Top 10 at 11: Everyone wants to move in next door to Sandfire this morning

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.

Briefly, here’s what’s been happening already this morning: The ASX has opened higher this morning, after a rally for tech stocks in New York overnight lit a rocket underneath local techies this morning.

The benchmark was up 0.6% in the opening minutes of the day – tech stocks were up by double that – and it was only the Materials sector that was lagging behind as the market rubbed the sleep out of its eyes and started a weary plod towards lunch.

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Security	Description	Last	%	Volume	MktCap
LNU	Linius Tech	0.002	100.0	416,810	$5,546,741
LKY	Locksley Resources	0.04	66.7	16,705,875	$3,520,000
GTR	GTI Energy	0.004	33.3	703,750	$7,649,841
TAS	Tasman Resources	0.005	25.0	213,356	$3,220,998
TSL	Titanium Sands	0.005	25.0	106,000	$8,846,989
BRX	Belararox	0.285	21.3	468,016	$23,812,992
GBE	Globe Metals & Mining	0.046	21.1	131,529	$26,274,929
JAV	Javelin Minerals	0.003	20.0	2,500,000	$10,692,115
CL8	Carly Holdings	0.013	18.2	40,000	$2,952,074
GTE	Great Western Exp	0.034	17.2	2,361,278	$12,615,385

GTI Energy (ASX:GTR) was up on news that it has completed 66 of the proposed 76 drill hole exploration program at its Lo Herma ISR uranium project, located in Wyoming’s prolific Powder River Basin which the company says “confirms that uranium mineralisation continues north from the current mineral resource area with strong mineralised intercepts over good thicknesses encountered stretching at least 2km north along projected trends”.

Belararox (ASX:BRX) was rising on news that the company has bought the rights to 4,286km2 of prospective tenure across 14 prospecting licenses on Botswana’s highly prospective Kalahari Copper Belt, through the acquisition of 100% of KCB Resources, including its subsidiaries Blackrock Resources and NI MG Northern Nickel.

The acquisition secures BRX a second significant copper-prospective project in a highly prospective and mining-friendly jurisdiction, close to Sandfire Resources’ (ASX:SFR) Motheo Copper Mine, MMG Limited’s Khoemacau Mine and Cobre’s (ASX:CBE) flagship Ngami Copper project.

Great Western Exploration (ASX:GTE) was moving well after announcing that it has identified a “large, robust and coherent niobium lag soil anomaly”, which it has named the Sumo Niobium Target, 70km south-east of Sandfire Resources’ DeGrussa Copper-Gold Project and within Great Western’s 100% owned Yerrida North Project.

LAGGARDS

Stocks highlighted in red have made market-moving announcements (click headings to sort).

Code	Company	Price	%	Volume	Market Cap
VPR	Volt Group	0.001	-50.0	700,000	$21,432,416
IBG	Ironbark Zinc	0.003	-25.0	1,140,655	$7,334,591
ADG	Adelong Gold	0.004	-20.0	11,112	$5,589,945
EVR	EV Resources	0.004	-20.0	2,554,393	$6,981,357
CTN	Catalina Resources	0.0025	-16.7	257,513	$3,715,461
ROG	Red Sky Energy	0.005	-16.7	2,388,888	$32,533,363
BLZ	Blaze Minerals	0.003	-14.3	28,571	$2,199,954
MGU	Magnum Mining & Exp	0.012	-14.3	2,835,715	$11,331,060
TMK	TMK Energy	0.003	-14.3	105,293	$24,225,642
AGI	Ainsworth Game Tech	0.755	-13.2	740	$293,010,718