| AMD | Arrow Minerals | 0.004 | -20% | 10,679,658 | $37,918,825 |
| ME1 | Melodiol Glb Health | 0.004 | -20% | 157,201 | $1,964,980 |
| RIL | Redivium Limited | 0.004 | -20% | 96,257 | $13,654,274 |
| ROG | Red Sky Energy. | 0.004 | -20% | 269,375 | $27,111,136 |
Traffic Technologies (ASX:TTI) is raising up to $1.4m via share purchase plan, done at a 19.5% discount to the 5-day volume weighted average price.
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