Top 10 at 11: Exploring in Africa and Big Data are in the news today

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, and I am running really late.

WINNERS

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

Security	Description	Last	%	Volume	MktCap
MTB	Mount Burgess Mining	0.002	100.0	260,099	$1,298,147
EXL	Elixinol Wellness	0.005	66.7	143,500	$3,963,547
DXN	DXN	0.088	35.4	1,328,411	$12,147,808
DOU	Douugh	0.004	33.3	500,000	$3,246,207
NES	Nelson Resources	0.004	33.3	920,000	$1,840,783
NRZ	Neurizer	0.004	33.3	39,686,138	$6,543,358
RML	Resolution Minerals	0.002	33.3	500,000	$2,415,033
MEG	Megado Minerals	0.014	27.3	259,839	$2,799,011
EMT	Emetals	0.005	25.0	12,518,659	$3,400,000
LPD	Lepidico	0.0025	25.0	8,983,300	$17,178,250

Mount Burgess Mining (ASX:MTB) was climbing on news that local officials have finally let the company to move forward, after the Botswanan Department of Environmental Protection (DEP) confirmed it had approved a Scoping Report and requested a Final EIA be lodged following MTB’s receipt of DEP’s comments. The timeframe to the completion of the EIA review period is estimated to be in the region of four to six weeks, after which MTB should be able to begin infill drilling at its Nxuu Project.

DXN (ASX:DXN) has released its FY24 results, and they’re excellent – the company is reporting that it has achieved a statutory EBITDA of $644,000 – the first positive EBITDA result in DXN’s history – on FY24 revenue of $10.8 million. Managing Director Shalini Lagrutto says the year has been “transformational”, following the company’s exit from its unprofitable data centre in Sydney.

eMetals (ASX:EMT) has delivered an update to its exploration in Uganda, revealing that a total of 40 soil samples and 77 rock-chip samples were taken on the Bukuya target within the Mubende Gold Project as part of the first phase of field activities. Numerous high grade rock chip samples were returned including 29.1g/t Au, 9.2g/t Au and 3.1g/t Au, with soil sampling confirmed gold mineralisation extends beyond current artisanal workings and has defined an anomalous zone across a strike of approximately 1,200m which remains open along strike in both directions.

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	250,000	$21,432,416
ENV	Enova Mining	0.01	-33.3	16,581,808	$14,773,940
1TT	Thrive Tribe Tech	0.001	-33.3	491	$917,432
AL8	Alderan Resource	0.002	-33.3	17,334	$3,818,584
EDE	Eden Inv	0.0015	-25.0	188,023	$8,216,419
FAU	First Au	0.0015	-25.0	20,500,000	$3,623,987
RNE	Renu Energy	0.0015	-25.0	5,500,000	$1,528,268
BNL	Blue Star Helium	0.004	-20.0	13,615,932	$9,724,426
JAV	Javelin Minerals	0.002	-20.0	28,493	$10,692,115
MCTDB	Metalicity	0.016	-20.0	1,300,067	$9,392,132